Is Bitcoin money? - page 152. | Bitcointalksearch.org

Ziskinberg

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Quote from: grandy on February 16, 2017, 12:41:12 AM

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Quote from: staceyoh on February 14, 2017, 04:03:23 PM

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money because we can transact with it anytime, anywhere as long as we are transacting with the people who are accepting bitcoins. And I've been using it already for paying my internet bills all of the sudden and I really liked it a lot. Because of bitcoin, my life is now easier.

but in fact bitcoin is real money and we must accept the fact, because now in so many places bitcoin is used as fiat currency in shops and in those places wehre the number of bitcoin users are increasing there shops are now accepting bitcoin as legal currency.

Not in so many places actually, the popularity of bitcoin is only based on the adoption of a country in totality. Those countries who normally have big volume of users like China may have a good development but in less develop countries, we cannot expect that kind. Although internet connection is not a problem this days, however, there are people who does not trust bitcoin as they cannot fully understand it. It takes time, but bitcoin is not money IMO but only a tool as payment processor.

coynedterm

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Quote from: grandy on February 16, 2017, 12:41:12 AM

Quote from: ?? on ??

Quote from: staceyoh on February 14, 2017, 04:03:23 PM

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money because we can transact with it anytime, anywhere as long as we are transacting with the people who are accepting bitcoins. And I've been using it already for paying my internet bills all of the sudden and I really liked it a lot. Because of bitcoin, my life is now easier.

but in fact bitcoin is real money and we must accept the fact, because now in so many places bitcoin is used as fiat currency in shops and in those places wehre the number of bitcoin users are increasing there shops are now accepting bitcoin as legal currency.

You said true that it is money but in actual it is not a teal money it is only virtual which and it is only written data in the internet which is impossible to erase .
No doubt bitcoin us a real money for everyone and for every bitcoiner it is giving money profit , so here we can consider it as the way of payment which has a price in the only world .
So here we can consider bitcoin is not only money but it as virtual money that can't be touch by anyone , but anyone can be use it for his profit and need in internet only .

grandy

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Quote from: ?? on ??

Quote from: staceyoh on February 14, 2017, 04:03:23 PM

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money because we can transact with it anytime, anywhere as long as we are transacting with the people who are accepting bitcoins. And I've been using it already for paying my internet bills all of the sudden and I really liked it a lot. Because of bitcoin, my life is now easier.

but in fact bitcoin is real money and we must accept the fact, because now in so many places bitcoin is used as fiat currency in shops and in those places wehre the number of bitcoin users are increasing there shops are now accepting bitcoin as legal currency.

Pettuh4

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Quote from: shinratensei_ on February 15, 2017, 06:06:40 PM

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Quote from: staceyoh on February 14, 2017, 04:03:23 PM

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money

Yeah it is, According to the economic expert such as Dennis Home Robertson and his book "Money" and he has written about the definition of money.

Quote

"money is something accepted in payment for goods"

No doubt if bitcoin already included on the money. Grin

Bitcoin is definitely money as it fits all the properties of a legal tender but we shouldn't lose the fact of the matter that Bitcoin is also listed as a commodity by the CFTC-Commodities Futures Trading Commission and hence can exhibit traits of money and commodity at the same time.

shinratensei_

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Quote from: staceyoh on February 14, 2017, 04:03:23 PM

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money

Yeah it is, According to the economic expert such as Dennis Home Robertson and his book "Money" and he has written about the definition of money.

Quote

"money is something accepted in payment for goods"

No doubt if bitcoin already included on the money. Grin

gandame

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Bitcoin is convertible to fiat money cash using an online, wallet therefore it justify that its a money and you can cash it out through bank affiliated with the wallet site. That money from bitcoin could be a sustainable income for everyone who needs cash for the family and emergency spending.

splitups

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it's exchangeable for USD, it has value and people who are willing to Pay to get it, which is the exact definition of a currency in my book.
Money isn't necessarily banknotes or gold, Credit Cards, Gift Cards and PayPal already made that clear, BTC is something that has a certain value therefore money.

citywise2

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Yes in my opinion it is a money because it is used in legal tenders

Even around the world today so many countries is a wears of bit coin.
It is in circulation and it is used mostly in online trade everywhere.

warwar

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For me i consider bitcoin is the generation of money in this time.Because this generation is digital,all focuses on technology and online stuff where bitcoin is in.And many online users uses bitcoins for their expenses online.And yet being a cryptocurrency there still a currency word on it so you can consider it as a money wether where it is being spend or earn.You can spend monry everywhere and same as bitcoin,they do have almost the same characteristics

ASHLIUSZ

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Quote from: FlightyPouch on February 15, 2017, 03:07:45 AM

Quote from: ?? on ??

