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eann014
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December 31, 2017, 08:12:16 AM |
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Yeah bitcoin is not a currency right now, but who knows? Maybe in the near future bitcoin will be one of the currencies and it will be going to be the first cryptocurrencies that has its own money/coin with his own.
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"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
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Romeotom
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Activity: 814
Merit: 20
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January 01, 2018, 02:47:35 PM |
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Bitcoin is a legal crypto currency in the internet worlds. I thinks bitcoin is my real internet money.
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BitcoinHunt3r
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Leading Crypto Sports Betting & Casino Platform
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January 01, 2018, 03:03:53 PM |
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I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years". Is he a hater of bitcoin? while other big names appreciate the bitcoin. Your thoughts? i think he is right for now because currency can be a payment, and not all country or merchant accept bitcoin as payment yet, and it can't be for now because fee problem, it can be the fee is higher than the thing that we bought. that is my opinion |
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Skieleton
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January 01, 2018, 03:45:40 PM |
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I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years". Is he a hater of bitcoin? while other big names appreciate the bitcoin. Your thoughts? Currency (monetary unit) - the name of the money in force in a given country. This name is used primarily in the context of international exchange. Currency is then a means of account (or a measure of value) and a means of regulating payments (receivables and liabilities) in international transactions. And here is the problem. BTC is not regulated and is not accepted by you. Napweno does not match the definition of currency ... |
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ritik01
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Activity: 54
Merit: 0
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January 01, 2018, 04:42:35 PM |
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Bitcoin is not a currency, still works as a currency. Bitcoin is the digital currency generated by the computer. Bitcoin can be all those functions that are derived from real currency.
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rontoberth
Newbie
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Activity: 21
Merit: 0
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January 09, 2018, 03:48:45 PM |
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I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years". Is he a hater of bitcoin? while other big names appreciate the bitcoin. Your thoughts? He does not believe that it lasts 20 years or 10 but he is on the way to that. This 2017 opened new doors thus unleashing an economic construction on the cryptocurrencies, of course this does not end yet |
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Epimetheus
Legendary
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Activity: 1120
Merit: 1000
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January 09, 2018, 04:44:14 PM |
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I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years". Is he a hater of bitcoin? while other big names appreciate the bitcoin. Your thoughts? Yes, bitcoin doesn't meet the definition of a currency but that doesn't mean that it will not be around in the next 10 to 20 years. The major characteristic of a currency is its stability which bitcoin doesn't provide. Bitcoin's price is too volatile for that. But having a market capital of $249 billion at present, bitcoin has made its place in the economy and is not going anywhere in the near future. Also, according to me, with more and more companies accepting bitcoin, it is opening up new prospects for the coin making it a promisable investment in the future. |
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Darmanin
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Activity: 119
Merit: 10
Glab Trotter
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January 09, 2018, 04:57:54 PM |
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I am rather of his opinion, for bitcoin to become a currency, it should really develop and especially that it is not so volatile!
