Bitcoin Forum

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.

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.

Are you the same person who made the following thread?
What is the algorithm money?
https://bitcointalk.org/index.php?topic=2834664.0

Because you obviously made:
What is Electronic Money?
https://bitcointalk.org/index.php?topic=2834630.0

It certainly looks like you're leveling by making similar threads with your main and your alts.

To compare:
Name:   myson2009
Date Registered:   11 January 2018, 06:16:34

Name:   goodpeople222
Date Registered:   11 January 2018, 06:14:41

Stop making useless threads and spamming mr. sock puppet.

Virtual money is almost the same as ordinary paper dollars. But they are in digital form. So much more convenient, because you do not have to wear large sums with you.

Hey, at least they added the new merit system so people like this won't be able to go up in their profile rank at all. it is pretty trash to see the massive influx of even worse posts when the merit system was probably going to reduce the quantity of this garbage, but it's far funnier when people haven't caught on to the fact that it's changed and they're going to be stuck with a newbie account forever, provided they don't make any posts of value on this account. The longer they do that for the better imo. It'll stay as spam but the fewer people shitting up the service forum and farming a billion accounts the better. We just have to tackle everyone one by one.

Virtual currency refers to non-real currency, the popular digital currency, bitcoin, Litecoin, Fuyuan currency. Bitcoin is a kind of electronic money generated by open source P2P software. Some people translate Bitcoin as "Bitkin", which is a kind of network virtual currency. Mainly used for Internet financial investment, but also as a new currency can be used directly in life. Fuyuan currency is the jewelry industry's commercial application points system, is an innovative digital currency encryption.

Banknotes are inherently worthless. Instead, countries give the value of paper currency. Similarly, bitcoin is a cryptographic currency that people value, except that it is in the form of digitally encrypted currency. I think Bitcoin is no different from paper money, the only difference is whether a country can accept Bitcoin legitimately.

virtual currency is different from cash currency, not visible but has value, so it can only transact using internet network. although it has a lot but not difficult, because it is stored in a virtual wallet. so easy to carry anywhere.
if anything assuming  about virtual money, certainly a virtual currency comes to ease our life.

I feel like virtual money is significantly different from crypto currency. Mainly, crypto is usually anoymous and decentralized.

Virtual money, for me, refers to just any form of payments that's done online. I think venmo and PayPal are modes of operating virtual money, so as you can tell, in my definitions, it's pretty clear what the differences are.

In this sense, virtual money has been around for a while, and crypto currency is just a piece of that virtual money pie.

I would have to agree with you on your definition of a virtual money and how it is distinctly different from Cryptocurrency. I believe that people have used the Virtual money system way back during the inception of Online payments/transactions system.  Cryptocurrency, on the otherhand, is just as you said; a part of this Virtual Money System with the added decentralized/anonymous feature.

I think the virtual currency is the electronic currency on the Internet, encrypted currency can be said to be a category of virtual currency, but the encrypted currency is more secure than those used in the game. It is encrypted and the transaction is more secure.

Virtual money is a digital money  that is used and accepted in virtual community. Like the word "virtual" is not physically existing so  virtual money is not physically a money but it can be used.

Your right! Virtual money is digital and not physically existing money but some people who usually have this money can make a payment through it, can use anytime and also can be accepted like the real money as payment.

I think virtual money is a digital currently or what we call cryptocurrency like bitcoins and some other coins. Like in bitcoin it is being controlled by the developer and not by the bank and has it's own founder. I hope this information helps.

I have researched that Virtual Money can be defined as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific (virtual) community. Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking authority. Virtual money originally only referred to the currencies that did not live in the real world and were only exchanged online (typically in gaming systems). In a later phase, virtual currencies started to expand to the physical world and blurred the line between virtual and digital money.

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.

But on the other hand, if you understand, not so many new topics appear for discussion. Conducted similar topics consider this issue a little differently. Therefore, I see no reason for such harsh criticism. Discussing the same question how good bitcoin from different sides is also boring. Moreover, in the section when discussing bitcoin, I have not yet encountered such a topic. It can be in other sections, in which the forum user can and do not go. Therefore, I do not see anything wrong with if the topics intersect with each other.

I really don't know what kind of language this is but Please don't use this kind of language here, this is an English thread. Go to the local board if you wanted to speak your language thanks.

a virtual currency that can be used to transact online, which is clearly not like the physical currency issued by a bank and not the currency of a country. The shape of this currency is just a file like common files. The file is an encryption of the codes that make it not equal to each other.

the virtual money like to bitcoin will make effect on business to virutal money.the digital currency of world market related to virtual money system.the bitcoin relating to virtual wallets of sign to transaction.providing know as bitcoin market virtual currencies to systematically process.the digital money which issued and useually accepting of virtual community

The network virtual currency can be divided into three kinds!

The first is the familiar game currency.

The second category is a dedicated currency issued by portal or instant messaging service providers to purchase services within the site.

The third kind of virtual currency on the Internet, such as bitcoin (BTC), the monetary (FTC) Wright currency (LTC), etc.

virtual currency is a digitally-built currency, the entire system is based on chain blocks or blockchain. Starting from the issuance, the way transactions and records are all recorded in the blockchain decentralization network. So everyone can run this block chain server.

In my opinion, bitcoin is non-existent money, it is not physical, it should exist on the Internet and it is an electronic money. But if it is cut off by power failure, it is very difficult to trade. This is also a drawback, so we still have Need to have a national recognition of the presence of banknotes read your explanation, I think I have a more in-depth understanding of the virtual currency, thank you.

This type of currency has been known for a long time in the form of customer incentive programs or loyalty programs.A lot of confusion exists around the terms virtual money and digital money. When we are talking about digital money, this concerns the categories M2 and M3 of the financial system (M1 are the physical notes and coins in circulation). Worldwide, more than 95% of the currencies is digital. Virtual money originally only referred to the currencies that did not live in the real world and were only exchanged online (typically in gaming systems). In a later phase, virtual currencies started to expand to the physical world and blurred the line between virtual and digital money.

Virtual currencies on the Internet, such as BTC and LTC, are electronic money generated by open source P2P software. Some people translate bitcoin as "bitkin" Network virtual currency. Mainly used for Internet financial investment, but also as a new currency can be used directly in life.

Virtual money/currencies are those assets that you cannot hold physically but you can spend freely online.Its just a web base/internet base type of financial spending and status.It acts same as the real fiat currency we are holding right now but just in different type and platform

Virtual money is a digital asset that you can manage (such as investing, trading, etc)
You think bitcoin is unmanageable? Then what do the investors bought for, if their bitcoin unmanageable.

It's not about the relevance of the topics but about him leveling sock puppets by starting similar threads at the same time. Don't you see anything wrong with making a new account, starting a thread, making another account, starting a similar thread, and so on? I know that alts are allowed but what he's doing is called farming. And he knows it well because he didn't log back in after being exposed.

Yes bitcoin and all its altcoin can be consider as the virtual currency. In fact in modern time the user of virtual currency is now increasing from time to time, because of the increasing interest of the people. I think that their interest will continue increasing for a long time.

Virtual Money can be defined as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific (virtual) community.
Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking authority

virtual money has the same functions and benefits as other currencies, can is used for transactions and more. but the difference is this virtual money is often also called digital money, and bitcoin is one of the virtual money / digital money that is famous today so that now bitcoin become one of the digital currencies that are in great demand by the public in this world

Virtual money is the imaginary or digital currency which dpes not exist in actual but have their values in electronic media or online values. These type of money are considered to be future currencies which does not exist in any form of paper,coin etc.

In my opinion there are a difference between Virtual money and Crypto currencies. Virtual money can be in-game tokens or

some counter party token. It can be electronic food stamps or vouchers. Once Cryptographic algorithms is involved, it should

be labelled as Crypto currencies. {If it is not Bitcoin, then it is a Alt coin} The difference is very important, because not all

digital "money" is the same.  ;)

uh oh,. i smell trouble. ..

but seriously though, why the hell would you even do this op? i mean, if you are gonna have an alt, at least make every alt like your main account. or at least don't be so obvious that you only are after post counts. although it is allowed to have alts here in the forum, it would be pretty nice if you put effort in every alt that you own and not just make the same thoughts on the posts of both alts. doing something like this is really bad for the forum because it obviously blocks out some better topics.  i hope this will be an eye opener for ya. try to look at the meta section and read back a lot. might give you some healthy fear. don't wait for the worse to happen op, change while you can.

