Topic: Is Bitcoin money? - page 43. (Read 112172 times)
Of course bitcoin is also a money but like we all know we just see it only first in numbers because of its digitality or digital features thats why they called it digital currency or cryptocurrency. If we will talk about money they are also same with currency. we all call it money but in the end we all people have all different currency because were all from different countries so bitcoin is a kind of currency thats is why bitcoin is also a money because it has also a value and we exchange it them for our own currency to buy things.
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: I agree to that bitcoin is not money.I just kind of a modern way of payments.
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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: I agree to that bitcoin is not money.I just kind of a modern way of payments.
- 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?
you should read about BTC on https://en.wikipedia.org/wiki/Bitcoin, then u read the meaning of cryptocurrency on https://en.wikipedia.org/wiki/Bitcoin.
BTC is a digital payment system, i think it has same function like money, because money is also use for payment.
maybe BTC not money, because it's digital money and working without a central.
anyone agree with me?
please correct me if i did wrong, by PM me or reply
Cash is utilized for each reason cash is utilized for business for looking for installments yet now bitcoins is likewise utilized for looking for business for charge installments that is the reason bitcoins is additionally cash however Bitcoin is more protected then the cash so I'll be incline toward additional on bitcoins then cash in light of the fact that Bitcoin most secure cryprocurrency. BTC is a digital payment system, i think it has same function like money, because money is also use for payment.
maybe BTC not money, because it's digital money and working without a central.
anyone agree with me?
please correct me if i did wrong, by PM me or reply 
In my opinion Yes, Bitcoin is money because i can buy things i want using Bitcoin of course i need to exchange it first to cash but that is easy to do as long as you have a virtual debit card like wirex. You can exchange Bitcoin to any currency fast and easy and used that virtual card to shop online.
Yes me too, I agree that it is a money, money in the internet that you can use to buy things you wanted online. Bitcoin already help many people, for there financial and everything they need. Some other people tell that Bitcoin make them rich, On the very first place I got really confused about this but when I already know the uses of bitcoin then I was really surprise. Bitcoin can exchange into cash like what they say and that was a very big help for us.
Early birds of bitcoin is damn lucky especially when they still hold until now their bitcoin and sitting on their profit as we know the fact that bitcoin price before isn't that attractive. Bitcoin is money or a currency for me that it help me supporting my financial needs.
Bitcoin is virtual money.Now world going forward with virtual money.Because virtual money transaction system is more secure.
Yes off course bitcoin is money. It is true that still bitcoin is not accepting in various places as a payment but bitcoin is crypto currency and it is easily changeable to any other currency so if you have bitcoin then you can change it through some local exchange in to your desirable currency and can use this money for your work.
well, many of you says bitcoin is money but no for me. I buy bitcoin and make it as future asset. Not for buy a thing such as the use of money.
Bitcoin is virtual money.Now world going forward with virtual money.Because virtual money transaction system is more secure.
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Not at all, But yes! You may say Bitcoin is a virtual money or it is product. By which you make money in real life. Yes! at that point of view you may say bitcoin is money .
you should read about BTC on https://en.wikipedia.org/wiki/Bitcoin, then u read the meaning of cryptocurrency on https://en.wikipedia.org/wiki/Bitcoin.
BTC is a digital payment system, i think it has same function like money, because money is also use for payment.
maybe BTC not money, because it's digital money and working without a central.
anyone agree with me? please correct me if i did wrong, by PM me or reply
BTC is a digital payment system, i think it has same function like money, because money is also use for payment.
maybe BTC not money, because it's digital money and working without a central.
anyone agree with me?
please correct me if i did wrong, by PM me or reply
For that, yes, because we collect it so much that we can put it on our wallet. When you get a lot of bitcoins, you can get the amount of money you can spend on the wallet at coins.ph.In today's time or in the future it will be bitcoin to be our money and to use all of our payments and to buy for quick communication or progress.
bitcoin is not money but asset like gold. not worth if use bitcoin for buy a things.
buy bitcoin invest bitcoin why buy money for money if bitcoin is money?
But gold is money as well, maybe people do not use it like that anymore but that is not important gold was used as money for a lot longer than any fiat currency and if people do not adopt bitcoin then it is very likely that gold makes a huge comeback when the fiat system collapses.buy bitcoin invest bitcoin why buy money for money if bitcoin is money?
and gold must be exchanged with money first so it can be used in terms of purchase transactions
yes for me, because botcoin is also equivalent to the money we buy in the branches of money. Let's get the bitcoin up to multiply and we'll put our wallet on coins.ph and when the wallet cools down Let's say we have to release the money or the bitcoin equivalent we accumulated in any branch of money.
Yes it is, because anything that has a value is money even in the year of B.C.E. they are using gold, silver or even thier staff to exchange thier food.
Btc is like a gold with higher value.
It's concept and its function is just like money it is just that the bitcoin value grows. The real intention of bitcoin is to change the world from the concept of cash less. I believe it's gonna be happen in the future and we should be involve with this so that it could happen since everyone now wants to transact will less hassle. Btc is like a gold with higher value.
Yes it is, because anything that has a value is money even in the year of B.C.E. they are using gold, silver or even thier staff to exchange thier food in order to suvive.
Btc is like a gold with higher value.
Btc is like a gold with higher value.
It is a digital money. We can used it for lot of online transactions. Bitcoin has its own price. It is first decentralized virtual currency in the market. It is easy to use and safe. It is peer to peer payment system.
In my opinion Yes, Bitcoin is money because i can buy things i want using Bitcoin of course i need to exchange it first to cash but that is easy to do as long as you have a virtual debit card like wirex. You can exchange Bitcoin to any currency fast and easy and used that virtual card to shop online.
Yes me too, I agree that it is a money, money in the internet that you can use to buy things you wanted online. Bitcoin already help many people, for there financial and everything they need. Some other people tell that Bitcoin make them rich, On the very first place I got really confused about this but when I already know the uses of bitcoin then I was really surprise. Bitcoin can exchange into cash like what they say and that was a very big help for us.
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?
I think bitcoin IS money 100% and that the dictionary is incorrect. You said it yourself bitcoin is something radically new and radically new things dont have anything to define by. Therefore we should define what bitcoin is
and re write what the definition of money is to fit it. I think that bitcoin is spendable like other money, it is transferrable like other money then why is it not considered so? I think if you perceive it this way you must alter
the definition of money and therefore bitcoin will fit that definition. Good day to you all
Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency. We can say that the money if there is already a country that officially use the bitcoin, and use of the bitcoin still not more than 3% of the total population of the Earth. I also treat bitcoin as a money and as well as gold.
It is a money for the internet, used as money around the world. we can buy with bitcoins at local shops. the others get paid in bitcoin, it can be use in online shop.
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