I don’t like the term “crypto”

[B1-66ER]

Anything that uses blockchain is crypto. So bitcoin is crypto!

That's so untrue! IOTA doesn't have a blockchain... All transactions are recorded on a private ledger. The point wasn't even based off of the fact that cryptocurrencies don't have blockchain so what are you saying?

Excuse me, I was wrong. I don't really mess around with alts much, but you're right. I think IOTA uses something called Tangle (correct me if I'm wrong), and it doesn't solve blocks or something like that? To be fair, its functionality is very similar to blockchain.

I prefer the term "timechain" because it highlights Bitcoin's function as a chronological record of transactions, just like Satoshi Nakamoto envisioned...

Source: Bitcoin Magazine Article
BITCOIN’S BLOCKCHAIN IS THE TIMECHAIN, LET’S CALL IT THAT
Calling Bitcoin’s blockchain the “timechain” would honor Satoshi’s intention and help clear up altcoin misdirection.
https://bitcoinmagazine.com/culture/bitcoins-blockchain-is-the-timechain

BTC>

[ancafe]

BTC> I don’t like the term “crypto” …Not only because it distorts the field of cryptography, but it is also very much related to scam schemes, perpetrated by individuals who have 70% pre-mined coins, create pseudo-decentralized systems, and register trademarks, among other tactics…

No one is asked to like and you are free to express your opinion in a public space like this, the connection between fraud and crypto is always a distortion and even Bitcoin itself is always associated with it. An important lesson that we can learn is a person's way of thinking because fraud does not occur if people do not feel guilty about accepting information without verifying it first. In fact, what I see is that this industry is increasingly developing because of the term crypto because public media will continue to play its role as a place for promotion.

I'm just making an analogy but for different individual understandings because I don't have an argument to refute the facts. So whatever you call it, perhaps the level of fraud is not based on the name of the product but rather the stupidity of individuals who cannot verify its truth. So where is the mind as a place to process truth if it is not used?

[big kid]

Hate it or love it, Bitcoin is Crypto. No matter how you want to treat it, it is a cryptocurrency just like we have many others. What I get from people most times is how they think that crypto is a scam and this is always caused by some altcoin, etc. So any thing said about crypto in general or accusations about it still ends up hitting all innocent cryptocurrencies, especially Bitcoin. But it is what it is.

Exactly, that's my thought. Yeah, there are a lot of scams in the crypto space, but scam schemes always existed with fiat too, people still use it, and they don't have the word "money" or "currency". Not calling BTC crypto because there are other coins that are used to do shady stuff is like not calling yourself an American, when you're an American, just because you don't like what some other Americans do. That doesn't define you, just like it doesn't define BTC.

[Questat]

Crypto would not have that looks and such a bad reputation if there were no scammers that existed in the real world. We blame them as they are the main reason why many people are afraid to invest and think that crypto in general is a Ponzi Scheme. No matter what we do and even if it is not named crypto, these scammers will destroy it.

Might giving a new name is somewhat helping to avoid confusion but most of all, proper education is definitely what we need. More people buy Bitcoin, yet they don't have knowledge about it which still ends up losing them and falling into using fake wallets, exchanges, etc.

[EarnOnVictor]

What I can conclude is that I am reading from a joker , you are just playing, nothing more. I know you wrote this just because you want people to read what they like about Bitcoin...lol. But in reality and fairness, bro, get used to it. Bitcoin is already a big name in the cryptocurrency market which I also appreciate so much, but there is always need for a healthy competition in the system. I wondered what would happen if there were no alternatives when the Bitcoin transaction fee hit almost $200 a few days ago, and I've not seen a year in which we do not have too many issues with the fee structure. Maybe your transaction hasn't been delayed for way too long, you will know the difference. As much as I appreciate Bitcoin, I can't but praise other useful coins too.

About the issue of the transaction, I've had my fair share of almost 2 months of transaction delay, so get used to Cryptocurrency as those alternatives which make it called Cryptocurrency since it's not Bitcoin alone are doing many things Bitcoin is not capable of doing whether you like it or not.

Lastly, they are all Cryptography projects that deal with Currencies, so the two terms formed Cryptocurrency. I wonder how it will be reasonable for Bitcoin to be Crypto-Currency alone when others have the same characteristics/properties and capability as itself.

[m2017]

Ok, well. You don't like the term "crypto" but what do you suggest? What do you think the cryptocurrencies should be called? How do you propose to change an already established concept? Should the name be forked just because a bunch of people don't like the term "crypto" ? And the world will be divided into those who call crypto a "crypto", and others - "somehow differently".

The whole world already knows the term "crypto", whether you like it or not, and you won't change anything about it.

Stop suffering from nonsense by focusing on unimportant things.

