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A comment on Cryptocurrencies Have Broken Almost All of Their Major Promises. Parent comment

Re:Cryptocurrencies Have Broken Almost All of Their Major Pr... by pishpash on Wednesday June 15, 2022 @04:30AM (#31750465)
Currency is itself a financial good that is bought and sold, and has value. It's not divorced from other goods and is not special. You even have currency factories (banks) and competition.

Also, any currency devaluing (which BTC is doing) is inflationary for an economy based in that currency.

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Re:Cryptocurrencies Have Broken Almost All of Their Major Pr... by thawaya3113 on Wednesday June 15, 2022 @06:35AM (#31751124)
It’s special in that it has a special purpose. Just like bread has a special purpose.

And the purpose of a currency is to facilitate financial transactions.

Which crypto is horrible at, because it cannot maintain a decent value at any point.

Crypto is as good at being currency as iron is at being bread.

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