Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not money
by
Anonylz
on 29/05/2019, 14:38:18 UTC
When we label something as money, it must be having two important characteristics. First of all, it must be accepted in a majority of the shops and retail stores. And secondly, it must have a stable exchange rate versus the universal trade currency (i.e the United States Dollar). Unfortunately, right now Bitcoin is devoid of both these characteristics.

i do not agree with this, i think btc can be regarded as money because like you said it possess the qualities or characteristics that can be seen in money or any medium of exchange, money represent a medium of exchange or something that is use to transact same thing applies to btc, most people regard btc as a store of value so they they hold on to it, and you can not tell me that btc is not use as medium of exchange or for transactions in both online and offline stores this days, long time ago btc was use to purchase pizza Grin just like you can use fiat, btc already possess this qualities and can be regarded as money, the acceptance maybe limited.