Is Bitcoin digital gold or digital cash?

[guoyu78]

Bitcoin is more like digital cash who has a value of gold.
So its both of them in my opinion.

yeah you are right that bitcoin value is very high like as gold and i think more than gold for me because bitcoin price is very highest and i think bitcoin is a digital cash and a lot of people using bitcoin because they are using bitcoin for online transaction.

[gedor]

Bitcoin is a payment system but not useful for very small transactions also a good store of value. With segwit it will be more useful.

[erickkyut]

For me Bitcoin is both digital gold and digital cash. It has the characteristics of both. It can function as cash because the are establishments and individuals that accept it as a medium of exchange. It also function as gold because its value fluctuates and depends in the market.

[TrumpD]

Bitcoin is nothing like gold and also nothing like FIAT. But when it comes to value it seems to be superior to gold and has every good attribute that gold has and more.

[Anegg]

Answers to this question are constantly posted on this forum and on Reddit by people who are not software engineers/developers, nor product managers. Either that or they are truly terrible at their jobs. Reddit in particular has really turned into a garbage dump, but that's something for another discussion.

Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it.

Here's a teaser:

Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay?

Here are just a few important details that we need to know first:

- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?  
- What tastes and preferences does Alice have/what prejudices her in certain ways?


We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value.

The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit  

To be honest it is both, its a form of storage and also a payment method. When comparing it to gold, it is superior as it has every good attribute of gold with the upside of being able to buy stuff with it. It is internet gold which is also usable as a means of paying for a product or service

[Dontme]

Bitcoin is not digital cash or digital gold its digital money because if we say cash or gold it has physical appearance. Bitcoin is more than gold or cash in value and it is cryptocurrency.

[Emitdama]

Bitcoin is more like digital cash who has a value of gold.
So its both of them in my opinion.

yeah you are right that bitcoin value is very high like as gold and i think more than gold for me because bitcoin price is very highest and i think bitcoin is a digital cash and a lot of people using bitcoin because they are using bitcoin for online transaction.

If there is any option worth after Gold and digital i will consider bitcoin as that.Basically bitcoin is more like digital cash but it has worth like diamond because 1 bitcoin can change your life.

[yakushev]

Bitcoin is more like digital cash who has a value of gold.
So its both of them in my opinion.

yeah you are right that bitcoin value is very high like as gold and i think more than gold for me because bitcoin price is very highest and i think bitcoin is a digital cash and a lot of people using bitcoin because they are using bitcoin for online transaction.

If there is any option worth after Gold and digital i will consider bitcoin as that.Basically bitcoin is more like digital cash but it has worth like diamond because 1 bitcoin can change your life.

And I think that bitcoin is more like digital gold. The higher its price, the more people use it as an investment object. People buy less with the aid of bitcoin goods. They try to keep coins for the future

[Phyton76]

Answers to this question are constantly posted on this forum and on Reddit by people who are not software engineers/developers, nor product managers. Either that or they are truly terrible at their jobs. Reddit in particular has really turned into a garbage dump, but that's something for another discussion.

Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it.

Here's a teaser:

Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay?

Here are just a few important details that we need to know first:

- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?  
- What tastes and preferences does Alice have/what prejudices her in certain ways?


We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value.

The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit  

Currency i guess so digital cash and digital gold bitcoin was both it is a currency like a cash you can use bitcoin as a currency in buying in store but not today still in a progress also it is a gold because the price of bitcoin is continue growing over time .

[Raven91]

Answers to this question are constantly posted on this forum and on Reddit by people who are not software engineers/developers, nor product managers. Either that or they are truly terrible at their jobs. Reddit in particular has really turned into a garbage dump, but that's something for another discussion.

Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it.

Here's a teaser:

Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay?

Here are just a few important details that we need to know first:

- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?  
- What tastes and preferences does Alice have/what prejudices her in certain ways?


We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value.

The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit  

Bitcoin is both a digital gold and digital cash because bitcoin is an electronic money.And if you have bitcoin you are like having a gold with you.Bitcoin is such a legit and important thing to be treasured.

[Marma Kalari]

Bitcoin is not digital cash or digital gold its digital money because if we say cash or gold it has physical appearance. Bitcoin is more than gold or cash in value and it is cryptocurrency.

Basically the world cash is derived from South Indian language and it literally means money,when you talk in terms of economics cash is a physical form of currency,things changes and we could call it digital cash or a asset platform.

[danherbias07]

IMHO, it is both.
I have lined it to commodities already (just for me). Thinking it is more like gold, because I am investing in it.
Maybe because I have never invested with cash. (Some do this) buying USD for their country have a lower value, so they buy the higher ones with much movement.
But as time goes by and with more merchants opening businesses with bitcoin as an option for the payment then it will become digital cash.

