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Author Topic: Is Bitcoin money?  (Read 110839 times)
thet
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November 15, 2017, 11:17:17 PM
 #2241

Bitcoin can be considered as money because it can be converted into cash/fiat to buy whatever you want. It cab be transfer also to pay some bills.

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November 15, 2017, 11:38:07 PM
 #2242

Yes it is money that could be a good source of income. Some people buy stuffs or services online by using bitcoin with their identity secured. It is a cryptocurrency meaning it is a money that has an anonymous state.

Right now we are easy to earning bitcoin and cryptocurrency, I'm sure someday bitcoin price is very expensive making it more difficult for earning bitcoin. almost all the functions of money can be done with bitcoin, buying online, paying bills, paying hotels, restaurants and so on make that bitcoin equal to money.

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November 16, 2017, 02:31:18 AM
 #2243

Yes it is money that could be a good source of income. Some people buy stuffs or services online by using bitcoin with their identity secured. It is a cryptocurrency meaning it is a money that has an anonymous state.

Right now we are easy to earning bitcoin and cryptocurrency, I'm sure someday bitcoin price is very expensive making it more difficult for earning bitcoin. almost all the functions of money can be done with bitcoin, buying online, paying bills, paying hotels, restaurants and so on make that bitcoin equal to money.
Soon it will be widely accepted and people will think it's valuable as the real money.
For now since it's not yet mainstream, we should invest at this early stage if we want to benefit in the future, bitcoin gives me a lot of success
in my life and I am willing to hold it even if it will take 10 years for me to enjoy my profit.

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November 16, 2017, 02:42:05 AM
 #2244

I think it is future of money... but now it's not yet
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November 16, 2017, 02:46:26 AM
 #2245

    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?





    Bitcoin is a simple transactions to many people around this world and that people are getting to make any money out of this, bitcoin.  There was something a good benefit on having a bitcoin and that is having a money in order to answer a financial or basic needs.

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    November 16, 2017, 02:51:43 AM
     #2246

    I think bitcoin for me is money because I can use it to pay and buy online while at home and they can deliver for free, than buying at the store far from my house if I can buy it online I can make other job in house, so that's why I can say that is a real money.

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    November 16, 2017, 02:54:05 AM
     #2247

    In my opinion Yes, Bitcoin is money because i can buy things i want using Bitcoin of course i need to exchange it first to cash but that is easy to do as long as you have a virtual debit card like wirex. You can exchange Bitcoin to any currency fast and easy and used that virtual card to shop online.

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    November 16, 2017, 02:54:13 AM
     #2248

    I think bitcoin is not money. Bitcoin likes gold. Because money can be printed unlimit. Gold and bitcoin have limit

    TOO GOOD TO BE TRUE.
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    November 16, 2017, 03:17:31 AM
     #2249

    Of course it is, just virtual money. As we are moving to the future we are gonna be seeing that we will be in a cashless society.
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    November 16, 2017, 03:32:45 AM
     #2250

    yes bitcoin is a digital form of money mostly now a day’s people are doing shopping through the ATM of bitcoin and the online software’s can be purchased through this online currency, many of the property can be purchased through this digital currency

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    November 16, 2017, 04:23:02 AM
     #2251

    Yes, Bitcoin is a digital money that you can change it into real money with a high value. You can buy in any store through online. You can earn and invest here more money. Bitcoin has a fastest way to transfer money to another country.

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    November 16, 2017, 05:06:47 AM
     #2252

    I think bitcoin money is digital money,
    in other countries if you want to pay shopping can use bitcoin money ,,
    but if a country that can not make a payment with bitcoin ,, must go to the place of exchange of banknotes or money in force in that country.

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    November 16, 2017, 05:27:48 AM
     #2253

    Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
    It is just bitcoin is used in cyberspace and it has a real high value when it converts to money. It is the future currency in our world.
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    November 16, 2017, 06:25:09 AM
     #2254

    yes off course bitcoin is crypt currency and it can be easily changeable to any other currency and you can use bitcoin also some place but still bitcoin is not acceptable to most places but it is more probable that world will start payment in bitcoins but for now any one have can bitcoin he can easily change bitcoin through some local exchange and use this changeable money everywhere.
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    November 16, 2017, 07:01:45 AM
     #2255

    Yes ofcourse its a money you can buy many things in just one bitcoin and u can invest it for your business

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    November 16, 2017, 07:08:13 AM
     #2256

      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 agreed that Bitcoin is not a money, in real world. But in our time, Bitcoin has been used in many shops, in stores and also you will use it in different online shops. Bitcoin will call as an Internet currency and this is a legit cryptocurrency. If you will search for the definition of money in dictionary, mostly saying that "It is a thing that is used to buy something" And Bitcoin can do it. Indeed, I will say that in this millenial period, Bitcoin will treat as a money right now.

      nazimmamun
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      November 16, 2017, 07:35:27 AM
       #2257

      i think its like a gold .Some people don't think gold is money, and it might be quite difficult to convince them that BTC is.
      Gladz29
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      November 16, 2017, 07:37:15 AM
       #2258

      Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

      Bingo!
      Yes bitcoin is money, just wait for the near future the bitcoin is became centralized currency. and its easy to us to used bitcoin just like money.

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      mark_salcedo618
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      November 16, 2017, 07:39:30 AM
       #2259

      Bitcoin is a digital currency used to transact or purchase services and/ something that has a value. Same function and use of Paper/ metal money that is used to exchange of something. Good thing for Bitcoin because the value is changing due to indemand in market unlike tangible money that stays the value as it.
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      November 16, 2017, 08:18:10 AM
       #2260

      Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. ... The system is peer-to-peer, and transactions take place between users directly, without an intermediary.
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