fake? Money is a human construct, all of it, pulled out of wherever we got the "easter bunny" from, literaly, something something, rabbit hopps around hiding candy, something something, this →£¢€¥$← thing is exchangable for candy

the something somethings, are arbitrary rules to describe a construct, and I guarnatee that if we were to go and ask a group of smaller humans about this whole bunny thing, some of them would take pitty on us and bring us up to speed on the whole thing, with all, ALL the conviction of a government economist, same goes for crypto, believe in the bunny, get some candy.

I would agree that most crypto is not very good money. It's more like a speculative investment that just happens to be easy to exchange

I don't think fake money is the right term though. It's just as much money as the US dollar or the Euro, and it isn't pretending to be some other currency (like say a fake bill). It just happens to be not very good at the job of being money

It’s not fake money, it’s a fake speculative asset.

100 BTC might convince you otherwise.

This is also the rumor every time a crypto exchange is “hacked” and loses all of the stored crypto. It was never obvious if the people running the exchanges were incompetent or criminal, but I suspect it was a combination of both in many cases.