Topic: I don’t like the term “crypto” - page 3. (Read 759 times)

I still remember many years ago when many altcoins had not yet appeared and the market was flooded with HYIP projects promising high interest rates. And to participate in these projects, people need bitcoin to be able to invest. The result is as you know: 100% of HYIP projects are scam and ponzi models. It can be said that bitcoin has been called a scam since that time and not because of later altcoin projects.

Obviously everything comes from and is created by human behavior, and blind greed has caused many people to be scammed, but they always find ways to blame others instead of admitting their ignorance. Besides, there are also many people who have just joined the market in recent years, they don't know anything but try to appear knowledgeable and make nonsense judgments.

Can not disagree with this topic . the other thing I cant stand is the terminology like Pump and Hodl makes it sound childish or sketchy IMHO.

I want to say this? that fraud has occurred long before bitcoin was launched and in fact there have been many cases of fraud, including those involving fiat currency itself. Ordinary people do not know why they are cheated because perhaps the knowledge they have, so they give the same value is all related to the fraud they experience. Even though this fraud is individual in nature, it is carried out by individuals and they themselves are not able to verify its truth before deciding to do it.

Bitcoin is not a moving object and automatically it cannot deceive people, in fact people use Bitcoin to deceive stupid people who are unable to compare its truth value. Long before Bitcoin developed rapidly, there were many types of fraud that occurred and people didn't even know they had been cheated. The reason is because people don't try to find out the level of truth so it's easier to find ways to cheat.

Yes. But thinking further about this; Even if Bitcoin was not called crypto and it stood in its own, people will still call it scam and say all sorts of things. This is because some people have been scammed in Bitcoin and so they perceive it as a device for scammers. I mean people who have been scammed of their Bitcoin. Make no mistake, they are ignorant about it because in the actual sense, Bitcoin is just money and it’s not the cause of the scam.

I agree to you, Bitcoin is Bitcoin and altcoin is altcoin, when you hear the word crypto the first thing that comes to mind is Bitcoin,  because it is the most reliable digital asset right now,  crypto is a name we have all gotten used to and know the difference so I don't really see a problem with that, my opinion though.

If like or not, terms are not going to change. It depends on how you recognise the terms. Cryptography is a short form of cryptography. Those currencies were created by using cryptography, which we called cryptography. It's pretty simple: Bitcoin was created using cryptography. So we call it a cryptocurrency. Cryptography makes a difference between traditional fiat and cryptocurrency. 

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

feel free to correct anything as im no authority and you especially shouldnt take me seriously

for centuries people used to hoard wealth
now people see hoarding as something poor people do with your waste

so now they say hodl
people do not have laws that assert they should always use a term.
people can invent a new word and if it makes people like using the new word people will use it

so go ahead make a new term
EG just stop using the word crypto and instead use digital currency.
or make a new word

Boris Karloff and Vincent Price would have loved the term 'crypto', if they had lived long enough to see it. Both of these movie stars made all kinds of movies about the dead, and 'crypts'.

Whenever I hear the word cryptocurrency I just get a flash in my head of all the altcoins I can remember. I don't see bitcoin as cryptocurrency,  I call bitcoin as bitcoin.  I think bitcoin stands on it own and should not be classified as cryptocurrency with altcoins.  Even if people don't like to refer bitcoin as cryptocurrency but when cryptocurrency is being addressed their is no how you won't remember bitcoin even if the name does not really suit it. It so unique that when you take away bitcoin from cryptocurrency all others are sub-classified as altcoins.

Totally agree!

You are obviously missing the point, altcoins are not reducing the dominance of BTC, rather they are giving people the wrong impression about BTC, especially people who do not understand a lot about the industry. I don't know the development you talk about in altcoins, all a lot of us see is dead coin, pump and dump, failed projects, no usefulness, etc. This is why bitcoiners do not like when people call BTC crypto, because it is very different from altcoins.

Bitcoin maximalists are pulling out all the stops to completely separate bitcoin from altcoins or seek to eliminate altcoins altogether. In addition to the fact that they think altcoins are trash and useless, they are also concerned that the development of altcoins is increasingly reducing the dominance of bitcoin. But in the end, they cannot change anything.

