alaeddine1azer
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October 22, 2017, 08:07:42 AM |
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Bitcoin is a currency..
The most significant difference between money and currency is that currency does not have consistent value. Currency is used as a representation of value that changes over time and varies from one country to the next.
Gold and silver are the only items that have served as money and represented fixed value throughout human history.
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Morphling
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October 22, 2017, 08:08:23 AM |
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in my opinion, bitcoin is not money but more than money, especially in the future when bitcoin been known by more and more people, and bitcoin can be used in more situations
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noorammak
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October 22, 2017, 08:18:30 AM |
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to my opinion, bitcoin can be both money and cryptocurrency, because we use bitcoin for trading and investing but we also use bitcoin to exchange into money to use in our daily life.
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yohan09
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October 22, 2017, 08:38:53 AM |
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Let me give you the idea what's the purpose of money and bitcoin, Would you agree if both are used to exchange stocks, are they used to covert goods and any stuffs? Precisely yes, in my own definition bitcoin is money because bitcoin and money have the same objective.  |
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ridho002
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October 22, 2017, 09:10:12 AM |
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If I think that bitcoin is a popular digital currency in the present, because with the bitcoin results many people who buy what they want and with bitcoin many who change their lives become all-well-off.
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Rudy_Third27
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October 22, 2017, 09:43:18 AM |
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Bitcoin money is a digital currency, Bitcoin is not in the form of money or coins that can obviously be converted into genuine money in your country in the future.
and there are many types of these bitcoins and I do not know how many these bitcoins are.
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eann014
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October 22, 2017, 10:29:49 AM
Last edit: October 22, 2017, 01:08:05 PM by eann014 |
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Yes it is. Money is anything widely accepted as a store of value, it exists in many forms such as currencies and commodities like dollars or gold. And since bitcoin is widely accepted currency so it is money.
Agree to this very clear explanation, since bitcoin can also accept as a payment, which is already a form of money. I can pay bills online because of bitcoin so it is also a form of money even if it is bitcoin as a 1st crypto-currency around the world. Bitcoin is can be use worldwide and easy to use. Bitcoin has a value which is now $6000. So I can consider bitcoin as money. |
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Vritesh
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October 22, 2017, 11:02:32 AM |
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Yes Bitcoin is a form of digital money that has a really bright future ahead. It provides us fast and cheap online transactions. Demand for Bitcoin is increasing among the people and one day it will be as popular as fiat money .
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DoublerHunter
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October 22, 2017, 12:00:07 PM |
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Yes it is. Money is anything widely accepted as a store of value, it exists in many forms such as currencies and commodities like dollars or gold. And since bitcoin is widely accepted currency so it is money.
Agree to this very clear explanation, since bitcoin can also accepted as a payment, that is already a form of a money. I can pay bills online because of bitcoin so it is also a form of money even if it is bitcoin as a 1st crypto-currencies around the world. Bitcoin is can be use worldwide and easy to use. Bitcoin has a value which is now $6000. So I can condiser bitcoin as a money. Bitcoin is the best form of money in the world for me because you can secure your money because bitcoin can be a safe haven for our money and that will help the people in preserving their money and because of bitcoin they can pay things easily without too much hassle. If we will compare bitcoin to the current money that we have, there is no doubt that bitcoin will win. |
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alevlaslo
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October 22, 2017, 05:50:52 PM |
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Key point: bitcoin is not money, but better than money, is a Fund to which each contributes according to his abilities, but takes according to his needs. It is not necessary to turn in the money, money is a tool to control the people, it is a pity that many do not understand, there is no need to interfere with bitcoin transactions may be long if the network is congested, this means that the Fund is in this moment under the load and we have to wait
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Sale the first NFT of the first foto
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ghost424
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October 22, 2017, 06:12:21 PM |
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Bitcoin is one type of cryptocurrency. And yes, bitcoin is one equivalent of electronic money. Bitcoin is very useful because it is easy to use and easy to understand on how to use it. Bitcoin's value is high and this is why people want it. The demand for bitcoin is still increasing because of the number of users is also increasing. Bitcoin is still in the process of expanding and that is development. It is also possible in the future that bitcoin will be legalized due to the importance of legality of stuffs that has high value.
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alevlaslo
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October 22, 2017, 06:15:12 PM |
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if the cryptocurrency will turn into money, then sooner or later its price will cease to grow, will be the like dollar, all new contributions the authorities will take away for themselves
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Sale the first NFT of the first foto
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Nissan-GTR
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The Exchange for EOS Community
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October 22, 2017, 06:19:44 PM |
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Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.
I think that's a good idea, well on my own perspective I think k bitcoin is money in the sense that we may acquire something from it that we can use essentially, and money is defined as exchange, it only comes that bitcoin is a medium of payment but the reality that it can give us profit we can already conclude that the is money for us to use. |
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alevlaslo
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October 22, 2017, 06:20:48 PM |
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Bitcoin is one type of cryptocurrency. And yes, bitcoin is one equivalent of electronic money. Bitcoin is very useful because it is easy to use and easy to understand on how to use it. Bitcoin's value is high and this is why people want it. The demand for bitcoin is still increasing because of the number of users is also increasing. Bitcoin is still in the process of expanding and that is development. It is also possible in the future that bitcoin will be legalized due to the importance of legality of stuffs that has high value.
original bitcoin is a threat to the banking system, people will stop using banks |
Sale the first NFT of the first foto
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anelenaniku
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October 22, 2017, 06:24:16 PM |
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Bitcoin has no any real value, a bitcoin is equal to 1. Wasted electric energy, in 2. a wasted hardware that tried to find a sha256 ... Basically bitcoin is a non sense thing...
Unlike gold, you can't use a bitcoin to make something out of it, doesn't have any real physical use or a real electronic use like ethereum.
So what is bitcoin? A pyramid like company.. The more people coming in , more the profit for the first who started the company...
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Bluestreet
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Merit: 1000
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October 22, 2017, 06:29:23 PM |
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Bitcoins is a new digital form of money. Money is now become old. Bitcoin makes a life easy. As it's is globally accepted. We can transfer our money from one country to another easily in form of bitcoins. Bitcoins enables us easy transactions and freed us from heavy taxes and interest and fees deducted by banks and transferring money portals. Bitcoin is now become an investment too, many people are investing in bitcoins. And since the birth of bitcoin in 2009 it's prices are skyrocketting. And it is may estimated that bitcoin price will be reaching you more and more high.
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alevlaslo
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October 22, 2017, 06:37:41 PM |
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The Fund should be, but money is evil, at the dawn of time people have cut down all the food that was free to sell his and have power over others thereby
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Sale the first NFT of the first foto
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alevlaslo
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October 22, 2017, 06:39:23 PM |
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Abundance is not beneficial to the rulers for the people, in this case, they will not be able to control them
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Sale the first NFT of the first foto
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alevlaslo
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October 22, 2017, 06:40:40 PM |
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Bitcoin is not money, bitcoin is higher than money
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Sale the first NFT of the first foto
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2girls
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Tontogether | Save Smart & Win Big
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October 22, 2017, 06:42:45 PM |
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Yes Bitcoin is a form of digital money that has a really bright future ahead. It provides us fast and cheap online transactions. Demand for Bitcoin is increasing among the people and one day it will be as popular as fiat money .
Money is money, whether digital or physical, as long as you can buy things from it and it is accepted as a valid form of acceptance in exchange of things, then it is money and bitcoin of course is real money, no second thoughts on this. |
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