Post
Topic
Board Bitcoin Discussion
Re: Network-wide self-corecting mechanisms
by
kiba
on 29/07/2010, 12:55:39 UTC

BitCoin should not aspire to replace money (what is money: gold, fiat?), but aspire to replace what works as money (= the money supply, which includes credit).


Money is whatever people agree to use as a medium of exchange. Thus, bitcoins are money.