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Title: The debate about whether cryptocurrency is money or not Post by: alcivall on February 04, 2018, 01:30:44 AM The debate unleashed on cryptocurrencies continues. The government of the United States has been taking interesting steps in the legal aspect, since this invention has come to change schemes in the economic, social and political performance of the whole world. On the legality of Bitcoin and the other cryptocurrencies, its detractors, have tried to create matrices of opinion on the use given to them, and it has been meant that it is a speculative bubble, a Ponzi pyramid, or simply a resource of criminals for the drug trade, arms and the payment of ransom kidnappings.
Earlier, an English study, refers to the size of the cryptocurrency market, still very small when compared to the global market of fiat currencies and the stock market and debt bonds, they are used in less volume for criminal purposes. The debate about whether cryptocurrency is money or not / By @alexvallenilla / https://en-efectivo.blogspot.com/2018/01/lightning-network-relief-for-operations.html (https://en-efectivo.blogspot.com/2018/01/lightning-network-relief-for-operations.html) Title: Re: The debate about whether cryptocurrency is money or not Post by: ducphat254 on February 04, 2018, 03:54:45 AM I do not think so Title: Re: The debate about whether cryptocurrency is money or not Post by: CryptoBry on February 04, 2018, 03:43:42 PM We don't care so much on how the government will be viewing cryptocurrency either as money or just an asset except on cases of taxation because this can really affect us all as the other end of the paying table. They can continue on debating and waste many hours analyzing cryptocurrency but the fact is that throughout the history of humanity anything can be used as a medium of exchange or money...it just later on evolved into paper money for convenience. In case the government will decide that it is money then well and good and in case it is taken as an asset then well and good at the same time.
Title: Re: The debate about whether cryptocurrency is money or not Post by: Coins4Days on February 04, 2018, 03:45:18 PM The definition of money is as follows:
The definition of assets is as follows:
By defintion, bitcoin is an asset. It is a "valuable thing." It is possible to own bitcoin if you own the private keys of the wallet. Bitcoin is also associated with wealth. I mean, if you have a lot, you're wealthy right? The argument seems pretty simple to me. Bitcoin is indeed money. Title: Re: The debate about whether cryptocurrency is money or not Post by: jseverson on February 04, 2018, 04:30:26 PM Uh, the linked page doesn't have anything to do with what you're talking about lol. It's basically talking about the Lightning Network and how it could make microtransactions viable again. Nothing about Bitcoin's classification about money or asset.
Either way, these debates don't really matter, and you are free to think what you want to think. Governments are going to rule it one way, and it's very likely you can't do anything about it. It has value either way, and you can trade it however you want at the end of the day. Title: Re: The debate about whether cryptocurrency is money or not Post by: abdulq on February 06, 2018, 08:37:33 PM The debate unleashed on cryptocurrencies continues. The government of the United States has been taking interesting steps in the legal aspect, since this invention has come to change schemes in the economic, social and political performance of the whole world. On the legality of Bitcoin and the other cryptocurrencies, its detractors, have tried to create matrices of opinion on the use given to them, and it has been meant that it is a speculative bubble, a Ponzi pyramid, or simply a resource of criminals for the drug trade, arms and the payment of ransom kidnappings. after creating negative news/fud from countries like south koria, china and india now every eye on america meeting regarding regulation of bitcoint. Lets cross our finger and pray for best.Earlier, an English study, refers to the size of the cryptocurrency market, still very small when compared to the global market of fiat currencies and the stock market and debt bonds, they are used in less volume for criminal purposes. The debate about whether cryptocurrency is money or not / By @alexvallenilla / https://en-efectivo.blogspot.com/2018/01/lightning-network-relief-for-operations.html (https://en-efectivo.blogspot.com/2018/01/lightning-network-relief-for-operations.html) Title: Re: The debate about whether cryptocurrency is money or not Post by: darkangel11 on February 06, 2018, 09:34:24 PM The debate unleashed on cryptocurrencies continues. The government of the United States has been taking interesting steps in the legal aspect, since this invention has come to change schemes in the economic, social and political performance of the whole world. On the legality of Bitcoin and the other cryptocurrencies, its detractors, have tried to create matrices of opinion on the use given to them, and it has been meant that it is a speculative bubble, a Ponzi pyramid, or simply a resource of criminals for the drug trade, arms and the payment of ransom kidnappings. Earlier, an English study, refers to the size of the cryptocurrency market, still very small when compared to the global market of fiat currencies and the stock market and debt bonds, they are used in less volume for criminal purposes. The debate about whether cryptocurrency is money or not / By @alexvallenilla / https://en-efectivo.blogspot.com/2018/01/lightning-network-relief-for-operations.html (https://en-efectivo.blogspot.com/2018/01/lightning-network-relief-for-operations.html) OP's post is a copy of: https://www.reddit.com/r/Bitcoin/comments/7v3se8/the_debate_about_whether_cryptocurrency_is_money/ Enjoy your plagiarism ban. I do not think so Wow, you are so smart! I bet you won't see any merit for a long time. interesting information ;) :) Same here. WTF is this a spam thread? |