Quote from: Harlot on May 11, 2017, 04:44:34 PM

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

Basically, yes, you are right

If some currency is not accepted in another country, then it is not money (or currency) in that country. It seems to be a paradox since the same currency in one place is considered as money while in the other not as money. But this paradox is easily resolved if you come to think of money (or rather a money token functioning as money) as a matter of convention, not a thing in and of itself. Just like there are different laws in respect to essentially the same actions (e.g. in some jurisdictions weed is illegal while in others it is perfectly legit), so in different places there are different conventions in respect to what is considered money there