noun | fren
A fren is like a regular friend, but more degenerate and with a better sense of humor - it's a term used in the crypto community to refer to someone who shares your love of shitcoins, memes, and general degeneracy. It's like a bromance, but with more talk about technical analysis and less talk about feelings.
Example
"Me and my frens started a Telegram group for shilling low-cap altcoins to each other. We're all gonna make it, brah - to the moon or to the soup kitchen, there is no in between."
"Being a fren in the crypto space is like being part of a secret society, but instead of illuminati rituals and world domination, it's just a bunch of dudes sharing Pepe memes and talking about how they're gonna retire on a private island with their Dogecoin gains. It's not much, but it's honest work."
noun | frawd proof
A fraud proof is like when you catch your little brother with his hand in the cookie jar and you have the security camera footage to prove it - it's a cryptographic proof that shows a blockchain transaction is invalid or fraudulent, without having to reveal the details of the transaction itself. It's like snitching on someone, but with math.
Example
"I was running a full node on the Bitcoin network and I found a block with a bunch of fake transactions in it. Submitted a fraud proof to the network and got a fat bounty for my troubles. Snitches get riches, amirite?"
"Fraud proofs are like the 'pics or it didn't happen' of the blockchain world - if you can't prove that a transaction is fake, then it may as well be legit. It's like trying to convince your mom that your dog ate your homework, but instead of a half-chewed book report, it's a cryptographically-signed message from a malicious actor."
noun | fawr·muhl ver·uh·fuh·key·shn
Formal verification is like when you're writing a math proof and you have to show your work for every step, even the obvious ones - it's a process of using mathematical methods to prove that a piece of code or smart contract does what it's supposed to do, without any bugs or vulnerabilities. It's like having a super strict teacher check your homework, but instead of getting a gold star, you get a bug-free dApp.
Example
"I wrote a smart contract for a new DeFi protocol, but then I realized I needed to formally verify it or else I'd get rekt by some nerd on Twitter who found a bug in my code. Spent the next three months in a rabbit hole of theorem provers and SMT solvers, but at least now I know my code is bulletproof (I think)."
"Formal verification is like the condom of smart contract development - it's not foolproof, but it's better than raw dogging it and hoping for the best. Plus, it makes you sound like a bigbrain gigachad when you drop it in conversation at blockchain meetups."
noun | fawrk
A fork is like when you and your best friend have a falling out and stop talking to each other, so you start hanging out with different groups of people - it's when a blockchain splits into two separate chains, usually because of a disagreement over the rules or a change in the code. It's like a divorce, but instead of fighting over who gets the dog, you're fighting over who gets the Bitcoin.
Example
"When Bitcoin Cash forked from Bitcoin, it was like watching your parents get divorced - everyone was picking sides and slinging mud at each other on Reddit. I just wanted my coins to moon, but instead I got caught in the middle of a nerd slap fight."
"Hard forks are like the ultimate rage quit - when you can't get your way, you just take your ball and go home. Except instead of a ball, it's a multi-billion dollar cryptocurrency, and instead of going home, you're starting your own blockchain with blackjack and hookers."
noun | fawr·eks
Forex is like the final boss of degenerate gambling - it's the global market for exchanging fiat currencies, and it's where dreams go to die. It's like playing roulette, but instead of betting on red or black, you're betting on the strength of the Zimbabwean dollar against the Venezuelan bolivar.
Example
"I tried my hand at forex trading because I heard you could make mad gains with leverage. Ended up blowing my account in a week and now I'm selling feet pics on OnlyFans to pay the bills. Turns out, 1000x leverage is not a sustainable investment strategy, who knew?"
"Forex is where the real Chads play - if you can make it in the currency markets, you can make it anywhere. It's like the Wall Street of the internet, except instead of coked-up brokers in suits, it's sleep-deprived teenagers in their parents' basements."
noun | fawrst li·kwuh·dey·shn
Forced liquidation is like when your girlfriend breaks up with you and then sets all your clothes on fire in the front yard - it's when a trader's position is automatically closed out by the exchange because they don't have enough margin to cover their losses. It's like getting kicked out of the casino for being too broke to play.
Example
"I got forced liquidated on my 100x long position because Elon tweeted some dumb shit about Dogecoin. Lost my entire life savings and now I'm living in a cardboard box behind the Wendy's. This is what I get for gambling on a memecoin."
"Getting forced liquidated is like the walk of shame of trading - everyone on crypto Twitter sees your position get rekt in real-time and you can't do anything about it. It's like streaking through the quad, but instead of cheers, you get a bunch of degen frogs spamming 'REKT' in your mentions."
noun | fis·kuhl paa·luh·see
Fiscal policy is like when your mom gives you $20 to buy groceries, but you spend it all on weed instead - it's the way that a government adjusts its spending and taxation policies to influence the economy. It's like trying to steer a giant ship with a tiny rudder, but instead of a ship, it's a country, and instead of a rudder, it's a bunch of old dudes in suits arguing about money.
Example
"Every time the government announces a new fiscal policy, I just assume it means they're gonna raise taxes on the poor and give more handouts to the rich. It's like Robin Hood, but in reverse."
"Fiscal policy is like the government's version of 'fuck around and find out' - they fuck around with the economy by printing money and bailing out failing companies, and then we all find out how fucked we are when inflation hits and our savings become worthless. Thanks, Obama."
