Mommin' It Monday Episode 15 Crypto News

We are total goofballs! On this episode Lisa and I talked a good half an hour before realizing we were not live and not recording. Yep, we both have a case of Mondays, or better, a case of Mommin' It Monday. We apologize to everyone who was waiting for us and we are so glad we caught YOU half way there. We still managed to talk about few interesting topics that discussed by major crypto news publications. Below are some of the headlines we busted thru in an half an hour.1. US Lawmakers Set to Vote on Two Blockchain and Cryptocurrency Proposals by Dailyhold2. Coinbase CEO renews critique of Apple, says tech giant preventing its app from enabling DeFi access by theBlockCrypto
3. Apple forces Coinbase to change its crypto products, says CEO by Cointelegraph
4. The IRS offers a $625,000 bounty to anyone who can break Monero and Lightning by Cointelegraph
And more! It is a packed 30 minutes.
Hope you get a chance to watch and catch up with some of the latest crypto news topics. I feel like…

Cryptionary: The Crypto Basics According to Oxford Dictionary


It is very easy to find crypto related words and definitions on Wikipedia. However any definition is only completely accepted worldwide, by major institutions, once it has been added as a word to the Oxford Dictionary. So I gathered some few simple crypto words that only exists today because of Bitcoin. Definitions that have already been added to the Oxford dictionary and that will probably be recorded in history. This article was originally written in October 2019 but often being updated with few added words, so please check it out the most recent update.


1. Cryptocurrency: A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
EX: ‘decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation’
Origin: Early 21st century from crypto- + currency.

2. Bitcoin:  A type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.

EX: ' if you want to buy something using bitcoin you need to make sure the seller accepts the cryptocurrency’


3. Blockchain: A system in which a record of transactions made in bitcoin or another cryptocurrency are maintained across several computers that are linked in a peer-to-peer network.
‘we can actually have a look at the blockchain and see evidence of what's going on’

4. Cryptography: The art of writing or solving codes. 

5. Satoshi: “A satoshi is the smallest monetary unit in the Bitcoin cryptocurrency, and is named after Satoshi Nakamoto, the—probably pseudonymous—developer(s) of Bitcoin.”

6. Stablecoin: Any cryptocurrency designed to have a relatively stable price, typically through being pegged to a commodity or currency or having its supply regulated by an algorithm.

7. Decentralized : (This word was coined before the existence of Bitcoin but one of the main characteristics of Bitcoin, so I felt it needed to be included) - (of an activity or organization) controlled by several local offices or authorities rather than one single one.

8. Decentalization: (This word was coined before the existence of Bitcoin but one of the words that embodies the Bitcoin Movement so I felt it needed to be included) The transfer of control of an activity or organization to several local offices or authorities rather than one single one.
‘efforts to promote decentralization and reform of the national political party’

And for now that is as far Oxford dictionary goes when it comes to Cryptocurrencies and blockchain technology. They fail to mention the definition of Litecoin, Ethereum or the word alt-coin. So I did not even attempt to go much further as those two seam to be the most popular ones in the market today. On another note I did find the meaning for computing Fork which I thought was quite nice: Split (a process) into two or more independent process. Hope one day they get to distinguish between a soft and a hard fork.

One of these days I will make sure to add  more popular definitions that we often use when talking about crypto in the real world. There are certainly many words, terms and slangs that are now part of the crypto and blockchain popular culture.

Feel free to dig into the only resource I used:    It will make you smarter instantly. Just kidding, read some!

*Actual Oxford Dictionary definitions are in Italic

All my best,

Michelle M

www.mammycrypto.com

Online Crypto Swag Store

Lbry Channel English: @Mammycrypto

Lbry Canal Português: @MamãeCrypto


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Disclaimer

My opinions are simply my opinions and not investment advice. I strongly recommend everyone in the crypto realm to do their own research and get very educated about risks and security before acquiring, earning or investing. The content in this blog/ website is not investment advice. Please note that this web site also features sponsored content.

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