| so what bitcoin (and of course other crypto) is, is complex and ultimately subjective : it's different things to different people, just like money. It does some things money can do & does some things that money cannot. FIAT money is the same, It does some s bitcoin can't but cannot do some things bitcoin can. instead of advancing a concrete definition of crypto - which as i said is a subjective argument - i'd encourage you to look at what money, monetarism & fiat really are. It's equally subjective, and arguably a more difficult concept that crypto. At the moment, traditional cash can be spent much more freely than crypto, which is one of things limiting it's utility as a currency. But similarly, the lack of an immutable ledger, a practically infinite(or a least unknown) supply, and risk of physical counterfeits limits Cash as store of value. ....right now...crypto is something. Even if it's yet to be fully realised. It's mainstream, at least as an investible asset and It has some utility as currency, albeit limited. For people in developed countries, with established currencies backed by a military force, either directly of indirectly, it will seem quite absurd that crypto could/should replace cash. For people in unstable regimes, countries who've experienced hyperinflation, it's a massively attractive proposition. |