Bitcoin Mints New Words

What is indispensable is an electronic remuneration system…allowing any dual peaceful parties to covenant directly with any other though a need for a devoted third party.

—Satoshi Yakamoto, contriver of Bitcoin

Is Bitcoin unfailing to turn a Facebook of money, or a Second Life? That is, will Bitcoin turn universal, a middle of sell used by usually about everyone, or will it sojourn a curiosity, a apparatus used usually by a dedicated border (in Bitcoin’s case, criminals and remoteness extremists)? As a small denunciation columnist, we haven’t a foggiest, though we can tell we that, no matter what a fate, Bitcoin is generating new difference and phrases during an inflationary rate. Is this plenitude of new terms undermining (that’s a pun, as you’ll see) Bitcoin’s query for universality?

The difficulty starts during a beginning, with a elementary act of categorization: What is Bitcoin, exactly? The chairman famous as Satoshi Yakamoto, who invented Bitcoin behind in 2008, called it electronic cash. Other terms in use are cryptocurrency, virtual currency, digital currency, digital cash, and math-based currency. (This final tenure reminds me of something



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