Use the Arnold discussion regarding what qualifies as money to determine if Bitcoin is, in fact, considered money and also respond with your beliefs about the pros/cons of the use of Bitcoin in the marketplace.

For this discussion post, use the Arnold discussion regarding what qualifies as money to determine if Bitcoin is, in fact, considered money and also respond with your beliefs about the pros/cons of the use of Bitcoin in the marketplace. Is there room for other currencies to arise? Money is typically not something that we pay attention to on a daily basis—as long as we have it and can trust that the money we have will purchase the goods and services we want. Bitcoin is a virtual currency that has been evolving in the marketplace and some like its use, while others do not. Post your response by Tuesday of the week, respond to a minimum of two peers with questions, and cite all information from sources within each paragraph as well as include the full references at the bottom of your post.