18 Jun '13, 2pm

Refuting the ECB - The 9 Characteristics That Make #Bitcoin #Money

Refuting the ECB - The 9 Characteristics That Make #Bitcoin #Money

While it is difficult to refute their exact points since the soundtrack is not included, it does raise an interesting question of how the properties of bitcoin compares to fiat and gold. There are nine distinct characteristics of money: scarce, durable, portable, divisible, easy to recognize, easy to store, fungibile, hard to counterfeit, and widespread use. At first glance, bitcoin has a significant advantage over fiat currencies and gold in many of these, and this will be even more obvious after a further examination.

Full article: http://www.thegenesisblock.com/refuting-the-ecb-the-9-cha...

Tweets

Why Bitcoin is on the money via @Telegraph

telegraph.co.uk 24 Jun '13, 8pm

BitCoins are "mined" by peers in the BitCoin network, who apply computing power to solve complex mathematical problems. Th...

At Coin Week: BITCOIN VS. GOVERNMENT-ISSUED FIAT... #AlDoyle #FeaturedNews #NumismaticTech #bitc…

At Coin Week: BITCOIN VS. GOVERNMENT-ISSUED FIA...

coinweek.com 22 Jun '13, 12pm

What backs these monetary units? Algorhythms might appeal to geeks and techies, but it’s essentially the same hot air that...

Can Bitcoin make peace with Washington?

Can Bitcoin make peace with Washington?

washingtonpost.com 17 Jun '13, 1pm

Comments Tweet More Federal regulators are increasingly paying attention to Bitcoin, the decentralized virtual currency. L...

Bitcoin is over.

nymag.com 20 Jun '13, 4pm

Bitcoin isn't quite like a traditional currency. Even if the pieces of the Bitcoin infrastructure that intersect with the ...

Time is money so I went and bought a Rolex

twitter.com 21 Jun '13, 1am

When you tweet with a location, Twitter stores that location. You can switch location on/off before each Tweet and always ...

Video: Erik Voorhees - The Role of Bitcoin as M...

youtube.com 22 Jun '13, 1pm

Close Your browser is not supported by YouTube and it needs to be updated. Learn more . Erik Voorhees - The Role of Bitcoi...

We Make More Money than your crack dealer. Find...

equitysense.com 22 Jun '13, 10pm

Took my classes with Mike L. I learned so much in those 4 weeks. Thank you for being so kind and patient. I am now consist...

Yeah, it happened… London Opens first Bitcoin Pub

Yeah, it happened… London Opens first Bitcoin Pub

thefourohfive.com 18 Jun '13, 10am

That London. They're always trying to stay ahead of the curve with their high speed internet and massive fairground wheel,...

Easy ways to make Paypal money fast - Black Hat...

blackhatworld.com 22 Jun '13, 8pm

Writing is a good way. There are a few sites that pay you by your writing level. So if you can write well you can get paid...

Bitcoin transactions taxable, says GAO by @Ben_...

thehill.com 17 Jun '13, 9pm

Some transactions involving bitcoin and other virtual currencies are subject to federal taxes, the Government Accountabili...