Quote from: staceyoh on February 14, 2017, 04:03:23 PM

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money because we can transact with it anytime, anywhere as long as we are transacting with the people who are accepting bitcoins. And I've been using it already for paying my internet bills all of the sudden and I really liked it a lot. Because of bitcoin, my life is now easier.

Well I do believe in bitcoin, though the point is why are we still converting these cryptocurrency in a real money if it is a real money.
if it is a real money we can buy anytime anywhere in every stores that our country have. So why do we still need to convert them if they are Real Money?
I agree that bitcoin is an online digital currency.

Though its an online currency, several offline and small stores too started accepting bitcoin. So no need to convert it to fiat for our usage as quoted. But the same is not found everywhere. This makes users to convert bitcoin to fiat for their needs. Only few thousands have been accepting bitcoin directly around the world which is mostly on the western side.

FlightyPouch

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Quote from: ?? on ??

Quote from: staceyoh on February 14, 2017, 04:03:23 PM

For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

I do think and believe that bitcoin is a real money because we can transact with it anytime, anywhere as long as we are transacting with the people who are accepting bitcoins. And I've been using it already for paying my internet bills all of the sudden and I really liked it a lot. Because of bitcoin, my life is now easier.

Well I do believe in bitcoin, though the point is why are we still converting these cryptocurrency in a real money if it is a real money.
if it is a real money we can buy anytime anywhere in every stores that our country have. So why do we still need to convert them if they are Real Money?
I agree that bitcoin is an online digital currency.

Dudeperfect

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Quote from: Doms on February 15, 2017, 12:01:47 AM

There are still a lot of places that don't recognize bitcoin as a real form of money. There are also debates as to what bitcoin really is, a property or a currency. What I know is it is something that helps me pay for my transactions and serves as another form of great investment.

The proper classification is necessary because it will determine the important aspects like taxes. There are different types of taxes levied at a different rate so in order to classify bitcoin under currency, commodity or a computer software there should be a macro level approach. However, it is subject to the jurisdiction of respective countries.

Doms

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There are still a lot of places that don't recognize bitcoin as a real form of money. There are also debates as to what bitcoin really is, a property or a currency. What I know is it is something that helps me pay for my transactions and serves as another form of great investment.

Jewell

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Quote from: KennyR on February 14, 2017, 12:15:27 PM

Everything that has a defined value is money. Bitcoin from the beginning has importance as a store of value. This when used for transaction purposes got authorized as a universal currency having different value on the basis of the country's local currency. As said it has a digital form, if it has got physical form at least it would have got used by 50% of the population.

yes bitcoin has much more value and that is way it is money. it is use mostly for online purposes and also we use it in local shops specially in such area where bitcoin is accepting in local shops like in Brazil where some shops are available who are accepting bitcoin as legal currency.

BitcoinPanther

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Quote from: WhiteStar_ on February 14, 2017, 04:17:19 PM

It will depend upon how peoplr look at fiat and crypto currencies.When you say a money there are two possible meanings in this generation.First is an online money/currency that flows in the internet and an real paper bill money that circulate on our market.And yet bitcoins and other cryptocurrency may be considered as money as soon as there is something that you can use bitcoins to spend on.Like online market,merchant or even department stores.

So you really are saying it is money and Bitcoin falls under virtual / Digital / online currency. Aside from that bitcoin is created as currency and not as stocks or anything. It's main purpose is to be used in every transaction of payment or function as what money is.

WhiteStar_

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It will depend upon how peoplr look at fiat and crypto currencies.When you say a money there are two possible meanings in this generation.First is an online money/currency that flows in the internet and an real paper bill money that circulate on our market.And yet bitcoins and other cryptocurrency may be considered as money as soon as there is something that you can use bitcoins to spend on.Like online market,merchant or even department stores.

dhampir-D

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I think people who think that money is something that needs to have a physical form, certainly have not yet understood that the internet, and data transfer through it, have a real impact on people's lives. Bitcoin is money, and for the first time there is a payment system that, in addition to eliminating a series of logistical problems, allows the currency to be issued in a decentralized way.

staceyoh

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For me bitcoin is a kind of
money because we can use
it as a payment in the internet.
Bitcoin is a online digital currency.

realm

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The definition of money according to wikipedia is:

"Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value, and, sometimes a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money."

So yes BTC is money

Viviyang

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Bitcoin is money but online digital currency , which is used to trade , gamble and do lot of other things and earn bitcoins and you can purchase goods through bitcoin, in some part of country you can use bitcoin as your regular currency like walk down to coffee shop and use bitcoin to purchase coffee apart from that other merchants also started to use bitcoin as their payment option.

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