Is Bitcoin money? - page 146. | Bitcointalksearch.org

stergium

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Quote from: skorupi17 on March 15, 2017, 01:31:06 PM

Well, for me, Bitcoin is money. Just like fiat money, BTC represents a value of money but in digital form. Since bitcoin is a new kid in town, it is a new type of money under the category of digital money Grin

yes i will also like to say that bitcoin is money. as we can use bitcoin instead of fiat in some shops while for online purpose bitcoin is uses as currency.

whizter

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Quote from: speem28 on March 16, 2017, 12:14:19 PM

Well since Bitcoin started a few years back, more and more merchants and vendors are accepting it as a medium of exchange (money), in their transactions. It's just in a form of Virtual currency but we can consider it as money that also pays off things that we buy online.

yes there is no doubt about this that bitcoin is becoming more and moe popular, as now not only the common people but the big merchants are also now accepting bitcoin, as it is more convenient for them to use bitcoin for payment method. i think in future we can expect that bitcoin will become more and more popular as time passed.

skorupi17

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Quote from: Angel Di on March 16, 2017, 01:19:29 PM

Of course the Internet is considered to be money. Because they can freely buy and sell goods.

Buddy, i think you are pertaining to bitcoin, and not the Internet there. Just saying.

Angel Di

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Of course the Internet is considered to be money. Because they can freely buy and sell goods.

Vaccinus

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for me everything that is accepted by big merchants that sell stuff for it is considered money, if you just sell it to your friend it can be seen as a something else, but bitcoin is indeed a currency because i cna use it to buy from official retailers or shop

speem28

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Well since Bitcoin started a few years back, more and more merchants and vendors are accepting it as a medium of exchange (money), in their transactions. It's just in a form of Virtual currency but we can consider it as money that also pays off things that we buy online.

Fizamcc

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Quote from: jak3 on March 15, 2017, 01:46:39 PM

a virtual commodity which is worth like real money Grin

sound so scammy but its so true, if it was 2001 i am sure gonna reject its existence but now when i have been witnessed by many scnerieos and many crashes i must say bitcoin got some potentials Cheesy

I'm a little scared to rely on some predictions, so I use bitcoin only as a commodity to earn real money. Of course, I believe in the potential bitcoin in the future, but there are times when my faith staggers.

jak3

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a virtual commodity which is worth like real money Grin

sound so scammy but its so true, if it was 2001 i am sure gonna reject its existence but now when i have been witnessed by many scnerieos and many crashes i must say bitcoin got some potentials Cheesy

Bitcoinsummoner

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Quote from: Mario274 on March 15, 2017, 01:28:38 PM

Quote from: Blackdeath on March 15, 2017, 12:32:11 PM

Quote from: theymos on September 21, 2010, 12:50:17 PM

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

You have a point, bitcoin is kind of money that can be use for online expenses. As long as bitcoin has value you can tell that it is money in the world of technology. I also can say that bitcoin is money because it can be used in any kind of transaction.

And I think that bitcoin is not just money, but also an electronic payment system. Moreover, this system is unique and very reliable

Its a money but not a physical money like fiat that you can use locally bitcoin still good only for online payment only and for gambling purposes.. due to anonymous of bitcoin network.. the good part in bitcoin there are some country that actually accepting bitcoin locally like in brazil and paris..

skorupi17

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Well, for me, Bitcoin is money. Just like fiat money, BTC represents a value of money but in digital form. Since bitcoin is a new kid in town, it is a new type of money under the category of digital money Grin

Mario274

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Quote from: Blackdeath on March 15, 2017, 12:32:11 PM

Quote from: theymos on September 21, 2010, 12:50:17 PM

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

You have a point, bitcoin is kind of money that can be use for online expenses. As long as bitcoin has value you can tell that it is money in the world of technology. I also can say that bitcoin is money because it can be used in any kind of transaction.

And I think that bitcoin is not just money, but also an electronic payment system. Moreover, this system is unique and very reliable

Blackdeath

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Quote from: theymos on September 21, 2010, 12:50:17 PM

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

You have a point, bitcoin is kind of money that can be use for online expenses. As long as bitcoin has value you can tell that it is money in the world of technology. I also can say that bitcoin is money because it can be used in any kind of transaction.

Rajadurai

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Yeah bit coin is money Grin

.It is digital currency.

fuckitall

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Well,

The truth is that there is nothing like bitcoin what only exist is records. You can't point at something saying that this is bitcoin....it's not a particular file or folder that has your money but...a large no. of records, containing info regarding each and every transaction i.e.
1. from where the bitcoin originally came to your account... when you were processing the transaction
2. amount you want to send
3. the recipient BTC address

That's what the bitcoin is

Betwrong

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I stand with Ukraine.

Until Bitcoin is accepted by any store where you live you can't call it money IMO. However we shouldn't forget about the fact that Bitcoin can be easily exchanged for any local currency so technically it's just one step from being a "money".

I don't know about other countries, but where I live Bitcoin is like US Dollar, it's neither accepted in stores, in restaurants, nor by people on markets, but you can easily exchange US Dollar for our local currency.

teilwalL05

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Why does Bitcoin can't become a medium of currency? even if some countries are using it for a direct transaction for the goods and converting bitcoin with other fiat, the value of bitcoin was very great right now and investors are investing their fiat in the exchange rate of bitcoin I think that is a must known factor why bitcoin is indeed a currency!

Trongersoll

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Quote from: Pattart on March 15, 2017, 03:46:43 AM

bitcoin is cryptocurrency which has a price and rate in almost all currencies of the world and you can use bitcoin to buy stuff, I think it has been proven that bitcoin is money

Yes bitcoin is money for me as well because as you have mentioned we can use bitcoin for online shopping though it is not accepted by the retailers but still you will find many bitcoin ATM in western countries and also you can book your flight tickets using bitcoin and bitcoin can do everything which other currency is capable of doing hence bitcoin is personal money for me which is not taxable by corrupt government.

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BTC to the MOON in 2019

Quote from: Pattart on March 15, 2017, 03:46:43 AM

bitcoin is cryptocurrency which has a price and rate in almost all currencies of the world and you can use bitcoin to buy stuff, I think it has been proven that bitcoin is money

Not that way, bitcoin has no value without money or fiat therefore it's not money. It is only a tool we can use to make a faster transaction online, a payment system is more appropriate way to call it. Normally money is subject to inflation but bitcoin is not, the longer it is use and in demand the value of bitcoin increases.

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Quote from: Pattart on March 15, 2017, 03:46:43 AM

bitcoin is cryptocurrency which has a price and rate in almost all currencies of the world and you can use bitcoin to buy stuff, I think it has been proven that bitcoin is money

Each has different perspective about bitcoin. Some consider is a potential investment, some prefer it as a store of value for tax evasion. Few consider it a easy access source for gambling and illegal trades. So on the whole it has got several access, one among that is the usage as money.

pinkpanther03

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Quote from: kingorbust on March 11, 2017, 07:38:12 AM

Not only is the bitcoin money, but it is the future of the money.

That's the common thing where most people don't understand why or how bitcoin will become a future of money. Even there is already proof that bitcoin was being used in online payment, shopping online, and money transfer. still they are blinded unto it, anyway I don't care what people may say about me in bitcoin the important is every week I can encash money because of bitcoin.

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