Is Bitcoin money?

[PurpleGentleman]

I do not consider gold to be money.  You can't go and buy most goods and services with gold.  Gold is a commodity, dollars are money.

Dollars are currency, not money.  Money can be a currency and vice versa, but they are not quite the same thing and not entirely interchangable.  And fiat currencies are, by thier very definition, not money.  Gold, in our modern world, is still money even though it's no longer a currency.

Money is something (such as coins or bills) used as a way to pay for goods and services and to pay people for their work. Also something generally accepted as a medium of exchange, a measure of value, or a means of payment.

Currency is the quality or state of being used or accepted by many people or group of people.
Where did you get definitions? Or you just made it up?
If bitcoin checked out then period

Yes, how can i argue to this statement or definition. And i think this is from merriam. Haha, asking if bitcoin is considered as money is like asking "does wind real?". We can't see bitcoin or touch it but we can feel it and see what it can do to many lives including me. It can destroy or built, can touch but can't be. I think you get it.

I don't think anyone understands you but i think you mean that bitcoin is money i agree with you on that it is like having gold, gold is money but only if you sell it for money at the moment the price of the gold can become higher or lower.

[1714072030]

1714072030

[1714072030]

1714072030

[CriptoCreater]

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?

Dear friend!
I want to express my respect to you.

I fully agree with your position. I believe that bitcoi can find its place in the life of people. But for this we need to look at things soberly.

[LesterD]

Of course it is money. You can buy some pizza and other stuff )

you are actually right about that, bitcoin is money, you can buy everything you want if you have enough bitcoins. bitcoin become more valuable every day have past.

[katinko]

Its a big yes for me, bitcoin is money that we can used only in online transaction and bitcoin is not only a form of spending we can also earned money by working with crypto currency world. This is one of the best source of income nowadays lots of people get in touch in bitcoin because it has a possibility to be best currency in the future.

[JaredStein]

Bitcoin is money as long as people believe it to be money, but it also certainly is looking like the best form of money humans have ever seen in the form of sound money.

[monir34]

Bitcoin is not directly money, it's a virtual currency. On the other hand those country allow Bitcoin for buy sell there Bitcoin is money.
Because you can exchange money with Bitcoin from the bank. Finally you can say Bitcoin is a money.

[Hasbro27]

bitcoin in my opinion is not the same as money, because bitcoin can only be used if there is internet, and bitcoin is not physical like money. in my opinion bitocin can be said as new money and a very profitable investment.

[AjithBtc]

bitcoin in my opinion is not the same as money, because bitcoin can only be used if there is internet, and bitcoin is not physical like money. in my opinion bitocin can be said as new money and a very profitable investment.

Maybe it's not same as money, but this has the usage of being money. Only on the physical holding tendency as the paper cash it differs. Importantly it functions in a more effective manner Compared to the conventional banking. The major flaw is the security, which we can't provide 100% assurance for one's fund.

[Jingjing12345]

Yes, bitcoin is money. It is a type of currency. Anything you use for saving, spending, earning and exchange is money. It is a digital currency which can change the world's view in using money. Some uses of money that bitcoin do is; it can enable you to buy online products, spend, gamble and many more.

Yes, I agree with you. Bitcoin is money because it can be used to sell, or buy goods and services trough online. It is a digital currency. It can also be used as a term of payment on other businesses. In other country there is a hotel that accept bitcoin as payment. And other people are converting their bitcoins to cash to purchase things.

[akmittal]

Bitcoin is not money. Bitcoin is an asset whose monetary value is approximate $4000.
In future bitcoin may be used as money but it will take few years.

[Bren Briones]

Bitcoin is an evolutionary progress in the world currency. As the world evolves with technology, currency evolves too.
Soon, bitcoin shall be well known by the majority and will be the top crypto currency that people would use.

[kodes88]

No, I don't think so.
I think money is money and bitcoin is bitcoin. Money and bitcoin are two different things. Simply put, we can not buy money with money, but we can buy bitcoins with money. So bitcoin is a thing that has a price.

[carlisle1]

bitcoin in my opinion is not the same as money, because bitcoin can only be used if there is internet, and bitcoin is not physical like money. in my opinion bitocin can be said as new money and a very profitable investment.

its a currency based on what he can do online its accepted for payment transactions as long as the system adopts the process, I think
it will be the new way of payments after several years as we seen countries which also interested to create their own crypto currency.

[vvong]

Yes, ofcourse bitcoin is money, its our future currency.. Bitcoin is more than a gold. Brighter future for the next generation

[happyme1818]

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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[/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?

I consider bitcoin as money. I respect your opinion but at the end of the day,  you use it to pay your purchase online, you trade bitcoin with dollar or other currencies. Others  use it to buy luxury cars or travel abroad for vacation. Your financial status change because of bitcoin and yet in your opinion bitcoin is not money. Life is simple, don't make it too complicated. 

[DZU1410]

Yes, ofcourse bitcoin is money, its our future currency.. Bitcoin is more than a gold. Brighter future for the next generation

I agree that bitcoin is our future. But it seems to me that bitcoin is more than just money. This is the latest technology that can make our life much better

[megynacuna]

Yes, ofcourse bitcoin is money, its our future currency.. Bitcoin is more than a gold. Brighter future for the next generation

I agree that bitcoin is our future. But it seems to me that bitcoin is more than just money. This is the latest technology that can make our life much better

Of course it is a commodity just like gold as well as money that's why you are able to trade and invest in it for profit. You can also use it to transfer as a means of international money transfer processor which fiats or other currencies cannot.

[macartem]

Yeah i may say that bitcoin is also a money, because anything using in midium of exchange and services is money.

[Big Game]

I think bitcoin is money. We can buy for bitcoin, sell for bitcoin, change it to other currencies. Only unlike the dollar, we can not keep it in hand, only virtually.

[Christian13]

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.

I absolutely agree that bitcoin is a new kind of money and some people says that bitcoin is digital money and currency in which you could use in different kind of transactions. In addition to that, I think it will become our future money and currency and I do believe it would happen in the near future.