Bitcoin Forum
December 05, 2016, 08:37:28 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Virtual Currency being called Digital Currency and vice-versa  (Read 968 times)
Stephen Gornick
Legendary
*
Offline Offline

Activity: 1988



View Profile
December 14, 2010, 05:20:24 AM
 #1

The recent PC Word article described Bitcoin as a "decentralized virtual currency".  I believe the description would have been more correct if the term used was "digital currency", as Bitcoin's FAQ describes it.

I then read about Facebook Credits which were labeled as "digital currency".
  http://www.variety.com/article/VR1118028888?refCatId=1009
Facebook Credits can accumulate but funds are one way, they can only be spent within facebook (e.g., on e-cards and for Farmville Cash).

  Is this a mis-use of the term digital currency, or is there a blurring of the line between the two.

1480927048
Hero Member
*
Offline Offline

Posts: 1480927048

View Profile Personal Message (Offline)

Ignore
1480927048
Reply with quote  #2

1480927048
Report to moderator
1480927048
Hero Member
*
Offline Offline

Posts: 1480927048

View Profile Personal Message (Offline)

Ignore
1480927048
Reply with quote  #2

1480927048
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480927048
Hero Member
*
Offline Offline

Posts: 1480927048

View Profile Personal Message (Offline)

Ignore
1480927048
Reply with quote  #2

1480927048
Report to moderator
1480927048
Hero Member
*
Offline Offline

Posts: 1480927048

View Profile Personal Message (Offline)

Ignore
1480927048
Reply with quote  #2

1480927048
Report to moderator
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
December 14, 2010, 05:22:44 AM
 #2

What's the difference between virtual and digital goods?

FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
December 14, 2010, 05:38:02 AM
 #3

There is virtually no difference imo.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
jgarzik
Legendary
*
Offline Offline

Activity: 1470


View Profile
December 14, 2010, 09:50:15 PM
 #4

To a lawyer, I would describe bitcoin as a digital commodity.

To a layman, I would describe bitcoin as digital cash.

Jeff Garzik, bitcoin core dev team and BitPay engineer; opinions are my own, not my employer.
Donations / tip jar: 1BrufViLKnSWtuWGkryPsKsxonV2NQ7Tcj
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!