Dictionary of Crypto

The three words that need defining are FUD, Schill & Scam

Quote from: BitFomo on April 26, 2016, 09:08:03 PM

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.

Quote from: BitcoinNational on April 25, 2016, 09:04:14 AM

something called bitsquare is all the buzz this week.

Bitsquare beta version has launched!
Thanks again for introducing to the DEX conception!

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

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)

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

What a cool thread, thanks!

TQ
feel free to post a definition (anyone)

here's https://en.wikipedia.org/wiki/Template:Cryptocurrencies

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.

Years of proof vs Years of opinion

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

Quote from: bathrobehero on June 10, 2016, 06:10:19 PM

Premine introduces the need to trust the developer(s) and causes centralization of funds which are two terrible things in crypto.

rekt

☐ Not REKT

☑ REKT

☑ Really Rekt

☑ REKTangle

☑ SHREKT

☑ REKT-it Ralph

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☑ The Usual SusREKTs

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☑ Star Trekt

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☑ REKT TO REKT ass to ass

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☑ Braverekt

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Quote from: Spoetnik on July 07, 2016, 09:56:13 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 Cool

HODL! explained by Southpark: https://www.youtube.com/watch?v=-DT7bX-B1Mg

requires too much cognitive load on the user -- iamnotback

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

Quote from: BitcoinNational on April 26, 2016, 05:04:09 PM

Spoetnik Thread on ICOs

Quote from: Spoetnik on October 19, 2014, 01:23:36 PM

I think it's time we started cleaning up the Altcoin scene of all these crappy scam coins !

there needs be a formal definition of ICOs

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Quote from: Spoetnik on April 26, 2016, 03:53:24 AM

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"

ICO = SCAM

still true

..it's about "Alternative digital Currencies"