Yes, there's no doubt that bitcoin is a real money itself. And we aren't going to be here if bitcoin doesn't have a real value of money or it doesn't have to be considered as money. But because it is a real money we are in it and treating it also as an investment while we are using it for trading and buying other stuffs online.
I guess since its creation too, bitcoin has been used as a medium of exchange in darkweb. although it darkweb, but still inside their trade, and they use bitcoin as its currency. so, I guess, without knowing it, we all have to use bitcoin as money on the internet.
Topic: Is Bitcoin money? - page 129. (Read 112173 times)
Bitcoin isn't money unless the Government says it is. We would have have to wait till the Government approves Bitcoin.
This is partially true:
BTC IS money, to a small portion of the world.
In the US (where i live), it is NOT money (according to my govt)
Case in point:
Say i am a store owner and someone wants to buy a computer i have advertised for $1000, for $1000 in cash. I tell them no, gtfo. They can actually get various police / courts involved to enforce this
You claim to live in the US but you don't know the laws of your own country
I refer to specific laws regulating the trade and currency in which the trade should be made. The US dollar is legal tender in the US, but that just means that the government is obliged to accept the American dollars as a payment "for all debts, public charges, taxes, and dues". But that doesn't mean that you, as a private seller, can't refuse to have business with anyone (for example, if he wishes to pay you with dollars), and that basically means that the purchaser cannot call police to force you to accept payments in the US dollars
Now it is a piece of paper that is an IOU that the government says, "this is our property and we are giving it to you so you can purchase things in this country"
Which property is owed exactly, a piece of paper? And why should government owe you anything in the first place? Typically, it is you who owes them some amount of money, for example, taxes
For me bitcoin is money but it is not in physical form like fiat that we can actually hold or carry. It is money because we can purchase things and make bitcoin as our payment.
you are right that bitcoin is not in physical form but bitcoin has all those features as fiat money, we can use it to buy things in online shops, we can use it for payment and for investment in any business. Bitcoin isn't money unless the Government says it is. We would have have to wait till the Government approves Bitcoin.
This is partially true:
BTC IS money, to a small portion of the world.
In the US (where i live), it is NOT money (according to my govt)
Case in point:
Say i am a store owner and someone wants to buy a computer i have advertised for $1000, for $1000 in cash. I tell them no, gtfo. They can actually get various police / courts involved to enforce this.
Now consider that same computer i have for sale and someone comes up to me and says they want to give me 1btc or even 1000 euros or pounds for it.
I can tell them to gtfo without incident because the us govt does not recognize any of those currencies.
Money is basically an IOU that is communally agreed upon
I'm curious how many people got confused after reading this sentence
But you are welcome to explain who owes whom exactly since IOU obviously stands for "I owe you", though I don't think that I for one owe you anything. In the same way, if someone is paying you with money which is an IOU, does it mean that he owes you anything? I don't think so. But then again, you are welcome to explain in simple terms how money is "basically an IOU". But please try making your explanation comprehensible, show us that you understand yourself what money actually means
Not sure about other fiats but the USD is an IOU "backed" by the us govt.
Before it was taken off the gold/silver standard, it was an IOU that was pegged to a certain chunk of commodity (silver or gold).
Now it is a piece of paper that is an IOU that the government says, "this is our property and we are giving it to you so you can purchase things in this country".
Money is something generally accepted as a medium of exchange, a measure of value, or a means of payment. It can have different forms. Just as stone bracelets used to represent money back in ancient times why can't bitcoin serve as such?
Bitcoin is definitely money. You can use it to buy and sell items which definitely classifies it as money. Also, it is worth a lot of USD.
For me bitcoin is money but it is not in physical form like fiat that we can actually hold or carry. It is money because we can purchase things and make bitcoin as our payment.
Yes, there's no doubt that bitcoin is a real money itself. And we aren't going to be here if bitcoin doesn't have a real value of money or it doesn't have to be considered as money. But because it is a real money we are in it and treating it also as an investment while we are using it for trading and buying other stuffs online.
I guess since its creation too, bitcoin has been used as a medium of exchange in darkweb. although it darkweb, but still inside their trade, and they use bitcoin as its currency. so, I guess, without knowing it, we all have to use bitcoin as money on the internet.
