I hope never, because it is superior to money.
I hope never, because it's gold.
Topic: [03-22-2015] When Does Bitcoin Become Money? - page 2. (Read 2250 times)
I hope never, because it's gold.
I hope never, because it is superior to money.
In theory - yes. In reality - well, it depends. Money is bad because it is linked to government thus - no transparency, constant printing of new money - inflation etc. But bitcoin is worthless without proper services. And we are lacking these now. You can't bitcoin to Africa hell, you can't even send it to some rural areas and countryside. Bitcoin can became money for technical advanced people in big cities. Rest of the world would be out of reach for bitcoin. 
Another requirement is that the price should be stable and gov should recognize the bitcoin as money. Otherwise the masses won't be comfortable to hold them.
Money has to be a good store of value, so we are talking a very very very long time from now. It would have to be post-massive world adoption in order to have stability. It could meet all the other requirements of money prior to being a good store of value though. Unless you consider rising value to be a good "store" of value. If you keep your definition to rising value = store of value then that could be very soon 
I hope never, because it is superior to money.
http://btcfeed.net/news/when-does-bitcoin-become-money/
Many Bitcoin enthusiasts already see Bitcoin as just another form of money. And this is partially true, as you can use Bitcoin to pay for goods and services, both online and offline. However, the mainstream masses seem to associate Bitcoin with a “currency” at best, and “fake internet money” in the worst case scenario. But when will Bitcoin actually become money?
,,,...
Many Bitcoin enthusiasts already see Bitcoin as just another form of money. And this is partially true, as you can use Bitcoin to pay for goods and services, both online and offline. However, the mainstream masses seem to associate Bitcoin with a “currency” at best, and “fake internet money” in the worst case scenario. But when will Bitcoin actually become money?
,,,...
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