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Title: Dictionary of Crypto Post by: BitcoinNational on April 22, 2016, 12:42:29 PM so wondering if a dictionary is needed to define terms
will try to change the poll periodically Title: Re: Dictionary of Crypto Post by: BitcoinNational on April 22, 2016, 12:42:46 PM DEFINITIONS (go here)(you suggest them / you define them)
B E & L ... btc, eth, ltc CAB (https://bitcointalk.org/index.php?topic=1456563.0)... cap, ass, biz Consensus Algo crash ... Markets are generally thought to have crashed when prices drop by 10 percent or more in a given day. dac dao [ DO NOT POST SESC LINKS ]1[/url] dex is shorthand for a Decentralized Exchange fault recovery or state recovery ... the chain .. it broke now fix it mode of POW federated chain ... aka permissioned ledger FOMO ... acronym .. Fear of Missing Out, akin to avarice / cupidity FUD ... acronym .. Fear Uncertainty & Doubt fugazi .... primary source see Wolf of Wallstreet ... old sauce "fucked up, got ambushed, zipped in [a body bag]" ... 1. Fake, false 2. A really bad knockoff, a copy. HODL! ... HUS ... acronym .. Hype Up & Schill ICO (https://bitcointalk.org/index.php?topic=1446561.msg14630523#msg14630523) ... acronym .. initial coin offering ... see SCAM! Larimer (https://bitcointalk.org/index.php?topic=1446561.msg14646985#msg14646985).. a "Larimer" .. decepticon / knave Lightning Network is a system of bilateral smart contracts, where you may earn a fee by providing liquidity to other users. MPA (Market-Pegged Asset) ... thread https://bitcointalk.org/index.php?topic=1538757.new#new merge-mining aka auxiliary proof-of-work (AuxPoW), allowing a coin to be mined in concert with another like BTC or LTC .. eg. https://www.multipool.us/ PoB (Proof of Burn): A mechanism where a participant is rewarded when he shows he has destroyed coins by sending them to an "unspendable" address. It can be used to achieve distributed consensus in a cryptocurrency: those who burn most currency have the highest probability to find blocks. But it is also used to "bootstrap a new cryptocurrency off of another": when a participant "burns" coins from one currency, he gets tokens in another one. (More info in: http://en.bitcoin.it/wiki/Proof_of_burn) PoS (Proof of Stake): A mechanism to achieve distributed consensus among a network of participants. Staking there is providing updates to the whole network's state, where you earn fees for contributing to the validity and the security of the network. Premine and Instamine: A premine is where a coins lead developer mine the genesis block and subsequent blocks in secret for a period of time, prior to publicly launching their new cryptocurrency, aka, unfair launch. These are almost always scams so general advice stay away. Premine introduces the need to trust the developer(s) and causes centralization of funds both of which are proven has high risk factors in crypto. REKT ... visual ref. http://imgur.com/gallery/Q6MuD schill ... a shill, also called a plant or a stooge or a decoy, is a person who publicly helps or gives credibility to a coin without disclosing that they are being paid to promote/advertise the coin (see sockpuppets, propaganda -ist). v. to shill, dupe bystanders into participating in a swindle or scam. single issue poster sleepers ... good coins, with solid parameters, trading at low volume for long periods, but due for some explosive future gains --- comparison / opposites Longs borrow fiat to buy bitcoin and then resell them higher for profit, shorts borrow bitcoin to sell and get fiat then rebuy them for cheaper and get profit. FUD vs HUS --- phrases "the hype cycle” ... All new technology seems to go through it. A simple way to explain it is to look at the rise of the internet and the dotcom boom-bust. In crypto a major hype cycle began in late 2013 with BTC priced above $1100 and LTC hitting $50, 1000s of 'alt coins' where released. "the oldest trick in the book" ... http://imgur.com/ZA9fjqJ --- opinions Eth was just a banker backed scheme to try and co-opt Bitcoin and replace it with a premined, permissioned ledger, I'd say zero is too high of a price. Ethereum: - There is no way you can predict anything about Ethereum because it's