Charlie Shrems Crypto Slang Glossary - Let's Create a Steem Glossary! Paying $1 SBD Per Entry

in steem •  8 years ago 

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Over the years I compiled a list of slang words to help my friends and family navigate the crypto and internet forums. This list was started around Bitcoin but expanded to apply to Altcoins and general internet related definitions

There are many Bitcoin and Altcoin Glossaries but they don't include many of the slang words we use.

Let's expand this to Steem and create a Steem Glossary for new users. I've already started compiling a list of words and phrases

I will pay a bounty of $1 SBD to every entry. Post your entry and definition below and I will compile, edit, and add to the spreadsheet. After this post is paid out, the SBD for all entries will be paid out and you will get credit for helping to put it together, users can post more than 1 entry!

Here is my Crypto Slang Dictionary: https://docs.google.com/spreadsheets/d/1ZJxWZPGtjjjNnkklusXGrEjdxmBkb6uqsdQ3u1KbVS4/edit?usp=sharing

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  ·  8 years ago (edited)

I found this one on the Urban Dictionary:

Paycoined

Past participle of verb, past tense of verb. To be conned; to be taken advantage of; to have the wool pulled over ones eyes; to be treated as a naive fool; to have believed something that is false; to be struck with adversity.

Synonyms: Munsoned, Deceived, Skinned, Scammed, GAWed, Screwed, Bamboozled, Garza'd, Bilked, Hoodwinked, Cheated, Fooled, Swindled, Fucked, Joshed, Jacked, Hosed, Hoaxed, Hornswaggled, Burned, Defrauded, Boned, Clowned, Homeroed, Tricked, Mislead, Duped, Double-Crossed, Ripped Off, Welched, Chumped, MtGoxed, Muggled, Stranded, Marooned.

  1. Bill was Paycoined into buying a junker by a slimy used car salesman.
  2. Jack thought he had the world by the tail, until he found out he had been Paycoined into putting his life savings into a Ponzi scheme.
  3. Josh lived a lavish lifestyle with money he Paycoined from investors.
  4. Dude, I got fucking Paycoined out in the middle of BFE when I ran out of gas last night.
  ·  8 years ago (edited)

From my earlier post :)

#steemchain : The food chain that you can trust.

#steemout: ... the middlemen and maintain value for money by selling direct.

steemaddict : You know who you are....

steempreneur : You. The serial game-theoretic strategist taking on financial risks in the hope of more steem.

steemrace : That rat race to reach the top of trending page.

steembazaar : That ultimate craigslist like marketplace we dream of

steemsleep : Refers to a poly-phasic sleeping pattern of an (human) steemaddict. Time is a precoius commodity in the steemchain; so is staying awake.

steemresume : Summary of your experience and skills; at least more-than 10 pages or a load of content.
steemwala: Seamless transfer of value between you and the rest of the world;

steemlife : The life circa may-july 2016.

Steemulans --> "stimulated" users who are bullish about steemit.com and idea behind :

https://steemit.com/steemulans/@cass/tell-us-your-story-at-steemit-are-u-a-fellow-steemulan-why


steemcleaners – active users who are fighting against Plagiarism and abuse on steem

IIRC = if i remeber correctly
AFAIK = as far as i know
KISS = keep it simple & stupid
SWOT = Strengths, Weaknesses, Opportunities, Threads

SBD:


Silent But Deadly

A creeper, a floating air bisquit. A fart that can not be heard but can sure as hell be smelt.
source

mrron: a unverified puppet shill account using mostly auto-generated content that gets upvoted by whales until it is found out and replaced by a newer one

Or it could misgivings

Wang = the very first bot on Steemit, who started to get a bit sentinent because in addition to upvoting introduction posts, he used to post a helpful comment with a list of faq links. Lots of delighted noobs tried to have a conversation with him!

Very true, don't forget to mention that this bot earned more than $1 000 000 in curation rewards ;)

Whale-bot = whales voting automatically using bots

2FA: Two factor authentication
MFA: Multi-factor authentication

bagholder: person who buys a cryptocoin while the price is high and refuses to sell on the way down, he ends up never selling the coins and "bagholding" them forever!