[HaXX0R1337]

And I think that bitcoin is more like digital gold. The higher its price, the more people use it as an investment object. People buy less with the aid of bitcoin goods. They try to keep coins for the future

People who are smart does not jump into investing into anything when the price is higher,there is a certain element of uncertainty when it comes to all the crypto investment and it is well and good if you could grab them when it was affordable but reaching and holding them when the price is high is just too risky,there are other better investment options out in the world than risking your money.

[stompix]

Bitcoin is more like digital cash who has a value of gold.
So its both of them in my opinion.

yeah you are right that bitcoin value is very high like as gold and i think more than gold for me because bitcoin price is very highest and i think bitcoin is a digital cash and a lot of people using bitcoin because they are using bitcoin for online transaction.

If there is any option worth after Gold and digital i will consider bitcoin as that.Basically bitcoin is more like digital cash but it has worth like diamond because 1 bitcoin can change your life.

And I think that bitcoin is more like digital gold. The higher its price, the more people use it as an investment object. People buy less with the aid of bitcoin goods. They try to keep coins for the future

And in the end nobody will use it but people will still put money in it indefinitely.
Is that what you're talking and thinking it will happen?

There is no way it will work.
Once nobody will use it you can toss bitcoin aside.
Just HODLing forever won't make all of us rich.

[Biggapp]

Answers to this question are constantly posted on this forum and on Reddit by people who are not software engineers/developers, nor product managers. Either that or they are truly terrible at their jobs. Reddit in particular has really turned into a garbage dump, but that's something for another discussion.

Anyway, in a business context you want to build software that meets your customer's expectations, so understanding how a user makes use of your software solution is really important for smooth communication and shared understanding between management, marketing and engineering. Normally you want to write out really detailed user stories/journeys, maybe even draw diagrams or create mock-ups that demonstrate the exact problem you're trying to solve and how your thing will solve it.

Here's a teaser:

Alice is at a farmer's market and wants to buy broccoli from a vendor. How does she pay?

Here are just a few important details that we need to know first:

- What country is Alice in, and what are the economic conditions?
- How much money does she make every year/how well off is she?
- How technologically sophisticated is she/how old is she?  
- What tastes and preferences does Alice have/what prejudices her in certain ways?


We need a lot more information before we start talking about what BIP we can code up in a day. If you think about these questions only from your own perspective and experience, you're discounting the majority of people on this planet that want to use the same technology. Bitcoin's value depends mainly on how many people can safely use it, and if it's not in use by the largest number of people possible, it will not achieve it's full potential/value.

The correct answer to the question in this poll is "it depends". Bitcoin is for humans, and humans have different needs. Most likely every redditor and bitcoin.org poster's favorite potential use case, "in-person payments at high volume merchants", will not be satisfied by Bitcoin directly. Use something else for that one narrow use case if Bitcoin isn't doing it for you, and support the engineers who are working to make Bitcoin more secure and stable, goddamnit  

Bitcoin is both a digital gold and digital cash because bitcoin is an electronic money.And if you have bitcoin you are like having a gold with you.Bitcoin is such a legit and important thing to be treasured.

yes Bitcoin is both a digital gold and digital cash but in certain ways. Consider bitcoin is a digital gold. Yes it is because having bitcoin it is mean that bitcoin is getting expensive like gold day by day.If it is about digital cash then yes we can say that as well.It is storing in online wallets and we can use it like cash.

[deadmousehat]

For me Bitcoin is digital gold.
Someday I will sell it when the price is high

[AltcoinAuthority]

For me Bitcoin is digital gold.
Someday I will sell it when the price is high

If Bitcoin was not at a high price would you still call it digital gold?
Bitcoin is one of the investments where the money could get spent without relying on some kind of broker to transact the money for me, that is what I like about Bitcoin. Holding Bitcoin is more fun though.

[batang_bitcoin]

For me Bitcoin is digital gold.
Someday I will sell it when the price is high

It's digital gold because we consider the value of bitcoin is good/better than gold on these days. But I consider bitcoin as both things, we are using it for buying things and paying which is the role of a cash/money. When you purchase something that is already giving you an idea that bitcoin is cash, digital cash.

[Netnox]

The OP should have removed "both" option from the poll. It would have been interesting to know how many people regard Bitcoin primarily as a currency (which can be used for investment purposes as well). For me, right now it is like an investment asset. But as time progresses and more people began using it, the exchange rates will stabilize and it will act more like a currency.

[stompix]

The OP should have removed "both" option from the poll. It would have been interesting to know how many people regard Bitcoin primarily as a currency (which can be used for investment purposes as well). For me, right now it is like an investment asset. But as time progresses and more people began using it, the exchange rates will stabilize and it will act more like a currency.

Right now my bet is on 99%.
I'm actually getting tired of the wave or newbies claiming that you should invest in bitcoin and that you're stupid to buy things with bitcoin cause bitcoin will grow forever.
And this whole segwit drama and some idiots claiming that things are good as they are know with 2$ a tx just made things worse probably cutting a lot of daily life usage.