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Author Topic: Is Bitcoin money?  (Read 110598 times)
Jewell
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April 16, 2017, 04:35:22 PM
 #481

Nowadays we do not use paper money anymore. We do all our shopping online. We do not need paper money for clothes, food, etc.
Payment systems are constantly changing. Bitcoin is the result of this change.
So Bitcoin is a real payment system. Yes bitcoin is a money.
but i do not think that still there any place in the world where people are totally depending on online currency and not sing paper money at all. although there are some places where people are using bitcoin as optional but not totally depending on it for living.
i also think so that there may not be a single place where people are totally depending on bitcoin, and where there is no use of fiat, to me i think in most of the area people are using bitcoin as an optional with fiat and they mostly depend on fiat for living. i think it will still take some more time when people will start using bitcoin instead of fiat.
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April 16, 2017, 04:53:15 PM
 #482

Nowadays we do not use paper money anymore. We do all our shopping online. We do not need paper money for clothes, food, etc.
Payment systems are constantly changing. Bitcoin is the result of this change.
So Bitcoin is a real payment system. Yes bitcoin is a money.

I do not know where did you get this information but this is not entirely true. I cannot even give a single country that do not use fiat anymore.

Fiat money is still the mostly used type of money across the globe. It is being used every minute for payment. You claim that digital money is the only money being used and you even neglect the fact that digital money, at any point, did not surpass fiat at all.

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April 16, 2017, 10:29:12 PM
 #483

There's almost no one in the first three pages of this thread that still comes to this forum and the OP is a scammer that hacked an account that went active after 6 years. Hell, these people probably don't have anything to do with Bitcoin anymore. I think FreeMoney is in jail. Moonshadow is a scammer. Andresen isn't a dev now. hugolp is a scammer. Kiba hasn't been here since 2016. You may as well be answering the question of a dead man.

Yes, Bitcoin is money. There you have your answer. Start a new thread.

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April 16, 2017, 10:41:17 PM
 #484

Nowadays we do not use paper money anymore. We do all our shopping online. We do not need paper money for clothes, food, etc.
Payment systems are constantly changing. Bitcoin is the result of this change.
So Bitcoin is a real payment system. Yes bitcoin is a money.
but i do not think that still there any place in the world where people are totally depending on online currency and not sing paper money at all. although there are some places where people are using bitcoin as optional but not totally depending on it for living.
Yes the use of bitcoin is an option for to use as money so it is the proof that yes bitcoin is a money if there was not any chance for it to be used as payment then we would then tell that bitcoin is not a money but now it is proved that bitcoin is a money.

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April 16, 2017, 11:37:33 PM
 #485

Nowadays we do not use paper money anymore. We do all our shopping online. We do not need paper money for clothes, food, etc.
Payment systems are constantly changing. Bitcoin is the result of this change.
So Bitcoin is a real payment system. Yes bitcoin is a money.
but i do not think that still there any place in the world where people are totally depending on online currency and not sing paper money at all. although there are some places where people are using bitcoin as optional but not totally depending on it for living.
although it is a fact that still bitcoin cannot be use as currency in all over the world and in very few places it can use use directly for shopping but we are still hopeful and very soon we will also be able to use bitcoin for shopping in our locla shops.
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April 17, 2017, 02:06:20 AM
 #486

Nowadays we do not use paper money anymore. We do all our shopping online. We do not need paper money for clothes, food, etc.
Payment systems are constantly changing. Bitcoin is the result of this change.
So Bitcoin is a real payment system. Yes bitcoin is a money.


It is possible that some bitcoin states can be categorized as money because they have functions as official payments, but not for people living in states that prohibit the use of bitcoins.


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April 17, 2017, 02:20:53 AM
 #487

Nowadays we do not use paper money anymore. We do all our shopping online. We do not need paper money for clothes, food, etc.
Payment systems are constantly changing. Bitcoin is the result of this change.
So Bitcoin is a real payment system. Yes bitcoin is a money.


It is possible that some bitcoin states can be categorized as money because they have functions as official payments, but not for people living in states that prohibit the use of bitcoins.

Prohibits the use but still it is money when you got out of that country. If you are a buyer then lose your bitcoin in trading you will feel it. The feeling of getting hurt when you lose your money is the same. I think because some works for freebies that is why they cant say it is money. Hard earned fiat converted to bitcoin is the reason some of us get here and still that is happening.
Same also when buying gold. You invested your fiat in it and even saved money just to buy it. If we all know that then we wont be saying things like bitcoin is not really money.

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April 17, 2017, 05:57:47 AM
 #488

There's almost no one in the first three pages of this thread that still comes to this forum and the OP is a scammer that hacked an account that went active after 6 years. Hell, these people probably don't have anything to do with Bitcoin anymore. I think FreeMoney is in jail. Moonshadow is a scammer. Andresen isn't a dev now. hugolp is a scammer. Kiba hasn't been here since 2016. You may as well be answering the question of a dead man.

