Bitcoin is difgital cash were sending and receiving is fast and easy to process. Were people attracts into use of bitcoin because of its advantages to users.
Bitcoin currency is too much unique currency and we can send our bitcoin anywhere and in any amount without any tax or other high fees and we can buy anything from any place i think bitcoin will be totally change our life to digital world in the future then we do not need to use our fiat money. 
Topic: Is Bitcoin digital gold or digital cash? - page 16. (Read 12062 times)
bit coin isn't available any country or any economics market ...But it also use for buy trade and business ..Its give us more profit and more benefits. So its helpful for us The definition of cash is money
in coins or notes and money in
any form, especially that which
is immediately available . The
etymological origin of the word
cash is thus. bitcoin is a digital currency but also a type of virtual currency.
in coins or notes and money in
any form, especially that which
is immediately available . The
etymological origin of the word
cash is thus. bitcoin is a digital currency but also a type of virtual currency.
Bitcoin is difgital cash were sending and receiving is fast and easy to process. Were people attracts into use of bitcoin because of its advantages to users.
Digital systems owned by bitcoin have many advantages over others. Currently bitcoin is one of the pioneers of digital currency. bitcoin is a system that makes the cash into a digital technology.
Bitcoin is difgital cash were sending and receiving is fast and easy to process. Were people attracts into use of bitcoin because of its advantages to users.
Bitcoin could be both termed as Digital cash and Digital gold.Satoshi created bitcoin as a digital currency to make people transact money without help of banks.In the mean time,bitcoin value grew very fast and many people started to buy bitcoins as an investment which would give good returns.They started to buy bitcoins instead of gold and hence it could be called as Digital Gold.but at the same time,bitcoin could be used to buy goods.Hence,it could also be called as Digital cash.
You are right sort of the two is the same because it is both digital means online or technology so it only matters with digital cash or gold though if we are talking about cash sort if it is small amount unlike gold sort of big a large investment to earn. On the other hand they are both the same because of the price right now , the price is big, sort of nice investment and also nice to earn some it to make it with your own fiat
I considered it as both things because we do know about bitcoin it serves as digital cash because we can able to use it on purchasing things online and other payment options that do accept bitcoin which is really great and also its also a digital gold considering on its moving price which is can be also served as an investment just like gold.Its price do increase and also deflates.
Bitcoin could be both termed as Digital cash and Digital gold.Satoshi created bitcoin as a digital currency to make people transact money without help of banks.In the mean time,bitcoin value grew very fast and many people started to buy bitcoins as an investment which would give good returns.They started to buy bitcoins instead of gold and hence it could be called as Digital Gold.but at the same time,bitcoin could be used to buy goods.Hence,it could also be called as Digital cash.
Its not gold and not even close on being crypto worlds own version of gold in real market on the physical world,its simply a digital cash that still cant be use on each payment processor and merchants around the world
Just as digital cold is a digital version of gold,bitcoin,we can say,is the digital version of cash.
Although it is irrelevant to compare bitcoin with anything as bitcoin is a unique concept.
Although it is irrelevant to compare bitcoin with anything as bitcoin is a unique concept.
It depends on how everyone as an individual makes use of Bitcoin. I personally see and use it more as something that can be seen as Gold. I am not really interested in using my coins for spending purposes. I use it as a store of value, where my main motive is to keep a large portion of my wealth outside the banking and governmental system. At the same time, the volatile nature of Bitcoin lends itself perfectly for investment/trading purposes, which is also what I am using Bitcoin for. For me the right term is indeed digital Gold.
I think bitcoin is digital cash because you need a wallet to store your bitcoin and if bitcoin is digital gold how can you store it.Some people say that bitcoin is a electronic or digital money.
