Is Bitcoin money? - page 144. | Bitcointalksearch.org

stripykitteh

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Quote from: Cherylstar86 on March 26, 2017, 04:30:25 AM

This thing is a common sense for us because if bitcoin can be a source of fiat cash, well it can be considered a money. Because if that option we made it as a source of our needs also in a particular needs that we are spending cash for. Everytime we spent a cash money using paper type of money exchange, it helped us through the desperated days of our lives specially when we urgently need that money for our daily living.

I don't understand your reasoning when you post that it's common sense. Bitcoin isn't money because it could get transacted and turned into something that some random people say that has value.
Bitcoin is just a product, it isn't money. If Bitcoin was money then wouldn't it make sense if Bitcoin was approved to put as a Currency within the IMF?
Bitcoin is the easiest product that could get transacted and act as money, though I won't consider Bitcoin as money.

teilwalL05

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Quote from: Creepings on March 26, 2017, 04:34:33 AM

I think we have our own opinions and explanations about this topic, and we must respect such opinion and explanation. I think I will just describe bitcoin as I use it, so for me, bitcoin is not a money, it is an asset I use to earn fiat money. I earn bitcoin from signature campaign and bounties. I cant really buy things with bitcoin because here in our country, bitcoin is not a that popular and not accepted mostly by stores.

Well I think you have a point and in my latest post I have said that bitcoin is a money that you can certainly buy certain things that are available with bitcoin but this transaction are only available in certain countries, and I think currency or fiat money really are accepted in all aspects of transaction and in many countries in the world bitcoin doesn't have a direct transaction that is why just like you have said bitcoin is an asset that you are saving so you can exchange it with certain currency in the world.

Andre_Goldman

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Property1of1OU

I think bitcoin/blockchain is some sort of "distributed time and ordering system" ... I don't know maybe like Lamport timestamps Huh

( https://en.wikipedia.org/wiki/Lamport_timestamps ) ...

I even don't know where 2 hours gap came from ...

Quote

Each block contains a Unix time timestamp. In addition to serving as a source of variation for the block hash, they also make it more difficult for an adversary to manipulate the block chain.
A timestamp is accepted as valid if it is greater than the median timestamp of previous 11 blocks, and less than the network-adjusted time + 2 hours. "Network-adjusted time" is the median of the timestamps returned by all nodes connected to you. As a result, block timestamps are not exactly accurate, and they do not even need to be in order. Block times are accurate only to within an hour or two.
Whenever a node connects to another node, it gets a UTC timestamp from it, and stores its offset from node-local UTC. The network-adjusted time is then the node-local UTC plus the median offset from all connected nodes. Network time is never adjusted more than 70 minutes from local system time, however.
Bitcoin uses an unsigned integer for the timestamp, so the year 2038 problem is delayed for another 68 years.
source: https://en.bitcoin.it/wiki/Block_timestamp

PS-> BTW, I'm playing here with GnuPG ... testing --faked-system-time flag ... interesting ..

Creepings

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I think we have our own opinions and explanations about this topic, and we must respect such opinion and explanation. I think I will just describe bitcoin as I use it, so for me, bitcoin is not a money, it is an asset I use to earn fiat money. I earn bitcoin from signature campaign and bounties. I cant really buy things with bitcoin because here in our country, bitcoin is not a that popular and not accepted mostly by stores.

Cherylstar86

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This thing is a common sense for us because if bitcoin can be a source of fiat cash, well it can be considered a money. Because if that option we made it as a source of our needs also in a particular needs that we are spending cash for. Everytime we spent a cash money using paper type of money exchange, it helped us through the desperated days of our lives specially when we urgently need that money for our daily living.

Ashong Salonga

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Quote from: CODE200 on March 25, 2017, 10:03:12 PM

Yes i consider bitcoin the new money because we can now buy things using bitcoin just like a real money. Bitcoin has been a big help to people who have been using bitcoin. Maybe bitcoin can be the future money.

I also consider that bitcoin is money because like money, bitcoin is using for transaction. Bitcoin can be used for their daily expenses. Bitcoin is a form of money that can be used in online. As long as bitcoin has a value and can be used in any transaction, you can called it as a money.

