How did you get that out of what I wrote?  I didn't even attempt to define what a currency was, I only stated that fiat currency was not, and it isn't.  Trying to have a conversation with a person who tells me what I mean to say is always a futile endeavor.


Off the top of my head, gold is safe for handling.  To be precise, I should say gold is a good money, because it has all of the characteristics of an ideal money to some degree or another...

http://www.marketoracle.co.uk/Article10370.html

"Aristotle on good money

Aristotle (384 BC - 322 BC) was a Greek philosopher, a student of Plato and teacher of Alexander the Great. Aristotle discovered, formulated, and analyzed the problem of commensurability. He wondered how ratios for a fair exchange of heterogeneous things could be set. He searched for a principle that makes it possible to equate what is apparently unequal and non-comparable.

Aristotle says that money, as a common measure of everything, makes things commensurable and makes it possible to equalize them. He states that it is in the form of money, a substance that has a telos (purpose), that individuals have devised a unit that supplies a measure on the basis of which just exchange can take place. Aristotle thus maintains that everything can be expressed in the universal equivalent of money. He explains that money was introduced to satisfy the requirement that all items exchanged must be comparable in some way.

Within such frame work, Aristotle defined the characteristics of a good form of money:

1.) It must be durable. Money must stand the test of time and the elements. It must not fade, corrode, or change through time.

2.) It must be portable. Money hold a high amount of 'worth' relative to its weight and size.

3.) It must be divisible. Money should be relatively easy to separate and re-combine without affecting its fundamental characteristics. An extension of this idea is that the item should be 'fungible'. Dictionary.com describes fungible as:

"(esp. of goods) being of such nature or kind as to be freely exchangeable or replaceable, in whole or in part, for another of like nature or kind."

4.) It must have intrinsic value. This value of money should be independent of any other object and contained in the money itself.

(snip)

Fiat Currency

Money must be a good store of value by definition.

Fiat paper currencies are popular at times since they are convenient and can be created at will to please the public. However fiat money fails the all important "intrinsic value" test, as its value is solely derived from legal tender laws. The compliance of such law rests on the credibility and strength of the issuing authority. As we know government and political factions can rise and fall faster than pop stars in some cases. It's no surprise that no fiat money has ever survived through time, and they can never be viable money regardless of technological breakthroughs or other human advances."

(end excerpt)

Bitcoin is a currency because it can be, and is intended to be, used as a medium unit of exchange.  Yet it does not require the legal backing of any government; so it is not fiat.  Nor does it, presently, have any attribute that would imply a market value outside of the context of it's intended use as a medium of exchange.  As has been noted in other threads, Bitcoin is most like a LETS for the Internet, but even that analogy has it's faults.

It will be difficult to come up with a correct answer, but for me I think the best thing is to link the amount of BTC in your account to Fiat and calculate the interest on a daily or weekly basis. The rise in BTC last year resulted in high default rate on BTCjam. Quality search need to be carried in the area to be successful

Hey guys I'm not sure if this is the right place so please tell me if it is not. With that out of the way, I have a question for you all. I have recently been able to gather about .5 btc through minor trading and I was wondering if there was any method or way to grow this btc into a larger amount safely and fairly quickly. Thanks!

Hello everyone as the title says ^
Do you store your bitcoins online or on a wallet on your computer, perhaps cold storage?

I think investing is more risky than gambling because most of investing websites are just scam, but in gambling you have better chances to make your bitcoin grow. How about you guys what do you think?

Trading is a not gambling. but trading is a buying and selling, and the profit are generally through buying at a lower price and selling in higher price but in short time only, there is no risk in trading because you hold it in a short time. The possible is earn easily and double your money in trading this can be an good investment and make fast money.

How much money do you make from trading ? Your expect and result, Also never forget to tell your principal

Thank you

I don't know whether it has the same topic like this before or not if yes please post here,

Actually i never saw a man, who has rich from Gambling?
I m not playing gambling because i saw a lot of people who has lost everything in gambling.
So i want to ask if anyone is here how has rich from GAMBLING ??

how many country of the world now accept btc?  

As you know that you need to stop and leave the game? How can you feel this moment. I almost always lose their money because they can't learn when to leave the game. I'm not sorry to lose. I have a lot of money not to lose, but I can't keep the winnings if I'm lucky.

as i am a newbie.. i know nothing about trading... what should i do to start trading and multiply my btc.. guys please help me

Imagine that you've found a magic lamp. When you rubbed the lamp, a genie appeared and said "I have been sent here by Satoshi Nakamato. Since you are an unfortunate trader from cryptocoin world, i want to help you. tell me 3 cryptocoin, and i will tell you how much they will worth in 1 Jan. 2018"

So how would you answer?  which coins would you choose?

There are some good coins to buy at this moment, most valuable ones in my opinio are Stratis, waves, nem and i like golem too. Best one to me would be Stratis. Do your due diligence and invest in whichever you feel most safe with.

Are there any websites which can alert user when altcoin stops going down and starts going up?

Not everybody has a problem gambling, but if you are a problem gambler, there is a support network they may help you. It starts with you recognizing the problem.

Start here:
http://www.gamblersanonymous.org/ga/content/20-questions

Let's work on this together, you're not alone and you don't need to suffer from your addiction. If you have solutions or have the compassion to provide moral support, please help by participating in this thread.

Today many people rely on bitcoin, in the sense that they are now focusing on the world of cryptocurrency, leaving their jobs

Is there something like this, is there any special tips because i want to focus but not yet dare?

as I know experience is important in some gambling games such as poker, but how about the other games like dice game or roulette, do you gain any advantage from your experience, can you used your experience to win the game? or maybe because of your experience you know whether to bet low or high in dice game

So Does Experience matter to you?