I am here not for very long time, and I see that all topics regarding earning bitcoins are very hot, people love disusing earning bitcoins.
I am confused. As a human being, we all know how to make money.
Isn't bitcoin Money?
If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it?
In a word, there are only two ways to make money/bitcoin, legal and illegal.
I do love this saying, "In a word, Bitcoin is MONEY".
I am confused. As a human being, we all know how to make money.
Isn't bitcoin Money?
If bitcoin is Money, then the ways to make money are the ways to earn bitcoin, isn't it?
In a word, there are only two ways to make money/bitcoin, legal and illegal.
I do love this saying, "In a word, Bitcoin is MONEY".
Bitcoin is a currency but it is not money. In order for bitcoin to be considered money the state must recognized it as a legal tender but until now there are no declaration of bitcoin as a legal tender or an official medium of exchange and thus it can never be considered as a money. Though there are countries that have adopted bitcoin but they treat bitcoin as a commodity with a value that is a feasible form of payment.
Isn't currency money? For me, USD is a currency, HKD is a currency, and both HKD and USD are MONEY.
No, currency is different from money. Money stores intrinsic value within itself, fiat currency possesses buying power bestowed upon it by the government. Meaning a USD bill does not have a real value, it is only a piece of paper with writings and drawings, it only has a value because the government says so.
