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Author Topic: Is Bitcoin money?  (Read 98729 times)
Semar Mesem
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August 29, 2017, 01:45:34 PM
 #1321

even better than money, we all know that money has many weaknesses, bitcoin looks perfect so I'm sure bitcoin is better than money.

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August 29, 2017, 02:18:23 PM
 #1322

even better than money, we all know that money has many weaknesses, bitcoin looks perfect so I'm sure bitcoin is better than money.
really Bitcoin is better than money, how to get even better Bitcoin than money. money must work real, Bitcoin works online.


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August 29, 2017, 02:21:34 PM
 #1323

I believe that the statement: "bitcoin is new kind of money" passes the duck test.

Bitcoins function as money (they're a unit of account, a medium of exchange, and a store of value), and if PayPal started allowing Bitcoin transactions tomorrow I'm certain they'd treat them as Just Another Currency.

If you like, call it a commodity, but I think all you'll accomplish is confusing potential users who might think they'll end up getting pork-bellies delivered to their porch if they don't get rid of their bitcoins.

Well, I absolutely agree that bitcoin is a new kind of transaction. In addition to that, bitcoin is a digital money that you can use in different kind of transaction like buying some stuff on online market and you can also use it to buy some altcoin in online market. Lastly, I believe that bitcoin is our future money.

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August 29, 2017, 02:22:05 PM
 #1324

I can only agree to what the last guys are saying imo :-)
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August 29, 2017, 04:25:53 PM
 #1325

I agree with this point if Bitcoin is using the payment method and also for the purpose of saving and investment so that Bitcoin can be considered as a money. it is the major virtual money at present. day by day Bitcoin is getting more and more acceptance whole around the world.

it has played an important role in the virtual world. hopefully, in the future, Bitcoin will be a global money when it will play a dominant role in the monetary system.



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August 29, 2017, 06:31:23 PM
 #1326

yes bitcoin is a online money.There are may online shop accept bitcoin for payment.There are many bank  accept bitcoin.Bitcoin is money for me.it is very useful and easy to use.

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August 29, 2017, 07:55:53 PM
 #1327

yes bitcoin is a online money.There are may online shop accept bitcoin for payment.There are many bank  accept bitcoin.Bitcoin is money for me.it is very useful and easy to use.
Right.Bitcoin is a payment system.But i should say that bitcoin brings so much money to everyone.It may be an online money but you can also withraw it especially when the exchange rate becomes high.In this way,bitcoin becomes more profitable than any other online jobs.



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August 29, 2017, 10:05:47 PM
 #1328

Bitcoin is obviously a digital currency which can be exchanged into physical fiat currencies. Bitcoin can be utilized for making day to day online transactions on many websites and offline transactions at certain stores. There are bitcoin atms in certain countries around the world which will keep increasing in number over time. All of this clearly implies that bitcoin is indeed money in a digital form.

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August 29, 2017, 10:14:53 PM
 #1329

we can buy and sell goods and services by this so yes it is money. that have not paper analog but it still money in different kind of way
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August 29, 2017, 10:18:16 PM
 #1330

If you ask me, bitcoin is just an asset in today's world but it can be money in the coming future when everything would be paperless and all of us will be having RFID chips fitted in us for identification and spying on us.

No it's still used as currency but it's going to happen that we are about to go with a paperless economy. And this is just the start of it with bitcoin, I have read that news about the RFID chips. Every transactions that we will be going through we will just swipe those RFID's or it's on the part of our right hand and we are paid with it.



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August 29, 2017, 10:20:22 PM
 #1331

I think it is more of a good than that of a money. A good that increases or decreases its value. But if you cash out the bitcoin I think it can be called as money.
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August 30, 2017, 01:39:36 AM
 #1332

Yes, bitcoin is money. Once it can convert into a real cash, it means money. This was happened to me a couple of months up to now, bitcoin gave me also now savings, through saving bitcoin in my storage wallet for believing by next year it will be 10,000$ each BTC.

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August 30, 2017, 01:49:49 AM
 #1333

A broad definition of money would be something that has value that can be used in exchange for something else. Bitcoin easily fits into this category, and has ever since the first transaction for a pizza for 10,000 BTC over half a decade ago now. Bitcoin is definitely money.

If you don't think it is or disagree for whatever reason, I just don't know what to tell you.



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Darker45
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August 30, 2017, 01:59:59 AM
 #1334

A broad definition of money would be something that has value that can be used in exchange for something else. Bitcoin easily fits into this category, and has ever since the first transaction for a pizza for 10,000 BTC over half a decade ago now. Bitcoin is definitely money.

