Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin money?
by
Christian13
on 01/10/2017, 19:17:43 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 absolutely agree that bitcoin is a new kind of money and some people says that bitcoin is digital money and currency in which you could use in different kind of transactions. In addition to that, I think it will become our future money and currency and I do believe it would happen in the near future.