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Topic: Is Bitcoin money? - page 97. (Read 112172 times)

hero member
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August 10, 2017, 01:30:36 AM
From our history we know that anything could be called money even shells or just rocks. If people believe that it is money, if they used it between each other to get some things than it is money. A lot of people use Bitcoin around the world like money and more over some countries accept it like currency. So I think Bitcoin is money
you are right. If human considers something as money, they are money. Bitcoin is being used in many trade between people and people and because of that fact, I believe that bitcoin is used as money and it is a true kind of money. In the future, it will be a new era to the digital money, such as bitcoin
newbie
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August 10, 2017, 12:56:17 AM
From our history we know that anything could be called money even shells or just rocks. If people believe that it is money, if they used it between each other to get some things than it is money. A lot of people use Bitcoin around the world like money and more over some countries accept it like currency. So I think Bitcoin is money
full member
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August 10, 2017, 12:54:45 AM
It may also be some other things. People call it an asset, a treasure, etc. Bitcoin may be all those things at the same time.

But it is still a money for me, a sound money. I mean, I can use it to buy a pizza, pay my electric and water and internet bills. I can use it to book airplane flights, hotels, and some other reservations. That is enough for me to consider bitcoin money.

im agree with you. bitcoin have it valued as money can buy and sell. what i like the most about bitcoin is we own it. not controlling by any country. it our future money perhaps.
im hope my country more looking about this bitcoin in the future as it get more values then gold now. im jealous to see other country more aware about this bitcoin then my country. not much awareness about this very potential future money aka bitcoin. so yes bitcoin is a money. the most expensives money in the world currently.
hero member
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August 10, 2017, 12:51:31 AM
For me bitcoin is money because I use it as money. I buy different stuff with it and I have it on my bitcoin debit card so there is no any difference except that is virtual and not physical. But many other people don't see bitcoin that way, for them is an investment, asset even some type of goods. Everyone sees it in different way but what matters is that we all have use of it.
sr. member
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August 10, 2017, 12:44:51 AM
It may also be some other things. People call it an asset, a treasure, etc. Bitcoin may be all those things at the same time.

But it is still a money for me, a sound money. I mean, I can use it to buy a pizza, pay my electric and water and internet bills. I can use it to book airplane flights, hotels, and some other reservations. That is enough for me to consider bitcoin money.
full member
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August 10, 2017, 12:35:25 AM
If I think bitcoin is very good, but more money because money has been used all over the country and has long been used, that's my opinion. Smiley
hero member
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August 09, 2017, 08:17:16 PM
For me Bitcoin is money and there is no difference between Bitcoin and any other currency or fiat, simply because I can use my bitcoins to sell and buy my needed goods and services online, and it can be converted to cash easily. So it is real money.
I think bitcoin is in the process to make it easier for people who want to make a purchase in any form and bitcoin has proven it in some countries only in countries that have not been able to use bitcoin for shopping. some say simple bitcoin we need not have to use real money Again besides making a good future process turned out if I think using bitcoin can make us more comfortable in buying anything without having to issue banknotes whose risk is also very calculated for us all..
sr. member
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August 09, 2017, 07:03:19 PM
For me Bitcoin is money and there is no difference between Bitcoin and any other currency or fiat, simply because I can use my bitcoins to sell and buy my needed goods and services online, and it can be converted to cash easily. So it is real money.
sr. member
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August 09, 2017, 06:16:14 PM
    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:
    • 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.
    [links omitted]
    [/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 also think so. Many people misundertood bitcoin as money. But it has only direct use on online transaction and before you can consume that offline, you still have to convert it to a certain currency available then it is good to go. According to the sited definition, it is a common medium of exchange. But since it is not accessible anyone, so it lacks this characteristics. Another definition sited above that it is a currency issued by the government As far as i know, bitcoin is not legalized in other countries, make it also lacks this characteristics
    sr. member
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    August 09, 2017, 05:50:42 PM
    initialy bitcoin was created just to simplify things, to make it eaiser for us to use moeny but in a crypted way,but as time went on bitcoin became more like an investment just like gold, it has a high value people save it until some day they run of paitience or money.
    Yes, definitely agree to this! bitcoin now is a medium of exchange from one entity to another. It is another evolved currency because of technology. Just this simple analogy, if bitcoin is not money, I therefore can't use it as payment. I therefore can't earn out of it. And I therefore can't use it. Money can buy things and so is bitcoin.
    full member
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    August 09, 2017, 05:43:31 PM
    Yes bitcoin is money, it is the best of cryptocurrencies has to offer, knowing.ypu can exchange bitcoin in your country's money and still will give you more bitcoin is definitely the money, that everyone wants to havd it is also a valuable asset for the owner.
    full member
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    August 09, 2017, 05:36:38 PM
    Bitcoin is like money out of money. Of course, this is money. But not such as in the ordinary sense. Rather, they can be compared to stocks.
    Uniquely that Bitcoin is the currency of an indefinite Circle of people. This community of people is rather limited and therefore it can not be said that the crypto currency will be very much spread. First of all for today, I myself look and Bitcoin as a commodity, to the city of which I can earn real money.
    sr. member
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    August 09, 2017, 05:25:50 PM
    Bitcoin is like money out of money. Of course, this is money. But not such as in the ordinary sense. Rather, they can be compared to stocks.
    hero member
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    Leading Crypto Sports Betting & Casino Platform
    August 09, 2017, 05:16:18 PM
    initialy bitcoin was created just to simplify things, to make it eaiser for us to use moeny but in a crypted way,but as time went on bitcoin became more like an investment just like gold, it has a high value people save it until some day they run of paitience or money.
    I agree it's an investment which can bring you huge profits with time so it's treated more like a store of value at present but bitcoin has the potential to serve as money too and I am sure that as there's a worldwide adoption of bitcoin it will serve both as store of value and money too with which we can buy almost everything we are offered so I think bitcoin needs only a little more time to prove itself as money too.
    hero member
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    August 09, 2017, 05:05:48 PM
    yes bitcoin is money but a special kind of money, which continuasly increasing, i mean growing and make you rich if you have them.

