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Author Topic: Are you OK with Bitcoin being called a token?  (Read 3247 times)
waitforme
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December 04, 2018, 03:51:49 PM
 #221

I disagree with this idea of ​yours. I think Bitcoin must be called coin since it has its own platform and there are a lot of Altcoins developers based on it's a platform. Altcoins developed by any currency is called a token. I think my reasoning is right.

Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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December 04, 2018, 06:04:43 PM
 #222

Although some school of thought believe that the name you give to things affects them either positively or negatively but i think at this point in time it is totally immaterial, whether it is called a token or Bitcoin  what maters is the market value
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December 04, 2018, 07:06:25 PM
 #223

I do not think it has a big impact if bitcoin will called a token, no matter what kind of name to be called for bitcoin ,it does not make bitcoin down , as long as its price value ,does not change it will not matter ,even if others only say that it is a token.

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December 04, 2018, 08:40:31 PM
 #224

No, not at all. A token is clearly defined as a digital asset which doesn't have his own blockchain. Bitcoin runs on its own blockchain and hence cannot be called token.

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December 05, 2018, 09:26:27 PM
 #225

Bitcoin is not a token at all, and in this topic has already been written many times why it can not be called that. But it doesn't really matter what they call it. It still remains a unique technology.



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December 05, 2018, 09:41:14 PM
 #226

I only once heard someone call a bitcoin "token". But this man is absolutely not versed in cryptocurrency and is just beginning to study this topic. So I don't think we really need to pay attention to this point. The essence of bitcoin still does not change.



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December 05, 2018, 09:44:31 PM
 #227

Of course I'm fine. The only frustrating thing is that not all people want to study bitcoin and cryptocurrencies, so they can mistakenly call bitcoin a token. But I hope that novice investors will carefully study the technology and will not make such reservations.

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December 05, 2018, 10:37:59 PM
 #228

Honestly, I don't agree if bitcoin is said to be a token. I prefer bitcoin as a crypto currency coin. If the token, the connotation is less convincing. I consider tokens only as gifts from bounty campaigns or coins offered by ICO only. I prefer if bitcoin is called a coin. In my opinion the name of the coin has been attached to bitcoin so as a crypto currency holder and player, I am more familiar with calling bitcoin a token. But all that goes back to market policy. I just say my opinion. I prefer if bitcoin is called a coin. But if the market calls bitcoin a token and some crypto currency players agree then I can't move much. I can only follow market policies because everything is regulated by the market. That is a bit of my sharing. I hope that bitcoin is always called crypto currency coin.
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December 05, 2018, 10:43:29 PM
 #229

I think what ever they called to bitcoin like coin or token its alright because the important to this business is how manage and how you grow your investment in bitcoin. And I think people not look to what people called in bitcoin because the important to them is their investment.

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zeingrind777
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December 06, 2018, 02:45:15 AM
 #230

I don't agree if a Bitcoin is called a token. Because coins and tokens are different. coins are the original assets of the blockchain itself. Think about Bitcoin, Litecoin, or Ether. Each of these coins is on their own blockchain. Whereas tokens are made on the existing blockchain. The most common blockchain token platform is Ethereum. However, there are others like NEO, Waves, Lisk, and Stratis. Tokens on the Ethereum platform are known as ERC-20 tokens. Meanwhile, NEO uses tokens known as NEP-5 tokens.

Anyone can make their own special tokens on one of these platforms.
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December 06, 2018, 03:39:11 AM
 #231

Maybe when bitcoin price drop and have been under $2,000 I will agree call bitcoin as token, how can to say bitcoin if price really drop and cheap like altcoin price, I hope bitcoin could be back at higher price again.

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December 06, 2018, 03:39:56 AM
 #232

For me, in my own opinion and own desire inside of me, I don't want Bitcoin to be called a token in the coming future. I want this Bitcoin to remain as it is as a crypto currency that brings all out here in the crypto world. So, my answer is, I don't definitely agree to this.

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December 06, 2018, 04:03:00 AM
 #233

I am not ok with that. There is some Bitcoin token which is kind of shitcoin.

By the way, tokens are not just made on Ethereum, there are other blockchains too.

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December 06, 2018, 12:36:18 PM
 #234

Whatever they say, for me bitcoin is still bitcoin. Media like that only search for visitors to their blogs by creating articles. Don't be easily influenced by such media, keep believing in yourself.
Well, but surely bitcoin will not be called a token because it is released and based on the blockchain technology, it has very special features to solve different problems, it works independently and has its own wallet, we all know very clearly this issue. While if it is a token, it will not own these because the token is always issued based on the basis of certain coin, and tokens are usually stored on a separate wallet in the base platform, all of this is enough to prove that bitcoin is not a token
 

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December 06, 2018, 01:33:57 PM
 #235

I do not agree because bitcoin is actually a digital currency different from tokens such as a collection of coins like games but this bitcoin is not the same as the other tokens in my opinion
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December 06, 2018, 01:55:56 PM
 #236

Yes its actually a digital token, can be divided into 100000000 units called satoshi.

But. It has more value than money due to proof of work and existence.
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December 06, 2018, 02:15:23 PM
 #237

It makes no difference to me, as people call Bitcoin. Its value does not change. And the main thing that I myself call correctly.
I agree, I think whatever other people call to it won't have effect in me since it doesn't affect its value and usage. It seems like being immature or being Over acting just because other call it as token. As long as I get profit and it help me financially I will keep believing and holding it.



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December 17, 2018, 01:28:32 PM
 #238

in my opinion, I still disagree with this assumption because bitcoin is electronic money boosting a token. That is another discussion because it becomes a reference value for exchanging a coin instead of replacing this bitcoin designation.
I do not agree, because bitcoin is a digital currency and can be used for legitimate payments in countries that legalize bitcoin. Bitcoin is bought and sold through various exchange exchanges including Coinbase, and Binance. Whereas tokens represent assets or anything that has a value ascribed to it, but tokens cannot be used as a means of payment because it is not virtual money.
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December 17, 2018, 06:32:56 PM
 #239

As you have mentioned, Bitcoin is not technically a token. Tokens are different and don't have their own blockchain network. Bitcoin has its own blockchain network which makes it a cryptocurrency. If some publications do it, then they need to re-educate on their cryptocurrency knowledge.

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December 17, 2018, 11:56:22 PM
 #240

It's absurd calling tokens Ethereum bubble, both bitcoins and altcoins compliment each other. For me I see no problem calling a cryptocurrency token or coin, it takes nothing away from its capabilities.
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