No, that's not the same thing at all. For every other example of currency besides the government's currency, there's a tangible thing backing that unit.
Crypto still doesn't have that, and that matters. To what degree is up for debate, but it does matter. Only governments apparently can get away with the unbacked currency, because they otherwise back it with enforced societal rules (a.k.a. laws).
Money, to be useful is what Economists call three things;
♦ A Unit of Account
♦ A Unit of Exchange
♦ A Store of Value: A hedge against uncertainty
Crypto is not money, so what is it? Is what the Chinese Central Bank characterized three years ago as Digital Gambling Asset
What other currencies are there in todays world other than fiat (government's currency back by nothing)? I was trying to think of something other than crypto and really came up blank.
Sure some corporations have things like CompanyX dollars that they could give out to employees who then redeem them for something. But in these situations those dollars are back by nothing.
Crypto still doesn't have that, and that matters. To what degree is up for debate, but it does matter. Only governments apparently can get away with the unbacked currency, because they otherwise back it with enforced societal rules (a.k.a. laws).