Post
Topic
Board Bitcoin Discussion
Re: Bitcoin's exact definition
by
eladkr85
on 21/07/2013, 18:30:26 UTC
Bitcoin (n.):

1. A decentralized internet crypto-commodity minted, authenticated and exchanged by its users.

2. The distributed, freely accessible internet ledger with the bitcoin(1) (or the satoshi) as the unit of account.

3. The community of Bitcoin(2) miners, node operators, developers, users, merchants, and exchanges. The Bitcoin(2) ecosystem.

This is a good point - "Bitcoin" means more than one thing. Actually, I believe def. 1 is small-b "bitcoin".
Bitcoin is the protocol,
bitcoin is the unit used by the protocol.

That'd be definition 1 then, since we're talking about the commodity.

Would we need 2 separate definitions here, one for "Bitcoin" and one for "bitcoin"? Usually the separate meanings are all listed under the same word.
This post was posted at general talks, so generally, in this board, the definition is Bitcoin, because we're not talking about exchanges, or the bitcoin's value.