Hacker News new | ask | show | jobs
by jpmattia 1811 days ago
> I thought Bitcoin was more a store of value (e.g. analogous to gold) than a currency similar to physical cash?

Physical cash is money, and serves the functions of money (see eg https://en.wikipedia.org/wiki/Money#Functions)

Bitcoin does the same.

In the nascent crypto world, different areas are using this new money in different ways: The US currently tends to store of value. Other areas (Venezuela, El Salvador) are tending toward medium of exchange.

In any case: OP's reversibility-of-transactions is a financial services function, not a "money" function.