Bitcoin ≠ “cryptocurrency”
Shitcoiners in disbelief
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This is a braindead take and it’s ridiculous to see people agreeing with it in the comments.
Bitcoin is a cryptocurrency – the very first one.It uses cryptographic mechanisms to create digital immutability, and has the sole purpose of acting as a medium of exchange and store of value.
The points made by whoever this is assigns characteristics to his definition of “cryptocurrency” in a way to further his point that Bitcoin is not as such, and those characteristics are entirely arbitrary.
It’s not a cryptocurrency because it doesn’t have a marketing team? What the hell does that mean?
As if Bitcoin hasn’t been dominated by visions of short term gain like other cryptocurrencies.If it wasn’t, it wouldn’t have had the most volatile swings in pricing of basically every single asset ever created.
This is the dumbest narrative ever spouted by Bitcoin maximalists and it’s shocking to me that it’s gaining traction.By far the most ridiculous way to distinguish itself from other cryptocurrencies.
At its simplest, this argument is “Bitcoin is not a cryptocurrency because every other cryptocurrency is not Bitcoin.”
There was a 2 year long debate, called the Blocksize *wars* over a conflict between people with long term vision and those with a short term one.
The long term vision won over a multibillion dollar industry and proved the *PLEBS* are in charge of the network, not miners or any marketing team.Fuck Crypto.
watch the first 4 seconds again.
he said “bitcoin is not cryptocurrency”, not “bitcoin is not a cryptocurrency”.he is trying to say that bitcoin is not the same as cRYptO, which consists of centralized scam tokens designed to separate fools from their money
This is the dumbest narrative ever spouted by Bitcoin maximalists
I wouldn’t bet against a group that has been proven right, again and again and again.
good luck with your shitcoins
Bitcoin may be a cryptocurrency yes.but the modern colloquialism of “crypto” is far from bitcoin.All of those are centralized scams which might as well be company gift cards
Words represent people’s understanding of things.People’s understanding of what crypto is, is basically Robux and Runescape gold and Twitch bits.A company maintained or company owned with multiple shareholders server.
So the technical definition is not helpful in the discussion.People were told crypto is decentralized, can’t be physically altered, can’t be changed on the back on 1 person’s decision, but what gets to be called crypto is not what I just described.So that’s why we have to make this distinction now.
Bitcoin not “crypto”
clap clap clap
I think he should have simply said crypto is not Bitcoin.
Better to say “crypto” ≠ Bitcoin
Correct
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could not agree more, thanks for sharing
PREACH
This is a relief
Yep.
“White paper doesn’t say blockchain” yet runs on Blockchain…
When he said that as if it was a good point, he lost me completely.Especially saying “these terms came years later and synonymous with something completely different.”
No.
Blockchain is not synonymous with something completely different.Go down your semantic rabbit hole with “Cryptocurrency” all you want, but don’t throw the bedrock technology that Bitcoin has always ran on in the same sentence.
This doesn’t make sense.It is a form of crypto currency.It runs on block chain.
Right?
Nice try, but doesn’t make much sense.
Bitcoin is not a crypto currency Bitcoin is crypto money
No one says that but if you look at the difference between money and currency you will figure why I say it is crypto money .
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