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NoNetwork
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September 10, 2017, 03:59:37 PM |
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The type of each currency is quite the same, but the existence, not so much. Also there are so many things that differ cryptos to Fiats don't you think? There are still few countries that have accepted Bitcoin as means of payment so for sure you could say that they have the aspects as Fiats, but also consider also that there are still many things that can not be covered by Bitcoin, especially in the governments premises.
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"You Asked For Change, We Gave You Coins" -- casascius
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Turiettly
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Activity: 56
Merit: 0
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September 10, 2017, 04:44:41 PM |
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Cash performs many features. They are utilised not only as payment. For common men and women, they are deemed only as payment. For the economic system of the country - this is an essential resource. Bitcoin does not have the features of supporting the economy. Therefore, it can not be referred to as complete-fledged cash in the feeling that exists now
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d1ceplayer
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September 11, 2017, 11:37:14 AM |
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Bitcoin is intended to be used as money. The extent to which it differs from the various definitions of money is primarily due to its unpopularity and lack of government sanction, which in my opinion should not matter when speaking about it as "money."
Yes, there is no harm if we consider that bitcoin is the same as the money will be different but the shape is called a digital currency. If the money we can use in the real world and directly but if bitcoin it could only be used in the internet world. but in the end it also endowed a bitcoin can we use to help our real life needs. with bitcoin we can make money is useful in the future. #1397 yes I am agree with you that bit coin has ` been defined by different people in different angles but I like your one’s that bitcoin is a transactional tool which can be converted to any local currency and can be used in online buying,selling etc I also like bitcoin because it has converted the life of so many people from poverty to wealthy lifestyle. |
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Bastime
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September 11, 2017, 11:48:20 AM |
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Money is an option for trading and exchanging items to both parties and so as BTC. It is a money in all aspects as you convert into in both ways.
Yes, BTC is money
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Chrystora123
Full Member
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Activity: 1414
Merit: 228
Omicron is another FUD
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September 11, 2017, 11:54:25 AM |
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i think Bitcoin is not money, but Bitcoin is a new way to earn money, like we plant rice and then we sell to earn money, gold mining then we sell to earn money, and that's how we are today, looking for bitcoin and then sold for money , i think so
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Bastime
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September 11, 2017, 11:59:29 AM |
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I think better than money, even better than gold. this is because the price or bitcoin value continues to increase, then it is time we invest our money into bitcoin because it proved very profitable.
I don't agree if you strongly conclude that BTC is better than Gold. The Gold value will rise together with money. If ever the world don't use money anymore but Gold is Gold, "precious than knowledge" as they say. |
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wilwxk
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September 11, 2017, 12:06:57 PM |
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i think Bitcoin is not money, but Bitcoin is a new way to earn money, like we plant rice and then we sell to earn money, gold mining then we sell to earn money, and that's how we are today, looking for bitcoin and then sold for money , i think so
But we already have shops where accept bitcoins, and if we have a real use and adoption of this, we can say we have a new currency there, and i agrre with you in the part where the most of peoples buy bitcoin only for sell later to make profit, but is not everyone. |
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bitcoinrun321
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Activity: 2
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September 11, 2017, 12:08:04 PM |
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What if I can’t fully wrap my brain around cryptocurrencies like bitcoin and ether?
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kiddeon123
Full Member
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Activity: 291
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https://icoenergy.org/
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September 11, 2017, 12:22:36 PM |
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By definition, money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular 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, sometimes, a standard of deferred payment. Any item or verifiable record that fulfills these functions can be considered as money( https://en.wikipedia.org/wiki/Money). With the given definition above I can say that bitcoin is money, it satisfies all the functions which state that a money should posses. |
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NoNetwork
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September 11, 2017, 03:52:11 PM |
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i think Bitcoin is not money, but Bitcoin is a new way to earn money, like we plant rice and then we sell to earn money, gold mining then we sell to earn money, and that's how we are today, looking for bitcoin and then sold for money , i think so
For God's sake mate, do you even realized why Bitcoin belonged as one of the cryptocurrencies? Because it is money, a different kind of money, a digital money to be precise. Digitally speaking, Bitcoin is like data that is being gathered in order to make reliable information, we mine it and can be earned by using different platforms. As we gather these data we combine all sorts of data and create an information, now that is profit. As we go on and learn how to make information we make that information somehow be readable by the users, so we convert that information and become the graphical user interface or what we called money. And as we are using that GUI - since it is understandable by the users the transactions will be easier for them. |
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followmenot
Sr. Member
Offline
Activity: 533
Merit: 251
Streamity Decentralized cryptocurrency exchange
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September 11, 2017, 04:03:56 PM |
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Yes its pretty much accepted as money by huge community. It has fundamentals of money and its effective by that cause of fixed supply.
