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Topic: I don’t like the term “crypto” (Read 761 times)

sr. member
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May 02, 2024, 04:26:53 AM
#84
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.
newbie
Activity: 9
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May 02, 2024, 02:36:53 AM
#83
If Satoshi would've named it CryptoCoin instead of bitcoin, we wouldn't be having this discussion.  Satoshi is wise in so many ways.
full member
Activity: 868
Merit: 202
May 02, 2024, 01:45:10 AM
#82
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.
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May 02, 2024, 12:59:29 AM
#81
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.
sr. member
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May 02, 2024, 12:39:40 AM
#80
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.
sr. member
Activity: 812
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Vave.com - Crypto Casino
May 01, 2024, 09:20:51 PM
#79
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.
hero member
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May 01, 2024, 05:28:01 PM
#78
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.
hero member
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May 01, 2024, 03:22:05 PM
#77
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.
legendary
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HODL
May 01, 2024, 05:28:24 AM
#76
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.
full member
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May 01, 2024, 03:41:26 AM
#75
me neither... we have to differentiate bitcoin from crypto
sr. member
Activity: 378
Merit: 285
May 01, 2024, 02:34:50 AM
#74
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.
full member
Activity: 241
Merit: 100
April 30, 2024, 07:27:54 PM
#73
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.
member
Activity: 322
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April 30, 2024, 05:08:53 PM
#72
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.
sr. member
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April 29, 2024, 06:55:40 PM
#71
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
hero member
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April 29, 2024, 06:04:52 PM
#70
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.
legendary
Activity: 3346
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April 29, 2024, 05:57:44 PM
#69
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.
member
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April 29, 2024, 05:09:26 PM
#68
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.
sr. member
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Merit: 332
April 29, 2024, 04:53:58 PM
#67
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.
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April 29, 2024, 05:00:53 AM
#66
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.
legendary
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April 28, 2024, 10:50:06 PM
#65
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.
hero member
Activity: 1778
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April 28, 2024, 08:12:51 PM
#64
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.
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.
copper member
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April 27, 2024, 01:07:28 AM
#63

That’s why my mantra is “Bitcoin NOT Crypto”..


Same.

Even made a "crypto" gambling site, ended up turning it into a warning to avoid crypto Smiley
full member
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April 27, 2024, 12:34:31 AM
#62
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.
sr. member
Activity: 1736
Merit: 306
April 26, 2024, 09:29:03 PM
#61
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.
legendary
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April 26, 2024, 07:00:04 PM
#60
Not a fan of it either because cryptography aside, 'crypto' sounds so edgy like it's some sort of teenager counterculture thing. But yea what can we do — it's now pretty much a household word that it's too late to change. Even 'DeFi' and 'WEB3' didn't stick as much as 'crypto'.
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.
sr. member
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April 26, 2024, 06:59:04 PM
#59
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.

legendary
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April 26, 2024, 05:25:15 PM
#58
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!
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April 26, 2024, 05:04:33 PM
#57
That’s why my mantra is “Bitcoin NOT Crypto”..

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.

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.
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Duelbits.com
April 26, 2024, 03:07:26 PM
#56
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.
hero member
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April 26, 2024, 12:39:35 PM
#55
That’s why my mantra is “Bitcoin NOT Crypto”..

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.
sr. member
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April 26, 2024, 11:31:31 AM
#54
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.
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...
legendary
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April 26, 2024, 11:24:57 AM
#53
^^^ 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

Cool
hero member
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April 26, 2024, 11:10:22 AM
#52
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.
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.

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.
legendary
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what is this "brake pedal" you speak of?
April 26, 2024, 06:57:39 AM
#51
the other thing I cant stand is the terminology like Pump and Hodl makes it sound childish or sketchy IMHO.

you musta loved this then

legendary
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April 26, 2024, 05:10:03 AM
#50
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 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.

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.
sr. member
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April 26, 2024, 03:31:31 AM
#49
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.
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April 26, 2024, 02:57:32 AM
#48

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.

