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Inflation, DAO, Official: Buterin Deconstructs Crypto’s Evolving Lexicon

Published 05/30/2024, 08:00 PM
Updated 05/30/2024, 08:45 PM
Inflation, DAO, Official: Buterin Deconstructs Crypto’s Evolving Lexicon

  • Vitalik Buterin Says the crypto community is changing the meaning of English words.
  • Buterin ascribes the words’ evolution to a global cultural phenomenon.
  • According to Buterin, “DAO” means “project”, and “official” means “scam”.

Ethereum co-founder Vitalik Buterin has taken to the social media platform Warpcast to highlight how the crypto community is reshaping the use of certain English words and acronyms. In a recent post, Buterin noted that in the crypto space, “DAO” often means “project,” and “official” can sometimes mean “scam.”

Buterin framed changing the meaning of these words as part of a broader cultural phenomenon. According to him, it is a key part of the process where different cultural spheres can use the same word in unrelated ways, citing examples from most European languages where “actual” means “current,” and “concurrency” means “competition.”

Notably, Buterin’s recent language comments followed an earlier debate where the Ethereum co-founder suggested that the crypto community has redefined “inflation” to mean an “uncapped total supply” of currency. According to Buterin, they have diverged the meaning from its traditiona…

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