Re:Judge Shoots Down ‘Bitcoin Isn’t Money’ Argument in Silk ...
by AnthonyMouse on Thursday July 10, 2014 @01:55AM
(#8013824)
> Really? What about all the services like Bitstamp? I am fairly sure that bitcoin is more liquid than used iPhones.
The actual problem is that the entire concept of trying to separate currency from commodities is defective. Forget about used iPhones. You can walk into any pawn shop and exchange a bar of silver for goods or cash. Does that mean silver is a currency? What about copper? Or gasoline? Try to buy something on Craigslist and offer to pay with a gas card. More likely to succeed than offering bitcoin.
The actual problem is that the entire concept of trying to separate currency from commodities is defective. Forget about used iPhones. You can walk into any pawn shop and exchange a bar of silver for goods or cash. Does that mean silver is a currency? What about copper? Or gasoline? Try to buy something on Craigslist and offer to pay with a gas card. More likely to succeed than offering bitcoin.