I think this seems like a fair evaluation of it. There is good reason why common public should be dissuaded from thinking of it as currency. There are some guar

I think this seems like a fair evaluation of it. There is good reason why common public should be dissuaded from thinking of it as currency. There are some guarantees that people get with the current system. - Money you hold in a bank can't just evaporate if the bank collapses. It is insured in most countries like US, UK, EU upto an amount. - Even on things we speculate, lik stock prices just because your broker collapses doesn't mean you lose the stocks you own. In case of crypto, your broker can go down with keys to your crypto.