cryptocurrency

2713 readers

2 users here now

The largest cryptocurrency community on the Fediverse!

Lemmy community dedicated to cryptocurrency news, technicals, education, memes and so more!

💬 Chat on Community Improvements and Development

Community Knowledge Base:

Be nice, have fun.

Community rules:

No Spam
No ads
No aggressive coin promotion or attacks on others
No ICOs / IEOs / STOs / token (pre)sales / scam schemes promotion
No trading/buying crypto discussions
No promotion of trading groups, courses, signal groups, or other trade groups
No pumping and shilling
No casinos, giveaways, faucets, begging
No price speculation posts
No trolling

General lemmy.ml instance rules applicable here too.

Ugly brother of this community: bωockchain

For a community devoted to cryptography itself, visit c/cryptography

founded 5 years ago

MODERATORS

[email protected]

Are cryptocurrencies actually currencies? (lemmy.ml)

submitted 3 years ago* (last edited 3 years ago) by [email protected] to c/[email protected]

5 comments fedilink hide all child comments

They function more like speculative assets had a kid with tax evasion that's got extra chromosomes. Only value they really have is in DNMs...

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 3 points 3 years ago (1 children)

Some of them are commodities, others are securities.

[–] [email protected] 5 points 3 years ago (1 children)

can you explain how one can tell the difference? they all seem speculative to me. not knocking them, they have their uses for sure. Crypto I totally get, I'm just not sure about the currency part

[–] [email protected] 1 points 3 years ago* (last edited 3 years ago)

https://www.investopedia.com/terms/c/commodity.asp https://www.investopedia.com/terms/s/security.asp

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

Idk maybe kinda hint at commodity money. Why it is so important ? You can call it crypto tokens for example if you don't like "currency"