Sorry but i don't really agree with you. If we want to use that kind of definition to compare, then of course fiat really defines real money better.
Why? Because as medium of exchange, of course fiat is more common and used, unlike bitcoin. We barely able to use bitcoin as a medium of exchange. And also, as payment, fiat is better although we can't deny that in this modern era bitcoin surely has the potential.
And also the value, although bitcoin is so valuable, but it's risky and fluctuate a lot. Unlike fiat that's more stable and dependable. That's just my opinion though.
Topic: Is bitcoin more of a real money than money itself? - page 2. (Read 415 times)
Yes. Bitcoin is more of a real money and it is the currency of the future. The digital money like Bitcoin is going to drive the economy in future and this will transform the paper currency in to a most secured, speed and valuable digital currency in the world. I think in another few years the economy will be driven by digital currency like Bitcoin and the per capita income will be rocketing like anything.
Bitcoin is just like normal money as it can be substituted for paper money in certain situations. The mere difference is that you cannot hold it physically like the bank or government issued notes.
The definition of money for me is something that has value in itself and can be used and exchanged easily without restrictions or conditions.
Based on this definition, gold is real money and other metals that have values such as silver and diamonds.
Bitcoin cannot be considered real money but at least money because you can buy/sell it and have a value "But its value is earned and not real", which is better than the rest of the paper money, such as the dollar
Based on this definition, gold is real money and other metals that have values such as silver and diamonds.
Bitcoin cannot be considered real money but at least money because you can buy/sell it and have a value "But its value is earned and not real", which is better than the rest of the paper money, such as the dollar
It can not be said now that bitcoin is more than real money. Because bitcoin's price changes. Its price is all about trust.
Bitcoin price changes and that price movement is not all about trust but it just shows how the investors or trades move their crypto currencies. Bitcoin cannot be a real money, it is decentralized, also, it said that it is a measure of a value. Bitcoin price is usually USD depending on your country but the value of Fiats are never measured using Bitcoin.
No, real money is fiat, bitcoin is a digital currency and can be used for transactions but bitcoin does not become real money because its value is constantly changing.
The amount of bitcoin generated by the miners they worked on and the technology used to generate the bitcoin bitcoin is limited when the charge is very fast, unlike currency or paper money.
for me, no one can replace real money, and bitcoin is alternative money, for transaction without limit, across country, bitcoin is the best choices, but not all transaction can be handle by bitcoin, need more time to make bitcoin more than real money
In fact its ability to be transferred transcontinental makes it an awesome technology and innovation. This true value makes it have some money qualities and features. If Bitcoins adoption increases some more, we'll actually appreciate its value better. 
Bitcoin is the real money and those who have this currency they can use it for monetary transaction SO Bitcoin is the real money and we are the users of this money and now we can say that bitcoin is trading in the world for making profit the money features is full satisfied by the bitcoin so we can say that bitcoin is the real money for this time.
Bitcoin works as real money because it is been using even for payment system to those establishment that accept bitcoin and mostly on online. It can be a real money which we are using everyday even the price is not that stable. Most people now earning bitcoin and claim to get a salary in the form of bitcoin also.
There isn't really anything that can be classified as "real money".
I feel like that you're referring to fiat currency when you talk about bitcoin being superior than 'real money'. Fiat currency is only one type of currency, so it definitely can't be classified as "money itself" or "real money" at all.
In fact, if we follow the definition that money needs to be a store of value in the long run, bitcoin is a much better form of money than fiat is as we know that fiat is centralised and tend to lose value in the long run due to currency debasement.
I myself very much would rather hold bitcoin as a store of wealth in the long run, than fiat. That's the simple truth. But obviously the short term usages of bitcoin is limited at the moment, coupled along with the fact that adoption is low (and awareness) means that right now, people still use fiat for most of their day to day transactions, even though bitcoin can be considered to be a better form of money and store of value.
I feel like that you're referring to fiat currency when you talk about bitcoin being superior than 'real money'. Fiat currency is only one type of currency, so it definitely can't be classified as "money itself" or "real money" at all.
In fact, if we follow the definition that money needs to be a store of value in the long run, bitcoin is a much better form of money than fiat is as we know that fiat is centralised and tend to lose value in the long run due to currency debasement.
I myself very much would rather hold bitcoin as a store of wealth in the long run, than fiat. That's the simple truth. But obviously the short term usages of bitcoin is limited at the moment, coupled along with the fact that adoption is low (and awareness) means that right now, people still use fiat for most of their day to day transactions, even though bitcoin can be considered to be a better form of money and store of value.