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Zilonglong.bucks
Newbie
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Activity: 32
Merit: 0
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January 09, 2018, 05:01:58 PM |
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I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years". Is he a hater of bitcoin? while other big names appreciate the bitcoin. Your thoughts? His talk means nothing, he just the old man who don't like bitcoin, don't care about him. We'll see what will happen in next few years This person literally don't kniw hoe bitcoin works, trust me this person is just envy since Millenials can earn more money in just early age. Well, to be honest it's just waste of time. No one knows about what would be the feature of bitcoin, but as I can see that Bitcoin is still one way to earn money these days. |
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Virtual miner
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January 09, 2018, 05:09:33 PM |
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I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years". Is he a hater of bitcoin? while other big names appreciate the bitcoin. Your thoughts? I think he is right bitcoin isnt a currency anymore thanks to high transaction fees and scaling issues nowadays you can call BTC just an investment which is used by people to increase their idle funds even the old big guns are now leaving btc as a method of transaction. |
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Sendibere
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January 09, 2018, 05:16:53 PM |
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I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years". Is he a hater of bitcoin? while other big names appreciate the bitcoin. Your thoughts? bitcoin is a cryptocurrency because the money here is untranslated bitcoin is covered by tradings, investing, mining that uses internet connections in cryptoworld. Someone who has been buying and holding bitcoin does not lose bitcoin like a bubble. the definition of bitcoin in the world is so great that we should be studying well |
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mdripon
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January 09, 2018, 05:23:21 PM |
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I found a video on YouTube https://youtu.be/qTxPfxmkLIY that according to this man (Warren Buffett) said "Bitcoin doesn't meet the definition of a currency" and he said that "he would not be surprised if bitcoin is not around in 10 or 20 years". Is he a hater of bitcoin? while other big names appreciate the bitcoin. Your thoughts? Why not? bitcoin is obviously currency and it is most popular digital currency in the world. if any people unlike bitcoin that his/her personal matter but he/she can't discourage those people who believe bitcoin. |
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groundcontrol67
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Activity: 106
Merit: 10
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January 09, 2018, 05:24:04 PM |
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Bitcoin is an Asset more than a currency . Bitcoin is currency for internet worlds first decentralised currency for netcitizens
For me too, it falls somewhere between speculative asset and currency, it's nothing we've ever seen before so we can't easily categorize it. Everyone always tries to use the past to define bitcoin and predict its future but bitcoin cannot be compared entirely to the past as it is so new and revolutionary. |
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CryptoChris18
Newbie
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Activity: 364
Merit: 0
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January 10, 2018, 09:50:10 PM |
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It is a kind of digital currency who is on fire now. so we should let haters speak the shit.
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Mystery Companion
Member
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Activity: 294
Merit: 10
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January 10, 2018, 10:00:01 PM |
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May be Bitcoin is not a currency, but just a variation of Blockchain. But people decided to give value to this asset. The same situation with gold - people decided to give value to this asset too. So I'm not agree with this man even if he is smarter then me  |
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Dakshkapoor
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January 10, 2018, 10:01:47 PM |
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I also thinks that Bitcoin is not a currency but an asset to me. It is not been legalized in whole world and i think that it is been said that Bitcoin is not a currency because may be its a prediction of future. But be ready for future because anything can happen.
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MMA
Legendary
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Activity: 1134
Merit: 1000
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January 10, 2018, 10:13:07 PM |
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I also thinks that Bitcoin is not a currency but an asset to me. It is not been legalized in whole world and i think that it is been said that Bitcoin is not a currency because may be its a prediction of future. But be ready for future because anything can happen.
Bitcoin is created as a currency and it is a digital currency, in fact the users of bitcoin are still few in number therefore we are still not in position to use bitcoin as currency like fiat everywhere. But soon we are expecting that bitcoin will become so much popular that people will start using it for buying daily stuff everywhere. |
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helars2008
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January 10, 2018, 10:32:56 PM |
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Bitcoin was conceptualized as a currency.
But sad to say but we have to accept the fact that with what is happening right now people doesnt treat it as one anymore. Only a few people uses it as a currency for the exxhange of goods and services.
I am just hoping that there will be more business entities that will accept bitcoin as a means of payment.
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danggoron
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January 10, 2018, 10:36:38 PM |
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Yeah bitcoin is not a currency right now, but who knows? Maybe in the near future bitcoin will be one of the currencies and it will be going to be the first cryptocurrencies that has its own money/coin with his own.
That's because the transaction fee is so high that bitcoin is less effective for micro-payment. It is also caused by legality issues, where some countries prohibit the use of bitcoin as a means of payment. Bitcoin is currently suitable to serve as a commodity, but it is not possible to become a currency if issues concerning legality and transaction fees can be resolved. |
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earl07
Member
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Activity: 168
Merit: 22
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January 10, 2018, 10:46:01 PM |
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Bitcoin is not a currency but a digital currency that works only from the digital world or the internet.Unaquainted idividual who new to crypto currency would think negative on it.Some government all over the world not yet proclaimed that bitcoin is a currency,besides some of them banned bitcoin and other coins also.Bitcoin still on the proccess that someday or in the near future be accepted worldwide and end the economical problem.
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