consensus mechanism and other attributes aren't even finalized. It's like saying "the pizza tastes good" after you order it before they even make it. NXT - Once stakers have to pool their stake, which is inevitable, or the network doesn't function, the system basically becomes a far less efficient, less distributed version of DPoS, so I consider PoS kind of a dead end in that regard. Nxt 2.0 Nxt 2.0 is an over-engineered hot mess just like the original, except with less support. Ripple Premined permissioned ledger scam to extort money from idiots. iota the latest scam from the nxt1 crew of progscammers that exited that project and now need more of your btc monero No it has fuck all. It is a currency for obese pedophiles Title: Re: Dictionary of Crypto Post by: fortunecrypto on April 22, 2016, 01:29:42 PM so wondering if a dictionary is needed to define terms will try to change the poll periodically For the late comers sake we need one with so many terms coming up that are dedicted to crypto currency newbies are at lost on those terms sometimes I have to dig to this forum and google to find what are some words related to crypto currency.. Title: Re: ICO Post by: BitcoinNational on April 22, 2016, 02:22:38 PM ICO = Initial Coin Offering
similar to IPO; Initial public offering https://en.wikipedia.org/wiki/Initial_public_offering Quote Initial public offerings are mostly used by companies to raise the expansion of capital, possibly to monetize the investments of early private investors, and to become publicly traded enterprises. There could be a more salty definition of ICOs. Whereas IPOs are often underwritten to have a minimum value by a ratings company, ICOs start with no backing and rely purely on the amount of hype generated prior to sale of the 'premined' coins. Whereas IPOs also require public record of pre-offer buyers and sellers, ICOs have yet to provide such public scrutiny. It should be stressed that there is no cost of coin production, as all initial coins are produced at nearly no cost. PRO (obviously) It is just a method of coin distribution to fund development. Crowdfunding is used to distribute the coins, instead of mining the coin initially. https://en.wikipedia.org/wiki/Crowdfunding https://en.bitcoin.it/wiki/Mining CON My advice would be to avoid them all. This stuff is not *supposed* to be about new people coming here trying to make money. ..it's about "Alternative digital Currencies" http://cs.rin.ru/forum/images/smilies/aq.gif ICO = SCAM http://cs.rin.ru/forum/images/smilies/moderator.gif https://bitcointalk.org/useravatars/avatar_138471.png --- Best funding model? https://bitcointalk.org/index.php?topic=1433452.0 What is ICO ? https://bitcointalk.org/index.php?topic=1451023.0 Title: Re: Dictionary of Crypto Post by: BitcoinNational on April 24, 2016, 05:51:15 AM found official def.
What is ICO? An ICO, Initial Coin Offering, allows a new developers team to tap into a wide pool of potential investors to provide itself with capital for future growth, repayment of debt, or working capital. A company selling on ICO is never required to repay the capital to its public investors. Those investors must endure the unpredictable nature of the open market to price and trade their ICO coins. After the ICO, when coins trade freely in the open market, money passes between public investors. For early private investors who choose to sell shares as part of the ICO process, the ICO represents an opportunity to monetize their investment. After the ICO, once coins trade in the open market, investors holding large blocks of shares can either sell those shares piecemeal in the open market, or hold to see further development and growth potential in the project. This type of offering is not dilutive or inflational, since no new coins are being created. http://saldigi.info/info/ico Title: Re: Dictionary of Crypto Post by: DecentralizeEconomics on April 24, 2016, 06:29:19 AM I called somebody on here a "Larimer" the other day, and a crypto novice gave me a blank stare. I explained to him that "LARIMER" is an acronym for a "Lying Ass Robbing Ignorant, Mindless, Eager Rookies". He instantly understood. I thought I'd share this definition with any other inquisitive newcomers.
