> It doesn't meet the requirements of a good currency
Aaand you just moved the goal posts. Notice how you switched your argument from "currency" to "good currency". So dishonest.
Aaand you just moved the goal posts. Notice how you switched your argument from "currency" to "good currency". So dishonest.
I think you want a binary world where things are either A or B and not somewhere in between. BTC is being used as a currency in El Salvador and it is government mandated as a currency. Thus it is a currency by that definition. But my argument is that it isn't a good currency based on its properties (which I listed some and also linked to an article on desirable principles of a currency), rather it has the qualities of an asset.
I think I haven't changed what I am arguing, but I think you misunderstood my argument as something much more simplistic than what I was actually saying.
>Which is why BTC is an asset and not a currency.
Is a pretty straight forward sentence
Does it meet the 10 characteristics here?https://simplicable.com/new/money
I think that few are using BTC as a currency because it doesn't make sense as a currency, rather 99.9% of people are using it as a speculative investment asset.
I'm under the belief that if it can be locally commonly exchanged for goods or services is a currency. If its gold, cash, btc, or bottle caps. If its a good form of currency or not is a completely different question