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Crypto encyclopedia: second volume

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Diamond hand: crypto jihadist. Someone who rather go bankrupt than sell.

Gas fee: getting mugged by a blockchain.

KYC: know your costumer. Replace "customer" with "possible tax dodger" and you will have the real meaning.

Leverage trading: the act of multiplying your stupidity. Crypto equivalent of hara-kiri.

Paper hand: a wise person. Someone who didn't got obliterated in 2021-22. An actual trader who thinks with his brain rather than out of his ass.

POS: if used for a person (like Elon or Bezos) means piece of shit. If used for a blockchain mean those piece of shits will get much more reward for holding much more coins.

POW: A consensus mechanisms which rewards you for destroying the environment.

Private key: a word salad which you are tasked with keeping safe but will eventually share with the first random scammer you come across.

Shorting: finding the only coin which is gonna go up in the market apocalypse with 100% accuracy.

Smart contract: something that you will see in every whitepaper but in no blockchain.

Stablecoin: crypto revenge on the banking system by making an unstable, risky and all around shitty version of USD.

TA: technical analysis. The art of drawing imaginary ceilings and floors by connecting dots. A pseudo science which is somehow even worst at prediction than blind chance.

Terra-luna: World record holder for the biggest mass fucking. Someone called Do kwon have managed to fuck ten million people simultaneously in the arse.

To the moon: a cultist abracadabra which you have to say every time a shitcoin goes up 0.3%. the crypto version of telling a dying patient "everything will be okay".

Trading Bot: the only thing in the entire universe which is a worst trader than you. An app that you buy for an amazing price of 5$ and obviously gonna make you a millionaire.

Whitepaper: a collection of highly detailed, masterfully written and carefully planed lies. Something that everyone agrees is extremely important but no one actually bothers to read.

submitted by /u/Successful_Craft3076
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