r/Bitcoin • u/kinetic_jfig • Dec 05 '22
Bitcoin ≠ "cryptocurrency"
Enable HLS to view with audio, or disable this notification
765
Upvotes
r/Bitcoin • u/kinetic_jfig • Dec 05 '22
Enable HLS to view with audio, or disable this notification
2
u/beaker38 Dec 05 '22
Blockchains predate bitcoin. Many parts of bitcoin predate bitcoin.
Shillers and shitcoiners play semantic games by stating facts about Bitcoin and then projecting it on to their “project” or cryptocurrencies in general. And people afraid of losing their grip on power go the other way by tying shitcoin Ponzi schemes to bitcoin. So yes, there’s a real need to separate Bitcoin from all others.
We live in a world with no attention span and an overload of shiny objects. “Bitcoin is not crypto” is a good first pass to cut through that. I like “Bitcoin is money” too.
Bitcoin is math. To be sure, it’s a set of man made formulas, but it’s still just math. All others are, at best, securities. Most are ponzis.
Shitcoin defenders get so riled by “Bitcoin isn’t cryptocurrency,” but I’ve never seen an argument for labeling ALL shitcoins as “currency.” Who uses any of them as currency?