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> they'll claim cryptocurrencies are currencies when it's convenient then claim they are "assets" or "a store of value" when it's not.

It's been a while since I took an econ class, but aren't all currencies, by definition, assets / stores of value?

Edit: Oh, you mean they're only assets but don't meet other criteria to be currencies?



> aren't all currencies, by definition, assets / stores of value?

Yes and no. Modern currencies separate the medium of exchange and unit of account functions, on one hand, from the store of value and standard of deferred payment functions, on the other hand. Paper and deposit dollars are the former, Treasuries are the latter. Someone complaining about inflation eroding their cash under a mattress's value is literally using their dollars wrong.


Yeah, your edit. It's a common refrain among Bitcoiners when faced with the deficiencies of their scambucks.


How is Bitcoin a scam for you. Tell me.


I didn't say Bitcoin is a scam. It's almost exclusively used for scams and other crimes, though.


You said "Bitcoiners" and "their scambucks" in one sentence.

Before eCommerce took off the internet was almost exclusively used for scams and arguably that is still the case even if not exclusively it's still a big part, so we should declare the internet a scam I suppose.

Disclaimer: I am not even heavily invested (in any sense). It's just a means to pay for stuff for me.




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