Trollbox: An online chatroom for crypto traders

Whale: A person who has 1000+ MV
Orca: A person who has 100 - 1000 MV
Dolphin: A person who has 10 - 100 MV
Minnow: A person who has 0 - 10 MV

Shark: Person who has between a whale and Orca and only follows trending content to downvote.

rekt- to lose your ass on a trade. termed used on steemit.com to identify a flagged post that results in zero rewards.

FOMO (Fear Of Missing Out) My biggest nemesis early on.

STMB: Steemit To Me Baby!

IYBITWC: If You Blog It They Will Come.

GMATSYGBISYPP: Give Me All The Steem You Have Before I Shoot You Pretty Please

DBS: Dragon Ball Steem

TaT - posts by well-endowed attractive females in exotic locales that get a lot of upvotes.

Shitcoin = Anything except Bitcoin in the eyes of Bitcoin maximalists

BTD = Buy The Dip

Devils Breath = Someone who trades on bitfinex.

Great idea for a post charlie, this will probably turn out to be a massive thread - I'll check back later and see if there's any obscure ones left still :P

  ·  8 years ago (edited)

Bernupvote

- when bern votes your content

smoothupvote

- when smooth upvotes your content

freesteemingit

- posting out of your regular content

Shark

-Person who has between a whale and Orca and only follows trending content to downvote.

Shark

- New comer killing it with his content and growing his steempower fast. - I like this one better.

More than 4 you'll be sore

:) Post more than 4 posts you lose value on other content.

steemcircle

- group of people with high SP voting for same people over and over and over again.

steemlottlo

- steemits own SBD lotto

feel the shrem

- free SBD bounties.

steemphotocontest

- photo contest

I like the positive one for shark. Suits the usual slang term for shark. You sharkin' you get a come-up

Fiat - what we are replacing
Banks - where fiat is "kept"
Hodling - Long term crypto-holders, often too afraid to sell on rallies
Panic Sell/Buy - What Gabe Sukenik does instead of having a real trading plan

...ok that's a start.

BTC2SBD = Bitcoin to SBD

How about this
SFP = Steemit from prison

Trash Cash = Money issued by a central bank.

Mentioned here at 0:36:

Hundo P: Use this response when you 100% agree with a statement. One-hundred percent = Hundo P. Only use it when you are positive about something.

"Do you think you're going to go to the party tonight?"
"Hundo p — let's split an Uber."

Satoshi : the smallest possible fraction of cryptocurrency available for transactions. It refers to 0.00000001 Bitcoin

steemjs =
Lightweight JavaScript library to communicate with steemd

Excellent suggestion. Yes, this will be helpful as a lot of terms are related to crypto currency and blockchain technology.
Thanks for the initiative.

@steempowerwhale 🐳
🌞 upvoting your lifetime dreams!

SØ => new popular abbreviation of Steem Øn! 8]

I don't know if these are already done, but here's a few:
Troll = someone who annoys or harasses people just for fun
FUD = fear, uncertanty, doubt
RTFM = Read The Effing Manual
:) = smiley face
ty = thank you
Meme = a reoccurring theme or expression
Fiat = what silly muggles invest in
srsly = sersiously?
wut = what?!?!
noob/newbie = a new person who doesn't yet understand everything

ty :)

TA = Technical Analysis
@ all = Never, Never Ever, No No No! Do not use atall!
FingerWag = Shame on you. Perhaps for using atall.
JKJK = Just Kidding x2
Max = Maximum, as in: Maybe you should have set up a maximum number of entries, hehe
Politics = See FUD
Step 1: Stuff / Step 2: ... / Step 3: Profit! = South Park Meme from the episode: "Underpants Gnomes"
GPU Miner = The next way to mine steem, after CPU mining.
VPS Mining = CPU mining steem on an internet server
YT = Youtube, the place where all the videos come from

Faucet : The sites that offer free digital currency are called “faucets.”

Escrow: Is the act of having a third party store the funds for a transaction in a temporary account until the details of the transaction can be acknowledged and approved by the two people involved.

