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Author Topic: Stupid coins: The importance of the name  (Read 1812 times)
Joohansson (OP)
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November 18, 2016, 06:50:15 AM
 #1

I've been bothered for quite some time over all crypto-currencies with bad name choices. If you know just a little bit about global product marketing you know that a product name and visuals are almost as vital as the product itself. If you want global acceptance you must understand not all countries in the world speaks English, and there are many others aspects as well. I always thought that Bitcoin is a really well thought name and maybe there actually was put some thought into it before release.. It's easy to say in most languages, you understand what it is, easy to remember, unique, works in plural, tech, etc.

Not knowing much about these coins themselves I put together two lists with the following criteria:
  • Easy to pronounce in non-English (in my case Swedish)
  • Nice flow
  • Unique
  • Awesomeness

Nice
  • Bitcoin
  • Monero
  • Dash
  • Lisk
  • Nxt

Stupid
  • Ethereum
  • Augur
  • Dogecoin
  • Waves
  • MaidSafeCoin
  • HoboNickels
  • Colossuscoin V2
  • Asiadigicoin
  • Unobtanium
  • Groestlcoin

See the difference? If I would invent my own world wide super money I would go for [Unibit]. Without any deeper thought I think it beats most of the 700+ different currencies currently known. Come on, it's not that hard!
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November 18, 2016, 07:17:47 AM
 #2

LOL,

I think Monero & Lisk are Stupid names.


 Cool

FYI:
Hobonickels is a salute to the art form.
https://en.wikipedia.org/wiki/Hobo_nickel
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November 18, 2016, 07:25:14 AM
 #3

Ethereum also contains a "th" sound, which most non-English speakers are unable to produce.

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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November 18, 2016, 07:36:49 AM
 #4

Ethereum also contains a "th" sound, which most non-English speakers are unable to produce.

This & That & Thanks,

For all those that need help.  Cheesy
https://www.youtube.com/watch?v=h5LO0hHGfQg

 Cool
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November 18, 2016, 07:56:30 AM
 #5

I see what you are saying, I don't think a coin's name dictates if they will be successful or not. Might be a small piece of the equation.
Joohansson (OP)
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November 18, 2016, 08:11:15 AM
 #6

I see what you are saying, I don't think a coin's name dictates if they will be successful or not. Might be a small piece of the equation.

No coin, except Bitcoin on a very small scale, has gone global mainstream yet. Maybe the name is more important than you know.
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November 18, 2016, 08:12:55 AM
 #7

I've been bothered for quite some time over all crypto-currencies with bad name choices. If you know just a little bit about global product marketing you know that a product name and visuals are almost as vital as the product itself. If you want global acceptance you must understand not all countries in the world speaks English, and there are many others aspects as well. I always thought that Bitcoin is a really well thought name and maybe there actually was put some thought into it before release.. It's easy to say in most languages, you understand what it is, easy to remember, unique, works in plural, tech, etc.

Not knowing much about these coins themselves I put together two lists with the following criteria:
  • Easy to pronounce in non-English (in my case Swedish)
  • Nice flow
  • Unique
  • Awesomeness

Nice
  • Bitcoin
  • Monero
  • Dash
  • Lisk
  • Nxt

Stupid
  • Ethereum
  • Augur
  • Dogecoin
  • Waves
  • MaidSafeCoin
  • HoboNickels
  • Colossuscoin V2
  • Asiadigicoin
  • Unobtanium
  • Groestlcoin

See the difference? If I would invent my own world wide super money I would go for [Unibit]. Without any deeper thought I think it beats most of the 700+ different currencies currently known. Come on, it's not that hard!

Totally agree. The name is fundamental to the "brand" of the project.

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November 18, 2016, 03:53:37 PM
Last edit: November 18, 2016, 04:24:39 PM by BitcoinNational
 #8

      Totally agree. The name is fundamental to the "brand" of the project.


      DISAGREE with the following:


    Nice
    • Bitcoin
    • Monero
    • Dash
    • Lisk wat? da fuck is a LSK?
    [/list]  
    • Nxt

    Stupid
    • Ethereum -- eff .. ETH good enuf ... ETC is better since it matches btc/ltc/ftc
     
    • Augur ...  yeah shit

    • Dogecoin ... DOGE ... that's a brand Dog!
     
