Bitcoin is the money, others are just applications - page 2.

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: Jhanzo on July 24, 2016, 10:58:54 AM

You predicted a crash on august and spends most of your time in altcoin boards, why the sudden change of stance? Grin

IMO as long as you can buy certain ordinary things with an altcoin they can be considered money too. It's just bitcoin have wider adoption than any altcoin so it can be considered superior (in terms of adoption, other things can still be debated).

It's not really just that they are more widely adopted, it is that it is more well known (which really isn't that well known to begin with). Cryptocurrencies are still a mystery to a lot of people, but some people can remember the "scary" things about it, and that it is associated with criminalized hackers and the spooky dark web...

I mean the whole silk road scandal happened not that long ago... But it is forever in crypto years since it is such a new phenomenon.

iv4n

legendary

Activity: 3332

Merit: 1191

I don't agree that other alt coins just complicate situation, its pretty fun to trade with them and gamble with some of them. ETH made a nice rise from nothing, now this coin worth 14 $. There will be similar coins, and rises in the future, I`m sure in that. People enjoy in all this when they figure it out, and learn few tricks.
With fact that there will be just limited amount of bitcoins I think its very possible for other alt coins to have some value. So btc is money but will it be enough of that money for everyone in this world to receive paycheck, for everyone to pay bills and to buy million other things. Alt coins will have some role in the future, which one is million dollar question.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Quote from: bitbunnny on July 24, 2016, 02:30:18 PM

Is it Bitcoin really a money? Some defined it as a property or goods (like oil or gold), not money. And still there is no unique definition or regulation so there is a big space to debate and speculate what Bitcoin really is.

Frankly, it doesn't matter what legal definition is. You know what it can do, that is all. And it has every characteristic a real money should manifest.
Classifying BTC as commodity is overthinking and is probably done from only one reason - to tax bitcoin even harder for example with VAT.

HatakeKakashi

hero member

Activity: 1274

Merit: 513

Quote from: bitbunnny on July 24, 2016, 02:30:18 PM

Is it Bitcoin really a money? Some defined it as a property or goods (like oil or gold), not money. And still there is no unique definition or regulation so there is a big space to debate and speculate what Bitcoin really is.

I agree with you to some extent. BTC is indeed voluble and some people refuse to accept its progress. Some are scared to invest. However, BTC has survived several blows and will for the next decades. I believe BTC will soon be famous worldwide. Also, ETH is soon to overtake LTC. XDG is fading away and new CC are taking its place

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Is it Bitcoin really a money? Some defined it as a property or goods (like oil or gold), not money. And still there is no unique definition or regulation so there is a big space to debate and speculate what Bitcoin really is.

jukka

sr. member

Activity: 259

Merit: 250

yep, btc is a currency and eth is a platform for dapps. most alts are neither.

Lionidas

hero member

Activity: 1008

Merit: 1012

I agree with you as i don't see bitcoin as a cryptocurrency any longer but as real money. I can cash it out to my bank so it is viewed to me this way.

gtglener

hero member

Activity: 575

Merit: 500

Quote from: bobmarley650 on July 24, 2016, 10:22:02 AM

ETH, ETC, Different chains, Dao, Hard fork, soft fork etc.

I just want to send money easy and fast.

Other coins are just complicating.

for you other coins are complicated because you have less knowledge about that coins, and bitcoin is easy for you because you have learned a lot about bitcoin, the same case was with me also in the past, but now I am learning about altcoins along with bitcoins.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

I guess at the moment, bitcoin and litecoins are the two that have a more reputation history. Eth is catching up but still just another coin. Problems and issues arises when you have a huge and ever growing number of users and only Bitcoin is the only that has gone through the hardship, improved and survived. Others are just lagging behind and learn from the experience and solution of bitcoin's growth.

