Post
Topic
Board Beginners & Help
Re: Terms to learn about bitcoin for newbies :for better understanding
by
IjawMan
on 28/06/2025, 16:36:56 UTC
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.

I chipped into the WIF it is a memecoin and I was pondering how it has to do with bitcoin when what the Op title is bitcoin terms for we newbies to learn about. Good a thing you pointed these errors out for our clarity. If we have to learn as newbies, we should learn the right and accurate things about bitcoin.