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RE: As Bitcoin Closes In On My $5000 Target Price, Remember "You Aint Seen Nothin Yet." By Gregory Mannarino by robotjini

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· @robotjini ·
Bitcoin is currency not fiat currency.  For it to be fiat currency it would have to be issued and backed by a government.
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@lewy · (edited)
Well then by that definition, Bitcoin is not a currency at all. For it to be a currency, it would have to serve as money and be redeemable for the money.
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@robotjini ·
It is redeemable for money and does serve as a currency.
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vote details (2)
@lewy ·
Who's money is it redeemable for and what is the standard unit of value of that money? And where can I go to redeemit at?  Maybe it serves as a currency in some country, I don't know, but the county tax collecter does not accept them for payment here in California. They do accept federal reserve currency as well as lawful money.
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