Why not compare Bitcoin with money?

[dron8809]

я дyмaю чтo биткoин нe взмoжнo пpиpaвнивaть ни к зoлoтy ни к дoлapy пoтoмy чтo eтo coвceм paзныe вeщи.Цeнa биткoинa зaвиcит тoлькo oт нac caмиx.

[mellar1084]

Why not compare Bitcoin with money? Because money have an exact or fixed value while bitcoin have unfix value because of its unstable price.Actually it's both good to know and to have because they have benefits to others company so compare digital money to real money is no use at all,i think in the future the value of digital money is so high but still we need real money in life so even it's both money with different value still we need this in life so it will continue to be useful in future anything happen to the price.

[Happydd]

Objectively, the money is just a sheet of paper, why? The paper is recognized by the state government to ensure that, so what is the guarantee? that is gold. Which country more and more gold, wealth assets are terrible, that currency is priced compared to other currencies. To understand more about currency you can see the book "War Money" nhé!

Bitcoin is generally accepted by the community and is priced against USD or gold so it's worth it.

In short, every value is converted into gold. But gold has some major disadvantages so new alternatives are available such as money and now Bitcoin.

We can not compare bitcoin with money. Because bitcoin coins are electronic transactions only, the electronic world does not come into use in everyday life and money is used everyday.

[hachiman13]

For starters, Bitcoin is a deflationary currency while money/fiat is not. This is due to the fact that the supply of bitcoin is limited while fiat can be printed out of thin air. Also, you cannot transfer billions worth of dollars within 10 mins in bank wires unlike bitcoin.

[doodle07]

Everything in this world has its own definition, everything has its uniqueness.

[di.ako.toh]

I see money and bitcoins in a different manner. Bitcoin is a digital currency, where you could use it in some cases when converted into fiat money, but still it has its own value in the market. While, money is readible to use and widely accepted by banks and governments.

[khaled0111]

Bitcoin "as a coin" can be compared to fIAT money since both of them are used for the same reosons (generally paying goods).
On the other hand, Bitcoin as a network and the blockchian behind it is completely different from ordinary money due to decentralization and anonimity and especially the absence of regulations.

[Sexie]

Objectively, the money is just a sheet of paper, why? The paper is recognized by the state government to ensure that, so what is the guarantee? that is gold. Which country more and more gold, wealth assets are terrible, that currency is priced compared to other currencies. To understand more about currency you can see the book "War Money" nhé!

Bitcoin is generally accepted by the community and is priced against USD or gold so it's worth it.

In short, every value is converted into gold. But gold has some major disadvantages so new alternatives are available such as money and now Bitcoin.

.         I respect to that as money is a physical currency issued by the government to be used by any kind of transactions worldwide. Through bank to bank transaction, remittances, paying compensations , pensions and salaries and even money changer, paper currency  has the vital role to that. We can buy anything we want even without internet. We can transact  to other people without internet.
                       The difference of bitcoin was that it is being a digital currency, we can used it by the manipulation of gadgets by online transactions  We can’t access site without internet or WiFi. As of this generation and the coming generation. Bitcoin has a greatest contribution to mankind. It’s value is continously increasing, so as they considered as gold or even more to that.

[Ranly123]

Objectively, the money is just a sheet of paper, why? The paper is recognized by the state government to ensure that, so what is the guarantee? that is gold. Which country more and more gold, wealth assets are terrible, that currency is priced compared to other currencies. To understand more about currency you can see the book "War Money" nhé!

Bitcoin is generally accepted by the community and is priced against USD or gold so it's worth it.

In short, every value is converted into gold. But gold has some major disadvantages so new alternatives are available such as money and now Bitcoin.

Though gold has major disadvantage, bitcoin also had its own. Gold is not risky compared to bitcoin so they cannot be compared to whether the public will accept bitcoin and leave gold or the other way around. With the emergence of bitcoin in this era, golds value remains due to gold's less volatile price compared to bitcoin.

