agentbluesceen, I apologize if I was excessively flippant, but I do believe that your credit-based definition of a bitcoin unit is wholly incorrect. However, many people have been confused about its status, partly because bitcoins are/have been evolving into money as an organic process since 2009.

I urge you to take the time to read the following thesis which considers the term "commodity-money", but recognizes that bitcoin is on the road to becoming a fully-fledged currency.

http://dev.economicsofbitcoin.com/mastersthesis/mastersthesis-surda-2012-11-19b.pdf

In fact I think it has reached the point where it is clearly a powerful new type of money with inbuilt currency and payments systems.