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 > I would vote for Bitcoin as a currency as it offers quite a bit more security for my hard-earned "money" with its decentralization than regular centralized banking.