My definition of cryptocurrency is different from yours. And I like my definition more:
Cryptocurrency is money with superpowers. For example, if fiat currency like USD is Bruce Wayne, then think of cryptocurrency like BTC as Batman. Similarly, a shitcoin is a cryptocurrency with no superpowers.
To illustrate my definition with examples:
- Bitcoin’s (the first cryptocurrency) superpowers were near free transactions that could be made electronically and with no restrictions.
- The Golix Token’s superpower is cheaper transaction fees on golix.com. In some cases, the Golix Token gets you zero transaction fees (cool huh?).
- Ethereum’s superpower is creating contracts that cannot be breached because they are enforced by computer programs (which cannot go back on their word, like human beings do).
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