@alexdp I appreciated your post, but added that *consensus*, including from authorities, is *necessary* to give 'existence' as well as unambiguity to non-physical entities. That is something that #Bitcoin does NOT have in the USA.

@ChemicalEyeGuy

When you're selling something like a car, the only directly involved authority is you, as you judge whatever is offered in trade to be real and sufficiently valuable or not.

Recognition by legal authorities is pretty secondary. If YOU think whatever is worth the trade then the trade can happen.

So, seeing as people do accept Bitcoin for trade in the US, Bitcoin is therefore recognized by authorities in the US, and is therefore real as per your standard.

@alexdp

@volkris You and I have a different definitions of ‘consensus’ and ‘authorities’. But I concede that there are *many* cases where people DO purchase non-physical entities, with a consensus (including authorities) understanding of their ‘reality’. Such as indulgences sold by the Catholic Church during the Medieval ages. 🤷🏻‍♂️

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@ChemicalEyeGuy

And also McDonald's yesterday when they bought my non-physical dollars from me using a hamburger as payment.

McD's and the Catholic Church. Who knew they'd be in the same basket!

@volkris That’s a non sequitur. As terrible as they are, McDonalds ‘#hamberders ‘ are physical objects. And there’s a consensus - including authorities - that gives essentially non-physical American dollars an ‘existence’. 🤷🏻‍♂️

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