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Re:Bitcoin 'creator' backs out of Satoshi coin move 'proof' by gozur88 on Thursday May 05, 2016 @04:52PM (#11639587)
>The FTC recognizes it as a commodity, something that can be bought and sold. In it's current incarnation, it is the equivalent of bartering with baseball cards in lieu of cash.

The US government has a stake in the failure of non-state-controlled currencies, though, so this isn't really evidence of anything.

Re:Bitcoin 'creator' backs out of Satoshi coin move 'proof' by fucking_tragedy on Thursday May 05, 2016 @05:29PM (#11639792)
It's evidence that it is popularly interpreted as something that has value and can be traded. So is money. I really can't care any less than I already don't if Bitcoin is or isn't a legal currency.

The point is it isn't commonly purported to be a 'settlement layer' but something else entirely.

Re:Bitcoin 'creator' backs out of Satoshi coin move 'proof' by gozur88 on Thursday May 05, 2016 @06:41PM (#11640234)
I don't disagree with anything you've said. It's just that the government classification doesn't support (or refute) the point because the government isn't a disinterested party.