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> I can't directly take bitcoins or gold or copper and purchase anything at my local wal-mart. You can't do that with Euros, either (assuming you're in the US,
by thedufer 13y ago
> I can't directly take bitcoins or gold or copper and purchase anything at my local wal-mart.
You can't do that with Euros, either (assuming you're in the US, otherwise s/Euros/USD/). But that's obviously closer to cash than commodity.
There are merchants that accept bitcoins in return for goods. You're just purposefully avoiding them in your argument.
- oijaf888 13y agoThere are merchants that accept gold in return for goods too, but we don't consider all gold transactions to be money transfers do we?
- thedufer 13y agoMy point was not that bitcoin is a currency. I happen to believe that, but I didn't argue that. My argument was that the definition you were using in order to show that bitcoin isn't a currency was flawed.