Orca Crypto
Culture term

No coiner

Somebody who owns no crypto, used dismissively by people who do.

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Updated 2026-08-303 min readDefinition
Definition

Somebody who owns no crypto, used dismissively by people who do.

No coiner is a mild insult for anyone outside the market, usually deployed to dismiss criticism rather than answer it. It appears most often when the criticism is uncomfortable and least often when it is wrong.

It is worth flagging because it is a thought terminating move. Whether somebody owns an asset is not evidence about whether their argument is correct, and treating it as evidence is a good way to stay inside an echo chamber during exactly the periods when outside opinion is most useful.

In practice

A detailed critique of a protocol's security model answered only with a remark about the author owning nothing.

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