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Author Topic: Not Just Semantics: Amazon Coin is not a Coin  (Read 685 times)
row5_seat47
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March 22, 2013, 10:51:57 AM
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Response to MarketWatch headline "With Amazon minting currency, Fed at risk Commentary: In future, good money could drive out the bad."
http://www.ecommercebytes.com/C/abblog/blog.pl?/pl/2013/3/1363914759.html
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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March 22, 2013, 11:09:21 AM
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Coin: commerce, contracts. A piece of gold, silver or other metal stamped by authority of the government, in order to determine its value, commonly called money...

Bitcoin is not a Coin.
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March 22, 2013, 11:25:25 AM
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though its BitCoin  not "Bit Coin"

they coulda done a AmazonCoin, AtoZCoin etc.
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