4 ms·

"Bitcoin: A peer to peer electronic cash system" is not a currency. That's some mental gymnastics.

• MerelyMortal 5y ago
  I'm not arguing one way or the other about Bitcoin, but just pointing something out in general: marketing/slogans/etc aren't always accurate. Regardless of the item, mental gymnastics are not required to understand that. Edit: marketing/slogans/subtitles/bylines/etc
  • eterm 5y ago
    That's not a marketing slogan, it's the title of the paper that launched bitcoin.
    • b112 5y ago
      Titles may also be marketing slogans.
• fennecfoxen 5y ago
  That’s the uncomfortable facts to the aspirational blather. It’s a poor enough medium of exchange that people go off-chain even when they do take payments with it, it’s an unreliable store of value subject to wild price fluctuations, and if you think anyone in their right mind would use it as a unit of account imagine a mortgage debt denominated in bitcoin and the possibility of owing 10x what the house is worth if the coin goes up. 1 of the 3 economic roles of “money” is partially fulfilled. If that’s still a currency, so is the Confederate dollar.