Is Bitcoin Sound Money? - page 46. | Bitcointalksearch.org

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Quote from: neochiny on September 23, 2016, 09:07:38 PM

I'm not going into all that debate and whatnot, all I know is that I can use bitcoin to buy things,
I can use it to pay for my bills, I can even convert it to cash anytime I want. So, as I see it, it's money.
More than that, like fiat it can buy things and like gold it's value could go up or down. Bitcoin does all these while making it easier for payments ;with the near instantaneous transactions and low fees then, as for the value; it could be both good and bad in terms of investmen/speculation becauee of the volatility.

Exactly bitcoin now is like a money. I also not going to debate between bitcoin and Gold because the important thing in me is I Earned money from it where i can buy all things that I want and I can save it for my future. Bitcoin right now has a big part in me like you.

farharhadi

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This is to be rethought that bitcoin is better than gold.
It's easy to transfer bnaget and gold is cheaper than bitcoin.

nuela

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Bitcoin is internally earned money that can be obtained from mining with this can not be printed as fiat money,
But can be disbursed as banknotes as legitimate payments.

SwagGirl

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Hey we all get to say we were there in the beginning when bitcoin was only $2000! How cool is that!

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Quote from: Blitzboy on May 20, 2017, 04:05:10 PM

For everyone here, bitcoin is money and a type of investment which you can earn a good amount of money with it. Moreover, to some ITs and technological geeks, Bitcoin is a revolution to a new kind of money and a new way of developing a whole money system on the internet. Therefore, Bitcoin is much more than just a simple currency

Here I completely agree with you and the fact is that it's really so that Bitcoin is a way to make money And most of the users are doing this, even without knowing, about the technology that allowed to create a crypto currency.

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For everyone here, bitcoin is money and a type of investment which you can earn a good amount of money with it. Moreover, to some ITs and technological geeks, Bitcoin is a revolution to a new kind of money and a new way of developing a whole money system on the internet. Therefore, Bitcoin is much more than just a simple currency

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For me bitcoin is money I can do transaction or buy something with bitcoin, investment in bitcoin also good idea.
you can't comparing with gold it is different things.

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Yeah bitcoin sounds money to me as I am buying everything with it what I used to buy with fiat money no doubt we need to convert it to fiat first to spend it but after all its taking care of our expenses and other stuffs so its a real money for me.

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Quote from: _Legendary_ on May 02, 2017, 08:36:23 PM

Quote from: megynacuna on March 20, 2017, 03:09:44 PM

Bitcoin is indeed sound money just like other fiats because I get paid whenever I render services in Bitcoin just like my full time job pays me fiat at the end of the month and have the feeling it is sound money.

Agree, I think there is no difference in money with bitcoin, both of which can be used for the transaction and buy anything, users also continued to rise and bitcoin from all countries thus the bitcoin better than real money.

Bitcoin is definitely better then real money as its value keeps on going higher and higher in future and that is not possible with fiat money as inflation will depreciate its value which will not benefit people in long term.

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Quote from: stephanirain on May 02, 2017, 06:29:49 AM

In my own opinion when i first heard bitcoin it really sounds like money because from the word "coin" in "bitcoin" it sounds money. For others users of bitcoin, bitcoin is a real money but a real money from internet or an internet money.

Indeed your right bitcoin is really sounds money because from the word coin in bitcoin. Bitcoin can be used to buy things that you wanted and you can pay all your bills just like a real money does. But you can only earn bitcoin only in the internet so it consider as a internet money.

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Quote from: megynacuna on March 20, 2017, 03:09:44 PM

Bitcoin is indeed sound money just like other fiats because I get paid whenever I render services in Bitcoin just like my full time job pays me fiat at the end of the month and have the feeling it is sound money.

Agree, I think there is no difference in money with bitcoin, both of which can be used for the transaction and buy anything, users also continued to rise and bitcoin from all countries thus the bitcoin better than real money.

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Quote from: stephanirain on May 02, 2017, 06:29:49 AM

In my own opinion when i first heard bitcoin it really sounds like money because from the word "coin" in "bitcoin" it sounds money. For others users of bitcoin, bitcoin is a real money but a real money from internet or an internet money.

Why most of the people believe that bitcoin is only a payment medium for internet only? There are places, at sure not many, where someone can buy things e.g electronics, eat in restaurants or buy everyday things using his bitcoin wallet. So it's real money, Isn't it?

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Quote from: megynacuna on March 20, 2017, 03:09:44 PM

Bitcoin is indeed sound money just like other fiats because I get paid whenever I render services in Bitcoin just like my full time job pays me fiat at the end of the month and have the feeling it is sound money.

BItcoin is beyond money. And as you can see, we can now use Bitcoin almost everywhere since many people and sellers starts accepting Bitcoin as a type of payment, Steam is also use Bitcoin for 2 years

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Quote from: Yanisumin on May 02, 2017, 06:19:51 AM

Quote from: gtglener on March 19, 2017, 03:56:20 PM

Yes for me it perfectly sounds money. I do not have any problem with bitcoin and I can easily use it as money and can exchange it to any other currency and I can use it all over the world to buy any thing from any shop.

