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Mike Mayor
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May 22, 2019, 05:53:41 PM |
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Isn't money just something of value people trade between one another. It has value because we have agreed to give it value and allow us to carry with us currency. So we can trade with a few different currencies but by thousands of things. This way we don't need to carry thousands of things around because the "money" has a rating that can be exchanged for those things. That is all money is really.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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thirdlight
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May 22, 2019, 06:33:14 PM |
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It seems to me that Bitcoin is just money. Because there is a certain amount of it and it has value. I believe that if it explodes legally, it will be a coup in the economy.
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miropp
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May 22, 2019, 07:07:56 PM |
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I'm really interested in what will happen to bitcoin when it is extracted completely. It really can be attributed to some limited edition. After all, two developments are possible. Either bitcoin will become a payment method and be stablecoin or its price reaches huge values. I'm interested to see that.
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uray
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May 22, 2019, 07:22:23 PM |
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Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
You can interpret what ever you like, you can purchase products with that art work and sure it is a limited edition and still there is no concrete answer on why he choose that particular figure for the maximum amount of coins, you just started a topic and you have nothing else to say, what is your understanding of the technology and the art market which is soaring above $200 billion as i write  . |
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Dilerium90
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May 22, 2019, 07:27:05 PM |
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With the same success we can say that Milk is not money. And what is there to understand. Yes, Bitcoin is not money and gold is not money. But as long as people are ready to give good money for Bitcoin, it will be valuable.
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DreamStage
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May 22, 2019, 08:10:33 PM |
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Sure it is money  How will you get Bitcoin in form of virtual currency? You need someone to actually buy or mine for you to get those so called Bitcoins right  If it was some Virtual Game currency then yeah i would not call it money since you can not exchange it with fiat. |
Nothing to see here
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trickyriky
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May 22, 2019, 08:17:03 PM |
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Let say bitcoin is not fiat money, but bitcoin has a lot of value and is like gold but when we want to buy or to sell bitcoin we use fiat money because on most shops is not accepted bitcoin.
If it is called currency already, I will be not too much surprised if soon we will hear that Bitcoin now is qualified as money as well. By the way, it is a type of money already - you can buy things for it, correct? |
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martychubbs
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May 23, 2019, 02:35:45 PM |
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hello! I think that that it’s difficult to define what is money and what is not. Fiat is paper with a numbers on it, it’s just a symbol.
Then btc is a symbol too. Going digital is just a transition into new society where electronics prevails.
And such things happen not only with money, as we’re talking about robots replacing humans lately.
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muratsink
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May 23, 2019, 09:28:38 PM |
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in my opinion, BTC is a currency that is not recognized by the world. the meaning is BTC is only used as an asset for investment and trade.
very sad. BTC progress is very good. but the public doesn't care about BTC and other crypto. in the future, I hope the world will accept BTC as a legal transaction tool and become a legal currency.
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shesheboy
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May 23, 2019, 10:23:42 PM |
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in my opinion, BTC is a currency that is not recognized by the world.
Its already recognized by most countries and btc is not just a currency but its also an asset . the meaning is BTC is only used as an asset for investment and trade. very sad
Not really . Most people uses thier btc only for an asset use while there are some that uses thier btc for payment and buying . You dont need to feel sad because thats only normal and infact that was the reason on why btc prices rises the most . BTC progress is very good. but the public doesn't care about BTC and other crypto. in the future, I hope the world will accept BTC as a legal transaction tool and become a legal currency.
Indeed , btc is improving but it cant improved if people didnt care about it . Btc is accepted as s legal transaction tool only for those country that accept and legalize it . |
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Pagri
Jr. Member
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Activity: 112
Merit: 2
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May 23, 2019, 10:30:57 PM |
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Bitcoin is money because you can make a large number of transactions and economic exchanges that are only affordable for those that have the necessary capital to carry them out, such as the purchase and sale of goods and services, investments, loans, etc.
The fact that some businesses do not accept bitcoin as a valid form of payment does not diminish its value and importance, just as the fact that in some places they do not accept credit cards but this does not diminish their importance in the financial sphere.
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veil ///// PRIVACY WITHOUT COMPROMISE. /////
https://veil-project.com/ |
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Gibreil
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May 23, 2019, 11:14:34 PM |
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Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
Yeah, we know it already. Money is paper currency and bitcoin is digital currency. Though they have the similar characteristics, they differ from their own appearance. Bitcoin can be sent international without going outside your house. If you just have internet and bitcoin, you can pay all time. |
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suzanne5223
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May 23, 2019, 11:21:34 PM |
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Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
If I say that gold isn't money then you or your family will not use it? Although bitcoin isn't paper money but it's worth of money like gold. You can't imagine after TEN years where will go bitcoin. Who know bitcoin would use as international currency like USD. As a part of digitalisation bitcoin community is growing very fast and we will see a another revulsion on coming days. Just need change our mind and think positive about bitcoin. Never mind the OP because he seems not to understand the definition of money before concluded that Bitcoin is not money for anything that is serve as medium of exchange is money. However, the only thing which make Bitcoin different to fiat is because it can held and back by fed while Bitcoin is a true symbol of democracy. |
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Dreamchaser21
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May 23, 2019, 11:27:23 PM |
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Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
Yeah, we know it already. Money is paper currency and bitcoin is digital currency. Though they have the similar characteristics, they differ from their own appearance. Bitcoin can be sent international without going outside your house. If you just have internet and bitcoin, you can pay all time. That’s true, bitcoin is a better currency as of posting because of that great technology where you can transact around the world without hassle. Bitcoin is not a money but it can give you money or profit where you can use to reinvest or buy things in real world. |
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cok_elat
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May 24, 2019, 12:09:58 AM |
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Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
but in my opinion bitcoin can also be said as money because it has some feature that money has such as can be used as payment tools and has value |
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marcbitcoins
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May 24, 2019, 12:22:02 AM |
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Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
Money can be use to buy and pay any things for living so Bitcoin curency too. If real money can be use in legal and illegal activities same with the Bitcoin too therefore Bitcoin like fiat is the same money and the same concept but just in different platform. So no doubt Bitcoin is a money too. |
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Eraldo Coil
Member
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Activity: 448
Merit: 10
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May 24, 2019, 12:28:41 AM |
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I really don't understand what you are trying to point up here. Clearly bitcoin has something to do with money since it has a price in USD or other fiat currencies that are really huge. Some of the people don't just accept payments in bitcoin but clearly bitcoin is a currency and you can purchase things by using it.
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Initscri
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May 24, 2019, 01:34:46 AM |
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So, it's money.
Literally, you could say the same thing about dollar bills. Money is anything that holds value/can be bartered w/.
It's statements like these which will only confuse the public about bitcoin more. It's money.
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LogitechMouse
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Chancellor on brink of second bailout for banks
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May 24, 2019, 01:48:01 AM |
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According to google, money is a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively. Bitcoin is considered a "coin" so it is considered money too. Its just that Bitcoin is only digital but it is considered money OP. Maybe you are just one of the stupid newbies here and you just created a brand new account to spread some stupid information . Well done . |
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Al-e_x
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Activity: 560
Merit: 11
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May 24, 2019, 01:53:37 AM |
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But bitcoin can be used as a payment tool, and not only that, bitcoin can also be used as a means of investment
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