255. Is bitcoin a currency or a commodity?
The Bitcoin Standard Podcast
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Bitcoin: Currency or Commodity?
This chapter explores the classification of Bitcoin, debating whether it is more accurately defined as a commodity or a currency. The speakers discuss the fundamental characteristics of money, emphasizing the importance of stability and scarcity in its effectiveness as a medium of exchange. Through engaging analogies, they illustrate the challenges of using everyday items as currency and position Bitcoin as a superior alternative in the modern monetary landscape.
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