of course size matters, but you could have the biggest pile of cash on the block, if its not hard, its not as useful.
Unless your capable of using it in limp
Topic: Bitcoin is 'hard' digital money (Read 1409 times)
of course size matters, but you could have the biggest pile of cash on the block, if its not hard, its not as useful.
Unless your capable of using it in limp
of course size matters, but you could have the biggest pile of cash on the block, if its not hard, its not as useful.
of course size matters, but you could have the biggest pile of cash on the block, if its not hard, its not as useful.
size and technology
it goes something like that
Bitcoin: "I'm hard and my market cap is getting larger"
hard money rocks!
Hard is good.
The May Scale of Money Hardness and BitCoin
http://stakeventures.com/articles/2012/03/07/the-may-scale-of-money-hardness-and-bitcoin
This tickles me.
When talking about Bitcoin with people who are unfamiliar with it, the obvious comparisons to other digital currencies and value transfer systems come up.
It may seem like a minor point of terminology - but to refer to bitcoin as a 'hard' money due to it being irreversable and unconfiscable versus 'soft' molestable systems like Paypal is a good way of emphasizing the distinction.
People understand the 'hardness' of cash - so it makes sense to apply it to bitcoin in this sense.
Perhaps this little bit of spin terminology has come up before - but it escaped me!
edit: indeed, when I search for 'hard money' and bitcoin it does come up. Well - it seems like a meme worth spreading.
As pointed out by someone in the comments of the article, 'hardness' is already ranked against various payment methods on the bitcoin wiki: https://en.bitcoin.it/wiki/Payment_methods
http://stakeventures.com/articles/2012/03/07/the-may-scale-of-money-hardness-and-bitcoin
This tickles me.
When talking about Bitcoin with people who are unfamiliar with it, the obvious comparisons to other digital currencies and value transfer systems come up.
It may seem like a minor point of terminology - but to refer to bitcoin as a 'hard' money due to it being irreversable and unconfiscable versus 'soft' molestable systems like Paypal is a good way of emphasizing the distinction.
People understand the 'hardness' of cash - so it makes sense to apply it to bitcoin in this sense.
Perhaps this little bit of spin terminology has come up before - but it escaped me!
edit: indeed, when I search for 'hard money' and bitcoin it does come up. Well - it seems like a meme worth spreading.
As pointed out by someone in the comments of the article, 'hardness' is already ranked against various payment methods on the bitcoin wiki: https://en.bitcoin.it/wiki/Payment_methods
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