Quote
BTC> I don’t like the term “crypto” …Not only because it distorts the field of cryptography, but it is also very much related to scam schemes, perpetrated by individuals who have 70% pre-mined coins, create pseudo-decentralized systems, and register trademarks, among other tactics…
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
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April 26, 2024, 12:37:05 AM
#47
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.
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April 26, 2024, 12:05:17 AM
#46
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.
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.
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April 25, 2024, 11:21:09 PM
#45
BTC> I don’t like the term “crypto” …Not only because it distorts the field of cryptography, but it is also very much related to scam schemes, perpetrated by individuals who have 70% pre-mined coins, create pseudo-decentralized systems, and register trademarks, among other tactics…

The term ‘crypto’ brings to mind Schneier, B. (2015) ‘Applied Cryptography: Protocols, Algorithms, and Source Code in C. 20th Anniversary Edition.’ Indianapolis, Indiana: Wiley. in Chapter 1…”

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.

(If you want to follow the ISO 7498-2 standard, use the terms “encipher” and “decipher.” It seems that some cultures find the terms “encrypt” and “decrypt” offensive, as they refer to dead bodies.)

The art and science of keeping messages secure is cryptography, and it is practiced by cryptographers. Cryptanalysts are practitioners of cryptanalysis, the art and science of breaking ciphertext; that is, seeing through the disguise. The branch of mathematics encompassing both cryptography and cryptanalysis is cryptology and its practitioners are cryptologists. Modern cryptologists are generally trained in theoretical mathematics—they have to be.


That’s why my mantra is “Bitcoin NOT Crypto”..
BTC>
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.
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April 25, 2024, 10:43:50 PM
#44
Hate it or love it, Bitcoin is Crypto. No matter how you want to treat it, it is a cryptocurrency just like we have many others. What I get from people most times is how they think that crypto is a scam and this is always caused by some altcoin, etc. So any thing said about crypto in general or accusations about it still ends up hitting all innocent cryptocurrencies, especially Bitcoin. But it is what it is.

Exactly, that's my thought. Yeah, there are a lot of scams in the crypto space, but scam schemes always existed with fiat too, people still use it, and they don't have the word "money" or "currency". Not calling BTC crypto because there are other coins that are used to do shady stuff is like not calling yourself an American, when you're an American, just because you don't like what some other Americans do. That doesn't define you, just like it doesn't define BTC.

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 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.
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April 25, 2024, 10:17:45 PM
#43
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.
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April 25, 2024, 10:03:54 PM
#42
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 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.
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April 25, 2024, 06:22:47 PM
#41
Hate it or love it, Bitcoin is Crypto. No matter how you want to treat it, it is a cryptocurrency just like we have many others. What I get from people most times is how they think that crypto is a scam and this is always caused by some altcoin, etc. So any thing said about crypto in general or accusations about it still ends up hitting all innocent cryptocurrencies, especially Bitcoin. But it is what it is.

Exactly, that's my thought. Yeah, there are a lot of scams in the crypto space, but scam schemes always existed with fiat too, people still use it, and they don't have the word "money" or "currency". Not calling BTC crypto because there are other coins that are used to do shady stuff is like not calling yourself an American, when you're an American, just because you don't like what some other Americans do. That doesn't define you, just like it doesn't define BTC.

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.
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April 25, 2024, 05:32:02 PM
#40
It's pretty interesting, OP!
As an ordinary member of the forum, I am of the opinion that there is no problem with using the term crypto. Because of this forum I think every member here is well aware of the difference between crypto and Bitcoin. That is, by comparing the two, one can recognize that Bitcoin is Bitcoin and Altcoin is Altcoin. So if someone uses the word crypto here, it does not mean scam, because the people of this forum know that all crypto is not a scam scheme, but the foundation of cryptocurrency is Bitcion, so Bitcion is also included in this cryptocurrency. If a person calls all cryptocurrency a scam, his claims will definitely be implied on Bitcoin, which is also a scam. but in fact it doesn't make sense to me.
 
So it is true that when people hear the name crypto, scams, shitcoin, or pump dump, they come to mind, but in fact it is not a cryptocurrency scam scheme, some things have been defamed by shitcoin and scam coins. And now this crypto word has become popular among people. Now it is difficult to understand these people.
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.
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April 25, 2024, 04:22:04 PM
#39
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. 
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April 25, 2024, 04:14:37 PM
#38
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
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April 25, 2024, 03:50:25 PM
#37
crypto is more of a shortened word for all cryptocurrency

however some define individual coins differently
digital assets, digital commodities, tokens, coins, meme-stock, crap coins
deflationary currencies,

there is no law on how you define it, there is no law forcing everyone to call bitcoin a 'crypto'.
just use terms that describe them properly(good adjectives/nouns) and make the descriptor popular

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.

