FlightyPouch
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July 20, 2018, 06:12:20 PM |
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It can not be said now that bitcoin is more than real money. Because bitcoin's price changes. Its price is all about trust.
Bitcoin price changes and that price movement is not all about trust but it just shows how the investors or trades move their crypto currencies. Bitcoin cannot be a real money, it is decentralized, also, it said that it is a measure of a value. Bitcoin price is usually USD depending on your country but the value of Fiats are never measured using Bitcoin.
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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hugeblack
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July 20, 2018, 06:13:48 PM |
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The definition of money for me is something that has value in itself and can be used and exchanged easily without restrictions or conditions. Based on this definition, gold is real money and other metals that have values such as silver and diamonds. Bitcoin cannot be considered real money but at least money because you can buy/sell it and have a value "But its value is earned and not real", which is better than the rest of the paper money, such as the dollar
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Glad108
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July 20, 2018, 06:18:13 PM |
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Bitcoin is just like normal money as it can be substituted for paper money in certain situations. The mere difference is that you cannot hold it physically like the bank or government issued notes.
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ReiMomo
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Duelbits - $100k Bonus/week
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July 20, 2018, 06:28:23 PM |
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Yes. Bitcoin is more of a real money and it is the currency of the future. The digital money like Bitcoin is going to drive the economy in future and this will transform the paper currency in to a most secured, speed and valuable digital currency in the world. I think in another few years the economy will be driven by digital currency like Bitcoin and the per capita income will be rocketing like anything.
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nightxglow
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July 20, 2018, 06:35:22 PM |
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Sorry but i don't really agree with you. If we want to use that kind of definition to compare, then of course fiat really defines real money better. Why? Because as medium of exchange, of course fiat is more common and used, unlike bitcoin. We barely able to use bitcoin as a medium of exchange. And also, as payment, fiat is better although we can't deny that in this modern era bitcoin surely has the potential. And also the value, although bitcoin is so valuable, but it's risky and fluctuate a lot. Unlike fiat that's more stable and dependable. That's just my opinion though.
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rajapatr1
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July 20, 2018, 06:56:54 PM |
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Money is just money because someone wanted to create it, but money is not something solid, we consider "paper money" as money because the stereotipes are saying it so, by the way, bitcoin is also the same, only that in digital form.
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r32godzilla
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July 20, 2018, 11:32:11 PM |
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I think the existence of bitcoin, and other cryptocurrencies, reveals the true nature of money which we had long forgotten or never really had the right idea about. Money, as defined by the Webster's 9th New Collegiate Dictionary, is something generally accepted as a meduim of exchage, a measure of value, or a means of payment. Practically, though, that "something" is a concrete object, not just a mere idea. Thus, money is subject to depreciation - as seen in the decline of value via inflation and similar situations. In this sense, the standard value of money doesn't seem so standard at all and it won't be much of a "generally accepted" medium of exchage. This is where bitcoin is more of a real money than the physical money itself. We don't control it's value, unless everyone - really, EVERYONE, at least those who use it - agrees so.
Yes bitcoin is more of a real money which is totally free from inflation which actually seems to be a dream in other prevailing currencies.
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btcluisdiki
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July 21, 2018, 02:00:33 AM |
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Yes, i consider that bitcoin is real money and the only difference with fiat money is that bitcoin is volatile and unpredictable currency while fiat is more of a stable currency. However, the pros for btc is that it is progressing compared to fiat and btc is also used as a payment system for transaction.
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Sadlife
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July 21, 2018, 02:17:35 AM |
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Bitcoins and crypto currencies are really the ideal money because it's free from oppression, third party tracking, exploit and from debts most importantly it's secured unlike banks that can be easily hack/breach. That's why institutional investors, bankers and governments hates it because it's a better version of fiat currency and should be the ideal type of money.
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nur rochid
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July 21, 2018, 03:11:28 AM |
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Bitcoins and crypto currencies are really the ideal money because it's free from oppression, third party tracking, exploit and from debts most importantly it's secured unlike banks that can be easily hack/breach. That's why institutional investors, bankers and governments hates it because it's a better version of fiat currency and should be the ideal type of money.
indeed as you explain, but for now the government is still looking for policies to legalize. and i think the legalization of the world's most important, before being used for transactions in all areas
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developer101dev
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July 21, 2018, 03:24:05 AM |
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I think the existence of bitcoin, and other cryptocurrencies, reveals the true nature of money which we had long forgotten or never really had the right idea about. Money, as defined by the Webster's 9th New Collegiate Dictionary, is something generally accepted as a meduim of exchage, a measure of value, or a means of payment. Practically, though, that "something" is a concrete object, not just a mere idea. Thus, money is subject to depreciation - as seen in the decline of value via inflation and similar situations. In this sense, the standard value of money doesn't seem so standard at all and it won't be much of a "generally accepted" medium of exchage. This is where bitcoin is more of a real money than the physical money itself. We don't control it's value, unless everyone - really, EVERYONE, at least those who use it - agrees so.
Bitcoins today is considered as an asset because you can use cryptocurrency to purchase any products in any online stores that is accepting a cryptocurrency payment method.
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Abeey4life
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August 07, 2018, 11:38:25 AM |
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According to my assumption, Bitcoin is not a real money, it's alternative currency.
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Btcmicel
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August 07, 2018, 12:54:31 PM |
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According to my assumption, Bitcoin is not a real money, it's alternative currency.
For me bitcoin is more on an asset than a money itself. It is an investment, like other long lasting investment. That we can trust.
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mine23
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August 07, 2018, 02:21:41 PM |
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For the future may be bitcoin will be the real main money in digital money.in era digital bitcoin is more simple for future
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petrobit
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August 07, 2018, 02:34:38 PM |
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what now around the world is called money has long been not imim. the whole world economy took as a basis the dollar and was very cruelly mistaken. Bitcoin can be a viable alternative if governments do not actively interfere with its development
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sevenbits
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August 07, 2018, 03:52:47 PM |
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In bitcoin, even more meaning than in the dollar. at least because the emission is controlled by market participants themselves. Traditional currencies lose people's trust because of the protracted economic crisis.
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ExtremeFacials.com
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August 07, 2018, 05:47:31 PM |
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This is very logical and symbol that man you need to be a mediator between good that you propose and that you receive, is not a barter system but it is like the middle point between two owners of good or service. Bravo!
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zwiggel
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August 07, 2018, 11:15:51 PM |
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are not. Bitcoin is not real money. It is a digital currency. Bitcoin deals globally. Bitcoin prices depend on the supply and demand rules.
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droptableguy2
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August 08, 2018, 01:37:13 AM |
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Yes. Bitcoin is more of a real money and it is the currency of the future. The digital money like Bitcoin is going to drive the economy in future and this will transform the paper currency in to a most secured, speed and valuable digital currency in the world. I think in another few years the economy will be driven by digital currency like Bitcoin and the per capita income will be rocketing like anything.
That may also happen but the reality is not applicable. Since electronic money is still new, getting people as well as the community takes time. Electronic money only serves online transactions and transactions in remote places. With cash used to trade live everyday, what it can do is continue to flow the economy. Actually these two currencies need to exist in parallel, they can not replace each other.
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Haji Rambo
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August 08, 2018, 01:43:32 AM |
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For those who have felt it is very real, every time we want to try, there must be a change ...
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Junior Member [code MAINCOIN MONEY DIGITAL COIN NEW GENERATION[/u (https://goo.gl/5senP6)
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