Should we Re-Brand Bitcoin?

[gasparyu]

There is actually no point in rebranding. Plus it will just cause confusion for the millions of users of bitcoin.  There will be so much to do if even that will happen.

[Zeque02]

My own opinion, its not useful to rebrand bitcoin because it already shows success. Many already know it as brand name. What best to do is just focus on upgrading the system so that it shows continuation.

[sanjeevbaweja]

Do you think Bitcoin needs some Rebranding?

Rebranding is the creation of a new look and feel for an established product or company. The usual goal of rebranding is to influence a customer's perception about a product or service or the company overall by revitalizing the brand and making it seem more modern and relevant to the customer's needs.

First off, the name is a bit confusing? - Most people see the name and associate it with some physical coin. The media is also not helping with this

perception, because with every article about Bitcoin, pictures are shown of physical Casascius bitcoins.

The other aspect of Bitcoin that can be rebranded is it's bad reputation that has been built up and shilled up ..over years.

Every company gets to a point where they need to re-think their original goals and future plans... Why not Bitcoin? We have come a long way

since 2009 and making small changes will help us to take this into a new future, without the baggage of the past.

What would the pro's and cons of this be, and also the impact?

Let's discuss 

NO, BITCOIN NEED NOT ANY BRANDING

[choychoy]

I don't see any logic why we need to re-brand a decentralize currency that has already established for 10 years and it's getting popular around the world. Changing the concept of bitcoin will lose the trust of those investors and this will add some loopholes on the blockchain.  

[margert]

Do you think Bitcoin needs some Rebranding?

Rebranding is the creation of a new look and feel for an established product or company. The usual goal of rebranding is to influence a customer's perception about a product or service or the company overall by revitalizing the brand and making it seem more modern and relevant to the customer's needs.

First off, the name is a bit confusing? - Most people see the name and associate it with some physical coin. The media is also not helping with this

perception, because with every article about Bitcoin, pictures are shown of physical Casascius bitcoins.

The other aspect of Bitcoin that can be rebranded is it's bad reputation that has been built up and shilled up ..over years.

Every company gets to a point where they need to re-think their original goals and future plans... Why not Bitcoin? We have come a long way

since 2009 and making small changes will help us to take this into a new future, without the baggage of the past.

What would the pro's and cons of this be, and also the impact?

Let's discuss 

I think that this is very difficult, you can see that recent bitcoin prices are showing signs of strong recovery, but can see that the market is still bearish, so bitcoin prices can still fall. strong at any time. Although bitcoin prices have increased, market capitalization has not increased sharply, indicating that volatility from altcoin is falling on bitcoin.

[Dudeperfect]

To be honest, I don't think that we need rebranding of Bitcoin at this stage because the growth is tremendous since inception and the momentum is still going on. I do see an adverse effect on the growth of Bitcoin instead of any benefits of rebranding. I think we should put more efforts in building awareness about it because of there many misconceptions among people regarding Bitcoin.

[irfandi hasan]

no need to rebranding for the name of bitcoin that over time has more and more demand, if you look at the purpose of bitcoin itself then there is no need for repetition for now.

I agree. obviously don't need to do a rebranding to names of the bitcoin. so just need to look at the market to analyze price decreases or does bitcoin ride again

[saLve88]

Most of crypto currencies will wither away as the market matures. Yet after talking to half a dozen people in every position across the industry, one thing is clear: Cryptocurrencies, through their names, websites, logos, and brands, resonate with people in ways far beyond getting rich quick. In a world where most of us feel helpless amidst big corporations and an indifferent government, we may define ourselves by the type of money we spend–and the special culture that our chosen coin represents.

[kucritt]

no, we dont need to rebrand the bitcoin, i think the rebarnd is just for the product that doesnt have the user or there are no one that want to buy that produt, but we can see in here that bitcoin have the good demand and the price of bitcoin is high because of this. so we dont need to rebrand a bitcoin

[keanne_isaac]

There arw lots of fork and new coins which already rebranding bitcoin and fix bitcoins flaws and dis advantages but still people and investors still patronize bitcoinand if you plan for another rebranding you would create another coin and i dont think people would patronize it.

