Chinese people can pay their taxes in yuan. When there was a gold standard you c...

		philwelch on Jan 11, 2013 \| parent \| context \| favorite \| on: Bitcoin exchange hacked via Rails exploit, funds s... Chinese people can pay their taxes in yuan. When there was a gold standard you could pay your taxes in gold, but now there isn't, which is why gold is just a commodity, not a currency.