[aoluain]

crypto is more of a shortened word for all cryptocurrency

however some define individual coins differently
digital assets, digital commodities, tokens, coins, meme-stock, crap coins
deflationary currencies,

there is no law on how you define it, there is no law forcing everyone to call bitcoin a 'crypto'.
just use terms that describe them properly(good adjectives/nouns) and make the descriptor popular

and also "Cryptography" which is what all Crypto "projects" are based on.

Unfortunately because of the negative rhetoric over the years from financiers, politicians and news outlets
Bitcoin was primarily at the centre of their attacks. Now even though Bitcoin has garnered a better view
from the groups above it is seen to be included in any report about scams or negativity about $hitcoins
in the news. They obviously dont/cant differentiate the difference between Bitcoin and Crypto/$shitcoins.

Unfortunately, it is what it is and really nothing is going to change.

[Jawhead999]

What do you think the cryptocurrencies should be called?

Altcoins.

How do you propose to change an already established concept?

This is the hardest part and I don't think everyone will learn about that.

Most people is rarely call cryptocurrency with altcoins or shitcoins, even someone told them to call it altcoins, they won't learn.

Just like people who say P2P in Binance or Paxful is P2P, while essentially it's not real P2P since Binance or Paxful is still become intermediary.

Whenever I hear someone say "crypto" all I think is related to scam, pump and dump, no utility, dead coin etc.

Whenever I hear someone say "Bitcoin" he know what he talking about.

[Iranus]

Hate it or love it, Bitcoin is Crypto. No matter how you want to treat it, it is a cryptocurrency just like we have many others. What I get from people most times is how they think that crypto is a scam and this is always caused by some altcoin, etc. So any thing said about crypto in general or accusations about it still ends up hitting all innocent cryptocurrencies, especially Bitcoin. But it is what it is.

Exactly, that's my thought. Yeah, there are a lot of scams in the crypto space, but scam schemes always existed with fiat too, people still use it, and they don't have the word "money" or "currency". Not calling BTC crypto because there are other coins that are used to do shady stuff is like not calling yourself an American, when you're an American, just because you don't like what some other Americans do. That doesn't define you, just like it doesn't define BTC.

Even if bitcoin were completely separate from cryptocurrencies, but with such high profit potential and volatility, I believe scammers would come up with scams and label bitcoin projects of them. There's no way to avoid those.

The cryptocurrency industry is only in its early stages and is free, so it is inevitable that fraudulent projects will be created unchecked. But I believe that as things develop and regulations are introduced, scam projects will gradually disappear, but besides that, we will pay the price of no longer being free.

People who support OP's ideas are because they are bitcoin maximalists and they hate altcoins, but they will never change the fact that bitcoin is an important part of the crypto industry   .

[Crypt0Gore]

I smell full Bitcoin maximalists on here, I can't help but think that you all hate altcoins that's why crypto would somehow to you guys, it's fine by me but instead of this dodgy move let's discuss about why altcoins shouldn't existed in the first place.

Let's assume that ALTs never existed, and only Bitcoin is alive right now, why shouldn't I call Bitcoin a crypto if I don't want to say the full cryptocurrency, even the dictionary says..



You see that? Decentralised cryptocurrencies such as Bitcoin, hahahaha, it is what it is.

Bitcoin is crypto, if you don't like it, maybe by definition? Get used to it, or try changing it, if you can.

[kryptqnick]

I agree that cryptos do have some negative reputation attached to them, thanks to all the scams, and that the term can be confusing. But I agree with mk4 that it's too late to change things because the term is already too popular.
What we can do is just use the word Bitcoin more. After all, most of the time that's what we're referring to anyway, and most cryptos aren't worth discussing. Those that are can also be mentioned by name when we're talking about them.

[legendbtc]

I smell full Bitcoin maximalists on here, I can't help but think that you all hate altcoins that's why crypto would somehow to you guys, it's fine by me but instead of this dodgy move let's discuss about why altcoins shouldn't existed in the first place.

Let's assume that ALTs never existed, and only Bitcoin is alive right now, why shouldn't I call Bitcoin a crypto if I don't want to say the full cryptocurrency, even the dictionary says..



You see that? Decentralised cryptocurrencies such as Bitcoin, hahahaha, it is what it is.

Bitcoin is crypto, if you don't like it, maybe by definition? Get used to it, or try changing it, if you can.

Bitcoin maximalists are pulling out all the stops to completely separate bitcoin from altcoins or seek to eliminate altcoins altogether. In addition to the fact that they think altcoins are trash and useless, they are also concerned that the development of altcoins is increasingly reducing the dominance of bitcoin. But in the end, they cannot change anything.

What I'm more curious about are the people who keep posting articles and comments expressing that they hate altcoins. Are they really not secretly investing in altcoins and hoping to get rich quick from it? I also don't think everyone here hates altcoins and doesn't invest in them.

