[nucatus]

I said it before and say it again. These things you call cryptocurrencies can be anything you want but currencies. Who ever claims the contrary has no clue about how a currency works.

If you claim this is a highly speculative asset, then yeah, you are right. But if you really want to call this a currency, you have to convince a government to use it as an official currency. No central bank in this world will accept to use a currency that is out of its control, that can't depreciate or appreciate at will.

[Anderkent]

> But if you really want to call this a currency, you have to convince a government to use it as an official currency

Since when does a currency have to come from a government? People used representative money in forms of IOUs before those were formally issued by governments. Sure, we've moved to government-issued fiat since, because it solved a coordination problem (how do you ensure the value of money doesn't unpredictably change), but that's just one possible solution now.

[pixie_]

Crypto is already being used as a currency. And governments have no ability to depreciate it. I don't know what will happen next, but that is the reality today.

What I do know is a lot of people find value in a currency that cannot be depreciated at will.