Except for, you know, being able to spend it where you buy things? And deposit it into an actual bank? Those seem sort of intrinsic to how we use money today.
> Except for, you know, being able to spend it where you buy things? [...]
The extent to which you can use it to buy things is a good metric, but I think that comes in varying degrees rather than being a sharp line or binary true/false. There are at least some things you can buy with cryptocurrency, and arguably there are some regular (fiat, national, government-issued) forms of money that aren't very widely accepted.
Except for, you know, being able to spend it where you buy things? And deposit it into an actual bank? Those seem sort of intrinsic to how we use money today.
https://en.wikipedia.org/wiki/Legal_tender
> > There is no bright line [...]
> Except for, you know, being able to spend it where you buy things? [...]
The extent to which you can use it to buy things is a good metric, but I think that comes in varying degrees rather than being a sharp line or binary true/false. There are at least some things you can buy with cryptocurrency, and arguably there are some regular (fiat, national, government-issued) forms of money that aren't very widely accepted.