|
Mickeyb
|
 |
August 06, 2015, 02:43:14 PM |
|
Recently I have read a debate if Bitcoin is a currency or technology. It stated there that it is a technology stock and not a currency since the governments have not approved it as a currency. I wanted to know your opinion in this debate. Is bitcoin a currency, or isn't it?
Well at the end, who gives a rats ass what governments are saying! For me, Bitcoin is everything, a currency and a technology. A technology that will allow many different uses for people in the future, of course as it advances and behind all of these use cases will be a blockchain as a backbone of this technology. On the other side, yes bitcoin is a currency. Today I can buy and pay 5 different goods and services online with bitcoin, doesn't that make it a currency? |
|
|
|
|
|
|
|
|
|
"You Asked For Change, We Gave You Coins" -- casascius
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
Jeremycoin
Legendary
 Offline
Activity: 1022
Merit: 1003
𝓗𝓞𝓓𝓛
|
|
August 06, 2015, 03:00:19 PM |
|
Bitcoin is both currency and technology. You can say it is "techno-currency".  You can buy things with bitcoin, so that makes it a currency. That's a great idea, a Techno-Currency. So, it means that Bitcoin is a mashup of a technology and a currency.   |
faucet used to be profitable |
|
|
|
AtheistAKASaneBrain
|
|
August 06, 2015, 03:10:03 PM |
|
As defined by Andreas antonopoulos: "Bitcoin is programmable money." So basically, it's a currency, and it's a technology that allows for you to develop around it. It's essentially both.
|
|
|
|
|
LiteCoinGuy
Legendary
Offline
Activity: 1148
Merit: 1010
In Satoshi I Trust
|
|
August 06, 2015, 03:17:52 PM |
|
That's the best part of Bitcoin in general.
One cannot generalize what it is.
It is a lot of things at the same time.
This is what I like about this great invention: Bitcoin cannot be handled easily. The potential is enormous and we are just seeing it now.
well said my friend. BTC is a digital-techno-currency-blockchain-token-asset-protocol. |
|
|
|
|
greBit
|
|
August 06, 2015, 03:54:50 PM |
|
Bitcoin is a cryptocurrency, and cryptocurrency is defined as A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. This means that bitcoin is an integration between digital technology and currency, making it digital currency. I have serious doubts if you are serious or you're trolling
|
|
|
|
|
|
mearylll
|
|
August 06, 2015, 04:00:31 PM |
|
As defined by Andreas antonopoulos: "Bitcoin is programmable money." So basically, it's a currency, and it's a technology that allows for you to develop around it. It's essentially both.
Yes, it is both, and it totally depends on an individual what is his perception about the bitcoin, and whether it is technology or a currency, as a bitcoin users it is helping us and benefiting us in various ways, let it continue with the dual role. |
|
|
|
|
|
lady Royal
|
|
August 07, 2015, 11:14:27 AM |
|
Bitcoin is not a traditional notebased currency but similar to commodities like gold, silver etc , some would call it a cryptocommodity which is indeed intrinsically accountable and can be proven to exist if required. Other currencies like notes are impossible to trace intrinsically and are essentially contract papers wheras a bitcoin stores the entire transaction history(under the larger bitcoin framework).
|
|
|
|
spazzdla
Legendary
Offline
Activity: 1722
Merit: 1000
|
|
August 07, 2015, 02:12:30 PM |
|
Recently I have read a debate if Bitcoin is a currency or technology. It stated there that it is a technology stock and not a currency since the governments have not approved it as a currency. I wanted to know your opinion in this debate. Is bitcoin a currency, or isn't it?
It's so beyond a currency it's mind blowing. The term doesn't make sense. Bitcoin is a billion times better than a "currency". It's really a new form of money. Most people just can't grasp that and when the world does.. hold onto your bitcoins boys. |
|
|
|
|
|
bornil267645
|
|
August 07, 2015, 02:49:14 PM |
|
Bitcoin is a technology that is being used as an alternative currency. That is why it is not treated as a pure currency yet. But if it does achieve some of the goal-mark, it will be accepted as currency at some point.
|
|
|
|
|
greBit
|
|
August 07, 2015, 04:57:41 PM |
|
Bitcoin is a technology that is being used as an alternative currency. That is why it is not treated as a pure currency yet. But if it does achieve some of the goal-mark, it will be accepted as currency at some point.
