bitcoin, ethereum etc. cryptocurrency or digital asset?

[taufik0911]

earlier I apologize if my English is bad

This is what is always on my mind "bitcoin, ethereum, ripple etc. are cryptocurrencies or digital assets?"
have you ever thought that the naming of cryptocurrency is very influential on bitcoin etc.? because the naming of cryptocurrencies that are currently attached to bitcoin etc. makes bitcoin clash with government regulations relating to the applicable currency

what happens when the name cryptocurrency is changed to a digital asset? I think this will make it easier for bitcoin to be adopted in various countries because it doesn't conflict with financial regulations

I think the naming of cryptocurrency or digital assets plays a big role in the perspective and development of bitcoin

this is just my assumption, what do you think?

[Jating]

Do you mean crypto that has bitcoin name attached to it? Like the obvious fork coins BCH, BSV or BTG? Crypto enthusiast knows that they are fork coins so nothing much has change. As for the effect on bitcoin? the same approach, we know who is the true bitcoin so tit for tat.

And regardless of all the semantics, digital asset, digital gold etc or e-currency, it wouldn't have that much effect though, we can call all the names and change it, but still the fundamental are still there, use them as form of money.

[krisnajsadrak]

i think its better called digital assets my friend, because in my opinion its more valueable rather than cryptocurrency

[mksundip]

it seems that anyone's naming will have no effect on policy. because we know that the naming is only a symbol, but the contents of the naming remain the same. so the most important thing is to change the function of bitcoin and the obvious benefits that will make it easier for the government to give a positive signal to bitcoin

[batang_bitcoin]

While your thoughts are considerable, the digital asset is a class or type of investment and it's not about the naming whether bitcoin is a crypto or digital asset. Actually, bitcoin is both, a cryptocurrency and a digital asset that we're all like to hold. IMHO, it's not important whether bitcoin will be named as a digital asset because it will be classified into it. And bitcoin shall always be known as the most popular cryptocurrency. Not that matters if it's bothering you.

[aemma]

earlier I apologize if my English is bad

This is what is always on my mind "bitcoin, ethereum, ripple etc. are cryptocurrencies or digital assets?"
have you ever thought that the naming of cryptocurrency is very influential on bitcoin etc.? because the naming of cryptocurrencies that are currently attached to bitcoin etc. makes bitcoin clash with government regulations relating to the applicable currency

what happens when the name cryptocurrency is changed to a digital asset? I think this will make it easier for bitcoin to be adopted in various countries because it doesn't conflict with financial regulations

I think the naming of cryptocurrency or digital assets plays a big role in the perspective and development of bitcoin

this is just my assumption, what do you think?

Fiat currencies are hard or physical currencies that you can touch or feel. Then cryptocurrencies are currencies that you can not touch nor feel hence the name, so I think is it correct. Also, digital assets also means digital currencies, the word digital is as a result of the technological nature of the assets or currencies, so in the same way, digital assets or digital currencies is correct. Now looking at these two, you will understand both means the same thing, which is currencies which cannot be touched but are piloted and backed by the technology they depends on. So in my own opinion, whether they are called cryptocurrencies, digital currencies or digital assets, they all means the same thing, hence Bitcoin, Ethereum and so on falls under it, and represent by it.

[dondonk]

In my opinion, bitcoin is a cryptocurrency as well as a digital asset. all depends on each holder in considering it. Why ? because bitcoin, eth has both of these functions, besides being a digital asset, it can be a crypto-based currency that can be used to transact in the user community.

[aprilnot]

a name is still a name, so it won't matter. what makes the government dislike crypto is not the name. but from its advantages, crypto is a decentralized currency and because of this it is difficult to control crypto. governments do not accept things they can't control.

[jdnthny]

I think that regarding if the name is attached to bitcoin or not still it won't matter at all. I would agree to many of us that the reason why mostly all government dislike and disapprove the use of cyptocurrencies is because it is decentralized and the government cannot hold any right to do regulations on it that make them think that crypto is no worth for them.