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Shahriar23
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September 11, 2017, 04:26:37 PM |
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bitcoin is money and It has a lot of features.We can use bitcoin more than for payment. also we can reap the benefits of it.
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Mr
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September 11, 2017, 05:22:21 PM |
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bitcoin is money and It has a lot of features.We can use bitcoin more than for payment. also we can reap the benefits of it.
Yeah but right now, I do not see many people spending their bitcoin for goods or for online payment. The price of bitcoin is too high which force them to hold their bitcoin instead of spending it. It is not a good idea anymore because if this continues to happen, bitcoin will no longer a type of money. It will certainly become a type of investment |
None of the above
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smsupto
Jr. Member
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Activity: 53
Merit: 10
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September 11, 2017, 05:41:10 PM |
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Yes, I think Bitcoin is money but online money.
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▬▬ Tennis ACE Token Sale ● SEPT 10th, 2017 ▬▬ (https://bit.ly/2xYft9X) |
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djselery
Legendary
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Activity: 1386
Merit: 1001
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September 11, 2017, 05:47:00 PM |
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Yes, Bitcoin is clearly money and nothing but money. We can use Bitcoin as real currency to buy things and sell them online and many governments started accepting as payment method offline as well. I don't see any difference between Bitcoin and fiat or the other used currencies, so it is for sure money.
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Michael_Gims
Newbie
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Activity: 28
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September 11, 2017, 09:36:51 PM |
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It is the money of internet.
Regulators may consider Bitcoin is just an asset, a commodity or a securities, but all theses can be used as money, so there's a very little difference.
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Joriecoinbit
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September 11, 2017, 10:01:49 PM |
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It is the money of internet.
Regulators may consider Bitcoin is just an asset, a commodity or a securities, but all theses can be used as money, so there's a very little difference.
By means of transaction, no doubt that bitcoin is already a money for us who uses and enjoys it. We can't consider a thing if it doesn't have a value or price but because bitcoin does have high value and price, it is very considerable that bitcoin is money. And not just a money for us but also it's an investment. |
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winterland
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September 11, 2017, 11:36:06 PM |
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Yes, it is. I already tested. I charged my cellphone with bitcoins, and everything ran well.  I think the main threat in considering bitcoin real money is its comparison with easy money or money that is used for smuggling. But in the end bitcoin always has an associated value. And it is also determined by demand and supply. Regards. You can do a lot more than that with bitcoin, you can pay your bills and the last time I read, it seems there was the possibility of paying your taxes in some places with it, so bitcoin is slowly making its way into the economic system. |
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taxmanmt5
Legendary
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Activity: 1190
Merit: 1024
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September 14, 2017, 02:46:45 AM |
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Court records are public access and you should have tried there first. Florida court declared that Bitcoin is a commodity and that was almost two years ago. It is all over the place and not hard to find. This is the key to making money, research and the ability to find information without help. Bitcoin can be seen as money or a tool to make money.
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sumonrud
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September 14, 2017, 04:08:19 AM |
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Everybody know that Bitcoin is Digital currency / online currency and it has no any visual figure. bitcoin and money is not some. I think that bitcoins are not money but money and currency are not quite the same thing just verified network. it is not control bank or government. Bitcoin is something radically new and bitcoin has many more nice features and more advantages and can be traded more easily.
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