Bitcoin Forum
September 16, 2019, 09:46:03 AM *
News: If you like a topic and you see an orange "bump" link, click it. More info.
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 [18]  All
  Print  
Author Topic: How does bitcoin become a currency?  (Read 1771 times)
Lumi3004
Jr. Member
*
Offline Offline

Activity: 462
Merit: 2


View Profile
November 22, 2018, 10:23:09 AM
 #341

I know that Bitcoin is currently used as a buying and selling transaction, but not as a currency.
Example: like gold sold only makes money.
Bitcoin is also the same as the principle of selling gold and making money, so if Bitcoin is made into a transaction money I think it is rather difficult because all countries have their own currency. if my opinion is correct what I understand from the topic.
1568627163
Hero Member
*
Offline Offline

Posts: 1568627163

View Profile Personal Message (Offline)

Ignore
1568627163
Reply with quote  #2

1568627163
Report to moderator
1568627163
Hero Member
*
Offline Offline

Posts: 1568627163

View Profile Personal Message (Offline)

Ignore
1568627163
Reply with quote  #2

1568627163
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
serjent05
Legendary
*
Offline Offline

Activity: 1386
Merit: 1062


LiveCoin - is a modern stock exchange


View Profile
November 22, 2018, 11:14:49 AM
 #342

Generally they call it crypto-currency but it is also regarded as an asset. A store of value, commodity with value but since you defined currency as a mean of payment and that is why it is called currency, bitcoin qualifies for this title. Bitcoin is used as a mean of payment not in all but there are several stores/market and companies that accept bitcoin as a mean of payment. Recently I’ve just read a post that gave 15 of those.

█████████▄           ▄█
▀██▄         ██
▀██▄    ▄▄ ██
▀███ ███ ██
█████████▄        ▀▀ ██
▀██▄      ▄▄ ██
▄█████████ ███ ██
▄██▀          ▀▀ ██
████
█▀            ▄▄ ██
▄██ ███ ██
▄██▀   ▀▀ ██
▄██▀        ██
███████████▀          ▀█




▄▄█
█████
█████
█████
█████
█████

█████

█████

█████


▄▄█
█████
█████
█████
█████
█████
█████
█████

█████

█████

█████
▄▄█
█████
█████
█████
█████
█████
█████
█████
█████
█████

█████

█████

█████
█▄           ▄█████████
██         ▄██▀
██ ▄▄    ▄██▀
██ ███ ███▀
██ ▀▀        ▄█████████
██ ▄▄      ▄██▀
██ ███ █████████▄
██ ▀▀          ▀██▄
██ ▄▄            ▀█████
██ ███ ██▄
██ ▀▀   ▀██▄
██        ▀██▄
█▀          ▀███████████
Shimmiry
Member
**
Offline Offline

Activity: 340
Merit: 10

Semi-Decentralized Exchange


View Profile
November 22, 2018, 11:26:31 AM
 #343

Bitcoin is already a currency, it does not need to become one. You can buy and sell things with bitcoin and that is what a currency is for. Although now I think people use bitcoin as more of an investment than as a currency but that does not mean that bitcoin has stopped being a currency.

I agree. The only thing is is missing is that the legitimacy of bitcoin. The government acceptance is what it needs in order for it to be used all over the world. It really matters but then bitcoin can work even without the government approval and it is very functional, effective and efficient.

