Bitcoin and it is used to describe the point at which crypto holders will be rich enough to buy a Lamborghini.</p>\n<p>Lamborghinis are luxury automobiles that serve as a symbol of aspiration for what cryptocurrencies would be worth in the future. Many wealthy crypto investors have even <strong>purchased Lamborghinis only as a symbol</strong> of their market success.</p>\n<p>After the cryptocurrency Consensus Investment Conference in New York in November 2018, which came months after a massive surge in the price of Bitcoin, the phrase <em>\"When Lambo?\"</em> gained even more attention. To signal the presence of cryptocurrency investors, the Bitcoin Mercantile Exchange rented three Lamborghinis for the event.</p>\n<p><strong>Peter Saddington</strong>, the entrepreneur and co-founder of VinWiki, is a great example of illustrating the phrase <em>“When Lambo?”.</em> He was able to use his crypto assets to purchase a Lamborghini with Bitcoin that he had purchased for $115. 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When <strong><a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin's value skyrocketed in 2017</strong>, excitement spread over what lay ahead for the crypto markets, and <strong>the word “moon” gained traction</strong>. <em>\"Bitcoin has gone to the moon,\"</em> was a <strong>frequent claim of crypto enthusiasts</strong>.</p>\n<p>Some cryptocurrency aficionados joke that the term <em>\"Bitcoin to the moon\"</em> <strong>refers to the day when the cryptocurrency's price will be high enough to pay for a roundtrip tourist ticket to and from the moon</strong>. The phrase <em>\"when moon\"</em> is also <strong>connected with inexperienced crypto investors who rush into the market in the hopes of making huge riches</strong>. For instance, a cryptocurrency buyer might say, <em>\"I got a bag of BTC for $26,000, when moon?\"</em>.</p>","level":"easy","meta_title":"What does When Moon mean? 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blockchain-based organization dedicated to promoting new decentralized web software protocols, technologies, and applications. It was <strong>founded in 2017</strong> by Gavin Wood, Ashley Tyson, and Peter Czaban. <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-cryptography/">
Cryptographic methods</strong></a> are used in the web software protocols to provide <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-decentralization/">decentralization, which is for the benefit and stability of the Web3 ecosystem.</p>\n<p>The organization focuses on <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-web-3-0/">Web 3.0</strong></strong></a>, which is intended to be a decentralized and more equitable internet in which individuals have ownership over their personal data and identity. The Web3 Foundation envisions an internet in which users, not companies, own their data, where <strong>worldwide transactions are secure</strong>, and information and value are exchanged online in a decentralized manner.</p>\n<p>There are <strong>several layers to the Web 3.0 technology stack</strong> that include:</p>\n<ul>\n<li>Layer 0 that consists of meta protocols with a zero or low level of trust (e.g., Polkadot), internet overlay protocols for <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-peer-to-peer-p2p/">peer-to-peer (P2P)</strong></a>, and a <strong>platform natural language</strong>.</li>\n<li>Layer 1 that consists of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-parachain/">parachains, data distribution protocols, and transient data pub/sub messaging, as well as <strong>zero or low trust interaction protocols</strong> like <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-ethereum-eth/">Ethereum </strong></a>or <a href=https://www.bitdegree.org/"https://www.bitdegree.org/crypto/buy-bitcoin-btc/">Bitcoin./nLayer 2 that consists of plasma protocols, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-state-channel/">state channels</strong></strong></a>, distributed secret management, encrypted storage, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-oracles/">oracles, and heavy computation.</li>\n<li><strong>Layer 3</strong> that consists of <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-api/">APIs and languages for developers that are protocol-extensible.</li>\n<li>Layer 4 is the protocol-extensible user-interface cradle (known as the browser).</li>\n</ul>","level":"easy","meta_title":"What is Web3 Foundation? Definition & Meaning | Crypto Wiki","meta_description":"Web3 Foundation meaning: Web3 Foundation - a blockchain company that was developed to promote emerging decentralized web software protocols, technologies, and applications.","meta_keywords":null,"language":"en","created_at":"2022-04-04T07:08:44.000000Z","updated_at":"2022-05-13T14:32:24.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-web3-foundation"},"currentChapter":"W","currentSection":"what-does-when-lambo-mean","chapterTitle":"W","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-does-when-lambo-mean","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0"> Crypto Terms: Letter W
What does When Lambo mean?
When Lambo MEANING:
When Lambo -
a phrase used to describe the point at which cryptocurrency holders will be rich enough to buy a Lamborghini.
Let's find out When Lambo meaning, definition in crypto,
what does When Lambo mean,
and all other detailed facts.
"When Lambo?" is a phrase that became popular in the early days of Bitcoin and it is used to describe the point at which crypto holders will be rich enough to buy a Lamborghini.
Lamborghinis are luxury automobiles that serve as a symbol of aspiration for what cryptocurrencies would be worth in the future. Many wealthy crypto investors have even purchased Lamborghinis only as a symbol of their market success.
After the cryptocurrency Consensus Investment Conference in New York in November 2018, which came months after a massive surge in the price of Bitcoin, the phrase "When Lambo?" gained even more attention. To signal the presence of cryptocurrency investors, the Bitcoin Mercantile Exchange rented three Lamborghinis for the event.
Peter Saddington, the entrepreneur and co-founder of VinWiki, is a great example of illustrating the phrase “When Lambo?”. He was able to use his crypto assets to purchase a Lamborghini with Bitcoin that he had purchased for $115. He sold 45 bitcoins to pay for a $200,000 Lamborghini. However, if he had waited a little longer, his crypto stockpile would have been worth tens of millions of dollars.
