Post
Topic
Board Bitcoin Discussion
Re: Biggest misconception in Bitcoin
by
sublime5447
on 08/11/2013, 22:17:01 UTC
Bitcoin is alot, and its ALSO a collectible.
Now just look what people pay for magic cards or baseball cards, stamps, old hardware, whatever, if its rare, there are people "hoarding" it Wink


Currency= a system of money

Money = store of value, medium of exchange, and UNIT of account.

Unit's are definable in objective terms and are a constant. Bitcoin is not a UNIT so it is not a UNIT of account.

It isn't currency.