Topic: Is Bitcoin money? - page 20. (Read 112169 times)
:)bitcoins are just like shells or furs in ancient times - of course they are not banknotes or coins, but it's money, because they have all the functions of money
If you access bitcoin you can make money. Therefore we can say that bitcoin is also use as a money.
lol. just because you can make money out of it , you can then call it as a money? bitcoin can be also called or termd as a money because it is a digital currency or a currency for short and it can also be used for buying or sending money just like what money can do. however there is no possibility that bitcoin can replace money because bitcoin does mainly work online with the need of internet and also bitcoin tends to be more confusing or complicated to use on people that does not know how to use the internet or any other technical and digital stuff.
Crypto currency is a digital money like how people use money in their credit card but through the blockchain so it is money. People argue that it is a stored value, asset or anything but people much prefer it to be money.
If you access bitcoin you can make money. Therefore we can say that bitcoin is also use as a money.
Bitcoin has a trait of money so I consider it as a money. Bitcoin or other cryptocurrencies, gold and fiat all have similarities. They have a store of value, can be interchangeable or use as a medium of exchange, can be easily purchased in exchange for ordinary currency, acts as a denominator of value, and is used to conduct financial transactions. Even in the US, US courts define Bitcoin as a form of money.
I consider it as money because it has value, you can purchase product, services and paying it by Bitcoin. You can do trading and save just like regular money. What Bitcoin can do is what paper money already did. So they are almost the same.
Btc is not money but more than money. Btc exceed the term money. It is a medium of exchange in every transactions that accept its cryptocryptocurrency exchange. This is a revolution of exchange and payments in this generation and generation to come. Nowadays btc move faster in every part of this world to be known by people.
Haha. I think in the future Bitcoin will be the money. Be optimistic about Bitcoin 
Bitcoin is a digital form of currency which is accepted globally .As of now btc has become more popular and most of the places started accepting btc as their payment so i guess it can be considered as money even if it is digital currency and does not have stable value.
This is a new generation of decentralized digital currency, created and operating only on the Internet. It is not controlled by anyone, using programs to calculate mathematical algorithms. This is the essence of bitcoin.
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?
how can you say that bitcoin is money?well in my opinion you have to learn more about bitcoin and of course earn more and more so that your bitcoin will become money.well...it is so hard now to join bitcoin but if you look forward,and have a patience in doing great you will be succeed in the future. 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?
Bitcoin is a digital means of payment exchange, it is a digital service, it is the reserve currency of the crypto-currency world. In fact, this is a new form of world money, part of the "new economy" of the future.
I hope people will embrace bitcoin more in the future, changes is pretty normal in this world and bitcoin is a changethat gives a good benefits to the people, we may only see few number of users now but this is increasing and we will see this big growth in the future and one of the reason why the price is increasing.
In economic theory there is a definition of the concept - Money.
Bitcoin corresponds to all characteristics of money. We make a conclusion-bitcoin Money.
I will not agree. The money can be adjusted and according to the definition it is the basis. BTC no. We have a certain amount of BTC. Bitcoin corresponds to all characteristics of money. We make a conclusion-bitcoin Money.
Bitcoin is a digital means of payment exchange, it is a digital service, it is the reserve currency of the crypto-currency world. In fact, this is a new form of world money, part of the "new economy" of the future.
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?
Bitcoin money is a digital currency and we can buy or mine it. If we do not have a small capital or capital for trading needs we can find and get bitcoin through the bounty program, after the project project is stopped at ICO we can get profit, with the advantage we can buy bitcoin or altcoin and can trade. 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?
Yes
Obviously bitcoin is money.Because we can use bitcoin in our any necessary by convert bitcoin to our local currency.Any one can convert bitcoin into any local currency and we can invest bitcoin like money.So bitcoin is money that we use everytime everywhere.
Obviously bitcoin is money.Because we can use bitcoin in our any necessary by convert bitcoin to our local currency.Any one can convert bitcoin into any local currency and we can invest bitcoin like money.So bitcoin is money that we use everytime everywhere.
Short Answer: Yes!
Bitcoin is money for the Internet. It is a scarce digital commodity used as money by millions around the world. People buy coffee with Bitcoin at local shops. Others get paid in Bitcoin and use it to shop online. Friends use it to settle with whoever paid for dinner. Workers send Bitcoin back home to help family, regardless of where they live.
Bitcoin is money for the Internet. It is a scarce digital commodity used as money by millions around the world. People buy coffee with Bitcoin at local shops. Others get paid in Bitcoin and use it to shop online. Friends use it to settle with whoever paid for dinner. Workers send Bitcoin back home to help family, regardless of where they live.
It is clear that Bitcoin can be used as money It can be used to purchase goods or services, used to pay for individual living expenses. The only limitation of Bitcoin is that it is limited to those places that accept it as currency.
Bitcoin is a crypto currency that can be mine online. It consider "money" by others because you can have it as fiat by doing withdrawals of bitcoin. From cryptocurrency to fiat so, for me it is a money.
Yes I agree on you. Bitcoin is a digital cryptocurrency where you can only mine online. Yes Bitcoin is also considered as a money that is radically new. Bitcoin is a money from the internet where you can change it into cash and you can use it on buying something that you really wanted online and also when you cash it out, you can use it in any malls if you already change it into cash. Bitcoin can really helps you in a different ways and helps on you saving money for future.I agree, bitcoin has a lot do like money is doing. Technically, bitcoin is a form of money and it is widely used in the internet and using the internet.
Yes bitcoin is a money since it is a electronic money, but in some other countries wherein bitcoin is not yet legal, you need to exchange your bitcoin to the currency in order for you to use it.
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