▐|   EOS Exchange   |▌          The Exchange for the EOS Community!          ▐|   EOSex   |▌
                    ICO: 15th October to 20th November  |  Free EXP Tokens: Join Bounty!                    
Whitepaper               ANN Thread               Telegram               Twitter               Mobile
abhi777
Full Member
***
Offline Offline

Activity: 458
Merit: 100



View Profile
November 22, 2018, 02:17:12 PM
 #344

In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

It is indeed exist because it is used for transactions online like betting sites. Now it is also used as the basis for exchanging in different coins that emerged in the market. The value of Bitcoin exist through the continues patronage of people to it's usage.
I think the government must approve it, if the government does not agree with bitcoin and crypto then how can bitcoin become a world currency. and don't spread hoaxes that aren't right about bitcoin.
patarfweefwee
Member
**
Offline Offline

Activity: 420
Merit: 14


View Profile
November 27, 2018, 04:46:16 AM
 #345

Well it depends. Although you can't buy a service or a product with crypto currency, it is still valuable in a sense that you can exchange it for Fiat that could be exchanged for goods and services. Therefore it would still hold value because it could stil be exchanged into something of worth. Then again, different people percieve worth.

Shiversnow
Full Member
***
Offline Offline

Activity: 644
Merit: 100


WWW.BLOCKCHAIN021.COM


View Profile
November 27, 2018, 01:02:19 PM
 #346

Bitcoin is already a currency, it does not need to become one. You can buy and sell things with bitcoin and that is what a currency is for. Although now I think people use bitcoin as more of an investment than as a currency but that does not mean that bitcoin has stopped being a currency.
Most of people commonly use bitcoin as investment which they know that it will give profit. But, we want to use bitcoin as currency it need to undergo in government which they will implemented it as currency. We all know some government allow bitcoin as currency but somehow we can't say that bitcoin will really become a legal currency.

SeVenlast
Member
**
Offline Offline

Activity: 421
Merit: 10

🏦 PointPay 🏦


View Profile
November 27, 2018, 01:56:57 PM
 #347

In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

It is indeed exist because it is used for transactions online like betting sites. Now it is also used as the basis for exchanging in different coins that emerged in the market. The value of Bitcoin exist through the continues patronage of people to it's usage.
I think the government must approve it, if the government does not agree with bitcoin and crypto then how can bitcoin become a world currency. and don't spread hoaxes that aren't right about bitcoin.

There are some countries that support big about Bitcoin and some countries really hate the existence of virtual money so it should be very far to illustrate if Bitcoin becomes a true currency.

🏦 PointPay 🏦 - Welcome to the future of the BLOCKCHAIN-BASED BANKING
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄  ROUND 1 LIVE   ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
ANN    Whitepaper    Ecosystem    Medium    Twitter    Telegram    Facebook
andriarto
Sr. Member
****
Offline Offline

Activity: 784
Merit: 250


I-CHAIN - The Revolution of Digital Advertising


View Profile
November 27, 2018, 02:13:34 PM
 #348

In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

It is indeed exist because it is used for transactions online like betting sites. Now it is also used as the basis for exchanging in different coins that emerged in the market. The value of Bitcoin exist through the continues patronage of people to it's usage.
I think the government must approve it, if the government does not agree with bitcoin and crypto then how can bitcoin become a world currency. and don't spread hoaxes that aren't right about bitcoin.

There are some countries that support big about Bitcoin and some countries really hate the existence of virtual money so it should be very far to illustrate if Bitcoin becomes a true currency.
lucky for those who legalize are developed countries, so many other countries depend on it. i hope that with more developed countries legalizing, hopes will come true

           
          ████▄▄▀▀███▄▄▄
      ▄▀ █████████▄▄ ▀▀▄▄██
    ▄█▀ ████████▀▀▀▄▄  ▀████
  ▄██▌ ███▀▀▄▄▄▄████▌▐██▄▀██▌
 ▀▀▀   ▄▄▄██████████ █████▄▀█▄
▀███▌ ▄▄▀███████████ ███████▄▀
 ███▌▐███▄ ▀███████▌▐█████████
  ██▌▐██████▄▀▀████ ███████████
   █▌▐█████████▄▀██ ████▀▀▀▄▄
   ▀ ████████████   ▄▄▄▄████
     ██████▀▀▀▄▄▄█▄ ██████
     ▀▀ ▄▄▄████████▌▐███
             ▀▀▀▀▀██ ▀


