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Author Topic: Why do we not change the name of the original Bitcoin?  (Read 532 times)
Kakmakr
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November 06, 2017, 07:13:46 AM
#1

We have seen a lot of Bitcoin forks with the Bitcoin name being used to piggy back on it's popularity. These coins market themselves with supposed superior brands and names like Bitcoin Gold and Bitcoin Cash.

These names might become confusing with every new fork, because we will soon see forks like Bitcoin Platinum and Bitcoin Ultimate.

Why should we not officially rename Bitcoin <BTC> to Bitcoin Original for people to make a clear distinction between the original Bitcoin and the rest? New investors might buy one of these Alt coins, mistaking it for the original/legacy coin?

Just a thought. What would the technical implications be? What needs to change? ^smile^

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November 06, 2017, 08:11:28 AM
#2

First of all, doesn't this thread belong under "Bitcoin discussion" possibly?
I personally think that the name should remain the same, since then some else coin could steal the "Bitcoin" name and we would be left with Bitcoin Classic right?
I do not think that changing any names or tickers will solve anything because then we would have Bitcoin Classic Gold, Litebitcoin Classic and so on. People will continue making copycats for sure when talking about open source software because it can be done so quickly and just changing few things.

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November 06, 2017, 08:22:05 AM
#3

Really if an investor wants to invest in a coin that they'll probably see as falling from $7000+ to $200+ they're a bit crazy.

The bitcoin tickers are normally easier to find on sites like exchanges and it does open an opportunity to get into cryotocurrency with smaller amounts if they want to use the other chains as a test.
That being said, if we get a lot of forks with propagating blockchains, maybe better to change the name of bitcoin gold and bitcoin cash and the forks to come.

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November 06, 2017, 09:12:13 AM
#4

We have seen a lot of Bitcoin forks with the Bitcoin name being used to piggy back on it's popularity. These coins market themselves with supposed superior brands and names like Bitcoin Gold and Bitcoin Cash.

These names might become confusing with every new fork, because we will soon see forks like Bitcoin Platinum and Bitcoin Ultimate.

Why should we not officially rename Bitcoin <BTC> to Bitcoin Original for people to make a clear distinction between the original Bitcoin and the rest? New investors might buy one of these Alt coins, mistaking it for the original/legacy coin?

Just a thought. ^smile^

any one can make his own virtual coin and use any name . we all know how bitcoin success and how price of BTC increase fast , new economizes try to make fast money using bitcoin name so for newbie when you find bitcoin have 7,000$ and keep increase and other coin(have same bitcoin name) have 300$ you will think other coin  will increase fast like bitcoin so this call economic trick and any company use this may be scam and will end fast

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November 06, 2017, 10:25:17 AM
#5

I think that change name of original BTC from BTC to anything else would be wrong and completely unnecessary.What people recognize as the only original is marked with BTC so there should not be too much confusion.It would be good that Bitcoin name was protected on some way so others can not use it today for some altcoins which are only more or less bad copies of BTC.But today's copies and those that will just come certainly create a some confusion, especially for those who encountered BTC for the first time.

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November 07, 2017, 05:21:11 AM
#6

I think that change name of original BTC from BTC to anything else would be wrong and completely unnecessary.What people recognize as the only original is marked with BTC so there should not be too much confusion.It would be good that Bitcoin name was protected on some way so others can not use it today for some altcoins which are only more or less bad copies of BTC.But today's copies and those that will just come certainly create a some confusion, especially for those who encountered BTC for the first time.

Only people who has known about Bitcoin before these forks would have known that BTC is short for Bitcoin. For us this is second nature, but for new people this is confusing. I had two friends who had phoned me to ask why the price of Bitcoin dropped to $400 and I had to explain to them that it was not BTC. <The original Bitcoin>

We will not be able to change the white paper <not that we want to>, but we can change the way people talk about Bitcoin on forums and the media and other public platforms. 

