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Author Topic: Some commonly used crypto acronyms and their meanings on bitcointalk for newbie.  (Read 176 times)
CryptSafe (OP)
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June 07, 2023, 02:35:51 PM
Last edit: June 08, 2023, 01:15:35 PM by CryptSafe
 #1

I thought of this for a long time and I had to come up with this task so as to help newbies understand the platform a bit clear of some acronyms and its full meaning so if they see it some where they could tell what it is and how to follow up if it means to do so. I had to do this based on a particular post (https://bitcointalk.org/index.php?topic=5454780.0) as raised by a newbie asking to know a particular acronym which s/he knows not. I have no idea if such a thread already exist but i just think this would help them a lot to get acquainted onboard the platform as the case maybe.

Since this is the thread for  Beginners & Help which invariably means that newbies would likely or definitely flood here to get updates on how the forum operates and getting some vital information to keep them abreast of activities. It would be in a good position to do the the needful seeing it here if there is any of such in any other board hence my making this post here for all newbie to see for themselves.
I stand to be corrected if there are any observations and possible relocation of this thread. Your opinions are all welcomed.


ACRONYMS AND THEIR FULL MEANING



                                       ACRONYM                                                     MEANING

                                            BTC                                                                    Bitcoin
                                            OP                                                                     Original Post or Original Poster
                                            DYOR                                                                 Do Your Own Research
                                            DT                                                                     Default Trust
                                            ATH                                                                   All Time High
                                            ATL                                                                    All  Time Low
                                            BTD                                                                   Buy The Deep
                                            DAO                                                                  Decentralized  Autonomous  Organisation
                                            DAPP                                                                 Decentralized Application
                                            DEFI                                                                   Decentralized Finance
                                            FOMO                                                                 Fear Of Missing Out
                                            FUD                                                                    Fear Uncertain and Doubt
                                            HODL                                                                 Hold
                                            KYC                                                                   Know Your Customer
                                            NGMI                                                                 Not Gonna To Make It
                                            WAGMI                                                               We're All Gonna Make It
                                            AI                                                                      Artificial Intelligence
                                            CFNP                                                                  Close For New Participants
                                            DLT                                                                     Distributed ledger Technology
                                            AMA                                                                    Ask Me Anything
                                            ALT                                                                     Alternative Cryptocurrency
                                            2FA                                                                     Two Factor Authentication
                                            API                                                                      Application Programming Interface
                                            CMC                                                                    Coin Market Cap
                                            DDoS/DoS                                                           Distributed Denial of Service
                                            DEX                                                                     Decentralized Exchange
                                            CEX                                                                     Centralized Exchange
                                            DPoS                                                                   Delegated Proof of Stake
                                            POW                                                                    Proof of Work
                                            POA                                                                     Proof of Auhority
                                            POB                                                                     Proof of Burn
                                            POD                                                                     Proof of Developer
                                            ICO                                                                      Initial Coin Offering
                                            IDO                                                                      Initial Dex Offering
                                            IEO                                                                      Initial Exchange Offering
                                            IFO                                                                      Initial Future Offering
                                            ITO                                                                      Initial Token Offering
                                            STO                                                                     Security Token Offering
                                            SATS                                                                   Satoshis; smallest unit of bitcoin denomination
                                            mBTC                                                                  Millibitcoin
                                            uBTC                                                                   MicroBitcoin
                                            MCAP                                                                  Market Capitalization
                                            NFT                                                                     Non Fungible Token
                                            P2P                                                                     Peer-to-Peer
                                            PnD                                                                    Pump and Dump
                                            SegWit                                                               Segregated Witness (Bitcoin wallet)
                                            TxID                                                                  Transaction Identification
                                            VPN                                                                   Virtual Private Network
                                                  

Nevertheless, the above acronyms and meaning are frequently used here and there are more of these acronyms too numerous to mention but all are still useful if you will need to go further in research findings. See below a link whereby  you can be able to get to know more of these acronyms and their various meanings.
Source link



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June 07, 2023, 02:48:39 PM
 #2

You have made a great effort here dear op and it is appreciatable. Keep it up this spirit of helping others. Plus i have read all the acronyms and few of them were also new to me like , NGMI, WAGMI, AMA, PnD, well this last one PnD (Pump and Dump) i have used many time but did not write it in your way i write it like P&D. Well that's also the same thing so anyone could understand it. Plus i have seen it many times in posts that people only write these acronyms, like they should write the full form of it too, if they are going to use it frequently.

Plus you should also add another one on the list which i also use.

