>>60904058
Crypto is NOT money. It's a debt obligation. Crypto has SOME of the characteristics of money but it isn't a store of value and it has counterparty risk.
Do you want examples of money? Wheat is money. Corn is money. Pig iron is money. They are not IDEAL money because they aren't particularly durable unless stored under ideal conditions and have a low value density.
Copper is money with better durability, and a little better value density.
Money is a medium of exchange that has NO counterparty risk. Crypto fails. Money is a store of wealth, crypto is intangible, with no physical manifestation.
>First, the medium of exchange should be durable. In a primitive society of meager wealth, wheat might be sufficiently durable to serve as a medium, since all exchanges would occur only during and immediately after the harvest, leaving no value-surplus to store. But where store-of-value considerations are important, as they are in richer, more civilized societies, the medium of exchange must be a durable commodity, usually a metal. A metal is generally chosen because it is homogeneous and divisible: every unit is the same as every other and it can be blended or formed in any quantity. Precious jewels, for example, are neither homogeneous nor divisible. More important, the commodity chosen as a medium must be a luxury.