Topic: Is Bitcoin money? - page 147. (Read 112173 times)
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
Bitcoin is money, when we have bitcoin in our wallet its easy to cashout using bank or remittance. Bitcoin is easy to ise that we could buy some stuffs through online. Its a digital currency were we can use it anytime.
Yes it has completely changed the way of online transaction as we no longer required to pay the huge transaction fee to the money exchange services and now we can transfer money to our friends and family members at any point of world within minutes also bitcoin has made multiple millionaire and i am sure if we save enough bitcoins for future we will be a millionaire as well.
Bitcoin is money, when we have bitcoin in our wallet its easy to cashout using bank or remittance. Bitcoin is easy to ise that we could buy some stuffs through online. Its a digital currency were we can use it anytime.
Bitcoin is money for sure. It has many advantages that we all like. Specifically the convenience to buy or pay something. Its the counterpart of our fiat money. The fiat money is the physical money whille bitcoin is the digital money.
Bitcoin is kind of electronic money but all i know its money that you can bought things that you want and Bitcoin are rarely use in any transaction.Bitcoin is money and i considered it.
I agree with you, Bitcoin is a cryptocurrency which you can buy with it in the internet, so It's considered a money, but It's not enough, Bitcoin is more big than what you said, There is more a good thing that bitcoin offer to the community. -Anonymous transaction (Untracked transactions)
-Low transactions fees (In some wallets, transaction done without fees)
Etc..
It can be used in local shops but it is not advisable, with the long confirmation sometimes a delay, and the store waiting for 1 confirmation before he finalized the transaction. that is nuts LOL. I bet the store would shutdown soon, since its customer accomodation is limited to the time of confirmation of Bitcoin transaction.
On our currently situation the only solution for this would be the store set a minimum amount of fee to pay per transaction. They can use that site which shows the fee price you need to pay to finish the transaction in 10, 30, 60... minutes. This way they would have sure the transaction would be confirmed soon and the customer could take the stuff he bought and go away.
i think bitcoin its not a money ..its like a store of value with a ponzi style in price .. a blockchain user's ponzi 
Bitcoin is kind of electronic money but all i know its money that you can bought things that you want and Bitcoin are rarely use in any transaction.Bitcoin is money and i considered it.
I agree with you, Bitcoin is a cryptocurrency which you can buy with it in the internet, so It's considered a money, but It's not enough, Bitcoin is more big than what you said, There is more a good thing that bitcoin offer to the community. -Anonymous transaction (Untracked transactions)
-Low transactions fees (In some wallets, transaction done without fees)
Etc..
It can be used in local shops but it is not advisable, with the long confirmation sometimes a delay, and the store waiting for 1 confirmation before he finalized the transaction. that is nuts LOL. I bet the store would shutdown soon, since its customer accomodation is limited to the time of confirmation of Bitcoin transaction.
Bitcoin is kind of electronic money but all i know its money that you can bought things that you want and Bitcoin are rarely use in any transaction.Bitcoin is money and i considered it.
I agree with you, Bitcoin is a cryptocurrency which you can buy with it in the internet, so It's considered a money, but It's not enough, Bitcoin is more big than what you said, There is more a good thing that bitcoin offer to the community. -Anonymous transaction (Untracked transactions)
-Low transactions fees (In some wallets, transaction done without fees)
Etc..
Bitcoin is kind of electronic money but all i know its money that you can bought things that you want and Bitcoin are rarely use in any transaction.Bitcoin is money and i considered it.
I agree with you, Bitcoin is a cryptocurrency which you can buy with it in the internet, so It's considered a money, but It's not enough, Bitcoin is more big than what you said, There is more a good thing that bitcoin offer to the community. -Anonymous transaction (Untracked transactions)
-Low transactions fees (In some wallets, transaction done without fees)
Etc..
Yes ,
There is no doubt that bitcoins are a form of currency,
But usually now many companies and trading giants are not accepting it as a form a payment.
But still there are many platforms where you can pay via bitcoins for goods and services,
Also there are many platforms where even you can exchange your bitcoins for Fiat.
Hence , there is no doubt not that bitcoin is a form of money or not.
It is definitely a form a online money which by certain processes you can convert to bank balance, cash etc.
There is no doubt that bitcoins are a form of currency,
But usually now many companies and trading giants are not accepting it as a form a payment.
But still there are many platforms where you can pay via bitcoins for goods and services,
Also there are many platforms where even you can exchange your bitcoins for Fiat.
Hence , there is no doubt not that bitcoin is a form of money or not.
It is definitely a form a online money which by certain processes you can convert to bank balance, cash etc.
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:
[/list]
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?
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.
