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Author Topic: Is Bitcoin money?  (Read 112095 times)
4U
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January 14, 2018, 03:01:26 PM
 #2841

You have said it all. Bitcoin is money that is encrypted to ensure that it gets to its intended destination without human or system interruptions. By the encryption, it is safer than cash. Note that millions of dollars can be moved across the continents in minutes, though not these days.
It’s a money but this money is totally different than any other currency its price is very high and its transitions are also very fast it work same like paper money you can buy things such as food, clothes and I also pay all my bills it’s now very valuable even banks are also accepting bitcoin and as I said that it’s a money same it’s also an asset because bitcoin can also help you in your future so bitcoin is best of the best.
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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January 14, 2018, 03:08:48 PM
 #2842

an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with the open source software that he designed, and also uses a peer-to-peer network without centralized storage or a single administrator where the US Treasury calls the bitcoin of a decentralized currency
 
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January 14, 2018, 03:22:07 PM
 #2843

I think bitcoin can be consider as half money and half not. For me the real money is something that you can touch and can be use for payment, for transaction and others but bitcoin can also be use as payment on some country the only thing is that it cannot be touch. Bitcoin can be said as money because it has exchanges but gold has also exchanges. All I could say is, it was really hard to determine.

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January 14, 2018, 03:24:38 PM
 #2844

In my opinion, Bitcoin is an innovative payment network and a new kind of money, some people call it a new form of virtual currency and they have lauded it as a new type of payment system. But what i have call it might not much matter in casual conversation, but how it is categorized does have significant implications when it comes to regulation. So if it is “money” or “currency,” then existing laws and regulations may apply to businesses and consumers who issue, sell, or transact with Bitcoin.
eshak15
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January 14, 2018, 03:27:40 PM
 #2845

I think bitcoin is one kind of money. It convert in money when some one need.Bitcoin is one kind of earning source. It gives valuable price.so I thik bitcoin is one kind of money.
Ronel Magracia
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January 14, 2018, 03:32:04 PM
 #2846

Everything that could you exchange for something is called money not ohter way that we know the common money ussually example gold that we called money in other way
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January 14, 2018, 03:36:33 PM
 #2847

Anything that can be used as mode of payment or ways of exchange for you to buy your need or wants goods and services can be considered as money.

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January 14, 2018, 03:39:53 PM
 #2848

I absolutely agree that bitcoin is not money in the concept in which we are accustomed to money (paper) and therefore I can say with confidence that bitcoin is more of an asset that brings a certain profit as a crypt, which can then be exchanged for fiat.
Daniya
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January 14, 2018, 03:45:48 PM
 #2849

Of course bitcoin is money why? Money is not like we think that we can buy something if you change the bitcoin to our money and that become a money.
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January 14, 2018, 05:16:32 PM
 #2850


Bitcoin is a new type of asset that is presented only as records in a distributed database (blockchain) with the guarantee of unchangeability (protection against forgery of records), transparent to all users and partially anonymous. In fact, this is a new form of world money, part of the "new economy" of the future.
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January 14, 2018, 05:46:52 PM
 #2851

 a cryptocurrency and worldwide payment system.3 It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary.4 These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009
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January 14, 2018, 05:57:50 PM
 #2852

Yes i still believe that whatever somebody use in exchange of goods and services stands as money do matter the logic.
So i am strongly says that bitcoin is a part  of currency as it is used of purchase of goods and services.
Bitcoin is not ordinary coin or paper it is a money till thy kingdom come.
ramini
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January 14, 2018, 06:04:22 PM
 #2853

Bitcoin is something depending on how and what you use it for. If you use bitcoin to buy or in exchange of product or any items, then it is considered money, a virtual money. Just like fiat, it has currency, bitcoin is a crypto currency and it has value just like money and national currencies do.

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January 14, 2018, 06:04:22 PM
 #2854

Of course it’s money just like pussy is money. Women trade pussy for cars, houses, diamonds, gold, dinner, drinks, dollars and movie tickets. If you think about it, pussy is more universally accepted as money than bitcoin. ROFL

Raisul Islam
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January 14, 2018, 06:06:29 PM
 #2855

why not ?
Because you can use bitcoin as money in your country.You can use bitcoin as your local currency in your counrty in anytime.That's why we can called bitcoin is money.We invest our money into bitcoin for get  profite.Bitcoin is another things of money.You can use bitcoin convert into any currency in the world.so bitcoin is money.
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January 14, 2018, 06:10:10 PM
 #2856

Bitcoin is money. But for the moment it is very expensive and slow. If the problems are corrected, we will use it as currency in the coming years, not as an investment instrument.

Poppy5555
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January 14, 2018, 06:11:18 PM
 #2857

Bitcoin isn't money, but you can think of it as a commodity, it's worth it, it's worth a lot of money, it's worth a lot of money, it's worth a lot of money.
Yes, it is money but a digital money. You can transfer and buy it online instead of face to face trading of physical money. BitcoinCash has also been introduced which fulfills the concept of Money which we can see. Smiley
daarul50
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January 14, 2018, 06:13:04 PM
 #2858

Bitcoin is not money, but bitcoin has a price that today may cost more than gold. In that case, since bitcoin has a price then bitcoin can be money when we redeem it in exchange service. So, the conclusion from me is bitcoin can be money because it has a price if bitcoin has no price then bitcoin cannot be money.
amin1372
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January 14, 2018, 06:18:01 PM
 #2859

Yes, it is. But it is a little different with currencies we have used before. It is virtual but you can use to buy real things just like before currencies  and trade with it in a easier way. I think it will be replaced by our currencies, since it is really easy to use.
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January 14, 2018, 06:31:17 PM
 #2860

Bitcoin is money. But for the moment it is very expensive and slow. If the problems are corrected, we will use it as currency in the coming years, not as an investment instrument.

Bitcoin become money when you exchange it to fiat and that is the only reason for people to invest on bitcoins, because we are all waiting for its value to increase further and earn a lot of profit in the future. There are a lot of consumers who are holding their coin longer because they are waiting for the best price to come out at the market, so bitcoins means money and that is all what we are hoping for.

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