Is Bitcoin money?

[378budiman]

Bitcoin is the virtual currency. It has more in common with paypal than with dollars or with gold.

[shiv06]

Bitcoin has become one of the most affluent cryptocurrency in the word. BTC is digital cryptocurrency and can be exchanged of flat cash money. Those countries who normally have big volume of user like China may have a good development.

[The Cryptologist]

Yes it is and that is why it attracts a lot of people to invest in it because the return of profit is very lucrative. If some people only treat it as an asset then it is their own definition but as long as I can buy something using bitcoin with a specific amount then it is definitely money for me.

[racham02]

Bitcoin is a money in digital form a new type of money and can be exchangeable to fiat cash money,and  we use it to trade to something that we need and that we called us cryptocurrency  we trade using this bitcoin. and also we can be used us a money transfers in different remittance outlet or paypal.

[justspare]

Anything can be considered "money" if it has intrinsic value!  What gives something value.... what people are willing to pay for it.. Supply and demand.

Yes off course bitcoin is money and you can use it for your daily expanse you can also earn here as well as you can learn here a lot of things so this currencies is all in one and I think everyone need to join bitcoin and make your future bright and I think bitcoin is now a part of my life and I hope bitcoin will be more strong in future.

[Chienna]

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.

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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, bitcoin is a kind of money. It is money because you can earn it and buy whatever you want using bitcoin, Also it has a value where people can depend on. bitcoin is kind of money which ha a uniqueness because it is virtual which you can touch it or hold it. It is can see through online but still you can use it to buy things.

[priyankg3]

yes bitcoin is the cryptocurrency money.

[leex1528]

No, it is an investment that can be traded for money, so its worth money, it isn't money.  It is an odd thing because it does have potential to actual become currency or money but it isn't there yet.  What could make it change when larger companies start accepting Bitcoin as a method of payment, then it will be money.

[Alex_nutis]

Yes, bitcoin is money possessing liquidity, serving as a measure of the value of other goods and services. Bitcoin can, like the finest money, act as an intermediary in the exchange of some goods for others

[RedUkulele]

 Bitcoin has all of the listed functions. It is known that like a dollar that is divided into cents, Bitcoin is divided into virtual coins (satoshi). The transfer of digital money is carried out by sending from one electronic store to another

[nafez1]

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

[0kechuku]

i became a member of in a resources marketing campaign and personal camping yet it's small income but it can benefit you on your daily needs, theres lots of ways to make money here in bitcoin, i offer artist that will pay on bitcoin, i did previously commit bitcoin in bittrex my buddies said it had become a legitimate site that you can generate instant cash, gambling in satoshi miines but it's so risky if you dont have good fortune within your body and trading buy low and sell higher.

[Quinni]

Bitcoin can never be money, but bitcoin can be as gold as gold in the future, so bitcoin can be equal in some ways to money. look forward. Bitcoin will not let us down.

[UchihaRukawa]

I think it can be considered as a money since you can exchange it into real cash, so I guess we can call it online money. The good thing about it is that, we can actually use it to buy online or make online payments, which is more convinient and easier for everyone. Now it is called online momey but in the future I think it is gonna be known as the money.

[tukangbrowsing]

Basically if you see one side, bitcoin is a virtual moeny over internet to be a payment method, but in other hand, i think a currencies is called money if it had a real physics taht you can touch or throw it some where like coin etc

[378budiman]

if PayPal starts allowing Bitcoin transactions. they will treat bitcoin as Currency. If you like it, call it as a commodity.

[STERLING98333]

Yeah you can call it as international crypto currency....it has to be converted into traditional money and then we can use it to buy liabilities or assets..

[Harriti]

i became a member of in a resources marketing campaign and personal camping yet it's small income but it can benefit you on your daily needs, theres lots of ways to make money here in bitcoin, i offer artist that will pay on bitcoin, i did previously commit bitcoin in bittrex my buddies said it had become a legitimate site that you can generate instant cash, gambling in satoshi miines but it's so risky if you dont have good fortune within your body and trading buy low and sell higher.

I'm not a smart person but I have much time for working, so I decided to working in bounty campaign and this my good place to make money, though this field doesn't give me much money like others.

Note: We are discussing about the definition of Bitcoin. You are mistaken to say about the method can make money through Bitcoin, lol.

[ps]

Bitcoin was created to be a currency peer to peer digital  currency.

[eCrypto]

Bitcoin is more than money