The Oxford English Dictionary, known for its comprehensive catalogue of English terminology, has welcomed 'Satoshi' and other Bitcoin-related words. satoshi ” and “ cryptocurrency This inclusion highlights the increasing integration of Bitcoin within mainstream culture.
The OED, published by Oxford University Press, has a long-standing reputation as a historical record of the English language's evolution. In its latest update, editors introduced a variety of new cryptocurrency terms.
Editors pointed out that 'Satoshi' has now joined other notable words in the OED. It's defined as the tiniest unit of Bitcoin, equating to one hundred-millionth of a Bitcoin.
In a historical context, the adverbial use of 'ange' (implying anxiety) dates back over a millennium, whereas the inclusion of 'Satoshi', connected to the elusive Bitcoin creator(s) Satoshi Nakamoto, is quite recent.
To put it simply, the OED has acknowledged 'Satoshi' as a fixture in the English language, despite its relatively new origin. first proposed in 2011. How’s that for catching on fast?
Instead of being slowly phased out, Bitcoin has gained substantial acceptance through numerous recognitions. The OED's acceptance of 'Satoshi' further cements Bitcoin's growing legitimacy. satoshi unit in recent months.
Initially, the OED recognized 'bitcoin' as a legitimate term in 2014.
What About Cryptocurrency?
The dictionary now provides two well-defined meanings for 'cryptocurrency'. The first describes it as an informal substitute for currency, akin to cigarettes once used as currency. This usage is rare.
The second definition describes cryptocurrencies like Bitcoin and Ethereum as decentralized digital money made viable by cryptographic technologies.
Given its burgeoning usage in global finance and regulation, 'cryptocurrency' is a meaningful addition to the dictionary.
The process of adding new words to the OED is detailed and precise.
Words like 'Satoshi' undergo extensive reviews before addition, starting with placement on a watchlist that grows through crowdsourcing, automated analysis, and citations.
When words on this list become popular enough, OED editors thoroughly investigate their development and work on crafting the dictionary entry.
A detailed entry is constructed and vetted by pronunciation teams, among others, before senior editors approve its quarterly inclusion, as with the recent 2019 update.
Essentially, frequent word usage boosts its chances for eventual OED inclusion, with 'Satoshi' being a testament to Bitcoin's increasing discourse.
Future updates may see more crypto terms added, as the trend towards cryptocurrency adoption seems inevitable.
William M. Peaster is a seasoned writer in crypto, with contributions across several outlets. He's into Ethereum, Bitcoin, and even Solidity learning on the side. Reach him on Telegram: @wmpeaster.
