Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is not money
by
idham29
on 30/05/2019, 02:01:48 UTC
Bitcoin is defined as “crypto-currency/digital currency” and currency is money so its money for me. Bitcoin consist numbers and so does money. Your definition and mine do not change what it is anyway. For some it is an asset, a store of value, for some they buy pizza and coffee with it so really dont make sense how we call it.
If the definition of money must be physical, such as US Dollar, Pounsterling or Euro, it is certainly difficult to say that bitcoin is money. But if you see its function as a legitimate payment instrument in a country that legalizes bitcoin, it is money that is used digitally.
In my opinion, it can be concluded that bitcoin is future money that is used digitally, so there must be additional devices so that transactions can be carried out, namely the internet and computers or cellphones.