---

great job noticing man, you deserve a merit.

Will ,in my simple definition of virtual money it is a digital currrency that no physical appearance,and compose of million integral numbers,that cannot seen or  touch by a person or in other word its is transparency.virtual money compose of bitcoin and altcoin in the world of cryptocurrency it is run through the block chain market with the help of internet technology,with decentralized processing through its own method and properties.

Based on my research, Virtual money is also known as virtual currency that is unregulated digital money which is being controlled and supplied by it's developers. It is being used and accepted among the fellow members of a particular virtual community. It is also a digital representation of value that is electronically transferred and stored.

Is virtual money the same as digital money?
A lot of confusion exists around the terms virtual money and digital money. When we are talking about digital money, this concerns the categories M2 and M3 of the financial system (M1 are the physical notes and coins in circulation). Worldwide, more than 95% of the currencies is digital. Virtual money originally only referred to the currencies that did not live in the real world and were only exchanged online (typically in gaming systems). In a later phase, virtual currencies started to expand to the physical world and blurred the line between virtual and digital money.

Virtual Money can be defined as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific (virtual) community. Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking authority. In this article, Sia Partners explains why “Virtual Money” could become really important, which are the main products and players in the market today and what are their main characteristics, risks and advantages. We also explain key concepts related to Virtual Money, such as “Mining” and “Blockchain”.

Virtual money from the word itself these are moneys that can only be seen inside your cellphone or computer. You cannot hold it physically because as i say it is only store inside your virtual wallet.But the advantage of it is you can use it to buy or to pay for your bills like a ussual money.

virtual money is a money, that you can save it physically.
It is virtually, means you dont have its physic.

to my knowledge Virtual Money is money used to redeem / replace an item online. To have virtual money a person must have a virtual account that functions as a normal account if we save in a local bank. ;)

Virtual currency refers to non-real currency. Bitcoin is now a hubbub of speculation. Bitcoin has been accepted by some online merchants and traditional retailers. Due to the hot bitcoin, virtual currency is gradually becoming a hot topic.

    Virtual money is a type of digital currency or digital representation of value,which changeable but untoucheable. It is different in regular money,because virtual money is not issued by a central bank or other banking authority.

Fundamentally no currency in this world as its intrinsic value as only government are providing some value to their currency. So, the do not need to confuse about virtual money based on how the currency is getting its value.

I mean to say it virtual money can be defined a money which is not having any physical form but having all the properties of traditional money. A virtual money can be an electronic money and it must be having all the buying power of what is a physical money is having.

This definition may differ for persons. But, a virtual money must be used to for all the purposes what a traditional money is meant for. Otherwise there will be no point of calling it a money.

Virtual money is money that can not be touched but only be seen virtually.

We could say that virtual money is a digital representation of money and currency used as a medium of exchange in virtual worlds such as gaming and etc.Moreover,it's an intagible material and it's somehow related to crypto since it's unregulated and usually controlled by the developers who made for a specific virtual users.Also,Virtual money has many variation depending on the company or developers who invented it since it's also a marketing strategy for those company in order for them to earned extra income by selling online products and services.

When someone say virtual we thought this is only available in online. This is really surprise that we have a virtual money which is valuable and make more from this. Biggest opportunity is that we can use use it whole world except some country. I hope one day all country will be permit this currency one day.virtual mean that don't need to put money on your pocket or parts. Wherever you are use it from online.

Virtual currency is used as a token of the digital transaction medium, which is actually equivalent to the value of real money, but different from the real-money currency.

Yes virtual money is true that it is not manageable and a non-currency. virtual money or also know as cryptocurrency is different from the money that we holding. the advantages of cryptocurrency is you can earn and gain it easily rather that the real money. cryptocurrency is not really different from credit card.

Virtual money is a digital currency which based on blockchain system. It is different from other currency, not visible but has value. Virtual currency is very good for transactions in the electronic field. It takes short time, low fee and very safe.

Virtual currency (and Bitcoin was a pioneer) is the coolest stuff to make fast and very safe anonymous transactions. This video is not the new one, but it will give you answer on this question: https://www.youtube.com/watch?v=SmExLsqQYEw

Virtual money - such as bitkoyn, have a strong impact on business and many areas of life, primarily by creating a new type of investment in various fields of science and technology. They contribute to the creation of new projects, the implementation of various platforms ...
Of course, their direct influence on different currencies is also traced ...

I read the whole of this thread, and I am amazed that only one post came close to pointing out that fiat bank deposits are virtual money, They have no asset backing, and pretty worthless guarantees. They only exist because people are prepared to accept ledger transfers in exchange for goods.

Virtual money goes on as internet money, but I do not know much about what it is, but I think we can use it when we use the internet, that is.

Virtual money is as precious as real ones, located, say, in Bank accounts or in the wallet of the buyer. This kind of money has a distinct advantage, as it enables to have a number of functions, not applicable to ' real money. Electronic money created in such a way that they are, in fact, counterfeiting is not possible, since they have encrypted digital format.

Virtual Currency, also known as virtual money, is a type of unregulated, digital money, which is issued and usually controlled by its developers (Bitcoin is an exception), and used and accepted among the members of a specific virtual community. Dollars are physical moner or paper money.

Virtual currency is a digital currency that can be used as a medium for digital transactions, just as in reality money is exchanged for material equivalence.

Virtual currencies generally include game currency and digital currency. Q coins, bitcoin, Ruitai coins, Litecoin, dog coins, vitality coins, ether, Ruibo currency are virtual currency.

in my opinion that Virtual Money is the money that we used to redeem / replace a certain item or property with a certain value online. To have virtual money a person must have a virtual account that functions as a normal account if we save in a local bank. ;D

This is the definition of cryptocurrency I quoted from oxford dictionary

The concept of cryptocurrency is essentially on encryption and decentralized techniques. In its development, this concept is growing with additional facilities in the form of ease of transactions and effectiveness as a digital asset.

Virtual money is a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific (virtual) community. Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking authority.
 example virtual money is bitcoin

They can be used as a form of payment if another person is willing to accept them, they are not legal tender. The value of virtual currency can fluctuate significantly, they may not be accepted in many places and they are not guaranteed by any bank or government. Virtual currencies are kept in a digital wallet and the exchange platforms on which you buy and sell virtual currencies are generally not regulated, which means that if the platform fails or is hacked, you are not protected and have no statutory recourse.

Yeah! all your though is correct that virtual money are used in different ways in digital concept including the mode of payment in digital transaction. Nowadays virtual money have a big role in digital world because transaction using it in digital community is making faster and easy. Also most of people now are using internet and almost of them transaction are made in digital or in online. Through virtual money the transaction made through online is easy and the payment is fast and no hazel.

As a whole, the concept of virtual money is giving guarantee the people in fastest and easy way of access and transaction  in online or digital world.

Virtual currency is a type digital money, which is usually controlled by programmer. This currency is used by some organization or community in the virtual world. This is also used in business,buy products & booking. It is also free from government taxes.

Virtual monies are crypto currencies. They are digital monies only used in the digital environment. They have value more often than not as the values of these cryptocurrencies are given in dollar. It increases in circulation when they are mined. It's price is usually affected by demand and supply

Virtual money is a form of money but it is just digital so it means that you need to access it through the internet and in that way you can use or get some of it. Virtual money is one of the new type of technology that we are dealing with and that is the cryptocurrencies that the people are buying and holding because just like them, i believed in this technology.

Virtual currencies are online currency or digital currency and decentralized currency, such as BTC and LTC, ETH.and it is created by the electronic system  that is the arithmetic system. which is transaction by the online.it is Mainly used for internet financial.and it is used blockchain technology p2p.

Based on the name ''Virtual'' that's mean doesn't have physical, this same with our currency in real life but virtual currency doesn't have any attributes. This currency based on Blockchain technology, you can use this for your payment menthod that's seem like buy online item, money tranfers and etc.

