Bitcoin can be used like any other currency. So you can pay for any goods or services with bitcoin.
We can also do what we can with real money with bitcoin. That's why bitcoin is a money. The only difference is the digital money.
Topic: Is Bitcoin money? - page 133. (Read 112172 times)
Bitcoin is so much more than money. It is money++ Bitcoin is to money what C++ is to C. Bitcoin is the next generation of currency: it's object orientated currency (OOC), if you will!
I liked it on how you compared bitcoin to fiat as an example of c language. Well it is the generation of money with transactions that are being done with the use of internet. Bitcoin surely is a real money and it's legitimacy is unquestionable for us who are using jt and has experience for buying things with it.
What is questioned is the people are using bitcoin for money-laundering processes without governments knowing anything. Black money is what our country is currently trying to curb and so probably bitcoin will be declared as illegal currency here in India and we might soon face legal prosecution if we keep using it. However I hope the situation become better soon and our country to allow bitcoin.
Well bitcoin is abused and used that way and we know that there are people that are using it that way. I feel bad for your country for treating bitcoin soon as illegal currency. But I know you can still use it whenever you want, you just need to hide each of your transactions or don't let someone know that you are using it.
Bitcoin is not money, it's just a virtual currency that is not backed up by anything but users. In a short time he managed to develop very well, but the future is in doubt.
Here is the definition of "currency"
Quote
A currency in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins. A more general definition is that a currency is a system of money (monetary units) in common use
Bitcoin is a crypto currency using cryptography, the difference is bitcoin use decentralized control while others tradtionnaly are centralized electronic money
Bitcoin is so much more than money. It is money++ Bitcoin is to money what C++ is to C. Bitcoin is the next generation of currency: it's object orientated currency (OOC), if you will!
I liked it on how you compared bitcoin to fiat as an example of c language. Well it is the generation of money with transactions that are being done with the use of internet. Bitcoin surely is a real money and it's legitimacy is unquestionable for us who are using jt and has experience for buying things with it.
What is questioned is the people are using bitcoin for money-laundering processes without governments knowing anything. Black money is what our country is currently trying to curb and so probably bitcoin will be declared as illegal currency here in India and we might soon face legal prosecution if we keep using it. However I hope the situation become better soon and our country to allow bitcoin.
But, there's one thing you must do when you're living under government, to obey their rules
As to me, that's mostly bullshit
If, for example, some rogue government declared the US dollar as not real money or even outlawed it, would it affect its use as a true money in any degree? I guess that it wouldn't. Therefore, governments are irrelevant in this respect. A true money is that money which is used as money. Governments can make some token into money and later unmake it, but if people choose what to use as money on their own (say, Bitcoin), governments are pretty much powerless to forbid its usage as money. They can compete and eventually outcompete the people's money, of course, but they will have to compete on equal terms. Regarding obeying their rules, it is their rules, so if they choose to obey them I don't mind
But as long as I don't agree with them, I'm free to choose to disobey their laws. I'm the law!
I believe that BitcoinBTC is like money and better because use you can use it to buy all the things you wanted 
Bitcoin is not money, it's just a virtual currency that is not backed up by anything but users. In a short time he managed to develop very well, but the future is in doubt.
Currency and money is just the same the only thing difference from the traditional currency is being virtual or being digital. Bitcoin is just in the internet and there is no substitute for bitcoin physically but it works just like the traditional currency because you can use it in any transactions like buying or accepting payments.but unlike fiat money that has form and we can grasp and hold. Unlike the Bitcoin
that exists only on the Internet but we can change as a fiat money.
It's true that bitcoin we can't get on the paper but there are more important differences between real (fiat) money and bitcoin.
Real money is regulated by the central banks in each country, by the law and financial regulation.
Bitcoin is decentralized, no government control.
In the real world, you receive real money, as payment for your work/services directly at your bank account, with your full info (name, address etc).
You can also receive bitcoin as payment for real work/services offered directly to your bitcoin wallet but you don't need to reveal your identity.
So, in some aspects bitcoin is money but you can't report income from bitcoin to your tax office, for example.
It's not regulated yet.
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Bitcoin is so much more than money. It is money++ Bitcoin is to money what C++ is to C. Bitcoin is the next generation of currency: it's object orientated currency (OOC), if you will!
