Can't remember the name (if it has one), but there's a linguistic phenomenon where words take on opposite meanings from the original. The "Peacemaker" was a missile, "literally" now means "figuratively", "awful" used to mean "awe-inspiring". And apparently "bare metal" now means "runs on an operating system".

The trendy uses are "algorithim" and "crypto" are specific cases of the general meanings of these terms -- there's no contradiction or ambiguity introduced here, so these uses are OK, although people presuming the narrower trendy meanings in broader contexts are wrong.

This use of "bare metal" does contradict the pre-existing meaning, so is not quite appropriate. What is valid is describing the OS itself as running on bare metal in contrast to running within a VM/container -- but an application running on top of that OS is not running on bare metal.

This isn't particularly egregious, though, since there are negligible cases of actually running applications on bare metal today: if you are talking about applications, the context can usually explain the intended meaning. But that wasn't always the case in the past (PC "booter" software used to be common), so this doesn't necessarily apply retrospectively, and may not be the case in the future, especially considering some of the interesting things companies like Oxide are working on.