Topic: Is Bitcoin money? - page 112. (Read 112169 times)

The opportunity to make more money is here but it does not mean it is better than having a job,
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.

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.

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.
Bitcoin is a internet money which we can use it everywhere.

Well, we can use bitcoin as a transaction tool, even today bitcoin prices are rising at a very high price. It can make you buy whatever you want if you have enough bitcoin. Well, I think bitcoin has function as money when it has price.

Bitcoin allows us to buy anything by exchanging it either directly or by selling it to fiat so if we can buy any thing using bitcoins then there is no difference between real money and bitcoins as the main purpose is to spend it like other currency and bitcoin is best currency when it comes to online shopping.

I agree with you bitcoin is really a money because when the value of the currency increase you then eventually convert it and turn into cash which will you used anywhere and its really a good investment to everybody because it only depends in you if you will convert it easily to cash or live it as it is and also considered as savings as well.

It's money because anytime you can exchange it to fiat and enjoy the money. This type of money is more valuable that fiat for us because the value is growing and it gives us a good return of our investment. Not most of the people knew about bitcoin so I am expecting the moment they know it will create big demands and will eventually increase the value.

Yes.
Bitcoin is a internet money which we can use it everywhere.

You have made it very simple if you can pay your bills with it and can shop thing with the bitcoin then it is proved that it is money. Being acceptable as a medium of exchange for the goods and services makes me call it money. If you say that it doesn’t have a physical existence it is true it is just like the balance in your mobile.

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:

• 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?

i dont agree with you, for me everything that has a value , can be converted, can be use to buy something is actually a money, we cannot see it , we cannot hold it  but still we can use it to buy our goods and pay our bills, in the online bitcoin wallet that we have been using we can pay our bills directly but it has a fee also but a little bit compared to the amount that needed to be pay.

Uh-oh, it kinda looks you are neither from China nor Japan

I know that you are from Italy, so it is forgivable that you might not know the history. Japan and China are likely the worst enemies that nations could ever be. And thus it shouldn't be completely ruled out that Japan accepted Bitcoin as a means of payment specifically to spite China. Apart from that, I don't see a lot of reasons why countries should be helping each other when they are in fact more often than not competing between themselves (and sometimes even fighting and killing their folks)

Of course bitcoin is money, in fact it has his own market and cryptocurrency in the flow of his value always in the moved, i dont doubt that bitcoin have a place in the near future in the wolrd economy.

to me i think we can exchange bitcoin in to fiat. but we do not feel the need, because we can use bitcoin for shopping everything without changing it in to fiat currency, because most of the big onlne shops accepting bitcoin for shopping.

Bitcoin is money for me because you can exchange it into fiat. Also even online bitcoin is indeed a money were theres some online store that accept bitcoin. Last, fast transactions when exchange into fiat.