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RE: Is Bitcoin Better Money? John Stossel interview with Naomi Brockwell
Bitcoin isn't money at all, but currency. The distinction is everything in this discussion.
Bitcoin isn't money at all, but currency. The distinction is everything in this discussion.
Right.
In the same way, gold is not money, it's a rock.
A dollar is not money, it's paper – or maybe just digital info on a computer.
If we market participants give something value, it can be used as money.