On 21/08/14 23:57, Frank O'Connor wrote:
> ... Bitcoin and its competitors ... I look at them basically as a
> currency stockmarket or bookmaker who deals in money movements ...
An Australian dollar is not much different to a Bitcoin: it is only
worth whatever someone will exchange it for.
> Wh
"It is important that model emerges as a result of extensive consumer
trials and from endless communication between consumers and working
professional, because the health of our democracy is so dependent on a
strong and independent media."
It just so happens that I'm making just such a thing for j
On 25/08/14 01:27, Tom Worthington wrote:
> On 21/08/14 23:57, Frank O'Connor wrote:
>
[]
>> And no government in their right mind is going to accord them the
>> status of a legal 'currency'. That power they will always prefer to
>> keep to themselves. ...
>
> Governments are not the only ones iss
Tom Worthington wrote:
> An Australian dollar is not much different to a Bitcoin: it is
only worth whatever someone will exchange it for.
No. This might be kind of true for the individual at a particular moment
but it is not true from a system perspective, or over time. Australian
dollars are
At 11:31 AM 25/08/2014, Brendan wrote:
>I find the categorisation of Bitcoin as an asset a little odd.
>Barter systems typically rely on things of inherent use value. I'd
>be intrigued to know where they locate it - ie a number - for tax purposes.
The strange thing about this is saying it attr
