Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin money?
by
douglock
on 14/06/2017, 14:25:13 UTC
I believe that the statement: "bitcoin is new kind of money" passes the duck test.

Bitcoins function as money (they're a unit of account, a medium of exchange, and a store of value), and if PayPal started allowing Bitcoin transactions tomorrow I'm certain they'd treat them as Just Another Currency.

If you like, call it a commodity, but I think all you'll accomplish is confusing potential users who might think they'll end up getting pork-bellies delivered to their porch if they don't get rid of their bitcoins.

For me it is the future's money, it will be our new form of currency in the business world. I can call it a money because I can exchange my bitcoins into a real money in the bank. And I'm using it as my another source of income.
Well, bitcoin is not just money. Bitcoin is way too good to be just a simple money. Bitcoin is a future technology which will make the world better. Even if bitcoin can not as strong as it used to be, people will still remember bitcoin as a new revolution in the 21st century