Topic: Is Bitcoin money? - page 111. (Read 112173 times)
Yes bitcoin is an electronic money. Some stores in the Philippines already used bitcoin in change of the product that they are selling. I believe that in the future the bitcoin will have a good destiny and it will be used as a money currency in our country and many people will discover and use bitcoin for a wise and good money.
In my views, I would not call Bitcoin as money itself but as a way of growing it because it is currently being used more as an investment asset by investors thinking to profit from a currency so liquid which would definitely give them some great returns for the same.
Bitcoin more than money. Bitcoin became one of my choices in investing. And in investing risk of loss there must be, therefore i use bitcoin for altcoin trading.
yes bitcoin is more than money there is no doubt about that. people are now using bitcoin for different purpose. they are using bitcoin for online shopping and business as well as now they are using it in local shops, but the facilities of using bitcoin in local shops are only available in big cites because in small cities the users of bitcoin are not too much. that is why the shopkeepers are not ready to use accept bitcoin from them. but in future we can hope that the will also start accepting bitcoin. Yes.
Bitcoin is a internet money which we can use it everywhere.
I think it is clear that bitcoin is a currency, but it is digital. And you're right. Bitcoin can be used anywhere because bitcoin has a rate or a priceBitcoin is a internet money which we can use it everywhere.
Yes, bitcoin is a digital currency of a new generation, because it can not only pay off, but also earn on the growth of prices.
Yes.Bitcoin is money since it provides us the things that we need in surviving everyday.It also gave us source of income even if we're not putting most of our time like what in a regular job does.
When you say bitcoin everyones comes into thier mind that it is money. Yes that's true because bitcoin is money which provides everything when you start earning but you cannot earn if yo will not give effort into it so you need to have some effort to earn double. 
Bitcoin is something radically new. Nothing like Bitcoin has been possible until now. I would go so far as to consider it sui generis; "in its own class". This makes it important to understand what Bitcoin actually is before we try to describe it to others.
We're getting a good handle on the code, and of course on Bitcoin's function and utility, but what words should we use to describe Bitcoin itself? There has been some debate in other threads [mostly my doing] over how it is like/not like money, cash, dollars, etc. I'd like to start this thread by focusing on the term "money", and play Devil's avocate by asking for your best arguments that Bitcoin IS money.
My legal dictionary states "In usual and ordinary acceptation it [money] means gold, silver, or paper money, used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." [cites omitted]
Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted]
Webster's Online Dictionary defines money as:
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I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.
But that is just my point of view. Are there any that can convincingly argue otherwise, that Bitcoin IS money?
We're getting a good handle on the code, and of course on Bitcoin's function and utility, but what words should we use to describe Bitcoin itself? There has been some debate in other threads [mostly my doing] over how it is like/not like money, cash, dollars, etc. I'd like to start this thread by focusing on the term "money", and play Devil's avocate by asking for your best arguments that Bitcoin IS money.
My legal dictionary states "In usual and ordinary acceptation it [money] means gold, silver, or paper money, used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." [cites omitted]
Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted]
Webster's Online Dictionary defines money as:
- 1. The most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us".
- 2. Wealth reckoned in terms of money; "all his money is in real estate".
- 3. The official currency issued by a government or national bank; "he changed his money into francs".
- 4. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by the sovereign authority as a medium of exchange in financial transactions between citizens and with government; also, any number of such pieces; coin.
- 5. Any written or stamped promise, certificate, or order, as a government note, a bank note, a certificate of deposit, etc., which is payable in standard coined money and is lawfully current in lieu of it; in a comprehensive sense, any currency usually and lawfully employed in buying and selling.
- 6. In general, wealth; property; as, he has much money in land, or in stocks; to make, or lose, money.
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I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.
But that is just my point of view. Are there any that can convincingly argue otherwise, that Bitcoin IS money?
excellent explanation...
Bitcoin money is a means of exchange into money that is officially used by the country itself so that its inhabitants can use it.
Bitcoin has a market rate or price. So bitcoin can be used to be exchanged for certain goods or with money. According to the rate. But bitcoin I think with that sense can be called as currency
Bitcoin more than money. Bitcoin became one of my choices in investing. And in investing risk of loss there must be, therefore i use bitcoin for altcoin trading.
