Ninjastic
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Board Bitcoin Discussion
Re: Is Bitcoin money?
by
Harlot
on 11/05/2017, 16:44:34 UTC
Quote from: White Christmas on May 11, 2017, 04:40:45 PM
Quote from: kiba on September 21, 2010, 05:53:39 PM
Quote from: theymos on September 21, 2010, 05:50:17 PM
Anything that is being used as a medium of exchange is money. Bitcoin, like gold, is money.

Yes. It doesn't matter what nation-states think bitcoin is.

All we're doing is saying bitcoin as something else other than its economic reality.

Yes it can be consider as a money. It can now buy things that you want. But right now bitcoin is not definitely money because not everyone accept it as a payment.
It's not about making Bitcoin being accepted by everyone to be considered as a kind of money. It just need to be accepted as a payment or a medium of exchange by anyone or a society within them. If I continued with your statement and I am trying to pay Korean Won in the USA and no one is accepting it then Korean Won is not considered as a kind of money. Am I right? The debate for this will be a tough one as even us Bitcoin users does not support Bitcoin being a kind of currency in this world.