gvsteve

The purpose of my comment was to establish that 'enriches early adopters' is not enough to classify something as a scam.

And I don't think anyone is really trying to convince people to do all their buying and selling using Bitcoin. However it may be useful to do some of your buying and selling with Bitcoin.

If FooCorp's stock was stable and easily transferrable enough to use as a currency, why would it be a scam to advocate its use as currency? If your answer is only 'because holders profit' then I guess I'll agree to disagree.

He's referring to how the most popular Bitcoin exchange site, mtgox.com was formerly a trading site for Magic The Gathering cards, "Magic The Gathering Online eXchange"

This site was hacked a few days ago causing much chaos in the Bitcoin community.

If you're trading Bitcoins for a meal, I don't think it really matters if it fits the dictionary definition of a "currency."

Everything is legal until it is made illegal. Bartering for goods and services is not illegal, at least in the US, and Bitcoin falls under that legal realm.

There is no law hindering any company's ability to accept Bitcoin as payment besides the requirement to pay taxes on the fair market value of the Bitcoins.

Then the stock of any company ever made is a scam because it is run with the intention to profit shareholders, of which early adopters will profit the most.

Whether it fits the strict definition of "currency" is not very important, imho. The value of Bitcoin, being a very undeveloped market, is highly volatile. This is certainly true.