After some recent research I ran into some facts about some of the terminology we regularly use that I thought were very interesting. Now maybe I'm just a bit behind the curve but this was news to me....
According to invesopedia, Currency can be defined as the following- an asset that maintains the following properties: a medium of exchange, a unit of account, portable, fungible, divisible and durable.
No surprises there
However the defition of money is as follows: Money is a currency (has all the above features) but also acts as a STORE OF VALUE.
Money is a form of currency. But currency ain't no money.
Huh fancy that.... So really btc should fall into cryptomoney, not cryptocurrency. But I guess it doesn't have that ring to it.
Never again will I consider fiat as money. "You owe me some money for that burrito, but If you don't have sats I suppose ill take some currency"
Let me know if this is news to you or I'm just an idiot
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