Junk = The post that is flagged by plenty

P2P = Peer to peer

BTC = Bitcoin

This post has been linked to from another place on Steem.

About linkback bot
Please upvote if you like the bot and want to support its development.

This may not be what you are looking for but for me a big payout equals a payload to me.

bounty is good things that are given or provided freely and in large amounts

Mining is the process of adding transaction records to Bitcoin's public ledger of past transactions. This ledger of past transactions is called the block chain as it is a chain of blocks. The block chain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Hodling/Hodler- crypto version derived from holding in now famous bitcointalk topic. Often mistaken for a typo among people new to crypto

ShitFinex - What Bitfinex has become

ShitFinex'd - What trades on bitfinex got

Piston: A command line tool that allows to interact with STEEM network.
Steem wallet: an application that allows to manage your STEEM currency.
DPOW = Delegated Proof of Work : A consensus mechanism used by STEEM to create new blocks in the blockchain.
Witness: A trusted member of the community, expected to run a block-producing Steem node running 24/7.

Seed-Node: A STEEM db server that provides the blockchain database to syncing clients.

Altcoin: A cryptocurrency alternative to BitCoin (e.g. STEEM).

HODL - When A Drunk Guy Tries To Spell Hold

Blockchain consensus: Agreement on which blocks to include in the block chain.

  ·  8 years ago (edited)
  • SP : Steem Power - is an access token that grants its holders exclusive powers within the Steem platform.
  • SMD : Steem Dollars - Dollar equivalent of Steem
  • Steemers : Steem community followers
  • Steemapp : Applications created specifically for Steem
  • Reputation : Credibility of an individual on the Steemit community
  • NSFW :  Not Safe For Work (“NSFW”)  - Adult oriented contents

I thought we were called Steemians? What's the official one now?

ASIC mining: blockchain mining using application‐specific integrated circuits ( chips that were designed, built, and optimized for the sole purpose of mining cryptocurrency). STEEM can be only mined using CPU.

Distributed consensus : algorithm that allows having n computer nodes that each have an input value, have an agreement on the value between honest nodes. The value must have been generated by an honest (witness) node.

Flash: A term for decentralized monetary values.
e.g. - The flash is heavy on @charlieshrem posts; Thanks for the flash; Flash forwarding for the rockstar post; Whales Steem flash the minnows...

Water: Liquid STEEM

STEEM transaction: New post, new comment, upvote, transferring STEEM, powering down, signed and sent to the blockchain for verification.

Stealing STEEM: ​moving steem belonging to another user to an address he/she doesn’t control.

Double‐spend attack/Double-spend pattern: trying to pay with the same crypto coins and invalidate one of the transactions.

Demurrage : This is a charge levied against the accounts of investors who don't use their digital currency for transactions, but just leave it sitting as a long-term investment. This is used as a way to keep currency in circulation, and to prevent hoarding.

A Reeking Steemer;
1. a post that's just really shitty; usually comes in the form of one giant paragraph with no photos, and at its worst consists of redigested content from the foulest corner of the internet. Reeking Steemers always keep regular and are just an unpleasant reality of SteemLife we all have to accept.

2. occasional usage; a derogatory term for a user who continuously posts Reeking Steemers in a state of denial

SteemLife; the ecosystem and 'circle of life' that develops organically on the platform; it is an eery microcosm of human nature --for better or worse.

Steemconomy; simply defined as the economic system of Steemit.

STEEM mining reward: 1% of STEEM Market Capitalization per Year. 90% of the mining rewards is split among the top 19 witnesses voted on via proof of work.

STEEM delayed node: a STEEM node that provides us with a delayed and several times confirmed and verified blockchain.

2YEBHC = 2 Years Enforced Bag-Holder Coin 😂

STEEM full node: a PC running steemd and responsible for maintaining the database of blockchain state, and producing blocks, can be a candidate for witness.