I think the existence of bitcoin, and other cryptocurrencies, reveals the true nature of money which we had long forgotten or never really had the right idea about. Money, as defined by the Webster's 9th New Collegiate Dictionary, is something generally accepted as a meduim of exchage, a measure of value, or a means of payment. Practically, though, that "something" is a concrete object, not just a mere idea. Thus, money is subject to depreciation - as seen in the decline of value via inflation and similar situations. In this sense, the standard value of money doesn't seem so standard at all and it won't be much of a "generally accepted" medium of exchage. This is where bitcoin is more of a real money than the physical money itself. We don't control it's value, unless everyone - really, EVERYONE, at least those who use it - agrees so.
Bitcoin is only digital figure a number of integrals,that can be used for trading ,thats why this is not a real money,its only digital number,that can be used for exchange or to barter other kinds of currency,otherwise it is disame purpose to money in the exchange trading ,but in phsical form,money is opaque while bitcoin is transparent,because its compose only of integral numbers.
I think Bitcoin is not real money. I think Bitcoin is electronic gold. Bitcoin is a type of asset that can make a profit from rising prices. and gold also have similar features
Bitcoin is still expensive, but maybe soon everything will change.
It can not be said now that bitcoin is more than real money. Because bitcoin's price changes. Its price is all about trust.
Both currencies to me are real money in their own capacity based on their users at any point in time. Money is actually any medium that is generally acceptable as a means of payment for goods and services rendered in the country of operate. The only difference between them is that Bitcoin is an anonymous[abstract in nature] on line Digital currency, though restricted/limited to the number of people that actually believes in it. However, the feasible/physical paper money itself can only be accepted as a legal tender within their country of originality. The two of them uses forms of exchange to deal with the outside wall.
Real(fiat) money depreciates over time, unlike bitcoin, but at the same time provides their liquidity and protection against counterfeiting by the country that issued them.
That's actually far, far away from the truth. If you could look through some fat history books, you could clearly notice who is responsible for majority of money counterfeiting.
Urban legends tell the tale of brave and fearless money forgers and yet the story is usually much simpler, much more disgusting and terrifying. Those legendary fakers are highly trained specialists, with pre-made tools, machines, matrices, props, ramrods etc.
Only one group could have access to such scarce equipment, special forces. Those usually work on the command of governments.
What is the best way to increase the amount of money in circulation, without rising the inflation?
By the usage of controlled, professional counterfeiters, cloaked as regular criminals... In short, Gov. gives no protection against forgery.
full member
Activity: 252
Merit: 101
EMMARES – Email as you know it, will never be the
I think the existence of bitcoin, and other cryptocurrencies, reveals the true nature of money which we had long forgotten or never really had the right idea about. Money, as defined by the Webster's 9th New Collegiate Dictionary, is something generally accepted as a meduim of exchage, a measure of value, or a means of payment. Practically, though, that "something" is a concrete object, not just a mere idea. Thus, money is subject to depreciation - as seen in the decline of value via inflation and similar situations. In this sense, the standard value of money doesn't seem so standard at all and it won't be much of a "generally accepted" medium of exchage. This is where bitcoin is more of a real money than the physical money itself. We don't control it's value, unless everyone - really, EVERYONE, at least those who use it - agrees so.
Yes it is more money than itself because the value of bitcoin don't control anyone
Money is a form of currency. Currency can be defied as money in any form when in actual use or circulation as a medium of exchange, especially banknotes and coins.
I think cryptocurrencies definitely cover part of that definition and by name are suited to being called currency/money. I’m unsure how it can be considered ‘more real’ than actual money. That’s like saying garlic bread is ‘more real’ than actual bread. It’s just a different variation.
I think cryptocurrencies definitely cover part of that definition and by name are suited to being called currency/money. I’m unsure how it can be considered ‘more real’ than actual money. That’s like saying garlic bread is ‘more real’ than actual bread. It’s just a different variation.
Real(fiat) money depreciates over time, unlike bitcoin, but at the same time provides their liquidity and protection against counterfeiting by the country that issued them.
I think the existence of bitcoin, and other cryptocurrencies, reveals the true nature of money which we had long forgotten or never really had the right idea about. Money, as defined by the Webster's 9th New Collegiate Dictionary, is something generally accepted as a meduim of exchage, a measure of value, or a means of payment. Practically, though, that "something" is a concrete object, not just a mere idea. Thus, money is subject to depreciation - as seen in the decline of value via inflation and similar situations. In this sense, the standard value of money doesn't seem so standard at all and it won't be much of a "generally accepted" medium of exchage. This is where bitcoin is more of a real money than the physical money itself. We don't control it's value, unless everyone - really, EVERYONE, at least those who use it - agrees so.
nah bitcoin is a digital currency that we know bitcoin is not just money or assets alone with bitcoin can be political and all kinds because bitcoin is the only money that can not be controlled by the government or the richest man in this world, this is purely from the demand and enthusiasts.
Jump to: