Bitcoin ritual modern mantra - In Mutual Mistrust We Trust.
Print in Dollar Bill - In God We Trust
Bitcoin is both virtual and digital.
In a technical context, it is digital currency exists as a blockchain data in decentralized ledger.
IRS classifies it as virtual currency as it lacks physical form (not tangible like gold, coins, car, cash) but as a virtual form (intangible like digital currency, intellectual property, rights)
So Bitcoin is an intangible digital asset.
Mutual mistrust is a foundational principle for Bitcoin’s trust model, A system designed to function without requiring trust in any single party ("trustlessness" in the context of Bitcoin and blockchain technology).
