Bitcoin, ethereum is just a name for technology, a cryptocurrency.
Digital assets have broader implications than cryptocurrency.
The naming of bitcoins or cryptocurrencies does not change their nature, it is just a way to circumvent the law. The purpose of government is to control everything. Crypto, bitcoin, or ethereum ... decentralized and unregulated, free, and transparent. Right now people are using them with little regulation so they don't want people to use them.
Topic: bitcoin, ethereum etc. cryptocurrency or digital asset? (Read 473 times)
I don't think so, because the source from which cryptocurrency is created is by breaking complex codes that only machines (computer / vga card) can do. Unlike digital assets, it has a very broad aspect. Examples of blogs / websites, youtube channels, forex and others.
For me bitcoin and ethereum both are digital assets to be honest because i have accumulated and held onto them in expectations of big returns and i am sure they will provide me with that extravagant opportunity to make profit.
It all really depends on the use case - different cryptocurrencies answer different demands and are designed with different purposes in mind. Bitcoin is similar to a digital gold in the fact that it works really good as store of value; ethereum is a platform that's more suited to something else entirely, and that is utilizing smart contracts in creative ways such as providing DeFi solutions. Blockchain technology has different applications and it's hard to generalize all crypto projects under one term.
Good idea whenever I told people about cryptocurrency it seems that I'm talking about a scam to them but whenever I use a digital asset they think of it like an online credits or online money but most of us that is early adopters are used to cryptocurrency but in reality cryptocurrency is a digital asset which is totally the same thing.
I believe digital assets are not as big of a deal as people think it is, they all think that it will be a big deal in the future and getting in right now should means something but unfortunately it is not as big of a deal as they make it out to be in their minds, that is why I personally believe that crypto is the way to go.
If you want to invest into the future, I would say that best way to do it is crypto, it is the currency of the future and anyone who gets in right now would still be early bird considering how it would be just a standard in the future as well. I believe one day people go to grocery shop and pay with cash/credit OR crypto, it will be that big, that is why even right now you are not too late, you may not have gotten in under 1 thousand maybe, but right now is still better compared to 20 years later.
If you want to invest into the future, I would say that best way to do it is crypto, it is the currency of the future and anyone who gets in right now would still be early bird considering how it would be just a standard in the future as well. I believe one day people go to grocery shop and pay with cash/credit OR crypto, it will be that big, that is why even right now you are not too late, you may not have gotten in under 1 thousand maybe, but right now is still better compared to 20 years later.
earlier I apologize if my English is bad
This is what is always on my mind "bitcoin, ethereum, ripple etc. are cryptocurrencies or digital assets?"
have you ever thought that the naming of cryptocurrency is very influential on bitcoin etc.? because the naming of cryptocurrencies that are currently attached to bitcoin etc. makes bitcoin clash with government regulations relating to the applicable currency
what happens when the name cryptocurrency is changed to a digital asset? I think this will make it easier for bitcoin to be adopted in various countries because it doesn't conflict with financial regulations
I think the naming of cryptocurrency or digital assets plays a big role in the perspective and development of bitcoin
this is just my assumption, what do you think?
This is what is always on my mind "bitcoin, ethereum, ripple etc. are cryptocurrencies or digital assets?"
have you ever thought that the naming of cryptocurrency is very influential on bitcoin etc.? because the naming of cryptocurrencies that are currently attached to bitcoin etc. makes bitcoin clash with government regulations relating to the applicable currency
what happens when the name cryptocurrency is changed to a digital asset? I think this will make it easier for bitcoin to be adopted in various countries because it doesn't conflict with financial regulations
I think the naming of cryptocurrency or digital assets plays a big role in the perspective and development of bitcoin
this is just my assumption, what do you think?
