Is Bitcoin money? - page 98. | Bitcointalksearch.org

PancherBitCoin

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Quote from: AbdTstpr on August 09, 2017, 02:05:51 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.

AbdTstpr

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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.

Layyla

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I would like to say that i'm a investitor and also a girl who is promoting the BTC to became legalized and use in country's where its not avaible.
The BTC are like golds if you have a gold you can exchange them to money, but BTC is a level higher than a gold also is a trustable money which cannot be
controled by Goverment or some other organizations (Bilderberg etc), also no one can steal your BTC. I'm #Supporting BTC !

Obi2024

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Bitcoin is generally accepted as payment, it is a medium of exchange and a store of value, so i will say that it is money

ahmia39

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Trident Protocol | Simple «buy-hold-earn» system!

Bitcoin is money, and money isnt bitcoin. Bitcoin works better than money we've been using. Modernity is happening, making bitcoin perform better than paper money. For me who live in a third world country has potential for inflation currencies higher than europe make bitcoin as an alternative to savings.

passwordnow

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Leading Crypto Sports Betting & Casino Platform

Quote from: smileee on July 19, 2017, 09:34:37 PM

Bitcoin is a kind of money, or rather a smart money. It's not like the other currencies are only used in a certain range, it can be used anywhere to accept it.

But currencies = money. That's the only question that we have to answer although it's a thing that everyone should be thinking of that bitcoin's acceptance is still not that wide though.

Choyor

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Bitcoin is the virtual currency This currency is like a currency in every country, but only available in the digital world. Bitcoin is also not really a palid currency, bitcoin is just a media barter from bitcoin to the currency in each country. The bitcoin excess bitcoin is a cross-country currency, and it's very convenient and certainly benefits bitcoin users.

franco123

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The answer is YES!

Because in Finance, the basic definition of money is something that is being used for payments for goods bought or services rendered. Which is why Bitcoin is considered as money. It is used for transactions and payments for participating in a signature campaign. And for the others, they are using it in transactions through digital payments instead of paper money.

For better understanding, money is not just cash. Cash is a paper money that is the standard use for transactions. Cash is just one of the kinds of money we have. Bitcoin, gold and even consumer products can be considered money if they are being used for transactions.

concept2

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Quote from: Bowly88 on July 19, 2017, 08:48:52 PM

Quote from: Gavin Andresen on September 21, 2010, 12:41:46 PM

I believe that the statement: "bitcoin is new kind of money" passes the duck test.

Bitcoins function as money (they're a unit of account, a medium of exchange, and a store of value), and if PayPal started allowing Bitcoin transactions tomorrow I'm certain they'd treat them as Just Another Currency.

If you like, call it a commodity, but I think all you'll accomplish is confusing potential users who might think they'll end up getting pork-bellies delivered to their porch if they don't get rid of their bitcoins.

Yes for me too it is the new form of money, not just bitcoins but the other altcoins because they can be exchange into a real money. And anything that can used to buy is helpful and we can considered it money. Just like gold, bitcoin is like the future gold. I know in the future bitcoin will be our official currency and not just bitcoins but all of the crypto currencies.

Some people say that Bitcoin was a new era of money and I think so. More people accept to use and invest Bitcoin everyday. I even use it to pay school fee as the age of 15. I go shopping and buy some stuffs online. To me everything is money if I can use it to buy thing. And yes, Bitcoin is money, a new and strong cryptocurrency

smileee

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Quote from: theymos on September 21, 2010, 12:50:17 PM

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

Bitcoin is a kind of money, or rather a smart money. It's not like the other currencies are only used in a certain range, it can be used anywhere to accept it.

camsicuya

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I think we don't need any lawyer to say, that BTC is simply NOT A CURRENCY.
The currency has one or two of these two features:
- it can be used to pay taxes and the state cannot refuse to take it
- has the value for its material features (e.g. gold)

anhhung409

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Quote from: jgarzik on September 21, 2010, 12:12:09 PM

Quote from: fresno on September 21, 2010, 10:27:08 AM

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 think it is both money and a method of online transactions as well as fast, compact and extremely secure. Besides, it can also be a measure of value so that we can weigh things or other currencies.

Shady

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Life is a game, you either play it or get played.

Bitcoin is fully able to spur transactions, like all coin... This mega amount links to the cryptocurrency economy no matter the exchange rate.

It's full capacity seems to eradicate the fear because of how it keeps increasing by staggering amounts. The real passion comes from early creativity and no currency has been able to make people millionaires over short years unlike BTC... So that gives this currency feel just like superpower countries in comparison, that in turn could be real money.

The unique qualities surpass each upbringing and more than one alt-coin included will be classified as money as well because of standard rate.

thend1949

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Quote from: ghost07 on July 19, 2017, 08:35:24 PM

Quote from: jgarzik on September 21, 2010, 12:12:09 PM

Quote from: fresno on September 21, 2010, 10:27:08 AM

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.

That statement you are making is not agreeable for me, how could you say it's not money while you defined it to be exchanged to real money? To what proof are you seeking of with bitcoin currency, and you're telling that bitcoin ia not a real money. I wanted to make it clearer for others who will read this thread here, that having an involvement with a currency specially when this particular bitcoin exchanges to be used for payments online and businesses of digital currency trading; can be the same as paper money. Therefore bitcoin is not fake and really a money in a digital form stored in our wallets can be online or offline, with an encrypted passwords.

Bowly88

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Quote from: Gavin Andresen on September 21, 2010, 12:41:46 PM

I believe that the statement: "bitcoin is new kind of money" passes the duck test.

Bitcoins function as money (they're a unit of account, a medium of exchange, and a store of value), and if PayPal started allowing Bitcoin transactions tomorrow I'm certain they'd treat them as Just Another Currency.

If you like, call it a commodity, but I think all you'll accomplish is confusing potential users who might think they'll end up getting pork-bellies delivered to their porch if they don't get rid of their bitcoins.

Yes for me too it is the new form of money, not just bitcoins but the other altcoins because they can be exchange into a real money. And anything that can used to buy is helpful and we can considered it money. Just like gold, bitcoin is like the future gold. I know in the future bitcoin will be our official currency and not just bitcoins but all of the crypto currencies.

ghost07

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Quote from: jgarzik on September 21, 2010, 12:12:09 PM

Quote from: fresno on September 21, 2010, 10:27:08 AM

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.

NoNetwork

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Quote from: bs.glory on July 19, 2017, 01:43:19 PM

BTC is indeed a digital form of money, wherein it is the most improvised way of storage nowadays and will become in the near future. Maybe for the next decade/s a lot of people are using bitcoin not only as a stored value but for a medium of transaction through one click on our personal phones.

Well it is already happening in few countries that have accepted Bitcoin as their currency. Even the shops there are accepting Bitcoin as payment for the service or for an item that was bought.

It will soon be a medium of transaction whether it is small or large amounts.

coinenthu

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its a technology. you can do whatever you want

bs.glory

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BTC is indeed a digital form of money, wherein it is the most improvised way of storage nowadays and will become in the near future. Maybe for the next decade/s a lot of people are using bitcoin not only as a stored value but for a medium of transaction through one click on our personal phones.

megynacuna

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Quote from: WallSinger on July 17, 2017, 01:23:20 PM

Sure, you can buy many things with bitcoin, so bitcoin is a money

Exactly, it is money without physicality and that's the main difference between it and fiat . They are the same in terms of usage and Bitcoin is even more better than the fiats when it comes to double spending and security. It can also becsent globally without restrictions at a very low fees compared to fiat wire transfers.

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