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Perhaps, but I don't see any way around it: you've got to call it something. At the moment, bitcoin is a lot more like bullion than currency: it's possible to s
by Millennium 13y ago
Perhaps, but I don't see any way around it: you've got to call it something. At the moment, bitcoin is a lot more like bullion than currency: it's possible to store and exchange raw value with it, but except in a very few cases, you're not able to walk into a store and buy something.
Laws can be changed. If Bitcoin starts acting more like a currency, then the laws can be changed to suit. Right now, it is not very currency-like, and that is unlikely to change very much in the next five years or so, and so treating it as one doesn't make a lot of sense.
- lectrick 13y ago> you've got to call it something It's not quite like anything else, so why pigeonhole it? Call it a "decentralized cryptocurrency" or just "bitcoin" or "a perfect simulation of gold in electronic form"