Is encrypted digital money real money?

[yanxuanyunshan4]

Ever since the advent of cryptographic digital money, the question has been: "is it real money? The issue can spark debate over the internal workings of the digital currency, the consensus mechanism and the use of technology.


Many arguments support or denigrate the effectiveness of the digital currency as a true modern currency. The two sides of the matter will help each of us to come up with our own answers.


"Do I believe that encrypting digital money is real money?"


From people and institutional investors to bank clerks and fund managers, each role has its own views and perspectives.

[Jimmy palumbo]

I don't think it's real money, but bitcoin is likely to be a real international currency, and it can be used in every country.
But other altcoins now look more like securities than currency.

[tdeannova]

it's been proven if the digital currency is real money, do you not know that there's a lot of crypto exchange available right now? if digital currencies are not real money, surely they will not be valuable and will not be traded with fiat money. it's just that digital money has no real physical and still there are flaws to be perfected.

[FomoATH]

Ever since the advent of cryptographic digital money, the question has been: "is it real money? The issue can spark debate over the internal workings of the digital currency, the consensus mechanism and the use of technology.


Many arguments support or denigrate the effectiveness of the digital currency as a true modern currency. The two sides of the matter will help each of us to come up with our own answers.


"Do I believe that encrypting digital money is real money?"


From people and institutional investors to bank clerks and fund managers, each role has its own views and perspectives.

This is so far only electronic money, which can turn into real only in one way this exchange. Maybe later when all this is perceived differently then yes, but now so far.

[kepyas]

It is depends on your definition of money,is your money has centralization or being regulated by someone or few people?
Money for me is cryptocurrency,which gave me freedom to use it to buy goods without any hassle,anonimity of transactions  deecntralized like cryptocurrencies.

[btccrusher]

Yes, Bitcoin is real money because you can exchange it for money in anywhere in the world. But other Altcoins needs to be converted into BTC before they can be cash. And before that, they might need to be converted in ETH, XRP or some other stable coin.

[Spaffin]

Is the Crypto currency real money, this question is difficult to give an unambiguous answer. On the one hand, ordinary money is actually improved debt receipts, which in general indicate that the owner of a banknote is entitled to goods and services for the amount of their denomination and this amount is provided by the country's gold and currency reserves and the total amount of the country's gross domestic income. In other words, banknotes are secured by gold or commodity. Crypto currency is not guaranteed.
However, the reality of money is probably a bit different. This is how we can attest to their existence. Crypto currency exists in blockchein and can be seen in encrypted form in numbers and letters. Therefore, in principle, we can say that in this respect, the crypto currency is real, since it has a real designation. The only difference is that these designations are encrypted and not spelled out on paper, but are on digital media. However, the stone age has long since ended and we are moving into the age of digital technology and they are quite real.

[jademacoy]

Yes if is supported by the government or if the government itself produces that kind of money which is being encrypted with digital coding in the use of modern technology as part of that real money. You can not say that a money which is being encrypted digitally with computers are considered as digital currency in fact it has a big difference between digitally encrypted money vs. digital currency. The real money has physical aspects that includes the kind of paper they are using to print these money. The digital effects which is inclusion of the priniting of the money is there also. While digital currency has  no form but only encrypted datas that cannot be touch with our bare hands and we can only see it to the computers which that is why it is called digital currency. However this digital currency are being back up with real money which means you cannot create digital currency without those real money as the basis of the value to create this digital currency. However, if the digital currency is truly indeed a revolutionary kind of currency. And it is a matter of time that the whole world will unite about using cryptocurrency so that we can go anywhere around the world without doing some money exchange and will be done directly using the digital currency as unified money currency in the whole world.

[Rockstar1]

You don't really phrase your question correctly.

Because anything can be real money... If a group of people somewhere decided that $1 teddybears can be used for exchanged goods and services, then you'll see people handing each other teddybears for candy and haircuts (lol).

The gist is, anything can be suddenly considered cash. Like how PayPal's credits can suddenly have currency value. Or if you created an online virtual game with currency that can be bought/sold for fiat... that onlin currency suddenly becomes money.

So in the same token, crypto became money as soon as people started treating it seroiusly as money.

[FoBoT]

Anonymous or Cryptograhic digital currency on line can only become real money in the economy where it has both the support of Government and it's citizenry. Meaning it has a kind of regulation somehow which still gives the economy an assurance or confidence in Bitcoin. Aside this, encrypted digital currency to so many countries is not yet real money at all, may be probably until the nearest future where it gained total acceptability.

[derigop]

For me it is a digital money because these are used in online payments in every country not only in a single country. These digital money helps the transactions easy and fast.

[Balab01]

Yes, in fact, this is real money. With each month, the market capitalization of the cryptocurrency is growing, which means that it is growing  part of all money that is in digital form.

[RACallanta]

we as a user of cryptocurrency, we can treat that as a real money. actually we can use digital money to pay our bills like telephone bills, Internet bills, electric bills, water bills, and other bill that we need to pay monthly..

[darth_cryptorider]

Why not, cryptocurrency not first digital money, they just combine digital part with cryptography. So it more than real if you can good for them.

[Leona Lewis]

While anyone thinks that's the real money(meaning that you can exchange digital money into food, car, house, bed, etc.) - it's real money.
But if none of us can give you something for your coins - that's not real money, just data.

[krauzzer02]

While anyone thinks that's the real money(meaning that you can exchange digital money into food, car, house, bed, etc.) - it's real money.
But if none of us can give you something for your coins - that's not real money, just data.

The government and it's people will decide whether we're gonna use this as a form of money or not, don't need to debate and prove if its real cause if a large group of persons, businesses, companies and big personalities made a perspective and agreement that it is money gonna use it as a currency and asset, then the talk is over, it is like PayPal, debit and credit cards which is the money over a machine or a system they recognized it then it is the money over their platforms.

[Angel0]

When we say money, the basic knowledge everyone knows about it the printed money since it's only the money we've ever known ever since we are kids, Money is anything generally accepted payment for any goods or service, so when I use gold to buy some house and land it it is consider money since they exchange it with my gold, same with digital money or the coins we know today, since many people now are using it as payment it is considerd as money.

[JaredStein]

When you use your debit/credit cards, thats money being transfered digitally. So I don't know what you will call that. Also its the user base of cryptocurrencies that gives value to the encrypted digital money.

[Rahman11]

Not only some peoples lot of peoples around the world believe bitcoin! bitcoin is a digital money access via technological way, it's easy to transfer so modern fast world want and desrve this I think.

[makishart]

Ever since the advent of cryptographic digital money, the question has been: "is it real money? The issue can spark debate over the internal workings of the digital currency, the consensus mechanism and the use of technology.


Many arguments support or denigrate the effectiveness of the digital currency as a true modern currency. The two sides of the matter will help each of us to come up with our own answers.


"Do I believe that encrypting digital money is real money?"


From people and institutional investors to bank clerks and fund managers, each role has its own views and perspectives.

Can you tell me what the real definition of real money was? Look at fiat currency that was issued by the government, and they are printing it every time.

There was no difference between the encrypted cash and non-encrypted cash. That only depends on the personal opinion.

As long as it can be accepted and traded in some communities and I believe if crypto can be considered as real money. But it looks like a commodity rather than cash.