Quote from: hugolp on September 23, 2010, 05:01:19 AM

Quote from: theymos on September 21, 2010, 05:50:17 PM

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

Bingo!

While some people call bitcoin a "currency", it is not a currency of real meaning because it is not issued by the monetary authorities and does not have the monetary properties of legal compensation and mandatory. In nature, bitcoin is a certain kind of virtual commodity, which does not have the legal status of equivalent to the currency, and cannot and should not be used as money in the market.

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