Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Bitcoin Is Not Crypto, The SEC Confirms
by
hatshepsut93
on 03/08/2023, 18:38:13 UTC
⭐ Merited by buwaytress (1)
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.