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A comment on Temporary pause of Bitcoin withdrawals on Binance. Parent comment

Re:Temporary pause of Bitcoin withdrawals on Binance by nytesky on Monday June 13, 2022 @09:51AM (#31725564)
If all the exchanges lock users out, you can “transact” with BTC But can you convert it into US dollars? Where does one spend BTC these days, buy some furniture off overstock?
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Re:Temporary pause of Bitcoin withdrawals on Binance by tatertots1234 on Monday June 13, 2022 @10:19AM (#31725967)
there will always be some method of exchange. one exchange goes down, another will take its place.
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Re:Temporary pause of Bitcoin withdrawals on Binance by swamp40 on Monday June 13, 2022 @01:17PM (#31728506)
Where does one spend gold these days?
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Re:Temporary pause of Bitcoin withdrawals on Binance by giaour on Monday June 13, 2022 @01:34PM (#31728710)
Pawn shop? Or maybe at a supervillain's lair, where sellers are known to accept briefcases full of gold.

Usually you need to convert your gold to a legal tender currency in order to be able to spend it. You normally lose money on the conversion at a retail volume, though.

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