Abstractly Represented Money: Introducing Metamoney
Part of this article appears in Issue 20. In his pocket, Joe has an old leather wallet. It contains enough banknotes to buy him a brand new wallet of a better model he saw in a magazine. This buying power is exclusive to him, who alone can use those bills to buy something. Likewise, if he transfers them to another person, then instead of him, only this....
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The question of whether Bitcoin can be considered “money” from both a legal and tax perspective in the United States has been in the news a great deal recently, especially with multiple Judges ruling that Bitcoin was indeed money and the Internal Revenue Service (IRS) seeming to contradict the courts with a stance that deems Bitcoin as property. The latest chapter comes again from Texas and Federal Magistrate Judge Amos L. Mazzant. The case was filed against Bitcoin Savings & Trust founder Trendon T. Shavers, who is accused by Federal prosecutors of running a Ponzi scheme using Bitcoin.....
In collaboration with Glassnode, Bitcoin Magazine is introducing more Bitcoiners to the world of on-chain analytics.
Introducing Bitcoin to the family is no easy task. The same goes for close friends and sometimes even your partner. The discussions can be daunting and sometimes fall to the wayside. Some even find their way into ridiculous theories of absurdity. Why is it so hard to explain Bitcoin to others? Most likely it is because people don’t understand the concept....
Centralized finance is represented by the traditional money markets which work through a system of banks, institutions, brokers and at the head of the chain is the Federal Reserve or your regional Central Bank, which makes decisions on behalf of your country or region as to what its monetary policy should be. This is very […]
February 20, 2016 – Coinbase CEO Brian Armstrong reacts, along with various bitcoin developers, as well as the Co-Founder of Blockstream to the 18-hour long “Consensus Roundtable” that disbanded today in Hong Kong. The roundtable members represented a majority of bitcoin mining hashpower, with members representing the bitcoin development and exchange community noticeably under-represented. The response from these communities has been overwhelmingly negative to the resolutions outlined in the closed-door meeting.