Quote
The first monetary system to credibly offer perfect information to all participants
How do you figure? 
Topic: Bitcoin Is: - page 2. (Read 2092 times)
15.) A global distributed computing project.
14.) A Religion
True, in an odd way.
The word "religion" is thought to be derived from religare, meaning to bind fast. The root of the form also gave us "liege", "allegiance", etc. The Sanskrit word dharma means both "law" and "religion". What we call ancient religion in Asia, Egypt and elsewhere, the people of the time would have just called law.
Everyone using bitcoins is agreeing to be bound by certain laws of mathematics. We're all economically bound to the same laws by using Bitcoin.
Historically, whoever issues the money gets treated like a minor god. The Roman emperors and the various chairmen of the Federal Reserve prove the point. The first mints were temples and the word for "money" even comes from the temple of Juno Moneta, moneta being Latin for "mint".
Bitcoin removes the temptation to godhood as there is no issuer. It might be the most revolutionary thing about the tech.
Damn...sorry for the rant.
14.) A Religion
13.) a revolutionary means of storing and accessing dynamic information.
12) a way of life
10. A color
11. An element
11. An element
9. The greatest form of peaceful protest ever devised
An amazing, revolutionary, sustainable new type of Ponzi scheme. 
8.) The first monetary system to credibly offer perfect information to all participants
a key to the cuffs
From reddit. I like #7.
Bitcoin is:
1.) a currency
2.) a distributed and verifiable public ledger
3.) a payment processing network
4.) a triple-entry accounting system
5.) a store of wealth
6.) a cryptosig creation and verification device
7.) a personal offshore bank account
If you can think of anything else that Bitcoin is, please add it.
Bitcoin is:
1.) a currency
2.) a distributed and verifiable public ledger
3.) a payment processing network
4.) a triple-entry accounting system
5.) a store of wealth
6.) a cryptosig creation and verification device
7.) a personal offshore bank account
If you can think of anything else that Bitcoin is, please add it.
Jump to: