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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 ·
It is redeemable for money and does serve as a currency.
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@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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@robotjini ·
You can't pay the tax collector in money either you can only pay in fiat currency.  I bought some silver from goldsilver.com with bitcoin, so it is redeemable for money(gold and silver).
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@lewy ·
Actually, the tax collector will, and must, accept money (gold and silve coin) but only at face value, not fair market value or spot value. 
What you did with goldsilver.com is barter with bitcoin. If bitcoin were redeemable it would be for the same amount today as when you thought you redeemed yours last time. No less and no more.
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