I don't know why you were downvoted, perhaps for the "lol". Anyway yes we should explain what acronyms mean. The README would be improved by a link from "KVM" to http://www.linux-kvm.org/page/Main_Page or wikipedia.
Thank you for adding the link. Yes, personality doesn't add to the conversation according to the mods. Sigh. One needs a safe zone from even the mildest trolling.