SuperTramp Posted September 19, 2013 Report Share Posted September 19, 2013 For me this is pretty clear, if it acts like a commodity, and works/looks like a commodity then it IS a commodity! There you have it. MinCoin, A Crypto/Digital-Commodity......as far as I'm concerned. -the same could be said of Bitcoin, Litecoin and the rest! johnhanks and Optortcob 2 Link to comment Share on other sites More sharing options...
prospector Posted September 24, 2013 Report Share Posted September 24, 2013 I'm sure you've seen me debate RS about BTC being a currency not a commodity before...but... I'm slowly starting to change my views there! I guess I have spent so many BTC before I see it as a currency...but I can see the reasons for it being a commodity. MNC can be the first to really brand itself as a digital commodity! SuperTramp 1 Link to comment Share on other sites More sharing options...
CC66 Posted September 25, 2013 Report Share Posted September 25, 2013 I've seen those debates. I think it should be in it's own catagory as a spendable commodity. Link to comment Share on other sites More sharing options...
SuperTramp Posted September 25, 2013 Author Report Share Posted September 25, 2013 I've seen those debates. I think it should be in it's own catagory as a spendable commodity. We could go with >> "The commodity that spends like a currency" Link to comment Share on other sites More sharing options...
CC66 Posted September 25, 2013 Report Share Posted September 25, 2013 We could go with >> "The commodity that spends like a currency" I like that a lot better. Spendable doesn't sound like it should be kept at all. =( Link to comment Share on other sites More sharing options...
raspi Posted September 26, 2013 Report Share Posted September 26, 2013 In economics, a commodity is a marketable item produced to satisfy wants or needs. Economic commodities comprise goods and services. taken from wiki. I am really a newbie on this, but how does a cryto coin fits in as a goods and services to be define as a digital commodity? Isn't Min-coin still define as a currency as a means to represent a IOU or value backing(as in against exchange for BTC). Link to comment Share on other sites More sharing options...
raspi Posted September 26, 2013 Report Share Posted September 26, 2013 I've seen those debates. I think it should be in it's own catagory as a spendable commodity. As in like Gold? walk in to a store, I have a cup of latte, here is 1/10 gram of gold for payment. Or is it like, I have a bag of sugar, for your cup of coffee.. if so, isn't spendable commodity = bartering? Link to comment Share on other sites More sharing options...
kamen Posted September 26, 2013 Report Share Posted September 26, 2013 For me this is pretty clear, if it acts like a commodity, and works/looks like a commodity then it IS a commodity! There you have it. MinCoin, A Crypto/Digital-Commodity......as far as I'm concerned. Crypto commodity it is as far I can see it Link to comment Share on other sites More sharing options...
johnhanks Posted September 27, 2013 Report Share Posted September 27, 2013 I like: Crypto-Barter, Crypto-Trade, or we can just go the plain route of Barter, Trade. Link to comment Share on other sites More sharing options...
miffman Posted September 28, 2013 Report Share Posted September 28, 2013 It seems like it's crypto-gold Link to comment Share on other sites More sharing options...
CC66 Posted September 29, 2013 Report Share Posted September 29, 2013 It seems like it's crypto-gold I think you hit the nail on the head! Link to comment Share on other sites More sharing options...
enmore Posted October 17, 2013 Report Share Posted October 17, 2013 It is something i want to hold on to. It is well woth the investment mcxnow - enmore Link to comment Share on other sites More sharing options...
clamps Posted October 19, 2013 Report Share Posted October 19, 2013 I think it is a currecny Link to comment Share on other sites More sharing options...
Neutral-Neet Posted October 20, 2013 Report Share Posted October 20, 2013 I think you hit the nail on the head! lol For now, I think is a comodity between digital coins (for exchanges). But probably I hit my head too. Link to comment Share on other sites More sharing options...
Noctis Posted October 26, 2013 Report Share Posted October 26, 2013 Comodity, but in the future, it's can change! Depends on evolution of the market of cryptocoins. Link to comment Share on other sites More sharing options...
Scrat Posted October 30, 2013 Report Share Posted October 30, 2013 Commodity, I think, a good one! Link to comment Share on other sites More sharing options...
Razzler Posted October 31, 2013 Report Share Posted October 31, 2013 Soon the both, i think Link to comment Share on other sites More sharing options...
alttin Posted October 31, 2013 Report Share Posted October 31, 2013 Haha, has anyone bought a pizza with mincoin yet? Who has their 10k MNC lined up to get the first pizza delivery transaction paid for in mincoin? Link to comment Share on other sites More sharing options...
ssj4mo Posted October 31, 2013 Report Share Posted October 31, 2013 @alttin, lulz. I think right now it's hard to distinguish. Really, every crypto-"currency" or "commodity" COULD be considered both. True commodities, however, are purchased with currency, or traded for other commodities, while true currencies are used to purchase goods (including commodities) and services. So, it's difficult to place a firm definition on mincoin, since you could "purchase" goods with it, making it a currency, but you could also exchange it for other coins, which, if they are considered to be commodities, would mean that mincoin is a commodity. However, if we assume that all other crypto-coins are currencies, then exchanging mincoins for other coins would make it a true currency. It's tricky stuff best left to the economists and people wiser than me. Link to comment Share on other sites More sharing options...
thomas_sun Posted November 1, 2013 Report Share Posted November 1, 2013 it's crypto-gold Link to comment Share on other sites More sharing options...
Lishoplays Posted November 1, 2013 Report Share Posted November 1, 2013 Commodity promising - and rising! Link to comment Share on other sites More sharing options...
001sonkit Posted November 4, 2013 Report Share Posted November 4, 2013 I'd say commodity, currency is just a random trust that the FED can randomly print out whenever they want Link to comment Share on other sites More sharing options...
SuperTramp Posted November 5, 2013 Author Report Share Posted November 5, 2013 I'd say commodity, currency is just a random trust that the FED can randomly print out whenever they want Yes, I agree. I think one of the key differences between a "Currency" and a "Commodity" is how they come into existence. Printing at will, and having no end to the "supply" is very anti-commodity to me. When something has a very real limit on how much of it can be produced then I start to think of it as being more commodity like. alttin 1 Link to comment Share on other sites More sharing options...
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