Do you consider bitcoin valid currency?

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Bitcoin feels fake to me – as if any perceived value it currently has, will suddenly disappear. Do you think it has the same value as the US Dollar? The Mexican peso? or is it un-valuable like tickets you purchase at a carnival that you can’t sell back?

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Posted by andy w
Asked on April 21, 2016 12:30 am
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The definition of “money” is “any article or substance used as a medium of exchange, measure of wealth, or means of payment, as checks on demand deposit or cowrie.” So the central issue, is bitcoin or any cybercurrency a “medium of exchange.” For many people and in many circumstances, the answer is yes. You should note that even a paper dollar must stand up to this test in order to meet the threshold of “money.” You can imagine that in not every circumstance will a dollar bill be accepted as a “medium of exchange.” Therefore, “money” does not have to be money everywhere in order to deemed a “medium of exchange.”

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Posted by JJ Hornblass (Questions: 10, Answers: 4)
Answered on May 24, 2016 9:59 am
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There are many companies using BitCoins to provide financial services to customers, as for example salary payments. So I think that BitCoins are as “real” as many small countries currencies, maybe even more. It all depends from the market: the good old rule of request and offer, if there are people or financial entities willing to buy BitCoins their value is real.
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Posted by PaoloB
Answered on May 23, 2016 11:38 am
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