Post
Topic
Board Bitcoin Discussion
Re: I don’t like the term “crypto”
by
btc78
on 26/04/2024, 07:57:32 UTC
Actually i think it is quite fitting. Cryptocurrency is known to be decentralized and anonymous hence why the word crypto typically associated with cryptic meaning hidden seems about right.

Quote
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…
That’s true crypto has been involved in so many scams that people tend to associate it with every scam in the world. I think we just need to explain it further what crypto is to prevent any more misunderstandings