[Z-tight]

Bitcoin maximalists are pulling out all the stops to completely separate bitcoin from altcoins or seek to eliminate altcoins altogether. In addition to the fact that they think altcoins are trash and useless, they are also concerned that the development of altcoins is increasingly reducing the dominance of bitcoin. But in the end, they cannot change anything.

You are obviously missing the point, altcoins are not reducing the dominance of BTC, rather they are giving people the wrong impression about BTC, especially people who do not understand a lot about the industry. I don't know the development you talk about in altcoins, all a lot of us see is dead coin, pump and dump, failed projects, no usefulness, etc. This is why bitcoiners do not like when people call BTC crypto, because it is very different from altcoins.

[Bobbie Sn]

Hate it or love it, Bitcoin is Crypto. No matter how you want to treat it, it is a cryptocurrency just like we have many others. What I get from people most times is how they think that crypto is a scam and this is always caused by some altcoin, etc. So any thing said about crypto in general or accusations about it still ends up hitting all innocent cryptocurrencies, especially Bitcoin. But it is what it is.

Totally agree!

[Y3shot]

Whenever I hear the word cryptocurrency I just get a flash in my head of all the altcoins I can remember. I don't see bitcoin as cryptocurrency,  I call bitcoin as bitcoin.  I think bitcoin stands on it own and should not be classified as cryptocurrency with altcoins.  Even if people don't like to refer bitcoin as cryptocurrency but when cryptocurrency is being addressed their is no how you won't remember bitcoin even if the name does not really suit it. It so unique that when you take away bitcoin from cryptocurrency all others are sub-classified as altcoins.

[BADecker]

Boris Karloff and Vincent Price would have loved the term 'crypto', if they had lived long enough to see it. Both of these movie stars made all kinds of movies about the dead, and 'crypts'.

[franky1]

crypto is more of a shortened word for all cryptocurrency

however some define individual coins differently
digital assets, digital commodities, tokens, coins, meme-stock, crap coins
deflationary currencies,

there is no law on how you define it, there is no law forcing everyone to call bitcoin a 'crypto'.
just use terms that describe them properly(good adjectives/nouns) and make the descriptor popular

and also "Cryptography" which is what all Crypto "projects" are based on.

Unfortunately because of the negative rhetoric over the years from financiers, politicians and news outlets
Bitcoin was primarily at the centre of their attacks. Now even though Bitcoin has garnered a better view
from the groups above it is seen to be included in any report about scams or negativity about $hitcoins
in the news. They obviously dont/cant differentiate the difference between Bitcoin and Crypto/$shitcoins.

Unfortunately, it is what it is and really nothing is going to change.

for centuries people used to hoard wealth
now people see hoarding as something poor people do with your waste

so now they say hodl
people do not have laws that assert they should always use a term.
people can invent a new word and if it makes people like using the new word people will use it

so go ahead make a new term
EG just stop using the word crypto and instead use digital currency.
or make a new word

[vapourminer]

four terms you need to know if you want to be taken even slightly seriously

bitcoin = bitcoin
crypto = bitcoin + altcoins
coin = has its own blockchain
token = rides on another blockchain

feel free to correct anything as im no authority and you especially shouldnt take me seriously

[The Cryptovator]

If like or not, terms are not going to change. It depends on how you recognise the terms. Cryptography is a short form of cryptography. Those currencies were created by using cryptography, which we called cryptography. It's pretty simple: Bitcoin was created using cryptography. So we call it a cryptocurrency. Cryptography makes a difference between traditional fiat and cryptocurrency. 

[Jon pyagbara]

It's pretty interesting, OP!
As an ordinary member of the forum, I am of the opinion that there is no problem with using the term crypto. Because of this forum I think every member here is well aware of the difference between crypto and Bitcoin. That is, by comparing the two, one can recognize that Bitcoin is Bitcoin and Altcoin is Altcoin. So if someone uses the word crypto here, it does not mean scam, because the people of this forum know that all crypto is not a scam scheme, but the foundation of cryptocurrency is Bitcion, so Bitcion is also included in this cryptocurrency. If a person calls all cryptocurrency a scam, his claims will definitely be implied on Bitcoin, which is also a scam. but in fact it doesn't make sense to me.
 
So it is true that when people hear the name crypto, scams, shitcoin, or pump dump, they come to mind, but in fact it is not a cryptocurrency scam scheme, some things have been defamed by shitcoin and scam coins. And now this crypto word has become popular among people. Now it is difficult to understand these people.

I agree to you, Bitcoin is Bitcoin and altcoin is altcoin, when you hear the word crypto the first thing that comes to mind is Bitcoin,  because it is the most reliable digital asset right now,  crypto is a name we have all gotten used to and know the difference so I don't really see a problem with that, my opinion though.