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November 07, 2017, 07:24:42 AM
#7

Doesn't Bitcoin just being "Bitcoin" imply that it's the original one? I feel like that's enough of a distinction. This way, basically everything Bitcoin with a suffix is an altcoin.

But yeah, all these forks are just ridiculous, and are confusing to people new to the cryptocurrency scene. I don't think we can do anything about it though. The only real solution is for people to educate themselves. If they end up buying the wrong coin, they're probably not cut out for cryptocurrency in the first place.

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November 07, 2017, 07:33:37 AM
#8

In my opinion, we're good with just "bitcoin", if you're worrying about investor confusion, let them be confuse. It's probably their fault when their confuse not doing their research to make an informed decision.

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November 07, 2017, 07:34:38 AM
#9

Bitcoin is bitcoin, it is original. Bitcoin gold, 2x and others are new coins, they are altcoins. BTC is BTC not others, everyone want to change btc to other names, it will not change the coin and the price, btc will be btc not original btc.

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November 07, 2017, 07:46:40 AM
#10

We have seen a lot of Bitcoin forks with the Bitcoin name being used to piggy back on it's popularity. These coins market themselves with supposed superior brands and names like Bitcoin Gold and Bitcoin Cash.

These names might become confusing with every new fork, because we will soon see forks like Bitcoin Platinum and Bitcoin Ultimate.

Why should we not officially rename Bitcoin <BTC> to Bitcoin Original for people to make a clear distinction between the original Bitcoin and the rest? New investors might buy one of these Alt coins, mistaking it for the original/legacy coin?

Just a thought. What would the technical implications be? What needs to change? ^smile^
I do not think this is a good idea, we should not change its original name if the parent to bitcoin does not want. We should respect the original decisions.

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November 07, 2017, 07:56:44 AM
#11

You are right to be concerned about those things. But to be honest name Bitcoin is just fine. All people who want to join world of Bitcoin should learn basic things about it, and that mean Bitcoins name. Only those who do not care enough will make a mistake, and maybe they should. I am not concerned about those names, because they will never be able to compeat with Bitcoin and therefor will be nothing more than a try to copy real Bitcoin.

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November 07, 2017, 08:03:36 AM
#12

Name changes are small potatoes.

The big growing changes are likely going to come from the NSA. We have no idea what those motherfuckers have up thier sleeve!

Maybe letting Bitcoin cryptography out was a mistake, we really cannot  be sure..

At any rate  going along for the  crypto ride seems like a good idea for now.

Ya might also wanna plant some tomatoes and potatoes...
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November 07, 2017, 08:09:00 AM
#13

you are true that it is confusing me too there are many of coins tokens and altcoin with nearly same names.
name bitcoin is is like the founders edition which are now well known and serves as basis hehehehhe
and naming such a things is depend on the person if he/she wants that acronym then he / she freely to use it .

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November 07, 2017, 08:13:14 AM
#14

the name should remain the same, one word better than two words, easy to write on shirts, on screen, on everything. why some people here want to change it, just to not confuse newbies! BTC is always on the top.

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November 07, 2017, 08:17:14 AM
#15

We'll see what coin is going to hold the name of Bitcoin after segwit2x. What if bitcoin core gets less hashrate and becomes less valueable?
Do you still like the name "Bitcoin Original", if it eventually looses it's dominance and become altcoin?

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November 07, 2017, 08:21:28 AM
#16

this is not new. they have been using bitcoin's name from early days. there currently are bitcoin dark, bitcoin black and a couple of other bitcoin somethings around and they are all altcoins and nobody ever confuses them with bitcoin. and the name is simple enough. it is short and sufficient we shouldn't change the name to add a trailing word just because they keep creating new altcoins while abusing the bitcoin brand.

