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Author Topic: P2P Crypto-Utility or P2P Virtual Currency?  (Read 1871 times)
cloud9
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June 07, 2011, 11:04:54 AM
 #1

Is Bitcoins an accounting utility or a currency when legally defined?

The  formal  description  of  Bitcoin  on  bitcoin.org  states  it  is  a  currency.

Is the  right  to  mobile phone network airtime a  digital  radio  wave  utility  commodity  that  enables  the  holder  of  the  right  to  communicate  voice  or  data  on  a  Network  over  vast  distances?

Is  the  cryptographic  key  pair  right  to  a  network  working  at  a  high  hash  rate  to  secure  values  attributed  to  a  key  pair  right  a  digital  utility  commodity?

In  short  -  is  Bitcoin.org  a  crypto-commodity  like  MtGox  sells  /  buys  for  fiat  currency?

Does  bitcoin.org  view  bitcoins  bought  from  someone  to  be  bartered  when  exchanged  for  goods  /  services?

Can  bitcoins  be  used  as  medium  of  exchange  in  barter  transactions  for  the  digital  age,  like  pebbles,  eggs,  salt,  gold,  mobile  airtime,  etc.,  have  been  used  in  other  ages  /  different  communities  as  medium  of  exchange  in  barter  transactions?

Or  is  bitcoin.org  proposing  a  rival  currency  to  national  currencies?

Which  of  the  above  would  be  legal  under  the  current  social  contract?

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
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billyjoeallen
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June 07, 2011, 11:30:59 AM
 #2

The  formal  description  of  Bitcoin  on  bitcoin.org  states  it  is  a  currency.

Is the  right  to  mobile phone network airtime a  digital  radio  wave  utility  commodity  that  enables  the  holder  of  the  right  to  communicate  voice  or  data  on  a  Network  over  vast  distances?

Is  the  cryptographic  key  pair  right  to  a  network  working  at  a  high  hash  rate  to  secure  values  attributed  to  a  key  pair  right  a  digital  utility  commodity?

In  short  -  is  Bitcoin.org  a  crypto-commodity  like  MtGox  sells  /  buys  for  fiat  currency?

Does  bitcoin.org  view  bitcoins  bought  from  someone  to  be  bartered  when  exchanged  for  goods  /  services?

Can  bitcoins  be  used  as  medium  of  exchange  in  barter  transactions  for  the  digital  age,  like  pebbles,  eggs,  salt,  gold,  mobile  airtime,  etc.,  have  been  used  in  other  ages  /  different  communities  as  medium  of  exchange  in  barter  transactions?

Or  is  bitcoin.org  proposing  a  rival  currency  to  national  currencies?

Which  of  the  above  would  be  legal  under  the  current  social  contract?

I didn't agree to any social contract.

insert coin here:
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Open an exchange account at CampBX: options, lowest commissions, and best security
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cloud9
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June 07, 2011, 12:30:32 PM
 #3

Are  you  not  -  if  you  live  in  a  democracy  that  determines  the  social  contract?

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
cloud9
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June 07, 2011, 12:36:04 PM
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In  which  democracies  is  barter  trade  currently  allowed?

Disclaimer:  Postings of Cloud9 are only individual views of opinion and/or musings and/or hypothesisses.  On a non-authoritative, peer-to-peer public forum, you do not need permission from Cloud9 to derive your own conclusions or opinions, so please do.  Calculations and assumptions to be verified.
kokjo
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You are WRONG!


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June 07, 2011, 12:37:58 PM
 #5

pleas don't do  double  spacing  it  annoyes  me.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
srb123
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June 07, 2011, 12:46:23 PM
 #6

The  formal  description  of  Bitcoin  on  bitcoin.org  states  it  is  a  currency.

Is the  right  to  mobile phone network airtime a  digital  radio  wave  utility  commodity  that  enables  the  holder  of  the  right  to  communicate  voice  or  data  on  a  Network  over  vast  distances?

Is  the  cryptographic  key  pair  right  to  a  network  working  at  a  high  hash  rate  to  secure  values  attributed  to  a  key  pair  right  a  digital  utility  commodity?

In  short  -  is  Bitcoin.org  a  crypto-commodity  like  MtGox  sells  /  buys  for  fiat  currency?

Does  bitcoin.org  view  bitcoins  bought  from  someone  to  be  bartered  when  exchanged  for  goods  /  services?

Can  bitcoins  be  used  as  medium  of  exchange  in  barter  transactions  for  the  digital  age,  like  pebbles,  eggs,  salt,  gold,  mobile  airtime,  etc.,  have  been  used  in  other  ages  /  different  communities  as  medium  of  exchange  in  barter  transactions?

Or  is  bitcoin.org  proposing  a  rival  currency  to  national  currencies?

Which  of  the  above  would  be  legal  under  the  current  social  contract?


Are  you  a  poorly  coded  bot   that  generates  random  questions   and  has  a glitch  that  makes  double  spaces   ??
justusranvier
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June 07, 2011, 12:49:17 PM
 #7

The Social Contract: Defined and Destroyed in under 5 mins
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