Bitcoin is money. Bitcoin is also currency.

I always assert that the most accurate definition of Bitcoin is Digital Commodity Money ...

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

"Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods."

Bitcoin's are made from electricity, CPU time and cryptography (math).

It's in the Bitcoin white paper ...

"Bitcoin: A Peer-to-Peer Electronic Cash System"
- https://bitcoin.org/bitcoin.pdf

Excerpt (page 4) ...

"... In our case, it is CPU time and electricity that is expended. ..."

The first Bitcoin exchange rates were calculated in exactly this way ...

Excerpt;

- http://newlibertystandard.wikifoundry.com/page/2009+Exchange+Rate

"During 2009 my exchange rate was calculated by dividing $1.00 by the average amount of electricity required to run a computer with high CPU for a year, 1331.5 kWh, multiplied by the the average residential cost of electricity in the United States for the previous year, $0.1136, divided by 12 months divided by the number of bitcoins generated by my computer over the past 30 days."

- http://newlibertystandard.wikifoundry.com/page/Exchange+Rate

Excerpt;

"The exchange rate is the average of the adjusted bitcoin production per day divided by the average production costs per day. The per day averages start with the previous day and will eventually extend back 365 days, but until then, they increase by half a day each day by taking the average of two averages. Production costs consist of the price of broadband Internet and metered electricity. The adjusted bitcoin production is the following spreadsheet calculation =if(M2>N2,((B2+F2)/2)*(1/(3-((N2/M2)*2))),((B2+F2)/2)*(3-((M2/N2)*2))) where M2 is the available balance of dollars times the exchange rate of that same day, N2 is the available balance of bitcoins, B2 is the amount of bitcoins produced the previous day and F2 is the average of the adjusted bitcoin production per day."

...

One definition of money and currency is;

- Medium of Exchange
- A Unit of Account
- Portable
- Durable
- Divisible
- Fungible (Interchangeable)

Money has one main additional property than currency;

- Store of Value

See: "Money vs Currency - Hidden Secrets Of Money Episode 1 - Mike Maloney"
- https://youtu.be/DyV0OfU3-FU?t=259

Bitcoin does (arguably) manage to have all of the above properties.

Bitcoin as Digital Cash does struggle with a factor between Portable and Durable i.e. Tangibility ...
- https://en.wikipedia.org/wiki/Tangibility

...

Thus,

"Bitcoin: A Peer-to-Peer Electronic Cash System"

or perhaps;

"Bitcoin: A Peer-to-Peer Digital Commodity System"

not;

"Bitnote or Bitbill: A Peer-to-Peer Electronic Currency System"


Semantics!

,,,

Bitcoin as Cryptocurrency is perhaps somewhat a misnomer that we got stuck with ...
- https://en.wikipedia.org/wiki/Cryptocurrency

Re: Who coined the word "cryptocurrency" ...
- https://bitcointalk.org/index.php?topic=5155348.msg51503403#msg51503403

...

Understanding exactly what gives Bitcoin its 'value' often seems to escape many folks. Even so called economists!

Philomena Cunk Money "Moments of Wonder."
- https://youtu.be/Z-YKw8w-e50 *Satire*

Philomena Cunk and Barry Sh*tpeas on Money.
- https://youtu.be/cd3X6AZjVOM *Satire* *NSFW*

...

Hey! Future Bitcoiner's (both new NewWave and those recently cryogenically unfrozen) ... remember what BitcoinFX told you ...

"You cannot trade in diminishing intangibility" - BitcoinFX