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10 sats \ 5 replies \ @ek 19 Sep 2023 \ on: Bitcoin is crypto and is not a currency bitcoin
-- https://en.m.wikipedia.org/wiki/Currency
Not sure where you're getting
from
I'm getting it from law.
Banknote = private company promissory note, a promise to pay. Can be currency.
A coin as a standardized piece of precious metal, is money.
A standardized piece of non precious metal is currency.
I can link some resources if necessary
wikipedia is a shitcoin ;)
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You nail it!
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That is referring to a currency as legal tender... and that is another story.
people in a nation state.
that is a a key point... "nation state".
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that is a a key point... "nation state". cancel
That's the more general definition and also just the most common example. This might be the source of our disagreement.
Gold was a currency, sea shells were a currency. Currency used to have nothing do with "legal tender" or "by decree" or "nation states".
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no. Those were money, medium of exchange. Is something different.
The "what is money" podcast is explaining very well this.
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