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A comment on Bitcoin and Ethereum tumble after renewed fears of regulatory crackdown. Parent comment

Re:Bitcoin and Ethereum tumble after renewed fears of regula... by branchless on Wednesday January 17, 2018 @07:35AM (#16167368)
> Currencies in this sense are defined by governments, and each type has limited boundaries of acceptance.

First paragraph is all about the nation state. Currency is the state. Why would they give that up?

https://en.m.wikipedia.org/wiki/Currency

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Re:Bitcoin and Ethereum tumble after renewed fears of regula... by ceejayoz on Wednesday January 17, 2018 @08:52AM (#16167841)
There's literally a section further down in the article you're citing that says:

> In economics, a local currency is a currency not backed by a national government, and intended to trade only in a small area.

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Re:Bitcoin and Ethereum tumble after renewed fears of regula... by branchless on Thursday January 18, 2018 @08:24AM (#16176856)
Yes, which is a specific thing that by the way doesn't occur in practice and has a word prefixed to it: "local".

It's not a currency.

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