- Mar 13, 2014
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It doesn't change anything.
It does though. Your assertion is that you don't have to use an exchange of some kind but in reality you do.
Let's use your hypothetical example. You sell a sack of turnips for 1/480th of a Bitcoin (what are the odds that this buyer has a wallet with exactly 1/480th of a bitcoin?). You buy a sack of apples for 1/360th of a Bitcoin. How do you make up the difference? Cash will have to be introduced at some point in the transaction. Therefore an exchange will be necessary.
My point is that an exchange will be necessary.