Commodity barter is legal—so is BitCoin
BitCoin was legal at creation; commoditizing data with protocol rules violates no laws—anymore than inventing the container, John Pitts writes.
BitCoin was legal at creation; commoditizing data with protocol rules violates no laws—anymore than inventing the container, John Pitts writes.
BitCoin gets its value similar to how gold and silver got their value, but with one very important difference, John Pitts writes.
Like the Wright Flyer of 1903, BitCoin is an incredible elegant invention which is one of the greatest creations of our era, and possibly THE greatest, John Pitts writes.
In his latest post, John Pitts discusses how the Bitcoin network provides a commodity marketplace for computation.
John Pitts explains why a commoditized computation like Bitcoin doesn’t go away.