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Title: Virtual Currency being called Digital Currency and vice-versa Post by: Stephen Gornick on December 14, 2010, 05:20:24 AM The recent PC Word article described Bitcoin as a "decentralized virtual currency". I believe the description would have been more correct if the term used was "digital currency", as Bitcoin's FAQ describes it.
I then read about Facebook Credits which were labeled as "digital currency". http://www.variety.com/article/VR1118028888?refCatId=1009 Facebook Credits can accumulate but funds are one way, they can only be spent within facebook (e.g., on e-cards and for Farmville Cash). Is this a mis-use of the term digital currency, or is there a blurring of the line between the two. Title: Re: Virtual Currency being called Digital Currency and vice-versa Post by: kiba on December 14, 2010, 05:22:44 AM What's the difference between virtual and digital goods?
Title: Re: Virtual Currency being called Digital Currency and vice-versa Post by: FreeMoney on December 14, 2010, 05:38:02 AM There is virtually no difference imo.
Title: Re: Virtual Currency being called Digital Currency and vice-versa Post by: jgarzik on December 14, 2010, 09:50:15 PM To a lawyer, I would describe bitcoin as a digital commodity.
To a layman, I would describe bitcoin as digital cash. |