Is Bitcoin cash?

[Kazimir]

Yeah, bitcoins require an active internet connection in order to send them whereas cash does not. An important distinction to make.

But an internet connection (even mobile) is such a basic facility nowadays, it's practically everywhere.

And strictly speaking, I could give you a paper wallet, or I sign a transaction offline and give you that on a piece of paper, or send it through SMS, or plenty of other ways.

Besides, most cash registers, also the ones accepting cash, typically require electricity. And whenever there's electricity, in more than 99% of the cases there's also internet.

It's 2015, we live in an online world.

I'd say the most important aspect of cash is that it goes directly from one person to another, with no intermediaries or 3rd party dependencies or controlling authorities or delay or clearance requirements or other bullshit. Bitcoin and paper money both do that just fine. Except for Bitcoin you don't have to be face to face with someone, which seems a huge advantage to me.

[Superstars]

i think we can change in real money and make it some profit with it
lets grow

[Lord Of The Ring]

bitcoin will be more functional this year
and let wait for it

[ranochigo]

Bitcoin is much much better than cash, other than it being able to be accessed everywhere, you dont have to exchange it for different currency before travelling from country to country, losing out on exchange rates and time. The con is that it is very volatile unlike cash, backed by government.

[Superstars]

Bitcoin is much much better than cash, other than it being able to be accessed everywhere, you dont have to exchange it for different currency before travelling from country to country, losing out on exchange rates and time. The con is that it is very volatile unlike cash, backed by government.

agree it will be easy to use it in another world as for payment

[R2D221]

Really? They have internet connections at the North Pole?

With a satellite connection you could.

[R2D221]

The con is that it is very volatile unlike cash, backed by government.

Are you implying that the reason fiat money is not volatile is because it's backed by a government?

[DeathAndTaxes]

"In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts).
https://en.wikipedia.org/wiki/Cash

Well there is the accounting definition and then there is the common usage definition.  Most people saying 'cash' don't mean checking accounts or money market accounts either.  If you go out to lunch and ask your friend if he has enough 'cash' to cover the meal I am pretty sure you don't mean is the balance of his money market accounts greater than the bill presented.  You and he would both assume you are talking about physical slips of paper with dead people on them.

[Kazimir]

The con is that it is very volatile unlike cash, backed by government.

Tell that to the people in Russia or Zimbabwe.

And to lesser extent, the people in Switzerland. Or in Europe as of late, since the EUR/USD rate has plunged quite a bit.

(But sure, I get your point)

[girb16]

Bitcoin is definitely not cash!! Your transactions are quiet visible with Bitcoin while I can hand someone cash and no on will ever no about it!

[JohnsCasino]

But it doesn't need bags to carry.

[Bitzkrieg]

I was wondering that, since a lot of people say, Bitcoin is like cash, so I looked it up on Wikipedia:

"In bookkeeping and finance, cash refers to current assets comprising currency or currency equivalents that can be accessed immediately or near-immediately (as in the case of money market accounts).
https://en.wikipedia.org/wiki/Cash

So, Bitcoin is definitly cash, per defintion.
So, please stop saying "Bitcoin is like cash"

Damn good argument.

[sakira]

Agree. Actually, Bitcoin is better than traditional paper cash. If you're at work and your paper money is at home, it can't be accessed immediately or near-immediately.

Bitcoins, on the other hand, can be accessed immediately even if you're at the North Pole.

yeah right bitcoin is more simple and very portable

[erikalui]

Bitcoin is a form of digital currency, created and held electronically.

The above is a definition I got from the internet. Bitcoin is more like virtual cash than real cash but I don't feel confident to hold bitcoins in my account as I feel more secured to hold cash in my bank.

[countryfree]

No, BTC isn't cash. Read the first line on wikipedia.

Don't just read it, also understand it.
vernacular vs. finance use

I do understand, vernacular English, and that's the language commonly spoken everywhere.

[AtheistAKASaneBrain]

No, it doesnt qualify as cash, Monero does tho.

[R2D221]

No, it doesnt qualify as cash, Monero does tho.

[citation needed]

[BillyBobZorton]

No, it doesnt qualify as cash, Monero does tho.

[citation needed]

No citation needed. Cash = totally anonymous. Bitcoin uses a public ledger, the blockchain, Monero doesnt.

[R2D221]

No, it doesnt qualify as cash, Monero does tho.

[citation needed]

No citation needed. Cash = totally anonymous. Bitcoin uses a public ledger, the blockchain, Monero doesnt.

Is anonymity required for something to be cash? That's the citation I'm talking about.

[pereira4]

No, it doesnt qualify as cash, Monero does tho.

[citation needed]

No citation needed. Cash = totally anonymous. Bitcoin uses a public ledger, the blockchain, Monero doesnt.

Is anonymity required for something to be cash? That's the citation I'm talking about.

I dont know, but everyone and their mother think of anonymous exchange when they think of cash, thats what matters not some official book meaning.