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Yes you are correct. Had I not provided proof of my assumption, that bitcoins are in fact NOT currency, as legally defined, I would have committed a fallacy of begging the question--leading to circular logic. With the addition of a second begging, clearly redundant. But I do not agree that " raising the question" is an appropriate replacement regarding proper grammar. Wiki can suck it.
Are we clear that bitcoins cannot be considered "currency" as currency is defined as paper tradable from hand to hand, per Blacks definition? Should You, the human, find yourself in a legal issue using bitcoins--- this will of course, be a part of the Laws grammar.
yes i stand corrected!  All digital dictionaries should be considered supplementary as all digital info can be altered. do you agree? |
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yes copy that. money=currency, ergo, currency = money.
except bitcoins arent issued. so does the logic fail?
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Ok, well...that's probably why the Supreme Court doesn't use WIKI for Case Law  And when they do, it's time to sell the farm. |
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Do you have a link to the Case? ....what part of "govt" said it was money? the FedRes?  |
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No dude, wiki obviscates true definition, it should NOT be your reference. I thought peeps knew that about Wiki? It's additional data to be sure, but anyone can put what ever in there....lol....and a thousand Frenchmen COULD be wrong.
For true definition, you have to go back in time. To HARD PRINT. The meanings get simpler, and less occulted.
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@bry
Yeah, but...it's giving up the control of said valuable thing to someone else, when you can do it yourself. You just have to learn the process in which the evil bastards have used to defraud us. Basically, we give up our privacy for security, but they can't provide security. And we have our private info out there in the wind to boot.....
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As to your question on definitions changing, Case Law represents all previous ruling using just the very process you describe, point being, lawyers are using the Common Law , or common agreement of the identity of (bitcoin) if we all agree that currency NOW means something other than what it DID previously mean, there would have to be an Overruling of a previous definition...usually this does not happen often...in the case of Blacks Law being used as the Authority, all Judges and Attourneys will refer both to the current legal authority for definition, AND Case Law.
I'm certain "digital currency" has been legally defined already. It's probably different than "curreny"
Has anyone checked?
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me thinks "digital currency" is a misnomer. This misunderstanding may lead to painful legalities due to us common folks not knowing the meaning of the words we use. From Blacks Law What is CURRENCY? Coined money and such bank-notes or other paper money as are authorized by law aud do in fact circulate from hand to hand as the medium of exchange. Griswold v. Hepburn, 2 Duv. (Ky.) 33; Leonard v. State, 115 Ala. SO, 22 South. 504; Insurance Co. v. Keirou, 27 111. 505; Insurance Co. v. Ivupfer, 2S 111. 332, 81 Am. Dec. 284; Lackey v. Miller, 01 N. O. 20. Law Dictionary: http://thelawdictionary.org/currency/#ixzz2onbOTlowPlease do not post your definitions cut and pasted from merriums or wiki.....they don't stand in a Court of Law, and so, should be disregarded. I'm concerned with the context and use of the lawful use, of bitcoins as an exchangeable medium. If you are a Lawyer, I understand you aren't obligated to tell the truth, but, I know you are obligated to follow the Rule of Law.--- All westernized Countries will be held to this definition in their legal systems, it's a standard. According to Blacks Law Dictionary, "currency" is a physical, tangible, tradable, object--authorized by law. Bitcoins and all other digital mediums of exchange, are not currency. |
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Meh. Banks are hacked all the time. Bitcoin helps you realize it.
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Yes you are correct. Had I not provided proof of my assumption, that bitcoins are in fact NOT currency, as legally defined, I would have committed a fallacy of begging the question--leading to circular logic. With the addition of a second begging, clearly redundant. But I do not agree that " raising the question" is an appropriate replacement regarding proper grammar. Wiki can suck it.
Are we clear that bitcoins cannot be considered "currency" as currency is defined as paper tradable from hand to hand, per Blacks definition? Should You, the human, find yourself in a legal issue using bitcoins--- this will of course, be a part of the Laws grammar.
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This begs the question, what is currency? From Blacks Law What is CURRENCY? Coined money and such bank-notes or other paper money as are authorized by law aud do in fact circulate from hand to hand as the medium of exchange. Griswold v. Hepburn, 2 Duv. (Ky.) 33; Leonard v. State, 115 Ala. SO, 22 South. 504; Insurance Co. v. Keirou, 27 111. 505; Insurance Co. v. Ivupfer, 2S 111. 332, 81 Am. Dec. 284; Lackey v. Miller, 01 N. O. 20. Law Dictionary: http://thelawdictionary.org/currency/#ixzz2onbOTlowSo....guess that settles it Edit: this begs the question. Are paper wallets considered " currency"? Lol You'll find I'm a stickler for definitions.... |
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...the past is a lesson. The future, a promise. In fact, we only have today to understand that the only time anything happens at all--is now.
Understanding this either inspires you to take action when previously you have regret, or allows you to be at peace with your choice when you made it, with all you could know, you did your best. And that is peace of mind. It also helps you build trust with yourself that you can make executive decisions....leading to a higher quality of life.
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Yes, because PayPal operates almost exactly like a bank. They are a bank. Just say it. I use PayPal, and now PayPal is a bank.
Ok then. I stand to be frozen out because of the products I sell, and bitcoin use....
But this is not the first time pp an I have danced....you need to know how to grab them by the ear and get what you need. Still, they are almost worse than a bank. At least if there's a problem at the bank, even if the screw you, there's a guy to hold accountable.....
YES! Game on, PayPal. You see, they really don't care about the mom and pop shops on ebay and etsy--- you are small change. They will just freeze your account ALL THE WHILE EARNING INTEREST ON YOUR FUNDS.
Were about to do a reversal on that institution. Mark my words.
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Your my second post here and since it's been awhile since you asked with no reply here goes:
The bitcoin market is new. To " get in" means converting your currently accepted assets to bitcoins for use. for me, I would just go and spend the 1% with coin base and call it an " investment" in bit coin. Some call this " fools tax". It's what we pay to learn, by directly using, the currency. Or, you can sell something physical you have, for bitcoins. That's what I'm doing.
As bitcoins become more accepted by both merchants and customers alike, I believe the market to " get in" using usd and converting them to bitcoins, will become competitive, mYbe free. Like it is to register with most websites like this one.
Just my .00000002
Veterans feel free to add
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Hi, I'm here to grow my business using bitcoin as main form of payment . I make glass pipes, sold from two e store retail sites , Etsy and Artfire. I plan on adding my two sites to any and all bitcoin accepted directories. That's why I'm here.....that and I do need to cram info about the protocol like Neo did in the Matrix. Without puking! Great now that's over, I'll leave with a poem  I once was used, By cloak and hood, I didn't know, The banks weren't good. But now I KNOW, I trust my loins.... People will FINALLY learn of USERY! ....by researching Bitcoin. El 14BeU6T2k6XJxGe9YAmrBjvyT4REfbQdh3 If you like my poem feel free to donate |
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