Btc not money

[samuraijin]

Actually the difference between Bitcoin and money is the same, there is no difference, it's just that money has been patented to be a means of payment in all countries. Have you ever thought if the money is in our ATM card or in mobile banking it will be in the form of money, definitely not, and looks like digital, the only difference is that if we take money at an ATM and the tool will come out, namely money, but unlike bitcoin we can't make bitcoins into the form of money, because bitcoin has always been set in digital form, and to be honest in My country hasn't been legalized to accept Bitcoin as a means of payment, and its users are still silent..

[tam31]

Btc does exist even if it's online and no we can't just unfollow the rules on our country because we will be punish if someone caught us. If crypto is not money then what about paypal and other digital money? Not because they exist in the computer, they aren't real anymore. Maybe for those scams and fake digital currencies yes. No need for the crypto to have its own physical form because there's already a fiat money. That what makes it unique plus it's a hassle to carry cash with you at all time.

You can lose it and it can be easily stole to you but cryptos are more convenient and more secure. More important is that we have more freedom with it.

[Jeger.Kiting]

Yes Btc indeed is not real money, which can be spent or bought some things you want in shops and supermarkets. Btc is just digital money that only looks like an ordinary number but has its own privileges if you have it. Very different from the original fiat which can be exchanged for any item in all shopping stores and is also recognized for everyday use.

[JayTrain]

to some extent, you are right, but if bitcoin can be exchanged p2p for fiat money, then why not call it the same money, because the conversion of btc to bank cards is already available even on many exchanges.

[darkangel11]

Btc and crypto not MONEY its a private thing and everybody should deal with crypto same as they go to toilet nobody dont talk loud what they do in toilet so you should t share info of ur crypto either becouse its even dont existing in real life nowhere.

Best comparison I've seen in a while.

Crypto is like a toilet - private! -325btc 2022 A quote to remember. I'll add it to my list

I guess what you do in the Internet also doesn't really exist, so if I break into an exchange and take some bitcoins the police shouldn't go after me. I'll remember to use your line of defense if they get me. I stole something that doesn't exist in the real life so I shouldn't be prosecuted for it and don't ask me about it because it's a private thing.

[Rupok]

Bitcoin is taking over many industries.  If we think bitcoin is not money then it is also true that gold is not money.The country is now very digital, people are more inclined towards digital currency from cash money.Anyone with access to digital technology can easily transact money or BTC directly.Anything that has value and can be converted into currency is related to currency or money. Bitcoin is a digital currency that has value and can be converted into currency.We have earned many currencies from Bitcoin. Although Bitcoin is not physical so they consider Bitcoin as digital money.

[Esther C]

Btc is not money stop following your country rules and regulations u cant regulate something what doesnt exist.
Btc are digital the money is only when you sell or buy if fiat transactions involved then we talk about this fiat transactions and its no matter for what those transactions was.
Btc is just in the computer some digits and its not money neither stable coins not money.

Crypto is not money the money start with fiat currency.

If you have crypto 50$ and give to someone then he give u fiat then if its conducted by bank transaction then there is no need to mention even crypto becouse it could be same as you give someone money or you receive.

Yes there is some rules and regulations but its all nonsense.

Btc and crypto not MONEY its a private thing and everybody should deal with crypto same as they go to toilet nobody dont talk loud what they do in toilet so you should t share info of ur crypto either becouse its even dont existing in real life nowhere.

Yes there is laws and regulations but its all nonsense bs yes you have to follow this just keep your mind its all bs

It might not be a handheld currency, but it’s translates to money at the end of the day imo.

[Oasisman]

Yes Btc indeed is not real money, which can be spent or bought some things you want in shops and supermarkets. Btc is just digital money that only looks like an ordinary number but has its own privileges if you have it. Very different from the original fiat which can be exchanged for any item in all shopping stores and is also recognized for everyday use.

What are your definition or real money btw?
Is it something tangible? Can be accepted in shop and supermarket? Well, I can say my local fiat currency is not acceptable is the USA. Does my local fiat currency not real money? Same goes for the Dollars here in my country, it is not acceptable to majority of the stores, shops, and market coz people around here always prefer the local currency.
Would you mind giving me your Btc? It's not really money for you anyway lol.