████
██
██
██
██
██
██
██
██
██
██
██
████


████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████


▄▄████████▄▄
▄████████████████▄
▄████████████████████▄
███████████████▀▀  █████
████████████▀▀      ██████
▐████████▀▀   ▄▄     ██████▌
▐████▀▀    ▄█▀▀     ███████▌
▐████████ █▀        ███████▌
████████ █ ▄███▄   ███████
████████████████▄▄██████
▀████████████████████▀
▀████████████████▀
▀▀████████▀▀

▄██████████████████▄
██▀              ▀██
██                ██
██                ██
██    ▄▄▄▄▄▄▄▄    ██
██    ▀▀▀▀▀▀▀▀    ██
██   ▄▄▄▄▄▄▄▄▄▄   ██
██   ▀▀▀▀▀▀▀▀▀▀   ██
██                ██
██                ██
██                ██
██▄              ▄██
▀██████████████████▀
.
WP
▀ ▀▀▀

████
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
  ██
████



sirminesalot
Sr. Member
****
Offline Offline

Activity: 896
Merit: 250


CurioInvest [IEO Live]


View Profile WWW
November 27, 2018, 08:42:55 PM
 #349

In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

It is indeed exist because it is used for transactions online like betting sites. Now it is also used as the basis for exchanging in different coins that emerged in the market. The value of Bitcoin exist through the continues patronage of people to it's usage.
I think the government must approve it, if the government does not agree with bitcoin and crypto then how can bitcoin become a world currency. and don't spread hoaxes that aren't right about bitcoin.

There are some countries that support big about Bitcoin and some countries really hate the existence of virtual money so it should be very far to illustrate if Bitcoin becomes a true currency.
lucky for those who legalize are developed countries, so many other countries depend on it. i hope that with more developed countries legalizing, hopes will come true
but it's not that easy to legalize bitcoin and make it a country's currency for progress. Bitcoin is a digital currency and if it is used as a currency by a country I think it is impossible even though Bitcoin is illegal in many countries but we can still use it.

                       ░▒▒▒▒▒▒▒▒▒▒▒▒▒░░                                         
              ░░▒▓▓███▓▓░░████████████████▓░                                   
          ░▓▓▓▒██████████░ ███████████████████▒                                 
       ░▓██▒░  ███████████▓ ▒███████████████████▓▓▓▓▓████▓▓                     
  ▒▓▓▓██▒     ████████   ▒██░ ██████████▓▒░      █████████████████▓▓▒░         
 ▓█▒░░        ▒▒▓▓▓▓▓▓  ░▒███░ ▓▓▓▒░░   ░░▒▒▓▓███▓▓▓▓▓▓▒▒       ░▒▓███████▓▒░   
 █                                               ░▒▒▓▓██████████▓▒░░░▒▓██████▓█
 █▒  ▒▓▓▒░▒▓█▓▓▓▒▒▒▒░░                                    ░▒▓▓████████▓▓▒░   ▒█
 ░█ ▒████▓  ▒▒░▒▒▓▓▓▓██████████▓▓▓▒▒▒░                            ░▒      ░▓██ 
  ▒███▒▓▓██  ░              ▒░░█████▓▓▓▓██▓▓▒▒▒▒▓▓▓▓▓▒▒░░          ░░ ▓██████▓▓▒
    ▓█▓▓▒▓█▓ ▒              ▒▒▓███  ███████████▓▓█▓░░▒▒░░░  ▓███████▓████████ ▓█
     ░█  ▓██▓▒░░▒▓▓▓▓▓████████▓░   ████▒▒▓▓▓▓██████      ░ ████████▒█████▓▒  ▒█
      ▓▓▓▓████▓▒░░                ▒███ ░███▓█▓▓████░    ▓ ████████▓▓█▓▒    ▓▓▓ 
      ░▓█████▓▒▓██████▓▒░         ▒██▓ ██▒  ██▓▓████    ▒  ░            ▒██▒   
        ░▒         ░▒▓█████████▓▒  ██▒ █▓    ██▒█████    ▒▒▒░░░▒░░░█▓▒▓██▓     
                          ░▒▓█████████ ██    ▓█▒█████▓             ░▓██▓       
                                  ░▒▓█▓ ██ ░▒██░██████▓  ▒▒▒░   ▒▓███▒         
                                      █▓▒▓████░▓████▓ ▓▓▓██████████░           
                                       ▓█▓▓▓▓▓█████▓          ░▒▒               
                                         ▒▓▓██▓▒░                               
                                                                               