The value of the bitcoin is one of the greatest foundation of the efforts of the people who are earning it and i can say that it is worth it to buy or earn bitcoin because of its value and yes bitcoin is money because a lot of things can really possible with bitcoin such as buying and paying things and also you can make it as an investment.
yes right, bitcoin is money. in real money we put some efforts and time to earn it.that is like what we do with bitcoin, we put some time and effort to earn bitcoins, we need to provide our family needs, and to provide our neccessities, bitcoin is money. It is only in the internet but for me it is like the real ones it can provide everyone needs also. Yes.Bitcoin is money since it provides us the things that we need in surviving everyday.It also gave us source of income even if we're not putting most of our time like what in a regular job does.
Exactly. Bitcoin is really a money because if its not then people wont give an effort or time to be in this kind of campaign but they give thier tome because they earned so much.
Yes.Bitcoin is money since it provides us the things that we need in surviving everyday.It also gave us source of income even if we're not putting most of our time like what in a regular job does.
yes bitcoin is a money, because we can pay our bills from it and we can provide the needs of our family. in my online wallet i can directly pay our electric bills and our water bills, i can also pay some thing that we can pay their. and now i am able to buy my stuffs that i am needed, bitcoin is really a big help and it helps me a lot each day.
It's a great thing to live in your country, everything is so good for bitcoin. My country is different, I have to sell it, I can only deal with cash. Even so, I can still assert that bitcoin is money, it's really money, a valuable currency.
Yes.Bitcoin is money since it provides us the things that we need in surviving everyday.It also gave us source of income even if we're not putting most of our time like what in a regular job does.
yes bitcoin is a money, because we can pay our bills from it and we can provide the needs of our family. in my online wallet i can directly pay our electric bills and our water bills, i can also pay some thing that we can pay their. and now i am able to buy my stuffs that i am needed, bitcoin is really a big help and it helps me a lot each day.
Yes.Bitcoin is money since it provides us the things that we need in surviving everyday.It also gave us source of income even if we're not putting most of our time like what in a regular job does.
Thats right bitcoin is money because its give to us opportunity to earn money what status you are even you are single, meried, student and etc bitcoin is here for you. Those people for sure their source of income is bitcoin . Like me Im student I earned money everyweek because of bitcoin. If you see the price of bitcoin its already 2700 dollars and thats real money to those people have bitcoin on this and if they decided to sell bitcoin now they can earn a lot of money so bitcoin is real money you can money by using and holding bitcoin! Yes.Bitcoin is money since it provides us the things that we need in surviving everyday.It also gave us source of income even if we're not putting most of our time like what in a regular job does.
Exactly. Bitcoin is really a money because if its not then people wont give an effort or time to be in this kind of campaign but they give thier tome because they earned so much. 
Yes.
Bitcoin is a internet money which we can use it everywhere.
I think it's a bit hard to understand that bitcoin can be used anywhere for spending like using money? Because in fact all bitcoin users are still having trouble using bitcoin to shopBitcoin is a internet money which we can use it everywhere.
Yes.Bitcoin is money since it provides us the things that we need in surviving everyday.It also gave us source of income even if we're not putting most of our time like what in a regular job does.
It is money from the moment you can buy anything with them.
The only problem I see is the volatility it has, Will not leave a massive adoption.
The only problem I see is the volatility it has, Will not leave a massive adoption.
Bitcoin is a digital money but its same as real money as we can earn it in different ways and also use it for buying goods like paper money so the features of bitcoin are similar to that of real money.
yes. money for the internet. it is being use to settle with whoever paid for anything.
Who wants to spend something that in a month may be worth twice as much?
Yes it is money because we can use it to by our needs and we can use it to provide our daily needs, for those who has no jobs for now they might consider bitcoin as an altenative for them to earn money when they have no jobs yet.
Yes its true, because some people dont have jobs but focusing here in bitcoin they earned more compared to the people who are working anywhere. That's why I really agree that bitcoin is really a money once you convert it into cash.there full of risk here and that depends on individual if ha will take the risk.
AFAIK, most of the people are non risk takers so they will not enter into bitcoin, they love the traditional way.
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