What is Virtual Money? - page 9. | Bitcointalksearch.org

momoro

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Quote from: goodpeople222 on January 27, 2018, 05:23:33 PM

About virtual currency, there are 03 different understandings:

Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
The type is not real value, not guaranteed by cash, gold, and valuable assets.
The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

Virtual is defined as having no basis of physical reality.virtual currency has been defined since 2012 by the European central Bank as a form of currency without rules or regulations created and supervised by the developer for use by its specialized members of the virtual community

babarian

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Virtual is defined as having no basis of physical reality. or any form of currency without rules or regulations created and supervised by the developer.

Ravenz

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Virtual is defined as having no basis of physical reality. Virtual currency has been defined since 2012 by the European central Bank as a form of currency without rules or regulations created and supervised by the developer for use by its specialized members of the virtual community.

Adiba14

newbie

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virtual currency that can be used to transact online. If asked how this form of currency, which is clearly not like the form of physical currency issued by a bank and not the currency of a country. The shape of this unique currency is just a file like common files.

crypteris

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Quote from: katrimans on February 20, 2018, 01:37:58 AM

Quote from: Seaze007 on January 28, 2018, 11:45:08 PM

Quote from: goodpeople222 on January 27, 2018, 05:23:33 PM

About virtual currency, there are 03 different understandings:

Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
The type is not real value, not guaranteed by cash, gold, and valuable assets.
The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

For me virtual money is you can used it online. You cannot hold it physically. But you can buy anything in online shop and also you can pay bills and other things.

Virtual currency is anything that cannot be touched but used as a currency for buying and selling things. Crypto currencies are indeed virtual ones and they are used for doing trading and so on.

Crypto currencies are the latest trend in the economics and people are really amazed by the way they are getting popular all over the world. The most important virtual currency is bitcoin because of its high prices and capability of generating profits.

I like your definition, simple and to the point. Just one addition, if you allow: "Crypto currencies are indeed virtual ones and they are used for doing trading, as a payment method and as a store of value in short-term and long-term investments".

sunita01

member

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Crypto money is the virtual money that money we can not touch is called virtual money, it is called digital money, which bitcoin, altcoin.

tradeviser

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Virtual money is the online money or the cryptocurrency. Virtual Money can be controlled by its developers, and used and accepted among the members of a specific (virtual) community. and not issued by a central bank or other banking authority.

sicnarfkswiss

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Quote from: Suharti12 on January 27, 2018, 05:34:02 PM

True, I think the creation of virtual currency is very good in the process of payment in the electronic field, it is very helpful because the ways and processes to conduct transactions that can be done easily and quickly, the virtual currency is very helpful.

absolutely. virtual money is a digital representation of value, it does not exist in real world.you can not touch it since it can only be use online usually in gaming.

Weldhers

jr. member

Activity: 135

Merit: 3

virtual money, is an unregulated digital money type, issued and usually controlled by the developer (Bitcoin is an exception), and is used and accepted among members of a particular virtual community.
virtual currency as "a digital representation of the value not issued by a central bank or public authority, nor is it bound to fiat currency, but is accepted by natural or legal persons as a means of payment and may be transferred, stored or otherwise traded electronically" . In contrast, the digital currency issued by the central bank is defined as the "digital currency of the central bank".

Joyceshiroor

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Virtual money is the online money or the cryptocurrency which does not exist in coins or notes form. They are just imaginary or virtual coins.

joanshu

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As per the European Central Bank a virtual currency is something which is not regulated and can be considered as a digital currency or digital money which is normally developed ,launched and controlled by the creators itself and which was being used and accepted by the members of the virtual world in the past but now things has changed.Everyone started using virtual currency as bitcoins are popular globally and it is recognised as the best virtual currency one can rely on.

lani123lani

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ORBIS PLATFORM

Virtual money is a popular digital money that can be a financial investment but also as a new currency that can be directly used in life.

sesilab

newbie

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Quote from: goodpeople222 on January 27, 2018, 05:23:33 PM

About virtual currency, there are 03 different understandings:

Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
The type is not real value, not guaranteed by cash, gold, and valuable assets.
The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

Virtual is defined as having no basis of physical reality.virtual currency has been defined since 2012 by the European central Bank as a form of currency without rules or regulations created and supervised by the developer for use by its specialized members of the virtual community.
uS depatemen of treasurypada 2013 states more firmly that virtual money as '' a medium of exchange that operates like a currency in certain environments, but does not have any attribute as a real currency ''. the key is the virtual currency attribute has no definition as a legal tender status.

servogeek2

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Somewhere in the Ether

The next stage of the web, is using programmable money to create and sustain
distributed systems, like the ethereum smart-contract system. Crypto allows us to build
utilities on the web, that can pay for their own continuance through cryptocurrency.

Fixed value currency changes how we use it. There will not be anymore bitcoins
printed, which changes the way they are spent in the marketplace.

We recreated the scarcity of rare gems and metals, while giving them a verifiable limit
that cannot be counterfeited, or inflated by printing more ad infinitum.

Crypto has removed the concept of trust away from authorized people and
organizations to the solid principles of mathematics and decentralized consensus.

This creates a true market.

A market that is not held captive to the borders of physical money and its limitations.
A true market, that allows buyers and sellers to transfer value to whatever is valuable
and whoever provides the best service, in a trustless and secure way.

Incentives can be tied to data-backed metrics and distributed globally on the basis of
performance, instead of personal bias, or nepotism.

Removing money from the sole arbitration of human beings frees us from the
limitations of our own perceptions and projections of other people, cultures, countries
and beliefs.

Boybugwal760820

full member

Activity: 308

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For me Virtual Money is another type of currency which is very different from the regular paper currency that we commonly used every day, virtual money is a digital money which don't have any physical form but has a market value. Virtual Money only exist in places which have internet and mobile connection but not all places in the world have mobile and internet connection so in places like that paper money will fill the gap and will continue to exist.

katrimans

hero member

Activity: 882

Merit: 500

Quote from: Seaze007 on January 28, 2018, 11:45:08 PM

Quote from: goodpeople222 on January 27, 2018, 05:23:33 PM

About virtual currency, there are 03 different understandings:

Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
The type is not real value, not guaranteed by cash, gold, and valuable assets.
The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

For me virtual money is you can used it online. You cannot hold it physically. But you can buy anything in online shop and also you can pay bills and other things.

Virtual currency is anything that cannot be touched but used as a currency for buying and selling things. Crypto currencies are indeed virtual ones and they are used for doing trading and so on.

Crypto currencies are the latest trend in the economics and people are really amazed by the way they are getting popular all over the world. The most important virtual currency is bitcoin because of its high prices and capability of generating profits.

bahula33

newbie

Activity: 210

Merit: 0

Quote from: goodpeople222 on January 27, 2018, 05:23:33 PM

About virtual currency, there are 03 different understandings:

Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
The type is not real value, not guaranteed by cash, gold, and valuable assets.
The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

Virtual is interpreted as not having the basics of physical reality. The virtual currency has been defined since 2012 by the European central Bank as a form of currency without rules or regulations created and supervised by the developer for use by its specialized members of the virtual community.

keanne_isaac

full member

Activity: 392

Merit: 103

www.daxico.com

Quote from: goodpeople222 on January 27, 2018, 05:23:33 PM

About virtual currency, there are 03 different understandings:

Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
The type is not real value, not guaranteed by cash, gold, and valuable assets.
The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

exactly no physical denomination but with certain value as same us physical currency it only exist virtually and used for online transaction virtual currency serve as the mediator for transaction online between two parties with different currency

Deamindit

newbie

Activity: 89

Merit: 0

I dont think i can describe it nicely though i know what it is... i was never good at explaining, even from my childhood ;P

SummonKing2

full member

Activity: 210

Merit: 128

Our current currency is philippine peso but this American country is dollar but there are countries I do not know what their current currency is because I do not cover it and know that the country's currency is bitcoin but few are paid bitcoin.

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