|
|

█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ ███████████▀     ██ ██
██ ██████████▌   ▄▄▄██ ██
██ ██████████   ██████ ██
██ ███████          ██ ██
██ ███████▄▄▄   ▄▄▄▄██ ██
██ ██████████   ██████ ██
██ ██████████   ██████ ██
██ ██████████   ██████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ █████████████▀█████ ██
██ ███ ▀█████▀      ▀█ ██
██ ███     ▀▀      ▐██ ██
██ ███▌            ███ ██
██ ████▌          ▄███ ██
██ ██████       ▄█████ ██
██ ████▄▄▄▄▄▄▄████████ ██
██ ███████████████████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀

█████████████████████████
██ ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██
██ ████████████▀▀▀████ ██
██ ████████▀▀     ████ ██
██ █████▀    ▄▀  ▐████ ██
██ ██▀     ▄▀    ▐████ ██
██ ████▄▄ █▀     █████ ██
██ ██████ ▄▄█   ▐█████ ██
██ ████████████ ██████ ██
██ ███████████████████ ██
██▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄██
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
|
Whitepaper
Ann Thread
Bounty Thread
Zadeket
Newbie
*
Offline Offline

Activity: 81
Merit: 0


View Profile
December 03, 2018, 07:32:35 AM
 #350

Well it depends. Although you can't buy a service or a product with crypto currency, it is still valuable in a sense that you can exchange it for Fiat that could be exchanged for goods and services. Therefore it would still hold value because it could stil be exchanged into something of worth. Then again, different people percieve worth.
Bitcoin is a transaction that occurs digitally on the internet, so it must be exchanged first in place to exchange bitcoin into fiat money, so that it can be used to buy any goods and services. This happens in a country that prohibits the use of bitcoin for payments. If it occurs in a country that legalizes bitcoin, transactions can occur directly from the transfer of the sender's wallet to the recipient's wallet.
Panchum
Member
**
Offline Offline

Activity: 322
Merit: 10

★777Coin.com★ Fun BTC Casino!


View Profile
December 03, 2018, 12:23:04 PM
 #351

In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

Bitcoin become currency because bitcoin is now available for any transaction.Its a good currency especially when the price is increase.lt will give us more comfortable for any payments.

hicaribou
Hero Member
*****
Offline Offline

Activity: 817
Merit: 502

★YoBit.Net★ 1400+ Coins Exchange


View Profile
December 03, 2018, 12:52:16 PM
 #352

In the beginning, BTC could be used to exchange of low value of virtual items, such as buying web sites or game points, virtual items, etc., afterwards, some people in order to get these virtual items, items may be in online auction own reality for BTC, others want to buy the real goods, but no BTC at hand, and then use real money to exchange BTC, as a result, BTC begin to flow, and have a "value".


In other words, bitcoin is inherently valuable as a means of payment; If it loses its function as a means of payment, it becomes worthless.

The value of money: it exists because of payment.

Bitcoin become currency because bitcoin is now available for any transaction.Its a good currency especially when the price is increase.lt will give us more comfortable for any payments.
There are some place where bitcoin is accepted as a payment option but it does not reach wide enough yet.
I saw steam was accepting bitcoin before and i think it could be a very big opportunity for bitcoin but now its not accepted anymore. Does anyone know why? That is a very unfortunate thing.

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 [18]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!