Bitcoin Forum

http://satoshibonus.blogspot.com/2016/07/bitcoin-is-not-money-florida-judge.html

Money in its current sense is an asset backed by Gold and it's local currency. Bitcoin has neither of these traits. Therefore yes, bitcoin isn't money in a legal sense. It is an asset.

But colloquially, bitcoin is money.

P.s. Your site is so horribly Laden with ads. This site is not the best for advertising, sig spammers don't read links btw.

as i know bitcoin is money in digital world , but only things it is not directly dependent economy of the country like fiat money, but in future i will believe bitcoin has more value it will be accepted as main currency :) 

After creating several managed and beautiful websites, this site is small part of Experiment

Money or No money

This is big Source of MONEY LAUNDERING

But it's happened a lot of changing perception in our environment, according to a rule about the definition of money, maybe bitcoin not having a requirement for that.
but bitcoin having a value like a money.

Bitcoin, as gold used to be in the past, is proof of work-based money. Maybe the judge in question needs to read up on his Austrian economists. :)

I don't feel inclined to follow the link for no other reason than it's a blogspot journal entry.  If there were a quote posted here, or even a link to a more reliable site such as Fox or CNN then I might be interested, but as the second poster has already alluded to, the site is no doubt full of banner adds, so it's probably just click bait.

Sources of the News is mentioned in the page

I support that. Bitcoin is technically not money. It doesn't have the basic characteristics of being a money as it is not backed by any tangible asset. It is backed only by public trust.

But bitcoin has an enormous value in the market. So if the judge said that bitcoin is not money, it may pave the way of free use of bitcoin in that state. But it does not impact any bitcoin user I guess. The trust of the public is rock solid. 

So sad how the western governments are afraid of cryptocurrencies. They probably know they can't stop us.

I thought these days even most countries fiat is not backed by gold anymore due to these countrys printing off more currency than they have reserves of gold in theiir safes, therefore most countrys money is notactually backed by anything other than trust that the bank will honour the agreement. I thought the same would go for bitcoin except that its backed by hashing power. I dont know if its good or bad that this judge say that bitcoin isnt a currency but i dont think her opinion really matters too much.

You are right. Modern fiat currencies are not backed by gold anymore and are instead backed by trust in the government.

For US dollars the gold standard was abandonded by Nixon in 1971.

For me i consider bitcoin as a money/currency cause you can purchase item using bitcoin you can pay bills in terms of bitcoin how will go transaction and getting paid if bitcoin is not a money?

I think this shows that bitcoin is still in its infancy which many refused to agree with the value. Hopefully in 10 years' time this will be changed.

That guy must have been ecstatic but I'm not sure this ruling is good for Bitcoin. That judge is literally saying go ahead guys you can launder your money peacefully now. Most Bitcoiners will probably be happy that they are free to use their Bitcoins are they please but personally I think this might be a small step backwards when it comes to integrating Bitcoin into society.

There are different sources for this:


source: http://www.miamiherald.com/news/local/crime/article91682102.html


source: http://fortune.com/2016/07/25/bitcoin-money-laundering-miami-judge/


source: http://www.coindesk.com/court-reject-bitcoin-money-florida-espinoza-trial/


source: http://www.bloomberg.com/news/articles/2016-07-25/florida-state-judge-rules-bitcoin-doesn-t-qualify-as-money

etc. pp

Which of those are filled with ads I cant tell, my adblocker/no java script combo works pretty well most of the time.

first they will Ignore and allow MONEY LAUNDERING

Then they will built a Case against BITCOIN and strict exchange rules

There already is strict rules in place for American exchanges,  new York got fucked over some time ago for exchanges and coinbase wants to know what you had for dinner last night.

Bitcoin is money and it doesn`t matter what a florida judge thinks about that.

By the way,put some text in your thread OP,not just a link. ;D

It looks like you are only promoting a blogspot with ads.

I didn't visit your site because I know what you're up to but what a Florida judge says on btc matters not. I doubt it will even set precendent in Florida once the feds push their agenda.

yes bitcoin can not be said as money but it has a value and we can exchange it with any country's currency as this asset is very valuable even from gold because we can transfer bitcoins without being afraid of theivs or other problems

Bitcoin is money in fact, because easily we can make deals and trades with this currency and also we can exchange it into fiat without any issues, so i don't see real difference between Bitcoin and other currencies.

