Post
Topic
Board Economics
Re: Is Bitcoin Money or Currency
by
ObscurePen
on 02/03/2018, 04:11:00 UTC
Money is unreal, meaning imaginary, intangible - a concept.

Currency is NOT money, but merely represents money.

So, bitcoin is... ?
LoL. Let's say that Bitcoin is a global currency or a monetary system of some sorts working on a global scale. It is not like a singular currency. Rather it can be converted into national currencies. This makes it an effective way of payment during holidays. It can easily be converted into the local currency.