Personally I'm okay with the name. I like to call them Uncle Pep Pep coins.
But it seems SO many are not.
I understand re-branding is not something to be done lightly, but I do think it is possible and could have benefits, especially if it came with something like a mint while encrypted for casuals update.
Honestly I'm too new here to be talking shit, I just want the best for Pep Peps, and I feel like no one talks about it even though it is number 3 or whatever.
Being #3 is pretty respectable, but I'm looking at what we need to project ourselves into #2 or #1. I understand that there are a lot of risks associated with re-branding, but we are still so early into the game that its the best time to do so if we choose to brand. Something like PTP to emphasize the Peer to Peer would be alright as well.
I have a lot invested into the success of PPCoin and I want everything that can be done to increase the odds of success.
It's just that there is an overwhelming number of currencies right now and they are all decentralized. That's the nature of all these currencies. That's a given. Bitcoin, Litecoin, Namecoin, Terracoin, Devcoin, Novacoin, Ixcoin, Feathercoin.
I would much prefer to brand our coin and differentiate ourselves by emphasizing the major attraction of our coin, that it is the FIRST long term energy efficient crypto currency out there. People will eventually get coin fatigue in the future and there's going to be so many different coins out there. And more coming out in the future.
Sunny, your statement of " our central marketing message from the beginning. But I think, peer-to-peer (i.e. decentralization) is the main innovation of cryptocurrency, having it in the name shouldn't be such a bad thing." is only good if there is only one coin in existence. But there are so many different flavors of coins out there. People already associate Bitcoin with P2P.
We have a super crazy awesome unique selling point and that should be the strength that we market.
I want our name to be something that instantly rings with our potential user base to immediately tell them what we are all about.
Something like ECOCoin will immediately tell them that we are ecologically friendly and that sets us apart. Peer-To-Peer does nothing to differentiate us from the other Bitcoins because they are all Peer-To-Peer (that's the nature of Bitcoin itself). People will think....ECO and step back and think....wait a second....how?
Peer to Peer does none of that because all the cryptocurrencies are Peer to Peer.
Here's an analogy. Let's say the Alt coins are cookies. And what we're doing is that we're describing something that is an inherent property of the Alt coin as our name. So our name would be baked treat.
I feel it's far more effective if we name and market ourselves based on our ingredients (what sets us apart), so instead of calling us baked treat. We would be: chocolate chip cookie, raisin cookie, gingerbread cookie, peanut butter cookie.
If no one else made cookies in the world or any other baked treat, then calling us a baked treat would be appropriate.
From the Wikipedia,
As of April 14, 2013, PPCoin had a market cap of 29323 BTC (USD $2,932,300 Million)
Bitcoin is over 1 billion dollars.
We are only 0.002 of Bitcoin's market value.
[Edit: Current Numbers are: 7.5 million for PPCoin, and Namecoin is 6.8 million (which is fairly close)]
In order to seriously compete with Bitcoin and their first to market advantage, we need to ensure changes that can propel us forward. My goal is to have PPCoin replace Bitcoin in the future.
Maybe I'm not expressing myself properly, but I feel like we should have much more success already given the extraordinary nature of our technological advancement. I'm not saying that the name prevented us from losing market share, I'm saying that it may be a hurdle to becoming #1 in the future because PoS is fucking amazing and people don't really know about PoS yet....