    Money or currency, yes there is a special something in bitcoin. Why? Because every year bitcoin's price is increasing and unlike other money, their value are depreciating because of the inflation and it is depending too in their economy. But with bitcoin's economy, I can say that this money is worth to invest as it will give you a lot of benefits.
    sr. member
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    August 09, 2017, 04:57:45 PM
    initialy bitcoin was created just to simplify things, to make it eaiser for us to use moeny but in a crypted way,but as time went on bitcoin became more like an investment just like gold, it has a high value people save it until some day they run of paitience or money.
    sr. member
    Activity: 560
    Merit: 251
    August 09, 2017, 02:59:56 PM
    Bitcoin can be utilized like whatever other cash. So you can pay for any merchandise or administrations with Bitcoin.We can likewise do what we can with genuine cash with Bitcoin. That is the reason Bitcoin is a cash. The main distinction is the advanced money.Bitcoin is the best-computerized cash for quite a long while and later on, it will have a decent point of view
    legendary
    Activity: 1932
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    August 09, 2017, 02:55:11 PM
    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.

    +1 agreed. its not a money but we can exchange it as a real money. and Even the shops there are accepting Bitcoin as payment for the service or for an item that was bought.
    You said it's not money but you can exchange it to money, buy things with it without exchanging it to money etc, right?
    It is pretty much what you can do with money so bitcoin is money. To be honest you can't agree with someone and than write completely different opinion.
    hero member
    Activity: 3052
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    August 09, 2017, 02:49:32 PM
    I consider it as money cause we can use it to pay and for me it is the only value of money,
    For me money is just something that can be used to pay for something so therefore I consider bitcoin as money.
    For today Real life is very expensive, and it is very difficult or even impossible to survive without money. Daily expenses for everyday needs, as well as payment for a paste pate, you need to use real money. So far, Bitcoin can not give this. Although I view Bitcoin only as a commodity with the help of which it is possible to realize and earn real money.

    If you think of it as a commodity then there is no problem it can always become a money once you sell it so still it is considered money.
    An item to which we could trade and get something using it is considered money for me. In fact before they use gold coins or just gold to buy and sell. But what will be it in the future. In fact now we are already experiencing it now. Online payments although the most used is credit card. Someday that will be upgraded too.4
    full member
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    August 09, 2017, 02:42:04 PM
    yes bitcoin is money but a special kind of money, which continuasly increasing, i mean growing and make you rich if you have them.
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