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A comment on SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund [pdf]. Parent comment

Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by programmarchy on Saturday March 11, 2017 @01:45AM (#13844553)
You're describing fiat currency, a subset of currency. Historically, a nation state is not a prerequisite for currencies to exist.
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Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by dragonwriter on Saturday March 11, 2017 @01:57AM (#13844579)
Actually, GP is discussing legal tender, which is not the same thing as fiat currency. Commodity (both specie or representational) currencies have historically been legal tender, in addition to fiat money (which is the modern norm for legal tender.)
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Re:SEC Rejects Rule Change for Bitcoin Exchange-Traded Fund ... by bogomipz on Saturday March 11, 2017 @10:03AM (#13845616)
Agreed, I actually checked investoepdia and a government issue seems to be part of the agreed upon "modern" definition it seems.
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