SBI Group. Louis ‘s Director of Research, «the most important aspect of this technology revolution is, in my view, the threat of entry into the money and payment system and what I think it will do is to force traditional institutions, including central banks, to either adapt or die». This movement aims to create an Internet based on the idea of Virtual, Distributed Parallel VDP States, «acting as a kind of organizational counterpoint to that State’s governing bodies». However, in a precedent determining decision, the magistrate judge determined that Bitcoin is money, and thus the investments were securities. Court Cases.