Difference between revisions of "What is a Roger"
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| − | == | + | == I've heard of a new coin called [[The_Holy_Roger_Coin|The Holy Roger Coin]]? == |
For more info, see here: [[The_Holy_Roger_Coin|The Holy Roger Coin]] | For more info, see here: [[The_Holy_Roger_Coin|The Holy Roger Coin]] | ||
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"Tokens" and "ICOs" by default are all "[[Rogers|Rogers]]". | "Tokens" and "ICOs" by default are all "[[Rogers|Rogers]]". | ||
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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? == | ||
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Tokens are "smart contracts" that sit within another blockchain. They are entirely dependent on the parent blockchain and should not be used as currency. | 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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== So, what is a [[Craigs|Craig]]? == | == So, what is a [[Craigs|Craig]]? == | ||
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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) | 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) | ||
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== Isn't there some crossover between "[[Rogers|Rogers]]" and "[[Craigs|Craigs]]"? == | == Isn't there some crossover between "[[Rogers|Rogers]]" and "[[Craigs|Craigs]]"? == | ||
Yes. [[Rogers:Bitcoin_Cash|BCash (BCH)]] for example, is both a "[[Rogers|Roger]]" and a "[[Craigs|Craig]]". | Yes. [[Rogers:Bitcoin_Cash|BCash (BCH)]] for example, is both a "[[Rogers|Roger]]" and a "[[Craigs|Craig]]". | ||
Revision as of 12:03, 14 June 2018
Contents
I've heard of a new coin called The Holy Roger Coin?
For more info, see here: The Holy Roger Coin
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".