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
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April 25, 2024, 03:11:34 PM
#36
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'.

Cool
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April 25, 2024, 02:53:40 PM
#35
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.
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April 25, 2024, 02:03:42 PM
#34
Hate it or love it, Bitcoin is Crypto. No matter how you want to treat it, it is a cryptocurrency just like we have many others. What I get from people most times is how they think that crypto is a scam and this is always caused by some altcoin, etc. So any thing said about crypto in general or accusations about it still ends up hitting all innocent cryptocurrencies, especially Bitcoin. But it is what it is.
Totally agree!
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April 25, 2024, 06:11:08 AM
#33
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.
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.
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April 25, 2024, 05:42:23 AM
#32
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.
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.
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April 25, 2024, 05:00:44 AM
#31
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.
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April 25, 2024, 03:37:32 AM
#30
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.
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April 25, 2024, 03:05:34 AM
#29
Hate it or love it, Bitcoin is Crypto. No matter how you want to treat it, it is a cryptocurrency just like we have many others. What I get from people most times is how they think that crypto is a scam and this is always caused by some altcoin, etc. So any thing said about crypto in general or accusations about it still ends up hitting all innocent cryptocurrencies, especially Bitcoin. But it is what it is.

Exactly, that's my thought. Yeah, there are a lot of scams in the crypto space, but scam schemes always existed with fiat too, people still use it, and they don't have the word "money" or "currency". Not calling BTC crypto because there are other coins that are used to do shady stuff is like not calling yourself an American, when you're an American, just because you don't like what some other Americans do. That doesn't define you, just like it doesn't define BTC.

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  Grin Grin.
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April 25, 2024, 02:57:44 AM
#28
What do you think the cryptocurrencies should be called?
Altcoins.

Quote
How do you propose to change an already established concept?
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.
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April 25, 2024, 02:54:07 AM
#27
crypto is more of a shortened word for all cryptocurrency

however some define individual coins differently
digital assets, digital commodities, tokens, coins, meme-stock, crap coins
deflationary currencies,

there is no law on how you define it, there is no law forcing everyone to call bitcoin a 'crypto'.
just use terms that describe them properly(good adjectives/nouns) and make the descriptor popular

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.
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April 25, 2024, 02:45:01 AM
#26
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" ? Smiley 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.
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April 25, 2024, 02:12:46 AM
#25
What I can conclude is that I am reading from a joker Grin, 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.
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April 25, 2024, 02:11:09 AM
#24
Crypto would not have that looks and such a bad reputation if there were no scammers that existed in the real world. We blame them as they are the main reason why many people are afraid to invest and think that crypto in general is a Ponzi Scheme. No matter what we do and even if it is not named crypto, these scammers will destroy it.

Might giving a new name is somewhat helping to avoid confusion but most of all, proper education is definitely what we need. More people buy Bitcoin, yet they don't have knowledge about it which still ends up losing them and falling into using fake wallets, exchanges, etc.
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April 25, 2024, 01:48:51 AM
#23
Hate it or love it, Bitcoin is Crypto. No matter how you want to treat it, it is a cryptocurrency just like we have many others. What I get from people most times is how they think that crypto is a scam and this is always caused by some altcoin, etc. So any thing said about crypto in general or accusations about it still ends up hitting all innocent cryptocurrencies, especially Bitcoin. But it is what it is.

Exactly, that's my thought. Yeah, there are a lot of scams in the crypto space, but scam schemes always existed with fiat too, people still use it, and they don't have the word "money" or "currency". Not calling BTC crypto because there are other coins that are used to do shady stuff is like not calling yourself an American, when you're an American, just because you don't like what some other Americans do. That doesn't define you, just like it doesn't define BTC.
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April 25, 2024, 12:23:56 AM
#22
BTC> I don’t like the term “crypto” …Not only because it distorts the field of cryptography, but it is also very much related to scam schemes, perpetrated by individuals who have 70% pre-mined coins, create pseudo-decentralized systems, and register trademarks, among other tactics…
No one is asked to like and you are free to express your opinion in a public space like this, the connection between fraud and crypto is always a distortion and even Bitcoin itself is always associated with it. An important lesson that we can learn is a person's way of thinking because fraud does not occur if people do not feel guilty about accepting information without verifying it first. In fact, what I see is that this industry is increasingly developing because of the term crypto because public media will continue to play its role as a place for promotion.

