Is Bitcoin 'real money' to you? - page 61.

ajrah

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Quote from: Nobitcoin on October 26, 2015, 08:49:18 AM

The reasoning behind my thinking that Bitcoin isn't real money is :

1, You can't goto your local petrol station or McDonald's to buy either cigarettes or burgers.
2. Do I really want to wait from 15 mins - 2 hours to confirm a small purchase at an establishment.
3. Sooner or later someone will crack private keys or find a way to control wallets and all Bitcoin will turn to dust.
4. How would you calculate the price of an item if Bitcoins price is so fickle

Isn't it the same thing if you show up in the petrol station holding a Japanese Yen while you are in Thailand? Same with going to McDonalds in Singapore and you only have Vietnam Dong with you. You need to go to an Exchanger to convert to local currency. ATM skimming is also rampant today which may endanger your life while withdrawing money from an ATM. The only thing that we hate with Bitcoins is the confirmation process which takes 15-20 minutes for the 1st confirmation.

OrientA

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Quote from: ?? on ??

Quote from: Nobitcoin on October 26, 2015, 08:49:18 AM

The reasoning behind my thinking that Bitcoin isn't real money is :

1, You can't goto your local petrol station or McDonald's to buy either cigarettes or burgers.
2. Do I really want to wait from 15 mins - 2 hours to confirm a small purchase at an establishment.
3. Sooner or later someone will crack private keys or find a way to control wallets and all Bitcoin will turn to dust.
4. How would you calculate the price of an item if Bitcoins price is so fickle

sir, you're exceptionally stupid.

Not actually. These are legitimate questions.

The confirmation time prevents the daily usage of bitcoin for the time being. When bitcoin is adopted widely, there will be more support of the infrastructure, such as those for fiats. Bitcoin will be used like today's fiat, with the added benefit of transfer without using a bank.

Blawpaw

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I'm a freelancer and only accept Bitcoin; for me Bitcoin is much more than money. It is a safe haven and the most adequate tool to transmit value.

winspiral

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Free WSPU2 Token or real dollars

Of course is bitcoin real money or has a real value for me and for all the ones who earn it on my sites.
Even if in most of time it is just used like a token...but in the end it is cash.

rivoke

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Yes, since bitcoin can purchase goods just like money. But as we know, not all people interest bitcoin since there are many problem occur ( like security ) and it's value still can't stable enough to be selected as investment option.
As a bitcoin holder I still believing on bitcoin that someday will be a great investment and don't feel regret to hold it.

gentlemand

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Welt Am Draht

Quote from: Nobitcoin on October 26, 2015, 08:49:18 AM

The reasoning behind my thinking that Bitcoin isn't real money is :

1, You can't goto your local petrol station or McDonald's to buy either cigarettes or burgers.
2. Do I really want to wait from 15 mins - 2 hours to confirm a small purchase at an establishment.
3. Sooner or later someone will crack private keys or find a way to control wallets and all Bitcoin will turn to dust.
4. How would you calculate the price of an item if Bitcoins price is so fickle

My question perhaps should've been rephrased as 'real value'. There are plenty of things that you can't spend down your local gas station that still has real value that people strive for. That gold stuff for starters.

OrientA

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Quote from: Nobitcoin on October 26, 2015, 08:49:18 AM

The reasoning behind my thinking that Bitcoin isn't real money is :

1, You can't goto your local petrol station or McDonald's to buy either cigarettes or burgers.
2. Do I really want to wait from 15 mins - 2 hours to confirm a small purchase at an establishment.
3. Sooner or later someone will crack private keys or find a way to control wallets and all Bitcoin will turn to dust.
4. How would you calculate the price of an item if Bitcoins price is so fickle

1, 2. Lack of instant confirmation is a problem. It can be solved by side chains. If credit card companies integrate bitcoin, and you have account with them, then it is not a problem.

3. They will need the energy of the universe to crack all the keys. If the keys can be cracked, all the banking and financial system is insecure.

4. Price volatility will be smaller when bitcoin is used more, and the market capitalization is bigger.

Towlie

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Bitcoin is real money to me. In fact, I would say bitcoin is the realest money even over fiat and it's certainly the most fair and reasonably created one. Central banks just being able to print more on a whim seems like the very definition of unfair not to mention corrupt.

Nobitcoin

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In holiday we trust

The reasoning behind my thinking that Bitcoin isn't real money is :

1, You can't goto your local petrol station or McDonald's to buy either cigarettes or burgers.
2. Do I really want to wait from 15 mins - 2 hours to confirm a small purchase at an establishment.
3. Sooner or later someone will crack private keys or find a way to control wallets and all Bitcoin will turn to dust.
4. How would you calculate the price of an item if Bitcoins price is so fickle

gentlemand

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Welt Am Draht

Quote from: Light on October 24, 2015, 08:48:33 PM

From a risk perspective I feel like it's the same thing at casino's where they switched to chips and credits. IIRC there have been psychology studies that noted having an alternate "form" (for lack of a better word) creates a disconnect between the value of the chips in relation to their actual worth in the player's mind. Hence you would be right in assuming it would promote riskier behavior - which is what we see with the gambling, investment schemes and lending.

That makes a lot of sense. What is strange though is that it requires real effort and commitment to take hold of the coins you squander. These people who spend forever clicking faucets only to spunk the meagre proceeds seem to forget that it took countless hours of their lives to obtain them. Even getting on a vanilla exchange requires a lot of hoop jumping.

jakelyson

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Quote from: gentlemand on October 24, 2015, 03:47:25 PM

There's a consistent theme that I see popping up on here that I find rather fascinating, and that is the way that many posters perceive BTC.

