Bitcoin Forum
May 05, 2024, 02:32:48 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Stop using words "Bitcoin", "Crypto", "Blockchain" interchangeably.  (Read 667 times)
mktpromp
Newbie
*
Offline Offline

Activity: 294
Merit: 0


View Profile
September 06, 2018, 02:51:53 PM
 #41

Yes it is true, most people think these issues from a same perspective. But each of them are different. Where Bitcoin is the first blockchain technology application. It is not right to think that Bitcoin, crypto and blockchain are same.
The trust scores you see are subjective; they will change depending on who you have in your trust list.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714876368
Hero Member
*
Offline Offline

Posts: 1714876368

View Profile Personal Message (Offline)

Ignore
1714876368
Reply with quote  #2

1714876368
Report to moderator
eternalgloom
Legendary
*
Offline Offline

Activity: 1792
Merit: 1283



View Profile WWW
September 06, 2018, 02:58:51 PM
 #42

Look I usually get annoyed by that too, but you just have to take into account that some people just don't know enough about it to use those terms correctly.
I usually don't bother correcting people when they use one of those terms wrong in a conversation. It just makes you an annoying person to them, if you do it repeatedly.

When journalists do it, I would take a little bit more offense though, there's just no excuse for insufficient research before publishing an article.

So, sure, educate people, but don't do it in a way that you're constantly correcting regular people who just have a basic interest in crypto.
Being a know-it-all usually isn't appreciated too much and you'll put the whole crypto community in a bad light.

tegarp90
Full Member
***
Offline Offline

Activity: 546
Merit: 100



View Profile
September 06, 2018, 03:00:34 PM
 #43

I see that very often people here start talking about blockchain or crypto or Bitcoin only to later use one of the others as a synonym to the former. This is seriously wrong, because there a huge difference between them, and they most likely have different future.

First, Bitcoin and cryptocurrencies. Bitcoin is a cryptocurrency, but just because it is working so well, it doesn't meant that all other cryptocurrencies are as good as Bitcoin or even better than it. Cryptocurrency requires big proof of work, network and community to be secure, it needs talented developers who write quality code. Almost all altcoins lack those things, they only exist because of the hype.

Second, cryptocurrency and blockchain. People think that those things are the same, that all these tokens and coins with platform is the same blockchain technology that is being praised by corporations and governments. But in reality, they are talking about their own centralized, private blockchains, and they are unlikely to support decentralized, open platforms. Also, most of this blockchain technology either exists only in whitepapers or in early stages of development or just disappointing.

So, the main point here is that Bitcoin is not just a cryptocurrency or an application of blockchain technology, it's overall the best cryptocurrency and the best use case of blockchain (guess why? because blockchain was invented as a part of Bitcoin). Don't talk about them like they are the same thing.

Yeah you're right.
Also bitcoin is the core of cryptocurrency and blockchain, i think when people leave bitcoin, there will be no more cryptocurrency stand.
franky1
Legendary
*
Online Online

Activity: 4214
Merit: 4465



View Profile
September 06, 2018, 03:05:31 PM
Last edit: September 07, 2018, 05:35:00 PM by franky1
 #44

Look I usually get annoyed by that too, but you just have to take into account that some people just don't know enough about it to use those terms correctly.
I usually don't bother correcting people when they use one of those terms wrong in a conversation. It just makes you an annoying person to them, if you do it repeatedly.

When journalists do it, I would take a little bit more offense though, there's just no excuse for insufficient research before publishing an article.

So, sure, educate people, but don't do it in a way that you're constantly correcting regular people who just have a basic interest in crypto.
Being a know-it-all usually isn't appreciated too much and you'll put the whole crypto community in a bad light.

there are hundreds of thousands of people on this forum just acting like sheep, repeating what others say and kissing ass..
im just being.. frank. (its why i chose my pseudonym)

as for correcting people. i only make harsher corrections to those at hero/legend levels who should know better. as for newbies i do restrain myself and act as a teacher by just giving the facts

im happy to mention the bad side of developers paid by bankers who are trying to ruin bitcoin.
im happy to have people attack and try to defame my pseudonym (it doesnt hurt /defame my real identity).
but people need to know the harsh truths so they can make better decisions by understanding the reality. rather than the poorly buzzworded utopian dreams

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
Nayborksta
Newbie
*
Offline Offline

Activity: 62
Merit: 0


View Profile
September 06, 2018, 03:09:19 PM
 #45

As long as Bitcoin is a Crypto and is based on a Blockchain we should not mix Bitcoin with Blockchain as they are 2 different things. Bitcoin is just a coin and Blockchain is a way to store the information about transactions made with Bitcoin.
kryptqnick
Legendary
*
Offline Offline

Activity: 3094
Merit: 1385


Join the world-leading crypto sportsbook NOW!


