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Author Topic: A different perspective on the accounting ledger known as Bitcoin.  (Read 869 times)
CtrlAltBernanke420 (OP)
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May 29, 2013, 06:52:40 PM
 #1

A friend tweeted this to the world today.

The argument "let's all move our fiat money into #bitcoin" is getting sillier every day. How does one move money into an accounting ledger?
DeathAndTaxes
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Gerald Davis


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May 29, 2013, 06:55:03 PM
 #2

ALL money is merely an accounting ledger.  One can't "move" fiat" into Bitcoin that would imply the supply of fiat would reduce and the supply of Bitcoin would increase.  One however can opt to exchange fiat for Bitcoin.
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