The exhale and snicker with relief that, for now, bitcoiners get away with because a judge ruled that its chits should not be called money seems at best disingenuous. It's like a presidential contender celebrating his commitment to gender justice by bashing every woman in site. No one believes the plea. And in the long term, the results are hardly going to be as settling as the happy crowds suggest.
Pretending that bitcoin is NOT money comes across as a case of trying to play and rig the system at the same time. It's a lot like an effort to stack the worth of one's golden coins and deluding one's self into believing these piles will never tumble. Rather transparently wrong and self-serving.
As I’ve mentioned before, I’m hardly an expert on the technology of cybercurrency, thus not an expert on all of the intricacies that MIGHT go into a legal argument. But I don't believe I need to be to recognize the bad move this decision portends.
Then again, in reality, this site exists because of the pending blockchain tsunami (the Blockchain Revolution as it has been smartly called) not because of coinage arguments, no matter whether in the shape of bits or bytes or any other kind of tender.
The BlockChain Society we envision seeks to cash in on how the chained together existence and decentralized nature of a node-based society bodes well for the building of a healthier, smarter, more empowering society. The money is even a bit of a necessary distraction, necessary mostly because it would be nice to have some rich and powerful looking our way.
So let's agree to agree that everyone accepts that Bitcoin is money and it needs to be accepted as such. It will go nowhere pretending otherwise. Not to mention that failing to do so will generate ungodly degrees of cognitive dissonance among the banking types who are already all over these ... things ... called bitcoins!
It's better to simply start working towards monetary compliance. I for one don’t want you distracted by a small issue like this when the real work of blending the values of profit and purpose into a new and better Blockchain Society lies just ahead around the bend of the river of change.
[NOTE: For those interested, I just started creating a CrowdRise site for soliciting business backing. You got it, for money. That site doesn't accept bitcoins. I have to deal with this just as I have to learn how to collect them, but that doesn't mean we should hold up on building the foundation for our better society. Should one of you desire to exhibit her or his charitable side, in hopes of the promise of future ROIs ... https://www.crowdrise.com/bcvesting----impact-based-blockchain-investments]








