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Author Topic: Why do we not change the name of the original Bitcoin?  (Read 640 times)
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November 07, 2017, 09:23:21 AM
 #21

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
 #22

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
 #23

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
 #24

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
 #25

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
 #26

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
 #27

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
 #28

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
 #29

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
 #30

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
 #31

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
 #32

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
 #33

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
 #34

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
 #35

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
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November 08, 2017, 10:12:37 PM
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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
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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
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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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November 10, 2017, 10:36:54 PM
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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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