A digital medium of exchange. It uses cryptography for security, making it difficult to counterfeit. The idea of cryptocurrency comes from popular online games wherein you trade something for something, and emerges into new unit of cyber-currencies between public (miners) that mimic the value of precious metals. The first of its kind is bitcoin.
Peer-to-peer transactions can be done through cryptocurrency.
by Anomalice March 31, 2014
Get the cryptocurrency mug.A bunch of first world kids have decided to draw themselves virtual "pokemon cards" using their overpriced GPU their mom had gifted them in 2010, as even using it like normal introverts - to play games, wasn't autistic enough for them. Some had exchanged it for hitman services and pizza adding 'real value' to it; Some have accumulated more than others, now they are all 'grown up' in their 20s, and their only value is their collection of poke.. I mean "cryptos", so they are promoting it like a real deal to be able to exchange it for something more than a pizza - real estate and a tesla - and be talking success stories.
In theory - decentralized currency, in practice - it's like that old comic about USB: xkcd.com/927 but even less validity and with a pinch of ponzi and criminality and "I'll make up my own money to have money for luls, oh wait, people actually believe it".
In theory - decentralized currency, in practice - it's like that old comic about USB: xkcd.com/927 but even less validity and with a pinch of ponzi and criminality and "I'll make up my own money to have money for luls, oh wait, people actually believe it".
by veinsofgold May 11, 2021
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You click the button and then you have an imaginary electronic thing that fluctuates in value based on what Elon Musk tweets.
Bitcoin is a cryptocurrency that can make me very rich or very broke depending upon Elon Musk's mood that particular day.
by ReguloNacho June 15, 2021
Get the Cryptocurrency mug.by kaimollaaay April 6, 2010
Get the cryptopsychology mug.Describes human sexuality where the actual nature of one's attractions and fantasies is a closely-guarded secret, even from one's self. It is thought to describe the natural state of most human adults.
A: I think Joe might be gay.
B: Who knows? Even Joe probably doesn't know. Like most of us, he's a cryptoqueer.
B: Who knows? Even Joe probably doesn't know. Like most of us, he's a cryptoqueer.
by episiarch April 26, 2017
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Get the cryptobating mug.who were you cryptopsing last night?
by Anonymous October 29, 2003
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