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U.S. Financial Crimes Enforcement Network

Aristotle wouldn’t use Bitcoin. Should you?

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A lot of people wonder if Bitcoin is something they should try. They hear about it in the news, with many investment houses considering using it as an alternative to the U.S. dollar. In addressing the question of Bitcoin being a reliable option for your financial needs, it helps to know the ancient definition of a quality currency. The five qualifications cited by Aristotle for an ideal currency are: convertibility, portability, divisibility, utility, and durability. Which of these qualifications does Bitcoin…

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