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> People want BTC to be a currency. It is a currency. It satisfies the Coincidence of Wants, it is used as a means of exchange, that makes it a currency. Cigar
by gnerd 13y ago
> People want BTC to be a currency.
It is a currency. It satisfies the Coincidence of Wants, it is used as a means of exchange, that makes it a currency. Cigarettes have been used as a currency (in WW2 concentration camps, prison, times of famine or war etc.).
But nobody suggested cigarettes or tobacco be the thing we pegged our national currencies on, its just a thing that represented value that people traded for goods and services. That's a currency, not a national currency though (because as you mentioned earlier, that's probably a bad idea which we know from history with gold).