Newspeak in the world of cryptocurrencies: Altcoin creators use specialized language to highlight the supposed advantages of their projects, and people actually buy the words (fairy tales)
Many of these projects use technical jargon and promises of improvements, scalability, privacy and transaction speed to attract investors and users.
Unfortunately, these promises are often not followed by real actions that translate into the real value of these projects.
Words like “scalability,” “smart contracts,” “privacy,” “decentralization,” and “proof of stake” are often used to imply that a particular cryptocurrency is more advanced than others.
The problem, however, is that these words are sometimes used more as a marketing tool than a reflection of actual technological innovation.
Many cryptocurrency projects exist at the concept or early development stage, with no viable products that would function in the real world. In such cases, it is difficult to talk about any value beyond speculation.
Creators may promise a variety of innovations, but they are not always able to deliver them. It happens that projects are abandoned, transformed or poorly managed, which leads to a decline in interest and market value.
