Topic: I don’t like the term “crypto” - page 2. (Read 759 times)

That's a problem because fraud is an activity carried out by irresponsible humans, while fiat, crypto and bitcoin are only tools used. Hitting the ground running on the basis of fraud perpetrated by people is not at all correct because there are many people who use fiat and bitcoin in very wise charitable activities. That's just the behavior of some people and not all of them commit fraud by taking advantage of anything.

Fraud is easier to commit it is difficult for people to see the level of truth and most people are deceived because they are tempted by big profits in a short time. I have seen how people are cheated in the name of investment and the average person is trapped because of huge returns in a short time.

Same.

Even made a "crypto" gambling site, ended up turning it into a warning to avoid crypto

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.

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.

Not that fan also. But the fact that it’s given already and all we can do is just to accept it wholeheartedly most especially that it’s giving us the exceptional profits that no any other type of investment can offer. To be honest, crypto sounds more of a scam feature, but we all know that it’s not like that. And with our valuable experiences with crypto, all I can say that whatever its name denotes, the fact that we are benefiting from it most often, then we should just live with it.

Isn't this just a matter of preference? I mean some people might not like the word "crypto" for sure but for some, it might not be an issue at all, personally, it doesn't really matter to me, I wasn't aware of some of the parts that you said, I've some the word "crypto" most of the time just for short of the work cryptocurrency, since applicable as long as I know that they understand what I'm talking about.

I mean there was nothing that we could do about these things anymore I think, most of the people I guess know cryptocurrency as crypto for sure if you're going to google search the work crypto, cryptocurrency is the one that is going to appear probably based on what this trending or what the people is looking for on google most of the time crypto for sure would refer to cryptocurrency, not on other words.

As long as people can understand what your saying if you're going to use the word crypto I guess just make sure it is appropriate to its setting I guess, like here in the forum if you use the word crypto for sure your referring to cryptocurrency if your going to use that on another setting they might refer it to other things so you could explain that to them, most of the news on the Internet already uses the would Crypto as well so its already a general term I guess and a short for cryptocurrency. Anyway just use what you want to use as long as people understand the message you gave it is terms don't matter.

As logical as your reasons might be or as I see it now, it is what it is in the end. The term has come to differentiate the development for a niche and that’s just it. The rest of us who are very much concerned about a distinct difference between Bitcoin from the rest of them altcoins out there will always note the difference, even go the length to note Bitcoin to be different from bitcoin of you follow me through.
One thing is for sure though, Bitcoin through all these have got a name for itself such that, who ever pays attention when it comes to an investment in the cryptocurrency industry will always find his or her way to a Bitcoin purchase. That’s just how I like to imagine it as, Bitcoin would always set itself apart.
It’s the only coin with a market capitalization running into trillions of dollars, respect that!

I also think that there's nothing wrong for using the term crypto in general. It was made so that normal people who cannot get to understand what digital money is would be able to. It would be easier the describe and introduce what Bitcoin is and all other Alt coin as cryptocurrency. Both aims for decentralization of every transaction. That's just the root of it.

It's actually true according to what OP is stating in the fact that some words actually serve as trigger to certain persons on certain subject matter like in this case there are persons who the word crypto could actually mean something that will trigger a bad memory probably in the case that they have lost a fortune otr more to some persons who probably came in the guies of crypto and than so is Bitcoin too , sadly I've come across certain persons who has been ripped in the guies of Bitcoin investment and as such they get triggered if terrible memories when they get to hear the word Bitcoin but then it's still wouldn't stop the fact that the word will still be uses regardless.

Crypto is actually a unifying name for both Bitcoin and other currencies in the likes of Bitcoin which we some times reference as Altcoins so if you are using the mantra Bitcoin i think it may not be enough to be able to distinguish between other coins and Bitcoin aswell. I think using Bitcoin and Altcoins will help better if you can adopt this into your mantra so you can be able to properly distinguish when you are making reference to other coins.

there is nothing wrong with your thinking. but the term is very popular nowadays and most will accept Bitcoin as part of the term. So there is no need to strongly oppose your or your friends' thoughts. just keep it to yourself and enjoy it.
however, Crypto Exchanges or Crypto casinos still accept Bitcoin and everyone enjoys it.

