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Does what something is 'designed' for really make a difference? Is that the thing that makes something a currency or not? Or is it some other thing that makes s
by joncrocks 9y ago
Does what something is 'designed' for really make a difference? Is that the thing that makes something a currency or not? Or is it some other thing that makes something a currency?
The value of some currencies have fluctuated in their value wildly in the past, so stability isn't a some intrinsic thing that marks a currency.
I'm not say I don't agree that the word 'cryptocurrency" isn't banded about far too much, but saying "They aren't currencies" should be supported by some kind of description of what makes a currency a currency otherwise we can tie ourselves in knots.
Saying that the 'design' or 'stability' define whether something is a currency as it is really just using proxies (that might work most of the time) for what makes something a currency. I think.