The debate about whether cryptocurrency is money or not

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: alcivall on February 03, 2018, 08:30:44 PM

The debate unleashed on cryptocurrencies continues. The government of the United States has been taking interesting steps in the legal aspect, since this invention has come to change schemes in the economic, social and political performance of the whole world. On the legality of Bitcoin and the other cryptocurrencies, its detractors, have tried to create matrices of opinion on the use given to them, and it has been meant that it is a speculative bubble, a Ponzi pyramid, or simply a resource of criminals for the drug trade, arms and the payment of ransom kidnappings.

Earlier, an English study, refers to the size of the cryptocurrency market, still very small when compared to the global market of fiat currencies and the stock market and debt bonds, they are used in less volume for criminal purposes.

The debate about whether cryptocurrency is money or not / By @alexvallenilla /
https://en-efectivo.blogspot.com/2018/01/lightning-network-relief-for-operations.html

OP's post is a copy of: https://www.reddit.com/r/Bitcoin/comments/7v3se8/the_debate_about_whether_cryptocurrency_is_money/
Enjoy your plagiarism ban.

Quote from: ducphat254 on February 03, 2018, 10:54:45 PM

I do not think so

Wow, you are so smart! I bet you won't see any merit for a long time.

Quote from: ?? on ??

interesting information Wink

Same here.

WTF is this a spam thread?

abdulq

newbie

Activity: 37

Merit: 0

Quote from: ?? on ??

Quote from: alcivall on February 03, 2018, 08:30:44 PM

The debate unleashed on cryptocurrencies continues. The government of the United States has been taking interesting steps in the legal aspect, since this invention has come to change schemes in the economic, social and political performance of the whole world. On the legality of Bitcoin and the other cryptocurrencies, its detractors, have tried to create matrices of opinion on the use given to them, and it has been meant that it is a speculative bubble, a Ponzi pyramid, or simply a resource of criminals for the drug trade, arms and the payment of ransom kidnappings.

Earlier, an English study, refers to the size of the cryptocurrency market, still very small when compared to the global market of fiat currencies and the stock market and debt bonds, they are used in less volume for criminal purposes.

The debate about whether cryptocurrency is money or not / By @alexvallenilla /
https://en-efectivo.blogspot.com/2018/01/lightning-network-relief-for-operations.html

after creating negative news/fud from countries like south koria, china and india now every eye on america meeting regarding regulation of bitcoint. Lets cross our finger and pray for best.

jseverson

hero member

Activity: 1834

Merit: 759

Uh, the linked page doesn't have anything to do with what you're talking about lol. It's basically talking about the Lightning Network and how it could make microtransactions viable again. Nothing about Bitcoin's classification about money or asset.

Either way, these debates don't really matter, and you are free to think what you want to think. Governments are going to rule it one way, and it's very likely you can't do anything about it. It has value either way, and you can trade it however you want at the end of the day.

Coins4Days

member

Activity: 294

Merit: 27

bit.ly/Coins4Hash

The definition of money is as follows:

The assets, property, and resources owned by someone or something; wealth.

The definition of assets is as follows:

A useful or valuable thing, person, or quality.

By defintion, bitcoin is an asset. It is a "valuable thing." It is possible to own bitcoin if you own the private keys of the wallet. Bitcoin is also associated with wealth. I mean, if you have a lot, you're wealthy right? The argument seems pretty simple to me. Bitcoin is indeed money.

CryptoBry

sr. member

Activity: 1008

Merit: 355

We don't care so much on how the government will be viewing cryptocurrency either as money or just an asset except on cases of taxation because this can really affect us all as the other end of the paying table. They can continue on debating and waste many hours analyzing cryptocurrency but the fact is that throughout the history of humanity anything can be used as a medium of exchange or money...it just later on evolved into paper money for convenience. In case the government will decide that it is money then well and good and in case it is taken as an asset then well and good at the same time.

ducphat254

newbie

Activity: 5

Merit: 0

I do not think so

alcivall

newbie

Activity: 3

Merit: 0

The debate unleashed on cryptocurrencies continues. The government of the United States has been taking interesting steps in the legal aspect, since this invention has come to change schemes in the economic, social and political performance of the whole world. On the legality of Bitcoin and the other cryptocurrencies, its detractors, have tried to create matrices of opinion on the use given to them, and it has been meant that it is a speculative bubble, a Ponzi pyramid, or simply a resource of criminals for the drug trade, arms and the payment of ransom kidnappings.

Earlier, an English study, refers to the size of the cryptocurrency market, still very small when compared to the global market of fiat currencies and the stock market and debt bonds, they are used in less volume for criminal purposes.

The debate about whether cryptocurrency is money or not / By @alexvallenilla /
https://en-efectivo.blogspot.com/2018/01/lightning-network-relief-for-operations.html

Topic: The debate about whether cryptocurrency is money or not (Read 178 times)