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RE: Ripple CEO: Don't call it cryptocurrency

in #cryptocurrency7 years ago

You can call them crytpassets, because right now they're more used as a store of value asset, or a speculation asset. But then you have to know if more fiat currencies are being held to store value, or to make trades, because if more are being held for value then they're an asset just like cryptos.

Salt, and beer were once used as currencies, but we call them food because they're larger use right now is for eating.