What is money?

[Franklyn-wood]

Gold is money. Bitcoin is even better money than gold.Bitcoin is not like gold. It does not need usurers or money changers to store it for you.You do not need banks.

This it true actually fiat aren’t money actually but bitcoin is right! Now can we put all that aside and think of how  volatile bitcoin price is within short time ?

I totally understand your point, but thats how we’ve met the system. for our daily spending we actually need those papers and not those real money like gold and bitcoin you’ve mentioned.

Yes of a true what we all need now is something more that the generally know fiat we are familiar with.
Some one I was discussing with about the importance  of buying stocks down for future purpose and the value added benefits after few years of keeping this. The longer it stays the more rewarding it becomes and it really appreciate beyond any thing one can talk about any where. Bitcoin has been proven as the only reliable coin that every one can bothe the rich and the poor, Educated and non educated.

[AgriTrack]

Yes of a true what we all need now is something more that the generally know fiat we are familiar with.
Some one I was discussing with about the importance  of buying stocks down for future purpose and the value added benefits after few years of keeping this. The longer it stays the more rewarding it becomes and it really appreciate beyond any thing one can talk about any where. Bitcoin has been proven as the only reliable coin that every one can bothe the rich and the poor, Educated and non educated.

Money is something that is used to buy things and make transactions. Money is only necessary for living, with which we can buy the important things of our life. People work hard and receive their money in return for their hard work and live their life. Today, money exists in many forms, as different currencies are used in many countries, such as the pound currency used in London. People save money and keep it safe in banks etc. so that it can be used in difficult times tomorrow. Money is useful in trade and business. Money plays an important role in human life. Without it, a person cannot buy anything. Money not only fulfills the needs but also strengthens the economy

[Johnlomape]

Yes of a true what we all need now is something more that the generally know fiat we are familiar with.
Some one I was discussing with about the importance  of buying stocks down for future purpose and the value added benefits after few years of keeping this. The longer it stays the more rewarding it becomes and it really appreciate beyond any thing one can talk about any where. Bitcoin has been proven as the only reliable coin that every one can bothe the rich and the poor, Educated and non educated.

Money is something that is used to buy things and make transactions. Money is only necessary for living, with which we can buy the important things of our life. People work hard and receive their money in return for their hard work and live their life. Today, money exists in many forms, as different currencies are used in many countries, such as the pound currency used in London. People save money and keep it safe in banks etc. so that it can be used in difficult times tomorrow. Money is useful in trade and business. Money plays an important role in human life. Without it, a person cannot buy anything. Money not only fulfills the needs but also strengthens the economy

Money is an exchange of goods and services. It doesn't literally means fiat. If a group of people decided to exchange their goods through a medium that will facilitate the exchange, that can be seen as money. Money can be a physical metal or digital in as much as there is an agreement between the parties that are involved. You can easily exchange your Bitcoin for fiat which can be seen as money since their is a binding agreement between the both parties.

[Gamanka@@]

This is the oldest preserved paper receipt, issued by money changers and usurers to people who deposited their money, silver, or gold. It is the so-called banknote, dating back to 1666. As far as I have researched, I have not seen any older example that has survived to this day.

https://postimg.cc/1gF1FB24

Money is a currency  or banknote that deals with many affairs,  such  as exchange rates of goods and services, its  also a means of survival of the daily necessity of humans, for instance feeding, shelters, and also  many more that has to do with banknotes.

Money is a standard that  deals with issues as social problems  and  instability humans so money covers alot in life  money gave humans a better life and also it brings unity between nations.

[Adams0001]

Actually, money itself is not a bad thing, rather it is a tool. You can make life easier with it, but if you use it incorrectly, you can also increase the pressure on yourself. So instead of saying "money obsession", I will say that our relationship with money is the real issue. So I think that both money and life are necessary, one cannot be maintained without the other. Without money, the struggle increases, and if you only run after money, peace decreases. So the real skill is to maintain balance, so that money works for us, not us for money.

Money is very important in our life because if we have money things can go well and make everything easier but some don't know how to manage money they don't have plan they spend anyhow and that make some people regret when they don't have money anymore because when they have they didn't plan they spend the way they like no any plan business or investment that can make you continue to go. You're right money and life works together because without life how can you spend money and if they is life and you don't have money you will struggle and many things will be difficult for you, so if you can have both everything will definitely be better.