[Mpamaegbu]

If you have crypto 50$ and give to someone then he give u fiat then if its conducted by bank transaction then there is no need to mention even crypto becouse it could be same as you give someone money or you receive.

I understand your line of argument from that perspective I quoted as it seems you're using the notion of Bitcoin's exchange into fiat first to counter it being money. Don't forget that there are several instances where there aren't any swap to fiat for Bitcoin transactions, especially in countries where it's accepted as legal tender. Goods and services are bought directly in Bitcoin without going through fiat in such countries. Come to think of it, isn't money anything that's generally accepted for the exchange of goods and services? Does Bitcoin not meet that criterion? Of course, it does.

[mv1986]

Btc and crypto not MONEY its a private thing and everybody should deal with crypto same as they go to toilet nobody dont talk loud what they do in toilet so you should t share info of ur crypto either becouse its even dont existing in real life nowhere.

Best comparison I've seen in a while.

Crypto is like a toilet - private! -325btc 2022 A quote to remember. I'll add it to my list

I guess what you do in the Internet also doesn't really exist, so if I break into an exchange and take some bitcoins the police shouldn't go after me. I'll remember to use your line of defense if they get me. I stole something that doesn't exist in the real life so I shouldn't be prosecuted for it and don't ask me about it because it's a private thing.

Lol!

I honestly had to read the quote twice in order to fully understand the intellectual stretch here by 325btc Indeed not a bad comparison!

@325btc I'd probably enjoy reading some more of those genius comparisons. Should you have another one ready to be dropped here, I am all ear!

Anyway, the discussion whether Bitcoin is money or not is so old. Why would it not be money? There are two (or more) ways to look at it: we can use existing definitions and philosophical viewpoints in order to judge whether or not it should be considered money. The other way is to just rely on the respective institutions to acknowledge it as such. The problem with the latter viewpoint is that relevant institutions and authorities have an incentive to not acknowledge Bitcoin as money or an official currency.

One thing is for sure though, that even existing definitions will need to evolve in order to capture newly developed forms of value transfer. When somebody came up with a definition for money 100 years ago, that definition obviously couldn't capture digital transfers as they haven't existed back at the time.

Bitcoin still evokes a lot of heated discussions regarding its status as potential money, but at the same time those discussions might soon be a thing of the past and it is quite normal for people to deem Bitcoin money. Never could it be expected that such a revolutionary system will officially be acknowledged all around the globe as an official monetary system. Bitcoin, or some form of a decentralized digital value transfer system, will certainly stay and establish itself as an integral part of the global payments economy.

[mich]

I absolutely do consider Bitcoin money. I can easily convert my coins to fiat at any time and use it as a way to store value; the same as money. BTC is not physical money but it is a form of digital currency and functions much the same way.

Crypto is not yet exchangeable by central banks but I think that will change soon. I suspect more and more countries are going to follow El Salvador's lead and adopt BTC as legal tender.   

[KingsDen]

What is money?

Can we say money is anything that gives one a purchasing power?;
Can money be a medium for exchange of goods and services?;
Can we say that money is a store of value;
If the definitions above are correct, bitcoin can be regarded as a currency.

Then, if the only definition of money is a paper whose human head is printed upon and has the ability to be used as an exchange for goods or services, perhaps a legal tender. That means bitcoin is not money.
So, decide on what makes money, either the value it carries or the paper it is.

[GeorgeJohn]

Yes, Bitcoin is a digital asset just like a comment, domain name, picture, etc.

It's just code or encrypted text. What you pay to own a piece of the blockchain is pure speculation.

Bitcoin is money and it's been placed as a digital currency. Because with cryptocurrency and especially bitcoin you can purchase anything you want with bitcoin without been biased for any single transaction. Secondly bitcoin can be used to do anything that fiat currency can do. So therefore Bitcoin is money and money is Bitcoin. Because what money can purchase bitcoins can equally purchase it

[livingfree]

A few years ago many from the circle of my friends knew that I'm into bitcoin until the bear market came and no one talked about bitcoin anymore and most of them stopped being interested.

