Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin money?
by
Monkeydluffy001
on 29/12/2017, 04:04:01 UTC
I do not consider gold to be money.  You can't go and buy most goods and services with gold.  Gold is a commodity, dollars are money.

Bitcoin is a virtual currency.  It has more in common with paypal than it does with dollars or with gold.  I wouldn't really call it money until it is more widely accepted as payment for goods and services.

I totally agree on this, the time that bitcoin will be a money is when it's been already accepted as a mode of payments online, shopping, good all other stuff. The time when government will accept the changes in our generation, the time that they will invest their trust as well. Money and bitcoin is different, but because uae of bitcoin we can earn money. Its just a cycle as well. But technically, bitcoin is not yet a money.