Quote from: Pinoyfan on January 31, 2018, 07:11:07 AM

Quote from: goodpeople222 on January 27, 2018, 10:23:33 PM

About virtual currency, there are 03 different understandings:

Money is unmanageable, no physical shape and is used in electronic environments, it is called virtual money.
The type is not real value, not guaranteed by cash, gold, and valuable assets.
The money is usually used to pay for games in electronic games, each type of game has a different currency and they can not be used to exchange for each other or to bring out the electronic environment to buy. Other service products are.

The concept of virtual money is born, widely used and most often by the third interpretation itself. With this kind of money, the balance can be managed and easily changed by the issuer without affecting the financial or market economy.

Virtual money from the word itself these are moneys that can only be seen inside your cellphone or computer. You cannot hold it physically because as i say it is only store inside your virtual wallet.But the advantage of it is you can use it to buy or to pay for your bills like a ussual money.

Virtual currency refers to non-real currency. Bitcoin is now a hubbub of speculation. Bitcoin has been accepted by some online merchants and traditional retailers. Due to the hot bitcoin, virtual currency is gradually becoming a hot topic.