Bitcoin in itself does not have the fundamental attributes needed to be a currency that could meet modern economic development needs, Sheng Songcheng said.Ethereum, a digital currency network that is winning over tech geeks and big companies, may soon surpass Bitcoin, its inspiration.Via Forbes: Over the past year and a half Bitcoin has been on a spectacular run, rising in value 140% in 2016 and now an additional 49% in just the past month.The bitcoin currency unit itself is similarly not created or controlled by any central party.
What Is Bitcoin? Welcome To Digital Currency - Nasdaq.com
Future of DECENTRALIZED Currency Is Not Bitcoin — Steemit
Bitcoin advocates like to claim it is on its way to becoming a widely accepted currency that ordinary people can use for daily transactions.Japan has just decided that Bitcoin is not a currency, which subjects it to sales and income taxes.This digital currency has tripled in 2017 leading some to worry that Bitcoin is getting ahead of itself.A Miami court judge has sent ripples through the cryptocurrency community in a ruling in which she said bitcoin was not real money.
Rise of Bitcoin: Is the digital currency a solution or aNewegg is the latest business to accept bitcoins, but the company is just converting them into cash - making Bitcoin more of a PayPal rival.
In fact, because of a limit on the number of transactions which can be completed in a day, it sometimes takes days to complete a simple transaction.
Bitcoin Is Money - The Epoch TimesSign Up to Get Our E-brochure on Education Opportunities in Accountancy, Finance and Business.
Florida judge: Bitcoins aren’t currency, so state money
It is widely agreed that in order for an object virtual or physical to be considered currency it has to have the following prope.
Bitcoin not a currency: tax authority - BusinessTech
Notice 2014-21 SECTION 1. PURPOSETHE controversial digital currency bitcoin has soared in value and is worth more than a nugget of gold.
Bitcoin Cash: Currency Soars to $700, Lawsuit LoomsNew York has been the most aggressive state in tackling bitcoin, introducing a BitLicense which provides a framework for bitcoin businesses.This is consistent with the view of the Canadian Revenue Service.
IRS Rules Bitcoin Is Property, Not Currency | TechCrunch
Stop thinking about is as currency and what is left to regulate.Notice 2014-21. SECTION 1. PURPOSE. example of a convertible virtual currency.A major bitcoin exchange has decided to stop selling the digital currency that was supposed to transform money on the internet.A freely traded currency is merely an economic tool that facilitates a free market.Instability in currency values mean that an investor cannot accurately predict the value of those future earnings.Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money.
Why bitcoin and its digital cousins are under increasing scrutiny.