I don’t like the term “crypto”

Outhue

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Quote from: Awak Bambi on May 02, 2024, 01:59:29 AM

Quote from: bettercrypto on May 02, 2024, 01:39:40 AM

Many people hate the term crypto, but many communities hope to get rich from cryptocurrency, right or not? Many potential cryptos can provide huge profits in the upcoming bull run. The only sad thing is that other cryptos are used by scammers for bad things.

But overall, not all cryptos are bad; rather, it helps if we do some research before investing in any cryptocurrencies. Because if we don't do any research about it, we might fall into crypto hype only.

This is a personal matter, some like it, some don't, why some of us don't like crypto because we have our own views, some see this as a loss and some see this as an advantage, it cannot be denied that there are good and bad things.
Crypto is not wrong in my opinion, it's just that some of us who are involved in the crypto world, many of them don't understand and don't want to find out first before starting, many people misunderstand crypto price movements which makes them frustrated and don't like crypto.

Sorry to say but to me it feels like people are hurt when it comes to alternative coins, they must have made terrible mistakes with altcoins and they ended up focusing on Bitcoin only, yet the hate lives in them till date, I read some comments in this thread and that is the vibe that I am getting, even from high ranking members on the forum, it's just sad.

I can't imagine myself saying that Bitcoin isn't a cryptocurrency, and the word crypto is just a short word for cryptocurrency, why are they trying to say otherwise then ? They all sound hurt, this is my believe.

Funny thing is, since I knew crypto I have made more money from alternative coins than Bitcoin, this doesn't make me hate any, even few altcoins scammed me but I learnt that i was the one lacking, so I got better at picking the right altcoins, so far I am doing well with all coins, including Bitcoin itself.

This is how it should be.

dominipater

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If Satoshi would've named it CryptoCoin instead of bitcoin, we wouldn't be having this discussion. Satoshi is wise in so many ways.

moneystery

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even though most of us here don't like this terminology, we can't forbid other people from saying crypto when referring to cryptocurrencies, of which bitcoin is included. it's just a matter of mentioning it, so i don't think it should be exaggerated, what matters is how people understand what 'crypto' is when referring to cryptocurrency. and because of this we also need to correct someone when he says 'crypto' to refer to bitcoin, because the more actively we educate people about errors in this terminology, the more people will be educated in that matter.

Awak Bambi

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Quote from: bettercrypto on May 02, 2024, 01:39:40 AM

Many people hate the term crypto, but many communities hope to get rich from cryptocurrency, right or not? Many potential cryptos can provide huge profits in the upcoming bull run. The only sad thing is that other cryptos are used by scammers for bad things.

But overall, not all cryptos are bad; rather, it helps if we do some research before investing in any cryptocurrencies. Because if we don't do any research about it, we might fall into crypto hype only.

This is a personal matter, some like it, some don't, why some of us don't like crypto because we have our own views, some see this as a loss and some see this as an advantage, it cannot be denied that there are good and bad things.
Crypto is not wrong in my opinion, it's just that some of us who are involved in the crypto world, many of them don't understand and don't want to find out first before starting, many people misunderstand crypto price movements which makes them frustrated and don't like crypto.

bettercrypto

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Many people hate the term crypto, but many communities hope to get rich from cryptocurrency, right or not? Many potential cryptos can provide huge profits in the upcoming bull run. The only sad thing is that other cryptos are used by scammers for bad things.

But overall, not all cryptos are bad; rather, it helps if we do some research before investing in any cryptocurrencies. Because if we don't do any research about it, we might fall into crypto hype only.

Z390

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Quote from: HideYourKeys on May 01, 2024, 04:41:26 AM

me neither... we have to differentiate bitcoin from crypto

If this is true why does every Bitcoin definition as the term cryptography and cryptocurrency attached to it? Why is everyone trying to make cryptocurreny look like a scam by departing Bitcoin from crypto? Enough with the hates already.

All coins are not like Bitcoin, investors choose to invest in altcoins because they believe Bitcoin is too costly, so they look for something cheaper, is that why you are all mad? Altcoins get people scammed, unlike Bitcoin but the difference is clear, that is why we named other coins alternative coins.

Cryptocurrencies runs on a distributed public ledger called the blockchain, Bitcoin also record its transactions on a distributed public ledger called blockchain, Bitcoin is a crypto, hate it if you like, this is not why newbies and beginners are investing in alts, it is the cost of buying 1 bitcoin vs buying thousands of coins with the same money, and for some, ROI wise is why they leave Bitcoin for altcoins.

Mate2237

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Well if it was used as a Scam Connotation but the new resurrection of the term "Crypto" has changed meaning and it is no longer the old term you know before. Now you direct crypto to cryptography which is not the denotation meaning of the word concerning in this context of the forum. "Crypto" in the use of bitcoin means cryptocurrency which is a digital currency and not the other way round you are thinking of. When a word is used there are different formation before it will be accepted conventionally.

Therefore the way you see crypto is different from the original meaning of the prefix in the forum. And I think the prefix "crypto" is attached to currency and not graphy so in addition it is well known as Cryptocurrency.