STEEM Escrow transactions (this is new in 0.14.0). Imagine Charlie and Bob want to do business with each other. Charlie wants to pay Bob in STEEM to send some physical goods to Charlie. Charlie doesn’t want
to pay until after he’s received the goods and Bob doesn’t want to send the goods until after he has been paid. They can initiate a Escrow payment with an expiration time. If everything goes ok, money is transferred. If someone tries to cheat, there is an third party agent which has an authority to resolve disputes. Escrow payments have a fee that goes to the agent regardless of the dispute. (I hope my broke English is fine here, feel free to correct ;)

candlestick chart: a popular chart that shows price action in the form of candlesticks.

  ·  8 years ago (edited)

Bear Trap : Trading term where price breaks out to the downside, making bears think it is about to go in their favor bigly, only to have the price reverse and breakout to the upside leaving a lot of new bear positions trapped in the move.

Powering UP: A process of converting STEEM to STEEM POWER.

Powering DOWN: A process of converting STEEM POWER to STEEM. Takes 2 years or 104 weeks. STEEM power is converted every week in 104 equal parts to STEEM. STEEM can be then further converted to STEEM dollars or transferred to cryptoexchanges.

Size of STEEM network: a number of nodes running STEEM blockchain full node at a given time.

Size of the STEEM blockchain: the number of blocks in the STEEM blockchain db. Currently ~400k blocks if I remebember correctly.

STEEM transaction fee: Amount of cryptocurrency paid for a transaction (post, upvote, transferring money etc.). Equals to ZERO in STEEM blockchain.

Steemian: A person who uses Steemit on a daily basis

STEEM debug node: A STEEM node that starts with the live blockchain, then simulates future hypothetical actions. Used for development purposes.

STEEM API: a set of STEEM related methods accessible over Websocket / HTTP.

Replay STEEM db: Reindex STEEM blockchain database to verify its integrity.

"Steemmhammered"
When the price of Steem drops a gazillion points and just keeps on falling...

Resync STEEM db: Wipe and download new copy of STEEM blockchain database .

STEEM addict/STEEMIAN: a person checking new steemit posts on a daily basis.

STEEM Daemon: a STEEM application running in the background on the STEEM nodes.

STEEM data directory: a directory (folder) where the STEEM database is stored.

STEEM NodeRPC: STEEM application running on a TCP port (usually 8090) waiting for Remote Procedure Calls to the STEEM daemon.

FUD = Fear, uncertainty, doubt

Cryptocurrency Pump-And-Dump: A few people buying big amounts of a cryptocurrency, usually during its early stages and selling them later to the crowd. Buying spree produces price jumps, the order book is shallow, there are few sell orders up to a certain price level. Buyers start encouraging 'the street' a.k.a. normal people to buy more as the price rises and they are selling small amounts during that stage to find price equilibrium. Then they sell A LOT causing a sell panic causing people to sell at lower prices than they bought and buying from them again at a lowest point. The same works for any stock exchanges, especially pink (microcap) stocks... @charlieshrem I guess this is all from me today.

could definitely use this. Thanks brother.

Hash Rate : the speed at which complex mathematical calculations are performed in the mining of cryptocurrency data blocks

Noob : is someone new to the platform or system. It is also sometimes expressed as “newb” or “newbie.”

STEEMSTER- a mix of hipster and STEEMIT participant

stermite...> ceaselessly toils away gaining no reward for his efforts

WANG = act of being the first to comment on a post, while seeking advantage in comment reward.

How about applying the same concept on editing people's work? Especially the academic ones, about Steem, Philosophy, Economy etc.

  ·  8 years ago (edited)

CoinJoin. A new-user-friendly way to describe it might be:

The practice of combining parts of transactions with peers, so that they are harder to distinguish.

And hey while you're doing this: Is it "steemer" / "steemian" / "steemite"? What do you call someone on Steem?

Steemdrive - a global Steem community crowdfunded marketing campaign, making use of billboards and other advertising mediums to drive the growth of the Steem Blockchain community.

Steemdriver - An active user who drives the growth of the Steem blockchain community by supporting or taking part in marketing efforts to promote the community.

Tradegy - the tragedy and financial loss suffered from having the market go against you in a trade.

