Money is any entity that can be accepted as a means for exchange of goods and services. Printed notes and coins are just a form money can be represented with but not the true appearance of it. Bitcoin is also a form of money because people accept it in exchange for goods and services.
Earlier this happened and people were accepted an entity as exchange because it had a physical state. With cryptocurrency people weren't able to understand the market and the reality of bitcoin. Just for the reason of unable to print it can't be considered valueless. From my understanding people will realize the need of bitcoin and technology, but it takes little time. 
Topic: ‘Bitcoin Is Not Money’ Because We Cannot Print It – Banks - page 2. (Read 1049 times)
Yes, Bitcoin is not money because we can not print it. That's right But Bitcoin is a virtual currency. But bank Bitcoin is reluctant to accept the Bitcoin. Because no bank can control Bitcoin. So the bank does not count Bitcoin as money. But I think Bitcoin has a lot of potentials to become a currency. Bitcoin is a little typical currency. Bitcoin's acceptance eligibility is increasing day by day. So I think the bank does not accept Bitcoin as money, but many of us accept Bitcoin as money.
Thank you
Thank you
Money is whatever people decides holds value. Doesn't matter what it is, seashells, gold, beanie babies, paper. Currency is just a faith based system. Fiat is a complete scam but most people are too stupid to realize or lack any real fight to go against the banks.
to be able to change the bank's decision about bitcoin is very difficult. because the bank has been integrated with all banks throughout the country and has not recognized bitcoin as a currency. requires official recognition from all parties who have authority over currencies to be able to recognize bitcoin as a currency and can be printed like fiat currencies.
Money is any entity that can be accepted as a means for exchange of goods and services. Printed notes and coins are just a form money can be represented with but not the true appearance of it. Bitcoin is also a form of money because people accept it in exchange for goods and services.
Our economy should be in this situation because of these banks. I do not understand what a thought is. I wonder how paper money will reach the speed of the developing world. They are making meaningless conversations without understanding what crypto is.
I am OK with it. Because for me Bitcoin is more like an asset (similar to gold or silver), which is protected against inflation. And the advantage with Bitcoin is that it can be used as a currency as well, just like gold bullion coins.
Yes it is true Bitcoin was not a real money because it didn't created by any bank, but it can be convert into fiat currency. It may not be a real one but once you convert it into fiat money of course We can use it immediately to pay in any form of traditional business.
..people treated Bitcoin differently..yeah its true that Bitcoin cannot be print because it is a digital currency, a form of electronic cash that is used for online transaction and can be converted into a fiat money..nowadays,,there are lots of attacks on Bitcoins,,people spreading rumors about the negative side of Bitcoin,but we all know that Bitcoin has a great value compared to the reigning fiat money ($) that is used in the circulation of universe economy.If we do believe in the power of Bitcoin and not used it in a negative way,probably Bitcoin will be the number 1 cryptocurrency in the universe and many would adopt and acknowledge the use of it..
As a digital currency, one woudn't be surprised to see Central Bank altering such word from it jurisdiction. They should have remembered that, Gold was not printed on papers, still yet its called money among others, so, they coming out to speak against Bitcoin shows their fears of Bitcoin existence. They had done all their possible best to pull down(destroy Bitcoin) the said Bitcoin grow stronger and stronger, and their efforts rendered futile.
An that is the real cause of inflation in the system brought about by the central bank because they create money out of tin air when ever they need money. But the case is different with bitcoin because bitcoin is a decentralized currency that can not be print from nothing you have to hold it to be able to use it.
Money doesn't mean something printable, I do not know on which ground such statements are released by known banks. If something printable only can be considered as money then govt. should stop stock market, we purchase shares against money which are not printable but it holds some value for us. We take stocks as our assets. Why can't Bitcoin be considered as an asset? Actually most of the banks are afraid of blockchain technology and its acceptance by common people, cryptos are real threat for banking business, so its not surprising to get such statements from any bank.
Very interesting point of view, of course, government and banks were really afraid to blockchain technology because they know that someday if blockchain and crypto will become their big competitor when it comes to financial interest. People choose crypto to save their asset instead in the bank. I think this is the reason why the bank throws that word into cryptocurrency. 
Money doesn't mean something printable, I do not know on which ground such statements are released by known banks. If something printable only can be considered as money then govt. should stop stock market, we purchase shares against money which are not printable but it holds some value for us. We take stocks as our assets. Why can't Bitcoin be considered as an asset? Actually most of the banks are afraid of blockchain technology and its acceptance by common people, cryptos are real threat for banking business, so its not surprising to get such statements from any bank.