Title: Re: Dictionary of Crypto Post by: BitcoinNational on April 24, 2016, 06:39:12 AM Quote Calling Lightning a Proof-of-Stake system is orthogonal to the concept usually labeled as PoS. Him having done so will just generate loads of confusion. What we usually describe as PoS is a mechanism to achieve distributed consensus among a network of participants. Staking there is providing updates to the whole network's state, where you earn fees for contributing to the validity and the security of the network. On the other hand, Lightning Network is a system of bilateral smartcontracts, where you may earn a fee by providing liquidity to other users. Nodes along a payment path don't provide any proof whatsoever, they merely forward a payment. There is no global consensus in Lightning, contracts are created, verified, and executed between two or a small number of participants. Any need to create consensus in the case of disagreement is provided by the proof-of-work of the Bitcoin network. https://www.reddit.com/r/Bitcoin/comments/4g4q24/andreas_antonopoulos_blows_me_away_by_probably/d2eron4 PoS is a mechanism to achieve distributed consensus among a network of participants. Staking there is providing updates to the whole network's state, where you earn fees for contributing to the validity and the security of the network. Lightning Network is a system of bilateral smart contracts, where you may earn a fee by providing liquidity to other users. Title: Re: Dictionary of Crypto Post by: BitcoinNational on April 24, 2016, 02:16:54 PM Quote ShapeShift appears to be a simple web service. It’s taken a lot of work by our engineers to keep up that appearance. Behind the scenes, the platform is complex. Over 1,400 direct asset trading pairs, integrations with half a dozen exchange API’s requiring real-time price information on all offered cryptocurrencies, low-latency service API’s to several dozen partners, the monitoring and calculation of constantly changing exchange rates and order book depth in some of the most volatile markets on Earth, and incorporation of what can only be described as alpha-level software in various states of disarray (coin daemons…bleh). https://news.bitcoin.com/looting-fox-sabotage-shapeshift/ Title: Re: Dictionary of Crypto Post by: alenevaa on April 25, 2016, 08:30:12 AM so wondering if a dictionary is needed to define terms They say the best dictionary is google ;)I voted for dex. What's it? Title: Re: Dictionary of Crypto Post by: BitcoinNational on April 25, 2016, 09:04:14 AM dex is shorthand for a Decentralized Exchange.
something called bitsquare is all the buzz this week. BTS, NXT, XCP, Blockshare ... all the 2.0s are all trying to build one ... but we need a Larimer to give it a smart definition. Title: Re: Dictionary of Crypto Post by: alenevaa on April 25, 2016, 09:22:16 AM dex is shorthand for a Decentralized Exchange. Thank you for the explanation! I know that in math dex is decimal exponent. And I could not understand how it is connected with Crypto world. :) Title: Re: Dictionary of Crypto Post by: BitcoinNational on April 26, 2016, 05:58:34 AM update ICO
So ico is complete scam normally. Don't be told otherwise by the scammers. The only legit way of distribution is mining - longterm mining. You're welcome. Title: Re: Dictionary of Crypto Post by: TPTB_need_war on April 26, 2016, 06:09:34 AM Re: What is ICO ? Idiot's Coin Owership plan. Via: Instant Corruption Obfuscation scheme. Edit: Idiomatic Conundrum Oligarchy debacle. Inimical Cartelized Organization Iota Co-owners' Opulence Title: Re: Dictionary of Crypto Post by: BitcoinNational on April 26, 2016, 07:56:52 AM ico might have a future; but all have had shady pasts
it will take escrow and creditable backers first +some kind of arbitration system Instant Corruption Obfuscation scheme. best disinfectant is sunshine to clear things upTitle: Re: Dictionary of Crypto Post by: BitcoinNational on April 26, 2016, 05:04:09 PM Spoetnik Thread on ICOs
I think it's time we started cleaning up the Altcoin scene of all these crappy scam coins ! http://i60.tinypic.com/1zev5us.jpg Title: Re: Dictionary of Crypto Post by: bitbite111 on April 26, 2016, 05:09:01 PM FOMO Fear of Missing Out
Title: Re: Dictionary of Crypto Post by: coinstatic on April 26, 2016, 06:29:57 PM I'd like to ask, what is the actual difference in an ICO and a Pre-mine?
