Post
Topic
Board Service Announcements
Re: [ANN] Tangible Cryptography suspends Bitcoin related transactions
by
crazylikeafox
on 03/06/2013, 18:11:31 UTC
Doesn't criterion 4, "Seller or redeemer of traveler's checks, money orders or stored value", pretty much fit the bill?

No.  Bitcoins have no "stored value".  There is no guarantee that a Bitcoin will be worth anything, ever, and there is no obligation on the part of any party to pay anything to a holder of a Bitcoin.  Like used collector stamps, they only have value because others will buy them (at least at the current time - it is clear that these actions are intended to chill the market by removing buyers from it).