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Web in a recent article, yermack (2015) argues that bitcoin is not money because it functions poorly as a medium of exchange, unit of account, and store of value. While many people have heard of bitcoin, far fewer understand it. Let’s start with the obvious:
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Bitcoin (btc) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person,. Web fact checked by amanda jackson what is bitcoin? Web when you use bitcoin as a currency, not an investment, in the u.s., you do have to be aware of certain tax implications.
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