bitcoin, ethereum etc. cryptocurrency or digital asset?

[Congyang]

I think a name between cryptocurrency or digital asset is a good thing in common. so maybe more emphasis is placed on functions so that the naming pattern can work according to its function

[tippytoes]

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:)

Yeah, it doesn't matter what do you want to call or categorize about these cryptocurrencies. As long as they are doing their job and providing their purpose, that's what matters most to me. You can't fool a regulatory agency just by changing its name because they already have take on this. But saying that they can have full control when it comes to crypto, I don't think so.

[Genemind]

Cryptocurrency is a digital asset and I doubt even if you change the way you call crypto it won't do anything. The main reason why they say crypto is against the government is not its name, but how it is created to function, it is to be decentralized. Changing the name of crypto will not change it's function.

[Bitum]

I understand the difference so: cryptocurrency is issued on a blockchain (encryption techniques are used) and digital assets which are built on top another layer of a blockchain.

[minairia3]

I think a name between cryptocurrency or digital asset is a good thing in common. so maybe more emphasis is placed on functions so that the naming pattern can work according to its function

There is a difference though. Yes both of them are cashless, but digital asset can be not on blockchain. Cryptocurrency means there is a blockchain used aside from being identified as digital asset. So when someone used the termed digital means its purely online system that can be accepted fiat and vice versa into affiliated third party app.

Like paypal its a digital asset but not literally cryptocurrency. Maybe different means for other but thats how I understand those term in general.

[jambul_kribo]

cryptocurrency included in digital asset but digital asset not sure be cryptocurrency. its totally different cause cryptocurrency was currency that based on programming code which is have value due its feature. not all of digital assets was good as investment portofolio some of them only have value but have no future value.

[mamesso]

Bitcoin, Eth and Ripple are often referred to as digital assets or virtual currencies, cryptocurrencies and digital assets are just a name that has been very popular to date, In other words, name only as a symbol or identification. the most important thing is the benefits we can feel, although digital currency cannot be touched or felt, its functions and uses are the same as fiat money issued officially by the state.

[masterrex]

IMHO, I think both names are applicable in Bitcoin and Ethereum because it was fit to call them like that "a cryptocurrency or a digital asset" for me it is not conflicting so why we just bothering ourselves about it. Just forget some technicalities it's better to stick into the layman's term so that it's easy to understand. that was my stand about it. "Cryptocurrency or Digital Asset" are both the same.

[pragna]

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?

As BTC or ETH deals crypto related funtions we can say its a crypto currency but at the same time we can say its a digital assets because  we can exchange this functions digitally. It would be more digital assets when globally it would be recognized and in this pandemic situation i think it has come for all like digital gold.

thanks.

[Jeger.Kiting]

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?

Actually the name of this cryptocurrency is already very attached to the minds of many people, and it is only a parable of the name so that it makes it easier for people to say it and remember it, the problem collides with licensing in my opinion Cryptocurrency is very widespread even in almost every country it can transact well and officials and entrepreneurs have absolutely no constraints regarding ownership or transactions in general, it is just a matter of name abbreviations that own and according to the meaning of Bitcoin and other coins, are called Cryptocurrencies which represent all digital assets.

Please correct if what I say is wrong !!

[piebeyb]

I prefer to call it digital money, but nowadays many people develop digital money in the form of payments using only QR codes, but digital assets are not too bad either, because I also keep them only as my digital assets and rarely spend like money

[yulchatar]

I'm more inclined to name digital assets. General, the very definition of the word "asset" sounds like "an object that has some value for its holder." Cryptocurrencies, of course, are not objects, but the name digital asset suits them perfectly.

[optimisticcm]

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?

Even if you call them digital assets they will still remain cryptocurrencies based on blockchain technology, obviously world, people, regulators, govts and their institutions are acknowledging and finally started to accept crypto as a legit thing so i do not know why we need to call them digital assets now.

[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.

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.

For people who don't understand what cryptocurrencies are or what bitcoin is. The easiest term for them to understand is to tell them that bitcoin is a digital asset or sort of digital money. That's easier for them to realize what bitcoin really is. In this time when many things are going badly with bitcoin due to the misuse of those scammers, they tend to think that bitcoin is bad without further understanding and reasoning what really it is.

[SistaFista]

I think cryptocurrency can become digital asset, think about security type token.
Security token is same as the share of the company, in other word it is an asset of the company.
To become a digital asset, i think cryptocurrency will need to be backed with something, like gold or fiat money for example.

[kerjakuat]

Cryptocurrency can be anything from digital asset,a digital fiat, a share of company and whatever it want to be. Projects that used cryptocurrency will create what is the purpose the tokens has being made and i believed the smart system that can get peoples to join their project will be a winner as long it really bring the benefit to the user.

[Valak]

have you ever thought that the naming of cryptocurrency is very influential on bitcoin etc.?

One of the cryptocurrencies in the world is Bitcoin. So before Bitcoin and Altcoin there was no word cryptocurrency. Bitcoin is the world's first digital currency. So obviously the naming of cryptocurrencies has an effect on Bitcoin.

makes bitcoin clash with government regulations relating to the applicable currency

Bitcoin's presence does clash with government regulations, or with the Fiat currency. Because Bitcoin makes world-class transactions easy without having an identity. (Anonymous)

what happens when the name cryptocurrency is changed to a digital asset?

Cryptocurrency names do not need to be converted into digital assets. Because cryptocurrency is a digital asset.
Your question confused me.

[zulfi125]

I think the name of cryptocurrency is not mattered for the legalization of Bitcoin. As you know, various counties already legalize the cryptocurrency, and digital asset names can be a little impact but not more for legalization so that you can mention different names of cryptocurrency, digital assets, and digital currencies.

[ololajulo]

I never thought the name or change of name could affect the adoption like the use and technology from cryptocurrency. I feel digital asset can convey cryptocurrencies and some other asset on blockchain, digital asset seems to be more than cryptocurreny IMO. I see a lot of development in the blockchain technology that give dynamic look to the technology and the use

[senyorito123]

I never thought the name or change of name could affect the adoption like the use and technology from cryptocurrency. I feel digital asset can convey cryptocurrencies and some other asset on blockchain, digital asset seems to be more than cryptocurreny IMO. I see a lot of development in the blockchain technology that give dynamic look to the technology and the use

Indeed, this is what I am looking forward to greater developments in the near future because as technology went more advanced; the world is adopting new kind of ways to adopt changes. Cryptocurrency asset is somehow doing more possible things happen, in example that is using digital payments diverted into cashless which could prevent any physical robbery to happen.
Most especially this time of pandemic, virus transmission through money is highly possible and I believed cashless form of payment would really be a good alternative and solution.