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Author Topic: Virtual currency, Cryptocurrency, how about "network currency"?  (Read 1645 times)
TradeFortress
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March 21, 2013, 07:28:09 AM
 #21

I like the sentiments of OP ... though 'network currency' can sound like 'networking marketing .... pyramid, etc.

"Internet Currency" could be more appropriate, useful and correct , since it operates on layer 4 and above, not on the network hardware anyway (yet?)

Bingo! I was wondering if this point was going to brought up, for if it hadn't I was going to pen something similar.

Amway, et al., were considered MLMs, until it was remarketed as Network Marketing. Insurance companies are base on the same principle.

There's probably a large demographic that has a negative cognition toward the term network, although I do see the beauty in its usage.

One main problem I see with the term "Internet Currency" is the number of syllables it has. Perhaps, if it were shorten to something like "Netcy" it may have a chance.
I don't like netcy - what about online currency?
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March 21, 2013, 08:01:08 AM
 #22

Virtual currency makes Bitcoin sound inferior. People think digital currency are their bank accounts. Decentralized currency will confuse many people. Cryptocurrency has a "shady" connection to Joe Public. How about the term 'network currency' which brings in the point that it is maintained by the network?

social currency
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March 24, 2013, 01:26:15 AM
 #23

"Internet Currency"

+1

Bitcoin is THE internet currency!!!
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March 24, 2013, 01:07:24 PM
 #24

Would you rather have script or crypt? Who here has an account at Urban Dictionary?
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March 24, 2013, 01:36:54 PM
 #25

"Internet money" for average people.

"Decentralized internet money" for people who you think are smart enough to grasp how groundbreaking decentralized money is.
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March 05, 2018, 06:45:29 AM
 #26

What about Digital Currency? It sounds similar to "network currency".
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April 20, 2018, 07:00:59 PM
 #27

Network Currency is good...It can bring easy for everyone.
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April 20, 2018, 07:29:54 PM
 #28

Virtual currency makes Bitcoin sound inferior. People think digital currency are their bank accounts. Decentralized currency will confuse many people. Cryptocurrency has a "shady" connection to Joe Public. How about the term 'network currency' which brings in the point that it is maintained by the network?
Yes Bitcoin is virtual currency. It has no physical evidence. All Bitcoin related thing are done digitally. Because of this many people still doesn't believe on it. If virus corrupt the data or hardware crash then their is no other way to get back those data and you will loose all your Bitcoin. Crypto currency are the digital electronic cash. In future These currency are will be taking the place of real currency. Crypto currency are also use as a medium to exchange real currency. Among other crypto's Bitcoin has strong network. And it is peer to peer decentralised in nature.  Smiley

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April 20, 2018, 07:43:58 PM
 #29

Virtual currency makes Bitcoin sound inferior. People think digital currency are their bank accounts. Decentralized currency will confuse many people. Cryptocurrency has a "shady" connection to Joe Public. How about the term 'network currency' which brings in the point that it is maintained by the network?
Yes Bitcoin is virtual currency. It has no physical evidence. All Bitcoin related thing are done digitally. Because of this many people still doesn't believe on it. If virus corrupt the data or hardware crash then their is no other way to get back those data and you will loose all your Bitcoin. Crypto currency are the digital electronic cash. In future These currency are will be taking the place of real currency. Crypto currency are also use as a medium to exchange real currency. Among other crypto's Bitcoin has strong network. And it is peer to peer decentralised in nature.  Smiley

Bitcoin is not a virtual currency.  According to European central bank definition, Virtual currency is a type of currency which is controlled by its developers. 
Do you still think bitcoin is a virtual currency?
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April 20, 2018, 07:49:10 PM
 #30

Sounds interesting! Why not have network currency? I think it is a good idea and in the nearest future this may happen as everything is developing so fast. Like it was with Bitcoin. It has appeared suddenly and now there is no such a person who hasn't heard about it.

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April 20, 2018, 07:58:41 PM
 #31

I think it's just the same thing. If you or people find it shady then I don't think just the name would do much good to them. The concept of virtual money or online money would still remain just as shady as it is now.
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April 20, 2018, 08:45:41 PM
 #32

The name shouldn't matter at all, what really matters is the tech behind it, the people using it, and the amount of money involved in it. People don't care if virtual currency sounds inferior, because that is what Bitcoin is. Other currencies, such as FIAT currencies, are paper currencies. Does that make those currencies sound inferior? Is that going to make people stop using them? No. It doesn't matter what happens, people are going to use what they want to use.

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April 20, 2018, 08:56:52 PM
 #33

To make is more meaningful to the masses digital currency would be a better choice. Crypto currency makes sense to us but not to the average john or jane doe. Then when you add altcoins into the mix it becomes really confusing

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April 21, 2018, 12:10:01 AM
 #34

That's because virtual currency is in need of internet network, and without internet network bitcoin currency will stop and can not be used in transaction.

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