MugaSofer comments on Harry Potter and the Methods of Rationality discussion thread, part 26, chapter 97 - Less Wrong

5 Post author: palladias 15 August 2013 02:18AM

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Comment author: Kaj_Sotala 16 August 2013 09:10:53AM *  2 points [-]

Unless wizards all agree not to value raw gold at all, only Galleons. That seems implausible.

Why? There are vast advantages in using the currency that everyone else accepts. Real-world alternative currencies rarely replace the official national currencies, either. (Even if you believed that Bitcoin had the potential to eventually do so, gold and Galleons are both physical currencies, so gold wouldn't have the advantages of a digital cryptocurrency.)

Comment author: MugaSofer 21 August 2013 05:20:50PM 0 points [-]

'cause it can be turned into money, so they would want it, so it would be valuable.