[Crypto_Timothy]

Money is something you use for exchange of value. I don't really see money as an item or a particular physical concept, I see money as whatever you can use as exchange for value. I know it may not sound so, well, sound but let's look at this concept.
There used to be trade by barter where people just genuinely trade 2 goat for vegetables amongst themselves, in the regard body people are receiving something of value to themselves. I like to to think that same system still applies now, people exchanging goats but then giving you paper equivalent of the goats, like it's still exchange of value but that paper now represents the bargaining power.

[Akbarkoe]

Money is something you use for exchange of value. I don't really see money as an item or a particular physical concept, I see money as whatever you can use as exchange for value. I know it may not sound so, well, sound but let's look at this concept.
There used to be trade by barter where people just genuinely trade 2 goat for vegetables amongst themselves, in the regard body people are receiving something of value to themselves. I like to to think that same system still applies now, people exchanging goats but then giving you paper equivalent of the goats, like it's still exchange of value but that paper now represents the bargaining power.

In the beginning paper was a gold ownership letter used by the banks, they called it a receipt or whatever it was, what was clear was that money was a letter, barter was difficult to find value so people began to turn to something that was considered valuable simultaneously and could be exchanged, although there were still some areas and continued to do so.
If Nixon had not made the decision to renounce gold and the dollar, we might still be relying on gold as one of value today, because the dollar is just a letter of ownership of gold that can be easily traded and carried instead of gold.
We are still the same today, but we have a measure of fiat.

[cxtreenal]

Money is something you use for exchange of value. I don't really see money as an item or a particular physical concept, I see money as whatever you can use as exchange for value. I know it may not sound so, well, sound but let's look at this concept.
There used to be trade by barter where people just genuinely trade 2 goat for vegetables amongst themselves, in the regard body people are receiving something of value to themselves. I like to to think that same system still applies now, people exchanging goats but then giving you paper equivalent of the goats, like it's still exchange of value but that paper now represents the bargaining power.

It is not just a piece of paper, it is a value that the government of that country has covered with a value. The government of a country prints on a piece of paper how much a piece of paper will be worth. Literally, the system of printing on paper is just a medium of exchange but it has no intrinsic value. For a long time, the value of paper money has been decreasing. Among valuable assets, gold has an intrinsic value and historically there has been a demand for this metal. Bitcoin is considered as digital gold.

The use of paper as a means of exchange is gradually transforming into a cashless system but it is operated under the policies of the central bank and the government directly manages the monetary system centrally. Instead of keeping cash beyond the amount needed for goods and services, accumulate gold or digital gold (Bitcoin) because these assets have an intrinsic value but the value of fiat is gradually eroding.

[viljy]

For thousands of years, the market chose gold as money.

For most of human history, money has been silver, not gold. At least in Europe, since the Roman Empire (Roman silver mines in Spain). Trade along the Great Silk Road was also based on silver, which went to China.

Gold is money. Bitcoin is even better money than gold.Bitcoin is not like gold. It does not need usurers or money changers to store it for you.You do not need banks.

If we remain objective, then we must admit that in comparison with gold, bitcoin has not only advantages, but also disadvantages. Bitcoin needs the Internet and miners, which require electricity to operate. End users need devices with internet access (computers or smartphones). Gold doesn't need anything.

Is gold difficult to hide (store) and transport? Well, it can be a virtue in a certain situation. For example, it happens that the owner of cryptocurrencies is abducted, who under torture gives his cryptocurrency to extortionists. Compare it with gold. In a similar situation, it is much more difficult for criminals to hide and carry bullion, and there is even a chance to return this gold when criminals are caught. Unfortunately, this is impossible with cryptocurrency.

Austrian School of Economics makes sense. And once you understand money through that lens, it becomes clear why Bitcoin has the potential to replace all Fiat currencies.

No deflationary currency can be money in an economy based on debt. Therefore, bitcoin can be an asset to provide currency, but not the currency itself. And bitcoin is perfect for this role. In fact, to some extent, the model of this is already being implemented by Michael Saylor (shares of Strategy Inc.).

Due to the increase in the price of bitcoin (over a long period of time), something remotely similar to a money multiplier (for a certain currency backed by bitcoin) can work. Then the "debt" is formed for the future increase in the price of bitcoin, or we can say that the price increase is taken from the future to the present.

Please note that, for example, a stablecoin (for example, DAI) backed by bitcoin or other cryptocurrencies works differently. Although it is also a currency backed by deflationary assets, there is no semblance of a monetary multiplier here. It's just a crypto-pawnshop. Whereas Strategy is at a much higher stage of progress. In other words, in this situation, decentralized stablecoins are like the receipts of a medieval moneylender, whereas Strategy is a digital bank from the future. Well, that's something like that.

