Post
Topic
Board Bitcoin Discussion
Re: "Cryptocurrency" - A failure of language usage.
by
dkbit98
on 19/04/2021, 15:04:13 UTC
I just wanted to state that I find it falsely to use the term "currency" over something that can be used by anyone in the world and it is definitely not determined or even acceptable by a nation.

I think that Satoshi was one of the first people who said that Bitcoin is P2P cryptocurrency back in 2010, soon after that Liberty Reserve Exchange and everyone else started to use the same term and I don't see anything wrong with words we are all using.

You can buy Tesla vehicle with Bitcoin and you can buy other things using crypto, but you can also hold it as a store of value especially when fees are high like they are now.


Announcing version 0.3 of Bitcoin, the P2P cryptocurrency!  Bitcoin is a digital currency using cryptography and a distributed network to replace the need for a trusted central server.  Escape the arbitrary inflation risk of centrally managed currencies!  Bitcoin's total circulation is limited to 21 million coins.  The coins are gradually released to the network's nodes based on the CPU power they contribute, so you can get a share of them by contributing your idle CPU time.