Post
Topic
Board Economics
Re: Is Bitcoin Money or Currency
by
Silent26
on 12/01/2018, 15:01:36 UTC
Money is unreal, meaning imaginary, intangible - a concept.

Currency is NOT money, but merely represents money.

So, bitcoin is... ?
Actually bitcoin is a currency, an electronic currency but stands as a money as well because we can spend it like a money though it is not that often to used as payments. When we say money, it is somethings that we use to buy things and get things we want. And as we can see, using bitcoin can do the same as money, you can still buy things you want from bitcoin. Thats why bitcoins are voth currency and money.