Topic: bitcoin, ethereum etc. cryptocurrency or digital asset? - page 2. (Read 488 times)
I'm more inclined to name digital assets. General, the very definition of the word "asset" sounds like "an object that has some value for its holder." Cryptocurrencies, of course, are not objects, but the name digital asset suits them perfectly.
I prefer to call it digital money, but nowadays many people develop digital money in the form of payments using only QR codes, but digital assets are not too bad either, because I also keep them only as my digital assets and rarely spend like money
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?
Actually the name of this cryptocurrency is already very attached to the minds of many people, and it is only a parable of the name so that it makes it easier for people to say it and remember it, the problem collides with licensing in my opinion Cryptocurrency is very widespread even in almost every country it can transact well and officials and entrepreneurs have absolutely no constraints regarding ownership or transactions in general, it is just a matter of name abbreviations that own and according to the meaning of Bitcoin and other coins, are called Cryptocurrencies which represent all digital assets.
Please correct if what I say is wrong !!
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?
As BTC or ETH deals crypto related funtions we can say its a crypto currency but at the same time we can say its a digital assets because we can exchange this functions digitally. It would be more digital assets when globally it would be recognized and in this pandemic situation i think it has come for all like digital gold.
thanks.
IMHO, I think both names are applicable in Bitcoin and Ethereum because it was fit to call them like that "a cryptocurrency or a digital asset" for me it is not conflicting so why we just bothering ourselves about it. Just forget some technicalities it's better to stick into the layman's term so that it's easy to understand. that was my stand about it. "Cryptocurrency or Digital Asset" are both the same.
Bitcoin, Eth and Ripple are often referred to as digital assets or virtual currencies, cryptocurrencies and digital assets are just a name that has been very popular to date, In other words, name only as a symbol or identification. the most important thing is the benefits we can feel, although digital currency cannot be touched or felt, its functions and uses are the same as fiat money issued officially by the state.
cryptocurrency included in digital asset but digital asset not sure be cryptocurrency. its totally different cause cryptocurrency was currency that based on programming code which is have value due its feature. not all of digital assets was good as investment portofolio some of them only have value but have no future value.
I think a name between cryptocurrency or digital asset is a good thing in common. so maybe more emphasis is placed on functions so that the naming pattern can work according to its function
There is a difference though. Yes both of them are cashless, but digital asset can be not on blockchain. Cryptocurrency means there is a blockchain used aside from being identified as digital asset. So when someone used the termed digital means its purely online system that can be accepted fiat and vice versa into affiliated third party app.Like paypal its a digital asset but not literally cryptocurrency. Maybe different means for other but thats how I understand those term in general.
I understand the difference so: cryptocurrency is issued on a blockchain (encryption techniques are used) and digital assets which are built on top another layer of a blockchain.
Cryptocurrency is a digital asset and I doubt even if you change the way you call crypto it won't do anything. The main reason why they say crypto is against the government is not its name, but how it is created to function, it is to be decentralized. Changing the name of crypto will not change it's function.
The best thing about this question is that the answer does not matter:) You are allowed to treat it as anything you want, digital asset, store of value, currency, independent money. In fact, some people treat it purely as speculative asset and they trade and whatever gamble with it, that is fine.
Demand and utility ignores all these aspects to my opinion:)
Demand and utility ignores all these aspects to my opinion:)
Yeah, it doesn't matter what do you want to call or categorize about these cryptocurrencies. As long as they are doing their job and providing their purpose, that's what matters most to me. You can't fool a regulatory agency just by changing its name because they already have take on this. But saying that they can have full control when it comes to crypto, I don't think so.
I think a name between cryptocurrency or digital asset is a good thing in common. so maybe more emphasis is placed on functions so that the naming pattern can work according to its function
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.
Cryptocurrencies was designed to be a currency, it was a revolutionary currency out of cryptography to secure information codes. It is really made to be a means of payment until it evolves due to volatility and also the way that people adopt it. Bitcoin as the main example, reading its whitepaper labeled it as electronic cash but it was also made volatile that the price is dependent on the supply and demand. Besides, all you got that has a value is your asset, for crypto yes it is a digital asset when you own one.
I already thought of this before, I always think if it is really a currency or an asset but it comes to my mind that it falls for both category.
I already thought of this before, I always think if it is really a currency or an asset but it comes to my mind that it falls for both category.
The best thing about this question is that the answer does not matter:) You are allowed to treat it as anything you want, digital asset, store of value, currency, independent money. In fact, some people treat it purely as speculative asset and they trade and whatever gamble with it, that is fine.
Demand and utility ignores all these aspects to my opinion:)
Demand and utility ignores all these aspects to my opinion:)
I think it is not about naming because it may be changed the name would not affect the state policy , but the policy must also be meticulous in his function , useless if naming at a fox but his function remains the same and i think bitcoin,eth is his second crypto and digital assets
i thought your talking about the name (ex. bitcoin xxx ) . digital currency or digital asset is only a term to clasiffy them but i dont consider them as seperate name . there was a thread here last time that also talks how a crypto name can affect thier success. i was going to tell that that thread here are simillar to it but no not really. btc , eth , and all cryptos are all digital assets/currency but they can also be call a cryptocurrrency and their acceptance will be the same
Crypto can also be categorized as the digital asset and you must see the digital yuan that has already issued by china's central bank. There was no a lot of differences but the only thing that makes it different is the digital asset issued by the government already comply with all of the regulations while crypto is still in the grey area.
Well, I don't think it's necessary to deny the truth about something in order to suit the words or phrases use in national laws. The truth is that they are currencies (cryptocurrencies), can also be called digital assets. What is wrong or immoral about calling them cryptocurrencies/currencies?
Governments can however choose to call centralized ones whatever reasonable they want, (maybe token?). They can even call the decentralized ones thesame thing but shouldn't stop crypto/decentralized communities or other people from calling them by their real name (cryptocurrencies).
Governments can however choose to call centralized ones whatever reasonable they want, (maybe token?). They can even call the decentralized ones thesame thing but shouldn't stop crypto/decentralized communities or other people from calling them by their real name (cryptocurrencies).
There are really not that many digital assets in the world, crypto is probably the main one of them, I have no idea what classifies as digital asset but right now crypto could probably the biggest one there is out there in market size plus even though it is such a huge thing, it is incredibly easy to get into, hell if you are not worried about the amount, you could get some small amount from faucets, hence there is really no entry point towards crypto.
At the end of the day there is really no reason why calling it digital asset would change anything because it is already huge. What would crypto earn from a name change when it is already doing awesome, do you guys think we should have been a lot further into adoption right now? I feel like we are doing quite well enough.
At the end of the day there is really no reason why calling it digital asset would change anything because it is already huge. What would crypto earn from a name change when it is already doing awesome, do you guys think we should have been a lot further into adoption right now? I feel like we are doing quite well enough.
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