Joe has done us all a real service in putting together his three part (1, 2, 3) primer on Bitcoin (full PDF here).
I am curious, though, what the justification is for referring to Bitcoin as a “commodity” currency. Consider this from Izabella Kaminska at the FT Alphaville blog:
When the Pontifical Council for Justice and Peace needed an expert economist to assist in articulating the “Note” titled Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority to feisty journalists at an Oct. 24 Vatican press conference, it called on the University of Rome “Tor Vergata” economics professor, Leonardo Becchetti.
Read more on Rome Economist Helps Explain Vatican ‘Note’ on Financial Reform…
