 | '''''''''''''''''''''''''''''''''''''''''' Cryptocurrency
Same but online Cryptocurrency is an intangible concept Cryptocurrency takes the form of codes Cryptocurrency is backed by market demands Bitcoin, Ethereum, Litecoin etc. Can be transferred online
If someone thinks that bitcoin = money, you must be sure that he don't understand bitcoin correctly. Bitcoin has different usage. These people see Bitcoin as a way to transfer money. In the end, they think Bitcoin is a worthless token.
PayPal is a better option for these people. (if they are just looking for a hassle-free transfer)
The distinction between BTC and money is quite clear. Paper money is a means of exchange for either products or services, the same as BTC. While paper money is real, offline, with a country's signature as a distinguishing feature, BTC however, is more or less like imaginary money that happens to exist in an online space with an address. It is not limited or claimed by specific countries. Anyone with access to digital technology can outright make transactions with monies or BTC, so long it is valid in consent. Our old parents used other means of exchange like the cowries for trading, an upgrade was paper money. The future is already happening because the latest upgrade for exchange universally considered is BTC.
It's not money, it's money. Everyone understands this. A simple way to look at it depends on how one perceives the field. In terms of finance, technology, and many other things related to it, they are all interrelated.
So I understand BTC is BTC, but don't want to add any other thoughts to consider that it should be. Maybe we'll find its place, but I think that should only be considered a small part of the benefits or risks of the features it offers.
Your context is a bit confusing to read or understand, but surely you are trying to say that bitcoin transactions are anonymous and that unless you use any of the existing electronic means, you leave information personal, then you start leaving a trace, that's fine and you also have to add all the characteristics that exist associated with bitcoin that in effect make it an alternative to money, then at a certain moment you want it or not it's money, it has value and you can change it as much for its Fiat peer as for any other asset.
Btc is not money Crypto is not money the money start with fiat currency. The statement btc is not money is not right, so far as am concerning what ever that can be use to make payment or in any medium of exchange can be refer to as money, bt is a digital currency which is publicly accepted irrespective of government policy. they can't control it because its not physical cash, neither do they know any entity which is responsible. BTC is 100% money to me bitcoin is currency. and although government cannot control peoples use of the blockchain transactions. because everyone has their own wallet. and mining asics are distributed too that a governmetn cant just unilaterally shut down mining blocks of transactions by removing all hashpower at once.. however users that use SERVICES (custodians/exchanges) are controlled by those services and those services are regulated by governments to follow certain rules so just watch out when using services. because your control and freedom is lost when using services. Jump to:
|
