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Title: POLL & Discussion: Cryptos are not a currency, they are a commodity Post by: mgoldfinger on February 04, 2014, 06:04:54 PM Argumentation for seeing Cryptos (e.g. BTC) as a Commodity:
- The supply is limit, e.g. like oil - You can not create more of them, you can only mine more of them, e.g. like Gold or Diamond. You can of course create a new Crypto, but the supply of the crypto can later not be changed; a maximum set amount wil exist Due to the digital nature of Cryptos, it is very easy to use them for exchange purposes and they can from that perspective be seen as a currency, but ultimatly they are not. They are commodity that is very tradable. Counter arguments? Title: Re: POLL & Discussion: Cryptos are not a currency, they are a commodity Post by: rhyso on February 04, 2014, 06:26:56 PM I voted commodity as that is what I am currently using them for. Though I think both boxes are ticked in reality.
Title: Re: POLL & Discussion: Cryptos are not a currency, they are a commodity Post by: htimsxela on February 04, 2014, 06:41:56 PM I don't think cryptos fit perfectly into either category, they are a sort of commodity that can function as currency.
Edit: changed 'btc' to 'cryptos' |