Is Bitcoin money?

[retnoanjani]

The fiat money we use as money or the current means of exchange is actually a blank check that has no intrinsic value. so, according to your explanation, then I think bitcoin is not money, but currency.

[Bellator]

Anything that is invested is money. Bitcoin, like gold, is money. Invest now to become rich 

Yes! bitcoin is money but an electronics money that you can use it to buy online goods and gadgets and etc., and can be converted into a real money and for me bitcoin is better than a physical money because of its high value in cryptocurrency circulation and faster transaction in our digital world.

[MineMax]

Bitcoin is a crypto currency, you can consider it income to a particular extent, but at the finish of the working day it truly is not True money, it's a lot more some thing you commit in which can make you generate real income. Investing in crypto currencies is like buying one thing fairly low cost and reselling it to make revenue in my opinion.

[Greenrace]

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.

bitcoin is an item of value, for now it can not be compared just like money though it can be a medium of exchange but an indirect means of exchange. to use bitcoins should still be changed first in the applicable money

[The Alchemlst]

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

or to be specific a currency, in which it belongs to a certain system that is being circulated for trading and purchasing of products or goods. So technically Bitcoin is a money or to be exact, online cash it just different from the typical currency we use but the society and market is changing in favor of  bitcoins playing field.

[NoNetwork]

Anything that is invested is money. Bitcoin, like gold, is money. Invest now to become rich 

I have a question though, does money and currency differ to each other, I mean they are very similar.

If it is then, why do you treat Bitcoin just like a good or a digital good like gold? If Bitcoin is only available on the entire world then you would also admit that this is money and not a good. Because we could use in a daily basis.

[Anies_Sandi]

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.

bitcoin is an item of value, for now it can not be compared just like money though it can be a medium of exchange but an indirect means of exchange. to use bitcoins should still be changed first in the applicable money

indeed bitcoin is not comparable to money, but bitcoin is in the form of digital money that can be converted into real money, which can be used transactions.
now also have started many stores that provide a transaction using bitcoin.

[Bessta]

Yes,  a form of  digital public money, electronic currency, electricity converted into strings of code that has money value.

[MMS2017]

When you buy something through the accepted medium that is money. Bitcoin is also a type of money like paper money or coin money it is also trading everywhere in the world even many atm machines are operating for withdrawals of this currency. Bitcoin is a digital currency which is attached with the internet and if there is internet you can use your money

[An0nyMoose]

Of course Bitcoin is money. Money is just a ledger that keeps track of debt. Since that's the case Bitcoin is the best form of money we have ever seen thanks partly to the immutable public ledger, the blockchain.

[oracleongoodbye]

bitcoins are just like shells or furs in ancient times - of course they are not banknotes or coins, but it's money, because they have all the functions of money

[Visbay]

Anything that is invested is money. Bitcoin, like gold, is money. Invest now to become rich 

Yes I agree with you because through bitcoin you can buy things you can also use it for investment and you can also use it for daily trade so I thing these examples are enough to prove it that bitcoin is a currency because from things you can buy any things and it’s only the money when you will spend it you can buy any thins and bitcoin is also a money.

[Mazda17]

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

yes that's right and I agree with your opinion.
Everything that can be used as a medium of exchange into money.

[Sang04]

Yes it can be money if you convert it to your currency that's why bitcoin is a money. In fact, this is is crytocurrency.

[Shivasenap]

yes bitcoin is money.It is a digital currency and has value.Any currency which has value is called money.hope it is clear for you.

[Botnake]

Yes it can be money if you convert it to your currency that's why bitcoin is a money. In fact, this is is crytocurrency.

Though it's not a real money like fiat but the fact that bitcoin has a value it can be called as money.
I would love to have a lot of bitcoin and I will surely become rich, this is not a regular money because by holding it as an investment
we can expect the value will grow.

[jzale]

I view bitcoin as more than that. It is more than money. I view it as an asset that has a big potential and various uses. Though basically bitcoin = money. People want to have bitcoin because it is equivalent to money.

[Dava.Dina]

I think bitcoin is not money, but currency. Bitcoin is a crypto currency,
You can think of it as revenue to some extent,
When you buy something through the medium of money received.

Bitcoin is also a kind of money like paper money or coins are also in the trade everywhere in the world there are even many atm machines that operate for the withdrawal of these currencies.
Bitcoin is a digital currency attached to the internet and if there is internet you can use your money

As long as people appreciate and are willing to exchange goods and services for it, and meet certain criteria, divisions, feasibility, scarcity, which do occur. it is money.
Yes, bitcoin is money, digital or virtual money and operates using blockchain technology, which is an innovation that will benefit mankind that goes far beyond cryptographic applications.

[plucking23]

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.

[links omitted]
[/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?

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.  so its money but not tangible enough
but it source of money

[phuongthao97]

i think bitcoin will be money because bitcoin can be change money . Money can be simply bought that things . if bitcoin do not buy things , bitcoin will not be money . if you have so much bitcoin  , you will have so much money