As name implies, virtual or a digital money which is not existed in actual or in physical form and it is controlled/regulated by developers and programmers.

Virtual Money is nothing but a digital portrayal of value that is managed by the developers and used by distinct territory. Virtual Money is an example of digital currency; virtual money is produced by mining, blockchain.

Virtual Money is the one we encountering right now. It is not seen because it uses electonics and devices for us to monitor are holdings. You need alway store your password on a safest place so noone will stole your money.

virtual currency is a currency that does not have physical as well as not visible shape. but many people are interested because this currency has more value as seen this currency is very practical and also has a high price ...

Virtual currency refers to the Internet above a kind of virtual money out. Unlike virtual checks and wire transfers, the value of virtual currency can not be realized through bank transfer. Currently, it can only circulate in the online world. The virtual currency is released by various network agencies and does not form a uniform standard for distribution and management.

Virtual money is like any other money in paper form, or even a token in arcade games, only that virtual is in digital form. Similar to your debit cards, but different in many ways.
One of the advantages of digital currency is it is more convenient and transactions are fast. Like you can send many hundreds of thousands of dollars to other parts of the world in just a click!

Virtual money is your money in a digital form.
It is a digital asset for me. very convenience

Virtual money is a kind of currency which you can buy anything in virtual world. Compared to our regular money this currency can buy through different country. Also government can claim tax on it.

Virtual money is a type of digital money unregulated, it is also representation the value issued and control by its developers. It is accepted among the members of specific community. The european bank defined that virtual money is a digital.

The virtual currency is the currency used in online transactions. True, that the virtual currency can not be affected. I am one of the users of virtual currency, because I like instant and fast things in a transaction. So, I use virtual money.

Virtual money is a value that is issued and controlled by its developers, and used and accepted among the members of a specific community.Type of unregulated, digital money.The european bank defined that virtual money is a digital.Virtual money is very modern now,I think it's because of the cryptocurrency in all over the world.You can have your fast transactions using this virtual money.

Fictitious currency transactions are conveniently located in the real currency, and their operation is convenient and does not require too much verification. Taking into account the exchange rate problem can leave us with unnecessary troubles.

Virtual money is money that is not visible or not real shape. But can be used for various transactions. One of the virtual money is bitcoin. This system uses virtual money denominated in coins. And the coin is worth as it has been specified by the developer or virtual money maker this virtual can be used for transactions only in certain environments only. And do not have attributes such as fiat money

Virtual Money can be characterized as a computerized portrayal of significant worth that is issued and controlled by its engineers, and utilized and acknowledged among the individuals from a particular (virtual) group. Not at all like normal cash, it is depending on an arrangement of trust and not issued by a national bank or other managing an account specialist

 Virtual currencies such as bitcoin are neither good nor bad by themselves, but depend on the use made of them. Its boom and growth are accompanied by fraud and cybercrime, as with the physical currency.

Virtual money is something that can not be touched. But still they can be translated into real. Otherwise they would not be called money

For me the virtual money is almost the same as a normal paper dolat. They are in digital form but it is much more convenient because you do not need to use large quantities with you. 8)

virtual money is a also types of ditital currency... and also like bitcoin

interesting, and understandable) thanks for the interpretation

Virtual money is a type of unregulated, digital money which is only used and accepted among the members of a specific virtual community.

In general, virtual currency is way too far from our traditional money. Whatever happens what we need to know is that it runs by the use of technology and without these applications everything was useless. To understand its difference from our traditional money I suggest to visit this site about

10 things to know about virtual currency Bitcoin

https://m.hindustantimes.com/business/10-things-to-know-about-virtual-currency-bitcoin/story-gB2imQAXcUPIegGlCGslQI.html

By these time it's making noise to our society and influence almost all of us even the big companies in the world but how these new trend become a massive energy hog?

Visit this link to know more about and share knowledge to our fellow crypto users.

https://www.pri.org/stories/2018-02-04/bitcoin-virtual-currency-has-become-massive-energy-hog?amp

Virtual money is money without physical form - electronically recorded, moved, and stored. Since the 1960s most money has been stored in computers. Coin and currency vaults hold a small fraction of a bank's assets. Computer records and transaction flows are most of the money in the country (and most countries). Today, check images are captured and moved at the speed of light from depositing customers, to their banks as virtual deposits, cleared to the banks they are written on, credits and debits moved to record activity.The physical checks no longer need to be moved.............

In my understanding in my research about what is virtual money vs.the regular money and what is their differences. Virtual Money can be defined as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific community. Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking

virtual currency as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community". ...
In particular, virtual currency does not have legal tender status in any jurisdiction.

Virtual money is like bitcoin. You can't hold it physically but you can used to spend online, you can used to pay your bills. And also you can used for trading.

What is virtual money? Credit cards, debit cards are not virtual money either? You use the money you do not have in your hand as you like. Think of this logic in the bitcoin market.

 8) 8) 8) 8) 8) 8) 8) 8) 8) 8)

I think virtual money is one of the currencies used in the internet world but can still be converted into real money in the real world. examples of this virtual money like bitcoin and so on

For me Virtual Money can be defined as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific community.  They are in digital form but it is much more convenient because you do not need to use large quantities with you. That's my knowledge about virtual money.

Virtual money or Electronic Currency for some is a currency used and is created with the help of computers. They are just like cryptocurrencies like bitcoin except that they are localized and is centralized. Moreover, Virtual money is widely accepted and is ubiquitious tgey are accessed using an ATM, provided that you have a Credit card with you and you have your pin rembered or recorded. MElectronic Money unlike bitcoin does not provide anonymity and is taxable. And since it is localized it couldn't be used for the same purpose as bitcoin and other cryptocurrencies

A lot of confusion exists around the terms virtual money and digital money. when we are talking about digital money. this concerns the categories M2 and M3 of the financial system (M1 are physical notes and coins in circulation). worldwide, more than 95% of thr currencies is digital. virtual money originally only referred to the currencies that did not live in the real world and were only exchanged online (typically in gaming system). in later phase, virtual currencies started to expand to the physical world and blurred the line between virtual and digital money.

Virtual money and fiat paper money is same value.but virtual money is not touch by hand but a digit.on the other hand fiat paper money is easily carrying by hand or bitcase.

Virtual currency (also known as digital currency or cryptocurrency) is an electronic currency that acts as an alternative currency that is neither government-funded nor backed by national currency.

As I believe, if not to say in simple words, then virtual money is not material, but as a spiritual world, you only materially push - send or transfer or withdraw some amount of money. More money on the wallet - more we are spiritually enriched

Virtual money is a good concept to reduce corruption and to increase economic growth and it is also very useful to reduce carrying money and give protection from thief so my opinion is virtual money is one of the good way to grow up .

Virtual currencies like Bitcoin are all systems that are based on chain blocks or blocks. So from publishing, how transactions and records are all recorded in a decentralized blockhain network. So everyone can run this block chain server, the advantage of using virtual money is to reduce the risk when transacting online will not be easy to steal.

Virtual money are those currencies that cannot be touch (intangible), cannot be seen, but the presence is there. Can be used in online transaction such as online shopping and other transactions. Virtual is term near about electronic and it is controlled by ledger. It is widely use by the people since it is easy to access with it rather than the real money that we have. This virtual money can be transfer to others, and can be exchange to other cryptocurrencies.

The term 'Virtual currency' refers to some currencies that has no real occurence and can be felt or seen. They are only encrypted as set of data and so called

Virtual cash is something that causes exchange of goods or works as assets to change the world economy without affecting the market economy directly.

Virtual money,in the other terms is that we called the digital currency,and its an imaginary  things that we cannot seen and touch,its a transparent  and run through by an internet connection and sometimes we called it cryptocurrency.

Bitcoins is a virtual money just like credit cards and that is the number one reason why cryptocurrency is very useful, since it has a very fast transaction, the value of the coins you are holding is also increasing as the time goes by.

Virtual money also known as virtual currency is a type of unregulated thing like digital money and the developers usually controlled it. Its very helpful because this is the way to make done quickly and easily conduct transactions.

