I don’t like the term “crypto”

[oktana]

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.

Yes. But thinking further about this; Even if Bitcoin was not called crypto and it stood in its own, people will still call it scam and say all sorts of things. This is because some people have been scammed in Bitcoin and so they perceive it as a device for scammers. I mean people who have been scammed of their Bitcoin. Make no mistake, they are ignorant about it because in the actual sense, Bitcoin is just money and it’s not the cause of the scam.

[1714930708]

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[ancafe]

Yes. But thinking further about this; Even if Bitcoin was not called crypto and it stood in its own, people will still call it scam and say all sorts of things. This is because some people have been scammed in Bitcoin and so they perceive it as a device for scammers. I mean people who have been scammed of their Bitcoin. Make no mistake, they are ignorant about it because in the actual sense, Bitcoin is just money and it’s not the cause of the scam.

I want to say this? that fraud has occurred long before bitcoin was launched and in fact there have been many cases of fraud, including those involving fiat currency itself. Ordinary people do not know why they are cheated because perhaps the knowledge they have, so they give the same value is all related to the fraud they experience. Even though this fraud is individual in nature, it is carried out by individuals and they themselves are not able to verify its truth before deciding to do it.

Bitcoin is not a moving object and automatically it cannot deceive people, in fact people use Bitcoin to deceive stupid people who are unable to compare its truth value. Long before Bitcoin developed rapidly, there were many types of fraud that occurred and people didn't even know they had been cheated. The reason is because people don't try to find out the level of truth so it's easier to find ways to cheat.

[rvertes]

Can not disagree with this topic . the other thing I cant stand is the terminology like Pump and Hodl makes it sound childish or sketchy IMHO.

[Minor Miner]

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.

Yes. But thinking further about this; Even if Bitcoin was not called crypto and it stood in its own, people will still call it scam and say all sorts of things. This is because some people have been scammed in Bitcoin and so they perceive it as a device for scammers. I mean people who have been scammed of their Bitcoin. Make no mistake, they are ignorant about it because in the actual sense, Bitcoin is just money and it’s not the cause of the scam.

I still remember many years ago when many altcoins had not yet appeared and the market was flooded with HYIP projects promising high interest rates. And to participate in these projects, people need bitcoin to be able to invest. The result is as you know: 100% of HYIP projects are scam and ponzi models. It can be said that bitcoin has been called a scam since that time and not because of later altcoin projects.

Obviously everything comes from and is created by human behavior, and blind greed has caused many people to be scammed, but they always find ways to blame others instead of admitting their ignorance. Besides, there are also many people who have just joined the market in recent years, they don't know anything but try to appear knowledgeable and make nonsense judgments.

[God bless u]

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…

The term ‘crypto’ brings to mind Schneier, B. (2015) ‘Applied Cryptography: Protocols, Algorithms, and Source Code in C. 20th Anniversary Edition.’ Indianapolis, Indiana: Wiley. in Chapter 1…”

A message is plaintext (sometimes called cleartext). The process of disguising a message in such a way as to hide its substance is encryption. An encrypted message is ciphertext. The process of turning ciphertext back into plaintext is decryption. This is all shown in Figure 1.1.

(If you want to follow the ISO 7498-2 standard, use the terms “encipher” and “decipher.” It seems that some cultures find the terms “encrypt” and “decrypt” offensive, as they refer to dead bodies.)

The art and science of keeping messages secure is cryptography, and it is practiced by cryptographers. Cryptanalysts are practitioners of cryptanalysis, the art and science of breaking ciphertext; that is, seeing through the disguise. The branch of mathematics encompassing both cryptography and cryptanalysis is cryptology and its practitioners are cryptologists. Modern cryptologists are generally trained in theoretical mathematics—they have to be.

That’s why my mantra is “Bitcoin NOT Crypto”..
BTC>

Ahh only because you can't learn about it in the right way or you can't implement what you've learned in the right way you are performing an opinion about a system. It's true to some extent that scams are involved in crypto and especially nowadays people are very much effected by it but that will not reduce the popularity of crypto.

Due to its high profits people will join it continuously. Only what we have to do is to launch awareness programs to safeguard people from scams. Exchange should also play a role in that and they are trying to some extent also.

[pinggoki]

To be blunt, nobody likes the term crypto but can we do something about it? No, we cannot do a thing about it and I have started using terms like Bitcoin and altcoins or sometimes crypto/Bitcoin. I guess now it inevitable as everyone addresses it as crypto and some of my friends use crypto as the first time even when they are referring to Bitcoin. There are certain other terms like NFT which I don't like for strange reason but we gotta live with it as it doesn't matter what we think Lol.

