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row5_seat47 (OP)
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August 14, 2014, 01:32:08 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
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August 14, 2014, 11:35:23 PM
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Quote from: row5_seat47 on August 14, 2014, 01:32:08 AM
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


This is absolutely correct.

Bitcoin is not a currency, instead Bitcoin is a form of money. They are different.
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August 15, 2014, 12:15:47 AM
 #3
Quote from: rocks on August 14, 2014, 11:35:23 PM
Quote from: row5_seat47 on August 14, 2014, 01:32:08 AM
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


This is absolutely correct.

Bitcoin is not a currency, instead Bitcoin is a form of money. They are different.

I think bitcoin is on it's way to becoming a currency. Once it's price starts to be much more stable it will be a better store of value. Once it would be generally accepted that bitcoin is a stable store of value then it would generally be considered to be a currency.
 
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August 15, 2014, 12:31:32 AM
 #4
Bitcoin is a protocol. One of this protocol's applications has all the characteristics of currency.
You welcome IMF.
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