Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin money?
by
Clark13
on 15/06/2017, 16:39:01 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.

I also do believe on the statement that bitcoin is a new kind of money. Technically Bitcoin is a money in the case that is does have price and value. And the value of Bitcoin is can be used in transaction with the used of wallets. So it a new kind of transaction where it is fast, easy and reliable. And it has many aspect in terms of development on its transaction, price and security. Some can say that is the future money where it may be the one of the universal currency that can be done all over the world like fiat.