Is Bitcoin Money or Currency - page 35.

loragean03

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

yes, bitcoin is a money by means of digital currency. bitcoin can be considered as a new generation currency in a digital aspects. in our modern world all things mostly money are have a connection online (internet), most of activity can be done online so as an easy ways people created a modernification digital currency to be use in the future purposes. and bitcoin is not just a digital currency online it is also a good investment program that can earn profits.

mersal

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Quote from: novhitadaloma on January 13, 2018, 11:39:21 AM

Bitcoin is a virtual currency that can be used to transact online. If asked how this form of currency, which is obviously not like the form of physical currency issued by the bank and not the currency of a country.

Yes bitcoin is a virtual currency and it is used by a lot of people today it is little equal to normal money used by people now because they had good feedback about bitcoin like their own currencies in future it will be used by all people in the world .

yuukireit

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both of them, but i think in my country it represent to investment haha

Kim Domingo

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WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN

Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

If I will be basing my answer from the definition you have given, my understanding and answer will be literal on what you have given that Bitcoin can only be a currency and not a money because money on its definition is just like in physical manner of being a cash or physical coins just like pennies to be also used in a physical manner. But thinking it in a more complicated manner, Bitcoin can do also be considered as both money and currency since Bitcoin was a coin in virtual reality and can also be a cash if you really thinking of it as it is the one.

dx_twisted

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Quote from: aardvark15 on January 15, 2018, 12:27:00 PM

Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

It’s hard to define Bitcoin and other cryptocurrencies because they are something new and innovative. I would define them as a method of payment, a store of value, and a method of transmitting money. But in addition to those, many altcoins have specific functions such as smart contracts or internet of things.

Bitcoin's concept is an alternative payment method which objective is to eliminate the use of credit and debit cards that causes fraud throughout the world wide web. However, due to its volatility in nature, majority of the people that accepts BTC, considered it as a digital commodity or investment in general. Many of the people that involved in this digital currency think of it as an investment rather than a payment method and this is one of the major reason why its value became so high that more people are enticed to enter into the digital coin scene. Altcoins existed due to BTC's blueprint that paved way into the digital market and thus being an alternative option of an asset rather than a currency.

Praskatoon

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I also believe it's both and that's one of the biggest advantages od btc

bajigur894784

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

If it only refers to a noun, of course bitcoin is the currency. because bitcoin is a commonly used money system.
but bitcoin has properties and uses like money. that is, can be made as a medium of exchange and can be used for buying and selling activities.

Cryptoforus Columbus

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It's just a philosophical question. From a practical point of view, there is no difference.

mikan111

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Bitcoin is neither money nor a currency in the classical sense it's both of them. Bitcoin is a totally new concept of payment system.

ivanst776

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Quote from: magic ice on April 08, 2015, 09:38:13 AM

Quote from: Jakesy on April 08, 2015, 09:36:33 AM

Money is unreal, meaning imaginary, intangible - a concept.

Currency is NOT money, but merely represents money.

So, bitcoin is... ?

Bitcoin is a currency that has equal value to those circulating money that called FIAT all over the world.
Bitcoin is a virtual money that has no physical appearance for the people to hold and pay like cash. aside from being currency bitcoin is a bit asset and a good investment for everyone who knows how to play the chart of bitcoin. this is the real deal for anyone who wants to earn a big profit in short and long term!

MaitoMaito

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I just say, homie right now make some money with this currency, that is it!

rynah011991

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

bitcoin both consider as money and currency, why? because money represent as for wealth and for generalization of all currency while currency is specific term of wealth, different countries have different currency.

aardvark15

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

It’s hard to define Bitcoin and other cryptocurrencies because they are something new and innovative. I would define them as a method of payment, a store of value, and a method of transmitting money. But in addition to those, many altcoins have specific functions such as smart contracts or internet of things.

carelessboy

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bitcoin just a currency .not money but this currency best way to earn money.from the digital currency we earn bitcoin ,ethereum or token than we exchange it dollars.

inillo

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Quote from: magic ice on April 08, 2015, 09:31:11 AM

mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
---

cur·ren·cy read as ˈkərənsē (noun)

-a system of money in general use in a particular country.

So, is bitcoin money or currency?

By reading this definitions, it can´t be currency, as no country backs it nor is specific of one. My doubt would be if you can class it as money because it does not seem to fit either. Huh

pathapoddo

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CRYPTOCITIZEN $CCASH

Bitcoon is a currency. It has a value but we can't touch it. But all of we call dollar as a money. Because it has a structure, we can touch it. So that bitcoin is currency.

SMSabuj

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I am a professional Web Designer and Developer

Bitcoin is a currency not more. But today it use instead of physical currency. Bitcoin is used for online work. Bitcoin become very popular day bye day.

novhitadaloma

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Bitcoin is a virtual currency that can be used to transact online. If asked how this form of currency, which is obviously not like the form of physical currency issued by the bank and not the currency of a country.

Darknight31

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It is both a money and currency because in reality bitcoin is a form of crypto-currency that we could used on transactions and we could also have as a form of investments and give a chance to earn and make profit in the future with the used of trading platforms on the market that provides other crypto for better transactions.

sclmte

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Bitcoin is decentralized electronic money. It is something accepted as a medium of exchange or means of payment. So in my opinoin and the way I understand bitcoin it is considered as money or a currency but in an electronic form.

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