Is Bitcoin money?

[cryptojoe]

Bitcoins is a digital currency called cryptocurreny.

[piter66]

bitcoin is more than money in my opinion.bitcoin is getting popular and its value also increased.many people are earning money from bitcoin and run their life.so bitcoin is money without any question.

Define more than money please. Like that’s just wishful thinking at this point which is just confusing the hell out of me for real

[zzxswqq]

yes I think bitcoin can be called a currency or gold

because everyone playing a bitcoin just chases money to earn a living on their own or family. Because bitcoin is a convertible currency to philippines or philippines to bitcoin. maybe bitcoin can also be called a money or gold because Another site paid bitcoin not money

That’s exactly what the “goal” of BITCOIN is this, the entire point of cryptocurrency is to become currency not just investment objects

[Kamal.strong365]

I thinks, bitcoin is money but not in physical form like fiat that we can actually hold or carry. However, you can buy some physical items which have bitcoin addresses stored on them, bitcoin has a price that today may cost more than gold.

[Bituwang]

No. It is currently useless  for everyday transaction so it is in no way can be called "money" . It is an investment commodity.

[gorodi]

Bitcoin is indeed money. In fact, Global money ! 

I treat Bitcoin as money. This is a crypto currency that has the properties of ordinary money, but it also has many advantages.

[danie161]

Bitcoin is a cash or we can state another sort of cash yet the diverse thing is.

[Taskford]

Bitcoin is a form of money but it is more on being an investment for me, i don't think that bitcoin is a money anymore because a money can be spend anytime without having some problems but bitcoin is still has its problem like the fees and also the slow network which is not acceptable for a money and bitcoin is just serving us as an asset because the price is keep on growing.

[fishball]

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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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?

Nope. But it turns out to be money hahaXd

[beezare]

I think bitcoin is digital currency and it can be said as money but not used as official currency, because bitcoin can be used as payment

[drunkcoin]

Bitcoin is not money at all. Other altcoin are not money too. Why? Lemme explain. Money aka currency should be accepted EVERYWHERE as a payment method, it should be easy to use, it should be stable enough. Cryptocurrencies are accepted only is a few popular companies worldwide, they are still hard to use if you are not really into computers and also they are too volatile.

[handsomes]

My answer is if you trade the bitcoin in money maybe want a money because the bitcoin many source in the world, Yes is bitcoin money co'z the amount the bitcoin or value the bitcoin is higher than money/fiat in the world the beautiful ones there use bitcoin in exchange for money even in different countries so it's important or appreciate bitcoin if you can collect them.

[Dagser]

I'm paying some stuff with Bitcoin directly so yes for me it is money.
It is truth that Bitcoin and any other cryptocurrency is not technically in the stage where we all could use it as a money, but soon.

[bitcoinajax455]

In my own opinion bitcoin is a money, if we talk about people who are using enternet. Its the other way of sources of income, and for the companies who accepted bitcoin for investment comodity. Bitcoin is a currency and speaking of currency it is money.

[lampukoe lumo]

+1 agree that it is not money.  However, if it was a pure commodity then it would necessarily require some (even minimal) use value, beyond an exchange value.  Right now bitcoins have a 0% use-value and a 100% exchange value (eg, if they could not be exchanged for something else, they would merely be taking up space on our harddrives and are inherently useless, like random chunks of data).

Yes, I also agree with your opinion, Bitcoin is not money but bitcoin can be used as a means of payment, and the bitcoin exchange rate is huge, and most people around the world consider bitcoin is a type of digital money and a means of payment.

[ejswift]

Yes bitcoin is a money but it is very unique its the most popular cryptocurrencies in the world i wonder how is that happen and this token can brig you to a successful future so invest now

[kache2018]

Bitcoin is equivalent to money, it is a protocol, a computer network and so many more.
Actually, bitcoin is a digital currency,  it can transfer money from one person to another and it doesn’ t have any physical existence but it can be used for payment, in stores who are accepting bitcoins.                                        
 It is equal to real money since you can exchange the bitcoin with real money while trading and all, but I think it is better to call it “digital coins”.

[sanjay6121]

the bitcoin is actually not a money its called commodity the bitcoin is accepted in many countries for goods and sevices we can not use bitcoin for all kind of transactions many people invest in bitcoin for make profit.

[Kuya Kim]

Bitcoin is equivalent to money, it is a protocol, a computer network and so many more.
Actually, bitcoin is a digital currency,  it can transfer money from one person to another and it doesn’ t have any physical existence but it can be used for payment, in stores who are accepting bitcoins.                                        
 It is equal to real money since you can exchange the bitcoin with real money while trading and all, but I think it is better to call it “digital coins”.

 Bitcoin is a cryptocurrency. It could be use for investment or for online payment  But it could be mean money in a way that it  mcould be converted into physical money.

[Senja Kemuning]

I think bitcoin is money even better than money, when the value of money remains and does not change, bitcoin value continues to rise following the number of users who also rose.