Is bitcoin a virtual currency, a digital currency, or both? And why does it matter?
In press reports, it’s often referred to as both. The Bangkok Post today refers to “virtual currencies including the bitcoin”, while the Toronto Star describes the collapse of a bitcoin exchange after hackers stole its “digital currency”. But digital and virtual currencies are two different things, with different behaviours.
It’s more than a semantic distinction. It’s a discussion of how a form of money functions.
March 19, 2014 at 06:02AM
