The Simpsons Cryptocurrency Episode - "Frinkcoin"

Cryptocurrencies are getting more popular than ever. Recently Bitcoin, Litecoin and Dogecoin symbols have been spotted in The Simpsons latest episode titled "Frinkcoin".  Frinkcoin is the 675Th episode of American animated sitcom which aired on FOX Channel February 23rd 2020. The plot of the comedy evolved around the development, adoption and the demise of Frinkcoin cryptocurrency. The show brought the subject matter to a wide audience and is quite educative about blockchain. In a very funny way of course.

Watch it on Fox

Many crypto advocates highlighted the episode on Twitter in celebration. Despite Litecoin being hilariously featured in an anti-blockchain formula; Charlie Lee the creator of Litecoin, was one of the first to tweet his excitement about the mention. 




Also on Twitter, @TheSimpsons account is having fun with the audience and the crypto community by running an asset pool. "Which one would you invest in?" With FrinkCoin taking the lead agains gold, renmin…

Crypto Dictionary: The Basics according to social media

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To understand about crypto one must first know it's lingo. Cryptocurrencies and blockchain technology are a fairly new phenomenon. Because of that its language is still being developed in many ways. Only 5 words related to cryptocurrency are sited in the Oxford Dictionary, but a huge array of words old and new as well as slangs and abbreviations are used by the crypto community on a daily basis. Knowing what they mean gets us one step closer to understanding Crypto in general.

In this article I picked 10 definitions from the site decryptionary.com that I think are essencial to start.

1. 2 Factor Authentication or 2FA:  "is defined as an additional layer of security requiring information that verifies the owner, and nobody else, is accessing their account.
Whether or not you have a strong password, your accounts can still be hacked. Two Factor Authentication can be the final barrier that keeps your accounts safe from hackers."
2. 51% Attack:  "is defined as a situation where more than half of the computer power running a blockchain are controlled by one person or one group of people with evil intentions. That person or group with the majority power can manipulate transactions in his favor."
3. Altcoin: "is defined as any cryptocurrency except for Bitcoin. “Altcoin” is a combination of two words: “alternative Bitcoin” or “alternative coin”."
4. ATH: "is short for “All Time High”, and is defined as the highest value an investment has ever reached in its history."
5: Bear / Bull: "Bear market is defined as a decreasing set of prices for various types of assets. A bearish investor wants to profit from the movement of dropping prices. / Bull market is defined as a continued increase in value for any type of asset. Also known as a “bull run”."
6. Centralized / Decentralized: "Centralized describes a system or organization that is controlled by one person or group. Companies are centralized organizations./ Decentralized Autonomous Organizations also DAO describe leaderless organization supported by a network of computers. To be decentralized, it must have no central location because it is running on a network of computers. And because there is no single leader and has its own rules to follow, it is autonomous, or self-governing." 
7. Fork: "A fork or accidental fork is a split in the digital recordings, known as the blockchain."
8. Mining: "Mining is defined as the process of using computer power to solve a complex math problem, review and verify information, and create a new recording to be added to the blockchain."
9. Private key: "is defined as a string of letters and numbers known only by the owner that allows them to spend their cryptocurrency. NEVER SHARE your private key unless you want someone else to be able to take all of your money!
Your private key is very similar to your password to access your crypto. Compare a private key with a public key and address:
  • Your public key is rarely ever used, but you can use it to receive cryptocurrency.
  • Your address is a safer version of your public key and is what you should use to receive money."
10. Public key: "is defined as a string of letters and numbers that allows cryptocurrency to be received. However, public keys are not considered as safe to use as public addresses."

Overall these are 10 basic words that I picked from over 400 crypto related definitions featured by Decryptionary. In my opinion, as the industry evolve and more people dive into the technology many of this words are going to popularize and become more mainstream. 

By: Michelle Mafra
Mamãecrypto
www.mammycrypto.com
mamaecrypto.blogspot.com
Youtube: @Mamaecrypto
Twitter: @Miximports
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Publish: @mamaecrypto
SoMee.social: @mamaecrypto

Comments

Unknown said…
Super useful as a reference, and a really good starting point.

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