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A single-payer system (such as the Canada Health Act) is a way of covering all Canada citizens or residents and not just of a particular region (or province in Canada) with some level of universal coverage. The goal a national scheme is to give all Canadians the same level of coverage at a lower cost using the same payment method.
Health Canada has said it will not give up.
The Conservatives say they oppose single-payer and believe that people in rural communities should have private insurance and choose which plans to get on the "open market".
The Liberals hope their promise is enough to stop the Tories from using election to push the privatization of plan.
A Conservative government would not immediately implement a single-payer plan in every province because that would require a different set of rules. There's one important question that's often missing from the conversation around bitcoin. And that's what kind of currency bitcoin is. The answer might seem obvious if you follow the currency's history, but in an industry plagued by a few notable currency failures, it doesn't necessarily follow that the right answer is obvious.
So let's ask the question: What is bitcoin? are bitcoins?
Here are the main defining characteristics of Bitcoin:
A blockchain record of transactions using the cryptographic proof-of-work system.
A ledger of transactions that's shared and only among people who are part of the network by trusting each other in a consensus-based peer-to-peer system. (That's the technical answer to question of "who owns the bitcoin and where it came from.")
No central bank or government. The value that bitcoin gets from people's willingness to trade it depends upon other people's willingness to accept value in exchange for it.
A unit of account that's in some ways equivalent to the U.S. dollar. That's because bitcoins use the same mathematical system to make sure it's hard (for good and bad) for untrusted entities to abuse them. A dollar cost 4.2 bitcoins in 2012, and 2014 it cost 17.7 bitcoins. In the last year, it's fallen to 12.9 bitcoins. A bitcoin is what it sounds like: a tiny piece of much larger digital currency.
Is bitcoin a currency?
So the biggest question that bitcoin has up its sleeve is whether it's a currency? And that's not necessarily related to bitcoin's history or even the technology behind it. For past few years, some of the biggest name companies in tech have all been investing huge sums in building systems that allow users to exchange digital assets using these new technology. (This is especially true of the financial industry, but a few other things have made the technology a hot topic as of late.)
One company that has spent a lot developing digital financial assets and now does business under the name of Digital Asset Holdings is BitPay, the San Francisco-based payment processor that also provides services such as Bitcoin payments. BitPay CEO Tony Gallippi told me: "The answer has to be that bitcoin is not a currency." That's because, he notes, the "currency" you're using to buy goods or services depends on how the digital assets are being exchanged. If they're exchanged over the blockchain—the ledger technology that Bitcoin uses to record the transactions—that's something
Buy diflucan 150 mg that isn't necessarily tied to a specific country, or geographic location, national borders.
But bitcoin isn't used to buy goods and services;
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