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Author Topic: Bitcoin is Now Officially Money!  (Read 2101 times)
groll
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September 22, 2016, 05:51:17 AM
 #61

Definitely a good news.  Even if many here say that it is only in New York still it is a good thing that it was recognized by a busy state in the USA.  Hold on your seats because we will see a drastic change in bitcoin world.  Many investors and people will starting to invest bitcoins.  People will be open to it and would not worry about bitcoin since some people thought that bitcoin is a scam and is for illegal doings.
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September 22, 2016, 05:58:14 AM
 #62

this only sounds like a good news but it has nothing to do with the actual regulation of bitcoin and announcing it as an official money. it is just a one case basis kind of thing that one judge ruled it as money and it is only restricted to one nation not the whole world or even country.

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September 22, 2016, 06:03:35 AM
 #63

This is just for a single corner of the world. In my country bitcoin is not yet categorized so it could be a currency, digital goods or computer software. In my opinion the laws around the world should see it through single glass and consider it a single entity so that it will be easier to transact on international through legal point of view.

In an ideal world that would be a good thing, but with countries including corrupt third world countries, and countries such as Russia, that's not possible. There always have to be some countries being different and way more harsh on Bitcoin than others. That being said, I am quite satisfied with how things are right now here in Europe.
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September 22, 2016, 06:15:39 AM
 #64

"Bitcoin qualifies as money, a federal judge ruled on Monday"


Source: http://www.reuters.com/article/us-jpmorgan-cyber-bitcoin-idUSKCN11P2DE
And they're just who understand if bitcoin is equal with the fiat currency or in this day called by money at this time. I don't think so...
And at the bitcoin is get their gold moment in the $1000+ where them?what they're doing?
Bitcoin is already currency for the global the digital civilians.
And so what the another will go out?
too late for recognize if bitcoin is money or the correct is equal to money.

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September 22, 2016, 06:30:38 AM
 #65

I dont think we should celebrate too much on that. The consequences are that now all laws and regulations that are associated with fiat could apply to bitcoin as well. I could be just pesimistic,but i dont place much trust in the rulings they make,and think most are made with certain agendas. Time will show in either case.
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