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It seems inevitable that "bitcoin" (as opposed to "Bitcoin") is destined to become the "kleenex" (as opposed to "Kleenex") of crypto. Etherium fits the bill: i
by jachee 6y ago
It seems inevitable that "bitcoin" (as opposed to "Bitcoin") is destined to become the "kleenex" (as opposed to "Kleenex") of crypto.
Etherium fits the bill: it's a digital (bit) currency (coin).
- CydeWeys 6y agoThere's already a generic word: crypto/virtual currency. But Bitcoin itself isn't mined with GPUs. You can blame other cryptos for that shortage.
- jachee 6y agoThere's a generic word for facial tissues, too. Language doesn't care about the semantics.
- deevolution 6y agoI've never heard of other crypto currencies referred to as Bitcoin by anyone other than noobs. It's like calling the Mexican Peso a Dollar. The semantics are important - i.e. for doing something like currency conversions.
- jachee 6y agoThat's exactly my point. The "noobs" will always outnumber the knowledgeable in-crowd. They are the ones who will—ahem—coin the generic term.
- CydeWeys 6y agoAre we noobs here or is this a tech forum where people might reasonably be expected to know the difference between Bitcoin and Ethereum? I'd argue it's the latter. You can't say that Bitcoin is responsible in a discussion about GPU shortages. It's flat-out wrong and obfuscates the actual problem. It's Ethereum that's mostly responsible for said shortage, and seeing as how Ethereum is moving to proof of stake soon that problem might be alleviated. Bitcoin uses all custom hardware for mining and is not affecting the GPU shortage. The problem with Bitcoin mining is power consumption, not chip contention.
- jachee 6y agoI was making a parallel point about language. Your "well aaaackshually" derailed it.
- imtringued 6y agoThe generic word for non Bitcoin crypto is alt(ernative)coin. People are mining altcoins with GPUs.
- jachee 6y agoNope. That's still an in-context word. The generic word will be whatever John Q. Public with zero knowledge or care calls it.
- Ekaros 6y agoThat will be actually fun. Make a company invest in some random crypto coins, presents movements. Just call all of them bitcoin... Argue that at this point it is generic name... Skim your fees from top.