What is Virtual Money?

[kskwerl]

Virtual money is our future. It is already close. And it's very strange to see that many people deny this money. They are not dangerous.

They may not be dangerous. But  dangerous it's for what they are used for. They were created for good, but used in illegal operations.

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[Plissken]

Virtual money is our future. It is already close. And it's very strange to see that many people deny this money. They are not dangerous.

They may not be dangerous. But  dangerous it's for what they are used for. They were created for good, but used in illegal operations.

I understand it. But there are many positive sides. Do not forget about this. Many advantages from their use. This is a new stage of the world economy. It is time to begin to regulate this process to the states.

[kskwerl]

Virtual money is our future. It is already close. And it's very strange to see that many people deny this money. They are not dangerous.

They may not be dangerous. But  dangerous it's for what they are used for. They were created for good, but used in illegal operations.

I understand it. But there are many positive sides. Do not forget about this. Many advantages from their use. This is a new stage of the world economy. It is time to begin to regulate this process to the states.

States want to start controlling this money. But they do not know how. There are no examples, no cases, no analogues. No one knows how to control this. It's time to pass a law on the Internet all over the world.

[Plissken]

Virtual money is our future. It is already close. And it's very strange to see that many people deny this money. They are not dangerous.

They may not be dangerous. But  dangerous it's for what they are used for. They were created for good, but used in illegal operations.

I understand it. But there are many positive sides. Do not forget about this. Many advantages from their use. This is a new stage of the world economy. It is time to begin to regulate this process to the states.

States want to start controlling this money. But they do not know how. There are no examples, no cases, no analogues. No one knows how to control this. It's time to pass a law on the Internet all over the world.

China has already started trying to regulate this issue. Closes the Internet access to its citizens. He does not allow them into the World Wide Web. It prohibits the use of crypto-currencies. I think that it violates human rights.

[JihanAs]

About virtual currency, there are 03 different understandings:

    Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
    The type is not real value, not guaranteed by cash, gold, and valuable assets.
    The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

such virtual currency system based on the entire chain of Bitcoin blocks or blockchain, so that starting from the publication, the way the transaction as well as the recording of all decentralized networks listed on blockchain. So everyone can run servers block chain. any society can run Bitcoin server and any connected servers around the world.

[callmeback]

Virtual money is currency system based online where everyone can use or make an transaction through internet. 
It does not have a physical form like the currency issued by the banker. But I think virtual currency has an advantage where it is more practical and support everyone from their needs. Using virtual money is risky for example when you are investing make sure to alert in every changes that come in virrual money be more agressive on the latest exchanges because it will help you a lot.

[SummonKing2]

Our current currency is philippine peso but this American country is dollar but there are countries I do not know what their current currency is because I do not cover it and know that the country's currency is bitcoin but few are paid bitcoin.

[Deamindit]

I dont think i can describe it nicely though i know what it is...  i was never good at explaining, even from my childhood ;P

[keanne_isaac]

About virtual currency, there are 03 different understandings:

    Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
    The type is not real value, not guaranteed by cash, gold, and valuable assets.
    The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

exactly no physical denomination but with certain value as same us physical currency it only exist virtually and used for online transaction virtual currency serve as the mediator for transaction online between two parties with different currency

[bahula33]

About virtual currency, there are 03 different understandings:

    Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
    The type is not real value, not guaranteed by cash, gold, and valuable assets.
    The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

Virtual is interpreted as not having the basics of physical reality. The virtual currency has been defined since 2012 by the European central Bank as a form of currency without rules or regulations created and supervised by the developer for use by its specialized members of the virtual community.

[katrimans]

About virtual currency, there are 03 different understandings:

    Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
    The type is not real value, not guaranteed by cash, gold, and valuable assets.
    The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

For me virtual money is you can used it online. You cannot hold it physically. But you can buy anything in online shop and also you can pay bills and other things.

Virtual currency is anything that cannot be touched but used as a currency for buying and selling things. Crypto currencies are indeed virtual ones and they are used for doing trading and so on.

Crypto currencies are the latest trend in the economics and people are really amazed by the way they are getting popular all over the world. The most important virtual currency is bitcoin because of its high prices and capability of generating profits.

[Boybugwal760820]

For me Virtual Money is another type of currency which is very different from the regular paper currency that we commonly used every day, virtual money is a digital money which don't have any physical form but has a market value. Virtual Money only exist in places which have internet and mobile connection but not all places in the world have mobile and internet connection so in places like that paper money will fill the gap and will continue to exist.

[servogeek2]

The next stage of the web, is using programmable money to create and sustain
distributed systems, like the ethereum smart-contract system. Crypto allows us to build
utilities on the web, that can pay for their own continuance through cryptocurrency.


Fixed value currency changes how we use it. There will not be anymore bitcoins
printed, which changes the way they are spent in the marketplace.

We recreated the scarcity of rare gems and metals, while giving them a verifiable limit
that cannot be counterfeited, or inflated by printing more ad infinitum.

Crypto has removed the concept of trust away from authorized people and
organizations to the solid principles of mathematics and decentralized consensus.

This creates a true market.


A market that is not held captive to the borders of physical money and its limitations.
A true market, that allows buyers and sellers to transfer value to whatever is valuable
and whoever provides the best service, in a trustless and secure way.

Incentives can be tied to data-backed metrics and distributed globally on the basis of
performance, instead of personal bias, or nepotism.

Removing money from the sole arbitration of human beings frees us from the
limitations of our own perceptions and projections of other people, cultures, countries
and beliefs.

[sesilab]

About virtual currency, there are 03 different understandings:

    Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
    The type is not real value, not guaranteed by cash, gold, and valuable assets.
    The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

Virtual is defined as having no basis of physical reality.virtual currency has been defined since 2012 by the European central Bank as a form of currency without rules or regulations created and supervised by the developer for use by its specialized members of the virtual community.
uS depatemen of treasurypada 2013 states more firmly that virtual money as '' a medium of exchange that operates like a currency in certain environments, but does not have any attribute as a real currency ''. the key is the virtual currency attribute has no definition as a legal tender status.

[lani123lani]

Virtual money is a popular digital money that can be a financial investment but also as a new currency that can be directly used in life.

[joanshu]

As per the European Central Bank a virtual currency is something which is not regulated and can be considered as a digital currency or digital money which is normally developed ,launched and controlled by the creators itself and which was being used and accepted by the members of the virtual world in the past but now things has changed.Everyone started using virtual currency as bitcoins are popular globally and it is recognised as the best virtual currency one can rely on.

[Joyceshiroor]

Virtual money is the online money or the cryptocurrency which does not exist in coins or notes form. They are just imaginary or virtual coins.

[Weldhers]

virtual money, is an unregulated digital money type, issued and usually controlled by the developer (Bitcoin is an exception), and is used and accepted among members of a particular virtual community.
virtual currency as "a digital representation of the value not issued by a central bank or public authority, nor is it bound to fiat currency, but is accepted by natural or legal persons as a means of payment and may be transferred, stored or otherwise traded electronically" . In contrast, the digital currency issued by the central bank is defined as the "digital currency of the central bank".

[sicnarfkswiss]

True, I think the creation of virtual currency is very good in the process of payment in the electronic field, it is very helpful because the ways and processes to conduct transactions that can be done easily and quickly, the virtual currency is very helpful.

absolutely. virtual money is a digital representation of value, it does not exist in real world.you can not touch it since it can  only be use online usually in gaming.

[tradeviser]

Virtual money is the online money or the cryptocurrency. Virtual Money can be controlled by its developers, and used and accepted among the members of a specific (virtual) community. and not issued by a central bank or other banking authority.