REALjasonansley on Nostr: You seem new around these parts so I’ll help ya out. Is Bitcoin “crypto”, ...
You seem new around these parts so I’ll help ya out.
Is Bitcoin “crypto”, arguably “yes”.
Is crypto “Bitcoin”, provably “no”.
It may seem like semantics, and while there are similarities, the main differences are proof of work, the ethos and culture that’s behind Bitcoin (meaning that many of its proponents and thus those on Nostr embody), and the decentralized nature of Bitcoin compared to “crypto”.
While there are some utility tokens which are trying to appear and structure themselves as sufficiently decentralized; there is only one Bitcoin.
The hardcore on here will tell you “study harder”.
They can be a little rough around the edges but it’s for your growth and the community’s protection.
I’m not going to directly tell you that. I will encourage you to read The Bitcoin Standard by saifedean (npub1gdu…6nak) if you haven’t and take a gander at https://mises.org/
If you are into Podcast there are a lot of them out there. I’d recommend starting with Robert Breedlove’s The What Is Money Show, then expanding to The Bitcoin Standard Podcast and Bitcoin Audible podcast.
Is Bitcoin “crypto”, arguably “yes”.
Is crypto “Bitcoin”, provably “no”.
It may seem like semantics, and while there are similarities, the main differences are proof of work, the ethos and culture that’s behind Bitcoin (meaning that many of its proponents and thus those on Nostr embody), and the decentralized nature of Bitcoin compared to “crypto”.
While there are some utility tokens which are trying to appear and structure themselves as sufficiently decentralized; there is only one Bitcoin.
The hardcore on here will tell you “study harder”.
They can be a little rough around the edges but it’s for your growth and the community’s protection.
I’m not going to directly tell you that. I will encourage you to read The Bitcoin Standard by saifedean (npub1gdu…6nak) if you haven’t and take a gander at https://mises.org/
If you are into Podcast there are a lot of them out there. I’d recommend starting with Robert Breedlove’s The What Is Money Show, then expanding to The Bitcoin Standard Podcast and Bitcoin Audible podcast.