Bitcoin is not money

One of the first supporters, adopters, contributor to bitcoin and receiver of the first bitcoin transaction was programmer Hal Finney.Gold is generally not circulated as money but held for overall investment value, and it has value as a useful metal in industrial capacities.Ironically, that could provide a boost to use of the crypto-currency which has remained in the.Paper currencies have a very poor track record of lasting over time.Without proper rendering support, you may see question marks, boxes, or other symbols.A type of digital cash, bitcoins were invented in 2009 and can be sent directly to anyone, anywhere in the world.

Miami Judge Rules Bitcoin Is Not Money | [H]ard|Forum

Ironically, that could provide a boost to use of the crypto-currency which has remained in the shadows of.A court in Miami, Florida threw out criminal charges against a man being tried for illegally selling Bitcoin, stating the virtual currency cannot be classified as.Having just gotten around to reading the order granting the motion to dismiss in the proceedings of the State of Florida vs.Bitcoin was prematurely defined as money, and as the platform has grown, the folly of that definition is becoming increasingly clear.Fees are based on the storage size of the transaction generated, which in turn is dependent on the number of inputs used to create the transaction.Watching and subscribing to him would be a wise move to further your financial education, and understand where this all may lead, and where Bitcoin may fit into your future.It explains how actual inflation, as of last year, was closer to 5% than 2%.

Why Bitcoin Qualifies as Money while the Dollar is just Currency.

Bitcoin not money, judge rules in victory for backers

By using this site, you agree to the Terms of Use and Privacy Policy.The Definitive History of Bitcoin - In the aftermath of the Subprime Mortgage Crisis created the perfect storm.

Forget Gold, Bitcoin is Backed by Time - coindesk.com

Overstock raised eyebrows earlier this month when the retailer announced it would accept Bitcoin as payment.Owners of bitcoin addresses are not explicitly identified, but all transactions on the blockchain are public.

Florida Judge Rules Bitcoin is Not Money - bitcointalk.org

Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money.Because of its size and complexity, the entire blockchain is not suitable for all computing devices.People who want to see the widespread and rapid adoption of Bitcoin should not seek.

Bitcoin may be hot, but is it the right investment for you?

They also feel there is a growing need for cryptocurrency ICO transparency.Last month, a judge in Florida ruled that bitcoin should not be legally considered money, dismissing charges of money laundering against website.A Florida Judge ruled that Bitcoin is not currency in a case of money laundering.

If bitcoin is not money, then what exactly is it? : Bitcoin

It is not debt-based, nor government controlled by a private subcontractor.Bitcoin does not actually qualify as money, a Miami-Dade judge ruled Monday in throwing out criminal charges against a Miami Beach man charged with illegally selling.The recent hack of Bitcoin exchange Bitfinex is reminding everyone once again the importance of holding your own keys to secure your funds.

Bitcoin is NOT Money !! | LinkedIn

On Tuesday, bitcoin split in two, doubling the holdings of some investors.

A Florida judge has decided in favor of a bitcoin vendor charged with violating local money-laundering laws, because, she found, the cryptocurrency is not money as.

Forbes Asia. Forbes. Archived from the original on 24 October 2014.What links here Related changes Upload file Special pages Permanent link Page information Wikidata item Cite this page.According to the Buffalo News, a federal judge in New York has recommended that money-laundering charges be dropped in a local case, based on his determination that.One nugget of gold is not worth the same as another nugget of Gold.

Christina Wang. Unlike regular fiat money, however, bitcoin is not backed by any sovereign entity that can compel the.The July 22 ruling by Miami-Dade Circuit Judge Teresa Pooler means that no specific license is needed to.Bitcoin Is An Asset, Not A Currency. the only reasons to own Bitcoins are not to use them as a currency,. and make and lose money by trading them.