If there is no difference then why is there even 2 different names? Title: Re: Dictionary of Crypto Post by: tuvok007 on April 26, 2016, 06:34:05 PM Thumbs up for the creator of the topic,I often wonder what some acronym means.
Title: Re: Dictionary of Crypto Post by: BitFomo on April 26, 2016, 09:08:03 PM REKT: The aftermath when you invest in altcoins after your barber give you investment advice.
Title: Re: Dictionary of Crypto Post by: BitcoinNational on April 27, 2016, 04:20:25 AM I'd like to ask, what is the actual difference in an ICO and a Pre-mine? If there is no difference then why is there even 2 different names? ICO vs Pre-mine you must buy the premine = ICO you get payment from the premine for doing bounty work contributing to the coin project = premine (conventionally) Title: Re: Dictionary of Crypto Post by: rdnkjdi on April 27, 2016, 04:32:03 AM The three words that need defining are FUD, Schill & Scam
Title: Re: Dictionary of Crypto Post by: BitcoinNational on April 27, 2016, 04:51:12 AM REKT: The aftermath when you invest in altcoins after your barber give you investment advice. agree. FUD Schill Scam REKT anyone is free do define ... but define less give example I like FUD to have a counter opposite; HUD the Hopeful idiots that remain willfully ignorant of any down side potential, basically the idiots that buy at a peak or at least the language used ... "To da MOON! Next stop $100 eth" .. maybe .. HUS ... 'Hype Up & Schill' --- schill ... a shill, also called a plant or a stooge or a decoy, is a person who publicly helps or gives credibility to a coin without disclosing that they are being paid to promote/advertise the coin (see sockpuppets, propaganda -ist). v. to shill, dupe bystanders into participating in a swindle or scam. Title: Re: Dictionary of Crypto Post by: alenevaa on April 28, 2016, 11:38:37 AM something called bitsquare is all the buzz this week. Bitsquare beta version has launched (https://github.com/bitsquare/bitsquare/releases/tag/v0.4.4)! Thanks again for introducing to the DEX conception! Title: Re: Dictionary of Crypto Post by: BitcoinNational on May 08, 2016, 03:56:18 AM Pablo Lema "Crypto Success, Investing in Cryptocurrency for the Long Term" https://bitcointalk.org/index.php?topic=1464220.0
https://drive.google.com/file/d/0ByC-TIOWdlEXX0ZPdWdiT2Y3YnM/view Centralized vs. Decentralized: Signals are not “take it or leave it” but rather food for thought as you build a mental image of the coin you are considering investing in. Trolls: Trolls are the bane of the internet Trolls are agents of disinformation and master provocateurs spreading Fear, Uncertainty and Doubt (FUD) within the community. Global Node Count:For most coins, nodes are merely full (core) clients, which run a complete copy of the Blockchain and which are kept running; what this does is secure the network by adding yet another full copy of the block chain which transactions can be checked against, and have all other nodes broadcasts checked against itself. 8. The Bleeding Edge:Finally, a note about investing in the “bleeding edge”. Several coins have sprouted claiming to be Bitcoin 2.0; recent ones include Ethereum (which is very popular right now), Bitshares, Golden Rule:Be skeptical Title: Re: Dictionary of Crypto Post by: d5000 on May 08, 2016, 06:15:48 PM PoB (Proof of Burn): A mechanism where a participant is rewarded when he shows he has destroyed coins by sending them to an "unspendable" address. It can be used to achieve distributed consensus in a cryptocurrency: those who burn most currency have the highest probability to find blocks. But it is also used to "bootstrap a new cryptocurrency off of another": when a participant "burns" coins from one currency, he gets tokens in another one. (More info in: http://en.bitcoin.it/wiki/Proof_of_burn)
Title: Re: Dictionary of Crypto Post by: BitcoinNational on May 21, 2016, 08:54:24 AM added:
federated chain source r0ach too add permanent decentralized exchange pegs ... that which thus results in a permissionless system (pow reward new coins scheme) Recursive system [like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails.] bounded entropy system private ledger Title: Re: Dictionary of Crypto Post by: GetVisaCoin on May 21, 2016, 09:25:38 AM What a cool thread, thanks!