Money performs many functions. They are used not only as payment. For ordinary people, they are considered only as payment. For the economy of the country - this is an important tool. Bitcoin does not have the functions of supporting the economy. Therefore, it can not be called full-fledged money in the sense that exists now
Bitcoin is money just as much as gold is. It's similar to precious metals. If there was no market for them they would be worth nothing but there's a huge market for cryptocurrencies AND precious metals. In my opinion bitcoin will do nothing but rise in price over time and is very precious "money" to hold indeed.
I need to disagree with you, bitcoin is not a money, the same with gold, they may be the same but not as money, they are assets, they are being sold or saved to earn money. Gold may be used to pay in the past, but not today. And you can say it is similar to precious metals, bitcoin is digital currency
I think many people would strongly disagree with you as well
Both in respect to Bitcoin not being money and gold not being money either. But you may still claim they know nothing but only you know the lie of the land. But what about Alan Greenspan, the former Fed Chairman, who admits himself that "gold is a currency", that "it is still, by all evidence, a premier currency". and then "no fiat currency, including the dollar, can match it". And I essentially agree with him. While gold is not used as an everyday currency with which you pay for your daily stuff, it still remains the ultimate currency which will be used when all paper gets burned eventually. This is a means of final settlement of accounts between countries, that's why Greenspan calls it a premier currency. And he certainly knows what he talks about
Bitcoin isn't money unless the Government says it is. We would have have to wait till the Government approves Bitcoin
Are you a government (the Government) employee?
If so, then I prompted to ask a question, why are you enrolled in a signature campaign? Or, maybe, you are just one of group of paid shills that are roaming the forum in massive numbers nowadays? I guess you should put your money (that should obviously be bitcoins) where your mouth is. In other words, if Bitcoin is not money, all altcoins have even less footing to be called money. So what are you doing here then?
Yes, there's no doubt that bitcoin is a real money itself. And we aren't going to be here if bitcoin doesn't have a real value of money or it doesn't have to be considered as money. But because it is a real money we are in it and treating it also as an investment while we are using it for trading and buying other stuffs online.
Bitcoin is a money but in a digital form as you can exchange it to real money and you can also buy goods from it moreover you can also receive and send funds across the globe which puts it in the same category of real money.
I agree.
Bitcoin is a money but in form of digital. Just like the real money, you can buy some things like food, clothings or appliances using bitcoin. And sometimes in some place or establishments bitcoin is accepted. Just like in starbucks that accepts bitcoin as a payment. Bitcoin nowadays has a very helpful hand of real money. 
Bitcoin isn't money unless the Government says it is. We would have have to wait till the Government approves Bitcoin.
There are only one answer in this thread and one question to answer the question on the title.Is bitcoins use for payment for an medium of exchange?yes is the answer right therefore bitcoins is money just like usd and other fiat currencies around the world.
For me Yes bitcoin is money actually it is a virtual currency when we use in many transaction that means we use it as our money for exchange for services or to buy things in the market where they accepting bitcoins. But we can also exchange bitcoin for money we know that bitcoin cost a thousand dollars and thats a lot of money.
It is a relatively new technology, and with many aspects that need to be better defined. But for me it is clear the fact that Bitcoin is money. In addition to being decentralized, and having a more efficient issuance than centralized currencies, there are thousands of people using Bitcoin every day, be it to store value, or to pay bills and buy things.
Bitcoin is very precious to us hence it is clearly money, an internet money to be exact, but this money is different from fiat where it inflates over time, bitcoin is not subject to inflation and in fact it could give us a fortune when the price will dramatically increase due to the increasing demand. Let's be more optimistic with bitcoin value and futuristic as well, the future is bright so it's good to have at least 1 bitcoin now.
It is a relatively new technology, and with many aspects that need to be better defined. But for me it is clear the fact that Bitcoin is money. In addition to being decentralized, and having a more efficient issuance than centralized currencies, there are thousands of people using Bitcoin every day, be it to store value, or to pay bills and buy things.
Bitcoin is more of an asset then money. It's better to spread your money over assets anyway. It doesn't matter what it is as long as it's worth something and has values then maybe if you make good choices you can even profit over it.
An asset is something that is planned for the long term and not used for the needs of every day, your comment is nice, but I use bitcoin as a currency in everyday situations, so there are different views here, so the asset is passive such as gold and land property, so bitcoin is not included in it.
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