We can stop using that term to describe cryptocurrency or bitcoin, that way we will eventually not talk about it and get used to not using that term. We can't probably get rid of it but we can always try to do it right? Plus cryptocurrency is a general term and I think that people that don't have a common sense will be the ones that would have a hard time differentiating cryptography and cryptocurrency, there's also the fact that when you're talking, it's almost always that there's a context on what you're talking about and if it involves crypto and you can't differentiate there then it's not a semantics problem, it's a you problem.

[davis196]

I agree with your statement. "Crypto" means "hidden" and there's nothing hidden in Bitcoin's protocol and blockchain. They are transparent.
Unfortunately, the word "crypto" is easy to remember and it became widely adopted as a term. Maybe that's why I feel a little bit cringe every time the mainstream media mentions "crypto" or "cryptocurrencies". All the cryptocurrencies are digital currencies and maybe the term "digital currency" is better than "cryptocurrency", even though digital fiat money and CBDCs are also included in this category.
Anyway, I don't think that term "crypto" is ever going to be replaced by something else.

[btc78]

Actually i think it is quite fitting. Cryptocurrency is known to be decentralized and anonymous hence why the word crypto typically associated with cryptic meaning hidden seems about right.

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…

That’s true crypto has been involved in so many scams that people tend to associate it with every scam in the world. I think we just need to explain it further what crypto is to prevent any more misunderstandings

[Razmirraz]

The term Crypto or Cryptocurrency is a term for digital or virtual currency that does not have a real form like coins or paper money. Bitcoin is a type of cryptocurrency among many other cryptocurrencies, the difference from other coins is that Bitcoin is the first and largest that has ever existed.
Like it or not, the use of the word crypto has been known almost throughout the world and almost no one has been able to change it until now. When people mention the word Crypto, other people's minds immediately focus on Bitcoin because the term has been attached to a digital asset that can be used for transactions between users without needing to go through a third party.

[Marvell1]

Yes. But thinking further about this; Even if Bitcoin was not called crypto and it stood in its own, people will still call it scam and say all sorts of things. This is because some people have been scammed in Bitcoin and so they perceive it as a device for scammers. I mean people who have been scammed of their Bitcoin. Make no mistake, they are ignorant about it because in the actual sense, Bitcoin is just money and it’s not the cause of the scam.

I want to say this? that fraud has occurred long before bitcoin was launched and in fact there have been many cases of fraud, including those involving fiat currency itself. Ordinary people do not know why they are cheated because perhaps the knowledge they have, so they give the same value is all related to the fraud they experience. Even though this fraud is individual in nature, it is carried out by individuals and they themselves are not able to verify its truth before deciding to do it.

Bitcoin is not a moving object and automatically it cannot deceive people, in fact people use Bitcoin to deceive stupid people who are unable to compare its truth value. Long before Bitcoin developed rapidly, there were many types of fraud that occurred and people didn't even know they had been cheated. The reason is because people don't try to find out the level of truth so it's easier to find ways to cheat.

Scam happens between people, so it can be said that scam comes from human behavior, while bitcoin, fiat, altcoin... are all just tools for scammers to use to scam others. Even if bitcoin and altcoins did not exist or only bitcoin existed in this world, there would still be scams.

Those who blame bitcoin or altcoins for being scams are people who lack knowledge and are stubborn, unwilling to admit their mistakes because they are too greedy and fall into the traps of scammers. Scammers and those who get scammed all come from their own greed, don't try to blame any tool just for your stupidity.

[vapourminer]

the other thing I cant stand is the terminology like Pump and Hodl makes it sound childish or sketchy IMHO.

you musta loved this then

[legendbtc]

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.

If you check bitcoin dominance in 2015 and 2017, you will see that bitcoin dominance was 80% of the market capitalization, but from 2021 to now, bitcoin dominance is only at 50%. Imagine the rise and stronger development of altcoins in the coming years, how much will bitcoin's dominance remain? This is what has been happening and many maximum bitcoin investors do not like this at all.

Besides many failed altcoins, there are also many projects that are becoming more and more mature. If you put aside your ego, set aside your rigidity, and take the time to learn about altcoins, you will see why they can still exist and thrive to this day.

[BADecker]

^^^ Seems to me that people don't recognize that ETP's are investments that should be bringing the price of Bitcoin down. It's these people who are causing the rise of Bitcoin value.

https://duckduckgo.com/?q=bitcoin+in+authorized+government+contracts&ia=web

[wiss19]

To be blunt, nobody likes the term crypto but can we do something about it? No, we cannot do a thing about it and I have started using terms like Bitcoin and altcoins or sometimes crypto/Bitcoin. I guess now it inevitable as everyone addresses it as crypto and some of my friends use crypto as the first time even when they are referring to Bitcoin. There are certain other terms like NFT which I don't like for strange reason but we gotta live with it as it doesn't matter what we think Lol.

