This is a key thought. We have not really had the crypto go-live yet. We are still in the testing phase. Those of us in this community buying Christmas gifts with purse.io and planning our yacht purchases do not live in the real world where crypto is still only magic internet money.
And yet there's this little bit of rational honesty, that we should all recognize and discard the fairy-tale fallacies.
https://twitter.com/danheld/status/949423269886664704Which is why Bitcoin should be considered a decentralized, deflationary crypto asset like digital gold, that also happens to be exchangeable for goods and services like a currency. Notice I said "like a currency" because it is clear that
that attribute is not its primary function nor its strength.
The word "crytocurrency" is a complete misnomer. It should have been called a "cryptoasset" from the beginning.