Bitcoin is not a currency

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 -

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 a

Newegg 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 Times

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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. PURPOSE

THE controversial digital currency bitcoin has soared in value and is worth more than a nugget of gold.

Bitcoin Cash: Currency Soars to $700, Lawsuit Looms

New 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.

Why Bitcoin Is Doomed as a Currency -- The Motley Fool

Bitcoin - XE - The World's Trusted Currency Authority

If you own bitcoin you have an asset, but it is not a safe haven.

Why Bitcoin Is Worthless: The Definitive Guide

Bitcoin is an innovative payment network and a new kind of money.Given these drawbacks, the only reasons to own Bitcoins are not to use them as a currency, but to either speculate on their asset value or use them to shield transactions from others.

IRS Says Bitcoin Is Property, Not Currency - WSJ

This convenience is why people moved from barter to currencies (and then from metal to paper, from paper to plastic, and from plastic to electronic bits).In a historic ruling, the IRS said Bitcoin is property, not currency, and will be taxed as such.

MORGAN STANLEY: Bitcoin isn't a currency - Yahoo Finance

For comparison, over the same month, the exchange rate between the euro and the U.S. dollar had an average daily change of less than 1% and only changed 3% over the entire month.After extended deliberation, Judge Teresa Mary Pooler agreed in a ruling issued on Monday.Bitcoin is a digital currency that is not tied to a bank or government and allows users to spend money anonymously.The most important feature of a currency is that it be a stable store of value.It is not common to speak of currency as being pro or anti-war.Bitcoin is not currency, and payments received in Bitcoin will be taxed as property, according to a comprehensive briefing released Tuesday by the IRS.