Are Cryptocurrencies Really Money?

[Oasisman]

I can't find anything that says about the poll "is cryptocurrency money?" In Twitter. Instead It all says about digital currencies, and I guess digital currencies means those that are created by the central banks.
But, If that poll really exist,then I guess people would really vote for "yes" because cryptocurrency,Bitcoin to be specific has gaining more and more popularity over the Twitter platform and is talking a lot more about cryptocurrency, giveaways, and anything that could actually generate profit which equals to "money".

[MCobian]

I consider cryptocurrency to be really money because I have bought things using Bitcoin several times, although my country prohibits using crypto
for payments. But there are always ways to spend my crypto. Because now it is very easy to spend our crypto, because more and more merchants
are accepting crypto payments. With crypto being used like fiat, it's no wonder many crypto users think of crypto as really money.

[Kong Hey Pakboy]

I consider cryptocurrency to be really money because I have bought things using Bitcoin several times, although my country prohibits using crypto
for payments. But there are always ways to spend my crypto. Because now it is very easy to spend our crypto, because more and more merchants
are accepting crypto payments. With crypto being used like fiat, it's no wonder many crypto users think of crypto as really money.

I also consider cryptocurrency as money because even it doesn't have any physical form, it is still a form of digital or virtual currency that can work as a medium exchange for goods and services. You can also transfer cryptocurrency to someone online like banks. I also experienced buying things using my bitcoin several times on online shopping sites and steam games, that is why it convenient for every crypto user like me to use bitcoin and other cryptocurrencies to make transactions online.

[michellee]

I consider cryptocurrency to be really money because I have bought things using Bitcoin several times, although my country prohibits using crypto
for payments. But there are always ways to spend my crypto. Because now it is very easy to spend our crypto, because more and more merchants
are accepting crypto payments. With crypto being used like fiat, it's no wonder many crypto users think of crypto as really money.

We can use bitcoin to buy something, especially to buy a thing on the internet. Hopefully, in the future, we will see more merchants accept bitcoin as the payment system, and if they do not want to use bitcoin, they can use the altcoin which is not too high to pay the fee. I consider bitcoin is the real money on the internet because, in some countries, bitcoin can not be used as the payment option, and we need to convert our bitcoin to fiat so that we can pay that thing.

[FlightyPouch]

I consider cryptocurrency to be really money because I have bought things using Bitcoin several times, although my country prohibits using crypto
for payments. But there are always ways to spend my crypto. Because now it is very easy to spend our crypto, because more and more merchants
are accepting crypto payments. With crypto being used like fiat, it's no wonder many crypto users think of crypto as really money.

Even though people are not seeing it as money, I do agree that it is money because these days, there are a lot of people, merchants, stores, and platforms that accept it. If this continues, there will be a lot of people that would be using it and would expand its acceptability which we all year in the past, its adoptation which is happening slowly right now.

[Wenbing]

