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Only a medium of exchange. Too volatile with no source of trust to be a store of value or a unit of account. Fiat money relies on the trust generated by the c
by worik 6y ago
Only a medium of exchange. Too volatile with no source of trust to be a store of value or a unit of account.
Fiat money relies on the trust generated by the central bank. Non existent in crypto.
So is not money.
- pmiller2 6y agoNo, it (specifically BTC) is not a medium of exchange, according to the author. And, really, how many people out there are actually buying and selling things using BTC? From the article: > The major original claim for Bitcoin was that it would soon become widely used for buying and selling goods and services, the “medium of exchange” function, which might in fact have justified calling it currency. That claim has in every way failed to be realized.