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20 sats \ 4 replies \ @random_ 15 Feb \ on: "Bitcoin is not cryptocurrency". Why? bitcoin_beginners
Simply because of the one shot principle.
"Absolute mathematical scarcity achieved by consensus in a sufficiently decentralized distributed network was a discovery rather than an invention. IT CANNOT BE ACHEIVED AGAIN since the very thing discovered was resistance to replicability itself."
-Knut Svanholm
Often imitated, never replicated. There is no second best. etc. etc.
Thanks.
This is a great point. If something is unique, we shouldn't associate it with a group.
Does listening "Bitcoin is a Cryptocurrency" irritates you?
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Does listening "Bitcoin is a Cryptocurrency" irritates you?
Colloquially, it is.
But I agree with @justin_shocknet that it understates what Bitcoin is and reinforces affinity scams.
I only make the distinction clear to friends and family. It's not a crusade of mine.
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