Is Bitcoin Money? Florida Judge to Decide
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the underlying issue is why is this a case? well, we live in a police state that goes out of it's way to stick it's nose into the dealings of private individuals, and makes illegal activities that happen everyday. selling goods wouldn't be illegal under florida law (so this comes down to an entrapment test case), but under fed law it is a tax evasion. either way, the officer (undercover) SOUGHT OUT this interaction, with the blessing of the state. it is legal to pretend to commit a felony, or to pretend to be willing to commit a crime, to make criminals out of other citizens, so long a you have a badge.
Tell the judge that I, Satoshi Nakamoto do not wish the trouble that follows if btc is recognized as money. I am quite ok with it being recognized as commodity which is already the case.
Regards.
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We need more topical discussion threads like this. But this is not particularly timely. The news post is close to a month old.
On the other hands this directly impacts everyone in the cryptocoin and virtual currency space. To my mind money is anything you can trade directly for goods and services without resorting to a middleman to handle the conversion.
In this regard, money is more of a local thing than a global thing. With the exception of bitcoin and a handful of altcoins there is no "global" money, only commodities.
For example, if you're from Europe and visiting the USA then your Euros are not money because you need to exchange them to dollars before you can spend them.
But your Visa and Mastercard are.
But why would we need more money
can't they just leave it be what it is.
an uncontrollable asset to move around value online.
what would a currency tag could be of any good for bitcoin if not just a straight forward downgrade.