Post
Topic
Board Economics
Re: Is Bitcoin Money or Currency
by
iliev41
on 22/05/2018, 09:59:15 UTC
mon·ey (noun)

- a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
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cur·ren·cy read as ˈkərənsē (noun)


-a system of money in general use in a particular country.

So, is bitcoin money or currency?
Bitcoin is coins that became online currency and it became real money. More people now used bitcoin in online to buy, or paying bills. Because bitcoin is very useful and easy to used. Thats why more people now are continue using bitcoin.
That's just bitcoin, but for other cryptocurrencies, part of why this movement is so fascinating is because this is money built into the internet and that money represents real utility of some type.