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Title: Wikipedia's Bitcoin article: "Bitcoin is not a currency." Post by: JacobMichaels on April 12, 2013, 02:48:17 AM https://en.wikipedia.org/wiki/Talk:Bitcoin#Bitcoin_Not_a_Currency
I can't edit it. It looks like things are about to go full retard. The editor I was rooting for just quit. :( Title: Re: Wikipedia's Bitcoin article: "Bitcoin is not a currency." Post by: Mike Christ on April 12, 2013, 02:50:36 AM Not a currency?
GUFFAW. Title: Re: Wikipedia's Bitcoin article: "Bitcoin is not a currency." Post by: Phantai on April 12, 2013, 03:00:40 AM HAHAHAHAHA. Yeah, okay.
A currency is a medium of exchange. Paper money is not backed by anything, and it has no real value outside of the fact that people use it to trade. People could be trading with anything. Paper bills. Gold coins. Bottle caps. Bitcoins. At least the value of Bitcoin lies beyond the fact that people use it. Security, anonymity, and transferability make it quite a bit more valuable than any other form of currency to date. Title: Re: Wikipedia's Bitcoin article: "Bitcoin is not a currency." Post by: Mike Christ on April 12, 2013, 03:10:14 AM I mean, I can understand their claims. They're just wrong. They'll have to figure it out on their own. But the consensus is generally this: yes, I use it as money; in fact, it has no other use (which is an excellent quality, by the way.)
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