Are you OK with Bitcoin being called a token? - page 8.

nkarm1

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Activity: 306

Merit: 100

Quote from: erre on October 28, 2017, 11:09:39 AM

The blockchain is a public ledger about address and their balances of a token, a token called bitcoin. I don't see anything uncorrect in this definition.

I agree with this, because right before the first time bitcoin became so expensive, it has been rewarded on every miners and programmers as a token reward for their works. And remember that by definition, token is a reward or issued price from a group or individual. So generally bitcoin is a token, but a token with a very high value because of great demand.

erre

legendary

Activity: 1680

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The blockchain is a public ledger about address and their balances of a token, a token called bitcoin. I don't see anything uncorrect in this definition.

qxo35

newbie

Activity: 42

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Doesn't really matter how it is called. It is important what value it has

Freezingel

sr. member

Activity: 574

Merit: 251

I don't mind if there's people who call it token as long as they understand about it and the meaning stays the same, it's just a name, the value is still the same and people still believe in it.

azguard

legendary

Activity: 1484

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Crypto-News.net: News from Crypto World

No im not ok. Bitcoin is price coin and crypto coin all ICOs are token cuz they used this work to much. Bitcoin is not and will not be called token, who use this as a word then he dont know anything about crypto.

Hobo66

hero member

Activity: 1344

Merit: 502

I would not be happy about bitcoin called a token, bitcoin is an leader in this new age crypto world,
I would prefer BTC called a coin when mention about trading of value. Cheesy

Ekanenf

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Activity: 290

Merit: 100

Quote from: MFahad on October 27, 2017, 09:34:10 AM

Quote from: Real_Person on September 21, 2017, 07:40:23 AM

Popular use of the word "token", in this community, is/was related to "ETH ICO bubble things", not the creation of Satoshi known as Bitcoin.

BTC = Bit COIN not Bit Token
"...bitcoin closed Tuesday at $4,009 per token — twice its price in July..."
https://www.usatoday.com/story/tech/news/2017/09/21/bitcoin-buyers-libertarian-bent-drive-prices-records/594971001/
The above is only one of way too many recent examples in the media.

Are you OK with Bitcoin being called a token?
Do you need to be sent to crypto re-education camp? Cheesy

Not at all. The same way that you can call the FIAT in my bank account anything you want. Especially when these words come from well outside the crypto world. In my little group that I chat and trade with I would likely correct a new guy, to help him out, but if he or anyone wants to call it a token, more power to them.

The day when a persons words takes money from me, that is the day that something strange has occurred.

Actually for me bitcoin being called a token or a coin doesn't really matter as long as the value won't be affected of it. I've search the difference being a coin and a token and I can say bitcoin can be somewhere between it. Coin is something that has been issued by the government that has value which bitcoin is just something that has value but it's issued by the government rather by a group or an individual which is one of the key point of a token ,so yeah, its somehow a coin and a token. Anyway, it's a cryptocurrency that has no physical shape or thing since its a online money.

MFahad

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Activity: 2506

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Eloncoin.org - Mars, here we come!

Quote from: Real_Person on September 21, 2017, 07:40:23 AM

Popular use of the word "token", in this community, is/was related to "ETH ICO bubble things", not the creation of Satoshi known as Bitcoin.

BTC = Bit COIN not Bit Token
"...bitcoin closed Tuesday at $4,009 per token — twice its price in July..."
https://www.usatoday.com/story/tech/news/2017/09/21/bitcoin-buyers-libertarian-bent-drive-prices-records/594971001/
The above is only one of way too many recent examples in the media.

Are you OK with Bitcoin being called a token?
Do you need to be sent to crypto re-education camp? Cheesy

Not at all. The same way that you can call the FIAT in my bank account anything you want. Especially when these words come from well outside the crypto world. In my little group that I chat and trade with I would likely correct a new guy, to help him out, but if he or anyone wants to call it a token, more power to them.

The day when a persons words takes money from me, that is the day that something strange has occurred.

mashort

member

Activity: 281

Merit: 10

Quote from: BrewMaster on September 21, 2017, 09:24:21 AM

sometimes these articles are written by people who are not at all familiar with bitcoin and cryptocurrencies in general. sometimes it is a deliberate mistake, or even possibly they call it "token" because they don't want bitcoin to be a coin or a currency.

in the end it doesn't matter as long as it doesn't catch on! which i don't see it catch on so far. so we are good.

from a technical person, what do you believe to be the appropriate term to be used?

mostkey

sr. member

Activity: 742

Merit: 253

Quote from: DoublerHunter on October 27, 2017, 01:30:27 AM

I don't think that bitcoin deserved to be called as a token because in the first place, it is not a token because it is a currency that most of the people know it. Bitcoin is a currency because you can use it to pay things online and it is also an investment for being a good place to put your money and the tokens are just used in the altcoins but not in bitcoin.

