Bitcoin is not a currency and this is why.

[cbeast]

"I decided to fact-check myself and I (found) that Bitcoin was actually larger than some national currencies ... We've been moving up the list, if you look at the total value of all the bitcoins in circulation versus the total value of other currencies, we're up to 20 or 40 national currencies that are smaller than Bitcoin. As Bitcoin gets bigger and we move up that list, we're on the path to Bitcoin being a serious world currency." - Gavin Andresen

[deluxeCITY]

"I decided to fact-check myself and I (found) that Bitcoin was actually larger than some national currencies ... We've been moving up the list, if you look at the total value of all the bitcoins in circulation versus the total value of other currencies, we're up to 20 or 40 national currencies that are smaller than Bitcoin. As Bitcoin gets bigger and we move up that list, we're on the path to Bitcoin being a serious world currency." - Gavin Andresen

There are many very small currencies that are controlled by very small countries. I wouldn't say that it would be a very big feat to be larger then these currencies.

What would be a meaningful feat would be to grow enough so that bitcoin is larger then more major economies and currencies.

[cbeast]

"I decided to fact-check myself and I (found) that Bitcoin was actually larger than some national currencies ... We've been moving up the list, if you look at the total value of all the bitcoins in circulation versus the total value of other currencies, we're up to 20 or 40 national currencies that are smaller than Bitcoin. As Bitcoin gets bigger and we move up that list, we're on the path to Bitcoin being a serious world currency." - Gavin Andresen

There are many very small currencies that are controlled by very small countries. I wouldn't say that it would be a very big feat to be larger then these currencies.

What would be a meaningful feat would be to grow enough so that bitcoin is larger then more major economies and currencies.

Right. That's what he said.

[philiveyjr]

This is extracted from the Nakamoto's paper:

A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.

Say again BTC is not a currency and you're hiding the truth.

Yeah..!! I agree.!! I take BTC as currency n I use it like one.!

[jonald_fyookball]

It is funny that the first "real" crypto-currency, that can actually claim to be a "real" currency in that it is exchanged in a loop, might not be Bitcoin but the crypto of Ecuador.  Until now they have been using the USD, but now they will have a blockchain currency.  One can only assume that it might be locked in to the USD, which will be very interesting indeed.  The ramifications of having a digital blockchain USD equivalent, might really shake up the the cryptosphere. 

http://cointelegraph.com/news/113208/ecuador-officially-launches-its-own-e-money-system

where does it say it is a blockchain currency?

[bitcoiner77]

 I Believe in bitcoin as a network and a currency because its so veristile and amazing blockchain it can be used for danm near anything i just wish it was 2011 again and I was a smarter person back then lol but wishin aint goin make it happen hehhe heres to a great 2015 for all you bitcoin involved folk !!

[elasticband]

A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.

Cash is currency by definition. What cash do you think the paper is written about?

Yeah in reality you are right, I just like playing devil's advocate sometimes..... along with a little LARPING at trolling.
If paper money backed by 1's & 0's on some banksters screen is used as currency........

[dmugetsu]

One thing

It's digital currency

[Flashman]

By same logic as OP, many government issue banknotes/bills have not been currency for a long, long time, except in isolated communities. They just go in and out of banks and tills, get recorded in ledgers whether handwritten or electronic, the value maybe forwarded by check or wire to head office. Then forwarded back as paychecks. But the specific pieces of "currency" may never complete a loop. If that is the definition, then currency isn't currency. If all we're concerned about is the value completing the loop, then bitcoin is part of many loops.