Post #8571 by carolsharp on the Berkshire Hathaway board

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I'm not saying that it has no market value, or that it's going to zero, nor even saying that it has no merit as a vehicle for price speculation. But money? no.

A good test to determine if something is money is if the government accepts it as payment.

Does the IRS allow you to pay your federal tax with bitcoin (or beanie babies, paintings, trading cards, etc.)?

No?

Then it's not money.

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