Anything can be money.

This is a response to Anthony Pompliano’s article that Ethereum(ETH) can’t be money.

What we know and understand as money is changing and will continue to evolve and change for years to come. What crypto brings to the table that will fundamentally change how we view money is transparency. Transparency of supply, transactions, rules and awareness of rule/protocol changes. When you talk about what makes something money you look at common characteristics like unit of account, medium of exchange and fungibility. I would even add that because Bitcoin(currently) has no native privacy capabilities, the fungibility of Bitcoin is already in question as many government entities have blacklists for UTXOs. There are no qualities about Bitcoin that make it uniquely qualified to be money when compared to Ethereum, Dash, Bitcoin Cash, Monero or any mature and operative cryptocurrency. This also goes for the notion that gold is money but silver, copper, palladium, sugar and wheat are not. Anything can be used as money if a community of people agree. When reality takes hold, gold and other physical elements are not practical to actually be used as money because usability is severely hampered. In order to actually use gold as money you would need it to be a reserve for an IOU(currency) which enables the problems we have today. An efficient and useful money will be native bound to the protocol and this is why Bitcoin…