Topic: Is Bitcoin money? - page 29. (Read 112169 times)
No , bitcoin is a currency not a money, but you can convert a bitcoin into a money if you know how to do it.
Nope, bitcoin is not a money, bitcoin is a currency, but you can convert bitcoin into money if you know how to process it ,.
Bitcoin indeed has much more benefits compared to any other payment form. Bitcoin is a virtual currency which full of data only and not easy to use for purchase any commodity but is can be exchangeable. also t can sustain our daily needs from the rewards we gained from it.
It is the equal to money, because it has a value to it's holders and they are willing to give some of it to you in exchange of money. Also you can use if for the same purposes than money.
Bitcoin is a cryptocurrency, it is a digital currency and I think we can also say that bitcoin is money. But bitcoin only exist electronically. We can turn it to money once we converted it.
Definitely, so in short bitcoin is money and we even choose to have this since the value will appreciate compare to the real moneywhere the value may inflate overtime. Hence, it's not good to save all your money, you also need to learn how to invest so you can get away with that inflation problem.
No bitcoin is not money.But it is the medium of exchange. Once upon a time when the money was not discover that time they use gold, stone and other valuable things as like money. But things are not money and not few value like money. In this thing bitcoin is same.It is also valuable and also can do everything what we can do with money. This is like money but that's are not a things what we can visit in our hand like as money. This is the different with them.
Bitcoin is a cryptocurrency, it is a digital currency and I think we can also say that bitcoin is money. But bitcoin only exist electronically. We can turn it to money once we converted it.
Bitcoin is a cryptocurrency, it is a digital currency and I think we can also say that bitcoin is money. But bitcoin only exist electronically. We can turn it to money once we converted it.
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?
i still do not know what is the meaning of this question?but what i know is if you will earn a bitcoin then thats the time you will make money at bitcoin, thats why for me bitcoin is a 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?
its more less like going back to the old fashioned days hundreds of years ago where people just traded items
for other items and it was all peer to peer at one time
the cryptos will let the people control their economy again
for other items and it was all peer to peer at one time
the cryptos will let the people control their economy again
yes bitcoin is money, everywhere of world bitcoin used as a money. becouse it's really easy & secure to transfer cash money. bitcoin is a peer-to-peer system, this kind of system is superb.so my opinion is bitcoin one kind of money.
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?
i am only a newbie in bitcoin,but what i know is if you want to have money then you have to earn more bitcoin, so that you have money at all... 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 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?
yes bitcoin is become money,every posting and joining to signature campaign it well exchange in earning a lot of money or rather let say easy earning money.....bitcoin if we participate in other furom and investing we well get higher earnings.....
In my opinion Bitcoin is money of the internet.
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
Yes, maybe it is not the literal money that we are used to see but it is one of the medium of having it (money). Things, raw material, anything thats we can do buy and sell is money. Gold, silver, etc is source of money. As well as bitcoin. If you do or participate in some forums here, and also investing and trading well probably you'll get higher amount of it. And aside from that in every business has a 'money' which cycles its own life. And since bitcoin is one of business, therefore it is manages by money which has exchange of money. Complicated, but in simpliest word in the world of business money or profit are the major present in it.
YES bitcoin is a great digital money and futere of money this is easy money for transction and saving
Currently BTC cannot be termed as money as it's one of the many developing currencies(and that to rapidly) and plus it's not accepted worldwide so u might have to break ur head while you are handling transactions in BTC. In my country BTC is neither legal nor illegal but in many countries it's either of them and until it's accepted worldwide it can't take the position of so called money 💰.
I think that bitcoin is not money in that modern sense, just as we do not consider shells from the island of Koh Samui as money. Bitcoin is the basis of a new economy, but this economy will differ from the modern capitalist model.
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
Yes, maybe it is not the literal money that we are used to see but it is one of the medium of having it (money). Things, raw material, anything thats we can do buy and sell is money. Gold, silver, etc is source of money. As well as bitcoin. If you do or participate in some forums here, and also investing and trading well probably you'll get higher amount of it. And aside from that in every business has a 'money' which cycles its own life. And since bitcoin is one of business, therefore it is manages by money which has exchange of money. Complicated, but in simpliest word in the world of business money or profit are the major present in it.
Bitcoin is definitely money, money is a valuable means of exchange... whereas bitcoin also has value, in fact I think it is currently the highest among other currencies in any country, but bitcoin is a digital currency that has no shape or form.
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