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Author Topic: Does anyone else think bitcoin is a stupid name?  (Read 3001 times)
corebob
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November 22, 2013, 07:27:36 PM
 #21

I always thought bitcoin was a good choice, appealing to techies and early adopters
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beetcoin
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November 22, 2013, 07:29:51 PM
 #22

it's a good name. i dont' see any other options that are better.
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November 22, 2013, 07:37:42 PM
 #23

I dunno, just 'credits' would probably seem confusing ("Hey, have you heard of Credits?"). I suppose Cryptocredit or Bitcredit would work, but pretty much every other cryptocurrency has a 'coin' suffix so it seems to be working ok so far.

I'm telling you man, whenever I explain this to people who are extremely non tech-savvy, I inevitably have to use pop-culture references anyway, and Credits are so well-known from sci-fi movies that it's what I end up using anyway.

At any case, the conversation doesn't go "Hey, have you heard of Credits?", Bitcoin is still the name for the technology. Just that when the time comes to explain how you get "Bitcoins", you say that you get Credits into your address in the ledger, and you can send Credits to other people in the system. That way you bypass the inevitable "But what is a Bitcoin?" question, where I always have to explain that there's no such thing as "a" Bitcoin, and that it's just credits moving around in a virtual ledger.

Personally, we're all here at least somewhat tech savvy, so you could call it the Dog's Bollocks for all I care and it would still make just as much sense to me. But when explaining to people who don't know and don't care for techy stuff, I have to use pop-culture references, and "Bitcoin" just doesn't cut it. Sci-fi authors have already done the work for us in preparing people for futuristic digital currency called Credits. Might as well capitalize on it.

Especially since you know eventually we'll all use Satoshis anyway. Just rename Satoshis to Credits and done.
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November 22, 2013, 08:48:18 PM
 #24

I think it's a fine name. It's catchy and somewhat understandable
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November 22, 2013, 08:50:19 PM
 #25

I think its a decent name, considering the fun new names the altcoin community has been coming up with. Tons of originality on that forum.

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November 22, 2013, 08:54:33 PM
 #26

using the word for "fake natural resource" would make me not want to invest into the currency. it's the avatar natural resource.
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November 22, 2013, 09:03:36 PM
 #27

i think it's a fantastic name, the masses are getting more techy with time and would "get it" as adoption increases.

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November 22, 2013, 09:09:33 PM
 #28

no its perfect. its already a brand. coca cola wouldnt change the name too.

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November 22, 2013, 09:15:45 PM
 #29

I immediately associated "bit" with "bittorrent," too - coin with cash. Decentralized cash. Seemed pretty straightforward.

Don't mix your coins someone said isn't legal
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November 22, 2013, 09:32:37 PM
 #30

I don't like it, but that's just my opinion, too simple name for a complex and new currency.
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November 22, 2013, 09:34:32 PM
 #31

NO.


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Probably
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November 22, 2013, 09:43:29 PM
 #32

The major issue with it is the reference to "coin."

People want to pluralize it "how many bitcoins do you have"
not "how much bitcoin do you have?"

The understanding that 1 bitcoin = 100000000 satoshis is not easy to grasp right away, or that you can have .21023943 "bitcoins" due to this common understanding of what a coin is.


lets say it was called Grargurr

you'd easily say "How much Grargurr do you have?" or "I am worth # Grargurr."

To put it another way, Gold.
I have 10 kilograms of Gold.  I have 10 one-kilogram gold coins.
Not "I have 10 golds."

 
So that's the main problem with it. But with something as disruptive as bitcoin is, i have no problem with it redefining how we think about "coins"


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November 22, 2013, 09:47:20 PM
 #33

we can call it Bitdollar  Tongue

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November 22, 2013, 09:50:15 PM
 #34

Bitcoin is not a "Stupid" name but I'm afraid the terms "bitcoin" and "mining" are barriers to adoption and add an unnecessary layer of obfuscation to noobs when trying to explain what it is.  When I send bitcoin I'll often send a link to the receiving address to the recipient on Blockchain.info for confirmation.

I can't tell you how many times I've been asked by a noob "How do I get my coins out of the block chain" or think they have to push the "request payment" button on blockchain.info to "get their coins."

  
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November 22, 2013, 09:51:47 PM
 #35

"digital cash" is probably more appropriate
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November 22, 2013, 10:07:10 PM
 #36

Since I first discovered Bitcoin, I think the name is straightforward, easy, funny, accurate and new. A powerful mix. I like it.

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November 22, 2013, 10:15:52 PM
 #37

but it is not a "coin"  which implies a physical thing.  That is the first hurdle you have to explain to the uninitiated.

What you control is a "password" or "key" or "private key"

which in turn controls "value"

hmmm "keyvalue"

"preceived" value

"preceivedkeyvalue"

or

"agreed upon" value

"agreekey"

"keyagree"
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November 22, 2013, 10:22:31 PM
 #38

"digital cash" is probably more appropriate
Paypal could also called "digital cash"

but it is not a "coin"  which implies a physical thing.  That is the first hurdle you have to explain to the uninitiated.

What's about Bitcash? I think it doesn't sound worn out

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November 22, 2013, 10:31:44 PM
 #39

I have always been reluctant to "bitcoin" too, but after it's been pronounced differently by different mouths during the last senate public hearing, I learnt to like it.

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November 22, 2013, 10:34:04 PM
 #40

I have always been reluctant to "bitcoin" too, but after it's been pronounced differently by different mouths during the last senate public hearing, I learnt to like it.

True.  The name is here to stay.  It just has its challenges.
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