Quote from: hatshepsut93 on August 03, 2023, 06:38:13 PM

Quote from: Upgrade00 on August 02, 2023, 08:38:27 AM

Bitcoin is a crypto cause it is decentralized but not a security so it's not directly regulated by the SEC.

"Crypto" is not a sign of decentralization, most coins these days rely on a small team of developers and their network designs tend to be heavily centralized.

Satoshi never used the word "cryptocurrency" or "crypto" (aside from cryptography). This word got invented when altcoins started emerging. And altcoins are like parasites, they don't like to call themselves altcoins, they call themselves crypto, because crypto means "Bitcoin + altcoins", and it's hard to criticize Bitcoin.

So, stopping calling Bitcoin "crypto" is a good idea, it would separate Bitcoin from alts.

Wanted to chime in, but you said all of the things I wanted to. Neither satoshi nor the white paper are guilty of hyperbole -- the hallmark of everything else (yes, including and in particular Ethereum earlier on).

I do think "crypto" (cryptocurrency) is a fair normie description for what Bitcoin is though, with the cabeat that Bitcoin really is different from the rest.