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APR 03, 2013 - Zero Hedge

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Gold, Redeemability, Bitcoin, and Backwardation

0 false 18 pt 18 pt 0 0 false false false 0 false 18 pt 18 pt 0 0 false false false I recently released a video about the Internet-based currency, Bitcoin. I asked the question: is Bitcoin money?  In brief, I said no it’s an irredeemable currency.  This generated some controversy in the Bitcoin community.  I took it for granted that everyone would agree that money had to be a tangible good, but it turns out that requirement is not obvious.  This prompted me to write further about these concepts. A human being has a physical body with ... Read More

Tags: Gold, Redeemability, Bitcoin, and Backwardation,  Futures Latest News