Bitcoin fake money? Think again!

[Kakmakr]

Last weekend I spend some time with some of my relatives and one of them were playing a online game called, Forge of Empires. This is a browser-based strategy game with more than 10 million registered users  

The main goal of the game is to expand and develop a city beginning from the Stone Age and ending in the Virtual Future. (They even have Crypto currencies as a tradable commodity within the game)   <Well, not actual Crypto currencies, just a in-game commodity>

So after watching my nephew playing for 1 hour and talking to him, he revealed to me that he spend over $1000 on buying virtual diamonds in the game. <in 6 months>  

We started talking about real Crypto currencies and he immediately started the argument that Crypto currencies are "fake" money and that it was not real money or even a commodity. My counter argument floored him, because I asked him if the diamonds that he bought in the game was real or if the items that he bought in the game was real.?

His whole perspective on Crypto currencies changed, when he realized that digital items can have a value and that the virtual items that he bought within the game had less value than the bitcoins that can be bought and sold.  

He asked me to help him buy some bitcoins and he was very happy after a week, when he saw his investment in the supposed "fake" money, going up in value when the price increased.

Should we confront more people with the argument that most of the digital items that are bought online, might have less value than Crypto currencies.  

Ps. I emailed the developers of the game <InnoGames> and asked them if they might consider accepting Bitcoin as a payment option, but they gave the generic answer that they are open to new payment options, but they cannot give a timeframe for when this might happen. <I think more people should ask them>  

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[Genemind]

I think the topic doesn't belong here. It talks more about bitcoin and bitcoin awareness, not relevant to gambling at all.

It's actually great how cryptocurrency awareness reached young kids even thru games. Since bitcoin is being adapted and used as a form of payment, game developers should consider this too, saving players risk of using credit/debit cards on paying game credits.

Good way on how you enlightened your nephew about cryptocurrency. Number of young people getting involved in crypto is increasing as time goes by, cryptocurrency awareness for newbies should be eminent, for newbies not to get a wrong impression for crypto such as scam or a way to lose your money easily.

[Haunebu]

This post basically belongs in the Bitcoin discussion section which is why I agree with the poster above me.

The biggest problem with transacting with BTC is the process is not that simple when compared to other digital payment methods(Visa, mastercard, Paypal etc) which is why we need a better system when compared to the current one to solve this issue and simplify the process.

[rijaljun]

His whole perspective on Crypto currencies changed, when he realized that digital items can have a value and that the virtual items that he bought within the game had less value than the bitcoins that can be bought and sold.  

He asked me to help him buy some bitcoins and he was very happy after a week, when he saw his investment in the supposed "fake" money, going up in value when the price increased.

This is what called money can buy anything. His perspective changed when he realize that Bitcoin is a valuable thing which is able to give him extra-money. Anyway, I'm glad that you have successfully added new people to know about cryptocurrency, I hope we all can do this. We can influence people to join this future world (I believe so) and make crypto acceptable in our society.

[okala]

First of all you have to move this thread to the bitcoin discussion section and back to you post, many people have misconception about bitcoin and while I was going through your post I discovered that your nephew view about bitcoin being fake money comes from the game he was playing since he was owning fake bitcoin in the game and using it only in the game but his view change when you proof to him that bitcoin exist in real form and is tradable. What most people need is the right orientation about bitcoin and the cryptocurrencies entirely.

[nakamura12]

In my opinion, game currencies had also value because you paid to earn or have it. Game currency could also not having value as game currency is a business by the company of the game to fund their game and profit. In short, game currency has value because you have to pay for it and doesn't have value. The thread should be moved to the correct board.

[dunfida]

~snip~

For a Chipmixer poster.Im surprised that you dont even know on which board would fit out the post you have made.Im pretty sure that you do know that
this has nothing to do with gambling.

On topic where convincing other people about bitcoin wont really be that easy thats why it would depend on your reasoning and deliverance on how you do
describe or define bitcoin

[pushups44]

I agree that people assume bitcoin has no value because it's not tangible, yet they have no problem regarding fiat currencies as having value even though they are now mostly digital. A currency does not have to have a paper asserting it is approved by a particular government. I think it's the assumption that a currency needs to be government backed that drives this belief.

[Oceat]

His whole perspective on Crypto currencies changed, when he realized that digital items can have a value and that the virtual items that he bought within the game had less value than the bitcoins that can be bought and sold.  

