Hope you get my point
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Topic: Is Bitcoin money? - page 76. (Read 112172 times)
For me it's no, i considered bitcoin as like gold not a money cause it can not exchange for our household commodities for example you are taking a bath then you run out of body soap then you'll go to grocery to buy it, you can't use bitcoin as mode of payment for the soap simple because it is not a money. That's obe of my example of my reason why i can not considered bitcoin as a money.
Hope you get my point.
Hope you get my point
. Yes, Bitcoin is money . Its like an online job that we can use to earn profit . It is also one of the source of income of some students that is using bitcoin. It is so much helped with us because we can earn not just money but also our financial freedom.
Bitcoin is not an online job, you do an online job and instead of being paid with fiat you are being paid with bitcoin, bitcoin is just the unit used to pay you, bitcoin did not create that, probably the only people that have jobs thanks to bitcoin are the devs and the miners. Yes, a digital money that can exchange into real money and we can also use it for barter. 
You do not have to use bitcoin for barter the whole point of currency is to avoid bartering, and to give a ledger in which people can know what it is the value of their possessions and the way to interchange them easily, so that is a mistake in they way you think about bitcoin. 
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.
+1 agreed. It's a commodity, a digital store of value.
I am totally agree with your point. Bitcoins is a currency not money (although currency and money are same).We can't compare bitcoins with it. Just ignore these nation state. Don't care about them what ever they said about bitcoin. Just concentrate on your work with bitcoins.
One day, when fiat will be less used and bitcoin will be more used, then we all will realize how lucky we are that we collected bitcoin at early stages.
For me, bitcoin is money. Money is medium of exchange and so is bitcoins so definitely it is money. Though the usage of crypto coins for buying daily stuff is not on a large scale but purchases can be made by them. It is due to the lack of knowledge and all new technologies take time for adoption. One day, when fiat will be less used and bitcoin will be more used, then we all will realize how lucky we are that we collected bitcoin at early stages.
Money is a placeholder.
Noone likes Money because its beautiful Paper with Numbers on it. You can use Money to buy whatever you want. And since you can buy stuff with btc (or Exchange it) it Money for me.
Just a different Kind of money
Noone likes Money because its beautiful Paper with Numbers on it. You can use Money to buy whatever you want. And since you can buy stuff with btc (or Exchange it) it Money for me.
Just a different Kind of money
I think bitcoin money. Because bitcoin provide one of the main money's target - universal equivalent for exchange between people for goods and services.
Bitcoins are just like other currencies; they can be and should be sued for buying and selling good like conventional currencies. Moreover they are not just currency but also the best investment for secure purpose as well. I think we should not waste time in doubting the nature and benefits of bitcoins rather start working them as soon as possible.
yes, I agree that bitcoin is another form of money. its function can indeed be a means of exchange, but there are several factors of the fiat that can not be found in bitcoin.
money? for me money is used to buy/change for the other products you want. so for me bitcoin is like a money but in a virtual reality, you can also buy/bought/exchange bitcoin on some products online if you want. and the good things is, bitcoin is not just like a money online, it is a very best investment program that you can earn more profits in the future. so it is both money and investments.
Generally speaking - yes, bitcoin is a money since you can use them as a way of payment. But at the moment is more like a theory - we know that bitcoin can be used as a way of payment but actually it's not happening.
The guy who started the thread actually asked a very important question 7 years ago. And not that much have changed since that time. Yes, now there is more awarness, yes, it cost more. And no - it's still not accepted on a governmental level nor masses of people use it as a payment method.
The guy who started the thread actually asked a very important question 7 years ago. And not that much have changed since that time. Yes, now there is more awarness, yes, it cost more. And no - it's still not accepted on a governmental level nor masses of people use it as a payment method.
Bitcoin is intended to be used as money. The extent to which it differs from the various definitions of money is primarily due to its unpopularity and lack of government sanction, which in my opinion should not matter when speaking about it as "money."
Yes, there is no harm if we consider that bitcoin is the same as the money will be different but the shape is called a digital currency. If the money we can use in the real world and directly but if bitcoin it could only be used in the internet world. but in the end it also endowed a bitcoin can we use to help our real life needs. with bitcoin we can make money is useful in the future.
I think bitcoin is money.
Because bitcoin has properties like money that is widely accepted as a store of value and we can buy something with payment using bitcoin
Because bitcoin has properties like money that is widely accepted as a store of value and we can buy something with payment using bitcoin
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
For me, BTC can be consider as a money. Like what you say "Anything that is being used as a medium of exchange is money" that' definitely correct. As we all know in the signiture campaign we are paid through Bitcoin. And that coin can be converted into our money. Aside from bitcoin can also be saved for the future.
For me, i think bitcoin is a kind of money. Because the quality of what money have is also in the bitcoin like for example bitcoin can pay our bill and buy load or pay order online. which we can do also in our local money. But the difference of money and bitcoin is the first you can hold it any time you want and instant use it without internet connection, unlike in bitcoin it is a digital currency and it depends if you want to make it money.
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
Yeah right. Bitcoin is money, we use this to buy things, pay bills, and as an exchange for service rendered, just like money. We use money for an exchange of something either a thing or a service rendered. We use bitcoin the way we use money, that's why we consider bitcoin as 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:
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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?
Bitcoin can be money soon but if you look entirely at the features of bitcoin, bitcoin is money already because it makes money from simple posting upto joining some other things like signature campaign 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?
Well I've bitcoin wasn't money when the thread started it is for sure now!
I love when topics like this keep coming back, indefinitely.
Bitcoin is currency, and the most influential digital concept of our generation on top of that.
I love when topics like this keep coming back, indefinitely.
Bitcoin is currency, and the most influential digital concept of our generation on top of that.
Is bitcoin money, Yes. The only things bitcoin has is, Value, and technology value. The value itself is worth a lot of money Bitcoin is a limited currency which will only go up from being limited from that fact alone. I think it is more and more accepted every single day and eventually it will be used as a currency to buy everyday things. As for the technology value I think it is priceless, while I know very little about blockchain from the uses already being used I believe that it could be used in a lot of everyday things and even banking making everything we do faster. I think the creation of bitcoin has much more value in its technology then in itself, although I do believe Bitcoin is money.
Bitcoin is money because you can use this to buy a things you want using internet, but you cant touch bitcoin like fiat but it has also a high value.
What if I can’t fully wrap my brain around cryptocurrencies like bitcoin and ether?
Yes bitcoin is money which exist virtually in your digital wallets. People are using bitcoins for sale/purchase of products online from all over the world. Traders use this money for making huge profits in the digital world while investors invest maximum in this crypto currency for long term benefits.. Maybe, only crazy boy put all his funds into an asset still unknown value and unstable, even it can be disappear in someday. Jump to: