Topic: Bitcoin is not money - page 2. (Read 11621 times)
bitcoin is not money but bitcoin can be like money because money is a tool of exchange and anything of value is of course equal in value to money.
If you ask central bank in my country, Croatia, they will tell you that bitcoin is not money or financial assets.
They issued public statement about it last year.
It seems that we need new definition here: What is money and can we already talk about different kinds of money and financial assets?
I think this is a good question for economist experts.
They issued public statement about it last year.
It seems that we need new definition here: What is money and can we already talk about different kinds of money and financial assets?
I think this is a good question for economist experts.
Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
Bitcoin is not a currency but it can be used to pay any cost that accepts it. Bitcoin is worth more than money, but it has a fixed supply and cannot add. The value of Bitcoin will increase every day, but the money will always keep the price the sister it has. It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
And for me a money is something that the most part is using, i can't currently buy my bottle of milk with bitcoin for example..
One day Maybe but currently no.
I can't use Swiss Francs at my local 7-11, but it's definitely money. I have to go to the ATM first and withdraw Singapore dollars (converting them from Swiss Francs automatically). End result = 1 bottle of milk purchased with CHF.
I can't use Bitcoins at my local 7-11, bit it's definitely money. Couple of similar steps involved..... End result = 1 bottle of milk purchased with BTC.
Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
I disagree. Bitcoin is totally a money, that is why we can use it to buy the things that we need and pay all of our bills.It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
Your point of view is interesting, but honnestly, it is not, if you look around you does the mass is using the bitcoin ? Does your neighboors or the granma who is going to buy his bred at the bakery is using bitcoin ? No !
And for me a money is something that the most part is using, i can't currently buy my bottle of milk with bitcoin for example..
One day Maybe but currently no.
Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
This is misleading and people should be provided with proper knowledge about Cryptocurrency and Blockchain. Cryptocurrency is a digital asset where it could be used to buy and pay for something where internet is available. Bitcoin is a Cryptocurrency where it could be used to pay and buy for something we need and therefore it is a digital money. Bitcoin might be called an Artwork but it is still money because every artwork has an specific equal value of money.
Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
I disagree. Bitcoin is totally a money, that is why we can use it to buy the things that we need and pay all of our bills. It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
I think bitcoin is money in digital life as we now lived on the internet by doing many things, so we need a new currency to pay online. Maybe we have Paypal, credit card or debit card, or other payment, but bitcoin will be a new way for people to make a transaction. Bitcoin was also the money in offline life because in some country, people can make a transaction with bitcoin and they can buy something using bitcoin. I hope that soon, all country will accept bitcoin as the payment method.
In some countries bitcoin is considered an investment commodity and not as a means of payment, but in some countries there are also those that apply it as a payment instrument usually applied by online stores that serve buyers from all over the world so they choose to use bitcoin compared to conventional bank transfers that take a lot of time and the costs are quite high.
Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
Your wrong bitcoin is digital currency you can use it to pay bills same like fiat and if you want to make a real money you can sell it into the exchange,much better research properly what is bitcoin so that you can get idea and how important it is.
Money - a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively. (Wikipedia)
Definitely it's not a money since it is not a form of coin but we can consider Bitcoin as an asset or an electric or online money... an art work? maybe not? a gold maybe? but the difference is that we can predict the numbers of what we can mine rather than the gold which we can't define the number of its resources, We can also compare the silver as an Ethereum.
Definitely it's not a money since it is not a form of coin but we can consider Bitcoin as an asset or an electric or online money... an art work? maybe not? a gold maybe? but the difference is that we can predict the numbers of what we can mine rather than the gold which we can't define the number of its resources, We can also compare the silver as an Ethereum.
For each person, bitcoin is perceived differently, for me bitcoin is something innovative and promising means of payment in the future, sooner or later we will come to the fact that most people will use the payment of transactions and services is cryptocurrency and blockchain, I'm sure.
Bitcoin is an art but money as well. It's the digital currency that can now be used for the buying of goods and services in various countries.
Exactly. Beaver pelts were considered 'money' for 200-300 years in colonial North America. That said, probably also a good example of why one shouldn't fall in too deep of love with any kind of money. Crypto may indeed go the way of beads, beaver, and paper money. Know when to get in, trust your senses as to when to get out. Barnes and Noble used to look like a market favorite compared to Amazon (if you looked at their bottom lines back then... Amazon had about $20 million in sales while Barnes had around $2.2 billion)... glad I didn't HODL that one. But I did buy and sell it quite a bit in the 90's. Don't forget to take your profits. Your homes and land will still be there when the dust settles and you won't even care about what stocks or cryptos you held back in the day.
As long as you can use something as universal means of exchange it is money. You can use bottle caps like the ones in that game fallout if people agree to use them. It's best if the money is limited in supply so that people cannot make them at home and acceptable and that's all you need.
Bitcoin is still not accepted all around the world but it's already accepted in enough places to be called money.
Bitcoin is still not accepted all around the world but it's already accepted in enough places to be called money.
Bitcoin for me is money, even We can't able to touch it literally but it can convert into fiat currency which is the real money.
Then bitcoin has a similarity into credit card were its an electronic payment not physical money but can able to dispense currency. aside from
their differences was that Credit card categorized on centralize based system while Bitcoin is decentralize.
Then bitcoin has a similarity into credit card were its an electronic payment not physical money but can able to dispense currency. aside from
their differences was that Credit card categorized on centralize based system while Bitcoin is decentralize.
it's is money, it means this is digital money so we can buy anything and we can pay bills also but it's value depends on market cap so this price is keep on changing.
Of course bitcoin is money and it is the most famouse cryptocurrency in the world. Bitcoin is digital money. Many people send and received bitcoin as a money. So if you say that bitcoin is not money then I will tell you that you are wrong. You should need a proper knowledge about bitcoin. I think bitcoin is the best money in the world. Bitcoin is money there is no doubt here.
Thank you
Thank you
Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
21,000,000(21M) can't actually be limited edition. Why not we face bitcoins as they are instead of comparing them to any such kind of stuffs. Bitcoins are not yet compared to money but we should expect that bitcoins has the benefits and guts to overcome money and even rule the financial systems. There are a lot of markets currently which are accepting bitcoins as a legal mean of payment on their platform which is actively converting bitcoins from an artwork to a monetary financial system and it is our whole and sole duty to accept bitcoins in the form they could benefit us. Each single satoshi is going to have vast importance in the coming time. It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
If the definition of money must be physical, such as US Dollar, Pounsterling or Euro, it is certainly difficult to say that bitcoin is money. But if you see its function as a legitimate payment instrument in a country that legalizes bitcoin, it is money that is used digitally.
In my opinion, it can be concluded that bitcoin is future money that is used digitally, so there must be additional devices so that transactions can be carried out, namely the internet and computers or cellphones.
In my opinion, it can be concluded that bitcoin is future money that is used digitally, so there must be additional devices so that transactions can be carried out, namely the internet and computers or cellphones.
It seems you are interchanging terms here. I think you are refering about currency. Money doesn't have a physical entity. If we goes by your definition of money then what can you say about online money transfers? I would refer you to my previous post that discuss about the difference of a currency and money.
Please check the link, there is an infographics that state the difference between currency and money
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Honestly, Bitcoin looks more money than a paper dollar bill. Check the comparison https://www.wallstreetmojo.com/money-vs-currency/
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