The founder is not from the US and the company was not started in the US. But they have of course been used in US transactions. Other/Commodity sounds about right and then at the same time, maybe not? Good question.
They could be their own category for your purposes?
"If it's not fun, it's not worth it." - KeyMan64 Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
When the "bit-coin virus" gets released into the public domain, they will be a figment of your imagination.
the same thing could happen with any bank. because we are on a fiat currency system, your bank balance is just a number on a computer.
Absolutely correct, I would imagine though that banks have a bit more security than the people that manage the bit-coin db, although I have no way to know that for certain.
I would also imagine banks have better backup strategies than tthe bit-coin "people".
Thirdly, that's why it's becoming more common for people to keep their money at home rather than in banks. There is no financial reason for banks (near zero interest) and lack of trust in the institutions.
Personally, I've buried my money in the back yard.
Any currency scheme that needs to be exchanged to be able to use to buy things is a commodity. Euros are a commodity here in the US, as is all other currencies not accepted for payment in the US. Gold is a commodity as well. Those who think of it as a currency must go to "Gold-land" to spend it without exchanging it to dollars first. Those who want to use bitcoin as a currency have to buy things where bitcoin is accepted, but you still have to convert it to dollars to "cash out".
Any currency scheme that needs to be exchanged to be able to use to buy things is a commodity. Euros are a commodity here in the US, as is all other currencies not accepted for payment in the US. Gold is a commodity as well. Those who think of it as a currency must go to "Gold-land" to spend it without exchanging it to dollars first. Those who want to use bitcoin as a currency have to buy things where bitcoin is accepted, but you still have to convert it to dollars to "cash out".
I tend to think of gold as a store of value as opposed to a currency or commodity.
In effect, gold maintains a similar value over the ages. The same (or similar) number of ounces of gold can buy a similar amount of "stuff" regardless which era you look. Sure, there are dips and peaks, but over time it averages out to be the value that stays pretty steady.
They are privately made tokens, no different than the millions of tokens that have been produced over the years. I have never spent a bit-coin, so that process remains a mystery to me.
Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
They are tokens, but each token has a key assigned to it (usually under a safety sticker). So lets say you have a 1 BTC token. If you wanted you could input the key into a bitcoin wallet and now you are able to spend the coin. There are bullion dealers that take BTC for payment.
It is not exactly cheating, I prefer to consider it creative problem solving!!!
Originally posted by: LanLord When the "bit-coin virus" gets released into the public domain, they will be a figment of your imagination.
the same thing could happen with any bank. because we are on a fiat currency system, your bank balance is just a number on a computer.
Absolutely correct, I would imagine though that banks have a bit more security than the people that manage the bit-coin db, although I have no way to know that for certain.
I would also imagine banks have better backup strategies than tthe bit-coin "people".
Thirdly, that's why it's becoming more common for people to keep their money at home rather than in banks. There is no financial reason for banks (near zero interest) and lack of trust in the institutions.
Personally, I've buried my money in the back yard.
Bitcoin has an entire public ledger of transactions which has a number of fail safes.
When the "bit-coin virus" gets released into the public domain, they will be a figment of your imagination.
the same thing could happen with any bank. because we are on a fiat currency system, your bank balance is just a number on a computer.
Absolutely correct, I would imagine though that banks have a bit more security than the people that manage the bit-coin db, although I have no way to know that for certain.
I would also imagine banks have better backup strategies than tthe bit-coin "people".
Thirdly, that's why it's becoming more common for people to keep their money at home rather than in banks. There is no financial reason for banks (near zero interest) and lack of trust in the institutions.
Personally, I've buried my money in the back yard.
Bitcoin has an entire public ledger of transactions which has a number of fail safes.
also, you can download your bitcoin to a paper wallet and bury it in your backyard.
Comments
But I don't know if they are 1's or 0's?
some 'hard copies'...Cheers, RickO
When the "bit-coin virus" gets released into the public domain, they will be a figment of your imagination.
the same thing could happen with any bank. because we are on a fiat currency system, your bank balance is just a number on a computer.
They could be their own category for your purposes?
Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners.
When the "bit-coin virus" gets released into the public domain, they will be a figment of your imagination.
the same thing could happen with any bank. because we are on a fiat currency system, your bank balance is just a number on a computer.
Absolutely correct, I would imagine though that banks have a bit more security than the people that manage the bit-coin db, although I have no way to know that for certain.
I would also imagine banks have better backup strategies than tthe bit-coin "people".
Thirdly, that's why it's becoming more common for people to keep their money at home rather than in banks. There is no financial reason for banks (near zero interest) and lack of trust in the institutions.
Personally, I've buried my money in the back yard.
Any currency scheme that needs to be exchanged to be able to use to buy things is a commodity. Euros are a commodity here in the US, as is all other currencies not accepted for payment in the US. Gold is a commodity as well. Those who think of it as a currency must go to "Gold-land" to spend it without exchanging it to dollars first. Those who want to use bitcoin as a currency have to buy things where bitcoin is accepted, but you still have to convert it to dollars to "cash out".
I tend to think of gold as a store of value as opposed to a currency or commodity.
In effect, gold maintains a similar value over the ages. The same (or similar) number of ounces of gold can buy a similar amount of "stuff" regardless which era you look. Sure, there are dips and peaks, but over time it averages out to be the value that stays pretty steady.
They are World coins...
ZeroHedge makes debut at White House press corps briefing
When the "bit-coin virus" gets released into the public domain, they will be a figment of your imagination.
the same thing could happen with any bank. because we are on a fiat currency system, your bank balance is just a number on a computer.
Absolutely correct, I would imagine though that banks have a bit more security than the people that manage the bit-coin db, although I have no way to know that for certain.
I would also imagine banks have better backup strategies than tthe bit-coin "people".
Thirdly, that's why it's becoming more common for people to keep their money at home rather than in banks. There is no financial reason for banks (near zero interest) and lack of trust in the institutions.
Personally, I've buried my money in the back yard.
Bitcoin has an entire public ledger of transactions which has a number of fail safes.
Choice Numismatics www.ChoiceCoin.com
CN eBay
All of my collection is in a safe deposit box!
When the "bit-coin virus" gets released into the public domain, they will be a figment of your imagination.
the same thing could happen with any bank. because we are on a fiat currency system, your bank balance is just a number on a computer.
Absolutely correct, I would imagine though that banks have a bit more security than the people that manage the bit-coin db, although I have no way to know that for certain.
I would also imagine banks have better backup strategies than tthe bit-coin "people".
Thirdly, that's why it's becoming more common for people to keep their money at home rather than in banks. There is no financial reason for banks (near zero interest) and lack of trust in the institutions.
Personally, I've buried my money in the back yard.
Bitcoin has an entire public ledger of transactions which has a number of fail safes.
also, you can download your bitcoin to a paper wallet and bury it in your backyard.