He asked me to help him buy some bitcoins and he was very happy after a week, when he saw his investment in the supposed "fake" money, going up in value when the price increased.

This is what called money can buy anything. His perspective changed when he realize that Bitcoin is a valuable thing which is able to give him extra-money. Anyway, I'm glad that you have successfully added new people to know about cryptocurrency, I hope we all can do this. We can influence people to join this future world (I believe so) and make crypto acceptable in our society.

I still have a doubt about of his nephew he doesn't know more about of cryptocurrency and investment. But with his help, if he will help his nephew by teaching him lessons about investment and cryptocurrency. He might be a professional trader someday, who knows?
By letting someone join in the group of traders and investors is kinda hard at first but if dedicated to it then you will have no problem.

[xvids]

Well everyone have their opinion we just have to tell them ourside to clarify things up.
We need to educate them to help them understand and know correct their misguided ideas.

[Xylber]

Last weekend I spend some time with some of my relatives and one of them were playing a online game called, Forge of Empires. This is a browser-based strategy game with more than 10 million registered users 

The main goal of the game is to expand and develop a city beginning from the Stone Age and ending in the Virtual Future. (They even have Crypto currencies as a tradable commodity within the game)  <Well, not actual Crypto currencies, just a in-game commodity>

So after watching my nephew playing for 1 hour and talking to him, he revealed to me that he spend over $1000 on buying virtual diamonds in the game. <in 6 months> 

We started talking about real Crypto currencies and he immediately started the argument that Crypto currencies are "fake" money and that it was not real money or even a commodity. My counter argument floored him, because I asked him if the diamonds that he bought in the game was real or if the items that he bought in the game was real.?

His whole perspective on Crypto currencies changed, when he realized that digital items can have a value and that the virtual items that he bought within the game had less value than the bitcoins that can be bought and sold. 

He asked me to help him buy some bitcoins and he was very happy after a week, when he saw his investment in the supposed "fake" money, going up in value when the price increased.

Should we confront more people with the argument that most of the digital items that are bought online, might have less value than Crypto currencies. 

Ps. I emailed the developers of the game <InnoGames> and asked them if they might consider accepting Bitcoin as a payment option, but they gave the generic answer that they are open to new payment options, but they cannot give a timeframe for when this might happen. <I think more people should ask them> 

Your point of view is a marxist point of view: to your nephew the game currency has more value than the fake cryptos, to you it is the opposite. Who make the most of it?

But your nephew is smarter than a lot of people here: he didn't pay his game with "real money", he paid the service (the fun he gets from the game) with something that a lot of people consider "money" but which is not money, thus "fake money"; the same way spaniards gave the natives of the Americas mirrors in exchange of gold. This is his reasoning (I don't know his age, but it is a good reasoning coming from a child).

[chikading2016]

Bitcoin is a digital crypto currency that has really an amazing value, nlw a days many people really wanted to have bitcoin for good because bitcoin has really a great value and if it will be going to exchange in money we can really get an amazing amount, i think bitcoin is not a fake money it is a digital crypto currency that can be change to fiat in short bitcoin is considered as money.

[Janation]

My friend had the same experience though it did not end well.

He told me that story years ago in their house and it is the first time he knew about it. His parents are talking about points on a platform and he thought he might tell them about Bitcoin but they kind of disagree with it. They think that it is a scam and people are trying to get on it so they can just leave them and run with their money. I can't blame him to not answer that question since as I said, he just knew about it at that time. We just let them time pass and that is when the time that the price reached its ATH and we sold some to prove to his parents that it is not a scam. They have their reasons and still a lot of arguments about it but while the time passes, they are starting to like how their son is earning money with it. I don't know, but all I know is that the last time we talked about cryptocurrencies, his parents are just listening to us.

[TimeBits]

Last weekend I spend some time with some of my relatives and one of them were playing a online game called, Forge of Empires. This is a browser-based strategy game with more than 10 million registered users  

The main goal of the game is to expand and develop a city beginning from the Stone Age and ending in the Virtual Future. (They even have Crypto currencies as a tradable commodity within the game)   <Well, not actual Crypto currencies, just a in-game commodity>

So after watching my nephew playing for 1 hour and talking to him, he revealed to me that he spend over $1000 on buying virtual diamonds in the game. <in 6 months>  

We started talking about real Crypto currencies and he immediately started the argument that Crypto currencies are "fake" money and that it was not real money or even a commodity. My counter argument floored him, because I asked him if the diamonds that he bought in the game was real or if the items that he bought in the game was real.?

