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It matters because currencies, securities, and commodities are regulated differently and by different institutions. It may sound to you like they should be the
by buran77 7y ago
It matters because currencies, securities, and commodities are regulated differently and by different institutions. It may sound to you like they should be the same but they're not. They are different financial instruments, just like bonds and stocks are different from cash. What would you think if someone called an L3 cache "a CPU RAM", or an SD card a "micro hard disk"?
We're on a highly technical site so I would expect the same degree of accuracy when using terms from other fields as you expect when talking computers.
- celticninja 7y agoWell I think your expectations are wrong, but think of it like this, the end user doesn't care if the work is being done by an L3 cache or a "CPU ram", they could call it a "CPU cache", and as long as it does what they expect it to do they don't care for the specifics. In this example, bitcoin can be exchanged for goods and services, much like an approved currency,so the end user doesn't care what you call it just that it works,and in that respect bitcoin does work.