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21 sats \ 8 replies \ @Lux 7 Nov 2024 \ parent \ on: What kind of subliminal message is SN trying to say here? meta
https://www.law.cornell.edu/wex/currency
Currency can be defined as a system of money issued by a State on a national territory
Exactly that trigger my curiosity about that SN message...
WHO is the State in Bitcoin case?
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| letters | thing | code | numbers | state |
|---|---|---|---|---|
| ZZ08_Gold | Gold | XAU | 959 | N.A. |
| ZZ09_Palladium | Palladium | XPD | 964 | N.A. |
| ZZ10_Platinum | Platinum | XPT | 962 | N.A. |
| ZZ11_Silver | Silver | XAG | 961 | N.A. |
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so commodities are currencies?
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Currency is issued by an authority and it's valid only in that jurisdiction. Picture casino chips, or cowboy credits
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That's my question.
according to International Organization fo Standardization
ISO 4217 Currency codes
"This standard establishes internationally recognized codes for the representation of currencies that enable clarity and reduce errors. Currencies are represented both numerically and alphabetically, using either three digits or three letters. Some of the alphabetic codes for major currencies are familiar, such as “EUR” for Euros. Fortunately, ISO 4217 covers everything from Afghanis to Zambian Kwacha as well."
Definitions and the practical application of them seem to be at least arguably not the same thing.
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Commodities are not currencies, paper commodities are
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Interesting. So, by 'paper' in 'paper gold' for example, we really mean electronic.
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yup
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