If you are going to categorize cryptocurrencies as digital assets, then it implies that you are also putting them on the same field as digital photos, videos, songs, and other word documents that are also intangible. Cryptocurrencies, in my opinion, are on another field and category on its own due to being a digital asset and an investment. As a decentralized and volatile currency, it has a significant value that is substantial and distinct from the conventional digital asset that we know.
I think the name of cryptocurrency is not mattered for the legalization of Bitcoin. As you know, various counties already legalize the cryptocurrency, and digital asset names can be a little impact but not more for legalization so that you can mention different names of cryptocurrency, digital assets, and digital currencies.
Changing the name of cryptocurrencies into digital does not change that much in my opinion as the legalization will totally depend upon its nature. As a decentralized currency, lack of regulation by the government seems to hamper its development from being accepted from all countries in the world.
Cryptocurrency is a decentralized digital money, unlike the one we using on banks which is a centralized digital money.
Digital asset is different from crypto i think. When you think about asset, it is different from money, meanwhile cryptocurrency is a currency, same with USD or EUR or any other currency.
because of decentralization, this makes crypto currencies hated by the government, especially big countries, Digital asset is different from crypto i think. When you think about asset, it is different from money, meanwhile cryptocurrency is a currency, same with USD or EUR or any other currency.
we know the future is decentralized, and cryptocurrencies are one of the good assets for us to have
Even as much as cryptocurrency can be interchangeably called digital assets, it does not replace the fact that they are cryptocurrency by nature and this is because they were formed with the use of cryptography. Crytocurrency are weigh more than digital assets, though they can be called digital assets
Cryptocurrency is a decentralized digital money, unlike the one we using on banks which is a centralized digital money.
Digital asset is different from crypto i think. When you think about asset, it is different from money, meanwhile cryptocurrency is a currency, same with USD or EUR or any other currency.
that doesn't matter whether it's centralized or decentralized but crypto can always be called as the digital asset and there was no different with crypto since crypto was in the digital form too. if you are aware about digital yuan and it's very similar to the stale coin too. I think that you misunderstand about this.Digital asset is different from crypto i think. When you think about asset, it is different from money, meanwhile cryptocurrency is a currency, same with USD or EUR or any other currency.
Cryptocurrency is a decentralized digital money, unlike the one we using on banks which is a centralized digital money.
Digital asset is different from crypto i think. When you think about asset, it is different from money, meanwhile cryptocurrency is a currency, same with USD or EUR or any other currency.
that doesn't matter whether it's centralized or decentralized but crypto can always be called as the digital asset and there was no different with crypto since crypto was in the digital form too. if you are aware about digital yuan and it's very similar to the stale coin too. I think that you misunderstand about this. Digital asset is different from crypto i think. When you think about asset, it is different from money, meanwhile cryptocurrency is a currency, same with USD or EUR or any other currency.
Cryptocurrency is a decentralized digital money, unlike the one we using on banks which is a centralized digital money.
Digital asset is different from crypto i think. When you think about asset, it is different from money, meanwhile cryptocurrency is a currency, same with USD or EUR or any other currency.
Digital asset is different from crypto i think. When you think about asset, it is different from money, meanwhile cryptocurrency is a currency, same with USD or EUR or any other currency.
I never thought the name or change of name could affect the adoption like the use and technology from cryptocurrency. I feel digital asset can convey cryptocurrencies and some other asset on blockchain, digital asset seems to be more than cryptocurreny IMO. I see a lot of development in the blockchain technology that give dynamic look to the technology and the use
Indeed, this is what I am looking forward to greater developments in the near future because as technology went more advanced; the world is adopting new kind of ways to adopt changes. Cryptocurrency asset is somehow doing more possible things happen, in example that is using digital payments diverted into cashless which could prevent any physical robbery to happen.Most especially this time of pandemic, virus transmission through money is highly possible and I believed cashless form of payment would really be a good alternative and solution.
