alt Hacker News>I mean they use Blockchain, right? Isn't that like the only real requirement for the name crypto?
Absolutely not. Cryptocurrently exclusively refers to permissionless, decentralized, cryptographically secured, irreversible, fungible monetary system with a disinflationary or non-inflationary supply, following a voluntary, collectivized governance model.
A vast majority of tokens colloquially referred to as "cryptocurrency" couldn't be further from these principles. There are no stablecoins that are cryptocurrency. Ethereum is not cryptocurrency. Any coin issued by a corporation (e.g. Ripple) is not a cryptocurrency.
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Is there even any currency that meets that definition? Iirc even bitcoin had some kind of reversal back in the day, or am I misremembering? I seem to recall bitcoin splitting in 2 for a while as there was some disagreement on whether the reversal should be made or not.
Idk, it's been a while and my memory is fuzzy.
If your definition excludes Ethereum your understanding of the term so differs from everyone else's that we aren't talking about the same thing