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21 sats \ 6 replies \ @IamSINGLE OP 15 Feb \ parent \ on: "Bitcoin is not cryptocurrency". Why? bitcoin_beginners
I already know they are scams. I'm just asking why can't we use the word "Cryptocurrency for Bitcoin".
Bitcoin was the first cryptocurrency, this is a fact. What Bitcoin maxis argue about is "Bitcoin vs crypto". Because too many influencers shill crypto scams as something on par with Bitcoin.
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I'm just asking why can't we use the word "Cryptocurrency for Bitcoin".
Maybe it's the word 'currency'; it means it's issued or backed by someone or something? Bitcoin is very different from these cryptocurrencies. You can call it CryptoMoney if you want to 🤣
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Then, they are wrong (or narrow thinking), currency is something that can be used as MoE.
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How would you orange pill a nocoiner if you told them, 'Bitcoin is a cryptocurrency'? If they do their own research, they might end up looking into other alternative coins, thinking they are the same as Bitcoin. Don't they? That's why we need to distinguish Bitcoin from
cryptocurrencies, which function more like corporations and are not truly decentralized or can even be hybrid types. Bitcoin is just the opposite of that, so you definitely need to clear things out.reply
So, we can say Bitcoin is money. But again they might end up comparing it with a lot of fuss. I'm not sure if you only tell someone "Bitcoin" and he doesn't come across the word "Cryptocurrency".
We can/should rather say "Bitcoin is the one and only Cryptocurrency." Can we?
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I'm not sure, I'm a newbie and so many sources on the internet say 'Bitcoin is a cryptocurrency.' That's why I would have believed that all other coins are the same as Bitcoin. But when I came here on Stacker News, I learned the real differences between them. I assume all newbies could get easily confused and end up in alternative coins if the real differences aren't taught well.
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