Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin money?
by
1101labu
on 09/11/2017, 10:35:54 UTC
Actually it is not money, virtual money ... which has the same importance such as money : it has a value, a huge one and it has its own markets, transactions, etc ...
But legalizing it will make it considered as an officiel currency. And why not to have a physical Bitcoin pieces nd papers.   

That's what I meant, but what is now the difference between money and virtual money, in those times where banks and financial institutions can create and emit debt from nothing? I don't bellieve a physical Bitcoin is necessary, I even think it's one of its major asset to be immaterial.

"bitcoin is new kind of money".I maintain that per these definitions, Bitcoin cannot possibly be described as "money". And further, I think that those who do describe Bitcoin as "money" are doing this community a disservice.



Why? Can you please elaborate on this?