There is no doubt that Bitcoin is money. It is an online version of money, a digital one. If it can buy a pizza then it is money. There is no more trade barter right?  Wink Strictly speaking, in technical terms, it is called cryptocurrency. But the root word is still currency. And a currency's role is as an instrument to purchase something or pay some services.

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Botnake
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August 30, 2017, 02:01:53 AM
 #1335

A broad definition of money would be something that has value that can be used in exchange for something else. Bitcoin easily fits into this category, and has ever since the first transaction for a pizza for 10,000 BTC over half a decade ago now. Bitcoin is definitely money.

There is no doubt that Bitcoin is money. It is an online version of money, a digital one. If it can buy a pizza then it is money. There is no more trade barter right?  Wink Strictly speaking, in technical terms, it is called cryptocurrency. But the root word is still currency. And a currency's role is as an instrument to purchase something or pay some services.
Maybe more precious than the money people all know, with bitcoin the value will rise and it has a limited supply so
once you hold this you are one of the lucky people in this world who has a great investment in their wallet.
Let's spread the good news so we can see a massive adoption in the future to come.



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Kaller
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August 30, 2017, 02:54:31 AM
 #1336

Certainly. Why wouldn't it be considered as money? It has value and is used to exchange for other goods and services, just like paper money, only it is digital!



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Any store can buy, sell, and accept Crypto


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August 30, 2017, 03:00:24 AM
 #1337

Certainly. Why wouldn't it be considered as money? It has value and is used to exchange for other goods and services, just like paper money, only it is digital!
People have different understanding but what is right is the government definition because they create money.
Even if it's not on the definition but by looking on what we are holding we can already consider it as money,  bitcoin is money for me.

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August 30, 2017, 03:08:42 AM
 #1338

Bitcoin is a digital currency that is not tied to a bank or government and allows its users to shop without revealing their identity. These coins are created by users who "mine" their currency by lending computing power to verify other user transactions. They accept bitcoin in return. These coins can also be bought and sold by exchanging local currency.
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PROOF


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August 30, 2017, 03:16:46 AM
 #1339

yes of-course Bitcoin is money, Not only money it is a great valuable money that create a great market capitalization and huge market of bitcoin. Bitcoin is also a money that is not touchable but great valuable, there are so many companies are accepting bitcoin widely and banks also start to accept bitcoin as a currency, So bitcoin is a money.

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August 30, 2017, 03:17:28 AM
 #1340

    Bitcoin is something radically new. Nothing like Bitcoin has been possible until now. I would go so far as to consider it sui generis; "in its own class".  This makes it important to understand what Bitcoin actually is before we try to describe it to others.

    We're getting a good handle on the code, and of course on Bitcoin's function and utility, but what words should we use to describe Bitcoin itself? There has been some debate in other threads [mostly my doing] over how it is like/not like money, cash, dollars, etc. I'd like to start this thread by focusing on the term "money", and play Devil's avocate by asking for your best arguments that Bitcoin IS money.

    My legal dictionary states "In usual and ordinary acceptation it [money] means gold, silver, or paper money, used as circulating medium of exchange, and does not embrace notes, bonds, evidences of debt, or other personal or real estate." [cites omitted]

    Wikipedia says "Money is any object that is generally accepted as payment for goods and services and repayment of debts in a given country or socio-economic context. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, occasionally, a standard of deferred payment." [cited omitted]

    Webster's Online Dictionary defines money as:
    • 1. The most common medium of exchange; functions as legal tender; "we tried to collect the money he owed us".
    • 2. Wealth reckoned in terms of money; "all his money is in real estate".
    • 3. The official currency issued by a government or national bank; "he changed his money into francs".
    • 4. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by the sovereign authority as a medium of exchange in financial transactions between citizens and with government; also, any number of such pieces; coin.
    • 5. Any written or stamped promise, certificate, or order, as a government note, a bank note, a certificate of deposit, etc., which is payable in standard coined money and is lawfully current in lieu of it; in a comprehensive sense, any currency usually and lawfully employed in buying and selling.
    • 6. In general, wealth; property; as, he has much money in land, or in stocks; to make, or lose, money.
    [links omitted]
    [/list]

    I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.

    But that is just my point of view. Are there any that can convincingly argue otherwise, that Bitcoin IS money?





    Yes I love bitcoin because bitcoin gives life to me.I will not regret of having bitcoin wether I encounmtner a bad manager that he did not include me on the list.I know people are not the same.I can encounter also a good and responsible for his work.That can help me grow in bitcointalk so that  I will reach my goal towards the aim of bitcoin for the prosperity of bitcoin user.

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