Re:MtGox.com is offline
by icebraining on Tuesday February 25, 2014 @05:14AM
(#7296709)
You're confusing money with legal tender. But in any case, you can just travel to the Utah: http://www.nytimes.com/2011/05/30/us/30gold.html?pagewanted=...
> You're confusing money with legal tender.
I don't think I am. Something can be generally accepted as payment for goods and services without it being legal tender.
> But in any case, you can just travel to the Utah
That article is about coins produced by the US mint, not lumps of gold. And even so, the article says, "so far, it is hard to find anyone who is using gold or silver to buy anything."
Re:MtGox.com is offline
by icebraining on Tuesday February 25, 2014 @06:58AM
(#7297048)
Isn't your argument equivalent to saying that Latin isn't a language, because it's hard to find anyone who uses it to chat?
Gold is money, it just has been superseded for most uses. And even so, when dollars are harder to use, gold is still used for some large transactions: http://online.wsj.com/news/articles/SB1000142412788732435200...
You can read many Latin works, and find the language taught in many schools. Since it isn't spoken except in a handful of limited contexts, it gets the special qualifier "dead language." Gold is basically a "dead money." Hung onto by various people for historical and religious legacies, but not really suited for modern use.
Gold is not generally accepted as payment for goods and services in any culture that I know of (excluding jewelry and metal stores, of course). I'd be genuinely interested to hear about places where you can still take a lump of gold to a store and pay with it.