NEWGOODOUBLE

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Quote from: barota on March 18, 2017, 09:46:01 AM

Bitcoin is money
we are in 2017 . btc ---------1300 usd
Yeah . It is money and profit
If you did not rush
bitcoin .you must patience

although many users said that bitcoin is money but there are still many users who have difficulty spending bitcoin in the real world? #nicequestions Lol

EeroTemel

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For me bitcoins are real money because I have ATM's here and I can easily buy some bitcoins and sell them too.
Added to this they give me freedom because i don't have to worry about ID proofs being asked by wallets like paypal and others.

CODE200

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Yes i consider bitcoin the new money because we can now buy things using bitcoin just like a real money. Bitcoin has been a big help to people who have been using bitcoin. Maybe bitcoin can be the future money.

barota

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Bitcoin is money
we are in 2017 . btc ---------1300 usd
Yeah . It is money and profit
If you did not rush
bitcoin .you must patience

Reid

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Quote from: Labumi on March 18, 2017, 08:58:15 AM

Quote from: JANGKRIK BOSS on March 17, 2017, 06:01:11 AM

Anything that can be used to buy and sell transactions certainly we can equate with money, bitcoin is money because a lot and be accepted to buy anything and many people collect it.

very precisely. Because money is a tool used to change something with the product, goods or services we want. So if there is something that can be exchanged by the service, product, and then it can be equated with money, so bitcoin is money and every money has its benefits. Bitcoin is a currency which is very superior in all respects, so that lucky those that use and believe in the bitcoin.Much better investment if you want to get an advantage in the bitcoin

Yes. They made money to make the rrades easier and faster so everything that can be traded is supposed to be money.
I think before there is hard time on how to equal things with poultry trades or vegetables so they made gold coins to make it convenient.
So if bitcoin does that it is almost the same with those gold coins or now we call money.
And i bought it with fiat so there is a value for it right?

Labumi

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Quote from: JANGKRIK BOSS on March 17, 2017, 06:01:11 AM

Anything that can be used to buy and sell transactions certainly we can equate with money, bitcoin is money because a lot and be accepted to buy anything and many people collect it.

very precisely. Because money is a tool used to change something with the product, goods or services we want. So if there is something that can be exchanged by the service, product, and then it can be equated with money, so bitcoin is money and every money has its benefits. Bitcoin is a currency which is very superior in all respects, so that lucky those that use and believe in the bitcoin.Much better investment if you want to get an advantage in the bitcoin

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Quote from: carlfebz2 on March 18, 2017, 08:46:53 AM

Quote from: romero121 on March 18, 2017, 08:43:59 AM

Quote from: BlackPanda on March 18, 2017, 08:17:46 AM

Quote from: hero1111 on March 18, 2017, 08:00:33 AM

What is real money mean ? for me if i can buy someting and if i can investment and if i can exchange it or if i can barrow if i spent it and it is mean this is real money mean and i can do what i said with bitcoin so i can say bitcoin is real money but there is a one problem with bitcoin , Bitcoin is not legal money and many countries dont except it like real money.

I agree with you . today bitcoin can be used like other real money. but we still have to fight the law governing bitcoin. basically we all expect bitcoin can be clearly recognized by the world.

Bitcoin can be used same us our traditional currency. The volatility is the major factor on which merchants show hesitation to accept bitcoin. Because of this the usage as currency is found low. Even now the volatility is experienced much causing a big variation of price around $100 and more.

Volatility of prices is the main reason why merchants dont really like to accept bitcoin on their businesses because of this problem and we all know they wont allow they would get negative profits when price of bitcoin fluctuates but speaking on other thing bitcoin is indeed considered as money at all.

that was not the real problem why a lot of merchant ignored bitcoin ,
the main problem is when the confirmation sometimes take too long time ,
and it is make them concern ,
common issue indeed but it is important to noticed.

