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Michael Saylor: Bitcoin is Fire or Electricity

Coin Stories

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The Most Conser Ative Accounting Treatment

I think on the balance sheet side, the most important thing would be o the accounting treatment. Right now, accounting isn't kept up with the rate of technology advance. A year ago, you couldn't find any public companies that owned ten million dollars worth of digl assets. The current accounting treatment is to treat vigial assets as an indefinite and intangible. I think they'll bill bitcoin into the google, pay apple, pay in the facebook, because they need to do that to compete with pay pal in square cash.

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