Is Bitcoin A Currency Or A Commodity? – Saifedean Ammous
“The question is: is #Bitcoin a commodity or a currency? And the related question is: is it a Store of Value or a Medium of Exchange? My answer is yes; all of the above.” – Saifedean Ammous
Lightning and
BTC Accepted
“The question is: is #Bitcoin a commodity or a currency? And the related question is: is it a Store of Value or a Medium of Exchange? My answer is yes; all of the above.” – Saifedean Ammous
The above question was asked on Nostr. Can you eat bitcoin? Absolutely not! Nor would you want to. Why would anyone want to eat their Store of Value, Medium of Exchange or Unit of Account? Nobody eats gold, oil or natural gas. Nor do they eat dimes, quarters or $100 bills. Nor do they eat … Read more
Michael Saylor “The fundamental distinction of a commodity is it’s an asset without an issuer.” “The smart money is buying Bitcoin because it is the crypto commodity network. It is the decentralized asset without an issuer. “The dumb money is buying a crypto token network which is centrally-controlled, that is an asset with an issuer.” … Read more
by Saifedean Ammous
by Satoshi Nakamoto
by Andreas M. Antonopoulos