I liked it on how you compared bitcoin to fiat as an example of c language. Well it is the generation of money with transactions that are being done with the use of internet. Bitcoin surely is a real money and it's legitimacy is unquestionable for us who are using jt and has experience for buying things with it.
What is questioned is the people are using bitcoin for money-laundering processes without governments knowing anything. Black money is what our country is currently trying to curb and so probably bitcoin will be declared as illegal currency here in India and we might soon face legal prosecution if we keep using it. However I hope the situation become better soon and our country to allow bitcoin.
But, there's one thing you must do when you're living under government, to obey their rules.
Bitcoin is not money, it's just a virtual currency that is not backed up by anything but users. In a short time he managed to develop very well, but the future is in doubt.
Currency and money is just the same the only thing difference from the traditional currency is being virtual or being digital. Bitcoin is just in the internet and there is no substitute for bitcoin physically but it works just like the traditional currency because you can use it in any transactions like buying or accepting payments.but unlike fiat money that has form and we can grasp and hold. Unlike the Bitcoin
that exists only on the Internet but we can change as a fiat money.
It's true that bitcoin we can't get on the paper but there are more important differences between real (fiat) money and bitcoin.
Real money is regulated by the central banks in each country, by the law and financial regulation.
Bitcoin is decentralized, no government control.
In the real world, you receive real money, as payment for your work/services directly at your bank account, with your full info (name, address etc).
You can also receive bitcoin as payment for real work/services offered directly to your bitcoin wallet but you don't need to reveal your identity.
So, in some aspects bitcoin is money but you can't report income from bitcoin to your tax office, for example.
It's not regulated yet.
Bitcoin is not money, it's just a virtual currency that is not backed up by anything but users. In a short time he managed to develop very well, but the future is in doubt.
Currency and money is just the same the only thing difference from the traditional currency is being virtual or being digital. Bitcoin is just in the internet and there is no substitute for bitcoin physically but it works just like the traditional currency because you can use it in any transactions like buying or accepting payments.but unlike fiat money that has form and we can grasp and hold. Unlike the Bitcoin
that exists only on the Internet but we can change as a fiat money.
Bitcoin is so much more than money. It is money++ Bitcoin is to money what C++ is to C. Bitcoin is the next generation of currency: it's object orientated currency (OOC), if you will!
I liked it on how you compared bitcoin to fiat as an example of c language. Well it is the generation of money with transactions that are being done with the use of internet. Bitcoin surely is a real money and it's legitimacy is unquestionable for us who are using jt and has experience for buying things with it.
What is questioned is the people are using bitcoin for money-laundering processes without governments knowing anything. Black money is what our country is currently trying to curb and so probably bitcoin will be declared as illegal currency here in India and we might soon face legal prosecution if we keep using it. However I hope the situation become better soon and our country to allow bitcoin.
Some consider bitcoin as commodity like gold and they just use it as an investment.Thats why they say it as Digital Gold.
Some say bitcoin as money since it is used to buy any products just like money and so they consider it as money.More over,just like money,it is also used for transactions.
Since Bitcoin has both the features,we can say it as both money as well as commodity.
Some say bitcoin as money since it is used to buy any products just like money and so they consider it as money.More over,just like money,it is also used for transactions.
Since Bitcoin has both the features,we can say it as both money as well as commodity.
This shows that bitcoin is a hybrid of both traditional fiat currency and a digital currency. It has a large acceptance and so the price of bitcoin is very high considering the local currencies. Thus people want to buy and sell bitcoin and make profits out of trading. it is also used a currency but I think usage as a trading material is more than as a currency because in many countries bitcoin is not yet popular and not many merchants accept it
"Traditional fiat currency" has been a digital currency for decades already
If you refer to cash as "traditional fiat currency", then Bitcoin cannot possibly be a hybrid of these since Bitcoin, unlike fiat currencies, has nothing to do with cash altogether. I'd rather consider it a step ahead from fiat currencies as such (both "traditional" and digital) but certainly not in terms of how digital it is. Fiat currencies are as digital as Bitcoin can ever be (but not only digital, of course). Other than that, there is nothing extraordinary in using fiat currencies as commodities, either. That's what currency markets are basically involved in (i.e. in trading money as commodity)
This is a far-stretched comparison with cash
Cash nowadays in not backed up by anything. Besides, I don't understand how Bitcoin itself is backed up by "legitimate value". What is this legitimate value and why fiat doesn't have it since you seem to be implicitly assuming that fiat lacks it? Care to explain? If anything, fiat is closer to being "legitimate" money since it is officially made legal by the government (the same entity which decides what is legal and what is not) and is said be backed up by the power and might of that government
Bitcoin is so much more than money. It is money++ Bitcoin is to money what C++ is to C. Bitcoin is the next generation of currency: it's object orientated currency (OOC), if you will!