View Profile
September 06, 2018, 03:13:36 PM
 #46

I see that very often people here start talking about blockchain or crypto or Bitcoin only to later use one of the others as a synonym to the former. This is seriously wrong, because there a huge difference between them, and they most likely have different future.

First, Bitcoin and cryptocurrencies. Bitcoin is a cryptocurrency, but just because it is working so well, it doesn't meant that all other cryptocurrencies are as good as Bitcoin or even better than it. Cryptocurrency requires big proof of work, network and community to be secure, it needs talented developers who write quality code. Almost all altcoins lack those things, they only exist because of the hype.

Second, cryptocurrency and blockchain. People think that those things are the same, that all these tokens and coins with platform is the same blockchain technology that is being praised by corporations and governments. But in reality, they are talking about their own centralized, private blockchains, and they are unlikely to support decentralized, open platforms. Also, most of this blockchain technology either exists only in whitepapers or in early stages of development or just disappointing.

So, the main point here is that Bitcoin is not just a cryptocurrency or an application of blockchain technology, it's overall the best cryptocurrency and the best use case of blockchain (guess why? because blockchain was invented as a part of Bitcoin). Don't talk about them like they are the same thing.
Cryptos should also be distinguished from tokens, since the latter are dependent and created for no or limited usage. I'd also add a think about cryptocurrencies and blockchain. Some cryptos are not even based on blockchain, so surely these things should be considered separately. DAG is also quite an interesting crypto technology which is used by Byteball and IOTA. Moreover, blockchain is potentially a way to store any data, monetization isn't even necessary. A good use case examples are blockchain voting and ticket selling perspectives. And that's why I disagree that btc is the best use case. Many things are initially created not for what they become famous for. I can't think of an example from real life, but in Silicon Valley the compressing mechanism was created for sending songs, while that became a base for decentralized internet.

  ▄▄███████▄███████▄▄▄
 █████████████
▀▀▀▀▀▀████▄▄
███████████████
       ▀▀███▄
███████████████
          ▀███
 █████████████
             ███
███████████▀▀               ███
███                         ███
███                         ███
 ███                       ███
  ███▄                   ▄███
   ▀███▄▄             ▄▄███▀
     ▀▀████▄▄▄▄▄▄▄▄▄████▀▀
         ▀▀▀███████▀▀▀
░░░████▄▄▄▄
░▄▄░
▄▄███████▄▀█████▄▄
██▄████▌▐█▌█████▄██
████▀▄▄▄▌███░▄▄▄▀████
██████▄▄▄█▄▄▄██████
█░███████░▐█▌░███████░█
▀▀██▀░██░▐█▌░██░▀██▀▀
▄▄▄░█▀░█░██░▐█▌░██░█░▀█░▄▄▄
██▀░░░░▀██░▐█▌░██▀░░░░▀██
▀██
█████▄███▀▀██▀▀███▄███████▀
▀███████████████████████▀
▀▀▀▀███████████▀▀▀▀
▄▄██████▄▄
▀█▀
█  █▀█▀
  ▄█  ██  █▄  ▄
█ ▄█ █▀█▄▄█▀█ █▄ █
▀▄█ █ ███▄▄▄▄███ █ █▄▀
▀▀ █    ▄▄▄▄    █ ▀▀
   ██████   █
█     ▀▀     █
▀▄▀▄▀▄▀▄▀▄▀▄
▄ ██████▀▀██████ ▄
▄████████ ██ ████████▄
▀▀███████▄▄███████▀▀
▀▀▀████████▀▀▀
█████████████LEADING CRYPTO SPORTSBOOK & CASINO█████████████
MULTI
CURRENCY
1500+
CASINO GAMES
CRYPTO EXCLUSIVE
CLUBHOUSE
FAST & SECURE
PAYMENTS
.
..PLAY NOW!..
noictib
Hero Member
*****
Offline Offline

Activity: 966
Merit: 515


One of the world's leading Bitcoin-powered casinos


View Profile
September 07, 2018, 05:08:43 PM
 #47

I see that very often people here start talking about blockchain or crypto or Bitcoin only to later use one of the others as a synonym to the former. This is seriously wrong, because there a huge difference between them, and they most likely have different future.