    • Waves  ...  yeah shit ... also total shit scam

    • MaidSafeCoin  ...  yeah shit

    • HoboNickels
     ... Hobos that's the name; really a not a bad brand if it can redeem for real world hobonickels ... google it son!
    • Colossuscoin V2  ...  yeah shit ... add the V2 part for extra WTF? sauce
     
    • Asiadigicoin  ...  yeah shit

    • Unobtanium  ... you didn't do your homework ... aka ... UN or UNO ... google that son.
    • Groestlcoin
    ... yeah shit ... should rebrand as GRS ... 'grows'
    [/list]

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    woola3
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    November 18, 2016, 05:08:25 PM
     #9

    A good name has to be easy to pronounce and in the same time pass the radio test. It gets even better if you can visualize it. In my opinion waves is a perfect example of that. Augur doesn't even pass the radio test and lisk and monero you can't visualize either of them.
    iamnotback
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    November 18, 2016, 05:18:34 PM
    Last edit: November 18, 2016, 06:05:10 PM by iamnotback
     #10

    One or two syllable names are best, e.g. Steem or Dash.

    Names which immediately convey the correct meaning to the uninformed by word-of-mouth are best for viral marketing and recall, e.g. Dash, Bitcoin, Monero, Facebook, Twitter, Iota, and Reddit.

    Names which are easy to pronounce and spell are best, i.e. not Tumblr, LBRY, nor Ethereum!

    Names which are unique enough to be brandable as unique and memorable are best, e.g. Iota, Twitter and Monero.

    Names which aren't portmanteaus of an oft-repeated prefix or suffix are best, e.g. not ___cash nor ___coin names, although Z is kinda cool so maybe Zcash is brandable.

    (Z for Nissan 300Z fast car, for Zoro, for Zero, etc ... but Zcash probably only has appeal as a name within our community, not the masses)
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    November 18, 2016, 05:27:03 PM
     #11

    @iamnotback yes because it is easy to pronouced. Also names should be easy to remember and has this wow factor when you mention. Smiley Unique sounding is also ok, it leaves the person becames curious.

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    November 18, 2016, 05:29:58 PM
     #12

    LOL,

    I think Monero & Lisk are Stupid names.


     Cool

    FYI:
    Hobonickels is a salute to the art form.
    https://en.wikipedia.org/wiki/Hobo_nickel

    agree also dash is stupid because it remind me of that detergent that you see in advertisement on tv, nxt remind me of something shady and i don't like it either, litecoin is good, but not like bitcoin, zcash is also not bad

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    November 18, 2016, 05:31:47 PM
     #13

    agree also dash is stupid because it remind me of that detergent that you see in advertisement on tv, nxt remind me of something shady and i don't like it either, litecoin is good, but not like bitcoin, zcash is also not bad

    Ah yes that is another important factor for naming is that it shouldn't have incompatible alternative meanings.

    Dash was intended to mean fast, but it has alternative meanings "a little bit", "character in Morse code", and "detergent brand name".
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    November 18, 2016, 05:36:27 PM
     #14

    wow factor when you mention. Smiley Unique sounding is also ok, it leaves the person becames curious.

    There is also the aspect of who is the target market. If the target are speculators for a pump & dump, or to be adopted by geeks only, then a geekcool name such as Ethereum is sufficient.

    But if you want this to appeal to the mass adoption case, then a name such as Ethereum probably isn't going to work. Most females are probably not going to be turned on by Tesla's ether.

    Edit: LBRY is probably another geekcool name.

    Someone make a poll for the best name in crypto. Allow us to select more than one choice (maybe up to 3)?
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    November 18, 2016, 05:56:28 PM
     #15

    yes there is importance on the name
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    November 18, 2016, 07:38:46 PM
     #16

    there's a lot of unworldliness in crypto as a whole, starting with bitcoin itself. only someone up to their eyes in computing would release 21 million coins for a whole planet. sure, they're divisible. they should've been a smaller denomination from minute one. that's how most normal humans think and always will.

    most of the names reflect that too. i can't see donald trump complaining that mangocoin reserves are too low so the us treasury is switching to wild beast bitcoin while their foreign aid budget is gonna be diverted into boolberry.

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    November 18, 2016, 07:57:38 PM
     #17

    I remember a site that graphically, in the form of spiral diagrams epitomizes 5 years of altcoin evolution. Last time I checked it a year back, it had all alts released between 2011-2015, literally all of them, 600+ or so alts, with animated annotations and nice grouping into classes depending on hashing algorithms, features and manifestos. Anyone remembers whats the site name?
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    November 18, 2016, 08:06:35 PM
     #18

    Ardor is one of the stupidest names anyone gave to a coin. Nxt was a bit weird but it became popular on the basis of being one of the first 2.0 coins. Ardor is ridiculous, and the 2.0 coin hype has run its course. The nxt devs must be betting that giving their new coin one of the stupidest names ever will make it a winner.
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    November 19, 2016, 08:45:29 AM
     #19

    Ardor has to trade names with NXT ...

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    November 19, 2016, 09:00:51 AM
     #20

    yes there is importance on the name
    Depend on your perspective.  Wink We can't blame the name of the coin is wrong or not. Every name maker has had some reason for this.

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