It was never very suited as a currency, if by currency you mean a convenient medium of exchange. If by currency you mean a convenient medium of speculation and money laundering, I think it can be argued that was always the idea.
Well, technically, it is decent at being a currency even by your definition, just not in our society. I do think in something like a post apocalyptic world crypto would be a pretty good payment method, provided the technology worked to an extent where it would be possible to maintain.
I also refuse to believe it was invented to be speculative, I think it was basically a thought exercise to see if you could make a digital currency in a world where you can’t trust anyone.
Though the fact that right now it’s an unregulated currency that can be exchanged for regulated currency does allow for some pretty spectacular scams.
It was never very suited as a currency, if by currency you mean a convenient medium of exchange. If by currency you mean a convenient medium of speculation and money laundering, I think it can be argued that was always the idea.
Well, technically, it is decent at being a currency even by your definition, just not in our society. I do think in something like a post apocalyptic world crypto would be a pretty good payment method, provided the technology worked to an extent where it would be possible to maintain.
I also refuse to believe it was invented to be speculative, I think it was basically a thought exercise to see if you could make a digital currency in a world where you can’t trust anyone.
Though the fact that right now it’s an unregulated currency that can be exchanged for regulated currency does allow for some pretty spectacular scams.