‘Bitcoin Is Not Money’ Because We Cannot Print It – Banks
https://blockpublisher.com/bitcoin-is-not-money-because-we-cannot-print-it-banks/
And yet another other attack, but seriously flaw argument coming from banks. But that's fine, hearing this kind of arguments make me think that they are really threaten by crypto and afraid that one day all of them will become obsolete, or least majority of people will go to crypto, specially bitcoin.
Quote
“Bitcoin is not money”, the European Central Bank published a statement regarding bitcoin as not being a monetary asset. These words from the bank are immensely harsh for the crypto community. The crypto analyst and investor, Joseph Young suggests that the bank has released the statement as per the crypto assets being unprintable. Though this is an absurd manner to qualify a monetary asset as ‘money’, the bank does praise the technology in the working behind bitcoin. The technology, being the entire crypto protocols, most specifically, decentralization is breakthrough and can make up for some decent projects in the future.
https://blockpublisher.com/bitcoin-is-not-money-because-we-cannot-print-it-banks/
And yet another other attack, but seriously flaw argument coming from banks. But that's fine, hearing this kind of arguments make me think that they are really threaten by crypto and afraid that one day all of them will become obsolete, or least majority of people will go to crypto, specially bitcoin.
Such statements are not new when it comes to BTC vs Banks. Almost all centralized financial institutes have the same views about BTC and other cryptocurrencies. The reason is very clear, BTC is there to break their monopolies.
This makes no sense at all because money is not all about banknotes and physical form. Reasons are much deeper than that. Nevertheless, the attitude of banks and governments towards cryptocurrencies will change and it is changing already. So the concept of money is changing also digitalization is rapidly developing so the state of mind should also.
Agree, this is not about form you know. even gold has been a currency for thousands of years, but we can't printed it. this is not a matter of form, but as long as it has value we can use it as a medium of exchange or currency. and the barter system teaches us 
I have never read such a silly statement, at least recently. To explain title: Bitcoin isn't money because we don't have control on it, we can't print as much as we won't, we can't inflate it and make money and make you work for covering inflation which will be caused by us.
That's the great thing they don't have enough control on it, money is something that is unique and has ability to be exchanged in things, so bitcoin has this ability, you can buy anything with bitcoin, there are a lot of people/services which accept bitcoin and if it's not considered as money for them, then why the hell do they try to set regulations on it?
That's the great thing they don't have enough control on it, money is something that is unique and has ability to be exchanged in things, so bitcoin has this ability, you can buy anything with bitcoin, there are a lot of people/services which accept bitcoin and if it's not considered as money for them, then why the hell do they try to set regulations on it?
I doubt if all the banks have this perception, they are so ignorant if all of them thinks that Bitcoin is not money, I have used Bitcoin so many times to buy stuff online and paid my bills and grocery using Bitcoin, let them perish for their ignorance in the future no banks will say that because Bitcoin will have a massive adoption.
If such an asset can be paid for a product or service, it can be considered a means of payment. Of course bitcoin cant be printed, but that does not make it any bad. Although it is digital, it is still a currency.
Right. Even digital fiat is gaining a lot of users every day. The term "money" Is subjective. And people may not see is at money but they can still opt to use it to make transactions, just like how we do online shopping and other online services. Fine don't call it money but we use it anyway.
This makes no sense at all because money is not all about banknotes and physical form. Reasons are much deeper than that. Nevertheless, the attitude of banks and governments towards cryptocurrencies will change and it is changing already. So the concept of money is changing also digitalization is rapidly developing so the state of mind should also.
This "Bitcoin Is Not Money’ Because We Cannot Print It" nonsense statement, from the European Central Bank, should be read with the question ask to there #AskECB service.
Out of the blue, the European Central Bank started massive money printing of EURO a few weeks ago, just a few months after they closed down the last printing spree.
Then someone asks them " Where did you get the money for the QE?" and the European Central Bank then just replied "As a central bank, we can create money to buy assets"
https://twitter.com/ecb/status/1105494215381913601
Out of the blue, the European Central Bank started massive money printing of EURO a few weeks ago, just a few months after they closed down the last printing spree.
Then someone asks them " Where did you get the money for the QE?" and the European Central Bank then just replied "As a central bank, we can create money to buy assets"
https://twitter.com/ecb/status/1105494215381913601
For me, crypto still crypto, gold still gold, money still money.
People have their right to choose crypto as fiat but remember that crypto basically is an asset that act like fiat.
Personally I won't make crypto as fiat because it still risky until now !
People have their right to choose crypto as fiat but remember that crypto basically is an asset that act like fiat.
Personally I won't make crypto as fiat because it still risky until now !
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