The other interesting thing about comparing Bitcoin to the tally stick is that:
Royal tallies (debt of the Crown) also played an infamous role in the formation of the Bank of England at the end of the 17th century when these royal tallies, trading at a hefty discount of up to 60 percent, were engrafted into the Bank's capital stock
So surely if tally stick not wound up in the start of the Bank of England and they weren't backed by anything but the promise of the Monarch.
- Bitcoin is currency or commodity. Does it really matter?
- I tried to ask on another thread about whether Bitcoin would be more manipulated by derivative markets markets if it gets classified as a commodity?
- Or does it really matter if people create derivative markets on Bitcoin as a currency anyway?
And there different tax liabilities? etc
But I got shot down/abused by some strange Swiss person on the forum for having the audacity not to be able to read German!
Cheers Mark