It depends on how everyone as an individual makes use of Bitcoin. I personally see and use it more as something that can be seen as Gold. I am not really interested in using my coins for spending purposes. I use it as a store of value, where my main motive is to keep a large portion of my wealth outside the banking and governmental system. At the same time, the volatile nature of Bitcoin lends itself perfectly for investment/trading purposes, which is also what I am using Bitcoin for. For me the right term is indeed digital Gold.
I think bitcoin is digital cash because you need a wallet to store your bitcoin and if bitcoin is digital gold how can you store it.Some people say that bitcoin is a electronic or digital money.
It depends on how everyone as an individual makes use of Bitcoin. I personally see and use it more as something that can be seen as Gold. I am not really interested in using my coins for spending purposes. I use it as a store of value, where my main motive is to keep a large portion of my wealth outside the banking and governmental system. At the same time, the volatile nature of Bitcoin lends itself perfectly for investment/trading purposes, which is also what I am using Bitcoin for. For me the right term is indeed digital Gold.
I think bitcoin is digital cash because you need a wallet to store your bitcoin and if bitcoin is digital gold how can you store it.Some people say that bitcoin is a electronic or digital money. It's both. You can use bitcoins to pay for goods and to store value. For some people bitcoin is only way to pay over the Internet and for some it's method of wealth protection. In some countries, prices of official currencies are more voilatle than bitcoin. For me, it's method of buying games over the net.
Yes, but still,most people use paypal or their credit cards because the confirmation of the transaction is taking a lot of time as always. Usually we can't still buy goods using bitcoin here in our country, so we just store them and earn profit with them. So for us it is a digital gold.
Bitcoin is a store of value for me like gold so its an digital gold for me as I never spend them and save it for future hoping that price will go much higher in coming years which will allow me to become rich with my investments.
It's both. You can use bitcoins to pay for goods and to store value. For some people bitcoin is only way to pay over the Internet and for some it's method of wealth protection. In some countries, prices of official currencies are more voilatle than bitcoin. For me, it's method of buying games over the net.
Its all right, these how bitcoin works,a lot of way and benefits can be made using bitcoin. For me it is a way to earn and to save at the same time. I can earn extra and monitor my bitcoin the way I wanted it.
It's both. You can use bitcoins to pay for goods and to store value. For some people bitcoin is only way to pay over the Internet and for some it's method of wealth protection. In some countries, prices of official currencies are more voilatle than bitcoin. For me, it's method of buying games over the net.
Now, bitcoin is even expensive than gold, it already surpassed it.
Really? I though the price of gold was about $40m/ton.
Right now Bitcoin is not a Gold, It is presently used known as digital currency /virtual currency. Which is commonly used for online payment and can also be use for dong trade in the market, due it has the value that makes the company attracted by it features and the simple usage of bitcoin. Therefore, bitcoin is already better and greater than Gold.
I agree with this explanation,bitcoin is in its own league while gold lead in its own. Bitcoin was invented to be utilized up its needs in this changing times in this virtual world. Now, bitcoin is even expensive than gold, it already surpassed it.
for me bitcoin not more that payment. this is just personal opinion and don't take it deep but for me bitcoin help me with pay something that i need and never save it for long time
Answers to this question are constantly posted on this forum and on Reddit by people who are not software engineers/developers, nor product managers. Either that or they are truly terrible at their jobs. Reddit in particular has really turned into a garbage dump, but that's something for another discussion.
Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it.
Here's a teaser:
Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay?
Here are just a few important details that we need to know first:
- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?
- What tastes and preferences does Alice have/what prejudices her in certain ways?
We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value.
The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit
Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it.
Here's a teaser:
Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay?
Here are just a few important details that we need to know first:
- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?
- What tastes and preferences does Alice have/what prejudices her in certain ways?
We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value.
The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit
As for me bitcoin is simply money and not simple money but strong money. In the meaning that it serve to buy everything that can be paid (first) but even a money that in time will have increase in value. So, in other words, serve to pay now but even to be put aside in order to have much more valuable things in the future from it. Then if you call it with several other names but who aim to secure the above functions that depends only from you.
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