First, Bitcoin and cryptocurrencies. Bitcoin is a cryptocurrency, but just because it is working so well, it doesn't meant that all other cryptocurrencies are as good as Bitcoin or even better than it. Cryptocurrency requires big proof of work, network and community to be secure, it needs talented developers who write quality code. Almost all altcoins lack those things, they only exist because of the hype.

Second, cryptocurrency and blockchain. People think that those things are the same, that all these tokens and coins with platform is the same blockchain technology that is being praised by corporations and governments. But in reality, they are talking about their own centralized, private blockchains, and they are unlikely to support decentralized, open platforms. Also, most of this blockchain technology either exists only in whitepapers or in early stages of development or just disappointing.

So, the main point here is that Bitcoin is not just a cryptocurrency or an application of blockchain technology, it's overall the best cryptocurrency and the best use case of blockchain (guess why? because blockchain was invented as a part of Bitcoin). Don't talk about them like they are the same thing.
Here you fact that why bitcoin is first to became a part of Blockchain technology , since here I am fully agree with the things that what the OP says but here I would like to explain that why this is only bitcoin that becames a part of Blockchain technology first .
First of all here it is a matter of development , one of the developer made a better barrier of security so that no one can enter in that circle and that results into a better secure website and with the same concept he made a algorithm where even it was not possible for himself to enter in the algorithm but he made a outside key to handle the program of the algorithm ( that is known as private key ) .
Since he just tried to show his talent that Fiat currency can be made much perfect than what they are in actual but due to not acceptance they gave name to Thier work and with that they got better suooiby few rich people and after that they made publicity of the Blockchain technology with bitcoin term and that results into use for different different types of the things .
And after that many developers came and made copy paste and few different algorithm also to make earnings , so first bitcoin was made to show talent but here now all another news coins are made just to make earnings only .
darkangel11
Legendary
*
Offline Offline

Activity: 2352
Merit: 1345


Defend Bitcoin and its PoW: bitcoincleanup.com


View Profile
September 07, 2018, 06:11:52 PM
 #48

I get annoyed by people who are putting blockchain above all, simply because it can be adapted and used for different things. Bitcoin haters usually talk about blockchain technology being revolutionary, and bitcoin just being a failed project, a cryptocurrency that was supposed to eliminate fiat money and will never make it.
I agree with OP, blockchain was made for bitcoin, not the other way round.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
Cryptogid
Jr. Member
*
Offline Offline

Activity: 252
Merit: 2


View Profile
September 09, 2018, 09:23:59 PM
 #49

You are very correct, especially the newbies,they don't and can hardly differentiates these words,cryptocurrency,block chain,and bitcoin.I will just explain it short and simple terms,bitcoin is one of the digital cryptocurrency,while block chain is a technology, Crypto is a concealed, secret.then cryptocurrency is all types of digital currency..
Rituvohra01
Newbie
*
Offline Offline

Activity: 79
Merit: 0


View Profile
September 13, 2018, 07:00:37 AM
 #50

I think  if the people have lack of knowledge about bitcoin they use it wrongly  because the technology can exist properly without bitcoin and cryptocurrency.
97bj91
Newbie
*
Offline Offline

Activity: 77
Merit: 0


View Profile
September 13, 2018, 07:57:49 AM
 #51

I agree to what you said about the misuse of these three terms. I think it's because of the lack of understanding of these terms and its relationship from each other. Sometimes, Bitcoin is the only known currency because of its popularity and because of that, people tend to relate the term cryptocurrency to bitcoin only without considering the long list of altcoins. Also, for the blockchain tech, they do not know how the technology itself works. SO, overall, we really have to educate everyone about these so no one will be left behind. 
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!