Virtual money can be defined as digital representation of value that is issued and controlled by its developer.  An internet money, Virtual money is not physically exists.

Simply virtual currencies are the cart to downfall palace. Invest it and you will loss even what you earned by hard days work.

Virtual money is 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. virtual money has no valid intrinsic value to use as a price submission.

Virtual money is a digital representation of value that is issued and controlled by its developers and it not issued by the central bank whereas money is a negotiable instruments.

I think virtual mony meanings are meant to be digital coins. Because these coins are in reality no existence. We can only see the existence of online. For example, Bitcoin and other currencies. But these currencies govern the developers. It is not managed by the bank, but its conclusions We have the ownership. We can rely on this currency, because its popularity is increasing day by day

virtual money does not have a physical form like the currency issued by the banker. But I think virtual currency has an advantage where it is more practical and support the progress of the times.

Virtual currency has no physical base and investment in it is a blindfold act. It has o calculation of prices and they fluctuate based on the people that are j

The virtual money can be defined as a digital representation of the value that is issued and controlled by the members of a specific virtual community unlike regular money it is relying on a system of trust and not issued by a central bank or other banking authority

Virtual currencies consist of coins/currencies within a virtual world or virtual game such as World of Warcraft,Maplestory,Runescape,and many other online games.These virtual currencies all have fluctuating value just like any market,as there are always buyers and sellers (supply and demand.

Bitcoins are decentralized, that is, there is no single e-currency center, which can be used completely anonymously through secure Internet protocols.

Virtual money is our future. It is already close. And it's very strange to see that many people deny this money. They are not dangerous.

They may not be dangerous. But  dangerous it's for what they are used for. They were created for good, but used in illegal operations.

I understand it. But there are many positive sides. Do not forget about this. Many advantages from their use. This is a new stage of the world economy. It is time to begin to regulate this process to the states.

States want to start controlling this money. But they do not know how. There are no examples, no cases, no analogues. No one knows how to control this. It's time to pass a law on the Internet all over the world.

China has already started trying to regulate this issue. Closes the Internet access to its citizens. He does not allow them into the World Wide Web. It prohibits the use of crypto-currencies. I think that it violates human rights.

such virtual currency system based on the entire chain of Bitcoin blocks or blockchain, so that starting from the publication, the way the transaction as well as the recording of all decentralized networks listed on blockchain. So everyone can run servers block chain. any society can run Bitcoin server and any connected servers around the world.

Virtual money is currency system based online where everyone can use or make an transaction through internet. 
It does not have a physical form like the currency issued by the banker. But I think virtual currency has an advantage where it is more practical and support everyone from their needs. Using virtual money is risky for example when you are investing make sure to alert in every changes that come in virrual money be more agressive on the latest exchanges because it will help you a lot.

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.

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

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

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.

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.

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.

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.

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.

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.

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.

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.

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".

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.

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.

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

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".

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.

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.

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.

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

Virtual or Digital Money for some, is a type of currency that does not exist in the real world but instead is on a digital platform like the internet. Cryptocurrencies like bitcoin is a type of virtual money. Because obviously it is made and is used in the internet. Virtual money exists in different platforms therefore.

Vitrual money is intangible currency has a value which can not be touched physically. Virtual money is digital currency or electronic money such as Bitcoin. Virtual money payments that can be used online. Virtual money are kept in a digital wallet and can be used to pay for actual goods and services from any person willing to accept them as payment.

Virtual money has a different value. Their value are changing all the time. They have no form like dollar and euros. Some of they have authority and some of them has nothing.

virtual money is a money that stored in virtual. For example your bank balance. that is virtual money
but bitcoin is a cryptocurrency, bitcoin is the first, and altcoins is a coins that come after bitcoin.

Virtual currency could be easily defined as the money that is not having any sort of physical presence and yet has same value as the paper money. It is kept in various forms such as in bank accounts protected by security codes or in the form of plastic money. But in comparison to the paper money, it is not safe enough because it is more vulnerable to the process of hacking.

Well, the point is that all money is in fact virtual, one way or another. Perhaps we should start to setup hierarchies of virtuality to establish which money is less real than others. :)

I agree this virtual currency is very helpful for its users. Because the users can be facilitated in terms of transactions. Transactions with virtual currency are very practical, easy, cheap and can be done anytime and anywhere without going through a third party. I hope this virtual currency is always there anytime.

Bitcoin and altcoins are virtual money. Unlike physical money they can be sent electronically which means it will be easier to transact with others. Money transferred through banks electronically are also considered virtual money. The fees in the banks are higher compared to digital currencies.

Correct, virtual money is a currency in which it is valid for any transaction will do. The currency that can be change into money and it will do any business transaction like through online buying. Aside from that you can buy load and paying bills. In virtual currency is a gold money for me because it is very precious. Although it is digital money but it is easy way to do transact.

 According to my opinion:-
Virtual Money is known as Virtual Currency.
In this virtual currency we doesn't have legal tender status in any jurisdiction. It's accepted by natural and legal persons as a means of payment and can be transferred stored or traded electronically.   

virtual currency as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community". ... In particular, virtual currency does not have legal tender status in any jurisdiction.

Virtual money known as  In 2012, the European Central Bank defined virtual currency as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community".

Virtual currency is the electronic currency of non-fiat money, issued by its developers and generally managed by it. Such virtual currencies are largely confined to certain virtual environments. Digital money can be used to trade real goods and services, but only the digital currency issued by the state is the legal digital currency.

Virtual money is money that you see the number that shows up on the screen.
Like perfect money, webmoney,... Bitcoin is a virtual money.

virtual money is a money that is stored in virtual wallet or account.
bitcoin is one of the example.

Same as that we have fiat in hands, virtual money can't be held in hands. It is upon trust, who doesn't believe in virtual presence can't use virtual money. Another thing is that fiat is backed by commodities, whereas virtual money is completely dependent on technology which makes it different from common fiat.

Virtual money is simply money in digital form. Just like the ones in your credit cards. It also has value, a virtual wallet is also used to store it.

Virtual Money can be defined as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific (virtual) community. Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking authority.

This is any amount or accumulation that are in a complex unit of a sister and can safely be stored for a long time. In general, it is convenient and everything on the phone screen can be viewed.

true innovation and advancement of digital technology that can not be dammed and increasingly affect the lives of modern humans

virtual money is a digital money and one of the digital money is bitcoin. Transaction will be made through peer to peer using internet and wallets of everu person it is somewhat like banking but what make it different is the privacy of the person while doing transaction will remain anonymous not like banking they need to know evey details of your self.

Well for me... virtual money is another form of currency which is very different to the paper currency in which we are very much used to, virtual money is another form of currency in which it don't have any physical form but has a monetary value and you don't have to carry the actual paper bills with you.

virtual currency is a good new technology and useful for the transaction system in the future, so I see it can be used as a substitute for money that has been used as currency for payment.

Virtual economy is the dominant trend of global development in the 21st century! In the context of economic globalization and financial integration, Internet finance is already a dominant trend. The virtual currency refers to the informal currency.

Virtual money could be literally anything that you cannot physically see or hold, in ways FIAT currency is also virtual money as they were more promisory notes to pay the value upon redemption at a banking establishment. Right now we clasify crypto as virtual money but I thin you could also bundle credit cards in the same catergory.

Virtual moneys just the same of dollars or others kinds of moneys , its having a digit form. So its a large sums with birtual money is good because it came from virtue that having or giving moneys

In my own knowledge, virtual money is you can only use in online. By using pay bills, shopping, and other stuff that you can buy in online using virtual money.

Creation of virtual currencies is a huge milestone when it comes to financing.We accept that our future community will be relying on online stuffs and technology.So creating virtual money is a one step away move by us to adopt easily on coming future

Virtual money is something that can not be touched. But still they can be translated into real. Virtual money it is bitcoin, ethereum and others. Maybe virtual money is our future!

the virtual money based on what I know can refer to it as a digital representation of the value of the issue. this newspaper here explains why virtual money can be really valuable and what their basic features and advantages are also included this is called mining or blockchain.:)

Virtual money with paper dollar/digital dollar is very different, virtual money system is based on blockchain while paper dollar / digital has a central server. really what you say that virtual money is more likely to be unregulated and not legal. but the interesting thing is that the government can not make their own virtual currency? because you mentioned that virtual money has no legal tender and is unregulated? I think the example of the virtual currency is bitcoin itself.

from my opinion, virtual money is a money that stored in a virtual way, doesn't have a physical form.
but bitcoin is more that just virtual money. bitcoin is an asset that you can used for various things.

