Re: Bitcoin - If you had the choice to vote - Commodity or Currency?
Let's say we live in a perfect world, where citizens still made the decisions on political matters and you as an individual were given the choice to vote on a subject.
If the choice were given to you, would you vote for Bitcoin to be accepted as a currency or a commodity? Your governments wants to accept Bitcoin, but they do not want a multi-function and open defined technology. They only give two options on the ballot paper.
1. Define Bitcoin as a Currency
2. Define Bitcoin as a Commodity
You have to remember that the definition will determine the future and the taxes that would be applied to the technology. Where will you draw your X ?
Let's see what would happen, if people were given a choice.
< Both is not a option >
If the choice were given to you, would you vote for Bitcoin to be accepted as a currency or a commodity? Your governments wants to accept Bitcoin, but they do not want a multi-function and open defined technology. They only give two options on the ballot paper.
1. Define Bitcoin as a Currency
2. Define Bitcoin as a Commodity
You have to remember that the definition will determine the future and the taxes that would be applied to the technology. Where will you draw your X ?
Let's see what would happen, if people were given a choice.
< Both is not a option > This is a very interesting question. If I were give the option, I would be voting Bitcoin as Currency. Simply, because it is a revolutionary currency that is open to maximise in largest adoption. Furthermore, our government should consider that it is time to think that our fiat is now a traditional payment tool. We should begin adopting blockchain technology for our fiat.