I believe that if we compare the rise and fall of fiat and bitcoin, it helps us analyze that if there is any time that fiat fades away, it is because of the mistakes and scams brought through and people realize how terrible fiat is, they turn their head around for an alternative and there is our sweet little bitcoin up to the rescue, making transactions smarter and banking easier. |
|
|
|
|
Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
|
|
August 07, 2015, 09:04:26 PM |
|
Bitcoin is private, free market, world money.
|
|
|
|
|
|
edric
|
|
August 08, 2015, 07:37:47 AM |
|
It's an interesting topic. In the US, different regulators treat it differently and even call it different things. The IRS considers Bitcoin property. However, many Bitcoin businesses are considered money services businesses because financial regulators consider virtual currency transactions equivalent to fiat transactions as far as compliance goes. It seems most of the world is still in a grey area on the issue.
|
|
|
|
|
Miracal
|
|
August 08, 2015, 04:01:58 PM |
|
It's an interesting topic. In the US, different regulators treat it differently and even call it different things. The IRS considers Bitcoin property. However, many Bitcoin businesses are considered money services businesses because financial regulators consider virtual currency transactions equivalent to fiat transactions as far as compliance goes. It seems most of the world is still in a grey area on the issue.
Yeah, a few countries are busy determining which kind of property they should consider bitcoin and setting different taxation rules on bitcoins..Different types of property means different kind of taxes, and one of them can be paying tax on everything you exchange bitcoin, so I don't know what is really going to happen but its not looking so good. |
|
|
|
|
Pab
Legendary
Offline
Activity: 1862
Merit: 1012
|
|
August 08, 2015, 07:09:09 PM |
|
I think both,it is technology for sure,blockchain is new technology and it is also currency,you can exchange and you can buy and sell products in btc
|
|
|
|
MBMGroup_Rep
Jr. Member
Offline
Activity: 32
Merit: 1
|
|
August 08, 2015, 07:37:27 PM |
|
Its currently an alternative currency mainly to fiat
|
|
|
|
|
|
tommorisonwebdesign
|
|
August 08, 2015, 07:39:36 PM |
|
Bitcoin is both a technology and a currency witch has the potential for many applications in the future. Right now we can exchange currencies, send payments, make purchases, shop online as well as various other things. Many people had lots of similar questions about the internet in the 1990s.
|
Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
|
|
|
|
HarHarHar9965
|
|
August 09, 2015, 12:38:52 AM |
|
This question is like asking if I am a mammal or a human being, when both of the answers lead to the same conclusion that I am a human and also that I am a mammal, and both of these facts compliment each other but do not guarantee any of it. Similar are bitcoin and block chain technology, both are entirely different, a little similar to each other but their relationship is far more complicated.
|
|
|
|
|
Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
|
|
August 09, 2015, 03:43:44 AM |
|
I heard that God created heaven and earth. Is it true?
|
|
|
|
|
|
Miracal
|
|
August 09, 2015, 05:17:40 AM |
|
I heard that God created heaven and earth. Is it true?
What's a god without a little OD? Just a G In terms of the question, I would not waste my time debating on it because of how insanely stupid it is. You all know what's the answer, good. I pray that people realize bitcoin's technology and its potential, people with vision might be able to imagine where bitcoin could be, how powerful it could be. |
|
|
|
|
Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
|
|
August 09, 2015, 05:31:12 AM |
|
Bitcoin is neither a currency nor technology, it is money, it is like...
Bitcoins beauty is beyond compare
With flaming locks of auburn hair
With ivory skin and eyes of emerald green
Its smile is like a breath of spring
|
|
|
|
|
|
