“There’s been discussion about whether Bitcoin is a currency, a commodity, or a technological protocol. There are good arguments for each categorization, but each is unsatisfying in some way.  Now we know why this debate is so unsatisfying. Bitcoin represents a novel form of organization — a blockchain-based entity — that’s not quite like anything seen before it.”

http://www.businessinsider.com/the-future-of-the-blockchain-2014-4

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