Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin money?
by
Eebertay
on 18/04/2017, 10:06:53 UTC
Bitcoin isn't money unless the Government says it is. We would have have to wait till the Government approves Bitcoin.

This is partially true:

BTC IS money, to a small portion of the world.

In the US (where i live), it is NOT money (according to my govt)

Case in point:

Say i am a store owner and someone wants to buy a computer i have advertised for $1000, for $1000 in cash. I tell them no, gtfo. They can actually get various police / courts involved to enforce this.

Now consider that same computer i have for sale and someone comes up to me and says they want to give me 1btc or even 1000 euros or pounds for it.
I can tell them to gtfo without incident because the us govt does not recognize any of those currencies.