So as the title suggests, this article pays tribute to the rather incredible milestone mention that Bitcoin was given within the U.S. Supreme Court. For those of you who haven’t read the exact words that were said, please allow me to enlighten you…
In the case of Wisconsin Central Ltd. Et Al. v United States the following statement was quoted:
“True, some of those dictionaries say that ‘money’ primarily refers to currency or promissory documents used as ‘a medium of exchange.’ See ante, at 2–3. But even this definition has its ambiguities. A railroad employee cannot use her paycheck as a “medium of exchange.’ She cannot hand it over to a cashier at the grocery store; she must first deposit it. The same is true of stock, which must be converted into cash and deposited in the employee’s account before she can enjoy its monetary value.
Join in on the conversation with Alex Masters Lecky when you subscribe to CRYPTONICLES.