Two months ago I bought my first crypto currency.
I tipped in $100 as an experiment, hoping that having some skin in the game would help me better understand this brave new financial world.
Am I still confused? For sure.
But it doesn’t have to be so mysterious.
If you’re thinking of diving in yourself, here are five things you should really be across first.
1. Jargon, so much jargon
Don’t know your DAO from your DeFi? Your Nocoiners from your Altcoin? Your HODL from your Cold Storage?
You’re not alone.
The crypto world is full of jargon and acronyms and so much assumed knowledge that it can feel very exclusionary and exclusive.
For example, this is a recent headline from a crypto newsletter I’ve signed up to:
“Goguen: Alonzo Hard Fork. The Alonzo Protocol upgrade went live on Cardano mainnet around 10:00pm enabling Plutus smart contract capabilities.”
No. I don’t get it either.
The heavy reliance on jargon is not surprising for currencies created by web…