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November 07, 2017, 08:39:43 AM
#17

I think for newbies and people who do not research about cryptocurrency will be confused but for people who already know bitcoin then no matter how many forks that adds bitcoins name on it they will not be confused
 
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November 07, 2017, 09:03:53 AM
#18

why should "we" do anything at all? they are the ones creating altcoins left and right from bitcoin. and it is no confusion in my opinion, their names are clear enough for anyone to understand that is not bitcoin. it is like those Chinese products that use the same name as the original ones but they are clearly crap.

and lets say for a moment that we changed the name from bitcoin to bitcoin original, what will you do when they forked this and created "bitcoin very original" or "bitcoin original 2.0"!

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November 07, 2017, 09:10:40 AM
#19

it became successful and popular as BITCOIN so there's no need for this.
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November 07, 2017, 09:15:20 AM
#20

Honestly the odea of renaming Bitcoin soinds like a shitty plsn to scam people. It sounds realy hard (impossible) to keep the whole community updated about the current BTC (not anymore?) name.

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November 07, 2017, 09:21:11 AM
#21

I think that change name of original BTC from BTC to anything else would be wrong and completely unnecessary.What people recognize as the only original is marked with BTC so there should not be too much confusion.It would be good that Bitcoin name was protected on some way so others can not use it today for some altcoins which are only more or less bad copies of BTC.But today's copies and those that will just come certainly create a some confusion, especially for those who encountered BTC for the first time.


Yes agree and bitcoin also as unique fashion also easier to identify from other currency
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November 07, 2017, 09:23:21 AM
#22

We have seen a lot of Bitcoin forks with the Bitcoin name being used to piggy back on it's popularity. These coins market themselves with supposed superior brands and names like Bitcoin Gold and Bitcoin Cash.

These names might become confusing with every new fork, because we will soon see forks like Bitcoin Platinum and Bitcoin Ultimate.

Why should we not officially rename Bitcoin <BTC> to Bitcoin Original for people to make a clear distinction between the original Bitcoin and the rest? New investors might buy one of these Alt coins, mistaking it for the original/legacy coin?

Just a thought. What would the technical implications be? What needs to change? ^smile^
The name bitcoin is fine, it will make more confusion if we suddenly change the name of bitcoin. The brand bitcoin is starting to get popular so i don't think it's a wise decision to change the name this late into the game. People will know that bitcoin is the real one and the others are fake.

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November 07, 2017, 09:25:43 AM
#23

There is lots of people getting profit in the name of bitcoin and fork coins  because even i am the person mostly trading in altcoin final destination would always be bitcoin because i will always convert my profit to bitcoin . Even people belive the coins which is generated from Bitcoin fork compare to other altcoins most of the coins became nothing after holding couple of months.

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November 07, 2017, 09:31:21 AM
#24

OMG! Why do we have to change the name? For me, there is no problem with Bitcoin name, and I think it is the same with others.

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November 07, 2017, 09:36:03 AM
#25

I don't mind if they'll change it but it is not really necessary for in my opinion. The ticker BTC alone is already clear. And the price differences are too big that one can simply identify if he/she made a wrong purchase.

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November 07, 2017, 10:04:40 AM
#26

We have seen a lot of Bitcoin forks with the Bitcoin name being used to piggy back on it's popularity. These coins market themselves with supposed superior brands and names like Bitcoin Gold and Bitcoin Cash.

These names might become confusing with every new fork, because we will soon see forks like Bitcoin Platinum and Bitcoin Ultimate.

Why should we not officially rename Bitcoin <BTC> to Bitcoin Original for people to make a clear distinction between the original Bitcoin and the rest? New investors might buy one of these Alt coins, mistaking it for the original/legacy coin?

Just a thought. What would the technical implications be? What needs to change? ^smile^

I think it is not a good idea to rename or change the original name of bitcoins. This may cause confusion on current and and incoming users because of the sudden change. The name with only "Bitcoin" was already been established as the first(as my opinion only) one without any additional name connected to the original word thus making it the pioneer and being the name that was used being the one familiar with people.

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November 07, 2017, 11:27:29 AM
#27

Honestly the odea of renaming Bitcoin soinds like a shitty plsn to scam people.

