[dtube] Is Bitcoin REALLY Money? - An Exploration of the Properties of Money
In this video, I'll be discussing whether Bitcoin can really be said to be a legitimate form of money. I'll be exploring the fundamental properties of money in my attempt to do this.
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
***I am in the process of adding many of my videos from YouTube on to DTube. Apologies for any posts that you've already seen before!
Original date of upload: September 4th, 2017
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Keep them coming. Are you also taking advantage of the LBRY.io synch option?
I had technical problems with LBRY a little while back so I stopped using it. Might give it another shot though. What do you think about it?
As long as you can buy/trade bitcoin for anything, sure it is money.
But there is one big BUT. You can never be sure they wont fall to 10 USD by tomorrow. You cannot be sure for USD/EUR/CAD also, but i think the risk there is way lower.
and yea, the bigger the risk, the bigger the profit/loss
Btc can never fall to $10 again. Crypto currency is very volatile that is the only bad side of it.
Informative. Thanks! Upvoted!
I spend crypto and it feels good knowing I'm paying with money that is more valuable than FIAT.
Bitcoin can be like Gold and Cash at the same time, as good store of value money should.
Dollar cost averaging in, is the best way. You'll be rich in a few years of HODLing. Don't fall for the altcoin scams - 99% are junk and will go to 0
if most people are HODLING not using it its not really much of a currency
It's money to me because I have trust in it and have used it to transact for other important items.
Thanks for this interesting video @louisthomas! To me, it's not only that Bitcoin and other Cryptocurrencies are money but rather that they represent the next step in the evolution of money. But as you pointed out correctly, there are still a lot of issues and BTC and Cryptocurrencies still have a long way to go. I like the comparison of Andreas Antonopoulos, where he compares cryptocurrencies to the internet and assesses cryptos to be at the stage/level of maturity, the internet was in 1992. It happens that I just recently read the book "Internet of Money" and wrote a post where I try to answer the question WTF is Money, I'd appreciate anyone who takes time to have a look and provides feedback and I hope this isn't considered as cheeky post promotion, since I really think it fits, relates and adds to the topic of your video. Please let me know if you don't consider this to be ok. Thanks again for your great content, I'm looking forward seeing more of it! Cheers - @sblue
Bitcoin is certainly money but not as we know it . While fiat currency is certainly being debased on a daily basis it is being done in a somewhat stealthy manner and low interest rates means we don't really see the inflation that is going on. BTC on the other can swing wildly up and down in a single day and that volatility makes it difficult to use as money because how do you price anything. This will be a challenge for all cryptos going forward & even if mass adoption does happen I can't see crypto volatility disappearing anytime soon.
i really respect you how dedicated you are on posting videos constantly .. and trying to keep a video with good content
Bitcoin = Real money in the simple sense that we agree it has value, and we can pay for goods with it.
Bitcoin (and all crypto) just isn't realistic money.... at the moment. Nobody wants to use a currency that fluctuates so violently from day to day, hour to hour. Why pay for something with bitcoin/crypto when that same currency is worth %10-%15 more than what it was at the time of purchase?