Title: Re: Dictionary of Crypto Post by: BitcoinNational on May 22, 2016, 04:41:07 AM TQ
feel free to post a definition (anyone) here's https://en.wikipedia.org/wiki/Template:Cryptocurrencies Title: Re: Dictionary of Crypto Post by: BitcoinNational on May 28, 2016, 02:55:56 PM Wallet Services Wallets are the main access point for users to manage, send, and receive their coins. Compiling a wallet, however is not something that every user knows how to do, and the learning curve for entry into proper compiling can be too much for some to handle. When your user base can be comprised of multiple OS distributions and flavors, there is nothing more frustrating for a user than to find out that a coin they are interested in doesn't offer an easy way for them to manage their coins from their own computer. Managed Nodes Having a wallet available for users just isn't enough to maintain your coin's network, many users computers are behind consumer firewalls that may or may not allow for the automatic port forwarding necessary for OTHER wallets on the network to establish a connection. Having a stable and dedicated set of nodes that can connect freely to each other and allow incoming connections is vital for any coin's network to survive. As a coin grows in use, existing static nodes may reach their limit of incoming connections or become bogged down trying to process the connections they can establish. Adding more nodes to your network can relieve some strain on existing nodes and provides more capacity to your network. DNS Seeders Making wallets aware of nodes on the network is pretty important! Many methods have been used to facilitate this over the years: hand-coding IP addresses (or hex strings) right into the wallet's source code, using IRC channels behind the scene, or even distributing long lists of "addnode" lines for users to dump into a conf file. Each method has it's merrits, but also it's shortcomings; from extra wallet releases, to security risks. DNS Seeders constantly crawl your network and return always-updated lists of REACHABLE nodes that wallets can use to establish initial connections. Block Explorers Block explorers offer up a multitude of additional analysis options for tracking transactions, block times, address balances, and more. Powered by the blockchain itself, a block explorer makes the entire history of every block and transaction available at moment's notice to anyone with a modern web browser. More recent wallets can even link directly to a block explorer to show transaction details not normally available in the wallet's UI display. Title: Re: Dictionary of Crypto Post by: BitcoinNational on June 03, 2016, 04:06:43 AM Years of proof vs Years of opinion
Title: Re: Dictionary of Crypto Post by: BitcoinNational on June 05, 2016, 07:20:30 AM coining
"B E & L" ... btc, eth, ltc BEL ... the 3 major blockchains FUD ... the 3 minor blockchains L7 ... the 7 most important blockchain/network/platforms Title: Re: Dictionary of Crypto Post by: BitcoinNational on June 15, 2016, 12:56:19 PM Premine introduces the need to trust the developer(s) and causes centralization of funds which are two terrible things in crypto. Title: Re: Dictionary of Crypto Post by: BitcoinNational on June 18, 2016, 08:36:04 AM rekt