Basically that. Anything that's get added to Bitcoin, where it doesn't matter whether it's infront or behind, only results in confusion, looks unprofessional, makes me think about an altcoin claiming to be the real deal, etc. Less is more, and that's definitely the case with Bitcoin. Let all other shitcoins name themselves the way they want, it doesn't matter anymore, everyone knows that it's nothing more than a blatant get rich quick attempt by the people behind all these forks. All forks will eventually end up drying out, and especially when the people behind them stop pumping their own funds into keeping that coin alive, because that's basically what's happening with BCC right now. It's the Jihan cartel making that shitcoin look active, just to unload their coins on delusional people.

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November 07, 2017, 11:31:50 AM
#28

We can change but it would be wrong, because then people will be confused. They will be thinking huh was it not bitcoin ? They will just do stupid things.

Everyone in the world have heard about bitcoin now if you change it more people will be confused about it.
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November 07, 2017, 11:39:39 AM
#29

It's a simple name, and it doesn't have any real meaning. The real technology is bitcoin, the only one. Now the fork feels like there's a lot of bubbles in it, I don't hold forks, I sell it, I sell it, and I hold it for bitcoin. Smiley
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November 07, 2017, 07:44:26 PM
#30

The original bitcoin name can not be changed in any case. This will still make a big mess in the names that have a prefix "bitcoin". Everyone should know that we have one bitcoin. and all the rest are just his clones, the pale counterfeit bitcoin.

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November 07, 2017, 07:54:11 PM
#31

Why should the originality be changed. Let bitcoin team take action on other new forks for coping the name "bitcoin". Always when an organization becomes an outstanding performer, always many new organizations tend to copy their names.  It's the new organizations who should be advised or warned to change their names instead of original organization advised to change their title.

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November 07, 2017, 08:05:23 PM
#32

Why should we not officially rename Bitcoin <BTC> to Bitcoin Original for people to make a clear distinction between the original Bitcoin and the rest? New investors might buy one of these Alt coins, mistaking it for the original/legacy coin?

Simple,
Because it is going to be useless.

The moment this move will take place I will make an altcoin "Bitcoin the original".
And probably two seconds after we are going to have "Original Bitcoin gold" "original bitcoin cash" "real original bitcoin"  "platinum bitcoin original" ad so and so on...

Changing the name will only lead to more confusion among users.
And besides, once that is done , what will happen if somebody creates a coin called "bitcoin".

Simple is better.
At least nobody can create a coin which has a short name that bitcoin and contains the word bitcoin.


why should "we" do anything at all?

Because ...shitty weather outside, girl out of town, no games to play... choose one.
Bored people do tend to come up with pretty... weird at least, ideas. 

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November 07, 2017, 08:22:37 PM
#33

We have seen a lot of Bitcoin forks with the Bitcoin name being used to piggy back on it's popularity. These coins market themselves with supposed superior brands and names like Bitcoin Gold and Bitcoin Cash.

These names might become confusing with every new fork, because we will soon see forks like Bitcoin Platinum and Bitcoin Ultimate.

Why should we not officially rename Bitcoin <BTC> to Bitcoin Original for people to make a clear distinction between the original Bitcoin and the rest? New investors might buy one of these Alt coins, mistaking it for the original/legacy coin?

Just a thought. What would the technical implications be? What needs to change? ^smile^

Actually the real name of the original bitcoin is "Bitcoin Core" and I believe it will be inappropriate for it to be change, I will affect the relevance of the coin since bitcoin is well known already.
Changing name is not a thing to consider because the reaction of the investors will kinda tear everything apart.

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November 07, 2017, 08:51:35 PM
#34

When a currency is strong enough to make a notable distinction with respect to the others, it is never the case that it changes its name to avoid confusing it with others. I can not imagine the American dollar being called "The original Dollar" so that people do not confuse it with the Australian dollar or the Canadian dollar.