We're hoping for that to happen, currently we can't use it anywhere we want. It needs the internet and how people know about Bitcoin in that particular area. Some can say that they don't have problem in exchanging BTC to fiat but some really have some difficulties in exchanging it and convert it to fiat and that includes me too. The development of it is still ongoing and we're taking the steps slowly as Bitcoin rise to the top.

In our country we have this leading Bitcoin bank or what it really calls but sounds like that and this has a lot of partners which we can just get our bitcoin converted to fiat to some banks and convenient stores. I've shared this so that to some countries can adapt this and its a good thing for everyone. Bitcoin as a convenient way to earn money needs a system that is also convenient to use so we can avail it easier and faster.

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In my own opinion when i first heard bitcoin it really sounds like money because from the word "coin" in "bitcoin" it sounds money. For others users of bitcoin, bitcoin is a real money but a real money from internet or an internet money.

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Quote from: gtglener on March 19, 2017, 03:56:20 PM

Yes for me it perfectly sounds money. I do not have any problem with bitcoin and I can easily use it as money and can exchange it to any other currency and I can use it all over the world to buy any thing from any shop.

We're hoping for that to happen, currently we can't use it anywhere we want. It needs the internet and how people know about Bitcoin in that particular area. Some can say that they don't have problem in exchanging BTC to fiat but some really have some difficulties in exchanging it and convert it to fiat and that includes me too. The development of it is still ongoing and we're taking the steps slowly as Bitcoin rise to the top.

The_prodigy

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The arguments over bitcoin and gold isn't over yet where if you are rich you can go over the gold but when you are small time earner you will choose over bitcoin is bitcoin always sounds money for me . Where i can assured my income every month without loosing big in trading and investment.

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Quote from: ReLieD on March 20, 2017, 10:06:10 AM

Quote from: Paleus on September 23, 2016, 04:55:16 PM

The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.

Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.

Which factors of bitcoin instill this validity of investment?

Watch Video

Comparing gold with bitcoins is absolutely valid as the prices of both keep on changing.
If one day it's more the other day it might be less. But no doubt gold is always a better option.
As you can sell it and get paper currency which is widely used. Whereas bitcoin is used only in some places (sites).

See I don't think that comparing bitcoin with gold is,
at all a valid comparison.
I mean they are two totally different forms of investment.
Even though they are similar ,
But they are altogether different.
So you can't compare bitcoin with gold at any case.
Gold cam be used as a physical resource but bitcoin can't .
Whereas the rate of growth of gold is not as fast as That
Of bitcoin.
So bitcoin and gold are two totally different things with different assets and liabilities.
So they can't be compared.

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Quote from: Paleus on September 23, 2016, 04:55:16 PM

The bitcoin vs gold debate has raged on in investment circles since bitcoin has entered mainstream discussion among increasingly interested investors. Gold has been used as a form of currency and trade for thousands of years, and certainly has a track record for reliability and preservation of wealth. However, as the newcomer onto the scene, bitcoin may be the kind of financial and technological breakthrough to to challenge gold as the monetary kingpin.

Early on in its life cycle, seasoned investors began questioning the legitimacy of bitcoin value and debating how such a commodity could hold intrinsic value. What differentiates bitcoin from a mere collectible and what makes it similar to precious metal assets such as gold or silver? Among many circles, especially gold bugs and older-generation investors, bitcoin was not considered a valid investment up until very recently.

Which factors of bitcoin instill this validity of investment?

Watch Video

Bitcoin isn't actually money. The whole discussion for Bitcoin compared to Gold is really a no-brainer if the person looked in between the lines.
Gold has been around for a very long-time and people was using it for money back then as well.
Bitcoin wasn't around until close to 8 years ago. Bitcoin started off with no value and when people tried to put some value by allowing people to pay for digital things, nobody really wanted any Bitcoins for them (or the person with Bitcoins didn't really want to spend them).

Gold has many transactions, Bitcoin doesn't.
Gold is actually money and Bitcoin isn't.

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Quote from: Zadicar on March 18, 2017, 08:02:22 AM

Quote from: CraigWrightBTC on March 18, 2017, 07:12:44 AM

I don't think bitcoin is money at least for right now, because bitcoin can not be used for small transaction
payment like payment of a cup coffee because of the high fees transaction, bitcoin is sounds like gold because
it can be mined by asic hardware and the gold be mined too.

You do have a point but bitcoin can be considered as money since it do have value even though it isnt been considered by most government to be legalized but still it can be spend by exchanging it to local fiat and you are right it cant be spend directly your bitcoin to shops since the adoption isnt on its full extent.

Just couples stores that accept bitcoin for payment method, doesn't mean bitcoin is money,
how about block size of bitcoin? Do you think bitcoin is suitable for a little transaction, of course not.
Bitcoin is not money because it is not good for a little amount transaction because of high fees.

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