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Merriam-Webster throws shade at Ethereum

Ethereum’s native cryptocurrency ether (ETH) is an altcoin.

Don’t shoot the messenger, this comes from America’s oldest dictionary Merriam-Webster, which has just listed a number of cryptography-related terms in its latest lexicon update.

In fairness, the official definition is a bit vague, being “any of various cryptocurrencies considered as alternatives to established cryptocurrencies and in particular Bitcoin”, while also providing the following addendum attributed to the CoinDesk author Megan DeMatteo:

“Since then, thousands of new altcoins … have been created and added to the crypto ecosystem. “Altcoin” refers to any type of cryptocurrency other than Bitcoin. »

Ethereum stans (Merriam-Webster added one in 2019, meaning “an extremely or excessively enthusiastic and dedicated fan”) would disagree; they have long argued that Ethereum should not be lumped together with other altcoins, given its primacy as the largest smart contract platform by a wide margin.

They’d better avoid Investopedia as well, which currently defines altcoins as: “all cryptocurrencies other than Bitcoin (BTC)”.

Maybe Fusion will cause the flip (that legendary moment when ETH overtakes BTC as the largest cryptocurrency by market capitalization) and the dictionary will eat its words.

“Metaverse” also entered Merriam-Webster with this definition: “A persistent virtual environment that allows access and interoperability of multiple individual virtual realities.”

I’m not sure this will satiate the uninitiated, though this quote from writer Edd Gent offers some clarity:

“For its proponents, the metaverse is the natural evolution of the Internet. They envision a sprawling network of interconnected virtual worlds for activities as diverse as gaming, watching live entertainment… and collaborating on design projects.

You can also visit a rudimentary Eiffel Tower or La Sagrada Familia, but MS seems to have missed the memo.

  The image used by Mark Zuckerberg when launching Meta's Horizon Worlds metaverse was called basic by some, cursed by others - Source:

The image used by Mark Zuckerberg when launching Meta’s Horizon Worlds metaverse was called basic by some, cursed by others – Source:

Also added was “unbanked” which, while not strictly a crypto-related term, has been co-opted by the community as a badge of honor and a rallying cry against traditional finance. .

A sin “get rid ofthe corporate motto of Celsius Network, commonly seen on founder Alex Mashinsky’s t-shirts.

That was until Celsius crashed and burned and the UNbanked became insolvent, unfortunately to the detriment of dedicated individual investors.

If we stretch, terraform, which was just added, could be considered a term related to cryptography, as in: Terraform Labs just crashed the entire crypto economy.

Here are some other personal favorites that were just added:

  • Adorable informal: socially awkward or eccentric in an endearing way
  • Greenwash verb: to make (something, such as a product, policy or practice) appear to be more environmentally friendly or less damaging to the environment than it actually is
  • hoglet mainly British: a baby hedgehog
  • Yes interjection, slang: used to express surprise, approval or excited enthusiasm

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