This is a rather worthless infographic.
It's got misleading information, and information that's just plain wrong. I definitely wouldn't share it with anyone.
i know, i laughed ssooo much.
EG
Multisig;
an address which allows multiple parties access to a single wallet.translated properly:
Multisig: an address with multiple access keys, which can be used to make funds more secure by requiring multiple people to authorize a transaction
firstly.. a wallet is basically a notepad, used as a database or password storage.. a wallet is not the key itself!
secondly.. a single privkey can also allow access by multiple people.. just tell everyone your privkey.
EG
PRIVATE KEY:
an alpha-numberic string, kept secret by the owner, which unlocks a corresponding bitcoin wallet.translated properly:
PRIVATE KEY: a lengthy letter-number combination access key, intended to be kept secret by the holder, which allows access to the corresponding public bitcoin address
firstly.. if your going to take waffle away "alpha-numeric string" to keep it as basic laymans as possible (afterall that's the point).
secondly.. wallet again is nothing to do with the 'pub/priv keypair'
EG
AML/KYC:
....... are standards of operation enforced over bitcoin companies by verious governments.
translated properly:
AML/KYC: ....... are standards of operation enforced over any company handling any FIAT currency exchange, and regulated by the various governments in which the business operates.
firstly.. AML/KYC are only required by the fiat <-> other currency businesses.
secondly.. vErious?
EG
FIAT CURRENCY:
government backed only by the faith of those who use ittranslated properly
FIAT CURRENCY: government backed, insured and taxed and part of minimum wage laws, such as dollar euro, pound.
firstly.. the taxing of, and the lawful requirements of minimal pay measurement. makes the value.
secondly.. there is no faith in it. but most think there is no choice
