Wait, what?
You can actually smoke a cigarette.
And in WWII POW camps for all belligerents, American cigarettes were much more valuable than European crap cigarettes. Not really substitutable between brands.
https://www.investopedia.com/terms/c/commodity.asp
A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services. The quality of a given commodity may differ slightly, but it is essentially uniform across producers.
When they are traded on an exchange, commodities must also meet specified minimum standards, also known as a basis grade. They tend to change rapidly from year to year.
The basic idea is that there is little differentiation between a commodity coming from one producer and the same commodity from another producer. A barrel of oil is basically the same product, regardless of the producer.
By contrast, for electronics merchandise, the quality and features of a given product may be completely different depending on the producer. Some traditional examples of commodities include the following:
Grains
Gold
Beef
Oil
Natural gas
More recently, the definition has expanded to include financial products, such as foreign currencies and indexes. Technological advances have also led to new types of commodities being exchanged in the marketplace. For example, cell phone minutes and bandwidth.
My point is that crypto doesn't have any IRL use as something that can be consumed. Sorta takes it out of the commodity discussion from the git-go.