Virtual money is also known as the digital or crypto currency. This money is electronic modified and can be stored in different wallet and can be exchange through exchange sites. The virtual money is the money of the future and it is slowly evolving the world. Many investors now are investing in the virtual money because of its potential to earn more profit.

Well, have you heard about Venezuela? Because we have literally virtual money... You say is use to buy games and related type of items but here our current situation is, we do not have cash so every transaction in managed by transfer, debit-credit card and so on... Cash has grown to be a urban legend

virtual money that is in the shape of money online but can be used to transact with a lot of people and the value it is high and there is such a low value is so high that bitcoin shaped virtual money.

Digital money it is a money that made in computer or it is digital. But it can be use as a payment or use as a real money in internet.

Cryptocurrency is a freak among currencies. It's not just money, it's moving, almost alive, almost intelligent, electrons, beams of electrons that we tokenized. If someone now, in 2018, all I want to say that Bitcoin is intangible, think about electrons. About the light rays, and even about electromagnetic waves. Because gold can not hide in the electron and light beams and waves, and travel through the planet at a speed of 100 Mbit/s And bitcoins you can do. And this is only one of the" wonders", which is sometimes so difficult to tell your friends and it sounds, to put it mildly, slightly absurd.

Virtual money is the same with digital money,  virtual money is used through the internet transactions and it is a currencies that only exchange online. It used by the representation of the value through online in order to  protect from the scammers . Same as concepts between blockchain and mining.

Virtual money is the digital or crypto currency or encrypted codes on computer which has a value, this type of currency is unregulated or no one controls over it but only the consumers who demand for it that is why is kinda against to it. Main example of it is the bitcoin which hit the cryptomarket and made an unexeptional increase in price. Digital currency is the innovation of the money we have right now as technology is improving.

Bitcoin is one of the most popular virtual currencies in the world.
The electronic money system is transacted on a central server, while virtual currencies such as Bitcoin are all based on block or blockchain systems.

"So from publishing, the way transactions and records are all recorded in the blockchain decentralized network.So everyone can run this block chain server

Bitcoin is one of the largest virtual currency market capitalization. In addition to bitcoin, there is also ethereum, ripple, bitcoin cash, cardano, NEM, litecoin, and so on.
In addition to non-existent authority, virtual currency also has no official administrator, no underlying asset underlying the price of virtual currency, as well as highly volatile trading values that are vulnerable to a number of risks.

The money could not be arranged, there is no physical form and is used in an electronic environment, and for now, has not been used for the transaction.

to my knowledge the virtual currency with the rest of the system is based on a chain of blocks or blockchain. So starting from the publication, the way the transaction as well as the recording of all decentralized networks listed on blockchain. So everyone can run servers block chain.

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.
The US dept. Of treasurypada 2013 states more emphatically that virtual money is a 'tool of exchange that operates like a currency in certain environments, but does not have any attributes as a real currency' '. The key is the virtual currency attribute has no definition as a legal tender status. My language, virtual money has no valid intrinsic value to use as a price submission

I think virtual currency is an invisible but high-value global currency that has a very easy way over the internet so that anyone can easily participate in a virtual currency or commonly called cryptocurency

Based on the European Central Bank virtual currency defined as "a type of unregulated, digital money, which is issued and usually controlled by its developers, and used and accepted among the members of a specific virtual community".In particular, virtual currency does not have legal tender status in any jurisdiction.

Also virtual currency is "a digital representation of value that is neither issued by a central bank or a public authority, nor necessarily attached to a fiat currency, but is accepted by natural or legal persons as a means of payment and can be transferred, stored or traded electronically".

Virtual currencies is only used in digital transaction. Also it is form of asset to the person who hold on it. Actually the virtual currency have a limited function as like I stated above it is only representation of value through encrypt formulation in digital transaction like stored and transferred.

Convertible Virtual Currency usually has a measurable value in real money, but what makes it convertible lies in its ability to be exchangeable. But not all virtual currency can be exchanged for legal tender though, therefore, not all virtual currency is convertible.

Virtual money is can be found in the internet. It is a real money with a real value but cannot be seen or touch.
Many people as of now use this because besides of being convenient to use, it has a higher value than to our traditional money that we are using.

Virtual money is a real money that occurs only in the internet. It is an intangible money that can be use in purchasing goods or making transactions. Central Bank is not involve in producing virtual money.

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

Virtual Money are not only cryptocurrencies but cryptocurrencies are virtual money.
The word Virtual means something that is not touchable something that can be seen but can not be touched, the opposite of this is the real money that can be touched (cash). Bitcoin is virtual, even though we can print the paper wallet but we can't say that look this is one bitcoin because it isn't it is a paper that contains some keys some information that should be used online (virtually) to spend those money.
The same thing is the money that we have in banks, they are actually real but they show us as virtual like digits, we make online purchases without giving/touching the real money.

it's a virtual money that's paid for the things you buy and it's also the most important people because this is the way people meet you. and this is what the nation recognizes as our money. Virtual currency, also known as virtual money, is a type of unregulated, digital money, which is issued and usually controlled by its developers (Bitcoin is an exception), and used and accepted among the members of a specific virtual community.

In my understanding of virtual money. I think it is backed-up by real money. Not by gold though. As you can see people buy virtual money before they can transact business online. When they have to use their virtual money in the real world they would trade it back with real money as well. So it is backed up by real money as I can see.

What I've noticed is that most of the questions posted has a similar query. If you read well enough in other posted topics you would already know the answer. My point is, there are lots of things you can ask  aside from which has been already answered.

I understand virtual money as a virtual currency (digital currency or cryptocurrency) is an electronic currency that acts as an alternative currency that is neither government-funded nor backed by national currency.

Yes the digital currency that we can only use online can be called as virtual currency, which do not have any physical existence, we can only use it through internet for shopping and different purposes, we can use it any time and from anywhere in the world, we can use virtual currency for trading investing and for shopping online in any country without converting it into fiat currency.

very well, virtual money is a money that stored in virtual form, no physical form like cash money.
your bank account is one of the example.
but bitcoin is more than just a virtual money. it is decentralized currency.

I think it is not necessary to ask such question here.There are search engine so why bother posting nonsense question here.Everyone must learn to discover things by themselves and not always rely on others.I admit i am still new to cryptography but i didn't ask for guide here,try to ask with more sense and not something common.This just makes other members to post answers that already been answered by other member.

I found this:

http://bigthink.com/hybrid-reality/future-of-money-classifying-virtual-currency-systems

https://www.inc.com/magazine/201702/zoe-henry/real-money-fake-things.html

The second one is easier to understand.

virtual currency such as Bitcoin base system based on chain block or blockchain.
"So from publishing, transaction and record keeping are all recorded in decentralized blockchain networks, so everyone can run this block chain server," he explained.

You are right, the virtual money or currency can be only find in the internet and it will not become possible to be in the physical world because it is called virtual means it is only digital and the best examples for that are the bitcoin, ethereum and litecoin, they are the virtual money but also a technology that will change the world in the future so embracing them and the other cryptocurrencies is a must.

I agree with you. Virtual money is unmanageable, there is no physical form and can only be used in an electronic environment. Virtual money is different from other currencies. And I think virtual money is very unique and valuable to me. But even so, I prefer my country's currency over virtual money.

his kind of money has an inescapable advantage, as it will allow them to develop a number of functions that do not take place against the "live" money.

