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Bitcoin OG Says This Is His Most Important Warning - Adam BackOG stands for Original Gangster. It originates from rapper @Ice-T's track O.G. from the seminal album of the same name from Ice-T rapped about being. Acronym for �Original Gangster� (a term borrowed from hip-hop culture); person involved since the early days of Bitcoin, altcoins, or. Bitcoin is a decentralized cryptocurrency, meaning it is not subject to government or financial institution control. Transactions are verified by a network of.