Money vs Bitcoin

[Asiska02]

Bitcoin is not just money, and no matter how many times people chant it is only money and nothing else, it will never be true cos all of these guarantees are provided by three simple technical building blocks: private/public key cryptography, merkle trees, and hash algorithms.
Bitcoin is a digital monster, and it will eat everything. The only thing challenging the existence of Bitcoin is "time" cos as time goes, Bitcoin goes.

Bitcoin was designed to be used as an alternative for the fiat currency and I will say it defines bitcoin as another form of money in digital form. Bitcoin can be used as a medium of exchange, can also be used as an investment asset that one can invest in and earn massively overtime. With this distinctiveness between money and bitcoin, it makes bitcoin a more reliable currency than the fiat which has been widely pegged by centralization and controlled by the government unlike bitcoin that is decentralized and has a lot of technology surrounding it that makes it difficult to be centralized or controlled by a single or multi entity.

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[coolcoinz]

Money is supposed to be a medium of exchange, unit of an account, and a store of value. However, our money today is far from a store of value. Nowadays, people must earn their money twice: first, work to earn a paycheck, and secondly, figuring out a way to invest a portion in assets or financial products because their money lose value due to inflation and currency debasement.

It's even worse than that.

You first have to earn it. Your employer pays tax on every worker he employs, so he has to cut your pay to be able to afford to pay the government.
Then you are taxed on your share. First they tax your income, then they tax products you buy with that income with different taxes like excise.
If you put the money in the bank you're taxed with inflation.
Put it to work in a brokerage and you pay tax on whatever you make from it.

The answer is bitcoin - hold it and nobody knows you own it. If by any chance it grows in value significantly you'll be able to go somewhere where there's no bitcoin tax and live like a king and should you decide to leave it to your children they won't have to pay any inheritance tax and hold it for as long as they like. It's like an untouchable and uncontrollable vault that holds your wealth.

[strictly0nGod]

FIAT ( USD, EUR, GBP, JPY etc) is not money.

This is the only comment that have made me relief. Fiat is not money.
Money's definition is any thing that can be used to exchange goods from one person to another, in a lay man understanding. From barter exchange to cowries, golds and silver,  boiling down to fiat ( this is when the existence of fiat or paper money emerged). As man advances in technologies like ICT emerged e-money, bank wire, credit and debit cards etc...

2009 Almighty btc emerged. Without money no BTC.

[Gladitorcomeback]

Traditional money or fiat is more a medium of exchange than a store of value because it's affected heavily by inflation and you can't consider something a store of value if it tends to devalue over time because of economic ups and downs.

No one can call Bitcoin just a medium of exchange because it isn't, it has multiple features and properties and that is the reason why it's so popular only within the second decade of its creation. People know that Bitcoin can be a great store of value because instead of their money devaluing over time, it gains more value if handled in a good way.

So most people these days are using Bitcoin more as an investment asset and an store of value than a medium of exchange because it is not yet accepted everywhere to be used as a medium of exchange.