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Bitcoin Discussion
Re: Network-wide self-corecting mechanisms
by
kiba
on
29/07/2010, 12:55:39 UTC
Quote from: HZPyR8eVk on July 29, 2010, 12:33:43 PM
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.