“Cryptocurrency – its status as money” – GoldMoney | $3,348.29

Last updated on August 15th, 2017 at 12:11 pm

While cryptocurrencies can claim a free-market origin, and their creators might think for that reason they are superior to state money, they fail the regression test and so cannot claim to be catallactic…

For now, the development of this bubble is in the hands of a speculating public, who periodically see manias as a failsafe way to make money. But the answer to the question posed in this article’s headline is that cryptocurrencies are not money and never will be.

Eulogy made by: Alasdair Macleod

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Ofir Beigel

Owner at 99 Coins ltd.
Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.

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