https://i.imgur.com/CNQm82V.jpg ☐ Not REKT ☑ REKT ☑ Really Rekt ☑ REKTangle ☑ SHREKT ☑ REKT-it Ralph ☑ Total REKTall ☑ The Lord of the REKT ☑ The Usual SusREKTs ☑ North by NorthREKT ☑ REKT to the Future ☑ Once Upon a Time in the REKT ☑ Full mast erektion ☑ Rektum ☑ Resurrekt ☑ CorRekt ☑ Indirekt ☑ Tyrannosaurus Rekt ☑ Cash4Rekt.com ☑ Grapes of Rekt ☑ Ship Rekt ☑ Rekt markes the spot ☑ Caught rekt handed ☑ The Rekt Side Story ☑ Singin' In The Rekt ☑ Painting The Roses Rekt ☑ Rekt Van Winkle ☑ Parks and Rekt ☑ Lord of the Rekts: The Reking of the King ☑ Star Trekt ☑ The Rekt Prince of Bel-Air ☑ A Game of Rekt ☑ Rektflix ☑ Rekt it like it's hot ☑ RektBox 360 ☑ The Rekt-men ☑ School Of Rekt ☑ I am Fire, I am Rekt ☑ Rekt and Roll ☑ Professor Rekt ☑ Catcher in the Rekt ☑ Rekt-22 ☑ Harry Potter: The Half-Rekt Prince ☑ Great Rektspectations ☑ Paper Scissors Rekt ☑ RektCraft ☑ Grand Rekt Auto V ☑ Call of Rekt: Modern Reking 2 ☑ Legend Of Zelda: Ocarina of Rekt ☑ Rekt It Ralph ☑ Left 4 Rekt ☑ www.rekkit.com ☑ Pokemon: Fire Rekt ☑ The Shawshank Rektemption ☑ The Rektfather ☑ The Rekt Knight ☑ Fiddler on the Rekt ☑ The Rekt Files ☑ The Good, the Bad, and The Rekt ☑ Forrekt Gump ☑ The Silence of the Rekts ☑ The Green Rekt ☑ Gladirekt ☑ Spirekted Away ☑ Terminator 2: Rektment Day ☑ The Rekt Knight Rises ☑ The Rekt King ☑ REKT-E ☑ Citizen Rekt ☑ Requiem for a Rekt ☑ REKT TO REKT ass to ass ☑ Star Wars: Episode VI - Return of the Rekt ☑ Braverekt ☑ Batrekt Begins ☑ 2001: A Rekt Odyssey ☑ The Wolf of Rekt Street ☑ Rekt's Labyrinth ☑ 12 Years a Rekt ☑ Gravirekt ☑ Finding Rekt ☑ The Arekters ☑ There Will Be Rekt ☑ Christopher Rektellston ☑ Hachi: A Rekt Tale ☑ The Rekt Ultimatum ☑ Shrekt ☑ Rektal Exam ☑ Rektium for a Dream ☑ Erektile Dysfunction Title: Re: Dictionary of Crypto Post by: BitcoinNational on July 08, 2016, 04:17:15 AM That would mean it defeats the very purpose of having a fucking currency in the first place ROFLXL Yup.. That's right ! I am making up a new term just because of this altard faggotry.. called ROFLXL It means ROFL EXTRA LOUD ! Spoetnik style 8) Title: Re: Dictionary of Crypto Post by: vincentvincent on July 08, 2016, 04:50:02 AM HODL! explained by Southpark: https://www.youtube.com/watch?v=-DT7bX-B1Mg
Title: Re: Dictionary of Crypto Post by: BitcoinNational on July 31, 2016, 07:15:31 AM requires too much cognitive load on the user -- iamnotback
Title: Re: Dictionary of Crypto Post by: BitcoinNational on August 21, 2016, 08:49:55 AM Title: Re: Dictionary of Crypto Post by: BitcoinNational on September 07, 2016, 01:21:28 PM Charlie Shrem Slang Glossary https://docs.google.com/spreadsheets/d/1ZJxWZPGtjjjNnkklusXGrEjdxmBkb6uqsdQ3u1KbVS4/
Trash Cash = Money issued by a central bank Fiat = what silly muggles invest in DPOW = Delegated Proof of Work Seed-Node = db server that provides the blockchain database to syncing clients Title: Re: Dictionary of Crypto Post by: BitcoinNational on October 13, 2016, 11:32:39 AM Spoetnik Thread on ICOs I think it's time we started cleaning up the Altcoin scene of all these crappy scam coins ! http://i60.tinypic.com/1zev5us.jpg there needs be a formal definition of ICOs "{ My advice would be to avoid them all. This stuff is not *supposed* to be about new people coming here trying to make money. ..it's about "Alternative digital Currencies" http://cs.rin.ru/forum/images/smilies/aq.gif ICO = SCAM http://cs.rin.ru/forum/images/smilies/moderator.gif https://bitcointalk.org/useravatars/avatar_138471.png still true ..it's about "Alternative digital Currencies" |
