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Author Topic: Is bitcoin Ideal money?  (Read 3230 times)
oureptsC
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May 10, 2014, 11:48:37 AM
 #41

even if it's not exactly bitcoin but it should mostly follow it's model as it's the development of paper money.

The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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sana8410
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May 10, 2014, 11:59:58 AM
 #42

We don't need ideal money,ideal/perfect is abstract .What we need is not to pay so huge fees when we transfer money,not to way days for it,not to be controlled by government,we need a coin for people ...and that is bitcoin!

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May 10, 2014, 08:55:23 PM
 #43

Right, we will learn and shape of crypto currency, "ideal" will be determined by experience with bitcoins and second, third, fourth.... gen cyptos.








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PeterReid
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May 11, 2014, 01:40:37 AM
 #44

Well its my ideal money  Roll Eyes
noviapriani
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May 14, 2014, 09:43:54 AM
 #45

Yes, Bitcoin model will be future money choice, because  they are independent  from Government.
Bitcoin is the now money choice .All I know is I can now buy from internet sites I would never give my credit card to. All I risk is not getting the merchandise.

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May 14, 2014, 10:13:30 AM
 #46

bitcoin is not Ideal money,it's not really money


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boopy265420
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May 14, 2014, 11:34:35 AM
 #47

Bitcoin is very good but It clears the way towards the real ideal money which will be surely in form of electronic or digital money.
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May 14, 2014, 11:36:07 AM
 #48

We don't need ideal money,ideal/perfect is abstract .What we need is not to pay so huge fees when we transfer money,not to way days for it,not to be controlled by government,we need a coin for people ...and that is bitcoin!

I appreciate your words as these are the best words to explain Bitcoin.
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May 14, 2014, 12:11:32 PM
 #49

It's great but not ideal because people will hold onto bitcoins because of its deflationary nature. People will buy and hold and this will somewhat work against the implimentation of Bitcoin.
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May 14, 2014, 12:52:53 PM
 #50

IMO, we don't need ideal money! We need a fair market system and to eliminate  fee to middlemen.
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May 14, 2014, 01:35:49 PM
 #51

IMO, we don't need ideal money! We need a fair market system and to eliminate  fee to middlemen.

This is true. We also need no fractional banking if I understood correctly.
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May 14, 2014, 03:21:41 PM
 #52


IMO, we don't need ideal money! We need a fair market system and to eliminate  fee to middlemen.


ITA!

Unfortunately in this world nothing is perfect
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May 14, 2014, 07:46:58 PM
 #53

Its always been my ideal money, I look forward to when we can use bitcoins everywhere.
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May 14, 2014, 07:48:03 PM
 #54

We don't need ideal money,ideal/perfect is abstract .What we need is not to pay so huge fees when we transfer money,not to way days for it,not to be controlled by government,we need a coin for people ...and that is bitcoin!

^^
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May 14, 2014, 08:52:12 PM
 #55

Cryptocurrency is a solid, mathematically and scientifically-respectable way of "doing money". Crypto is the atheism of money.

By comparison fiat currency, like organized religion, is a bad joke. Fiat currency is the Christianity of money. Folks do it because they were raised to think that way about money.

How do you think this is going to play out, dear reader?

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
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May 19, 2014, 05:39:28 AM
 #56

It's not the ideal form, but it is a good complement to it. Money needs to have a physical form to it. It's good for online transactions, but sometimes, money beats out, especially in face to face transactions. The use of items like in Coinkite's array will fill in the other part.
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May 19, 2014, 10:44:27 AM
 #57

What do you mean by "ideal money"?
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May 19, 2014, 04:18:49 PM
 #58

Its always been my ideal money, I look forward to when we can use bitcoins everywhere.

It would be good, but not entirely feasible with the existing infrastructure. There needs to be internet access everywhere and in every instant there must be access to the blockchain through software or hardware/software.
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