Yes, Bitcoin is money. There you have your answer. Start a new thread

Well, at least, theymos is still sticking around

Regarding the question itself, people are still debating over what is money as such (let alone whether Bitcoin is money), so you couldn't expect that everyone would agree that Bitcoin is money. For example, I could easily claim that to be money something should be actually used as money (and not just possess the qualities required for it). Since Bitcoin is mostly used as a vehicle for speculation nowadays, it is nowhere near being full-fledged money

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April 17, 2017, 06:40:46 AM
 #489

Nowadays we do not use paper money anymore. We do all our shopping online. We do not need paper money for clothes, food, etc.
Payment systems are constantly changing. Bitcoin is the result of this change.
So Bitcoin is a real payment system. Yes bitcoin is a money.
you cannot deny the importance of paper money i think it is much more important than bitcoin or any other crypto currency. yes the online shopping is pretty popular but i think the importance of real money in daily life is not denyable. most of the people are using real money instead of bitcoin for the online shopping. they are unaware of anything like this. yes bitcoin is a new concept but i think it will take time to be popular.

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April 17, 2017, 06:48:27 AM
 #490

Nowadays we do not use paper money anymore. We do all our shopping online. We do not need paper money for clothes, food, etc.
Payment systems are constantly changing. Bitcoin is the result of this change.
So Bitcoin is a real payment system. Yes bitcoin is a money.
you cannot deny the importance of paper money i think it is much more important than bitcoin or any other crypto currency. yes the online shopping is pretty popular but i think the importance of real money in daily life is not denyable. most of the people are using real money instead of bitcoin for the online shopping. they are unaware of anything like this. yes bitcoin is a new concept but i think it will take time to be popular.

Over half of the human population on this earth there is a set of people who are still unable to use the technology correctly, the most basic thing that they use is for paper money and coins, I agree with you about bitcoin is the currency that is highly prospective, but the balance the world economy still need to be using real money.

Until now I am still optimistic about the development of the paper wallet, and even tend to be in the future we use metal coins wrapped in gold and silver also for bitcoin.

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April 17, 2017, 06:57:54 AM
 #491

Nowadays we do not use paper money anymore. We do all our shopping online. We do not need paper money for clothes, food, etc.
Payment systems are constantly changing. Bitcoin is the result of this change.
So Bitcoin is a real payment system. Yes bitcoin is a money.
you cannot deny the importance of paper money i think it is much more important than bitcoin or any other crypto currency. yes the online shopping is pretty popular but i think the importance of real money in daily life is not denyable. most of the people are using real money instead of bitcoin for the online shopping. they are unaware of anything like this. yes bitcoin is a new concept but i think it will take time to be popular.

Over half of the human population on this earth there is a set of people who are still unable to use the technology correctly, the most basic thing that they use is for paper money and coins, I agree with you about bitcoin is the currency that is highly prospective, but the balance the world economy still need to be using real money.

Until now I am still optimistic about the development of the paper wallet, and even tend to be in the future we use metal coins wrapped in gold and silver also for bitcoin.
I don't see there will be some paper money for bitcoin, I still want it to be an online currency and I do believe we
do not have the power to do that. The government has their own money depending on what country your are living
and that is the only one that will be recognize as legal currency.


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April 17, 2017, 07:02:56 AM
 #492

Bitcoin is an additional currency in many countries. Paper money is mainly used where there are problems with electricity or the Internet in less developed countries.
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April 17, 2017, 08:09:54 AM
 #493

Bitcoin is an additional currency in many countries. Paper money is mainly used where there are problems with electricity or the Internet in less developed countries.
If People more like bitcoin, probably someday bitcoin will be mainly used for daily life although Government is ban it. the price of bitcoin is tend to rise so many people pretend it such as investment too.

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April 17, 2017, 08:19:04 AM
 #494

Bitcoin is an additional currency in many countries. Paper money is mainly used where there are problems with electricity or the Internet in less developed countries.
They can actually co exist with each other, they do have different functions as paper money is centralized and produce by central bank.
Bitcoin is online currency but it is money for us but it will never be as popular as paper money.

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April 17, 2017, 08:20:26 AM
 #495

Bitcoin is money, and virtual money, which is the future of currency. I believe in btc.
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April 17, 2017, 08:32:23 AM
 #496

Just keep on believing with bitcoin and you will gain more money, it is the money of internet and the future money indeed. Users, earners or anybody else that treats BTC as money are just thinking practically.
Yeah it may not be popular as paper money but is already popular virtually and currently using of the entire globe.

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April 17, 2017, 08:40:43 AM
 #497

Just keep on believing with bitcoin and you will gain more money, it is the money of internet and the future money indeed. Users, earners or anybody else that treats BTC as money are just thinking practically.
Yeah it may not be popular as paper money but is already popular virtually and currently using of the entire globe.
Bitcoin is getting more and more popularity for this past few months and that is a good sign for bitcoin that it is gaining trust and building reputation in the market. I believe that bitcoin will become one of the most popular and most expensive currency around the globe when the people starts using it and if all the country adopted it then bitcoin will become or treated just like the paper money.

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April 17, 2017, 09:01:41 AM
 #498

I think bitcoin currency of future, as a digital currency that has a higher value than real currency, and has a function that is equivalent to official currency
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April 17, 2017, 09:19:28 AM
 #499

Just keep on believing with bitcoin and you will gain more money, it is the money of internet and the future money indeed. Users, earners or anybody else that treats BTC as money are just thinking practically.
Yeah it may not be popular as paper money but is already popular virtually and currently using of the entire globe.
I am not sure bitcoin is future money because until now not accepted by the government, i think bitcoin always like that, go up and down same like another commodities such as bronze, gold, stocks and many more.


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April 17, 2017, 09:53:22 AM
 #500

Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
I agreed on this matter, as long as bitcoin being used as payment in online it is considered as money like usd, euro and ¥ which means it shows bitcoin is like a real currency/money.

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