Post
Topic
Board Bitcoin Discussion
Re: I don’t like the term “crypto”
by
Alphakilo
on 24/04/2024, 18:53:25 UTC
BTC> I don’t like the term “crypto” …Not only because it distorts the field of cryptography, but it is also very much related to scam schemes, perpetrated by individuals who have 70% pre-mined coins, create pseudo-decentralized systems, and register trademarks, among other tactics…

This is so true. Crypto for the uninformed, uneducated is synonymous with scams.

Plenty people in my community have fallen prey to different forms of crypto scams and it is the reason why bitcoin education and awareness was met with a hostile attitude and mindset when it was introduced to them.

It took a lot of effort to make them see that bitcoin is not crypto and it is not a scam.

Even the government didn't help in no small way, with their outright ban on "crypto" transactions because for them, it facilitated lots of scams. However, the situation has improved and people know better to differentiated the two. And yes, I am with you on not liking the term "crypto".