If you can use it just like you use money, then you can call it money. And what economists and others think is not part of the overall picture and is a distraction. People say that some forms of money, such as bitcoin or US dollars, are not backed up. But this is not true. They are supported by one thing: trust.
Well said. I’m agreed. As long as the currency or any type of currency has a value and can buy anything you want, It is money. Well, many people are not trusting cryptocurrency but it is now used in many sites and shops. Bitcoin is the only crypto that serves as inspiration to many cryptocurrency users. Bitcoin has been trusted by many investors righ now.
Bitcoin is the only crypto that serves as inspiration to many cryptocurrency users
I do not agree these words, Bitcoin is not the only inspiration for cryptocurrency users. Why do you think that? Because cryptocurrency users included Bitcoin users and altcoin users. Many people do not like to use Bitcoin, example Bitmain recently, they just accept to use BCH (cryptocurrency payment) buy their device instead of Bitcoin as the past.