I hope the next money won't be like Java
Bitcoin is not money, it's just a virtual currency that is not backed up by anything but users. In a short time he managed to develop very well, but the future is in doubt.
Another paid shill detected
No currency today is backed up by anything but something no less virtual or ephemeral, for example, government power and might (which people often bring as an example). Given how many weak and corrupt governments are out there, Bitcoin shines against them. Ultimately, any currency at large (even hard asset currencies like those under gold standard) are backed up by nothing but trust. In case of hard currencies, it will be the trust in the underlying asset (say, gold) that it won't devalue overnight. Whether it can or not is another question, though, but it still comes down to trust in the end
Bitcoin is not money, it's just a virtual currency that is not backed up by anything but users. In a short time he managed to develop very well, but the future is in doubt.
Currency and money is just the same the only thing difference from the traditional currency is being virtual or being digital. Bitcoin is just in the internet and there is no substitute for bitcoin physically but it works just like the traditional currency because you can use it in any transactions like buying or accepting payments.
Bitcoin is not money, it's just a virtual currency that is not backed up by anything but users. In a short time he managed to develop very well, but the future is in doubt.
Bitcoin is an online currency. It is the first online currency who became successful in the online market. It started last 2009 and now it is already worth Php 58,800+ . Bitcoin is also being used as payment now on different online shops/merchants . It serves as a money on the internet nowadays. Yes, it is not an actual paper or coin money which we usually pay on every transactions we do but it is also being used now on most transactions on the online market .
Bitcoin is so much more than money. It is money++ Bitcoin is to money what C++ is to C. Bitcoin is the next generation of currency: it's object orientated currency (OOC), if you will!
I liked it on how you compared bitcoin to fiat as an example of c language. Well it is the generation of money with transactions that are being done with the use of internet. Bitcoin surely is a real money and it's legitimacy is unquestionable for us who are using jt and has experience for buying things with it.
Everything used as a means of exchange can be money. Mankind has used different clearing tools throughout history.
Bitcoin can be used as a exchange tool, such as gold and silver. People's demands determine the value of a exchange tool.
Bitcoin is a valuable exchange tool.
Simple, just about anything can become money if people are willing to accept it in exchange for goods and services. That can explain why suddenly some pieces of paper turns around to worth so much but with no one willing to accept them as medium for exchange, they would probably end up as toilet tissue paper. Bitcoin can be used as a exchange tool, such as gold and silver. People's demands determine the value of a exchange tool.
Bitcoin is a valuable exchange tool.
Bitcoin is so much more than money. It is money++ Bitcoin is to money what C++ is to C. Bitcoin is the next generation of currency: it's object orientated currency (OOC), if you will!
I think your exemple about C and C++ is nice, man. By this exemple I think bitcoin is an edited copy of money. or maybe a copy was updated. Of course it's more great than real money. I mean here it's better than any currency( crypto or real ). When you ask me why. I should reply by: Go check the price please.
Bitcoin trade is allowed all over the world there is no any restriction on that and it is also used as a currency all over the world but for people private dealings not for state dealings and now only Japan have approved it as a currency for their state so the chances appeared that countries are accepting it.
This definition simply means Bitcoin is money. When it is accepted as method of payment for any goods, it is considered as money. Aside from Japan, there are lots of merchants around the world who accept Bitcoin as method of payment so I guess that is enough to say Bitcoin is money.
Since the beginning made in 2009 bitcoin already called money but work as cryptocurrency. Moreover, for nowadays bitcoin is growing and begin to be accepted as a payment methode. As a currency, that is not enough, bitcoin should be better known by all whole of society.
Bitcoin is so much more than money. It is money++ Bitcoin is to money what C++ is to C. Bitcoin is the next generation of currency: it's object orientated currency (OOC), if you will!
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