[Sohcahtoa82]

Cryptocurrencies are a currency that people are using as an investment.

> Conversely, can I pay for said surgary drink in DodgeCoin? Well no, you can't, but not for the same reasons. Starbucks doesn't have the facilities to accept DodgeCoin

I can't pay for my Starbucks in the USA using Euros, but that doesn't make the Euro not a currency.

IMO, anybody trying to call a cryptocurrency a security is arguing in bad faith. A security has to represent something of value. A stock gives you a tiny fraction of ownership of a company. Cryptocurrencies give you nothing. They have no underlying value.

[cheeze]

This turns into a philosophical argument too quickly though. Some would argue that because of fractional reserve banking, money has no underlying value either.

I disagree with you here, I think a _vast_ majority of people actually purchasing cryptocurrency are doing it as an "investment vehicle", regardless of whether it has inherent value or not. They are treating it very much like a security.