I never thought the name or change of name could affect the adoption like the use and technology from cryptocurrency. I feel digital asset can convey cryptocurrencies and some other asset on blockchain, digital asset seems to be more than cryptocurreny IMO. I see a lot of development in the blockchain technology that give dynamic look to the technology and the use
I think the name of cryptocurrency is not mattered for the legalization of Bitcoin. As you know, various counties already legalize the cryptocurrency, and digital asset names can be a little impact but not more for legalization so that you can mention different names of cryptocurrency, digital assets, and digital currencies.
have you ever thought that the naming of cryptocurrency is very influential on bitcoin etc.?
One of the cryptocurrencies in the world is Bitcoin. So before Bitcoin and Altcoin there was no word cryptocurrency. Bitcoin is the world's first digital currency. So obviously the naming of cryptocurrencies has an effect on Bitcoin.makes bitcoin clash with government regulations relating to the applicable currency
Bitcoin's presence does clash with government regulations, or with the Fiat currency. Because Bitcoin makes world-class transactions easy without having an identity. (Anonymous)what happens when the name cryptocurrency is changed to a digital asset?
Cryptocurrency names do not need to be converted into digital assets. Because cryptocurrency is a digital asset.Your question confused me.
Cryptocurrency can be anything from digital asset,a digital fiat, a share of company and whatever it want to be. Projects that used cryptocurrency will create what is the purpose the tokens has being made and i believed the smart system that can get peoples to join their project will be a winner as long it really bring the benefit to the user.
I think cryptocurrency can become digital asset, think about security type token.
Security token is same as the share of the company, in other word it is an asset of the company.
To become a digital asset, i think cryptocurrency will need to be backed with something, like gold or fiat money for example.
Security token is same as the share of the company, in other word it is an asset of the company.
To become a digital asset, i think cryptocurrency will need to be backed with something, like gold or fiat money for example.
While your thoughts are considerable, the digital asset is a class or type of investment and it's not about the naming whether bitcoin is a crypto or digital asset. Actually, bitcoin is both, a cryptocurrency and a digital asset that we're all like to hold. IMHO, it's not important whether bitcoin will be named as a digital asset because it will be classified into it. And bitcoin shall always be known as the most popular cryptocurrency. Not that matters if it's bothering you.
I agree the name matters little. It doesn't matter what you call BTC since it represents both a cryptocurrency which in turn is a type of digital asset. In fact I think very little will change from the regulatory point of view as this new era of cryptocurrencies is rival to fiat and governments won't go easy on it, specially when there's so much growing concern about anonymous and fraudulent activities.
earlier I apologize if my English is bad
This is what is always on my mind "bitcoin, ethereum, ripple etc. are cryptocurrencies or digital assets?"
have you ever thought that the naming of cryptocurrency is very influential on bitcoin etc.? because the naming of cryptocurrencies that are currently attached to bitcoin etc. makes bitcoin clash with government regulations relating to the applicable currency
what happens when the name cryptocurrency is changed to a digital asset? I think this will make it easier for bitcoin to be adopted in various countries because it doesn't conflict with financial regulations
I think the naming of cryptocurrency or digital assets plays a big role in the perspective and development of bitcoin
this is just my assumption, what do you think?
Even if you call them digital assets they will still remain cryptocurrencies based on blockchain technology, obviously world, people, regulators, govts and their institutions are acknowledging and finally started to accept crypto as a legit thing so i do not know why we need to call them digital assets now. This is what is always on my mind "bitcoin, ethereum, ripple etc. are cryptocurrencies or digital assets?"
have you ever thought that the naming of cryptocurrency is very influential on bitcoin etc.? because the naming of cryptocurrencies that are currently attached to bitcoin etc. makes bitcoin clash with government regulations relating to the applicable currency
what happens when the name cryptocurrency is changed to a digital asset? I think this will make it easier for bitcoin to be adopted in various countries because it doesn't conflict with financial regulations
I think the naming of cryptocurrency or digital assets plays a big role in the perspective and development of bitcoin
this is just my assumption, what do you think?
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