South Park

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Quote from: Justbillywitt on May 01, 2024, 03:34:50 AM

Quote from: Kelward on April 24, 2024, 02:24:58 PM

To a layman in the community where I live, they unfortunately attributes crypto to scam, maybe because of the tales of shitcoins that they've heard how it ruined people's capitals, and they'll put Bitcoin in that category because they're all cryptocurrencies. I wish that we can differentiate Bitcoin from the many scam projects because they're all called cryptos, just like we that are into the space differentiates Bitcoin, by calling others altcoins. I guess that the name "crypto" has come to stay, so we'll just have to tell the few people who cares to know about the difference between Bitcoin and the rest.

We can change the narratives here, it is not going to be an easy stuff but the least we can do is by trying to sensitize people we come across with that are making the mistake of categorizing bitcoin as crypto.

We can start by telling them that bitcoin is bitcoin and not crypto. I know most of them will be confused and many will want to argue, but your detailed explanation is going to make them understand the difference. Seriously this should be considered, bitcoin has never disappointed anyone, but it is constantly taking the blame for the scam that others are doing hiding in the name of crypto. I make sure I correct people around me that call bitcoin crypto.

If those people did not care about such thing before they were scammed, it is doubtful to think they will after they got scammed, yet another problem is that the reason why people fail to make that distinction is because the media makes an effort to make that distinction difficult, and they do this to create chaos, as if regular people think all coins are just like bitcoin and they get scammed, then that is one less person which will be interested in investing in bitcoin on the future.

CryptoBuds

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Quote from: Kelward on April 24, 2024, 02:24:58 PM

To a layman in the community where I live, they unfortunately attributes crypto to scam, maybe because of the tales of shitcoins that they've heard how it ruined people's capitals, and they'll put Bitcoin in that category because they're all cryptocurrencies. I wish that we can differentiate Bitcoin from the many scam projects because they're all called cryptos, just like we that are into the space differentiates Bitcoin, by calling others altcoins. I guess that the name "crypto" has come to stay, so we'll just have to tell the few people who cares to know about the difference between Bitcoin and the rest.

So how would you explain that to people in my area? Many scammers create many Ponzi projects with high interest rates, even up to 50%/month, and to be able to participate, people need to have BTC, USDT or some other cryptocurrency. In your opinion, is the distinction between bitcoin and cryptocurrency useful in this case? Will it stop people from calling bitcoin a scam? Don't be naive to think that separating bitcoin from cryptocurrency as bitcoin will not be considered a scam. Bitcoin is just one tool among thousands that scammers use to scam people.

HideYourKeys

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me neither... we have to differentiate bitcoin from crypto

Justbillywitt

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Quote from: Kelward on April 24, 2024, 02:24:58 PM

To a layman in the community where I live, they unfortunately attributes crypto to scam, maybe because of the tales of shitcoins that they've heard how it ruined people's capitals, and they'll put Bitcoin in that category because they're all cryptocurrencies. I wish that we can differentiate Bitcoin from the many scam projects because they're all called cryptos, just like we that are into the space differentiates Bitcoin, by calling others altcoins. I guess that the name "crypto" has come to stay, so we'll just have to tell the few people who cares to know about the difference between Bitcoin and the rest.

We can change the narratives here, it is not going to be an easy stuff but the least we can do is by trying to sensitize people we come across with that are making the mistake of categorizing bitcoin as crypto.

We can start by telling them that bitcoin is bitcoin and not crypto. I know most of them will be confused and many will want to argue, but your detailed explanation is going to make them understand the difference. Seriously this should be considered, bitcoin has never disappointed anyone, but it is constantly taking the blame for the scam that others are doing hiding in the name of crypto. I make sure I correct people around me that call bitcoin crypto.

Yukyzu

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Quote from: synchronym on April 27, 2024, 01:34:31 AM

Of course we first need to understand the difference between alt coin and bitcoin as many times we confuse the two together. First of all before we invest we need to think in which we want to invest we want to invest in alt coin or bitcoin. Bitcoin investment is much better than alt coin investment I personally always prefer bitcoin investment. When it comes to Bitcoin investment we must have a long term plan as many times we invest too hastily. Investing can never be in a hurry, we have to be patient and have a long-term investment plan.

Yes, you are right, these two things are of course very different and we must be able to understand it well before deciding to invest so that we can do it well. It is important for us to be able to choose the type of investment so that we can make a good investment plan, yes indeed by choosing to invest on Bitcoin, it would be better for us to be able to run in the long term and we have to make a good plan so that we can survive in the long term because if we don't have a good plan of course it will be very difficult to run in the long term and there is very little chance of making a profit. from this investment, but if we choose to invest in altcoins of course we have to really understand well the type of altcoin we are going to invest in and don't choose the wrong type of altcoin which will cause us losses.