[tungaqhd]

Do you think Bitcoin needs some Rebranding?

Rebranding is the creation of a new look and feel for an established product or company. The usual goal of rebranding is to influence a customer's perception about a product or service or the company overall by revitalizing the brand and making it seem more modern and relevant to the customer's needs.

First off, the name is a bit confusing? - Most people see the name and associate it with some physical coin. The media is also not helping with this

perception, because with every article about Bitcoin, pictures are shown of physical Casascius bitcoins.

The other aspect of Bitcoin that can be rebranded is it's bad reputation that has been built up and shilled up ..over years.

Every company gets to a point where they need to re-think their original goals and future plans... Why not Bitcoin? We have come a long way

since 2009 and making small changes will help us to take this into a new future, without the baggage of the past.

What would the pro's and cons of this be, and also the impact?

Let's discuss 

In my opinion, it isn't necessary because bitcoin is having a famous brand now after 10 years of growing.
We should pay our attention on solving current its problems like transaction fees and speed, security and making it become more popular.

[cposeidon]

Pro: Many investors will feel refreshed that bitcoin changes its face and have done some improvements (If they also plan to do some improvements about the coin).
Cons: More people will feel that bitcoin was irreplaceable and that it's rebranding might made it worse reducing the people who will go with the flow with the new and rebranded bitcoin.

[jessbaker27]

Rebranding will just cause confusion to the community. I think it is just nonsense to rebrand bitcoin since its name is already well-known all over the world.

[burakdat]

No because it will create confusions and conflict. We should respect the owner of bitcoin and that coin represent something we do not know that only the owner knows about it and we have to respect about it. Apparently bitcoin is one good name and in my own opinion that bit in bitcoin is something does related to a data in bits and coin as currency. So basically bitcoin is a very good name to describe the coin.

[Finestream]

Rebranding will just cause confusion to the community. I think it is just nonsense to rebrand bitcoin since its name is already well-known all over the world.

Yes.Bitcoin has already gained high popularity for the past 9 years.And it's not easy because bitcoin had experienced too much negativity from those judgmental people who barely never know the real value of bitcoin.But look at bitcoin now,it's still stands strong and firm.So i think there's no need to rebrand bitcoin  because people are already starting to love bitcoin even more.

[miyaka26]

I think yes becuase people do not trust bitcoins anymore. I trust just investment projects which I believe in for instance Socratus. It is a insurance ecosystem which provide a digital platform for insurance companies . So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem such as property, flight delay, cyber insurance and etc. Their main aim is to help insurance companies to reduce costs (it can be reduced from 15 to 25 %) and  get their business on new level. Also, they powered by Smart-contracts & Socratus Oracles.

Its either they lose their money from bitcoin because they knew it is the way to get rich faster or they don't know how bitcoin and crypto works at all for the people who say they lose their trust, rebranding can just cause confusion to let the BCH take the example for that plus bitcoin is not a company at all it is decentralized let alone the brand takes it's journey to the market rebranding is not a good idea at this point.

[Ghondronk]

I do not see any valid requirement for going for Bitcoin re-branding. It is true that it has been depreciated but still it is more valuable and doing better than most of the other coins as well as stocks. Hence, there is no such requirement at the moment.

[franciscoDC]

No i think its no! because bitcoin was already change many thing in our world and you could use it for many purposes like being alternative bank or stocking your money with some gaining or profit.

[Jolozxc]

For me we dont need a rebranding of bitcoin, i agree that many country think that bitcoin is scam and damaging it reputation about it, but bitcoin live a long time now i hope the best for it.

[Veterock]

I believe that rebranding doesn't make sense! Because the name of bitcoin is very popular and creates an aura of success around itself)