AFAIK --> As Far As I Know.

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June 07, 2023, 03:15:17 PM
 #3

Thanks for sharing this but I think we have plenty of threads like this in the past. You could compile their previous works and add some acronym that they are missing in that way we cant be flood by same redundant topic in forum.

You are in the right thread but its just a topic been discussed or shared many times with other forum users.

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June 07, 2023, 03:22:21 PM
Merited by hugeblack (4)
 #4

Terminology and more topics from searching.

Some sources from Coinmarketcap, Coingecko.
Crypto Glossary (Coinmarketcap)
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You mentioned two Bitcoin units which are not enough.
[Did you know] Bitcoin Table of Units

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June 07, 2023, 03:24:18 PM
Merited by hugeblack (4)
 #5

Abbreviations are very common in every place that we have. It's amazing how we make it easier to remember stuff and know that there is something that you need to know to be knowledgeable and more efficient in your posts etc.

This is one of the latest that I can find in the forum.

Crypto acronyms and their meanings for beginners (CHECK OUT) by CryptoHeadlineNews


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June 07, 2023, 04:50:38 PM
 #6

Abbreviations are very common in every place that we have. It's amazing how we make it easier to remember stuff and know that there is something that you need to know to be knowledgeable and more efficient in your posts etc.

This is one of the latest that I can find in the forum.

Crypto acronyms and their meanings for beginners (CHECK OUT) by CryptoHeadlineNews

This is nice. I had no idea about it though but anyways it is all for educating newbies to know their whereabouts on this platform so as not to look odd.
You  know most of the words are abbreviated so as to bypass the long sentences made which I believe everyone here is acquainted with.  Instead of writing a long sentence or statement one can just put in an acronym which is very understanding so that everyone one who comes across his or her post should be able to note what message the op is trying to pass across. So therefore, this thread would serve a good purpose as it is rightly located on the main thread where it is supposed to be. So I believe any newbie that comes incontact with this thread would have a lot to learn from .

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June 08, 2023, 11:49:19 AM
 #7

This is nice. I had no idea about it though but anyways it is all for educating newbies to know their whereabouts on this platform so as not to look odd.
You  know most of the words are abbreviated so as to bypass the long sentences made which I believe everyone here is acquainted with.  Instead of writing a long sentence or statement one can just put in an acronym which is very understanding so that everyone one who comes across his or her post should be able to note what message the op is trying to pass across. So therefore, this thread would serve a good purpose as it is rightly located on the main thread where it is supposed to be. So I believe any newbie that comes incontact with this thread would have a lot to learn from .
That's a great idea; at least, it will serve as a reminder since we have newcomers in the forum, and finding such threads may be difficult for some of them because some of the newbies are not even considering the pin threads in any sections they visited, and as a result, some of them may be curious to know the meaning of such acronyms.

You could have used the forum search at the bottom to see if similar topics have been posted previously so that you may refer to the thread when creating a reminder thread for newcomers who need to learn the meaning of these acronyms.

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June 08, 2023, 02:44:29 PM
 #8

This is nice. I had no idea about it though but anyways it is all for educating newbies to know their whereabouts on this platform so as not to look odd.
You  know most of the words are abbreviated so as to bypass the long sentences made which I believe everyone here is acquainted with.  Instead of writing a long sentence or statement one can just put in an acronym which is very understanding so that everyone one who comes across his or her post should be able to note what message the op is trying to pass across. So therefore, this thread would serve a good purpose as it is rightly located on the main thread where it is supposed to be. So I believe any newbie that comes incontact with this thread would have a lot to learn from .
That's a great idea; at least, it will serve as a reminder since we have newcomers in the forum, and finding such threads may be difficult for some of them because some of the newbies are not even considering the pin threads in any sections they visited, and as a result, some of them may be curious to know the meaning of such acronyms.

You could have used the forum search at the bottom to see if similar topics have been posted previously so that you may refer to the thread when creating a reminder thread for newcomers who need to learn the meaning of these acronyms.

I get your point mate.  I think that would be nice in engaging with them when they check on the acronyms table as most of them are hidden and very difficult to locate but i think i would do some search to getting them and adding the links below for the newbies curios about learning the acronyms and meaning of the words they have come across onboard this platform. Your points are alright to go by and are highly welcomed.

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June 09, 2023, 02:58:44 PM
 #9

You can add these as well because we can often see these with posts created on Bitcointalk.

FYI - For Your Information
IMO - In My Opinion

Well honestly I used to know these terms by googling it when I was newbie so now we have some threads which makes the things easier. Smiley

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