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Are Bitcoin and Ethereum the Latest Invention of the Long History of Private Money?
In the US example this is because the government itself doesn't issue enough money. It also then goes hand in hand with four druids counterfeiting. But by the same token the creators of different kinds of cryptocurrencies are trying desperately to turn them into money as opposed to instruments for speculation. Right now when you think about the definitions that we all started with at the beginning of the program about what is money, the one thing missing with Bitcoin and other major cryptocurrencies is that they're not yet a metric of value people would use.