Fiasem20

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The fact that I'm glad to be in this forum because I was also making same mistake but now I know Bitcoin is not a cyptrocurrency.Many people outside this forum and even in this forum still don't know bitcoin is a different thing all together from cryptocurrency.Bitcoin referred to as cryptocurrency sounds like a scam scheme of which it isn't.Its our benefits that we know BTC is different from cryptos and let's correct those around us and even in this forum that bitcoin is different from cryptos.

wallet4bitcoin

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As the space expands and takes shape, the use of terminologies will be carefully addressed as everyone considers everything in the blockchain space as crypto. They barely see the technology, rather they see the financials and not the underlying technology

uneng

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Like it or not, Bitcoin is a cryptocurrency, anyway... So the term crypto is appropriate when talking about Bitcoin, its market and every other elements surrounding it. Many people used and still use Bitcoin for scammy purposes, such as running ponzi schemes and so on, but you don't dislike the term Bitcoin for that reason, right? So why should it be different with the term crypto? There will be always people using useful things for bad purposes, because such useful things have actually a neutral nature, which can be distorted into evil or used for good purposes, depending the individual who is manipulating it on the present moment.

Nothing changes the fact Bitcoin is the original, most important and worhtful cryptocurrency among all, though.

seoincorporation

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Quote from: B1-66ER on April 24, 2024, 12:35:21 PM

A message is plaintext (sometimes called cleartext). The process of disguising a message in such a way as to hide its substance is encryption. An encrypted message is ciphertext. The process of turning ciphertext back into plaintext is decryption. This is all shown in Figure 1.1.

You explain why it's called crypto... When you see the transaction ID, you can't know the private keys of the address that sends that coin, since the information on the transactions is encrypted i think crypto is the right way to call it. And it doesn't only use cryptography for the transactions, we see cryptography in the address generation and in some other process in the blockchain. So, for me, crypto is the right therm for this technology.

Churchillvv

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The fact that bitcoin is crypto is one big deal that a lot of people do not like as the world crypto has been associated with crime which is subjective, based on how you perceived it.

Consequently, bitcoin is crypto and that can not be changed. It's just like the word "Money" it's the general name for all currency but your country's currency is different but still falls under money, using my country's currency naira; let's say it's so decent and best currency in the world but it's money and that can not be separated from it so no matter how good my currency is it's still called money. Hence bitcoin and crypto are intertwined one can be used in place of the other but the other can not be used in place of the other. Bitcoin is crypto but crypto is not only bitcoin it includes other altcoins and/or shitcoins.

Alpha Marine

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Quote from: vapourminer on April 25, 2024, 05:14:37 PM

four terms you need to know if you want to be taken even slightly seriously

bitcoin = bitcoin
crypto = bitcoin + altcoins
coin = has its own blockchain
token = rides on another blockchain

It's actually this simple.
I don't think there's any point in reading too much meaning into it. Whoever believes or thinks the term Crypto interprets as a scam is just naive or not familiar with cryptocurrencies at all.
"Crypto" is just a short form of "cryptocurrency", and we all agree that bitcoin is a cryptocurrency so that makes bitcoin a crypto (even tho I do not use that term when referring to bitcoin).

It's like saying you don't like the term "fiat", so you're not going to call the dollar a fiat.
It's okay not to like it, but that doesn't stop it from being a fiat currency.

teamsherry

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There is a line between what bitcoin is and crypto, cause that includes shitcoins and scam projects, infact most time when crypto is spoken off its always refers to one alt or shitcoin.

Bitcoin is bitcoin and it is different and been under the name crypto doesn't make it one of them, at least by now everyone is seeing that they is a clear difference between crypto and bitcoin.

Smack That Ace

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Quote from: harapan on April 26, 2024, 10:29:03 PM

Quote from: kentrolla on April 24, 2024, 01:03:31 PM

To be blunt, nobody likes the term crypto but can we do something about it? No, we cannot do a thing about it and I have started using terms like Bitcoin and altcoins or sometimes crypto/Bitcoin. I guess now it inevitable as everyone addresses it as crypto and some of my friends use crypto as the first time even when they are referring to Bitcoin. There are certain other terms like NFT which I don't like for strange reason but we gotta live with it as it doesn't matter what we think Lol.

To be honest with you,I clearly don't think bitcoin as a scam or fraud whenever you refer to it as crypto,actually,to me I think cryptocurreny is a term that describes all digital currencies precisely.
Its a general name to refer to bitcoin and other digital currencies,whatever it Implies doesn't matter and doesn't even have an effect on bit coin considering the fact that you're used to bitcoin and what's its capable of.
People just finds it difficult to differentiate between their problem/intelligence to scam or fraud and eventually bitcoin.

Bitcoin and altcoins are both just digital currencies and some people who don't know will call them virtual currencies because we can't actually touch them like physical money. So I don't think there's a better term to describe them than "cryptocurrency".

People who don't like calling bitcoin a cryptocurrency because they don't want bitcoin to stand with altcoins, they think bitcoin is on a higher level and altcoins don't deserve to be placed together. So they find all kinds of reasons like fraud, trash, uselessness... in every way just to want everyone to know that bitcoin is different. That's just a thought no different from class discrimination, nothing more, nothing less.

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