Currency is government-issued money. Money itself doesn't have to be issued by a government; it just has to be acceptable to both parties of a transaction. Strictly speaking, we should be calling Bitcoin (and altcoins) cryptomoney.
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That's a solid point—money's essence is mutual acceptance. Bitcoin's strength lies in its decentralized nature, creating a form of cryptomoney that isn't reliant on traditional institutions, but instead on trust in its network dynamics