Article View: alt.folklore.computers
Article #620322Re: Bitcoin confusion?
From: Peter Flass
Date: Fri, 09 Feb 2018 23:43
Date: Fri, 09 Feb 2018 23:43
33 lines
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3090 bytes
Dave Garland <dave.g...@wizinfo.com> wrote: > On 2/7/2018 8:39 PM, John Levine wrote: >> In article <p5g9ut$oks$1...@dont-email.me>, >> Dave Garland <dave.g...@wizinfo.com> wrote: >>>> You can't pay taxes in bitcoin, therefore it isn't money. >>> >>> You're not allowed to send them cash, so that's not money either? >> >> My town and village are delighted to accept tax payments in cash. If >> you have some you don't want, I'd be happy to come pick it up. > > Your town and village, maybe. Try that with the feds, who're the ones > that minted it. UK pound notes are money, even though I can't pay my > taxes with them. The Venezuelan bolivar is money, even though not even > Venezuelans want it as payment. > >> >> In case it's not obvious, the definition of money has always been kind of >> fuzzy, but Bitcoin is lightyears outside the fuzz. > > I'd say the essence is that money is a symbolic medium of exchange. > Some versions are more stable, convenient, or useful than others. > Bitcoin ranks low on stability and convenience. But it's > nation-agnostic, which might be useful. It's a really interesting > concept. But I wouldn't personally attempt to store value with it. > As I understand it, bitcoin transactions are not trackable in the way that currency transactions thru banks are. That is the big advantage in a lot of cases. -- Pete
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X-Received: by 10.200.82.7 with SMTP id r7mr3241887qtn.8.1518219831340; Fri, 09 Feb 2018 15:43:51 -0800 (PST) X-BeenThere: alt.folklore.computers@googlegroups.com Received: by 10.55.162.193 with SMTP id l184ls4956703qke.13.gmail; Fri, 09 Feb 2018 15:43:50 -0800 (PST) X-Received: by 10.55.73.206 with SMTP id w197mr3463462qka.37.1518219830736; Fri, 09 Feb 2018 15:43:50 -0800 (PST) Path: mbox-mo1.pugleaf.net!h12ni655qte.0!nntp.google.com!peer02.iad!feed-me.highwinds-media.com!news.highwinds-media.com!feeder.usenetexpress.com!feeder-in1.iad1.usenetexpress.com!news.albasani.net!eternal-september.org!feeder.eternal-september.org!reader02.eternal-september.org!.POSTED!not-for-mail From: Peter Flass <peter...@yahoo.com> Newsgroups: alt.folklore.computers Subject: Re: Bitcoin confusion? Date: Fri, 9 Feb 2018 16:43:48 -0700 Organization: A noiseless patient Spider Lines: 33 Message-ID: <1538232378.539879513.307552.peter_flass-yahoo.com@news.eternal-september.org> References: <p5acdd$1gt3$2@gal.iecc.com> <5mim7ddobt5g6mfojg67kbiup535sov3h3@4ax.com> <20180207201946.3b0be04e25a5e171a238de24@eircom.net> <p5g9ut$oks$1@dont-email.me> <p5gd9n$1dma$1@gal.iecc.com> <p5ibhd$s9d$1@dont-email.me> Mime-Version: 1.0 Injection-Info: reader02.eternal-september.org; posting-host="3ad1e0e6cdc8a4911edeed6276f877a5"; logging-data="20415"; mail-complaints-to="ab...@eternal-september.org"; posting-account="U2FsdGVkX1/g/fqatwbEI2n4+FIgYM6j" User-Agent: NewsTap/5.3.1 (iPad) Cancel-Lock: sha1:eVxWAYGeovutf+50yDPiB5q2yKs= sha1:VFC3QyszyTK+/K7RhUS/DeWe8pE= X-Received-Bytes: 2563 X-Received-Body-CRC: 166942032 Content-Type: text/plain; charset=UTF-8 Content-Transfer-Encoding: 7bit