Shrem-Shekel - A proposed Bitshares market pegged asset (MPA) that Charlie should create and dish out to post respondents.

Dibs on the first one issued! :)

Proof-of-generation (POG). For SolarCoin, coins are mined by giving the coins out from the generator pre-mine to solar energy producers in the world at 1MWh = 1SolarCoin, hence the term POG. Documentation and data-loggers are the tools to confirm that POG is legitimate.

cli_wallet (or CLI Wallet): wallet which can be installed on computer as executable file that brings up the command prompt and allows you to control/view your steem accounts after you have connected them to the wallet.

steemd:

  1. Can refer to steemd.com, which is website (blockchain explorer) that provides detailed information on mining , accounts, transactions, payouts etc...
  2. The Steem full node, maintains blockchain and used for mining

Steem Key/Password : May refer to one of multiple keys/passwords that are used to login to a Steemit account. Each key has a different level of control of the account. (Please credit @pfunk; his guide https://steemit.com/steemit-guides/@pfunk/a-user-s-guide-to-the-different-steem-keys-or-passwords)
Posting key: allows you to perform blogging related activity like posting and voting.
Active key: allows you to manage the "money" on the account i.e. transfer steem, sell, deposit
Owner key: Can do everything except what the memo key does
Memo key: Governs private messaging
Master key: First key you make, can do everything other keys can do.

Below is a description of the three different Steemit assets as described by @sigmajin: https://steemit.com/interest/@sigmajin/understanding-the-steem-economic-system-vests-sbd-steem-dilution-interest-and-all-those-crazy-things
Steem: equivalent to cash. Can be traded on exchanges, used to buy SBD, used to power up. As of writing, the projected inflation is %100 a year, so primarily used for short term speculation and transactions.
Vests: Equivalent to equities/stocks. Represents investment in Steemit; gives you a claim on the total amount of Steem.
Steem Power (SP): Equivalent to Vests. Shows how much Steem it would take to purchase all your Vests. This is the common/easy way of looking at vests, and is the one used in the steemit wallet. More Steem Power gives you more voting power and influence on Steemit content.
Steem Based Dollar (SBD): Equivalent to a bond/IOU. This is effectively money that people have invested in Steemit, that Steemit is promising to payback. The conversion is roughly 1 SBD=$1 (variations due to fluctuations in the market).
Power Up: When you convert your Steem into Steem Power (Vests). You are effectively buying stock in Steemit. You are investing for the long haul.
Power Down: When you convert Steem Power into Steem. Can only be done at a rate of %1 of Steem Power per week. (i.e. it would take 2 years for you to sell it all).
Steem Tokens: Refers to Steem, Steem Power, and Steem Based Dollars

Voting Power: How much influence you have on final payout when voting (more voting power means you will add more money to the final payout when you vote). Increases with more Steem Power. Temporarily decreases the more you vote in a short time period (to prevent upvote spamming).

steemimg: An image repository which will host your images so that you can link to them in your blog posts. Steemit friendly.

SBD - not Steem Backed Dollar?

Yes you are correct.
I apologize for the mistake.
Steem Backed Dollars is the correct reference.
Thanks you

#thegreencandle - The project that wants to create one big green candle on the weekly charts for STEEM!

Whalebotted: The user has been placed on autovote lists from whales that ensures every post will earn spectacular rewards, regardless of the merits of any individual post.

  • seaweed : the place where the minnows can be found.

"I'm Trying to get out of the seaweed and be noticed by a whale"

  ·  8 years ago (edited)

cryptonoob - someone who knows nothing about cryptocurrencies yet is dabbling in them.

techno-libertarian - a person advocating liberty in use of technology even for victimless crimes, but not for violent/physical crimes.

pseudonymous currency - if you reveal your address, you lose your anonymity and become fully traceable on the blockchain

Curator reward : the reward for upvoting new content that ends up being popular.

Curation BOT: An application that tries to automatically upvote new content that may become popular.

Voting power: influence on the earnings of posts or comments. The more Steem Power you have, the greater your influence. Voting power needs to recharge if you upvote too much content.