Now peoples in this crypto world are using these as real money because many are able to spend them for their daily uses and we have too many other wasy as well even its just happening in very few countries due to policies and many other factors but good thing adoption is going on with very good rate which mean in near future we will able to handle more communities and things for our use and this crypto could be in better shape for more use in near future.

~~~
 so that the rich in this area slowly begin to come out of the shadows

There are actually people that are rich Wirth bitcoin, and probably other altcoins due to their earlier investment into them but they are scared to declare such assets.

But, the narrative is gradually changing as Forbes recently published billionaires in crypto, that's already a sign of good things.

[finaleshot2016]

Yesterday, while surfing the social media that aggregate trends, Twitter, I ran into what was like a very exciting poll, the best I have seen this year.
The poll was created by International Monetary Fund (IMF) to monitor the two types of virtual currencies which are; the cryptocurrencies and the central bank digital currency.
The poll went thus;
1.   Are central banks digital currency really money? The poll result was Yes (33.8%) and no (66.2%)
2.   Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)
What is your opinion about these polls?

Of course cryptocurrency is real money. Money is used for transactions and anything that can be used to exchange a thing can be called money. I'm wondering why does digital currency is not real money in the poll but if you're looking for the kind of cryptocurrency, it's also a digital currency. Digital currency can be money, as long as you can use it to transact and buy things, it's one of them. While cryptocurrency, it's obviously money, we already bought a lot of things using this currency and already been used by a lot of people.

[posi]

The polls result in shows that people around the world seem not to trust the government and their centralization and since they are unable to manage fiat currency properly nothing guarantees that they will manage the Central Bank Digital Currency. Besides, the institutions shuffling into Bitcoin as their reserve fund have open the mind and eyes of a lot individual that didn't trust Bitcoin before.

This is one of the reasons, nakamoto Satoshi invented the bitcoin, to take the trust we gave to the state from it. The adoption of bitcoin and crypto by institutional investors is not just an indication, it is also a belief in blockchain and other technologies supporting cryptocurrencies.

The institutional crypto investors were indeed not the only thing that indication people believe in crypto than the Central Bank Digital currency the government has in the plan but Satoshi didn't invent Bitcoin to take away the trust people had in the state can he only create Bitcoin as an alternative and solution to any inflation which Bitcoin prove it during the total lockdown.

[suzanne5223]

1.   Are central banks digital currency really money? 2.   Are crypto currencies really money? The poll result

Both the Central bank digital currency and cryptocurrency are money since they can both be use for payment though the government dont support crypto to be legal tender.

1.   Are central banks digital currency really money? The poll result was Yes (33.8%) and no (66.2%)

AFAIK, no country has 'offially' started using CBDC as of yet (correct me if I'm wrong),

Two countries have officially uses the CBDC. According to history Ecuador was the first county to created a version of CBDC in the year 2014-2018 though currency doesnot work with blockchain and the currency transaction are performed through Eduador citizen but the CBDC was later shutdown because low adoption. But China is the only country with official CBDC thats still working till now.

[verita1]

Although in both pools they mention digital currencies. At least we know that the IMF in one of them refers to cryptocurrencies.
As OP says it was such an impressive result. People are sure that they prefer cryptocurrencies over CBDCs.

It remains to be seen what the response of the people will be when CBDCs go into circulation if they will have the expected result or the population will continue to prefer cryptocurrencies.

Of course I support 100% cryptocurrencies or digital currencies as really money.

Are digital currencies really money? #poll

https://twitter.com/IMFNews/status/1349763276465385478?s=19

Are central bank digital currencies really money? #poll

https://twitter.com/IMFNews/status/1350851537749348353?s=19

[pinggoki]

2.   Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)
[/b]What is your opinion about these polls?

Of course it's a big YES! Bitcoin, ethereum and any cryptocurrency is a real money and what we are called them is digital currency. Meaning these digital currencies are real money that is converted into a digital form like coins, tokens and etc. in order for you to make them into a fiat money you need first to convert it into your local fiat money so that you may used it from your day to day basis.

[AndySt]

2.   Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)
[/b]What is your opinion about these polls?

Of course it's a big YES! Bitcoin, ethereum and any cryptocurrency is a real money and what we are called them is digital currency. Meaning these digital currencies are real money that is converted into a digital form like coins, tokens and etc. in order for you to make them into a fiat money you need first to convert it into your local fiat money so that you may used it from your day to day basis.

I do not agree, what can be exchanged for real money is not necessarily money. Bitcoin and other cryptocurrencies in their current state are digital assets, tokens that do not have official circulation in the absolute majority of states and that for real use in any case need to be changed to real fiat money, even in paper, even in electronic form, even on the seller's side, even on the buyer's side. And there are no prerequisites for changing the situation yet, despite all sorts of polls there.

[Janation]

2.   Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)
[/b]What is your opinion about these polls?

Of course it's a big YES! Bitcoin, ethereum and any cryptocurrency is a real money and what we are called them is digital currency. Meaning these digital currencies are real money that is converted into a digital form like coins, tokens and etc. in order for you to make them into a fiat money you need first to convert it into your local fiat money so that you may used it from your day to day basis.

I think people are having some wrong beliefs here.

It is true that we could use Bitcoin and other cryptocurrencies here as a payment or in our transactions that is just because it has value. I won't call it money but a currency, just a cryptocurrency. We don't need to call it money, it is a cryptocurrency, it has value and can be used to pay for things. Money is the valuable paper the banks are distributing and what we are used to using, Bitcoin is way better than those.