[Jody.Drummer]

very different between paper money and virtual money such as bitcoin, paper money clearly centered and set by each country, Bitcoin may be like gold whose value continues to grow,

[monkeydominicorobin]

We can never compare fiat money with Bitcoin. Bitcoin in itself is a public ledger. While Fiat Money in itself is useless. Fiat money can never ever create a public ledger since it is just a piece of paper. Bitcoin at present is a living organism that can work without any form of traditionally made regulations. Fiat money is inutile. It cannot process a transaction without the traditional infrastructure in place. Bitcoin works with the help of decentralization oriented people who believes in it.

[Lintel]

Money is different from bitcoin they shouldn't be compared  because we all know that money is recognized by banks and accepted by government therefore whatever we will buy we can buy it by the use of money. it is just only a paper but it is valuable. it is also legally used in any transactions we do, especially in the bank or paying our bills. while bitcoin is a cryptocurrency we can't use it everywhere to spend. We need to trade it for cash first before we can use it. and government has no way to monitor it because transactions must be done here in trading exchange as well, not through bank.

[Francis Freeman]

people don't compare Bitcoin to money because for them it's just a speculation tool.

[matthewogus01]

First of all, Money' and 'currency' should not be used interchangeably. Currency is the money of a given state. In the U.S., it is Federal dollar notes in circulation. Money is what we use every day to pay our liabilities, and this includes currency and, to a much bigger extent, our bank account balances that provide the source for our check, wire transfer, debit card, and credit card payments.

On the other hand, Bitcoins are independent or what they term as decentralized, thus they are not controlled by the government or financial agencies. The absence of a central entity that controls bitcoins means that the bitcoins can be distributed in a powerful and resilient peer-to-peer network. It can also be transferred from bitcoin users to other users located across the globe without any problems.

[NeuroticFish]

people don't compare Bitcoin to money because for them it's just a speculation tool.

Yep, and it's up to us to make people understand that Bitcoin is more than that, it's also a coin you can pay with.
LN should help on that with transaction speed and maybe costs too.
And we also need more and more public figures to act in a way similar to what Charlie Lee tried here for Litecoin.

[sheamus10]

I think bitcoin is a very popular online asset, but paper money has become one of the official means of payment that has been recognized by the government and the state. While bitcoin, currently only recognized by some countries only

[Creepings]

I think bitcoin is a very popular online asset, but paper money has become one of the official means of payment that has been recognized by the government and the state. While bitcoin, currently only recognized by some countries only

It is really popular if it is not then I don't think that it will be the most expensive one right? Bitcoin is also recognized by a lot of country now, in fact some of those countries regulated bitcoin and some of them already banned bitcoin. Bitcoin will stay as a volatile and risky asset, in the future many may accept it as a way of payment but I doubt it in these days since it is pretty volatile.

[giogio0504]

Objectively, the money is just a sheet of paper, why? The paper is recognized by the state government to ensure that, so what is the guarantee? that is gold. Which country more and more gold, wealth assets are terrible, that currency is priced compared to other currencies. To understand more about currency you can see the book "War Money" nhé!

Bitcoin is generally accepted by the community and is priced against USD or gold so it's worth it.

In short, every value is converted into gold. But gold has some major disadvantages so new alternatives are available such as money and now Bitcoin.

Bitcoin is accepted by society but as you mentioned that recognition by government is guarantee, and sometimes we need smth that we know is stable and guaranteed.

[sharted]

I think bitcoin is a very popular online asset, but paper money has become one of the official means of payment that has been recognized by the government and the state. While bitcoin, currently only recognized by some countries only

Money is just a paper currency.But bitcoin is the best and top online asset.Many people are start to inverse in bitcoin  rather than in gold,coal,silver,daimond and platinum.Soon bitcoin will replace the paper currency.

[shi07]

Bitcoin and money have similarity in terms of transaction. They can both transac via online as long as there is internet connectivity like bills payment , but money is a paper with fixed value defends on what country you belong while bitcoin is a digital currency that change its value anytime.