zlacker

There were many currencies in history that have lost all or almost all its value upon serious economical crisis in respective countries. It seems you wouldn't call that money? Crypto is simply an alternative currency.

See also: https://en.m.wikipedia.org/wiki/Private_currency

>>fsflov+(OP)
Right, INTERNAL economical crisis is what causes the collapse of currency. But just because the rest of the world doesn't recognize it, doesn't mean it is worthless, it simply converts.

Bitcoin has nothing in and of itself.

Also private currency like script was awful, please don't take the worst financial examples in history and claim that bitcoin is similar as an argument as to why it is valid.

>>Justsi+hx3
> Bitcoin has nothing in and of itself.

I don't understand what is "in and of itself" in an ordinary currency of an ordinary, small country.

> INTERNAL economical crisis is what causes the collapse of currency

Which is why it is very unlikely to happen with bitcoin.

> But just because the rest of the world doesn't recognize it, doesn't mean it is worthless, it simply converts.

Can't you say exactly the same about bitcoin?