Post
Topic
Board Beginners & Help
Re: What is right about Bitcoin?
by
YOSHIE
on 11/09/2023, 14:52:44 UTC
I am very confusing when people and media use different words to describe about Bitcoin.
OP you, no need to be confused about how people pronounce the name Bitcoin as: virtual, crypto, digital and electronic, All these words have one aim, namely Bitcoin, even though the ways of saying them vary.

For this reason, you need to first understand the meaning of all these words, so that you don't get confused, even though they are easy to find on the internet.
Example:
* meaning  Virtual currency
Quote
Virtual currency, or virtual money, is a digital currency that is largely unregulated, issued and usually controlled by its developers, and used and accepted electronically among the members of a specific virtual community.
* [ur=https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.techtarget.com/whatis/definition/digital-currency%23:~:text%3DA%2520digital%2520currency%2520is%2520a,and%2520notes%2520of%2520traditional%2520currencies.&ved=2ahUKEwiR-5Pc4qKBAxU1UGwGHWPOCDQQFnoECBkQBQ&usg=AOvVaw1CZUYKJWD3i7mSNY_1yn6J]meaning  Digital currency[/url]
Quote
A digital currency is a medium of exchange that is generated, stored and transferred electronically. Digital currencies are not typically associated with any country's government or represented in physical forms like the coins and notes of traditional currencies.
* meaning  Cryptocurrencies
Quote
What is cryptocurrency? A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system.
* meaning  Electronic money
Quote
Electronic money (e-money) is a digital alternative to cash. It allows users to make cashless payments with money stored on a card or a phone, or over the internet. EU rules on e-money aim to. facilitate the emergence of new, innovative and secure e-money services.

From this source, you can understand these words, why people use Bitcoin for different words, in essence: one Bitcoin.



So you don't need to be confused anymore when pronouncing the words you mentioned above, other examples in the real world are like people often mentioning the sky.
For example:
Quote
Here are some choices of words to describe the sky:
Space
Space
Cloudy
Bumantara
Horizon
Aerospace
Tawang
Nabastala
The words above literally have one goal, namely the sky, I hope you understand what is meant.