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skyline247
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August 25, 2017, 09:20:45 PM |
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Bitcoin is more than money. It is virtual gold. It is a valuable commodity. It should be on the new channels when they run financial markets.
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Yarsk
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August 25, 2017, 09:27:43 PM |
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Bitcoin is not money until it been converted to your local paper currency.
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winterland
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August 25, 2017, 10:23:26 PM |
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Bitcoin could be called both as money and commodity.
Since people invest in bitcoins with the idea of getting more returns,it could be considered as a commodity.
But at the same time,bitcoin could be used for buying goods and could be easily transferred like currrency.Hence,bitcoin could also be considered as money.
Bitcoin is both but since satoshi created bitcoin with the purpose of being a currency then I think that is the way we should consider it. |
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mobilestrike
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August 25, 2017, 10:47:21 PM |
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Bitcoin is better than money. Its a way for us to take control of our money without any government or third party involvement.
Yes you are right. This is something superior to money. For many people it is the reason they can earn money. And I am one of them. Bitcoin is not just a money it is better than that. Money cannot be controlled easily but through bitcoin we can have control over our money. So the thing that keeps safe is always better than that to be kept safe. |
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DoublerHunter
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August 26, 2017, 01:00:33 AM |
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Bitcoin could be called both as money and commodity.
Since people invest in bitcoins with the idea of getting more returns,it could be considered as a commodity.
But at the same time,bitcoin could be used for buying goods and could be easily transferred like currrency.Hence,bitcoin could also be considered as money.
Bitcoin is both but since satoshi created bitcoin with the purpose of being a currency then I think that is the way we should consider it. Satoshi created bitcoin because he is so done with the problems of our fiat money and using bitcoin we can benefit the decentralization of it and we can be our own bank without worrying for the government or any organization that can interfere us from using it on anywhere we want. Bitcoin is freedom and the solution for the inflation and that is why it is the best money right now. |
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bebejhen
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August 26, 2017, 01:32:52 AM |
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If we will answer this question literally I don't think that bitcoin is already counted as a money unless you turn it into cash. I don't think that there's existing bills or coins of bitcoin. It is just a tool like gold that you can changed to money. Yen, dollar, real, peso, etcetera.. Those are what I consider as money. Money should be tangible.
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kuryadi
Full Member
 Offline
Activity: 182
Merit: 100
Buglab.io
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August 26, 2017, 01:39:37 AM |
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I agree with you bitcoin is a digital currency beyond fiat money .. bitcoin you can use for various purposes transactions easily, fast without third party .. bitcoin also you can use a good inbestasin means .. if you want to benefit from bitcoin Amda just need to save the coin. The longer you save you will get many benefits. Bitcoin has increased in price from time to time .. should immediately buy bitcoin for your investment.
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riffaz
Full Member
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Activity: 148
Merit: 100
eCommerce Web Developer & Customer Support -remote
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August 26, 2017, 03:16:17 AM |
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Better than money.
Money does not grow.
BTC grows in time.
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Razick
Legendary
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Activity: 1330
Merit: 1003
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August 26, 2017, 03:22:08 AM |
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Better than money.
Money does not grow.
BTC grows in time.
Bitcoin only grows for a limited time. The settings are currently that in the year 2021, the final Bitcoin will be mined. Keep in mind, however, it could happen far earlier or later in fact - there is no way to know for sure. It depends on how fast computer technology evolves. For example, if quantum computing is developed enough by that point to mine Bitcoin then it could all be mined within just a few decades or even less. hahaha |
ACCOUNT RECOVERED 4/27/2020. Account was previously hacked sometime in 2017. Posts between 12/31/2016 and 4/27/2020 are NOT LEGITIMATE.
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bxipp
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August 26, 2017, 03:29:33 AM |
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bitcoin will always grow as you can see currently. real money also grow but not like bitcoin. the fact money held government. bitcoin held by community demand. bitcoin can be use for real money and buy stuff in the internet. it has value to buy and sell. even can trade to real money if you want too. so yeah bitcoin is a money that can be use for real life to buy and sell something.what is better. bitcoin still grow and grow to a very expensive coin in the world.
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jostorres
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August 29, 2017, 11:41:57 AM |
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bitcoin will always grow as you can see currently. real money also grow but not like bitcoin. the fact money held government. bitcoin held by community demand. bitcoin can be use for real money and buy stuff in the internet. it has value to buy and sell. even can trade to real money if you want too. so yeah bitcoin is a money that can be use for real life to buy and sell something.what is better. bitcoin still grow and grow to a very expensive coin in the world.
Bitcoin is the public asset, our money. It has freed our earning from the claws of governments and this is why it has become my darling now. Though I can not avail all of the local services with bitcoins but at least I have not to worry about fiat transactions when I am shopping online. It has made my life a lot easier. |
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Rishabh riyz
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August 29, 2017, 12:00:33 PM |
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If we will answer this question literally I don't think that bitcoin is already counted as a money unless you turn it into cash. I don't think that there's existing bills or coins of bitcoin. It is just a tool like gold that you can changed to money. Yen, dollar, real, peso, etcetera.. Those are what I consider as money. Money should be tangible.
Basically all U are are trying to say is that Bitcoin is just an asset like gold not a currency, Well I would like you to tell that many companies started accepting bitcoins , many traders started accepting bitcoins , steam accepts bitcoins . People do transaction with Bitcoin so that makes bitcoins a currency. With growing acceptance at this rate , we are not far enough to see the day when bitcoins would be officially accepted by every nation as a digital crypto currency |
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eann014
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August 29, 2017, 12:21:47 PM |
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Yes! Bitcoin is definitely money. We can trade it, sell it, deposit it and gain a lot of profit from holding on to Bitcoin. The very best part is that we can sell Bitcoin by converting it into cash then withdrawing to our bank accounts.
That's true, that's why bitcoin is also a money, bitcoin can also buy things that what we wanted online and it is easy to convert into fiat, just like when you want to convert a dollar into some other currencies. We can convert it and deposit it into our bank accounts.  |
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Insanerman
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August 29, 2017, 12:40:13 PM |
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Bitcoin is more than money. It is virtual gold. It is a valuable commodity. It should be on the new channels when they run financial markets.
Yes it is a virtual currency and technically it is a cryptocurrency. It behaves like currency but most people consider it as an investment because it rises its value through time. |
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Semar Mesem
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August 29, 2017, 01:45:34 PM |
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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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Nanda Dewi277
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August 29, 2017, 02:18:23 PM |
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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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Colt81
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August 29, 2017, 02:21:34 PM |
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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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d4z
Newbie
Offline
Activity: 35
Merit: 0
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August 29, 2017, 02:22:05 PM |
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I can only agree to what the last guys are saying imo :-)
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kpcian
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August 29, 2017, 04:25:53 PM |
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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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Sifat33
Sr. Member
Offline
Activity: 283
Merit: 250
Honesty is the best policy
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August 29, 2017, 06:31:23 PM |
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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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