Oddbean new post about login | logout Hence why I say "crypto" in quotes and not cryptocurrency! The term has been imbued with different meaning colloquially
i cought the quotes, and i agree "crypto" has taken on a negative colliquial association with altcoins, but when you said "in fact, the terms cryptocurrency and blockchain" (with red lines slashed through them) aren't even in the whitepaper. it heavily insinuates that bitcoin is not a "cryptocurrency." especially for onboarding friends and family who are typically normies. in my experience the term altcoin serves the same purpose of differentiating btc from shitcoins and does not confuse people the way using the short form of cryptocurrency does. anyway i enjoy your vids. thanks for listening to my 2 sats
and after the red slashes through cryptocurrency and blockchain, you go on to say "btc is often labeled as a "cryptocurrency" but it has little to do with the broader "crypto" industry. this sentence alone insinuates that btc it is not a cryptocurrency. make sense? it's confusing for normies.
The term 'crypto' is from 'cryptography' basically. In that sense Bitcoin is cryptocurrency. But the point is clear: Bitcoin is BITCOIN. No common noun is required. Just the proper name is enough and clean, and confusing. Any common name for Bitcoin helps shitcoins. @kineticfinance is correct in this regard.
thank you for your opinion. the fact is, cryptocurrency is not a label, it is the type of currency that bitcoin is. you will not stop this accurate descriptor in the wild. in my experience for successful onboarding it is better to differentiate between cryptocurrencies by, as you said, just saying bitcoin...to which i would add, all the other cryptocurrencies are called altcoins (aka shitcoins) to btc maxies...and here's why etc. imo, if the video said that bitcoin is a cryptocurrency but not like others we btc maxies call altcoins or shitcoins, because bitcoin is bitcoin and there's a reason why it's #1, and here's why, then the point would be clear
i like julian's videos. this is constructive fb. i am not here to argue about it. take it or don't, but the approach of this video sayong btc is "labeled" as a cryptocurrency, but isn't crypto it true only as long as you talk to btc maxies...while the rest of the industry and most all exchanges call btc crypto (as in cryptocurrency), is confusing to normies. period.
Thank you. 🌺
"which one is the best crypto asset? bitcoin is the best crypto asset. what's the second best? well, there is no second best." - Michael Saylor https://video.nostr.build/b44b5f04eaeeee34f33b899ed822f89e72267c18b427bad49934139e9bc88f88.mp4