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November 07, 2017, 08:59:20 PM
#35

This name has it's own meaning if you check whitepaper that written by Satoshi. Bitcoin sounds good why someone should need to change the name of coin except creator? Smiley

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November 07, 2017, 11:28:13 PM
#36

First of all, doesn't this thread belong under "Bitcoin discussion" possibly?
I personally think that the name should remain the same, since then some else coin could steal the "Bitcoin" name and we would be left with Bitcoin Classic right?
I do not think that changing any names or tickers will solve anything because then we would have Bitcoin Classic Gold, Litebitcoin Classic and so on. People will continue making copycats for sure when talking about open source software because it can be done so quickly and just changing few things.
Definitely,nothing would change by just changing the name bitcoin.Also,we would be losing the brand name Bitcoin which is its unique identity.We could do nothing to avoid the names being used as bitcoin cash,bitcoin gold,may be in future bitcoin platinum,bitcoin diamond.



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November 08, 2017, 10:09:28 PM
#37

A lot of cryptocurrencies are now emerging but the originals are Bitcoin. One of the best is Ethereum! The Propthereum ICO crowdsale will run off a decentralized Smart Contract that runs on the Ethereum Blockchain. It is secured with a 256-bit encryption which makes it secure and reliable. Propthereum Tokens will be minted as PTCs. These coins are a digital representation tracking the funding of our ICO and crowdsale. The pre-ICO token sale will take place on November 10, 2017 at 12PM GMT. For more information, visit www.propthereum.io
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November 08, 2017, 10:12:37 PM
#38

We have seen a lot of Bitcoin forks with the Bitcoin name being used to piggy back on it's popularity. These coins market themselves with supposed superior brands and names like Bitcoin Gold and Bitcoin Cash.

These names might become confusing with every new fork, because we will soon see forks like Bitcoin Platinum and Bitcoin Ultimate.

Why should we not officially rename Bitcoin <BTC> to Bitcoin Original for people to make a clear distinction between the original Bitcoin and the rest? New investors might buy one of these Alt coins, mistaking it for the original/legacy coin?

Just a thought. What would the technical implications be? What needs to change? ^smile^

Now nothing can be done as the symbol and name is familiar with everyone and even now almost all exchange are trading on that name and symbol.

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November 10, 2017, 06:33:58 PM
#39

Definitely,nothing would change by simply changing the name bitcoin.Also,we would lose the brand name Bitcoin which is its novel identity.We could do nothing to maintain a strategic distance from the names being utilized as bitcoin cash,bitcoin gold,may be in future bitcoin platinum,bitcoin precious stone.

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November 10, 2017, 10:21:00 PM
#40

There's not name as perfect as "Bitcoin". Easy to remember and straight to the point.
Also very meaningful. It means "coin made by bits", it gets the idea of a very digital coin, the coin of the Internet.

No other cryptocoin has such a meaningful name... take Ethereum for example: what does this name mean? How can it be related to digital economy and online transactions?

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onnz423
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November 10, 2017, 10:36:54 PM
#41

There's not name as perfect as "Bitcoin". Easy to remember and straight to the point.
Also very meaningful. It means "coin made by bits", it gets the idea of a very digital coin, the coin of the Internet.

No other cryptocoin has such a meaningful name... take Ethereum for example: what does this name mean? How can it be related to digital economy and online transactions?

Don't know about ethereum but it has alot more complex network. We are talking about cryptocurrency only meant for transactions, compared to a cryptocurrency/platform which can be used for alot of things. I think that Ethereum is alot more revolutionary rather than bitcoin because you can actually make usable development systems on it instead of just sending bitcoin.

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figmentofmyass
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November 10, 2017, 10:54:02 PM
#42

There's not name as perfect as "Bitcoin". Easy to remember and straight to the point.
Also very meaningful. It means "coin made by bits", it gets the idea of a very digital coin, the coin of the Internet.

No other cryptocoin has such a meaningful name... take Ethereum for example: what does this name mean? How can it be related to digital economy and online transactions?