and although the actual bitcoin is not functioning as currency, but because some people think bitcoin as a livelihood and there are many easy ways to get it then they declare bitcoin as currency, and for that we need to appreciate for anyone who just think bitcoin as a place to invest, yes although I myself consider bitcoin as a currency even though this has not been valid right in my country

Ziomuro27

sr. member

Activity: 406

Merit: 254

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Quote from: Real_Person on September 21, 2017, 07:40:23 AM

FAQ:
Why is this an issue?
Bitcoin is the proud leader, "tokens" are for the ETH Bubble Game. Calling Bitcoin a token is not even technically correct. That does matter to some people.

``````````````
OP

Popular use of the word "token", in this community, is/was related to "ETH ICO bubble things", not the creation of Satoshi known as Bitcoin.

BTC = Bit COIN not Bit Token
"...bitcoin closed Tuesday at $4,009 per token — twice its price in July..."
https://www.usatoday.com/story/tech/news/2017/09/21/bitcoin-buyers-libertarian-bent-drive-prices-records/594971001/
The above is only one of way too many recent examples in the media.

Are you OK with Bitcoin being called a token?
Do you need to be sent to crypto re-education camp? Cheesy

Yes , you have a great idea on how you express about that topic, and for my opinion like what you said it doesn't matter to me on how bitcoin called because for me it is the same and most of us have a different point of view about this currency .

thenameisjay

full member

Activity: 462

Merit: 100

Quote from: Real_Person on September 21, 2017, 07:40:23 AM

FAQ:
Why is this an issue?
Bitcoin is the proud leader, "tokens" are for the ETH Bubble Game. Calling Bitcoin a token is not even technically correct. That does matter to some people.

``````````````
OP

Popular use of the word "token", in this community, is/was related to "ETH ICO bubble things", not the creation of Satoshi known as Bitcoin.

BTC = Bit COIN not Bit Token
"...bitcoin closed Tuesday at $4,009 per token — twice its price in July..."
https://www.usatoday.com/story/tech/news/2017/09/21/bitcoin-buyers-libertarian-bent-drive-prices-records/594971001/
The above is only one of way too many recent examples in the media.

Are you OK with Bitcoin being called a token?
Do you need to be sent to crypto re-education camp? Cheesy

It doesn't really matter to me what it's called as lonh as everyone recognizes and distinguishes it as money. Bitcoin for.me is catchy on itself token kind of sounds premium. Anyway, no matter what it is called, as long as it makes a lot of money to people, you can call it whatever you want.

Butchick

full member

Activity: 392

Merit: 101

dApps Development Automation Platform

Token or coin, for me, it doesn't matter. It still refers to the very same thing and doesn't actually affect the value it holds. Even altcoins are called "coin" so as for me, either terms works so long as you clarify what coin you are referring to.

santacoins

newbie

Activity: 10

Merit: 0

Cryptocurrency is in digital world, people are living with that, it become more and more regular, more and more people support to bitcoin.

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: cpfreeplz on October 26, 2017, 09:50:30 PM

Tokens are useless pieces of shit made out of thin air that aren't even mined. To call bitcoin a token is like calling your Chickie cheese tokens money. It's so uneducated and dumb not to mention wrong!

To be fair, Bitcoin Cash was created out of thin air. So was CLAMS. And from the look of it, there will be many more, with Bitcoin Gold coming next. After the fork block, they are mined, but "being a mineable cryptocurrency" is a pretty low bar to set. If you give me a few bucks, I can give you copy/paste code to launch your own coin, too! But unless you can convince people to use it, it won't have any value.

I don't have any problem with the "token" label. It's not really much different from "coin" is it? We don't like the association with ICO tokens, sure, but as far as the English language goes, is it really inaccurate?

DoublerHunter

hero member

Activity: 2590

Merit: 644

I don't think that bitcoin deserved to be called as a token because in the first place, it is not a token because it is a currency that most of the people know it. Bitcoin is a currency because you can use it to pay things online and it is also an investment for being a good place to put your money and the tokens are just used in the altcoins but not in bitcoin.

wagi

full member

Activity: 196

Merit: 100

I am ok if bitcoin called token. Its just name i think. No matter about the name, bitcoin is still most i like.
So about name i dont really care and i still love it.

Meepospammer

member

Activity: 406

Merit: 20

Bitcoin shouldn't be called a token since it is already used in different kinds of transaction. It is already a form of currency so i don't know why call it a token.

Terry05

full member

Activity: 140

Merit: 100

I prefer to call it bitcoin . If they will changed the original name of bitcoin, these will create confusions to other people especially the nhewbie and people not much aware what is bitcoin. It should not be changed to whatever names it should be BITCOIN only for the sake of generality.

winderx

member

Activity: 64

Merit: 10

I feel it is incorrect to call Bitcoin a Token. Just like we don't usually see people calling Etherum Token. Token is more often used for ICO..please correct me if im wrong.
I'm learning too.

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