Post
Topic
Board Economics
Re: Regression theorem & Bitcoin revisited
by
xxjs
on 29/01/2013, 20:33:25 UTC
You definitely have to define bitcoin as money. It has all the required features, and it is used in exchanges.
That's not a good reason to classify bitcoin as money. Bitcoin has additional features that money lacks. We don't have a word for it yet but what ever Bitcoin is, money is a subset of that.

We have words.

Compared to paper fiat:

Possible to transfer over the net. Smiley
Can be backed up. Smiley
You need a computer Sad

What kind of properties does bitcoin have that makes it not money?