Would like to make a list of definitions we use in our unique hobby
for both new people and seasoned collectors alike.
And what better place than ask the most seasoned and knowledgeable
people in the Physical Bitcoin Cryptoverse than here?
That being said...I have listed some definitions down below that
some will agree with and I know others will not. These are my opinions
and thus would like everyone's input as I know there will be lots of disagreements.
So I welcome everyone 's feedback as it is important not just for
myself...but for everyone else.
I will only be referring to Bitcoin coins or tokens.
Unloaded...Loadable and no crypto ever loaded onto paper wallet under hologram.
Loaded...Has digital Bitcoin loaded inside paper wallet under hologram.
Peeled coin....Security hologram removed and coin swept from paper wallet...thus private
key exposed. This will essentially transform the Physical Bitcoin coin into
a Bitcoin token.
Breached or possibly breached -
[REFERENCE] Breached or Scam coin makers list Token...symbolic of the item they represent.
Custom value is obvious to us as synonymous with buyer funded
Coin a flat, typically round piece of metal with an official stamp, used as money, in our case digital money.
Bitcoin token ...symbolic of bitcoin only..no digital value loaded. A
token that cannot be loaded with bitcoin or is unloaded...but has a bitcoin symbol on its
face..not loadable or unloaded.
Physical Bitcoin coin: A coin representing Bitcoin with a paper wallet or any other device loaded with digital Bitcoin in it.
This usually in most cases contains a security hologram covering the loaded paper wallet or even an NFC device.
To me.....a coin with a btc logo is not a Physical Bitcoin coin..it's a
token..in other words...cannot be used as a means of paying in Bitcoin or as a currency exchange using bitcoin.
A loaded coin can...ex...digital btc exchanged in person without going thru
blockchain. If coin is lost..so is the bitcoin. Unique in the history of coins.
So if an unloaded Bitcoin token has a holo with a loadable paperwallet and
is then loaded with digital bitcoin it will be thus be transformed in to a
Physical Bitcoin coin.
Example...an unloaded Casascius..would become a Physical Bitcoin coin once
loaded.
To me...the definition of a physical bitcoin coin is when a coin has digital btc loaded into
it..ex...Casascius.
Physical Bitcoin card ..ex...Bitbills.
Conversely , a Physical Bitcoin coin peeled and swept will transform into a Bitcoin token. Hologram..security hologram concealing private key but allowing partial or
full public key to be exposed thru hologram.
Firsbits...partial first 5 to 6. Letters or numbers exposed from paper
wallet public key..allowing user to verify loading of coin using blockchain.
Prefork loaded ..loaded before Aug 1st 2017 and containing all coins after
the fork.
Post fork loaded...does not contain all the forked coins the prefork coins
have.
Chip...Physical or Bitcoin token resembles a poker chip in the way its made.
Wallet Cards (NFC, scratch off, security hologram) - physical plastic wallets in card form such as BitBills.
Paper Wallet - while a generic term, paper wallets like Poly and Suisse etc are their own thing too. Huh
(Physical)Crypto Art- art containing keys such as cryptoart.com collectibles and cryptografitti works
Cold Storage coins - self explanatory
Physical Crypto Bars- Casascius, Kialara, Finite By Design, BigTimeSpaghetti, CoinPlus
Hardware Wallets? Not sure if it fits what you’re looking for
Hardware Wallet Cards- Gox, Mycelium etc
Crypto hardware Yubikeys - Gox etc
Crypto Bullion - self explanatory
Commemorative Bitcoin coins - reaching probably here / same as token maybe
HODL vs. SODL => "The key to HODL is knowing when to SODL" (from medium.com)
FODL => if you sell BTC, you are basically FODLing (in the medium to long run)
A NODL is this full node:
https://www.nodl.it/BUIDL (I believe Vitalik came up with this term...) has been touted by crypto advocates as the thing people in the crypto space should really be focusing on.
- Redeemed / Peeled / Swept
- SHA-256 Private Key
- Mintage
- DIY
- GILT
- COA / Certificate of Authenticity
- Grading Services (ANACS / ICG)
- Freshly Minted Bits (BTCC) or Virgin BTC