Quote from: liseff3 on October 10, 2017, 08:56:09 PM

Quote from: Baby Dragon on October 03, 2017, 08:31:12 PM

Quote from: daica85 on September 28, 2017, 10:44:51 AM

Just a question I don't know. Is the Bitcoin a digital currency or a digital good?

I think it will depend how you use it. As of now I use it as currency because I exchange in many things. You can use bitcoin in different kind of transactions like paying bills and many more. Lastly, you can also use it as a investment in which it is good for long term investment.

Bitcoin is a digital currency that everybody can have.

Basically, Bitcoin is electronic money that is transferred over the internet. It is distributed without the need to go through any intermediary including the bank, directly from one person to another, so the transaction costs become much cheaper. Transfer time is also relatively shorter than the bank.

It can even be accessed on a mobile phone or personal computer via an electronic wallet. With digital money, we can also buy anything. Its use is as easy as sending email. The security of the process is monitored and protected by a number of individuals called miners. They are also the ones who verify every transaction, which is then recorded in the internet cash book, meaning it can be seen by everyone.

Obviously,it is a digitized currency. As we use it through wallet to wallet basis. It could be a fiat money and regarding with digitized good,I'm not to sure about it.All I know is the digitized currency thing. Based on my experience,digital currency is worth rewarding for us busy buddies everyday. We spend 8 hours working from a regular job but with bitcoin we can work less than 8 hours. The digitized currency is much faster than we normally do if we get our salary. So it's more convenient.