Question: Is bitcoin considered as money ? Does it have the same features as money: hard to counterfeit, durable and portable, acceptable when making transactions and

Is bitcoin considered as money ?

Does it have the same features as money: hard to counterfeit, durable and portable, acceptable when making transactions and holds value over time.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

Closing Process At December 31, Hanlon Consulting's financial records show the following selected account information. Debit Service fees earned Credit $128,480 Rent expense $33,280 Salaries expense...

Q:

Read the case scenario and use the text provided to support your answer and only used the text provided Case Scenario Dion is an engineer with Tesla Motors who helps to design electric motors. It has...

Q:

Conducting successful international sport business requires sound and ethical decision making. Leading sport businesses realize that managers face many different situations that may require them to...

Q:

I need short journal entries for these articles, please. 1) Learning Objectives By the end of this section, you will be able to: Explain the various functions of money Contrast commodity money and...

Q:

I have asked three questions with my textbook chapter in which they come from. it would be greatly appreciated if you could help me answer these three questions. Thanks so much. :) 1. What is the...

Q:

Hi Sara, Please find my attachments for your information. Thank you Masoumeh P 3-2 P 3-2 The following information was obtained from the accounts of Lukes, Inc., as of December 31, 2012. It is...

Q:

Hi tutors, can anyone help me work on the below assignment thanks. Paragraph One & Two: Prior to the financial recession in the late 2000s, some companies had built up significant cash balances. By...

Q:

Hi Sara, Please find my attachments for your information. Thank you Masoumeh P 3-2 P 3-2 The following information was obtained from the accounts of Lukes, Inc., as of December 31, 2012. It is...

Q:

Hi Sara, Please find my attachments for your information. Thank you Masoumeh P 3-2 P 3-2 The following information was obtained from the accounts of Lukes, Inc., as of December 31, 2012. It is...

Q:

Paragraph One & Two: Prior to the financial recession in the late 2000s, some companies had built up significant cash balances. By 2010, discussions began about whether "cash hoarding" by firms was...

Q:

Hi tutors, can anyone help me work on the below assignment thanks. Paragraph One & Two: Prior to the financial recession in the late 2000s, some companies had built up significant cash balances. By...

Q:

Prior to liquidating their partnership, Quinn and Kestor had capital accounts of $200,000 and $120,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was...

Q:

Bill's Donuts sells yeast-based donuts in a variety of flavours to working professionals and young families no the weekend. The following are Bill's opening transactions: On July 31, 1300 units of...

Q:

explanation of the 'insurance model' proposed by the authors as a new business model for reimbursing new antibiotics, outlining its core structure, how it aims to de - link revenue from sales volume,...

Q:

Youre on a team performing a high-magnetic-field experiment. A conducting bar carrying 4.1 kA will pass through a 1.3-m-long region containing a 12-T magnetic field, making a 60 angle with the...

Q:

Solve each of the following pairs of simultaneous equations a. y = x + 4 y = |x 2 - 16| b. y = x y = |3x - 2x 2 | c. y = 3x y = |2x 2 - 5|

Q:

a. Express 1 + 4x - x 2 in the form a - (x + b) 2 , where a and b are constants to be found. f(x) = 1 + 4x - x 2 for x 2 b. Find the coordinates of the turning point of the function f(x), stating...

Q:

Find the range for each of these functions. a. f(X) = x - 5, -2 x 7 b. f(x) = 3x + 2, 0 x 5 c. f(x) = 7 - 2x, - 1 x 4 d. f(x) = x 2 , - 3 x 3 e. f(x) = 2 x , - 3 x 3 f. f(x) = 1/x, 1 x 5

Q:

Solve the following simultaneous equations. xy = 2 x + y = 3

Q:

Tori and some other childeen experimented with balls to see which ones rolled. First using a piece of cardboard to use as a ramp, they angled it on a block to the floor to test the balls. Then Tori...

Q:

(Sale-Leaseback) On December 31, 2007, Laura Truttman Co. sold 6-month old equipment at fair value and leased it back. There was a loss on the sale. Laura Truttman pays all insurance, maintenance,...

Q:

In January 2007, installation costs of $8,000 on new ma- chinery were charged to Repair Expense. Other costs of this machinery of $30,000 were correctly recorded and have been depreciated using the...

Q:

Charlene Rydell Manufacturing Co. is preparing its year-end financial statements and is consid- ering the accounting for the following items. 1. The vice president of sales had indicated that one...