In the first place - it's a very high place. To make the purchase of goods more convenient or to provide payment for any service may be with a masculine secret, but not at the expense of this large amount of money for commerce. This means that if you use an electronic payment system, which in the City is very large, and there are many hotels with every year.
In the second place - access. In the difference between banks, the systems of electronic payments work constantly, in an automatic mode, that is, without going out, alone, and on all the way out, which is very good for a financial client. To this, the same money can be implemented as inside the cov- erage, so also on the ee of the page. First of all, the populary system of the Russian-speaking group of the global community, may, without doubts, allocate WebMoney and Yandek.Dengi, it also does not have any other resources, which are not at all vyshekkazannym.
Thirdly - it's safe. Electronic money is created in such a way that they do not seem to be suggestive, as they have a digitized digital form. The environment of some people uses the idea that you can take the credit card system swiftly. This is an abolutely erroneous idea.

Virtual money primarily exist online.  It is a digital currency used when you have a transactions through the internet. Virtual money does not have a physical shape but it has value that we can use to purchase online.

Virtual is defined as having no basis 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.
https://steemit.com/bitcoin/@hendrasnd/apa-itu-uang-virtual (https://steemit.com/bitcoin/@hendrasnd/apa-itu-uang-virtual)

Basically, Virtual money is not touchable and has no physical shape. You can't see it but you can transact it anywhere you go with the help of internet system. I think the real money requires security when you go outside your hope but Virtual money doesn't need like this. I think that's the main difference between these two money criteria.
But Real money is still more popular because of the price stability, But Virtual money is becoming also popular around the world day by day for the purpose of payment and some specific sectors. that's why experts state that virtual money will dominate in the monetary world and it will be the common currency whole around the world in the future.

Yes, it is certainly no basis of physical reality but virtual still means near to reality as what virtual currency is. Virtual because we can't even touch them but still a currency that having value that can be used as a medium of exchange if it is converted into our local money, so generally for me virtual money is an electronics money that we cannot touch but still an important asset like of that real money.

It is the new generation of crypto currency worldwide, a digital currency that works without centralized bank or administration.

Since we are still in the post-industrial period, technologies were made and is enhanced as time goes by; as we engage deeper into our future that is foreseen as a technological future where everything is made out of technologies and everything is manipulated by machines/technologies. This virtual money emerged. Cryptocurrencies. These currencies are also used in buying things at the internet or even traded by the owner of it. As time goes by cryptocurrencies will be appreciated and be approved by the government because I don't think there's no place for physical money/paper money.

Virtual money for me is by definition currency that doesnt exist in the physical world... yet. Virtual money is the currency that you are using to transact online or in the virtual world. The digital currency is the one that is being held accountable when it comes to using the virtual world as a means to send or sell or even buy stuff. Having this cirrency is beneficial to those who likes to keep themselves anonymour or for instant and faster processing of their involvement on business

I myself concluded virtual currency namely electronic currency that we can not touch but can be set as a tool for online transactions and can also be a change in the original currency. In addition, virtual currency value is not stable and can be used as invest.

When we say Virtual money  is used with electronic gadget like computer or automated machine that ca be use in every transaction, no other definition of virtual money. it is used for paying in different types of things without physical shape like what you said. This is also similar of virtual currency of BITCOIN but not for growing money.

Virtual money has a different value. Their value are changing all the time. They have no form like dollar and euros. Some of they have authority and some of them has nothing.

From its word virtual it means unreal, virtual money is just an electronic codes or digits on your screen with important values. Virtual money is not backed by gold or valuable things even the real money but virtual money can be converted into a cash with the use of some applications. Main example is the bitcoin, its price is dependable and parallel on the demand.

Virtual Money may be expressed as a digital representation of amount that is maintained by virtual community who also controlled those.virtual money is most popular and demanding money in both real and virtual world. lots of countries are accepted virtual money and also did transaction by real banks of countries too. this is now trusted and preferable money for present and future generation.its not the a dream right now,because, you can do whatever you want just setting in your home.

Due to the hot bitcoin, virtual currency is gradually becoming a hot topic.This definition may differ for persons. But, a virtual money must be used to for all the purposes what a traditional money is meant for. Otherwise there will be no point of calling it a money.

Yes, you're right. For me, virtual money is an electronic or digital money that can be use as payment online or for gaming systems in a virtual community. Its just only a representation of money with no physical appearance and is not backed by gold.

Yes, it's true that virtual money can't be controlled and if you don't secure that it will be gone forever. There are many hackers and they can easily get yours. We can't literally hold it. It is only found in our digital wallet.

Virtual currency, also known as virtual money, is a type of unregulated, digital money, which is issued and usually controlled by its developers (Bitcoin is an exception), and used and accepted among the members of a specific virtual community.

Virtual money is just as percussed as paper money, it's just that virtual money has no form. And virtual money is a digital form of the banknote itself. Like what you say that virtual money is often used for online game payments. But if you know, the benchmark purchase price of the virtual money itself comes from fiat money. So that virtual money is an invisible form of paper money

Virtual Money is a type of money that uses a blockchain operating system that can only be used in the presence of Internet jatingan. This virtual currency is like Bitcoin, the whole system is based on chain block or blockchain.

"So from publishing, the way transactions and records are all recorded in the blockchain decentralized network.So everyone can run this block chain server,

Virtual money is the digital currency, there are in the algorithm, in my country there are many people think that virtual currency is a gambling-like thing and there are many to stay away from it, in which the government in the country I also banned Bitcoin because the current economic situation in the country has not developed to meet the financial needs of Bitcoin.

Virtual Money is a digital currency. An example of virtual money is bitcoin that is existing only in system, used and accepted for those who accept digital currency, it is intangible unlike regular money, where it is recognized already and has a physical form.

To simply explain what is virtual money then we can say it like a credit card which we can use to buy goods and products online and since bitcoins is a digital currency as well then there is stores who are accepting cryptocurrency as a payment method.

 virtual currency or what we called now virtual money is a kind of unregulated currency, offered and controlled by its developers. and is used and accepted to members of a particular community. In particular, virtual currency has no legitimate status.
Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking

Yes digital currencies are good example of  virtual, that we can only use through computer and internet, which do not have any physical existence but are only present in virtual life. Bitcoin is a virtual currency and i think most of the people are now giving more preference to virtual currency as compare to fiat currency. In modern time we can expect that people will give more preference to virtual currency as compare to fiat currency.

Virtual Money is like the money we used to redeem / replace a good with a certain value. Virtual Money is often used for buying and selling goods online. To have virtual money a person must have a virtual account that functions as a normal account if we save in a local bank.
To withdraw Virtual Money we must transact with Third Party (Money Exchanger) and usually to cash Virtual Money we also have to have a local bank account to receive our virtual money money from Money Exchanger.

Nowadays, many transactions take place without any physical money, for example via online transfers or payment cards. It is known, however, that the money we see in the bank's online account can be withdrawn in the form of banknotes. This means that even electronic transactions are linked to "traditional" money. BTC is a new era :).

Most if not all money today is virtual. Even gold is only a representation of value. Everything that changes value has some "virtual" value attached to it. 

Virtual money is any kind of assets that you can move through the Internet and electronic forms of payment. Soon there will be no place for banknotes.

This is the same money as you have on a credit card, only they are not controlled by anyone or someone, not by the government))

Virtual money is a currency that is not generated in the real world and instead could be found in the data of a computer. Cryptocurrency is a kind of Virtual money because it is generated digitally, and is non-existing in the real plane. In addition, Virtual momey or Virtual currency also has a very high volatility rate since the value for this type of currency is speculative.

Virtual dengi ostadayut takoy zincnot'yu, as nactoyashchie (fiatnye), naxodyaschisya, czazhm, na bankkovkih cheshtaxa or in koshelkke pokupatelja. This kind of money has an inescapable advantage, as it will allow them to develop a number of functions that do not take place against the Fiat dengas.

The virtual money can be defined as a digital representation of the value that is issued and controlled by the members of a specific virtual community unlike regular money it is relying on a system of trust and not issued by a central bank or other banking authority

Electronic money is created in such a way that they do not appear to be illegal, since they have a digitized digital form. The environment of some people uses the idea that you can take the credit card system swiftly. This is an abolutely erroneous idea.

