Quote from: maxreish on Today at 02:04:21 AM

Quote from: Reosta_ on October 29, 2020, 04:41:29 PM

Actually, Bitcoin is money. There are too many people who think it should have a system like fiat to call it as money. But it doesn't work like that. The meaning of money in short is "a medium of exchange". So, a currency that is a medium of exchange can be accepted as money.

Perhaps a "digital money". Who said we can't spend bitcoin like money does? We definitely can. The only difference fiat money and bitcoin are facing is that fiat money has physical existence while bitcoin doesn't have. If money can be used to pay bills, pizza, etc. Bitcoin can also do the same through crypto local wallets.

It was also alternative paymeny method next to fiat money.
And according to Forbes,

Quote

Apparently, money is:

-A means of exchange
-A store of wealth
-A unit of account

And bitcoin does this all characteristics, too, isn't?

This has been a long debate and this could go on until god knows when. There are always two sides in this issue. But whether Bitcoin is indeed money or not in whatever way we look at it, it still has high value. For me, that's the most important point.

Whether Bitcoin is or isn't money does not make it bad. Whether it is being treated as money or digital gold or digital diamond or whatever, I know very well that 1 BTC is worth more than $13,000 right now and if I can't spend it as it is I know that I can easily dispose it anytime in exchange for a spendable form of money.