Bitcoin Forum

Bitcoin => Legal => Topic started by: row5_seat47 on August 14, 2014, 01:32:08 AM


Title: IMF Asserts Bitcoin Not a Currency in Draft Repor
Post by: row5_seat47 on August 14, 2014, 01:32:08 AM
International Monetary Fund Asserts Bitcoin Not a Currency in Draft Report 
http://letstalkbitcoin.com/blog/post/international-monetary-fund-asserts-bitcoin-not-a-currency-in-draft-report

Title: Re: IMF Asserts Bitcoin Not a Currency in Draft Repor
Post by: rocks on August 14, 2014, 11:35:23 PM
Quote from: row5_seat47 on August 14, 2014, 01:32:08 AM
International Monetary Fund Asserts Bitcoin Not a Currency in Draft Report 
http://letstalkbitcoin.com/blog/post/international-monetary-fund-asserts-bitcoin-not-a-currency-in-draft-report


This is absolutely correct.

Bitcoin is not a currency, instead Bitcoin is a form of money. They are different.

Title: Re: IMF Asserts Bitcoin Not a Currency in Draft Repor
Post by: zedicus on August 15, 2014, 12:15:47 AM
Quote from: rocks on August 14, 2014, 11:35:23 PM
Quote from: row5_seat47 on August 14, 2014, 01:32:08 AM
International Monetary Fund Asserts Bitcoin Not a Currency in Draft Report 
http://letstalkbitcoin.com/blog/post/international-monetary-fund-asserts-bitcoin-not-a-currency-in-draft-report


This is absolutely correct.

Bitcoin is not a currency, instead Bitcoin is a form of money. They are different.

I think bitcoin is on it's way to becoming a currency. Once it's price starts to be much more stable it will be a better store of value. Once it would be generally accepted that bitcoin is a stable store of value then it would generally be considered to be a currency.

Title: Re: IMF Asserts Bitcoin Not a Currency in Draft Repor
Post by: Skoupi on August 15, 2014, 12:31:32 AM
Bitcoin is a protocol. One of this protocol's applications has all the characteristics of currency.
You welcome IMF.


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