Systems of electronic payments allow one to generate one virtual currency in the other without any problem. It occurs at the same time, with the aid of multifaceted nature reserves and onion birzh. To provide this process also can be inside the internal payment system, even though the exchange rate will be slightly lower at the same time.

Ellektronicnaya valyuta c every year, the food will be replaced by the increasingly large population. This fact also means that the whole of the transaction with the virtual currency (purchase of goods, payment of any service, exchange of money, etc.) may be possible even from a mobile telephony.

Hackers hack into the computers of inexperienced users, in the result they enter passwords and electric keys. Incorporate a file into the proper box in the future is quite dull. Therefore, in order to avoid such a problem, we do not need to observe the elementary rules of safety, which are printed in each payment system.

There’s a lot of misunderstanding around the terms “virtual” and “digital. All virtual currencies are digital but the vice versa of this is not correct. Digital currencies are currencies that are stored and transferred electronically. Virtual currencies are used primarily for online entertainment. We can not use virtual currencies in a real world.

In the difference between banks, the systems of electronic payments work constantly, in an automatic mode, that is, without going out, alone, and on all the way out, which is very good for a financial client. To this, the same money can be implemented as inside the cov- erage, so also on the ee of the page.

Virtual money has a high speed of transfers. To make the purchase of goods more convenient or to provide payment for any service may be with a masculine secret, but not at the expense of this large amount of money for commerce. This means that if you use an electronic payment system, which in the City is very large, and there are many hotels with every year.

Virtual is defined as the 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

Virtual Money for me is something which you cannot physically hold or keep, it is an internet or digital currency which can also be cash out to any kind of currency in any part of the world which has a mobile or internet connectivity so without the said connectivity this currency will never exist also, digital currency is best when you are traveling because it release you the burden of bringing the actual paper bills in which we are very used to.

I think virtual money is almost or nearly as describe on real money but not completely.

Thats it ,any transaction online is seems to be good explanation for for virtual money and crypto currency is just part of it, its really what you can't have in past. when online transaction was done in terms of currency and prior to that in form of different goods.

Virtual money for me is you can only used online but you can chamge also to become physical money by selling in exchanger, but you can only own virtual money by go for trading, mining, or buying bitcoins os crypro.

its entire system is based on book chain, so multi From publishing How to transaction as well as recording all recorded do network of decentralized blockchain

Virtual money is a currency that is online and he is made up of many types of money but the biggest is bitcoin because its value is very high and lost to the world-wide currency and there is also bottom like eth which also has a value that beat the world currencies but its value is not very high like bitcoin whose value is very high.

Virtual money is basically just the same as credit cards and you can use it to buy products and goods online. Since cryptocurrency is a digital credit then we can have faster and secured transactions if we are going to use bitcoins to buy goods and products online.

virtual money is different from cash money.you can't see or touch this it managed by computer or mobile by using internet network.it is stored in a virtual wallet.the more the amount is easier and safe to carry. to use this money by spent or investment.there is no required time or amount,it is free from bank and government,bitcoin is a most popular  in this virtual money.

Virtual money or digital money is an electronic money, just like bitcoin. The main purpose why it was developed is to make transactions fast and easy. Meaning you can send and receive money anytime wherever you are. With this type of money, you can shop even without a cash or fiat on hand. However, the bank do not recognize it as acurrency and some countries already banned it due to financial risk and security issues.

This means money which is electronic. You cannot touch it and the value is just through web. Like bitcoin and other altcoins. It is generated through internet. It is also used using internet. It is brought to the market since we are getting more digital and we are currently on computer age. This cannot be stored in the bank.

Virtual money is a type of currency generated not physically but manifests its value on ths digital world. Bitcoin and other forms of cryptocurrency is a prime example to this. Moreover, Virtual money can also be found on ATM credits, Prepaid Load, Electronic Cash used to buy stuffs like videogames and such. Every kind of vrtual money shares the same characteristic. They all are converted from fiat money.

Virtual Money is a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific (virtual) community

I think virtual currency is a byproduct of bitcoins decentralised blockchain and distributed smart ledger. With the invent of this technology moving value around in a digital manner was now possible

Virtual Money can be defined as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific (virtual) community. Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking authority.

Cryptocurrency is a good example of virtual currency and since credit cards are widely used today so online stores are also creating a payment method where you can use your cryptocurrency to pay bills and purchase any items online if they will allow it.

When you say virtual money, this only means this is digital. This is electronic and powered through internet. We cannot touch it. It is only generated through internet. It is controlled by internet. It can only be found in the web and no physical representation.

virtual money is a money that doesn't have a physical form like cash money or coins.
bitcoin is more that just virtual money, it is running on a decentralized database, the other cryptocurrencies too.

I think, Virtual money is known virtual currency and is a type of unregulated,digital money. Virtual money is issued and usually controlled by its developers and used and accepted among the members of a specific virtual community. Payment and can be transferred, stored or traded electronically". By contrast, a digital currency that is issued by a central bank is defined as "central bank digital currency.

What is 'Convertible Virtual Currency/money'
Convertible virtual currency is an unregulated digital currency that can be used as a substitute for real and legally recognized currency. Convertible virtual currency usually has a measurable value in real money, but what makes it convertible lies in its ability to be exchangeable. Not all virtual currency can be exchanged for legal tender though, therefore, not all virtual currency is convertible.

Convertible virtual currency is also called an Open Virtual Currency.


'Convertible Virtual Currency'
Convertible virtual currency is an example of how technology advancements all over the globe are driving disrupting changes in the traditional way of doing things, including the way goods and services are paid for and acquired. The rise of cross-border and e-commerce platforms for shopping has led to a demand for alternative means of making payments. One rapidly evolving payments technology that is making waves in the digital world is virtual currency. Virtual currency is a type of digital money that is used to purchase real-world goods and services, but has no legal tender status in some countries, meaning that it is not recognized as a medium of payment by legal systems such as the Federal Reserve.

The most popular form of virtual currency is known as Bitcoin. Bitcoin runs on a decentralized peer-to-peer currency network. It is decentralized because it bypasses the regulatory operations of central banks and central clearing houses which exist to monitor, verify, and approve transactions in legal tender. It is a peer-to-peer exchange tool because it is a currency created by the people for the people. Bitcoin is a convertible virtual currency because it can be exchanged for real money based on its determinable value in the market. The value of a Bitcoin in dollars has been exchanged from as low as $13 sometime in 2012 to as high as $17,900 in December 2017. According to CNBC, Bitcoin is expected to rise in value to reach $50,000 in 2018.

Virtual currency can be converted for cash through online exchanges who act as brokers. Exchanges such as Coinbase and Bitstamp enable users to exchange their Bitcoins for their local currency. The Bitcoin holder makes a sell order like s/he would if making a trade with a securities broker. The sell order includes the number of Bitcoins and price per coin. The user’s account is credited in the local currency when his/her order is matched to a corresponding buy order.

Convertible virtual currencies can also be exchanged for real currency using Bitcoin ATMs which are only available in select countries. While the online exchanges may take a couple of days for the euro or dollar to be transferred to a user’s account, Bitcoin ATMs take only seconds to complete the transaction.

https://www.investopedia.com/terms/c/convertible-virtual-currency.asp



I think there's a lot of definition about virtual money or currency. And this is one of the example of this article.

Virtual Money is an electronic money that exist only in the online world, they do not have physical form like coins or notes. Bitcoin is an example of virtual money. Each virtual money currency has its own developer and varying level of anonymity, unlike regular money that is issued by a central bank or banking authority.

BTC, the all time favorite among all the cryptocurrency, is a huge virtual currency. Actually the virtual currency is a mode of online currency, it's concept is entirely different from that of physical currency, here you need not to manage it and neither there is risk of being stolen by anyone and moreover it provides user anonymity and does not involve any third party seizure. So in summary, virtual currency  is very innovative and impressive thought.

Virtual money where there is no physical appearance, it was digital currency where you need to have internet to have a transactions. You don't need to carry it physically, since it is digital, all you need to do is had a mobile and password to do a transaction.

Virtual money is also called by the name digital currency, for example, bitcoin is a virtual money cryptocurrency can also be called as a virtual money. Virtual currency needs just internet facility to use it, can be transferred from one account to other very easily, easy to use and access and lot of merits over the real money.

