3 ms·
What do you think currency is? Of course it's a currency. If people have the misguided view that Bitcoin is a bank or that they should earn a profit by tradin
by ravenstine 5y ago
What do you think currency is? Of course it's a currency. If people have the misguided view that Bitcoin is a bank or that they should earn a profit by trading it, that's on them. USD isn't much different other than that it's backed by military and economic might; at the end of the day it's numbers, like Bitcoin, without a decentralized blockchain.
- brightstep 5y agoThe quality of being exchangeable for goods doesn't make it a currency. Even if it were a currency, it would be a very bad one without many of the properties required for sound monetary policy.