Currency vs Money

Currency is:

Medium of exchange

A unit of account

Portable

Durable

Divisible

Fungible ( interchangeable) meaning a unit dollar in my pocket is same as a unit dollar in your pocket.

With currency being the above listed, governments can print more and more of it thereby diluting the currency supply which results in transfer of wealth out of your pocket and bank account to the government and banking system.

Money is:

Medium of exchange

A unit of account

Portable

Durable

Divisible

Fungible

A store of value

Money being all the above as currency and in addition it is a store of value because it is limited in quantity, governments can not print it. Only Gold and Silver in the last 5000 years proofs to be money by maintaining their purchasing power. Lots of fiat currencies have all gone to zero.

This is my summary of watching episode one Mike Maloney's Hidden Secrets of Money. You may watch the video with the links below;



3 minutes shorter video:

25 minutes original video:

With differences between currency and money explained. Where do cryptocurencies fit in? Bitcoin in particular can we say it is money because it has the characteristic of being a store of value?

I think it is yet to be money completely, it does have the characteristics of being currency but yet we still have the issue of instant payment using Bitcoin.

Only time will tell which cryptocurency will completely serve as currency and money.

What is your opinion?