Indeed, virtual money is also kind of electronic money like paper money that can be used in different kind of transactions. It is more convenient because if you want to pay bills you can pay it in some easy and fastest way. Lastly, I think virtual money will become our future money in the near future.

Yes a virtual currency is not like an ordinary currencies is not like any other currencies is build for the next generation of money for easy use so you can easily access with easy way in a quick and safety way .

Yeah virtual currency is a revolution to the world which based on the entire chain of Bitcoin blocks or blockchain, so that starting from the publication, the way the transaction as well as the recording of all decentralized networks listed on blockchain. So everyone can run servers block chain. any society can run Bitcoin server and any connected servers around the world.

virtual money is actually invisible money like bitcoin. it is not in hard form. its save in smart phones and use through it.

In simple terms, it is the currency that you have in your digital wallet, and you can spend it for your daily needs whoever accepts digital currency.

Virtual money is an electronic money. Unlike regular money, virtual money is relying on a system of trust and not issued by a central bank or other banking authority.

What's the best about the virtual money or cryptocurrency is that, the market that makes the price of your coin to increase or decrease, another thing is that, there are different analyst out there who are creating speculations in order for their coin to rise and it affects the entire circulation that's why bitcoins is good for long term investment.

I'm not exactly sure what virtual money is. can you tell me in more detail

Virtual money could become really important, which are the main product and players in the market today and what are their main characteristics, risks and advantage.

virtual money is an unregulated digital currency that is issued and controlled by its developer and it is also used and accepted by members of a paticular virtual community.

If I think the virtual money is Bitcoin. where the entire system is based on chain block or blockchain. So starting from the issuance, the way transactions and records are all recorded in the blockchain decentralization network. So everyone can run this block chain server.

i also questioning about that too
but willing to understand the concept about real money is make me undersatand, but the different is virtual money not have a real thing, is sutainable in network, but money is like barter people must deal with if that have an exchange value

Bitcoin coin and all its altcoins are virtual currencies, virtual currencies are not in physical form but we can only use it online for different purposes, it is just in numeric and do not have any physical body. It is a new concept which is becoming popular in moder time from time to time, people now like to use virtual currencies instead of fiat currencies.

Understanding what virtual is should really give us an idea what virtual money is. As far as i know virtual is something that does not physically exists, or intangible in nature. Therefore virtual money is made
For the purpose of purchasing items in virtual world. Moneys on online games are examples of virtual money like zenny, bellies, golds and etc. Used in purchasing equipments to make your character strong. Yeah it does have value but it depends on the popularity of the game. Some players bought virtual moneys in exchange of cash to be strong in their respective games. Just like money in real world, moneys in virtual world are being monitored as to prevent the economy from going down. It maybe similar in cryptocurrency as to they are both intangible. They still differ from how they were made and the purpose of creating such.

From what I understood from different sources virtual money is something which we can see it, but it is impossible to feel it placing in our hands or with some physical touch. Now there are virtual coins available same as our fiat carrying the qr code of the respective wallet.

Virtual currency is the plan of jak ma who created alibaba and he wants to live a cashless country. There is a huge chance in the future that it will be implemented on the entire world because the price of bitcoins today in the market is continuously growing.

The virtual money has similarity with other currencies. It can be used for transactions and more, but the difference is virtual money is often also called digital money, and bitcoin is one of the virtual money or digital currency that is famous today so that now bitcoin become one of the digital currencies or the king of all cryptocurrency that are in great demand by the public in this world who has the most investors who invest on it.

What is virtual money
Virtual money is called conventional units, which are represented as records in different electronic systems. All transactions usually occur using the power of the Internet, but sometimes you can dispose of electronic money using a mobile phone. Each user can exchange electronic money for cashless or cash at any time. This service also involves opening your own electronic account in a few minutes and absolutely free.
No one will say exactly when the electronic money appeared! This happened unnoticed, as there was a need to pay for services without leaving home. And, undoubtedly, in the near future, electronic money will acquire a single world-wide character.
Payment for services with virtual money is a bit like a method of calculating a regular check, but you do not need to sign by ink, but with an electronic code and a password. This method of payment is very convenient, since virtual money is instantly transferred to anywhere in the world, and almost all financial transactions can be made without contacting the bank. The relevant software controls the correctness of the transaction and pays for the purchase within a few seconds.

virtual money is a digital representation of value . it is use and accepted by members of a virtual circle.  this virtual money can be used to make physical purchase like cars, Grocercies and it can also be used to value local currencies

theres a lot of definition of virtual currency or what we called virtual money.. some says it is a unseen currency but can legally be used in payment method some says it is future currency etc. and yes every opinion and own definition and understanding are all true. virtual currency is unregulated digital money BUT still not the same as a digital money itself. because virtual currency is controlled by its  developer and not by the government while digital money is what we all have in our bank ( by using our debit and credit acct.our money becomes digital and paypal as well is considereds as digital money as we all know that ofcourse.) so that is why virtual money most of the time people think that it is illegal and can be easily used by criminals because it is not under government not even release in central bank..but still people whp knows what virtual money is.. still using this as a LEGAL payment method.

Virtual money is money that can not be grasped. It has no specific physical shape and is used in an electronic environment. Virtual money is usually used to make payments, made services through the internet (with user and password). This method is extremely convenient for the growing economy as today, used by many people. I am confident that this virtual currency will grow more and more because of its popularity and convenience.

This is the reason why I said newbies shouldn't be able to create posts.

Virtual Money can be defined as a digital representation of value that is issued and controlled by its developers, and used and accepted among the members of a specific (virtual) community. Unlike regular money, it is relying on a system of trust and not issued by a central bank or other banking authority.

Fiat and virtual money are same in some aspects and it is upon trust who doesn't have confidence in virtual nearness can't utilize virtual money. Something else is that fiat is upheld by commodities though virtual money is totally subject to technology which makes it not quite the same as normal fiat.

Virtual is defined as having no basis of physical reality. This virtual currency has
born and defined since 2012. Virtual money is almost the same as regular banknotes. But virtual money is invisible but has value, so it can only transact using the internet network.  :)

Virtual money means it is a currency which does not have the physical appearance and which exists in digital form and transacted only through the internet connections.And bitcoin and all other cryptocurrencies are in this virtual form.And one more thing, because of thus virtual nature crypto doesn't have any stability on its value(which always fluctuates its value as per the crypto market demand).

Virtual money is commonly and easily identifiable as a representation of fiat in digital form. With modern technology
and the internet, online transactions are much more faster and convenient. It's a growing trend and since were all
hooked to screens, phones and portable devices. Crypto and digital money is just an extension that complements the
technology and rising trend. It's now a universal standard in online and digital transactions and investments. It's money's
innovative contribution or response to the evolving digital age and movement.

A virtual money is the non paper money, otherwise known as digital money which can be transferred electronically. Virtual money is much more convenient, because you do not have to wear large sums with you and in this case you are free from all the challenges associated with carrying physical cash.

Virtual money can be referred to those currencies that cannot be touched and cannot be seen, but the presence is there. Can be used in online transaction such as online shopping and other transactions. Virtual is term near about electronic and it is controlled by ledger. It is widely use by the people since it is easy to access with it rather than the real money that we have. This virtual money can be transfer to others, and can be exchange to other cryptocurrencies.

The so-called virtual money that is Bitcoin is one of the most famous virtual currency in the world .... CEO Bitcoin Indonesia Oscar Darmawan explains electronic money has a server so there is a publisher company and responsible person.

its like air .....its exist but you cant see ....but you can use it

Virtual money for me is another form of currency which is pretty different to the paper bill currency in which we are very much used to, virtual money is another form of currency in which it don't have any physical form at all but just a digital signature or a monetary value. With the use of virtual currency we are able to implement the cashless payment method in which we don't need anymore to bring the actual paper bill currency.

virtual currency virtual currency and cryptocurrency are more likely to hear you may be more familiar with terms like Bitcoin and Eter These are all cryptocurrencies that use Blockchain technology as well as virtual money / Virtual Money like the money we use to make up / replace nice with a certain value 8)