Ethos (Credibility), or ethical appeal, means convincing by the character of the author (or of the crypto in our case). We tend to believe people whom we respect. One of the central problems of argumentation is to project an impression to the reader that you are someone worth listening to, in other words making yourself as author into an authority on the subject of the paper, as well as someone who is likable and worthy of respect. Crypt-currencies have established their Ethos, we know that it is legitimate. We believe in it.
Logos (Logical) means persuading by the use of reasoning. Giving reasons is the heart of argumentation, and cannot be emphasized enough. Crypto-currencies are logical to user over other payment methods for a variety of reasons.
Pathos (Emotional) means persuading by appealing to the reader's emotions. Language choice affects the audience's emotional response, and emotional appeal can effectively be used to enhance an argument. Excluding Catcoin, all other Crypto-currencies lack Pathos.
Now finally to my point:
When I speak of persuasion going forward, what I am speaking of is the ability to win over people and get them to engage in the use of a crypto-currency. And I’m not speaking of the IT person or other tech savvy individual who is most likely well aware of crypto-currencies. Instead, I’m speaking of the average person.
If we examine Bitcoin, Litecoin and the myriad of other cryptographic-currencies we can see that they definitely contain two of the three elements needed to be successful in persuading someone to “agree” with them (use them). The two elements that Bitcoin and alt-coins possess are Logos and Ethos.
Crypto-Ethos – I don’t think that I need to go too much into this. But if you understand crypto, then you’ll know crypto can be trusted. Crypto is trustworthy, you can believe it.
Crypto-Logos – if you have a basic understanding of how crypto-currencies work, then you’ll understand the logical benefits that it can offer. Credits cards weren’t meant to be used on the internet and the 21st century needs a new form of digital currency and crypto is the answer.
So to sum things up, there are logical reasons to use crypto-currencies and crypto is trustworthy.
The Crypto-Pathos is missing though. (until Catcoin)
.....
There will be many other coins to follow in Catcoin’s footstep that will utilize all 3 of the elements necessary to motivate non-tech people to embrace these types of currencies and I think that Catcoin is off to a great start because it possess all of the technological aspects of Bitcoin but has the ability to make the average person smile. Can any other crypto-currency do that?
Catcoin has no Ethos (and very limited Logos) if the Catcoin developers use internet handles.
The most successful operating system in history was released by a man named Linus Torvolds, and I would argue there are two reasons:
1) it was released under the GPL license, forcing large commercial end-users to contribute back to the community.
2) developers and end-users both respected Linus's code, AND his personal ethics.
I trust the bitcoin code, because I can audit it. However, I cannot name a single Bitcoin exchange, or even bitcoin developer I really trust because I cannot tell what their bitcoin holdings are, or what sort of anonymous deals they may have cut to get better information to gain a profit in the market. If you've tried to buy a bitcoin miner you might share some of my reasons to be wary of the bitcoin community.
I see great potential in Catcoin if those of you on this forum can offer some onymity (opposite of anonymity) and lend your personal ethos and integrity to the great cryptographic achievement given to us by the anonymous Satoshi.
My name is Troy Benjegerdes, I currently have 142 catcoins, and I'm planning to provide an AGPLv3 licensed fork of catcoin at
https://bitbucket.org/dahozer/catcoin, and I hope that many of you will file issue reports to make sure that my version of catcoin interoperates with the source at
https://github.com/kR105/catcoin