Bitcoin Forum
April 25, 2024, 05:41:21 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2014-08-13] IMF Asserts Bitcoin Not a Currency in Draft Report  (Read 783 times)
row5_seat47 (OP)
Full Member
***
Offline Offline

Activity: 226
Merit: 100


View Profile
August 14, 2014, 01:31:06 AM
 #1

International Monetary Fund Asserts Bitcoin Not a Currency in Draft Report
http://letstalkbitcoin.com/blog/post/international-monetary-fund-asserts-bitcoin-not-a-currency-in-draft-report
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!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714023681
Hero Member
*
Offline Offline

Posts: 1714023681

View Profile Personal Message (Offline)

Ignore
1714023681
Reply with quote  #2

1714023681
Report to moderator
cryptofan5
Full Member
***
Offline Offline

Activity: 126
Merit: 100


View Profile
August 14, 2014, 02:11:46 AM
 #2

Not all electronic payments involve electronic money. For instance, credit cards or debit cards are not electronic money because no monetary value is stored on them; and store cards or internet-based currency (such as Bitcoins [13] or gaming money) are not electronic money because these are not widely accepted as a medium of exchange.

What is there definition of widely accepted? Bitcoin is accepted wider then any other electronic payment method, except credit cards.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!