Dear Cryptocurrency Community,
I write you on behalf of all the people you want to join the Hive Community, and I ask that you speak in normal language about cryptocurrency. Years ago I joined the Chain which shall not be named, which begins with an S and ends in a T. And on that chain I got my first taste of the Tyranny of Terminology, which was now many years ago, in a place far, far away. But unfortunately this Tyranny still exists today.
As a former Newbie, who is still a student of this new technological and financial niche, I continue to be exposed to new terms, new phrases and things which need to defined, and used in context to be understood. So I beseech those of you, who write about new things, to keep in mind who your audience is, now and in the future. While I understand the tendency to teach as if speaking to the choir... the choir doesn't need to be brought to Jesus, they are already in the church. The people you are seeking to bring to Jesus are outside the church, and those people need to hear words, and sentences they can understand. No one can worship a God they don't know and understand, and the same goes for new techonology and innovations. There are many people who are Bitcurious but when they ask about Bitcoin, the people who explain it to them speaker in a language, which might as well be ancient Sanskrit, because it is unintelligible to a normal, non-cryptocurrency lingo fluent person.
For example, you measure time in terms of blocktime, you measure productivity in terms of blockspace, you measure speed in TPS (transactions per second) and speak in terms of web 1.0, web 2.0, and web 3.0 as a historical timelime with no contextual references. Then to add to new peoples complete bewilderment you speak of solutions in terms of first layer, second layer and zero layer, and throw in terms like sidechain, parallel chain forked chain, for extra confusion. Then just when a newcomer thinks they can't get more confused you speak of decentralized, distributed networks running nodes, along with determining consensus using proof of work, proof of stake, and proof of authority.
This terminology word salad creates a great product, which I called Proof of Confusion. and then a light bulb goes off in someone's head; they realize that this is overwhelmingly confusing, and they create a glossary. Wonderful, but it's a glossary where every cryptocurrency word is explained with other cryptocurrency words. This completes the circle of confusion. Then they stand back and say : "See" , as if they have cleaned the window of dirt and now you can see and understand.
But instead of transparency, the window is opaque, and the knowledge not distributed, but centralizedd in an seemingly inpenetrable wall of jargon and unfamiliar, undefined words.
So I ask, that you remember, that cryptocurrency is complicated, and the terminology is unlike any other branch of finance or technology. It literally is a new part or a new field called financial technology, which is a place few have ever gone before. So while many of us are seasoned explorers, most who follow are unseasoned and untrained settlers. Please help them survive and not be killed by the harsh and dangerous environment of cryptocurrency. Because if we let all our settlers die, there is no way for our community to grow. And cryptocurrency will always be thought of as an unfriendly, dangerous new frontier, where many people go, but few return, and many are rumored to have died.
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#hive #posh
I enjoyed the brief and funny post. Your ability to admit your difficulties with learning about cryptocurrency is liberationg for the rest of us. You know so much aboujt cryptocurrency, but your request for common language explanations is felt by many of us, and for that we thank you.
P.S.
I said this without swearing, which proved I can clean up my act.
Thank you, i am glad you share my feelings on this topic.
To me, Bitcoin and all the other Cryptocurrencies are "Commodities" which are constantly Fluctuating in Value... In my opinion, they do not make good Monetary Tools...
Bitcoin definitely fluctuates in value.
Consider however, that if you use the blockchain only to move value, such as exchange Dollars to Bitcoin, move bitcoin from point A to point B, then move from bitcoin to dollars, your not exposed to volatility, you are using the blockchain to move value and effect immediate settlement. This is useful for large sums on bitcoin and smaller sums on Lightning network.
I believe Monetary Tools need to be Stable... Could you imagine a Measuring Tape that constantly changes from moment to moment...???
Important question and valid concern.
I always differentiate between Bitcoin and bitcoin.
The infrastructure of the Bitcoin Blockchain is stable, and can be used to transfer value around the globe instantly and with immediate settlement. However, bitcoin the asset or investment has a history of volatility, which makes vald any concerns aboyt it's use as an everyday medium of exchange.
Still... Once the Transfer is made, the Value could go Up or it could go Down... I'd prefer that the Value remained the same for years to come... Monetary Tools need to be Stable, Stable, Stable...
okay, no arguement there.
I have a one track mind...lol...
This is an entertaining as usual post, with funny graphics, which help us laugh, and stop taking ourselves to seriously. Then we can agree that language that helps bridge us from where we are to where the crypto people are is very important, and frequently essential for understanding.
Thank you,
Thank you, i am glad you share my feelings on this topic.
Terminology can be a barrier but those that that go over it will feel part of the gang. For me I see it as learning, even if I need to put my brain at work and understand and deduce some things to understand the underlying mechanics.
You point is well made, learning new terminology and being able to converse in this new language does instill a sense of pride and accomplishment.
Learning new terminology is definitely part of learning, but painful.
I agree that any endeavor requires hard work. I understand why those with strong wills and large intellects love the challenge of the difficult subjects. They seek the rewards they value the most, sometimes that reward is the learning and mastery of a new subject.
Common language for complex topics helps us all get on the same page.
I agree and like the way you worded this comment.
In your usual unique manner you have shone a light on an issue near and dear to our hearts, which we didn't have the courage to discus, partially embarrassment, partly low self esteem. Thank you for speaking for some of us with no voice.
Good point.
Thank you,
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