But I still pushed and continued until the recent bull run came.

What I've learned is what you've said that the same as going to the toilet, we shouldn't be loud and tell people that hey, I'm a bitcoiner. Remaining low profile did gave me peace and space so, on that part, I agree to you.

[Altryist]

A few years ago many from the circle of my friends knew that I'm into bitcoin until the bear market came and no one talked about bitcoin anymore and most of them stopped being interested.

But I still pushed and continued until the recent bull run came.

What I've learned is what you've said that the same as going to the toilet, we shouldn't be loud and tell people that hey, I'm a bitcoiner. Remaining low profile did gave me peace and space so, on that part, I agree to you.

You will never hear from a wise person how he boasts of anything, or even shares, especially when it comes to money. Probably it comes with experience, the more lessons life gives you, the more accurate you become. The less you tell others, the less envious and competitors you will end up with. I learned this bitter lesson from my own experience, now I will think 7 times before I tell anyone about my affairs 1 time.

[decodx]

Bitcoin is forbidden in many countries ‍as well as allowed in some countries.
<...>

Where did you get such information? I think it's actually the other way around; Bitcoin is allowed in many countries and forbidden in some countries.

According to this map from the coin.dance website Bitcoin is unrestricted in 132 of 257 countries/regions.

[Cryptomiles1]

If so what about those countries that has bitcoin ATM machine, they withdraw and deposit through same machine. Can't we call it fiat?
Still physically spendable as fiat most of the restaurant, eatery and shopping mall accepted as means of exchange for goods and services so it can be considered as fiat

[Sodiumdicromate]

Btc and crypto not MONEY its a private thing and everybody should deal with crypto same as they go to toilet nobody dont talk loud what they do in toilet so you should t share info of ur crypto either becouse its even dont existing in real life nowhere.

Cryptocurrency is a digital asset so I consider it money, having a cash that I want to invest into Bitcoin, then I exchange my cash into a digital currency it still count to me as my money. People have their opinions but mine is what it is. My money is my money no matter any form it is symbolized. Crypto is a good commodity that can only be privatized my it's owner because they want to and also the limited acceptability in most countries. People can share information about their asset no matter the form of the assets but it's at their risk.
Thank you, Sodium.

[livingfree]

A few years ago many from the circle of my friends knew that I'm into bitcoin until the bear market came and no one talked about bitcoin anymore and most of them stopped being interested.

But I still pushed and continued until the recent bull run came.

What I've learned is what you've said that the same as going to the toilet, we shouldn't be loud and tell people that hey, I'm a bitcoiner. Remaining low profile did gave me peace and space so, on that part, I agree to you.

You will never hear from a wise person how he boasts of anything, or even shares, especially when it comes to money. Probably it comes with experience, the more lessons life gives you, the more accurate you become. The less you tell others, the less envious and competitors you will end up with. I learned this bitter lesson from my own experience, now I will think 7 times before I tell anyone about my affairs 1 time.

That's true.

And if we tell someone our plans, we don't know if they like us to be successful or they're already thinking negatively on how it will end up. That's why it's better to have that peace of mind by just minding our own businesses.

Do good on it and let the success be the noise as the quotes say.

When the money topics is on the line, everyone wants to listen. But when it's the actual thing and it doesn't look good, no one wants to listen and everyone starts to scatter away from us.

[lalabotax]

Btc is not money stop following your country rules and regulations u cant regulate something what doesnt exist.

Following the rules and regulations of a country is a must, you have the responsibility to obey them since you are a part of the country.
What do you mean doesn't exist? You are trying to fool us that BTC doesn't exist? Dude, BTC really exists, you can see that people transfer it from some wallets to other wallets. But surely it is in the digital world, that's why people call it a digital asset or a digital currency.

Crypto is not money the money start with fiat currency.

What do you mean? Do you mean crypto should be available to change with fiats? Yes, it surely can be changed with fiats.
If you mean crypto should have a printout form or a physical form, it is not a must since they are created with the concept of a digital system. There is nothing wrong with this concept as long as people can accept it and can use it without a problem.