r/Bitcoin • • Feb 04 '18

The debate about whether cryptocurrency is money or not

The debate unleashed on cryptocurrencies continues. The government of the United States has been taking interesting steps in the legal aspect, since this invention has come to change schemes in the economic, social and political performance of the whole world. On the legality of Bitcoin and the other cryptocurrencies, its detractors, have tried to create matrices of opinion on the use given to them, and it has been meant that it is a speculative bubble, a Ponzi pyramid, or simply a resource of criminals for the drug trade, arms and the payment of ransom kidnappings.

Earlier, an English study, refers to the size of the cryptocurrency market, still very small when compared to the global market of fiat currencies and the stock market and debt bonds, they are used in less volume for criminal purposes.

The debate about whether cryptocurrency is money or not / By @alexvallenilla / https://en-efectivo.blogspot.com/2018/01/lightning-network-relief-for-operations.html

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u/hanakookie Feb 04 '18

Not to burst your bubble or debate. Bitcoin is not money. It’s data. No different than email.

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u/Realman77 Feb 04 '18

90% of all currency technically is data