Is "cryptocurrency" a good term?

[SGMPhil]

e-currency would probably be a bit more appropriate but cryptocurrency sounds cooler

[1715051412]

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[micky mou]

if you want your generation your nation updated
so you have to accept that fact
cryptocurrency is the most liking term in nowadays

[akemi1487]

yes, this is the main fact! The term is what it is, and it is part of the history of Bitcoin, and maybee the history of world economy forever

[Ucy]

Decentralized-Currency more appropriate?

Decentracurrency
Decentracoin
Decurrency
Detracurrency

[chimcoin]

I think there is a time when a new word is formed and becomes generally accepted and in used daily, This is also applicable to the word "cryptcurrency ". Now , consider word formation for example, word formation is the creation of a new word. Word formation is sometimes contrasted with semantic change, which is a change in a single word's meaning. A new use of an old word can be seen as a new word derived from an old one and identical to it in form.
In a nutshell, cryptcurrency as it is use today, is a word that has become generally accepted to it meaning and  we can't change it.

[jmiro1]

I agree that the "Crypto" word is not fully suitable with it but you are wrong about the word "Currency". Currency is not a "Narrow" economical term, currency is a revolution to the economy. And the purpose of these decentralized money is currency, yes they are currency. These are currency at the end no matter how you put it. It's online unit, it's blah blah blah,, but it's currency. Currency is strong strong strong part of the economy. You should realize it.

[arrmia11]

Recently I've started thinking that the word "cryptocurrency" does a pretty poor job at describing what it's all about. The "crypto" part does not describe the main properties - decentralization and openness, cryptography is simply a tool for achieving them, and doesn't necessarily bring those properties. "Currency" is a pretty narrow economic term, which refers to money in active circulation, but in our case we have digital units that can have many use cases and most notably they allow building applications on top of them. The "currency" part is also used by opponents to claim that they are in fact inherently worthless by pointing out their high volatility and lack of scalability - two factors that indeed make them almost unusable for daily transactions for average user at the moment.

Thoughts?

I dont care what is the term did the founder used in describing this kind of development. For as long as it doesn't violate the rules I'm okay with it. And the people are already used to it. They already accepted the word cryptocurrency fully and there is nothing wrong with that. More and more people are engaging cryptocurrency and if you are going to change that people might confuse or misinterpret it.

[warning_btc]

Yes i am agree with mean what cryptocurrency is scary word, Crypto - imself first time will be confus, but i dont have better term in my mind

[Intellectual Romanticist]

Recently I've started thinking that the word "cryptocurrency" does a pretty poor job at describing what it's all about. The "crypto" part does not describe the main properties - decentralization and openness, cryptography is simply a tool for achieving them, and doesn't necessarily bring those properties. "Currency" is a pretty narrow economic term, which refers to money in active circulation, but in our case we have digital units that can have many use cases and most notably they allow building applications on top of them. The "currency" part is also used by opponents to claim that they are in fact inherently worthless by pointing out their high volatility and lack of scalability - two factors that indeed make them almost unusable for daily transactions for average user at the moment.

Thoughts?

Do we always have to name something based on its properties?

Bitcoin was intended to be a storage of value that can replace Fiat money - hence it is called a currency.
Bitcoin is based on cryptography so it called a crypto-currency.


Let me give you an example.
Bicycle. Cycle - means round. Bi - means two or dual.
Bicycles were fast, at least, when they were first invented, they were the fastest mode of transport for man.
They were made of wood and/or metal.

So what do we call them? Do we call them fastmetalcycle? Do we call them bifastwood or biquickwoodcycle?

When naming things, people do NOT have to consider all qualities and functions of that thing.

[reliable]

I think the term is very hard for new comers to understand, and the term blockchain would be even harder.

But the word sticks in your mind, "Cryptooo" so I think it's a good term to be used.

I think cypto is generally used as a short term for the cypto currency and also it is the initial name which has being given and the appropriate for as already being kept. Their is no point now to even think if we want to change or no as nothing is going to happen now. Just thing this is the best name initiated for the relevant terms being used.

[onnz423]

What would you rather call it then? Digital gold? Virtual palladium? The moniker given to cryptos will not affect their success, and few people think of the literal meaning of a word before using it. We live in a world where people say hunded instead of hundred, and you think people are going to criticise BTC because of its name?

[Crypto Girl]

The term cryptocurrency derived from the word cryptography, the mathematical method of creating a cryptocurrency and i think it's the most accurate term to be use, but yes there are some term that can be put to call them like  altcoins, virtual currency etc... but it's difficult to change the term since it is already used to address these currencies in general.

[ohzeih5n]

I was thinking the same as you. I think that most of the people that don't believe in these currencies are afraid of the term "crypto"
I think that if we remove it that could be better. Because we will be compared to euro usd yen and other currencies but the problem of those coins that they are volatile..

[elisforciel]

It does sounds like kryptonite, which is kinda negative. But if people have the time to research more about it, it has its pros and cons. For instance, cryptocurrency is the digital medium for secured funds transaction. It has an ensuring feeling that there people who designed and willing to modulate this kind of stuff. So for the cons, there are trust worthy people that could handle it even if we don't see them, also the person must be aware of the risks. Rather wandering if it is righteous or not? The term is there and means what it needs to be, it's up to people if it sounds kryptonite or not. If they researched about it, maybe they would be invested to the wonders of cryptography and so on.

[mtemur]

кpиптoвaлютa coзвyчeй cлoв в пoлнe нopмaльнoe, тaк пo мнe мoжeт yжe кaк тo yлoжилocь в гoлoвe этo coзвyчиe))

[shinjunobi09]

I think the word crypto is kinda may sense as part of the development and technological part of our generations today because crypto kind fits in with currency and it's kinda in rhythm with the encryption part of the computer world today because in cryptocurrency we may not be safe from scammers and fraudsters but at least we are encrypted from the intervention of government and third parties.

[mharz]

I think the word crypto is kinda may sense as part of the development and technological part of our generations today because crypto kind fits in with currency and it's kinda in rhythm with the encryption part of the computer world today because in cryptocurrency we may not be safe from scammers and fraudsters but at least we are encrypted from the intervention of government and third parties.

Yes it is, crypto currency is a good terms, especially to mellenials, because people like mellenials are believe that all will gonna be easy. Thru technology everything gonna be happen.

Most of the people wants all transactions easier but effective, they want that in a blink of an eye all transactions will gonna be come true.

[cerealnac]

It's now part of the lexicon, so it would take an effort to change it. I don't find it to be a terrible name as the term is synonymous with security and anonymity which are the features that are attempting to be solved with a lot of the coins on the market.

[nickmax]

Recently I've started thinking that the word "cryptocurrency" does a pretty poor job at describing what it's all about. The "crypto" part does not describe the main properties - decentralization and openness, cryptography is simply a tool for achieving them, and doesn't necessarily bring those properties. "Currency" is a pretty narrow economic term, which refers to money in active circulation, but in our case we have digital units that can have many use cases and most notably they allow building applications on top of them. The "currency" part is also used by opponents to claim that they are in fact inherently worthless by pointing out their high volatility and lack of scalability - two factors that indeed make them almost unusable for daily transactions for average user at the moment.

Thoughts?

I agree that the cryptocurrency is not the best term, and it frightens some people. But everyone is used to it and it will be difficult to find a replacement for him.

[AdTraxis]

The term 'cryptocurrency' is good enough due to it's uniqueness. There are lots of Google searches on the word as many people are eager to find out what this weird word means.