Whilst I am no expert in bitcoin, (ACTUALLY THIS IS MY FIRST WEEK ON THIS FORUM) and have never ever in my life seen a BITCOIN and all I know is that its this electronic currency thingy.
I pose this question as a means to find more.
CURRENT KNOWN GOOD Money or MONEY AS known to mankind from history
has the following properties, does bitcoin also have these properties?
1) It is in abundance in the market place?
Bitcoin: Yes, millions/billions in existence and more are being created each day.
2) Is it recognized and accepted by merchants?
Bitcoin: Yes, there are an increasing number of market participants and merchants accepting bitcoin.
3) Is it divisible?
Bitcion: Yes, it is divisible down to 8 decimal places.
4) Does it have a self life?
Bitcoin: Yes bitcoins can be stored indefinitely without affecting their value.
5) Was it created by GOD? (Example Silver / Gold )
Bitcoin: Well this is were I need advice. Gold and silver are considered GOOD money because it can be argued that they were made by the creator and have intrinsic value, unlike paper money which has a value assigned by man, not the creator.
I mean GOLD/SILVER have been in play since maybe after the Stone Age Era or something when we got a little more civil.
Can one ascribe creation to the prime numbers that bitcoins are based on? Is the prime number 11 any more real than a larger prime number such as 99194853094755497, both can be written in physical form, have always existed and are unique.