Originally Posted by
joe_miami
Likewise, a $100 bill is a $100 bill, even if I choose to
use it at a store in Mexico that gives me a crummy exchange rate or refuses to give me change.
I think you're confusing even yourself at this point because this is precisely our argument. Of course a $100 bill is a $100 bill in exactly the same way that a cert is a cert. That doesn't mean a cert is equivalent to $100 just because someone, somewhere, can use that cert in lieu of $100. Just in the same way that the same cert is not equivalent to $0 just because someone else, somewhere else, can't extract any value from it.