Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
Yes, bitcoin is money. It may be digital currency but if you exchange it in dollars then it would become money, right? As what you said everything that is used as a medium of exchange is money. It can be raw materials, materials, gadgets, golds, silver, dollars, euro,peso, and bitcoin. And I personally buy something with an exchange of bitcoin. 
Topic: Is Bitcoin money? - page 23. (Read 112169 times)
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:
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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.
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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?
t is a relatively new technology, and with many aspects that need to be better defined. But for me it is clear the fact that Bitcoin is money. In addition to being decentralized, and having a more efficient issuance than centralized currencies, there are thousands of people using Bitcoin every day, be it to store value, or to pay bills and buy things. yes bitcoin is a legit money because you can use it online where you can choose it as a payment when you are buying something from a site or from to your friend but make sure that they are all accepts bitcoin because if not then it will not be that big problem because you can still use fiat money.
Bitcoin is money because anything that is being used as medium of exchange is money.
it's not a digital currency that will someday become money that will be a lot worth the same as now bitcoin, but it may only remain a digital currency and it will not change
Bitcoin is money, when we have bitcoin in our wallet its easy to cashout using bank or remittance.
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
Bitcoin in many respects fulfills the functions that money should meet. In my opinion, however, it does not fulfill all the functions of money. Therefore, I am reluctant to call him money. I think, however, that money is what money is acceptable. So if in a given transaction someone accepts bitcoin as money, then he performs the function of money for this transaction. However, it is difficult to compare bitcoin with money issued (in the case of Poland) by the NBP.
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
Bitcoin in many respects fulfills the functions that money should meet. In my opinion, however, it does not fulfill all the functions of money. Therefore, I am reluctant to call him money. I think, however, that money is what money is acceptable. So if in a given transaction someone accepts bitcoin as money, then he performs the function of money for this transaction. However, it is difficult to compare bitcoin with money issued (in the case of Poland) by the NBP.
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
Bitcoin in many respects fulfills the functions that money should meet. In my opinion, however, it does not fulfill all the functions of money. Therefore, I am reluctant to call him money. I think, however, that money is what money is acceptable. So if in a given transaction someone accepts bitcoin as money, then he performs the function of money for this transaction. However, it is difficult to compare bitcoin with money issued (in the case of Poland) by the NBP.
its more than money as in our time money is just a paper ,but Bitcoin is somthing new and not only Bitcoin but cryptocoin ,blockchain somthing like internet it will change world.
Yes it not only the money but it’s also an asset you can buy a lot of things from it such as your food and clothes also you can use it for paying the bills because bitcoin work same like other currencies but bitcoin qualities are little bit high than any other currency you can also earn of money from here and also you can learn from here if you want to keep it save for it will help you in your future because bitcoin can help you in your present and also in your past. 
Agree with post. My personal opinion is that actually Bitcoin is intangible money but it has a acceptable power over the world.
Bitcoin is a crypto currency. Every currency is money. Bitcoin is a money as we used it as a system of payment for buying. Through bitcoin we can invest. Investing is also a property of money. Bitcoin is money in all aspects. Also it is money in sense of payment and other duties we do related to money we do it through bitcoin. Bitcoin will be a digital money of coming future.
Actually,bitcoin is not money.But it can change to money by selling it to people.Bitcoin is a token that people can earn in many ways.Better to not sell it now ,because the btc value is increase.
its more than money as in our time money is just a paper ,but Bitcoin is somthing new and not only Bitcoin but cryptocoin ,blockchain somthing like internet it will change world.
Yes bitcoin is a money you can buy a lot of things from bitcoin such as food,clothes and other things you can also pay your bills and now I’m going to pay my tuition fee as well but there is one more good quality in bitcoin if it’s also an asset you can keep it save and then can use it for your future it will help you so bitcoin is actually money and as well as asset so it up to you how you want to use it because bitcoin is the only hope to make money fast. I do not consider gold to be money. You can't go and buy most goods and services with gold. Gold is a commodity, dollars are money.
Bitcoin is a virtual currency. It has more in common with paypal than it does with dollars or with gold. I wouldn't really call it money until it is more widely accepted as payment for goods and services.
Bitcoin is a virtual currency. It has more in common with paypal than it does with dollars or with gold. I wouldn't really call it money until it is more widely accepted as payment for goods and services.
yes I also agree with you, because it is still virtual so a bit difficult to interact there may be some online stores that have been using this digital / virtual money, maybe .. I also do not know for sure there is a use or No, we will see the good news of bitcoin.
It can serves on how money does on people so Bitcoin for me is indeed money.
I agree with that, salute for this thread. And Reading this my sort of knowledge about bitcoin was extend a little bit and need to more know about btc thanks for wonderful sharing about this.
Yes bitcoin is the form of money and it is very popular money we can use it for several purposes like for buying and selling we can use this money. If we need something to import simply we can pay in this money and with in a couple of days we can receive that things. Bitcoin is the real money and like other currencies we can invest in this currency to make some profit over it. The value of this currency is more than other currencies in the world and it is mostly used for online transactions.
Bitcoin is a digital currency. Although it doesn't have any physical representation it is considered as money in the virtual world. We can do a lot of things online using bitcoin. To answer your question, yes its a money for the online world.
of course It is
Bitcoin is a digital currency.it's a virtual currency.by using Bitcoin ,people got benefited.Bitcoin is a asset .invest it ,people earn money.also it's value is high.
bitcoin was a money itself.. bitcoin was has use for buy and sell.so basically it is a money.
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