Re:Bitcoin has risen more than eightfold in past year
by wickawic on Tuesday August 15, 2017 @01:18PM
(#15020226)
But what makes something a currency? If in an alternate universe Bernie Madoff printed MadoffBucks and made agreements that you could use these as currency in some online stores and Pizza Hut, does that make it a real currency? Unfortunately I think the only way something becomes a currency is when a government calls it one.
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Re:Bitcoin has risen more than eightfold in past year
by nicky0 on Wednesday August 16, 2017 @05:34AM
(#15026124)
It may not be a currency, depending how you choose to define that word, but it is certainly a fungible asset and a means of exchange. It acts both as a store of value and as method of transferring value from one party to another.