Nobody? No, you are not sure with that. For me, there is nothing wrong in the term Crypto and the reason why it's called like that is because it's a shortened word for Cryptocurrency. There is still a way to avoid it if you don't like it. You already did it in fact when you use the term Altcoins and Bitcoins.

There are also Tokens, NFT's, and other more specific terms to identify a certain Crypto. BTC is a Crypto, so there is nothing wrong there when your friend call Bitcoin like that and don't say that it doesn't matter what you think because if it's true then you should not came out with a confession that you hate the term Crypto, NFT, and others...

[Pandu Geddon]

That’s why my mantra is “Bitcoin NOT Crypto”..

there is nothing wrong with your thinking. but the term is very popular nowadays and most will accept Bitcoin as part of the term. So there is no need to strongly oppose your or your friends' thoughts. just keep it to yourself and enjoy it.
however, Crypto Exchanges or Crypto casinos still accept Bitcoin and everyone enjoys it.

[Zigabel]

It's actually true according to what OP is stating in the fact that some words actually serve as trigger to certain persons on certain subject matter like in this case there are persons who the word crypto could actually mean something that will trigger a bad memory probably in the case that they have lost a fortune otr more to some persons who probably came in the guies of crypto and than so is Bitcoin too , sadly I've come across certain persons who has been ripped in the guies of Bitcoin investment and as such they get triggered if terrible memories when they get to hear the word Bitcoin but then it's still wouldn't stop the fact that the word will still be uses regardless.

Crypto is actually a unifying name for both Bitcoin and other currencies in the likes of Bitcoin which we some times reference as Altcoins so if you are using the mantra Bitcoin i think it may not be enough to be able to distinguish between other coins and Bitcoin aswell. I think using Bitcoin and Altcoins will help better if you can adopt this into your mantra so you can be able to properly distinguish when you are making reference to other coins.

[Natsuu]

That’s why my mantra is “Bitcoin NOT Crypto”..

there is nothing wrong with your thinking. but the term is very popular nowadays and most will accept Bitcoin as part of the term. So there is no need to strongly oppose your or your friends' thoughts. just keep it to yourself and enjoy it.
however, Crypto Exchanges or Crypto casinos still accept Bitcoin and everyone enjoys it.

I also think that there's nothing wrong for using the term crypto in general. It was made so that normal people who cannot get to understand what digital money is would be able to. It would be easier the describe and introduce what Bitcoin is and all other Alt coin as cryptocurrency. Both aims for decentralization of every transaction. That's just the root of it.

[Smartvirus]

As logical as your reasons might be or as I see it now, it is what it is in the end. The term has come to differentiate the development for a niche and that’s just it. The rest of us who are very much concerned about a distinct difference between Bitcoin from the rest of them altcoins out there will always note the difference, even go the length to note Bitcoin to be different from bitcoin of you follow me through.
One thing is for sure though, Bitcoin through all these have got a name for itself such that, who ever pays attention when it comes to an investment in the cryptocurrency industry will always find his or her way to a Bitcoin purchase. That’s just how I like to imagine it as, Bitcoin would always set itself apart.
It’s the only coin with a market capitalization running into trillions of dollars, respect that!

[Asuspawer09]

Isn't this just a matter of preference? I mean some people might not like the word "crypto" for sure but for some, it might not be an issue at all, personally, it doesn't really matter to me, I wasn't aware of some of the parts that you said, I've some the word "crypto" most of the time just for short of the work cryptocurrency, since applicable as long as I know that they understand what I'm talking about.

I mean there was nothing that we could do about these things anymore I think, most of the people I guess know cryptocurrency as crypto for sure if you're going to google search the work crypto, cryptocurrency is the one that is going to appear probably based on what this trending or what the people is looking for on google most of the time crypto for sure would refer to cryptocurrency, not on other words.

As long as people can understand what your saying if you're going to use the word crypto I guess just make sure it is appropriate to its setting I guess, like here in the forum if you use the word crypto for sure your referring to cryptocurrency if your going to use that on another setting they might refer it to other things so you could explain that to them, most of the news on the Internet already uses the would Crypto as well so its already a general term I guess and a short for cryptocurrency. Anyway just use what you want to use as long as people understand the message you gave it is terms don't matter.

[mirakal]

Not a fan of it either because cryptography aside, 'crypto' sounds so edgy like it's some sort of teenager counterculture thing. But yea what can we do — it's now pretty much a household word that it's too late to change. Even 'DeFi' and 'WEB3' didn't stick as much as 'crypto'.

Not that fan also. But the fact that it’s given already and all we can do is just to accept it wholeheartedly most especially that it’s giving us the exceptional profits that no any other type of investment can offer. To be honest, crypto sounds more of a scam feature, but we all know that it’s not like that. And with our valuable experiences with crypto, all I can say that whatever its name denotes, the fact that we are benefiting from it most often, then we should just live with it.