Correct. JPM Coin and its near-twin the Petro lack the predominant source of value that distinguishes cryptocurrencies from bank money: trust minimization.https://twitter.com/techieappy/status/1096138232188882944 …
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But then bitcoin isn’t the first cryptocurrency
Why not? It was the first thing that was called a cryptocurrency, and it was radically different, including wrt said trust minimization, than any implemented protocol that had preceded it.
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Well it would be much simpler in my mind if we did say bitcoin is the first cryptocurrency. So, I’d be for that
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I thought it’s predecessors were also referred to by that term?
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That’s just my ignorance on the history
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It’s a bit confusing because the cryptography is needed for the key generation and data structure but has nothing to do with the central innovation of PoW. Almost seems like PoW-currency would be a better term to differentiate
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True enough. Also people in the cryptography biz are pissed that "crypto" now more often refers to "cryptocurrency" than to "cryptography".
End of conversation
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