[Jawhead999]

what happens when the name cryptocurrency is changed to a digital asset? I think this will make it easier for bitcoin to be adopted in various countries because it doesn't conflict with financial regulations

Have you search what is cryptocurrency before creating this thread? This is the result on my first search

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership

They already said cryptocurrency is one kind of digital asset, so many newcomers already know cryptocurrency is a digital asset. Even if they only know Bitcoin is a cryptocurrency, they will search what is cryptocurrency since they didn't know what cryptocurrency mean. Name is name, don't make it complicated.

Cryptocurrency doesn't get massive adoption since many regulation still ban bitcoin, saying bitcoin is scam and people worried about volatility.

[Oppo57]

Yes it is true that Bitcoin Ether and ripple can be declared as digital marketing. I don't think these online coins will clash with anything. I think the security of human resources can be further enhanced through this digital market.

[taufik0911]

after reading the reply, made me get new knowledge.
Bitcoin and other altcoins are cryptocurrencies and can also be called digital assets because cryprocurrency has fulfilled the classification as a digital asset which has a value

[bearexin]

There are really not that many digital assets in the world, crypto is probably the main one of them, I have no idea what classifies as digital asset but right now crypto could probably the biggest one there is out there in market size plus even though it is such a huge thing, it is incredibly easy to get into, hell if you are not worried about the amount, you could get some small amount from faucets, hence there is really no entry point towards crypto.

At the end of the day there is really no reason why calling it digital asset would change anything because it is already huge. What would crypto earn from a name change when it is already doing awesome, do you guys think we should have been a lot further into adoption right now? I feel like we are doing quite well enough.

[Ucy]

Well, I don't think it's necessary to deny the truth about something in order to suit the words or phrases use in national laws. The truth is that they are currencies (cryptocurrencies),  can also be called digital assets. What is wrong or immoral about calling them cryptocurrencies/currencies?

Governments can however choose to call centralized ones whatever reasonable they want, (maybe token?). They can even call the decentralized ones thesame thing but shouldn't stop crypto/decentralized communities or other people from calling them by their real name (cryptocurrencies).

[poodle63]

Crypto can also be categorized as the digital asset and you must see the digital yuan that has already issued by china's central bank. There was no a lot of differences but the only thing that makes it different is the digital asset issued by the government already comply with all of the regulations while crypto is still in the grey area.

[shoreno]

i thought your talking about the name (ex. bitcoin xxx )  . digital currency or digital asset is only a term to clasiffy them but i dont consider them as seperate name . there was a thread here last time that also talks how a crypto name can affect thier success. i was going to tell that that thread here are simillar to it but no not really.   btc , eth , and all cryptos are all digital assets/currency but they can also be call a cryptocurrrency and their acceptance will be the same

[Estehmanis]

I think it is not about naming because it may be changed the name would not affect the state policy , but the policy must also be meticulous in his function , useless if naming at a fox but his function remains the same and i think bitcoin,eth is his second crypto and digital assets

[leea-1334]

The best thing about this question is that the answer does not matter:) You are allowed to treat it as anything you want, digital asset, store of value, currency, independent money. In fact, some people treat it purely as speculative asset and they trade and whatever gamble with it, that is fine.

Demand and utility ignores all these aspects to my opinion:)

[Sanugarid]

Cryptocurrencies was designed to be a currency, it was a revolutionary currency out of cryptography to secure information codes. It is really made to be a means of payment until it evolves due to volatility and also the way that people adopt it. Bitcoin as the main example, reading its whitepaper labeled it as electronic cash but it was also made volatile that the price is dependent on the supply and demand. Besides, all you got that has a value is your asset, for crypto yes it is a digital asset when you own one.

I already thought of this before, I always think if it is really a currency or an asset but it comes to my mind that it falls for both category.

[rexxarofmoknathal]

While your thoughts are considerable, the digital asset is a class or type of investment and it's not about the naming whether bitcoin is a crypto or digital asset. Actually, bitcoin is both, a cryptocurrency and a digital asset that we're all like to hold. IMHO, it's not important whether bitcoin will be named as a digital asset because it will be classified into it. And bitcoin shall always be known as the most popular cryptocurrency. Not that matters if it's bothering you.

I agree the name matters little. It doesn't matter what you call BTC since it represents both a cryptocurrency which in turn is a type of digital asset. In fact I think very little will change from the regulatory point of view as this new era of cryptocurrencies is rival to fiat and governments won't go easy on it, specially when there's so much growing concern about anonymous and fraudulent activities.