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Author Topic: Why is Bitcoin called “Bitcoin”?  (Read 472 times)
Shasha80
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September 06, 2021, 03:58:34 PM
 #41

Bitcoin's real name is satoshi nakamoto. But it is called Bitcoin because there was proof of work money and it is recorded on paper it was one coin of gold. That's why its called Bitcoin

Everyone is free to think why it is called Bitcoin, but who knows the real reason why it is called Bitcoin is Satoshi Nakamoto as the creator of Bitcoin.
Unfortunately Satoshi Nakamoto disappeared without leaving a trace, so we don't know the secret of choosing the name Bitcoin. But that's not
important for us to know, whatever it's called, as long as Bitcoin provides benefits to many people, that's the most important thing.

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September 09, 2021, 06:10:11 AM
 #42

I must admit that i am still involving with banking system but not to the extent of my own funds are there because couple years ago i already withdrawn all
my funds in banks and transferred all to crypto and 40% into business.

though funds for my children remains inside banks because i want them to decide when time comes what to do on those funds,
and also i want assurance once there is something happen bad, at least they will still have funds to survive.

I think no one really knows about it and it will not make any difference if it was a little different name everyone only cares about growth of the bitcoin.
Of course none of us really knows what is behind it, But OP at least give a close idea on how the name might be taken.

There is no love and hate for no reason. Why did Satoshi Nakamoto name it Bitcoin? There must be a reason, and what we care about is not this, but what it can bring us? What can I use it for? Why can it be used? that's enough.
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September 16, 2021, 03:23:48 AM
 #43

i think there is no specific reason why satoshi nakamoto named it bitcoin, but i think he made it for the reason of not trusting the conventional bills and coins. and i think he made it bitcoin to pay homage to the word "bit" which is widely known binary system that the internet use, since bitcoin is basically what called an "Internet Money".



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September 29, 2021, 05:03:17 PM
 #44

Bitcoin is known as a type of cryptocurrency because it uses cryptography to keep it secure. There are no physical bitcoins.  Bitcoin called Bitcoin the only I know  It is a compound of the words bit and coin.

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