To: ksen
So are Liberty Dollars. :shrug:But gift cards are only redeemable in the issuer's establishment. Thus to compare them with Liberty Dollars, liberty dollars could only be redeemed by whoever issued it. However, the issuer here is implying it's a barter currency if not an alternate legal currency. That implies redemption anywhere.
BIG difference.
245 posted on
11/15/2007 9:23:55 AM PST by
bcsco
("The American Indians found out what happens when you don't control immigration.")
To: bcsco
But gift cards are only redeemable in the issuer's establishment. Thus to compare them with Liberty Dollars, liberty dollars could only be redeemed by whoever issued it. However, the issuer here is implying it's a barter currency if not an alternate legal currency. That implies redemption anywhere.BIG difference.
If you are talking about the paper LDs than you are correct.
But if you're talking about the metal coins then whoever accepts them can just sell the coins for the value of the underlying metal in the coin.
316 posted on
11/15/2007 10:06:58 AM PST by
ksen
("For an omniscient and omnipotent God, there are no Plan B's" - Frumanchu)
To: bcsco
No, I think they could be redeemed by anybody who also recognizes an equivalent value in the Liberty Dollar.
So redemption anywhere isn’t implied, only between two parties who mutually agree.
Exactly like we use Federal Reserve notes.
320 posted on
11/15/2007 10:10:10 AM PST by
ovrtaxt
(You're a destiny that God wrapped a body around.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson