Quote from: Seaze007 on March 12, 2018, 01:48:52 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 for me is you can only used online but you can chamge also to become physical money by selling in exchanger, but you can only own virtual money by go for trading, mining, or buying bitcoins os crypro.

Virtual money is basically just the same as credit cards and you can use it to buy products and goods online. Since cryptocurrency is a digital credit then we can have faster and secured transactions if we are going to use bitcoins to buy goods and products online.