Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin a digital utility or a currency?
by
srb123
on 07/06/2011, 12:46:23 UTC
The  formal  description  of  Bitcoin  on  bitcoin.org  states  it  is  a  currency.

Is the  right  to  mobile phone network airtime a  digital  radio  wave  utility  commodity  that  enables  the  holder  of  the  right  to  communicate  voice  or  data  on  a  Network  over  vast  distances?

Is  the  cryptographic  key  pair  right  to  a  network  working  at  a  high  hash  rate  to  secure  values  attributed  to  a  key  pair  right  a  digital  utility  commodity?

In  short  -  is  Bitcoin.org  a  crypto-commodity  like  MtGox  sells  /  buys  for  fiat  currency?

Does  bitcoin.org  view  bitcoins  bought  from  someone  to  be  bartered  when  exchanged  for  goods  /  services?

Can  bitcoins  be  used  as  medium  of  exchange  in  barter  transactions  for  the  digital  age,  like  pebbles,  eggs,  salt,  gold,  mobile  airtime,  etc.,  have  been  used  in  other  ages  /  different  communities  as  medium  of  exchange  in  barter  transactions?

Or  is  bitcoin.org  proposing  a  rival  currency  to  national  currencies?

Which  of  the  above  would  be  legal  under  the  current  social  contract?


Are  you  a  poorly  coded  bot   that  generates  random  questions   and  has  a glitch  that  makes  double  spaces   ??