What is Virtual Money?

[Tim2412]

I understand virtual money as a virtual currency (digital currency or cryptocurrency) is an electronic currency that acts as an alternative currency that is neither government-funded nor backed by national currency.

[Gameroid]

I understand virtual money as a virtual currency (digital currency or cryptocurrency) is an electronic currency that acts as an alternative currency that is neither government-funded nor backed by national currency.

Yes the digital currency that we can only use online can be called as virtual currency, which do not have any physical existence, we can only use it through internet for shopping and different purposes, we can use it any time and from anywhere in the world, we can use virtual currency for trading investing and for shopping online in any country without converting it into fiat currency.

[levvv]

very well, virtual money is a money that stored in virtual form, no physical form like cash money.
your bank account is one of the example.
but bitcoin is more than just a virtual money. it is decentralized currency.

[Yankae]

I think it is not necessary to ask such question here.There are search engine so why bother posting nonsense question here.Everyone must learn to discover things by themselves and not always rely on others.I admit i am still new to cryptography but i didn't ask for guide here,try to ask with more sense and not something common.This just makes other members to post answers that already been answered by other member.

[amandavqm]

I found this:

http://bigthink.com/hybrid-reality/future-of-money-classifying-virtual-currency-systems

https://www.inc.com/magazine/201702/zoe-henry/real-money-fake-things.html

The second one is easier to understand.

[zais]

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 currency such as Bitcoin base system based on chain block or blockchain.
"So from publishing, transaction and record keeping are all recorded in decentralized blockchain networks, so everyone can run this block chain server," he explained.

[DoublerHunter]

Virtual Money for me is something which you cannot physically hold or keep, it is an internet or digital currency which can also be cash out to any kind of currency in any part of the world which has a mobile or internet connectivity so without the said connectivity this currency will never exist also, digital currency is best when you are traveling because it release you the burden of bringing the actual paper bills in which we are very used to.

You are right, the virtual money or currency can be only find in the internet and it will not become possible to be in the physical world because it is called virtual means it is only digital and the best examples for that are the bitcoin, ethereum and litecoin, they are the virtual money but also a technology that will change the world in the future so embracing them and the other cryptocurrencies is a must.

[Jr family]

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 cannot 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.

I agree with you. Virtual money is unmanageable, there is no physical form and can only be used in an electronic environment. Virtual money is different from other currencies. And I think virtual money is very unique and valuable to me. But even so, I prefer my country's currency over virtual money.

[AntonDrobot]

his kind of money has an inescapable advantage, as it will allow them to develop a number of functions that do not take place against the "live" money.

[AntonDrobot]

In the first place - it's a very high place. To make the purchase of goods more convenient or to provide payment for any service may be with a masculine secret, but not at the expense of this large amount of money for commerce. This means that if you use an electronic payment system, which in the City is very large, and there are many hotels with every year.
In the second place - access. In the difference between banks, the systems of electronic payments work constantly, in an automatic mode, that is, without going out, alone, and on all the way out, which is very good for a financial client. To this, the same money can be implemented as inside the cov- erage, so also on the ee of the page. First of all, the populary system of the Russian-speaking group of the global community, may, without doubts, allocate WebMoney and Yandek.Dengi, it also does not have any other resources, which are not at all vyshekkazannym.
Thirdly - it's safe. Electronic money is created in such a way that they do not seem to be suggestive, as they have a digitized digital form. The environment of some people uses the idea that you can take the credit card system swiftly. This is an abolutely erroneous idea.

[Paka1]

a virtual currency that can be used to transact online, which is clearly not like the physical currency issued by a bank and not the currency of a country. The shape of this currency is just a file like common files. The file is an encryption of the codes that make it not equal to each other.

the virtual money like to bitcoin will make effect on business to virutal money.the digital currency of world market related to virtual money system.the bitcoin relating to virtual wallets of sign to transactio[Suspicious link removed]oviding know as bitcoin market virtual currencies to systematically process.the digital money which issued and useually accepting of virtual community

Virtual money primarily exist online.  It is a digital currency used when you have a transactions through the internet. Virtual money does not have a physical shape but it has value that we can use to purchase online.

[Janademir4]

Virtual is defined as having no basis 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.
https://steemit.com/bitcoin/@hendrasnd/apa-itu-uang-virtual

[kpcian]

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.

Basically, Virtual money is not touchable and has no physical shape. You can't see it but you can transact it anywhere you go with the help of internet system. I think the real money requires security when you go outside your hope but Virtual money doesn't need like this. I think that's the main difference between these two money criteria.
But Real money is still more popular because of the price stability, But Virtual money is becoming also popular around the world day by day for the purpose of payment and some specific sectors. that's why experts state that virtual money will dominate in the monetary world and it will be the common currency whole around the world in the future.

[zhelis74]

Virtual is defined as having no basis 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.
https://steemit.com/bitcoin/@hendrasnd/apa-itu-uang-virtual

Yes, it is certainly no basis of physical reality but virtual still means near to reality as what virtual currency is. Virtual because we can't even touch them but still a currency that having value that can be used as a medium of exchange if it is converted into our local money, so generally for me virtual money is an electronics money that we cannot touch but still an important asset like of that real money.

[FullMooon]

It is the new generation of crypto currency worldwide, a digital currency that works without centralized bank or administration.

[Glorypaasa]

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.

Since we are still in the post-industrial period, technologies were made and is enhanced as time goes by; as we engage deeper into our future that is foreseen as a technological future where everything is made out of technologies and everything is manipulated by machines/technologies. This virtual money emerged. Cryptocurrencies. These currencies are also used in buying things at the internet or even traded by the owner of it. As time goes by cryptocurrencies will be appreciated and be approved by the government because I don't think there's no place for physical money/paper money.

[TheGodFather]

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 money for me is by definition currency that doesnt exist in the physical world... yet. Virtual money is the currency that you are using to transact online or in the virtual world. The digital currency is the one that is being held accountable when it comes to using the virtual world as a means to send or sell or even buy stuff. Having this cirrency is beneficial to those who likes to keep themselves anonymour or for instant and faster processing of their involvement on business

[allfriends88]

I myself concluded virtual currency namely electronic currency that we can not touch but can be set as a tool for online transactions and can also be a change in the original currency. In addition, virtual currency value is not stable and can be used as invest.

[boksoon]

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.

When we say Virtual money  is used with electronic gadget like computer or automated machine that ca be use in every transaction, no other definition of virtual money. it is used for paying in different types of things without physical shape like what you said. This is also similar of virtual currency of BITCOIN but not for growing money.

[cryptotaste]

Virtual money has a different value. Their value are changing all the time. They have no form like dollar and euros. Some of they have authority and some of them has nothing.