Questions concerning terminology, jargon, abbreviations, acronyms and phrases that are essential to the cryptocurrency community.

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-1
votes
2answers
17 views

Donation wallet address

I read that wallet/account is not the same as bitcoin address. The address can be used only for single transaction. How do you receive donations on your address? Are wallet addresses unique for the ...
1
vote
1answer
92 views

What is a “mike”?

The MultiBit website mentions Bitcoin amounts being showns as "mikes": Everybody has a different way of wanting to display their balances and this is especially true when dealing with different ...
3
votes
1answer
91 views

Are There Abbreviations/Acronyms/Codes for Cryptocurrency Exchanges?

I wonder if there are any abbreviations/acronyms/codes for exchanges like Cryptsy, Kraken, and Ccex. Similar to abbreviations as seen for coins in Bitcoin = BTC and Litecoin = LTC.
2
votes
1answer
199 views

Who are Alice and Bob?

Simply: Who are Alice and Bob, and why are they mentioned in every Bitcoin-related article I read about that talks about Bitcoin transactions? What is the history or mystery of these two?
7
votes
2answers
761 views

Plain text for the Bitcoin symbol

It seems that the most widely used symbol for Bitcoin is a B with two vertical lines through it1. It makes sense, as a single letter with a line or two through it is common for many currencies. Is ...
4
votes
1answer
354 views

What's the difference between a bitcoin client and wallet?

I would like to know what is the difference between a client and wallet.
2
votes
4answers
574 views

Is Bitcoin deflationary and inflationary at the same time?

I was wondering as Bitcoin is represented in the public and media as a deflationary currency (for more adept media as payment protocol). Is it really deflationary? Deflation is described on Wikipedia ...
1
vote
1answer
672 views

Naming convention: MilliBit or Millibitcoins (mBTC), microbitcoin or Mikrobitcoins (╬╝BTC)?

I heard about many use: Bitcents, Bitmills (or Bitmilles) 1.02 - One bitcoin and two bitcents 0.001 - One millibitcoin (nickname "one Millie") 0.000001 - One microbitcoin (nickname "one Mike") ...
1
vote
1answer
96 views

Is the word “coin” a proper bitcoin term?

I have noticed that some people speak of "coins". As far as I can tell, by "coin" they mean a transaction output. Is this a correct understanding? Is it helpful to use the word "coin"?
4
votes
1answer
526 views

What is “Midas”?

I've recently noticed the term "midas" creep up in crypto currency related conversations, in phrases like "might implement midas". Can anybody enlighten me on what this is, preferably with links. ...
0
votes
3answers
1k views

What does “ASIC” mean?

I stumbled on the terms "ASIC" and " ASIC Miner", what do they mean? Is this something related to special hardware?
10
votes
2answers
3k views

What is meant by Bitcoin dust?

I've seen the term "dust" used to describe small transactions that might be considered as spam by the Bitcoin network. Is there is a generally accepted definition of this term?
9
votes
4answers
65k views

What is the difference between kH/s, MH/s, and GH/s?

I started mining on a friend's computer and it shows 300 kH/s. But when I research other peoples' hash rates I usually see MH/s. Are these speeds the same as kilobytes and megabytes? Also, when I say ...
1
vote
1answer
315 views

What does it mean that fork is required? [duplicate]

In bitcoin related discussions people often say that something may require a "hard fork". What do they mean? What is a fork?
6
votes
1answer
132 views

What is the correct term for bitcoin market cap?

Market capitalization is a term that is usually used to refer to the total value of the shares of a company. Given that bitcoin is not a company, is there a better term than market cap that we should ...
23
votes
1answer
7k views

What are colored coins?

What exactly are colored coins? I've tried understanding, but I don't quite get it yet . . . Do any examples exist?
8
votes
3answers
201 views

What is the preferred way to denote orders of magnitude in BTC?

If I have 36,235.97 BTC, would I shorten that by writing that I have 36.2k BTC or would I write 36.2 kBTC? It seems that latter is proper for SI units, while the former is used more often for money, ...
15
votes
4answers
1k views

Is Bitcoin a currency?

This question seems to be asked every now and then when legal status of Bitcoin is discussed - Is Bitcoin a currency? What are the characteristics that would make it a currency, and what makes it ...
2
votes
2answers
3k views

What does PPS mean/stand for?

On many mining pools/bonds I see things listed as 105% PPS / 110% PPS weekly payout. What does PPS actually mean?
6
votes
1answer
477 views

What does BIP mean?

There is a lot of reference to BIP 16, 17 and the likes. What does BIP actually stand for? I'm unsure if this is a programming reference or a Bitcoin specific reference; either way I'm stumped.
3
votes
1answer
229 views

Bitcoin Dictionary

Is there a website that aggregates all technical and jargon terms used by the Bitcoin community? In other words, is there some compact reference guide that could serve as a "Bitcoin Dictionary"?
6
votes
2answers
1k views

What are Tonal Bitcoins?

What are Tonal Bitcoins? In what application is this system of notation superior to the decimal notation? Are there any clients or other services supporting the tonal system?
3
votes
2answers
59 views

Where should one suggest new terminology?

What is the proper place to suggest Bitcoin-related terminology that one believes should be used by the community? For example, when one wants to standardise some terms people use to describe ...
10
votes
4answers
358 views

What is the collective name for Bitcoin, Namecoin, etc?

Is there some standard term to describe all Bitcoin-like internet currencies, like Solidcoin, Namecoin and so forth? Like "currency" is to dollar, euro, yen, etc?
11
votes
2answers
534 views

Bitcoin grammar

Should "bitcoin" be used as a countable noun admitting a singular and a plural (so that one says "600 bitcoins are in this wallet") or as a mass noun, (like "water" or "money") (so that one says "How ...
17
votes
3answers
649 views

What is the difference between BitCoin, Bitcoin, and bitcoin?

I've seen several capitalizations of the term "bitcoin". What do all these mean?
23
votes
2answers
5k views

What are bitcoin “confirmations”?

When I receive bitcoins I see a certain number of "confirmations" in the client. What do these mean? Why do most sites make me wait for 6 "confirmations" before a purchase will go through?