Are we about to redefine money again with Bitcoin?

[carlisle1]

Good article, with bitcoin the money will be redefined because it is not an simple technology but it is revolution, it changes everything related to money.

Cryptocurrency is the future of money usage from physical to virtual

Its not only the redefining of money but reshaping also,this will bring the currency to maximum using since the accessibility now are available anytime since the cryptocurrency enters the system

[junglist.massive]

Its not redefining...The price of bitcoin is also unstable if compared to Indian rupees and the price of dollar is also slightly unstable compared to Indian rupees....As like other currency it is also a currency...But its digital currency but not digital money...Digital money are those which are stored in paytm or freecharge etc sites...But its a digital currency...Its just an evolution of technology..

Actually the money you deposited is a token whose has same price as the price of FIAT, it’s more suitable called as digital money rather than digital currency because it’s only a token. Different case with Bitcoin which has its own platform.

[cryptoblazter]

The technology behind bitcoin, the blockchain, is one of the significant development that would revolutionize major processes in our system. The future of different processes in businesses, trading, marketing, and advertising can be changed totally for good with blockchain. But, will bitcoin can replace money? As of now, no because of its volatility and it is not yet mainstream.

[SaeedKhan996]

Yes, We are!

“In many countries in Africa, there are far more cellphones than bank accounts,” said Manuel Valente, co-founder of La Maison. “For bitcoin, all you need is a phone.”
This is not only Africa, But whole world will enjoy it.

[Sebas.tian]

Bitcoin is a new form of money that is revolutionary. It can even change how some people perceive money. It has started and offered new ecosystems with its creation like decentralized exchanges, electronic wallets, a currency that also functions as an investment, store of value, etc so it is enough reason to believe that it really does redefine money.

[Hiimgosu]

What do you mean about the redefine money again with bitcoin? What do you need to have in order to have bitcoin? Money. Right? Why do we need to redefine?

[EddyGameta]

This was a very good article indeed, I liked this phrase, "Community agreed digital barter”  

I watched an episode of "Decoded" on Netflix yesterday and they were asking questions about the Gold that was supposed to be stored in Fort Knox and most of the people that worked there or knew people that worked there, are of the opinion that Fort Know has no Gold at all. One of the previous Senators even said that if the citizens of America knew about this, then there would be a financial collapse and riots in the streets. <The Dollars value is not linked to Gold anymore, but the Gold still represent the wealth of America>

That day will come, and then Bitcoin will be used as a alternative to the Dollar and all the other Fiat currencies that will collapse as a ripple affect of the Dollars collapse.  

This conspiracy theory is quite slick, if the Russian agent read this, the doomsday of American financial will happen shortly lol
In my opinion the power of FIAT is still very strong, if the dollar tumbles, still there are Japanese yen or euro or even pound sterling will fight over the noble throne.

[stayeduptolate]

I tried to articulate why cryptocurrencies would be the future and redefine money again. The article talks about how and why money took the shape we have today, and how and why cryptocurrencies can also take that shape.

Please provide feedback if you have 10minutes. Clap and share if you find it interesting.

https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa

Bitcoin when introduced in 2009, was completely unknown and was considered as an alien technology but those who believed bitcoin that time are now bitcoin billionaires and their success stories are the proof of their success so now a days bitcoin is very huge and potentiating crypto currency and no doubt it is most superior of all the crypto currencies and even considered as a threat to available Fiat currencies and obviously it has bought revolution in the economic world and has presented itself a new way of investment and the most beneficial investment so no doubt bitcoin is about to redefine money again.

[Arne9131]

What do you mean about the redefine money again with bitcoin? What do you need to have in order to have bitcoin? Money. Right? Why do we need to redefine?

Yes. In order to have Bitcoin, you need money. Such a statement stands true for all forms of money. To gather fiat, you needed gold or assets to collateral for loans.
We have seen money evolve over years from cowrie shells to fiat. I mentioned redefining in that context, whether Bitcoin unlocked an unexplored dimension of money.

[hirokazu]

Bitcoin is a new form of money that is revolutionary. It can even change how some people perceive money. It has started and offered new ecosystems with its creation like decentralized exchanges, electronic wallets, a currency that also functions as an investment, store of value, etc so it is enough reason to believe that it really does redefine money.

Basically the things presented by crypto are something new, something that is able to advance the financial system, it is what makes bitcoin as a conversation a lot of people. At the moment, people who like it continue to grow, especially later when the platform has in advance.

[sakahayang]

I tried to articulate why cryptocurrencies would be the future and redefine money again. The article talks about how and why money took the shape we have today, and how and why cryptocurrencies can also take that shape.

Please provide feedback if you have 10minutes. Clap and share if you find it interesting.

https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa

I don't think you can describe Bitcoin with symbols like
Cowrie shells that have intrinsic properties in your article. But all that can make sense, because barter is the beginning of the transaction.
I like the article that you created, the contents of which describe very valuable, then can conclude that Bitcoin will be the main tool as a transaction that will be used by the world.

[Arne9131]

I tried to articulate why cryptocurrencies would be the future and redefine money again. The article talks about how and why money took the shape we have today, and how and why cryptocurrencies can also take that shape.

Please provide feedback if you have 10minutes. Clap and share if you find it interesting.

https://medium.com/@anvay.rane/are-we-about-to-redefine-money-again-4bed5344ebaa

I don't think you can describe Bitcoin with symbols like
Cowrie shells that have intrinsic properties in your article. But all that can make sense, because barter is the beginning of the transaction.
I like the article that you created, the contents of which describe very valuable, then can conclude that Bitcoin will be the main tool as a transaction that will be used by the world.

Did you imply, "cowrie shells that do not have intrinsic properties ." I made an analogy between Cowrie Shells and Bitcoin when it comes to a medium of exchange. The lack of intrinsic properties for both Bitcoin and Cowrie shell disallow their usage in transactions until agreed upon by a community.

[luckywomenn]

that's what i am looking for. Bitcoin will be used as official money and we have to redefine money again