[gracreavix]

Money is something you use for exchange of value. I don't really see money as an item or a particular physical concept, I see money as whatever you can use as exchange for value. I know it may not sound so, well, sound but let's look at this concept.
There used to be trade by barter where people just genuinely trade 2 goat for vegetables amongst themselves, in the regard body people are receiving something of value to themselves. I like to to think that same system still applies now, people exchanging goats but then giving you paper equivalent of the goats, like it's still exchange of value but that paper now represents the bargaining power.

Money really is just a medium of value exchange, not necessarily the physical thing itself. Whether it’s goats in barter or paper, or even digital numbers today, it all still comes down to trust and agreement between people on what holds value.
The form can change, but the principle remains the same.

[HelliumZ]

Money is a medium of exchange where you can buy and sell goods and create value. It is a form of investment that is given a specific value by the government and central bank of a country, subject to special permission and approval.
You can't just print money whenever you want, you need special permission from a country's central bank and government. Printing money depends largely on how advanced a country is by international standards.

[FanEagle]

Money is a medium of exchange where you can buy and sell goods and create value. It is a form of investment that is given a specific value by the government and central bank of a country, subject to special permission and approval.
You can't just print money whenever you want, you need special permission from a country's central bank and government. Printing money depends largely on how advanced a country is by international standards.

This is it, it's that simple. It's like the "points" system in a game, you play and level up and get more points, could be experience points, could be diamonds, whatever game you are playing. So the better job you do at the game, the better points you are going to have compared to others.

Same situation at life, you get money the better job you do, it's not about how hard you work, or anything like that, it's about demand and supply, the more you are demanded, the more you can ask for it. If you are someone people can find a million of, then you are not going to be valuable, but if you are unique and only handful of you exists, then you can charge more. This could be a business, or it could be just a job you do.

[tabas]

Money really is just a medium of value exchange, not necessarily the physical thing itself. Whether it’s goats in barter or paper, or even digital numbers today, it all still comes down to trust and agreement between people on what holds value.
The form can change, but the principle remains the same.

Before, money is tangible and if it's not tangible, visible and physical, the society will decline that it's not money. But due to innovation these days, we're having the value of money in the digital space where in through apps and also through cryptocurrencies. Barter is popular before but they're also making a value out of something that can be said as money. These days, it's no longer the society that dictates what money is but it is the government. And thanks to the revolution and creation of Bitcoin, it means money as well but with other added features of being an investment too.

[Cgrexp]

Yes of a true what we all need now is something more that the generally know fiat we are familiar with.
Some one I was discussing with about the importance  of buying stocks down for future purpose and the value added benefits after few years of keeping this. The longer it stays the more rewarding it becomes and it really appreciate beyond any thing one can talk about any where. Bitcoin has been proven as the only reliable coin that every one can bothe the rich and the poor, Educated and non educated.

Money is something that is used to buy things and make transactions. Money is only necessary for living, with which we can buy the important things of our life. People work hard and receive their money in return for their hard work and live their life. Today, money exists in many forms, as different currencies are used in many countries, such as the pound currency used in London. People save money and keep it safe in banks etc. so that it can be used in difficult times tomorrow. Money is useful in trade and business. Money plays an important role in human life. Without it, a person cannot buy anything. Money not only fulfills the needs but also strengthens the economy

Without money, we cannot buy any material, product or service. We earn it in exchange for our hard work, skills and time which is used to fulfill all our essential needs starting from food, shelter. Therefore, without money, it is very difficult to live and our life is completely dependent on money. If we have money, we can live very comfortably and without money, we have to live in poverty so that it is not possible to fulfill even the basic needs. Apart from this, money is also important for future security. Without money, we cannot invest or build any wealth. And money increases savings and stability. In addition, we need money in urgent needs or difficult times. Money is important but only money is not the main goal of life because even if money is used to fulfill all our needs, it cannot ensure happiness or mental peace.

[ingiltere]

I don't agree with that OP. Anything you can trade is money. If you can go buy bread with dollar, that's money. You can't buy bread with gold, but you can buy a car for example. You can buy coffee or even a private yacht with Bitcoin. So all of these are mediums of exchange and ultimately they are money.
Inflation or different valuations don't make something any less money. Calling the dollar a scam makes no sense. You can criticize the dollar, its unbacked printing or high inflation but that doesn't change the fact that it's a medium of exchange, therefore it's money. When you try to make Bitcoin sound good, you've come up with a nonsensical argument. Bitcoin doesn't need this type of approval.