Don't know about ethereum but it has alot more complex network. We are talking about cryptocurrency only meant for transactions, compared to a cryptocurrency/platform which can be used for alot of things. I think that Ethereum is alot more revolutionary rather than bitcoin because you can actually make usable development systems on it instead of just sending bitcoin.

fun fact: the original bitcoin software was not only meant for transactions. there was actually a poker client built into the software that was later removed.

i actually think the functionality of the blockchain conflicts with this idea that bitcoin is only for transactions. the transactions themselves are data propagated and stored on the most secure network in the world. that's perpetual storage for hashed/encrypted/compressed data, and it's still pretty cheap considering how low fees still are.

bitcoin will eventually allow more complex transactions like smart contracts. "simplicity" the smart contract coding language has been released, and rootstock (RSK) doesn't even require a fork to go into production. things just take a lot longer with bitcoin, because we don't "move fast and break things." that's what the ethereum guys do.

Kelvinid
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November 10, 2017, 11:52:00 PM
#43

There's not name as perfect as "Bitcoin". Easy to remember and straight to the point.
Also very meaningful. It means "coin made by bits", it gets the idea of a very digital coin, the coin of the Internet.

No other cryptocoin has such a meaningful name... take Ethereum for example: what does this name mean? How can it be related to digital economy and online transactions?
Right.Let's just leave bitcoin the way it is.It has been popular throughout the world and no other coin can ever replaced bitcoin except the word bitcoin itself.It may be short in word but what matters is the potentials within in a coin.Bitcoin has been so valuable to the people and has been a life-changer throughout the years.

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Cloud27
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November 11, 2017, 01:42:54 AM
#44

For me the single word Bitcoin is a clear distinction of the first and the original Bitcoin name. If any word added to bitcoin will be used as an indicator that the new coin with the added word from bitcoin is a fork from bitcoin or it will be the basis for bitcoin user that a new coin is an alternative coin. I experienced the technical impact of bitcoin forking what more the technical impact of changing the name of Bitcoin. If that happens we are at the mercy of our wallet provider on what technical steps to be done to secure our Bitcoin to become Bitcoin Original.

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November 11, 2017, 01:32:02 PM
#45

We have seen a lot of Bitcoin forks with the Bitcoin name being used to piggy back on it's popularity. These coins market themselves with supposed superior brands and names like Bitcoin Gold and Bitcoin Cash.

These names might become confusing with every new fork, because we will soon see forks like Bitcoin Platinum and Bitcoin Ultimate.

Why should we not officially rename Bitcoin <BTC> to Bitcoin Original for people to make a clear distinction between the original Bitcoin and the rest? New investors might buy one of these Alt coins, mistaking it for the original/legacy coin?

Just a thought. What would the technical implications be? What needs to change? ^smile^

I think it is not a good idea to rename or change the original name of bitcoins. This may cause confusion on current and and incoming users because of the sudden change. The name with only "Bitcoin" was already been established as the first(as my opinion only) one without any additional name connected to the original word thus making it the pioneer and being the name that was used being the one familiar with people.
Yes this is a great idea indeed. Because in the international market along with the original cryptocurrency, there are a lot many other options available in the form of altcoins that have quite a similar name such as the bitcoins . This is nothing but to deceive people for using other cryptocurrencies with lower market price and it is actually working to our surprise.

The choice of a standard name needs as such no implications but the bitcoin community to get at the same page so that the ideas could be put into practical use.

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November 14, 2017, 08:08:14 AM
#46

OMG! Why do we have to change the name? For me, there is no problem with Bitcoin name, and I think it is the same with others.
Yes the bitcoin is the best name of the bitcoin and this is the reason why the people why want to change the name I hope the bitcoin will give the chance to the people to buy the bitcoin and to increase the profit in the bitcoin I can see how the bitcoin is giving the profit and the income of the bitcoin will give the profit at the same time I can see how the bitcoin is giving the chance for the people for all.

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