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Author Topic: "Cryptocurrency" is misleading  (Read 658 times)
relevate (OP)
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March 21, 2014, 03:59:59 AM
 #1

Bitcoin is primarily used as money and the word cryptocurrency is applicable in that case. But cryptocurrency can be misleading when you look at other uses of these proof-of-work protocols.

Colored coins or Bitshares could mean that a bitcoin represents an asset such as a stock or contract. We hear about people using the protocol to build Decentralized Autonomous Corporations and set up voting systems. I think that cryptocurrency is an easy word to understand for the general public but I hope there's another word that can capture the broader applications of Bitcoins and other blockchain based systems.
ecto
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March 21, 2014, 04:30:35 AM
 #2

you hit buttons to make words but you didn't say anything.

"cryptocurrency can be misleading when you look at other uses of these proof-of-work protocols"

these words mean nothing

"We hear about"

link to it

"I think that cryptocurrency is an easy word to understand for the general public"

correct

"but I hope there's another word"

no reason given why you hope that
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