If I am to choose, I would choose currency because even though bitcoin has some characteristics of a commodity a larger percentage still tends towards currency. This is evidenced in any of the scenerios
1. One function of a currency would be as a medium of exchange which is something we all agree that bitcoin has satisfied that even though its not a legal tender, its being accepted as currency of exchange in a global market place. Exchange sites, peer to peer sites, the forum here, some utility sites that accepts as payments etc.
2. Another function of currency is being used as a store of value which bitcoin has proven to be on a large percentage( not totally) this is evidenced on how the price has increase significantly from what it is the previous year to what we have now. In all my vote is for currency.
Topic: Bitcoin - If you had the choice to vote - Commodity or Currency? - page 2. (Read 253 times)
Please indicate in the OP that both is not allowed. I am afraid many of the posts following mine will be the same with a couple of posts before this. This is an interesting hypothetical question. I wanna know the overall poll result, too.
I chose currency by the way. Bitcoin cannot last as a commodity primarily because its value is not reflective of something that has real value in the hard world. If the value of Bitcoin is reaching by the millions in USD, sooner or later people might finally realize that its value is actually built on sand. As a currency, Bitcoin is perfect.
I chose currency by the way. Bitcoin cannot last as a commodity primarily because its value is not reflective of something that has real value in the hard world. If the value of Bitcoin is reaching by the millions in USD, sooner or later people might finally realize that its value is actually built on sand. As a currency, Bitcoin is perfect.
I would rather choose bitcoin as commodity rather than currency, the reason because i want a simple currency for buying daily necessities. I rather pay $1 for coffee rather than having to convert so many zeros from bitcoin for it (BTC0,0000001) and just wanna be clear, seeing that kind of currency makes me having a headache. 
Oh and the other reason is because i think bitcoin price was so high to be considered as a currency (if we compared to flat currency). So i rather to treated bitcoin as commodity like gold or platinum rather than currency.
Oh and the other reason is because i think bitcoin price was so high to be considered as a currency (if we compared to flat currency). So i rather to treated bitcoin as commodity like gold or platinum rather than currency.
It is both commodity and currency for although people said or dictionary defines it as a currency while others said it is commodity. so whatever it will be , what is important to me this is a big opportunity that is being introduced to us. We are earning from bitcoin for being a commodity or a currency.
If I were to choose I will choose both. The reason is simple its because whatever bitcoin maybe a commodity or a currency I am earning from them. If only one existed then one of my online jobs will disappear but if bitcoin will remain as a currency and a commodity then I can keep both of my online jobs. It does not only apply to me but to all other people out there. So let us not choose but rather let us select both.
Ok, let's just make this clear before this trend continues. You cannot chose both, if that option is not on the ballot paper. When you vote in your general election, your ballot paper will be void/spoiled/invalid, when you draw your cross on more than one option. So for the sake of this vote, I only added two options on purpose.
I want to see what feature/function of Bitcoin is really more important to people.
If I were to choose I will choose both. The reason is simple its because whatever bitcoin maybe a commodity or a currency I am earning from them. If only one existed then one of my online jobs will disappear but if bitcoin will remain as a currency and a commodity then I can keep both of my online jobs. It does not only apply to me but to all other people out there. So let us not choose but rather let us select both.
Let's say we live in a perfect world, where citizens still made the decisions on political matters and you as an individual were given the choice to vote on a subject.
If the choice were given to you, would you vote for Bitcoin to be accepted as a currency or a commodity? Your governments wants to accept Bitcoin, but they do not want a multi-function and open defined technology. They only give two options on the ballot paper.
1. Define Bitcoin as a Currency
2. Define Bitcoin as a Commodity
You have to remember that the definition will determine the future and the taxes that would be applied to the technology. Where will you draw your X ?
Let's see what would happen, if people were given a choice.
< Both is not a option >
If the choice were given to you, would you vote for Bitcoin to be accepted as a currency or a commodity? Your governments wants to accept Bitcoin, but they do not want a multi-function and open defined technology. They only give two options on the ballot paper.
1. Define Bitcoin as a Currency
2. Define Bitcoin as a Commodity
You have to remember that the definition will determine the future and the taxes that would be applied to the technology.
Let's see what would happen, if people were given a choice.
< Both is not a option > Jump to: