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The word is very special to this law as it is the core word defining "Digital Currency": >“Digital currency” means any digital representation of value You can
by jsprogrammer 10y ago
The word is very special to this law as it is the core word defining "Digital Currency":
>“Digital currency” means any digital representation of value
You can't classify something as digital currency without knowing what value means or how to measure it.
- dragonwriter 10y ago> The word is very special to this law as it is the core word defining "Digital Currency": It may be important to this law, but that doesn't mean that it is used specially (as in, in any but its most contextually-obvious general-use sense) in the law. I mean, the meaning of "is" is also very important to the meaning of most laws, but is rarely defined in the enactment. > You can't classify something as digital currency without knowing what value means True, but that doesn't take a non-standard, law-specific definition. > or how to measure it. Untrue -- quantification of value is not relevant to the definition.
- jsprogrammer 10y agoIf you show me a method of quantification, I can derive the definition. Value is being discussed (even though you appear to be using an unrevealed definition) as a quantity (maybe, I am wrong, and it is not a quantity), which means there must be a way to quantify it.
- comex 10y agoAre you seriously trying to argue that Bitcoin is not a representation of value, or are you merely suggesting that there might be more ambiguous cases?
- jsprogrammer 10y agoI'm saying my coins were mined and only represent a solution to a vey specific problem. For someone to claim that the numbers I hold represent something else, is an error.