Post
Topic
Board Beginners & Help
Re: Terms to learn about bitcoin for newbies :for better understanding
by
JiiBs
on 28/06/2025, 11:58:03 UTC
Every field has its own dictionary as applies to use of certain words and terms which explains just why these glossaries are useful but, imagine going to a dictionary and you are been given a link to look up on the web to find its meaning. It simply means, even the OP hasn’t got an understanding of some of these basic terms but just a referenced work. That’s why I favor this quote:


Newbies seem to love posting glossaries, but they are typically full of errors and misunderstandings. I encourage newbies to avoid the practice.

The following terms have descriptions that are inaccurate or not applicable to Bitcoin:

13. Wallet Backup -- It says to update the backup every time a new address is generated. That is unnecessary and risky for a bitcoin wallet.
20. Wallet Address -- A Bitcoin wallet does not have an address. It contains addresses.
23. Decentralization -- The description applies to business management. It does not apply to Bitcoin, networks, or protocols.
35. WIF -- The link you posted is a description of WIFcoin. Clearly, you have no understanding of what WIF means.
37. Ransomware -- The term has no place in a glossary about Bitcoin.


You debunked so much in this short comment than I would say was done in the OP. Not just because you clarified what certain terms meant but the means you used. Instead having to out at links as observed in the OP, you have a simplified definition of the terms as it applies.