If that is indeed true, then the bitcoin is an investment that can generate a very large money in the future, such as gold. So it doesn't matter if the news was true, and I am very happy to hear the news, because I get more indictable bitcoin as extraordinary things

Yeah nobody really gives a damn what some random Judge from Florida thinks, if we go to the moon one day he'll be wishing he had bought some bitcoin when he first heard about it.

money is a thing we use to buy another things which we all in agreement to use this thing as an exchange tool, and of course it is worth, so if people agree to exchange stuff with bitcoin and because it has something that makes it worth, then we can call it money. imo

Bitcoin has all the features that a money should have.We can buy almost anythings with bitcoin now it also has a price in USD or any other currency.
We can also exchange it into fiat and then it becomes normal money of the same value.So why bitcoin is not a money,bitcoin is also a type of money i would say and it is a highly valuable money i would say.

ok people

"money" is the term for that central bank stuff with a £$ sign..

"currency" can be anything. even your wife uses sex as her currency to get something nice for valentines day. prisoners use cigarettes as currency.. currency can be anything and everything including money, assets and items of value. currency is an umbrella term

money is not an umbrella term. money is just money.

bitcoin is not money, but is a currency.

bitcoin is infact an asset currency, where asset means something someone owns that has value.. such as a product or goods. so bitcoin is in laymens terms a "digital goods" or a digital asset.

in my country also stated that the judge saying the same thing as in florida. Bitcoin currency was not genuine, but the circulation of bitcoin in my country every day faster spread. so one day my country will probably make currency bitcoin as a second currency after the rupiah in my country :)

Well I personally don't care what a Florida judge decides because I don't live in the states and any judiciary decisions there won't affect me.

Maybe this is a good thing, maybe it is a bad thing, but it will likely delay the taxation of bitcoin in the states for a little while yet.

Actually, in most "developed" countries, ie. the ones that have a central bank, their fiat money isn't backed by gold, silver, or anything tangible either. It is backed by debt and the promise of the citizens' labor. In that regard, the less governments consider bitcoin as money, the better off anyone who uses bitcoin is.

Also, you're right about his ads. Even using NoScript, AdBlock Plus and Ghostery. I saw more ads than I expected, Not someplace I'd want to stay long.

I don't think bitcoin is money, but it is more to gold on Internet and bitcoin be made by mining and we know amount all of them. But money be made by printer and we don't know amount all of them every be printed.

The stupid thing is that it is Florida that just judged the Cryptsy case and determined that people has been stolen from and were due compensation.  I thought it was funny because a Florida senator two years back stated that Florida would never exchange FIAT to Crypto and would never use Crypto.  Now, after Cryptsy, Florida has to either pay those people back in BTC(using Crypto) or in FIAT(trading BTC for Crypto) to pay out the case.

I would consider bitcoin more as a store of value, if it isn't money. As long as it possesses value, I would still use bitcoin and hold some for investment. People are still not that aware of what bitcoin can offer, hence, the lack of knowledge of how to use it and what it really is.

according to merriam webster's dictionary, money is

let's see, we can buy stuff by bitcoin, we can offer services paid by bitcoin, and we can do some jobs paid by bitcoin. so according to the dictionary, bitcoin is money.

I think the closest mode that it can be compared to right now is a commodity, like corn or pork bellies.  It is a traded entity that has a value that varies over time.  Not a stock, that is a portion of another whole, but a single unit commodity.

Well for me everything that can be exchange or used to buy something is money. I believe that Bitcoin is money because what i can do with money is i can do also in Bitcoin. I can transfer Bitcoin to someone, i can buy goods with Bitcoin, I can pay my bills with Bitcoin, I can gamble with Bitcoin. The difference in the two only is the Bitcoin is not yet well known by every citizen of every country so the way to use it is not wide like using money.

For us here in bitcointalk, bitcoin is money and we sure can buy stuff through it.
for the offline people who don't even know anything about bitcoin, it could even look like just a trash to them. For someone who would rather do thing in the real world, bitcoin is nothing even if its worth 1K.

I am agree. Government can't control bitcoin and exactly cause of that they are trying to make their best to destroy bitcoin as the currency. Many well known professional economists were saying that bitcoin is not currency and predicted price for 1btc as 10$ in 2015. Was it like that? No. Bitcoin is developing and more and more places accept it as payment. I think just few time left to government give up and admit bitcoin as the currency.

I think the whole USA with all it's states have a bit of a multiple personality disorder. You will travel from one state to the next, and the direct opposite of what is legal in the one state, will not be legal in the next. I think people from other countries will be confused, when they visit America. Most states seem to define Bitcoin as a commodity, and not a currency at the moment. ^hmmmm^