But they're not buying coffee with it so it can't really be money.https://twitter.com/JWilliamsFstmed/status/1166349208468840448 …
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Fair enough, but how does the context of the exchange or the number of individuals party to a tx change the rule?
It doesn't. If it doesn't directly settle on Bitcoin, but only eventually settles there (usually as net settlement), it's a higher layer of bitcoin. All major currencies work in multiple digital layers. No big mystery here, just ignorance of overly talkative pundits.
