Post
Topic
Board Economics
Re: I know Gold and Silver are money. Is Bitcoin money?
by
teukon
on 26/03/2014, 12:24:08 UTC
You forgot the most important property - scarcity.

We've already got enough properties to ensure that nothing satisfies the definition.

Gazillions of crypto 'currencies' can be created at basically no cost, having identical properties and serving the same function as bitcoin.

Stating that a clonecoin can serve the same function as Bitcoin is like claiming that "telti" can serve the same function as the word "water".