> They do not meet any of the standard tests for money (especially the three classic criteria of store of value, medium of exchange, and unit of account)
That's a really difficult claim to swallow. Especially without further explanation than a wall of citations that I'm not going to bother chasing because I know the claim is false. At least provide a quick synopsis/summary for why crypto fails at any given one of those.
Bottom line: Most cryptocurrencies may not be very good at any of those, but that doesn't mean they aren't used in those capacities at all.
> They do not meet any of the standard tests for money (especially the three classic criteria of store of value, medium of exchange, and unit of account)
That's a really difficult claim to swallow. Especially without further explanation than a wall of citations that I'm not going to bother chasing because I know the claim is false. At least provide a quick synopsis/summary for why crypto fails at any given one of those.
Bottom line: Most cryptocurrencies may not be very good at any of those, but that doesn't mean they aren't used in those capacities at all.