• bc93@lemmy.world
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    7 months ago

    Yeah, that’s what I was trying to explain - NOK is money, but only in Norwegian contexts. Runescape gold is money in a Runescape context. Bitcoin is money in the context of dark web marketplaces. The more contexts that some asset is considered to be money, the more widely recognised that asset is as a “real” money. If cryptocurrency becomes more commonly accepted as a medium of exchange, then it will more broadly be recognised as money. But as it stands, for most people in most contexts, cryptocurrencies are not money. I hope that makes sense!