7 ms·
I appreciate your response but I'm not really sure it made anything clearer for me. It just created four more questions:) 1. Backed by a physical entity? In th
by dfc 15y ago
I appreciate your response but I'm not really sure it made anything clearer for me. It just created four more questions:)
1. Backed by a physical entity? In this context I always thought backed by a physical entity meant backed by gold/silver/wampum.
2. I appreciate the "something from a company" versus p2p however this seems like a conceptual difference. I am interested in the legal ramifications of this conceptual difference.
3. MS points are traded on secondary markets (10th prestige lobby anyone?).
4. In regards to trading/selling what is the difference between buying a 2000 ms point card on amazon and buying 10 btc on mtgox/tradehill/ruxum/campbx?
- inportb 15y agoI suppose bitcoin is supposed to be a currency rather than commodity; so you would not buy 10 btc, but you'd trade other forms of currency for it, or buy/sell goods using it. I think it's only a conceptual difference, because it's all just trade.