Difference between revisions of "What is a Roger"
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== Okay, so what is the difference between a token and a coin? == | == Okay, so what is the difference between a token and a coin? == | ||
| − | Coins | + | Coins are any cryptocurrency that have their own blockchain, ideally a decentralised one. |
| − | Tokens | + | Tokens are "smart contracts" that sit within another blockchain. They are entirely dependent on the parent blockchain and should not be used as currency. |
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A "[[Craigs|Craig]]" is a term used to describe something in the cryptocurrency world that is pretending to be something else. | A "[[Craigs|Craig]]" is a term used to describe something in the cryptocurrency world that is pretending to be something else. | ||
| − | E.g. "[[Craigs:Ripple|Ripple (XRP)]]" | + | E.g. "[[Craigs:Ripple|Ripple (XRP)]]" is pretending to be a cryptocurrency. But is in fact just a private blockchain entirely managed by one entity. (Imagine it as an SQL database that has weaselled it's way onto exchanges) |
Revision as of 13:56, 19 May 2018
Contents
So, what is a Roger?
A "Roger" is a term used to define any scam, dubious or pump & dump coin (cryptocurrency).
"Tokens" and "ICOs" by default are all "Rogers".
Okay, so what is the difference between a token and a coin?
Coins are any cryptocurrency that have their own blockchain, ideally a decentralised one.
Tokens are "smart contracts" that sit within another blockchain. They are entirely dependent on the parent blockchain and should not be used as currency.
So, what is a Craig?
A "Craig" is a term used to describe something in the cryptocurrency world that is pretending to be something else.
E.g. "Ripple (XRP)" is pretending to be a cryptocurrency. But is in fact just a private blockchain entirely managed by one entity. (Imagine it as an SQL database that has weaselled it's way onto exchanges)
Isn't there some crossover between "Rogers" and "Craigs"?
Yes. BCash (BCH) for example, is both a "Roger" and a "Craig".