Bitcoin defined

[Brewins]

"What's in a name? that which we call a rose. By any other name would smell as sweet"


Why so much discussion about what bitcoin should be called? What matter is what it is

[rapport]

Another idea: "digital gold".  (Gold is usually not described as a _____ currency)

[Brangdon]

Hi, is it correctly labelled digital currency, virtual currency or cryptocurrency ? Which label will prevail ? Thanks

Distributed crypto-currency. "Distributed" is important to be clear that there is no central government or organisation backing the currency, but is usually inferred.

I prefere digital. Everyone knows what "digital" is (no they actualy do not know but they think they do so it's cool).

It's not specific, though. A private currency like Amazon Coins is digital.

Crypto is too much "secret"

"Crypto" is accurate. Being based on cryptography is one of the defining attributes of this kind of currency. And words like "secret" or "private" aren't necessarily bad.

[Gianluca95]

Hi, is it correctly labelled digital currency, virtual currency or cryptocurrency ? Which label will prevail ? Thanks

Simply. Bitcoin is a cryptocurrency, which use for algorithm SHA-256.

[cim46]

hang on, what about "CryptoCoin" ? is that better than "CryptoCurrency" ? cheers

[wordman267645]

I preferred as a cryptocurrency..

[SilenceDogreat]

"What's in a name? that which we call a rose. By any other name would smell as sweet"

Why so much discussion about what bitcoin should be called? What matter is what it is

Imagine we called a rose an ass though - "awww, these asses smell great hon!"


I get your/Shakespeare's point, but if I'm describing it to someone for the first time:

"Cryptocurrency" for a) people familiar with math/tech/etc. that may have an idea of what cryptography is.  
b) people I think may not understand right away but might be intrigued solely based on the sound of "crypto".
"Digital currency" for people who aren't a or b, or that I don't know well - at least to start with some frame of reference.

[bornil267645]

cryptocurrency

[SilenceDogreat]

Crypto- does SOUND the best to me as well.

[Mightycoin]

Crypto currency and digital currency suits perfectly. In future it will be called digital currency ..

[arbitrage001]

Won't be too long before another branch of virtual currency is branch off.

Bitcoin: PoW cryptocurrency.