Quote from: franky1 on February 09, 2016, 09:16:55 PM

Quote from: Sparky_eMunie on February 09, 2016, 09:06:53 PM

As reported by Bloomberg, the Commodity Futures Trading Commission has now ruled that bitcoin, the peer-to-peer digital currency, is a commodity. This means the CFTC can regulate it and punish evildoers.

https://www.equities.com/news/is-bitcoin-a-commodity-or-a-currency

well we both know how american financial commissions work.. look at their blindness around the sub-prime loans that they classed as good investments..
so i dont hold much 'water in the faith of american financial commissions.

i prefer to use logic, and understanding or the reality of things. rather than what classification sits in purely based to make the commision most profit via licences, fines, taxes and fees

Well, that's the difference between theory and reality. In theory BTC may be an asset and not a commodity, but in reality it is a commodity.

In theory a bottle of water is a harmless drink, but try to exlain that to the guys of airport security.