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Quote from: romero121 on March 18, 2017, 08:43:59 AM

Quote from: BlackPanda on March 18, 2017, 08:17:46 AM

Quote from: hero1111 on March 18, 2017, 08:00:33 AM

What is real money mean ? for me if i can buy someting and if i can investment and if i can exchange it or if i can barrow if i spent it and it is mean this is real money mean and i can do what i said with bitcoin so i can say bitcoin is real money but there is a one problem with bitcoin , Bitcoin is not legal money and many countries dont except it like real money.

I agree with you . today bitcoin can be used like other real money. but we still have to fight the law governing bitcoin. basically we all expect bitcoin can be clearly recognized by the world.

Bitcoin can be used same us our traditional currency. The volatility is the major factor on which merchants show hesitation to accept bitcoin. Because of this the usage as currency is found low. Even now the volatility is experienced much causing a big variation of price around $100 and more.

Volatility of prices is the main reason why merchants dont really like to accept bitcoin on their businesses because of this problem and we all know they wont allow they would get negative profits when price of bitcoin fluctuates but speaking on other thing bitcoin is indeed considered as money at all.

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Quote from: BlackPanda on March 18, 2017, 08:17:46 AM

Quote from: hero1111 on March 18, 2017, 08:00:33 AM

What is real money mean ? for me if i can buy someting and if i can investment and if i can exchange it or if i can barrow if i spent it and it is mean this is real money mean and i can do what i said with bitcoin so i can say bitcoin is real money but there is a one problem with bitcoin , Bitcoin is not legal money and many countries dont except it like real money.

I agree with you . today bitcoin can be used like other real money. but we still have to fight the law governing bitcoin. basically we all expect bitcoin can be clearly recognized by the world.

Bitcoin can be used same us our traditional currency. The volatility is the major factor on which merchants show hesitation to accept bitcoin. Because of this the usage as currency is found low. Even now the volatility is experienced much causing a big variation of price around $100 and more.

BlackPanda

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Quote from: hero1111 on March 18, 2017, 08:00:33 AM

What is real money mean ? for me if i can buy someting and if i can investment and if i can exchange it or if i can barrow if i spent it and it is mean this is real money mean and i can do what i said with bitcoin so i can say bitcoin is real money but there is a one problem with bitcoin , Bitcoin is not legal money and many countries dont except it like real money.

I agree with you . today bitcoin can be used like other real money. but we still have to fight the law governing bitcoin. basically we all expect bitcoin can be clearly recognized by the world.

hero1111

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What is real money mean ? for me if i can buy someting and if i can investment and if i can exchange it or if i can barrow if i spent it and it is mean this is real money mean and i can do what i said with bitcoin so i can say bitcoin is real money but there is a one problem with bitcoin , Bitcoin is not legal money and many countries dont except it like real money.

teilwalL05

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Quote from: Text on March 18, 2017, 01:33:11 AM

I consider bitcoin as money because it helps me to make real money online. Bitcoin is a currency and currency is a money and one more thing it is also stores in a wallet. I know it is not yet controlled or regulated by the government but I have my own understanding.

That's the spirit, I really think that way too and anything that can buy me a pair of socks is considered to be one! well In my opinion bitcoin and money have similarities the only thing that are very Unsimilar is bitcoin is decentralize and needs online wallet to be stored and you need to convert your bitcoin with fiat, but that similarity was also include in fiat when you are in other countries you need to exchange your money with the currency need on that particular country that is why bitcoin is also and can be called money!

Text

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I consider bitcoin as money because it helps me to make real money online. Bitcoin is a currency and currency is a money and one more thing it is also stores in a wallet. I know it is not yet controlled or regulated by the government but I have my own understanding.

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Quote from: Jelly0621 on March 18, 2017, 12:32:15 AM

Lots of countries now are using bitcoin as a medium of exchange for buying/selling. There are lot of businesses now in some countries is now accepting bitcoin as payment.

And bitcoin is a digital money that can be converted into fiat.
So, in short bitcoin is money.

although there is many country is using bitcoin but the government still not accepting bitcoin as commodity or else and only bitcoin user is using bitcoin for many purpose. but i am agree that bitcoin is digital money because until now, we can see the most place that has been using bitcoin is only in internet so we are hard to find local store that will accepting bitcoin as the payment. and i am say yes that bitcoin is money in internet.

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