[/list]
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?
Well we have our own definition about bitcoin or what we call it but i believe that bitcoin really is money, why? because money is to spend and to earn also bitcoin we earn bitcoin so that we can buy stuff what we need and you can convert bitcoin into real money so bitcoin is money and also bitcoin has the biggest value like money and i know you can sell bitcoin but you can't sell money but they are the same they got value and you use it to buy stuff and to have money so bitcoin is money
In addition, bitcoin has many more superior features, and many more advantages, it offers greater value, and can be traded more easily, in many countries, bitcoin is widely used and free from Constrained by the legality, so transactions near and far are more convenient than ever. However, there are some limitations, and most notably, the legality of it. Because it is not managed, so criminals will use it for bad purposes, we can not foresee. And what I know, is money laundering, bitcoin will be most exploited on this issue. It is very difficult to stop.
Bitcoin is similar to the regular currency that we use everywhere. Only the acceptance and usage limit is not found equal to the different currencies that are used in different countries. Later we can see people using bitcoin same as traditional money for all daily needs.
I strongly agree with your point as bitcoin is the future of digital currency and inevitable but as of know it's not completely accepted by all because they are not aware of bitcoin and the advantages of bitcoin over the fiat currency and once people are aware of the benefits of bitcoin obviously people will prefer bitcoin over the fiat currency and now in western countries you can find bitcoin ATM which is a clear symbol of acceptance for bitcoin as an alternative for money.
Bitcoin is similar to the regular currency that we use everywhere. Only the acceptance and usage limit is not found equal to the different currencies that are used in different countries. Later we can see people using bitcoin same as traditional money for all daily needs.
We cannot say that bitcoin is money because the government hasn't approve of it yet. It is an online currency which has some characteristics the same with money. Even though it is not a money, you can convert it to a real money. You can also use it as a mode of payme t to som online shop whicha acceots bitcoin.
Lol have you been reading the news? I think your country's central bank recognized bitcoin as money since it is recognized as payment. Aside from that Bitcoin even without converting it to fiat can be used to pay buy item online. Anyway saying such thing as being accepted as payment then Bitcoin can be consider as money, yes?
Yes bitcoin is money because it will give us financial support in our daily needs and also for fun like you can use that for betting online for gambling games like at btc gambling sites. You can use bitcoin for trading of digital cryptocurrencies, which could generate bigger profit and could make you rich if you are hardworking with positive attitude.
Money can be in any form. It is a medium of exchange. It can be used for payment transaction. Since bitcoin is acceptable as payment for goods and services, therefore bitcoin is way the same as money. Or shall we say bitcoin is money.
Some of the characteristics of money are in bitcoin, however it cannot be considered as money since it's not legally recognize as money by the government. Bitcoin cannot be independent since it's value is dependent on fiat, let's admit that we are interested with bitcoin because it has a good value in fiat. Even how successful bitcoin is, it will still be measured base on fiat as there's no government that controls bitcoin, hence the proper way of calling bitcoin is only a payment system and not money.
Nope Bitcoin value is not dependent on fiat. Bitcoin have its own value, and through that, fiat currency adopt its value. Have you not seen how Bitcoin goes up and down in price value? (Fiat conversion)? If it is dependent on fiat then Bitcoin would never be as volatile as it is.
They way you explained was well elaborated. And the answer to you question is yes.
Bitcoin is a crypto currency relatively an online currency which is not been accepted by many companies.
It does not have or isn't any paper currency which can be exchanged physically.
But you can exchange them online but sending the particular amount from your wallet to the person you want to send.
Bitcoin is a crypto currency relatively an online currency which is not been accepted by many companies.
It does not have or isn't any paper currency which can be exchanged physically.
But you can exchange them online but sending the particular amount from your wallet to the person you want to send.
In my observation, even me I got sometimes confused if bitcoin is money, then my I found out that bitcoin was also a money electronically, though it can't be used as phiysical but there is a chance that bitcoin can be convert into physical money/paper money, Even USD their can be use as electronically and physical so they are both money or currency.
Definitions clearly says that bitcoin is currency, international currency. Bitcoin is also store of value, something like gold, but easier to use and store, with bitcon you don't need to pay for private safe.
But, but... today we saw news about ETF rejection, why do you think they rejected this proposal? Bitcoin is not for governments and they will try to sabotage bitcoin, they will talk against it, that is propaganda! Bitcoin is money and I think in the end everyone will know that.
But, but... today we saw news about ETF rejection, why do you think they rejected this proposal? Bitcoin is not for governments and they will try to sabotage bitcoin, they will talk against it, that is propaganda! Bitcoin is money and I think in the end everyone will know that.
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