What do I mean? People doing things with BTC that they'd never, ever dream of doing with their dollars - gambling as an 'investment', or gambling at all, pouring coins into bullshit investment schemes run by totally anonymous showers of shit, lending on here to shambolic morons, asking the question 'where do I get free coins?'

Considering how much of a pain up the arse it can be to obtain coins and keep them safe and their future potential, I find it bizarre that there's such an extreme disconnect. I would've thought it should be at the opposite end of the scale but that's clearly not the case for many.

Why do you think this attitude has developed and where do you stand yourself?

Anything that can be exchanged to goods and has value are as good as FIAT money to me. If others spends their precious bitcoin in gambling or scam investments is their own prerogative. Maybe they still see BTCs as just internet token and can be taken for granted.

But for me, anything I earned with blood and sweat should be treated preciously and spent wisely.

Kevin77

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Quote from: Hellacopter on October 25, 2015, 06:56:15 PM

Quote from: gentlemand on October 24, 2015, 03:47:25 PM

There's a consistent theme that I see popping up on here that I find rather fascinating, and that is the way that many posters perceive BTC.

What do I mean? People doing things with BTC that they'd never, ever dream of doing with their dollars - gambling as an 'investment', or gambling at all, pouring coins into bullshit investment schemes run by totally anonymous showers of shit, lending on here to shambolic morons, asking the question 'where do I get free coins?'

Considering how much of a pain up the arse it can be to obtain coins and keep them safe and their future potential, I find it bizarre that there's such an extreme disconnect. I would've thought it should be at the opposite end of the scale but that's clearly not the case for many.

Why do you think this attitude has developed and where do you stand yourself?

Personally i consider the Bitcoin as real money , totally like Dollar and other currencies. And i belive it's really money. But yes there is some people make things with Bitcoin can't make it really with other currencies i think they consider Bitcoin such a game or something alike..I don't care about them and i think they re wrong

Yes bitcoin is nothing shorter to the real money. I consider my bitcoin wallet as my banking system. So, obviously the bitcoin units are my real money as it has all the potentials of buying anything in this world. Believe in bitcoin, because of it the future of real money.

Hellacopter

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Quote from: gentlemand on October 24, 2015, 03:47:25 PM

There's a consistent theme that I see popping up on here that I find rather fascinating, and that is the way that many posters perceive BTC.

What do I mean? People doing things with BTC that they'd never, ever dream of doing with their dollars - gambling as an 'investment', or gambling at all, pouring coins into bullshit investment schemes run by totally anonymous showers of shit, lending on here to shambolic morons, asking the question 'where do I get free coins?'

Considering how much of a pain up the arse it can be to obtain coins and keep them safe and their future potential, I find it bizarre that there's such an extreme disconnect. I would've thought it should be at the opposite end of the scale but that's clearly not the case for many.

Why do you think this attitude has developed and where do you stand yourself?

Personally i consider the Bitcoin as real money , totally like Dollar and other currencies. And i belive it's really money. But yes there is some people make things with Bitcoin can't make it really with other currencies i think they consider Bitcoin such a game or something alike..I don't care about them and i think they re wrong

Pab

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Sure bitcoin is money for me,i am from country where 23% of vat tax has been puten on btc,becouse of that no merchants here accepting btc,now with last news from EU that is diffrent
When you are talking about all that strange things what people make with his btc i can tell you thay did and thay do same with fiat money,hype market,gambling,internet scams etc al that exist in fiat money

But btc is also kind of technology,disrupting technology,whatever to say,it is biggest from dotcom in internet

zimmah

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Bitcoin is as real to me as gold or silver, more real than dollars or euros.

People should stop seeing fiat currency as money or wealth.

visual111

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if USD is real money, then BTC is real money to me

Hugroll

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yes bitcoin is real money to me. if i buy btc with my real money, i treat it as a change of currency not as a purchase of good.

OrientA

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Bitcoin is real money to me. I used bitcoin to buy various things including computer components. I also hold some, and see its value up and down. It is quite interesting.

chennan

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Quote from: thejaytiesto on October 25, 2015, 11:46:18 AM

It's the most REAL god damn form of money ever to be seen in the history of mankind. How can it not be real money? All other forms of money until now have been shit, now thanks to technology, we can finally make that ideal form of money true. The fact everyone using this yet it's because most people are idiotic sheep, so we will need one decade or two.

You've really hit the nail on the head with this comment... It is hard for a majority of people to accept bitcoin (or most other cryptos for that matter) in a conceptual manner. They fail to realize that there is no such thing as a "free bitcoin", all they see is numbers on a screen, not the hashing power and energy that it took to create those numbers... Also, it's hard for people to see the use for a limited currency, because what you learn in school is that the private banks control the money supply for inflation and that is supposed to be good for us... it's just another way that the leaders of our country can manipulate the minds of the majority of people to be at the mercy of a group of very wealthy and powerful individuals that can quite literally create numbers on the screen with no work or effort...

Kind of ironic when I think about it.

btcxyzzz

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Monero - secure, private and untraceable currency.

Quote from: thejaytiesto on October 25, 2015, 11:46:18 AM

It's the most REAL god damn form of money ever to be seen in the history of mankind. How can it not be real money? All other forms of money until now have been shit, now thanks to technology, we can finally make that ideal form of money true. The fact everyone using this yet it's because most people are idiotic sheep, so we will need one decade or two.

you nailed it, thanks.

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