What I'm more curious about are the people who keep posting articles and comments expressing that they hate altcoins. Are they really not secretly investing in altcoins and hoping to get rich quick from it? I also don't think everyone here hates altcoins and doesn't invest in them.

I agree that cryptos do have some negative reputation attached to them, thanks to all the scams, and that the term can be confusing. But I agree with mk4 that it's too late to change things because the term is already too popular.
What we can do is just use the word Bitcoin more. After all, most of the time that's what we're referring to anyway, and most cryptos aren't worth discussing. Those that are can also be mentioned by name when we're talking about them.

I smell full Bitcoin maximalists on here, I can't help but think that you all hate altcoins that's why crypto would somehow to you guys, it's fine by me but instead of this dodgy move let's discuss about why altcoins shouldn't existed in the first place.

Let's assume that ALTs never existed, and only Bitcoin is alive right now, why shouldn't I call Bitcoin a crypto if I don't want to say the full cryptocurrency, even the dictionary says..



You see that? Decentralised cryptocurrencies such as Bitcoin, hahahaha, it is what it is.

Bitcoin is crypto, if you don't like it, maybe by definition? Get used to it, or try changing it, if you can.

Even if bitcoin were completely separate from cryptocurrencies, but with such high profit potential and volatility, I believe scammers would come up with scams and label bitcoin projects of them. There's no way to avoid those.

The cryptocurrency industry is only in its early stages and is free, so it is inevitable that fraudulent projects will be created unchecked. But I believe that as things develop and regulations are introduced, scam projects will gradually disappear, but besides that, we will pay the price of no longer being free.

People who support OP's ideas are because they are bitcoin maximalists and they hate altcoins, but they will never change the fact that bitcoin is an important part of the crypto industry   .

Altcoins.

This is the hardest part and I don't think everyone will learn about that.

Most people is rarely call cryptocurrency with altcoins or shitcoins, even someone told them to call it altcoins, they won't learn.

Just like people who say P2P in Binance or Paxful is P2P, while essentially it's not real P2P since Binance or Paxful is still become intermediary.

Whenever I hear someone say "crypto" all I think is related to scam, pump and dump, no utility, dead coin etc.

Whenever I hear someone say "Bitcoin" he know what he talking about.

and also "Cryptography" which is what all Crypto "projects" are based on.

Unfortunately because of the negative rhetoric over the years from financiers, politicians and news outlets
Bitcoin was primarily at the centre of their attacks. Now even though Bitcoin has garnered a better view
from the groups above it is seen to be included in any report about scams or negativity about $hitcoins
in the news. They obviously dont/cant differentiate the difference between Bitcoin and Crypto/$shitcoins.

Unfortunately, it is what it is and really nothing is going to change.

Ok, well. You don't like the term "crypto" but what do you suggest? What do you think the cryptocurrencies should be called? How do you propose to change an already established concept? Should the name be forked just because a bunch of people don't like the term "crypto" ? And the world will be divided into those who call crypto a "crypto", and others - "somehow differently".

The whole world already knows the term "crypto", whether you like it or not, and you won't change anything about it.

Stop suffering from nonsense by focusing on unimportant things.

What I can conclude is that I am reading from a joker , you are just playing, nothing more. I know you wrote this just because you want people to read what they like about Bitcoin...lol. But in reality and fairness, bro, get used to it. Bitcoin is already a big name in the cryptocurrency market which I also appreciate so much, but there is always need for a healthy competition in the system. I wondered what would happen if there were no alternatives when the Bitcoin transaction fee hit almost $200 a few days ago, and I've not seen a year in which we do not have too many issues with the fee structure. Maybe your transaction hasn't been delayed for way too long, you will know the difference. As much as I appreciate Bitcoin, I can't but praise other useful coins too.

About the issue of the transaction, I've had my fair share of almost 2 months of transaction delay, so get used to Cryptocurrency as those alternatives which make it called Cryptocurrency since it's not Bitcoin alone are doing many things Bitcoin is not capable of doing whether you like it or not.

Lastly, they are all Cryptography projects that deal with Currencies, so the two terms formed Cryptocurrency. I wonder how it will be reasonable for Bitcoin to be Crypto-Currency alone when others have the same characteristics/properties and capability as itself.