Topic: Bitcoin should be legal currency or intangible property? - page 2. (Read 1541 times)
Bitcoin is not a property, is not gold (no gold 2.0), is not a national/foreign currency. it is a digital currency, period. If we find a way to teletransport things from a point A to a point B, only politicians will be discussing if the teletransporter shold be consider a train, an airplain or a car. It is just something new that doesn't fit in preexisting categories.
I see part of the problem as that it's very hard to call it a currency legally without calling it legal tender. States would only want one legal tender. It's probably impossible to put "legal" and "currency" on the same page of text without some lawyer managing to get an interpretation that says it meant it was legal tender.
Historically, all private currencies have been treated like this, as barter coupons, like this lot..
http://en.wikipedia.org/wiki/List_of_community_currencies_in_the_United_States
Historically, all private currencies have been treated like this, as barter coupons, like this lot..
http://en.wikipedia.org/wiki/List_of_community_currencies_in_the_United_States
Because of the global and decentralized nature of Bitcoin, it can never be considered as a legal tender or 'normal currency'. But, that was not, is not and will never be a problem for Bitcoin. As Andreas says, it is programmable money, the first of its kind.
Yesterday i found this article:
http://cointelegraph.com/news/113075/new-york-state-bitcoin-is-intangible-property-
At first I thought it was good news, but then I thought that the goal should be Bitcoin like a normal currency ..
What do you think about that?
http://cointelegraph.com/news/113075/new-york-state-bitcoin-is-intangible-property-
At first I thought it was good news, but then I thought that the goal should be Bitcoin like a normal currency ..
What do you think about that?
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