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I never mentioned bitcoin and you are missing the point here. Cryptocurrency network is just a publicly available distributed ledger that records "financial" mo
by gethly 1y ago
I never mentioned bitcoin and you are missing the point here. Cryptocurrency network is just a publicly available distributed ledger that records "financial" movements, these movements are denominated in the inherent cryptocurrency of the network. They are just units of measure but they themselves do not store any value. The world needs to start actually using crypto for payments, so you can exchange FIAT or precious metals for a crypto coin and then use it to buy groceries. It is just a means of exchange of value, not the value itself. The fact that people take it as store of value should necessitate a nee designation beyond the "retard" classification.