Difference between revisions of "What is a Roger"
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A "Craig" is a term used to describe something in the cryptocurrency world that is pretending to be something else. | A "Craig" is a term used to describe something in the cryptocurrency world that is pretending to be something else. | ||
| − | E.g. "Ripple/XRP", which 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 | + | E.g. "Ripple/XRP", which 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 14:40, 11 May 2018
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 in cryptocurrency are any cryptocurrency that has it's own standalone blockchain, ideally decentralised.
Tokens in cryptocurrency 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", which 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)