2legit2

sr. member

Activity: 406

Merit: 250

to be honest i cannot agree with you on this pint and i think that other cryptocurrencies might also have a huge impact on people and all the financial system we have right now

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: fitraok09 on July 24, 2016, 11:45:30 AM

ETH, ETC, etc.
most people's could getting profit from them. why complicating? altcoin used people just for trading and another for earn their profit. if you just using bitcoin for send money with easy and fast then you are not needing for trade.

cheers

Altcoins are propped up by speculation, all day every day. A majority of all crypto's value comes from speculation (like basically everything else in the economy) and thus trading is basically one of the only uses for a majority of altcoins. Ethereum is propped up by speculation but it also has some features which give it some value, but not as much as it does right now.

Bitcoin is the best crypto for sending and holding money, no question.

fitraok09

legendary

Activity: 1049

Merit: 1009

TRX: TCRKDukYt2zDie9vJDhToKrP3tyTV29U48

Quote from: shinratensei_ on July 24, 2016, 11:49:18 AM

Quote from: bobmarley650 on July 24, 2016, 10:22:02 AM

ETH, ETC, Different chains, Dao, Hard fork, soft fork etc.

I just want to send money easy and fast.

Other coins are just complicating.

You can exchange alt coin into bitcoin and otherwise from that. all of it's is directly into the money and you say another of bitcoin just application especially for altcoin? Shocked

I'm very surprised about that. IMO I can say it's a joke. Grin

for a rich man, this is not joke but not too serious also. bitcoin have a much function like which said this guy (for send money with fast and easy). and a mostly peoples there is also who lose their bitcoin in trade due they have not can trade an altcoin in right.

useless4

sr. member

Activity: 389

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: bobmarley650 on July 24, 2016, 10:22:02 AM

ETH, ETC, Different chains, Dao, Hard fork, soft fork etc.

I just want to send money easy and fast.

Other coins are just complicating.

thats true, in my opinion other cryptocurrencies are actually just a tool for making bitcoin even a more popular thing, i think that holding bitcoins will make me big money

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

Quote from: bobmarley650 on July 24, 2016, 10:22:02 AM

ETH, ETC, Different chains, Dao, Hard fork, soft fork etc.

I just want to send money easy and fast.

Other coins are just complicating.

You can exchange alt coin into bitcoin and otherwise from that. all of it's is directly into the money and you say another of bitcoin just application especially for altcoin? Shocked

I'm very surprised about that. IMO I can say it's a joke. Grin

fitraok09

legendary

Activity: 1049

Merit: 1009

TRX: TCRKDukYt2zDie9vJDhToKrP3tyTV29U48

ETH, ETC, etc.
most people's could getting profit from them. why complicating? altcoin used people just for trading and another for earn their profit. if you just using bitcoin for send money with easy and fast then you are not needing for trade.

cheers

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Quote from: Jhanzo on July 24, 2016, 10:58:54 AM

You predicted a crash on august and spends most of your time in altcoin boards, why the sudden change of stance? Grin

IMO as long as you can buy certain ordinary things with an altcoin they can be considered money too. It's just bitcoin have wider adoption than any altcoin so it can be considered superior (in terms of adoption, other things can still be debated).

Hahaha maybe OP altcoin investment is done. And now he wanted to encash Bitcoin. Btw, I agree that altcoin can be considered money too but mostly they act like a token. Some discount voucher / coin. Though both bitcoin and altcoin have application, trend at this point is developing an application then pairing it with some token / coin just to get fund.

Jhanzo

hero member

Activity: 798

Merit: 506

Thank satoshi

You predicted a crash on august and spends most of your time in altcoin boards, why the sudden change of stance? Grin

IMO as long as you can buy certain ordinary things with an altcoin they can be considered money too. It's just bitcoin have wider adoption than any altcoin so it can be considered superior (in terms of adoption, other things can still be debated).

bobmarley650

legendary

Activity: 1232

Merit: 1001

ETH, ETC, Different chains, Dao, Hard fork, soft fork etc.

I just want to send money easy and fast.

Other coins are just complicating.

Topic: Bitcoin is the money, others are just applications - page 2. (Read 1264 times)