[poodle63]

It's money, I mean to become a money something must have these three function:  medium of exchange, unit of account and a store of value and cryptocurrencies well beyond those three things in addition to the ease use of crypto and how easy it's to send money using it.
But to be fair, there's a hate for fiat from a lot of people because money keep getting lower in value as the time goes and thus probably the reason why many people voting banks' digital currency not a real money because it's basically traditional paper money digitalized.

[YOSHIE]

The poll went thus;
1.   Are central banks digital currency really money? The poll result was Yes (33.8%) and no (66.2%)
2.   Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)


What is your opinion about these polls?

No opinion, the percentage answered by many people is correct.

Actually all that is answered here.

1. Central bank digital currency.

2. Cryptocurrency is digital money.

I think the question about it is relatively common knowledge of the wider community in this world.

[GeorgeJohn]

Cryptocurrency is digital money. That means there's no physical coin or bill — it's all online. You can transfer cryptocurrency to someone online without a go-between, like a bank.

The question has be answered because technically, but in addition bitcoin or cryptocurrency at large is money in all ramifications of life, it's higher currency that every other fucking country across the world is using today, what fiat currency does bitcoin performed it more preferable than fiat currency, so no area we can be use to justify cryptocurrency as not money, its very clear that bitcoin are use to purchase anything generally accepted with money so their is no difference between btc and paper money and bitcoin.

[BigBoy89]

Yesterday, while surfing the social media that aggregate trends, Twitter, I ran into what was like a very exciting poll, the best I have seen this year.
The poll was created by International Monetary Fund (IMF) to monitor the two types of virtual currencies which are; the cryptocurrencies and the central bank digital currency.
The poll went thus;
1.   Are central banks digital currency really money? The poll result was Yes (33.8%) and no (66.2%)
2.   Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)
What is your opinion about these polls?

Hmmm... my votes would be exactly the opposite.

IMO money is the papers/tokens you use in daily life and are government approved. Cryptos on the other hand are not money.

[bitgolden]

What we consider as "money" is a bit different and not truly represented by just some twitter poll. Normally we do not consider gold money anymore, back in the day that was money because people exchanged gold coins in exchange of products, king Croesus made sure of that and after that it was a real thing for thousands of years. Now we have paper money but mostly we use are debit or credit cards to pay for something as well, rarely spend cash.

This is why I believe it is quite important that we consider what is the purpose of money? Ever since it was invented, the purpose of "money" is to give it in exchange of a product or a service, do you pay with crypto to buy some things? Sure you can, do you pay crypto for some services? Sure you can. Which shows you that indeed crypto is a currency and it is money, it is not the best optimized one with how long it takes and how expensive it is, but it is still considered one.

[Argoo]

Yesterday, while surfing the social media that aggregate trends, Twitter, I ran into what was like a very exciting poll, the best I have seen this year.
The poll was created by International Monetary Fund (IMF) to monitor the two types of virtual currencies which are; the cryptocurrencies and the central bank digital currency.
The poll went thus;
1.   Are central banks digital currency really money? The poll result was Yes (33.8%) and no (66.2%)
2.   Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)
What is your opinion about these polls?

It is unlikely that these survey results reflect the real opinion of people. Now, few people know about the digitized currencies of the central banks of states. Those who know what it is could not so massively declare that it is not money. We all know that the digitized currencies of the central banks of states, that is, their stablecoins, are the same money of states, only on the blockchain in digital form. It is useless to deny it. People have not yet used them and do not know what it is. How can they reason about it. We need to make sure ourselves of the question posed and the answers to it.

[Abiky]

Yesterday, while surfing the social media that aggregate trends, Twitter, I ran into what was like a very exciting poll, the best I have seen this year.
The poll was created by International Monetary Fund (IMF) to monitor the two types of virtual currencies which are; the cryptocurrencies and the central bank digital currency.
The poll went thus;
1.   Are central banks digital currency really money? The poll result was Yes (33.8%) and no (66.2%)
2.   Are crypto currencies really money? The poll result was; Yes (79.9%) and no (20.1%)
What is your opinion about these polls?

Well, polls are polls. Results can vary depending on how many people participated in it. Polls are sometimes manipulated by their own creators. Based on current results, it seems that most people believe crypto to be real money compared to CBDCs (Central Bank Digital Currencies). Yet, not everyone thinks this way. The vast majority of the world's population is still not aware about crypto/Blockchain tech. For some, crypto is nothing but money made out of thin air which will eventually fade into oblivion. For others, crypto is serious money that can rival Fiat in the future. It all depends on a specific person's perception about crypto.

I'd say that cryptocurrencies are money since they have all of the properties of traditional Fiat currencies with the only difference that no one controls their supply. Crypto is decentralized, allowing you to gain complete control over your financial life. On top of that, its value is determined by people like you and me (instead of a central bank). You can pay with crypto for goods and services just like you would with Fiat. While it does has its limitations, it's certainly better than Fiat itself. Governments and central banks know the true benefits of crypto/Blockchain tech, leading them to create digital currencies of their own. With Bitcoin being sound money for the world, the crypto industry will only grow higher in the future. As real-world resources (like time and energy) are used to "mint" (mine) new coins, crypto is as real as Fiat is. Only those who are against it, will think otherwise. Just my thoughts