His whole perspective on Crypto currencies changed, when he realized that digital items can have a value and that the virtual items that he bought within the game had less value than the bitcoins that can be bought and sold.  

He asked me to help him buy some bitcoins and he was very happy after a week, when he saw his investment in the supposed "fake" money, going up in value when the price increased.

Should we confront more people with the argument that most of the digital items that are bought online, might have less value than Crypto currencies.  

Ps. I emailed the developers of the game <InnoGames> and asked them if they might consider accepting Bitcoin as a payment option, but they gave the generic answer that they are open to new payment options, but they cannot give a timeframe for when this might happen. <I think more people should ask them>  

did you ask him if bitcoin is fake money
what is usd,cad,euro and the yen?

[TheKeyLongThumbI]

Last weekend I spend some time with some of my relatives and one of them were playing a online game called, Forge of Empires. This is a browser-based strategy game with more than 10 million registered users  

The main goal of the game is to expand and develop a city beginning from the Stone Age and ending in the Virtual Future. (They even have Crypto currencies as a tradable commodity within the game)   <Well, not actual Crypto currencies, just a in-game commodity>

So after watching my nephew playing for 1 hour and talking to him, he revealed to me that he spend over $1000 on buying virtual diamonds in the game. <in 6 months>  

We started talking about real Crypto currencies and he immediately started the argument that Crypto currencies are "fake" money and that it was not real money or even a commodity. My counter argument floored him, because I asked him if the diamonds that he bought in the game was real or if the items that he bought in the game was real.?

His whole perspective on Crypto currencies changed, when he realized that digital items can have a value and that the virtual items that he bought within the game had less value than the bitcoins that can be bought and sold.  

He asked me to help him buy some bitcoins and he was very happy after a week, when he saw his investment in the supposed "fake" money, going up in value when the price increased.

Should we confront more people with the argument that most of the digital items that are bought online, might have less value than Crypto currencies.  

Ps. I emailed the developers of the game <InnoGames> and asked them if they might consider accepting Bitcoin as a payment option, but they gave the generic answer that they are open to new payment options, but they cannot give a timeframe for when this might happen. <I think more people should ask them>  

I'm sure that devs of that game will just follow the trend of accepting btc if it gets adapted. But back to the topic, btc already has its innovative use but the 'need' which is always the number one ingredient in a product or service is still not present on people so we just need to make them feel it like the way they need the items or skins in a video game.

[TheWalkingCoin]

Bitcoin is the real money and you can take profit with bitcoin by investing and trading, how ever is not true when some one talk about bitcoin is fake because bitcoin is digital e currency money and you will be able getting much profit.

[CryptoBry]

Bitcoin is the real money and you can take profit with bitcoin by investing and trading, how ever is not true when some one talk about bitcoin is fake because bitcoin is digital e currency money and you will be able getting much profit.

Exactly! Bitcoin can be medium of exchange so it is actually money for that matter though this is digital. Just like eBooks, digital can have real value and can do what their physical counterpart (printed books) has been playing for as long as we can remember. We are now in the different period of our history where big changes is happening and will continue to happen. We just have to be prepared with open mind. The future of money is with cryptocurrency that is why many big names in many industries are now starting to invest with it including the blockchain so they can issue their own digital token which can have the value of money.

[bitzizzix]

Why bitcoin is called fake money, because bitcoin is a digital currency that doesn't materialize or isn't real but is very valuable.
and bitcoin as the world currency that can be used to buy anything by exchanging bitcoin with real fiat or money and adjusting any currency and many ways depending on the progress of the country in using and developing the bitcoin where they live.

[r1s2g3]

A nice story OP but I do not how your nephew will react if price drop again.
In my view it does not make sense to compare game ( where you pay for entertainment ) vs Bitcoin ( i.e used for investment and payments).

[CryptopreneurBrainboss]

Just like your nephew didn't understand before, others in the world too fails to understand that money can be said to be anything any two or more individuals gives value to and intend to accept in exchange for goods or services. Just like those virtual diamond he bought with his fiat currency, they too can be said to be worthless (fake money) to those who don't understand the usefulness of the diamond so is bitcoin and they're worth some value to those who do understand its value and accepts it as a means of payment. Many people are so brainwashed that they begin to think any thing that isn't approved by government body can't be considered a currency, education them (just as you did to your nephew) is the only way we can help them understand bitcoin isn't fake money but the real deal.