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Post by Enter Nations on Mar 7, 2018 13:42:15 GMT
The cryptocurrency industry can sleep peacefully. At least when it comes to linguistic correctness. One of the most known and respected language dictionaries in the world -Merriam-Webster has officially added to its list the definitions of words that have been used on a daily basis by many people from around the world for several years. "Bitcoin", "cryptocurrency", "blockchain" and "initial coin offering" are some of the 850 words that the online version of the Merriam-Webster dictionary enriched in March , finally officially taking into account the changes that have been happening in a spoken language for many years . According to the dictionary definition, bitcoin is a "digital currency, created for use in online peer-to-peer transactions". According to the dictionary, bitcoin is "the most important currency in the group of virtual currencies, or money existing as digital records." We further read: "Bitcoin is not supported by any government, and its variable value is partly related to the shortage that results from a mathematically defined formula. Unlike other forms of digital money, bitcoin is truly innocent [this is not true, the bitcoins themselves are as well-known as possible, while their owner is unknown). editors], and therefore, like cash, can not be recovered in the event of loss or destruction. " The dictionary mentions that the word "bitcoin" was first used in 2008. The dictionary can also find still fresh definitions of words like " cryptocurrency ", " blockchain " or the phrase " initial offering coin ." The entry on the dictionary page has become the subject of jokes of Reddit users who caught this novelty . "Thank God! I did not use this word, because Merriam Webster did not sanction it, "writes one of them. Another hopes: "Just right. Now maybe the spell checker tools will recognize this word. " Another user calls for "language also to be decentralized". There are also requests to add the phrase "HODL" to the dictionary. It is a playful description of investors who bought crypto-currencies on the hill, and after deep correction they keep them in order to make up for losses. As one of the commentators on Reddit concludes: "now let them just add HODL and we will set ourselves". Webster's Dictionary is a dictionary of American English, published since 1928. As the authors of the dictionary explain , words added to it do not come from the air. This is the result of the process of looking for changes in the language of the dictionary editors, which includes on collecting quotes in which new words are included, along with their context and sources. It takes the form of a database, thanks to which you can prepare a definition of a new word. The editorial staff also checks whether the word is not just a temporary fashion that disappears after some time. In this case, they do not go to the dictionary. Thus, the time from the first use of a word to appearing in the dictionary is often calculated in years.
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