Basque Philosopher avatar

A Philosopher's Perspective on Bitcoin (#1)

basqphilosopher

Published: 25 Dec 2017 › Updated: 25 Dec 2017A Philosopher's Perspective on Bitcoin (#1)

A Philosopher's Perspective on Bitcoin (#1)

Bitcoin is as real as we choose to make it.

Things we know : 1) There are exchanges were one can purchase Bitcoin with a checking account, debit card or even credit card; 2) When one purchases a Bitcoin a debit is made against one's fiat currency account, in exchange for which one is credited with a given amount of Bitcoin; 3) That Bitcoin may be sold to another individual in a transaction that credits one's fiat account with the market value of the Bitcoin at the time of sale; 4) Whether one has made a profit or a loss is reflected in one's fiat account balance after the purchase and sale are completed.

What more would a doubter in the concreteness of Bitcoin need to convince them of the realness of Bitcoin?

Are any or all of the above steps unnecessary to the argument that Bitcoin is real?

Leave A Philosopher's Perspective on Bitcoin (#1) to:

Written by

philosophical reflections on matters big and small

Read more #bitcoin posts


Best Posts From Basque Philosopher

We have not curated any of basqphilosopher's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.

More Posts From Basque Philosopher