Nobody? No, you are not sure with that. For me, there is nothing wrong in the term Crypto and the reason why it's called like that is because it's a shortened word for Cryptocurrency. There is still a way to avoid it if you don't like it. You already did it in fact when you use the term Altcoins and Bitcoins.

There are also Tokens, NFT's, and other more specific terms to identify a certain Crypto. BTC is a Crypto, so there is nothing wrong there when your friend call Bitcoin like that and don't say that it doesn't matter what you think because if it's true then you should not came out with a confession that you hate the term Crypto, NFT, and others...

^^^ Seems to me that people don't recognize that ETP's are investments that should be bringing the price of Bitcoin down. It's these people who are causing the rise of Bitcoin value.

https://duckduckgo.com/?q=bitcoin+in+authorized+government+contracts&ia=web

If you check bitcoin dominance in 2015 and 2017, you will see that bitcoin dominance was 80% of the market capitalization, but from 2021 to now, bitcoin dominance is only at 50%. Imagine the rise and stronger development of altcoins in the coming years, how much will bitcoin's dominance remain? This is what has been happening and many maximum bitcoin investors do not like this at all.

Besides many failed altcoins, there are also many projects that are becoming more and more mature. If you put aside your ego, set aside your rigidity, and take the time to learn about altcoins, you will see why they can still exist and thrive to this day.

you musta loved this then

Scam happens between people, so it can be said that scam comes from human behavior, while bitcoin, fiat, altcoin... are all just tools for scammers to use to scam others. Even if bitcoin and altcoins did not exist or only bitcoin existed in this world, there would still be scams.

Those who blame bitcoin or altcoins for being scams are people who lack knowledge and are stubborn, unwilling to admit their mistakes because they are too greedy and fall into the traps of scammers. Scammers and those who get scammed all come from their own greed, don't try to blame any tool just for your stupidity.

The term Crypto or Cryptocurrency is a term for digital or virtual currency that does not have a real form like coins or paper money. Bitcoin is a type of cryptocurrency among many other cryptocurrencies, the difference from other coins is that Bitcoin is the first and largest that has ever existed.
Like it or not, the use of the word crypto has been known almost throughout the world and almost no one has been able to change it until now. When people mention the word Crypto, other people's minds immediately focus on Bitcoin because the term has been attached to a digital asset that can be used for transactions between users without needing to go through a third party.

Actually i think it is quite fitting. Cryptocurrency is known to be decentralized and anonymous hence why the word crypto typically associated with cryptic meaning hidden seems about right.

That’s true crypto has been involved in so many scams that people tend to associate it with every scam in the world. I think we just need to explain it further what crypto is to prevent any more misunderstandings

I agree with your statement. "Crypto" means "hidden" and there's nothing hidden in Bitcoin's protocol and blockchain. They are transparent.
Unfortunately, the word "crypto" is easy to remember and it became widely adopted as a term. Maybe that's why I feel a little bit cringe every time the mainstream media mentions "crypto" or "cryptocurrencies". All the cryptocurrencies are digital currencies and maybe the term "digital currency" is better than "cryptocurrency", even though digital fiat money and CBDCs are also included in this category.
Anyway, I don't think that term "crypto" is ever going to be replaced by something else.

We can stop using that term to describe cryptocurrency or bitcoin, that way we will eventually not talk about it and get used to not using that term. We can't probably get rid of it but we can always try to do it right? Plus cryptocurrency is a general term and I think that people that don't have a common sense will be the ones that would have a hard time differentiating cryptography and cryptocurrency, there's also the fact that when you're talking, it's almost always that there's a context on what you're talking about and if it involves crypto and you can't differentiate there then it's not a semantics problem, it's a you problem.

Ahh only because you can't learn about it in the right way or you can't implement what you've learned in the right way you are performing an opinion about a system. It's true to some extent that scams are involved in crypto and especially nowadays people are very much effected by it but that will not reduce the popularity of crypto.

Due to its high profits people will join it continuously. Only what we have to do is to launch awareness programs to safeguard people from scams. Exchange should also play a role in that and they are trying to some extent also.