{"id":12249,"date":"2013-11-02T04:49:12","date_gmt":"2013-11-02T03:49:12","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=12249"},"modified":"2013-11-02T04:49:12","modified_gmt":"2013-11-02T03:49:12","slug":"bitcoins-currency-or-commodity","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/bitcoins-currency-or-commodity\/","title":{"rendered":"Bitcoins: Currency or Commodity?"},"content":{"rendered":"<p>If you buy 3 barrels of grain and take it to Duane Reade and buy goods worth \u00a03 barrels of grain, does this differ from a Bitcoin transaction?<\/p>\n<p>Digital currency is coming. Banks fully expect money to become digital, with some betting\u00a0that virtual currencies like Bitcoin will become mainstream.<\/p>\n<p>This is cheery news for folks fighting drug trafficking, terrorism, corruption and organized crime. Cash has been recognized as crucial to funding illegal activity. Five hundred Euro banknotes are known as \u201cthe bin Laden\u201d for its role\u00a0in financing terrorism. It\u2019s nearly impossible to trace bribes and stolen public funds when they disappear in briefcases of hundred dollar bills.\u00a0<strong><a href=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/11\/Bitcoins-Future.pdf\" target=\"_blank\">Bitcoins Future<\/a>\u00a0 \u00a0 \u00a0<a href=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/11\/The-Future-of-Money.pdf\" target=\"_blank\">The Future of Money<\/a><\/strong><\/p>\n<p style=\"text-align: center\"><a href=\"http:\/\/www.w-t-w.org\/en\/bitcoins-currency-or-commodity\/bitcoin-currency\/\" target=\"_blank\" rel=\"attachment wp-att-12253\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-12253\" alt=\"Bitcoin Currency\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/11\/Bitcoin-Currency.jpg\" width=\"498\" height=\"244\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/11\/Bitcoin-Currency.jpg 498w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/11\/Bitcoin-Currency-300x146.jpg 300w\" sizes=\"auto, (max-width: 498px) 100vw, 498px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you buy 3 barrels of grain and take it to Duane Reade and buy goods worth \u00a03 barrels of grain, does this differ from a Bitcoin transaction? Digital currency is coming. Banks fully expect money to become digital, with &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/bitcoins-currency-or-commodity\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,13],"tags":[],"class_list":["post-12249","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"If you buy 3 barrels of grain and take it to Duane Reade and buy goods worth 3 barrels of grain, does this differ from a Bitcoin transaction? Digital currency is coming. Banks fully expect money to become digital, with some betting that virtual currencies like Bitcoin will become mainstream. This is cheery news for folks\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Susan_Hall\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/bitcoins-currency-or-commodity\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - Women and Finance\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Bitcoins: Currency or Commodity? - W-T-W.org\" \/>\n\t\t<meta property=\"og:description\" content=\"If you buy 3 barrels of grain and take it to Duane Reade and buy goods worth 3 barrels of grain, does this differ from a Bitcoin transaction? Digital currency is coming. 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