I'm just making an analogy but for different individual understandings because I don't have an argument to refute the facts. So whatever you call it, perhaps the level of fraud is not based on the name of the product but rather the stupidity of individuals who cannot verify its truth. So where is the mind as a place to process truth if it is not used?
jr. member
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April 24, 2024, 07:08:22 PM
#21
Anything that uses blockchain is crypto. So bitcoin is crypto!
That's so untrue! IOTA doesn't have a blockchain... All transactions are recorded on a private ledger. The point wasn't even based off of the fact that cryptocurrencies don't have blockchain so what are you saying?
Excuse me, I was wrong. I don't really mess around with alts much, but you're right. I think IOTA uses something called Tangle (correct me if I'm wrong), and it doesn't solve blocks or something like that? To be fair, its functionality is very similar to blockchain.


I prefer the term "timechain" because it highlights Bitcoin's function as a chronological record of transactions, just like Satoshi Nakamoto envisioned...

Source: Bitcoin Magazine Article
BITCOIN’S BLOCKCHAIN IS THE TIMECHAIN, LET’S CALL IT THAT
Calling Bitcoin’s blockchain the “timechain” would honor Satoshi’s intention and help clear up altcoin misdirection.
https://bitcoinmagazine.com/culture/bitcoins-blockchain-is-the-timechain

BTC>
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April 24, 2024, 06:56:46 PM
#20
Hate it or love it, Bitcoin is Crypto. No matter how you want to treat it, it is a cryptocurrency just like we have many others. What I get from people most times is how they think that crypto is a scam and this is always caused by some altcoin, etc. So any thing said about crypto in general or accusations about it still ends up hitting all innocent cryptocurrencies, especially Bitcoin. But it is what it is.
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April 24, 2024, 06:32:12 PM
#19
Anything that uses blockchain is crypto. So bitcoin is crypto!
That's so untrue! IOTA doesn't have a blockchain... All transactions are recorded on a private ledger. The point wasn't even based off of the fact that cryptocurrencies don't have blockchain so what are you saying?
Excuse me, I was wrong. I don't really mess around with alts much, but you're right. I think IOTA uses something called Tangle (correct me if I'm wrong), and it doesn't solve blocks or something like that? To be fair, its functionality is very similar to blockchain.
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April 24, 2024, 04:52:38 PM
#18
Anything that uses blockchain is crypto. So bitcoin is crypto!
That's so untrue! IOTA doesn't have a blockchain... All transactions are recorded on a private ledger. The point wasn't even based off of the fact that cryptocurrencies don't have blockchain so what are you saying?
BTC> I don’t like the term “crypto” …Not only because it distorts the field of cryptography, but it is also very much related to scam schemes, perpetrated by individuals who have 70% pre-mined coins, create pseudo-decentralized systems, and register trademarks, among other tactics…
it has created a very Stern impression in our minds - coupled with the rug pull over the years on CEX - people tend to look at bitcoin in disdain when it's collectively Called among cryptos..
You see, learning is a process that never denies an impartation...As a result, people have seen the relentless evolvement overtime and, Bitcoin doesn't have to prove itself through several more decades.
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April 24, 2024, 04:48:06 PM
#17
I actually don't have any issue with the term, maybe because I'm not a lame person to the term. Thinking about it now, I don't use the term often, I usually use bitcoin or altcoins.
I've always seen crypto as an abbreviated form of cryptocurrency and nothing more, never related it to scams too.

The term on its own has no negative meaning. People will always make whatever meaning in whatever way they want. There are people whose brains just ring scam when they hear "bitcoin". Bitcoin is not at fault here but for those who have refused to understand what it is, the same applies to crypto.
Only people who are not enlightened on this subject think of scams when they hear crypto. Everybody here knows there's bitcoin and there are altcoins but they're all cryptocurrencies.
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April 24, 2024, 04:35:44 PM
#16
Anything that uses blockchain is crypto. So bitcoin is crypto!
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April 24, 2024, 04:32:13 PM
#15
crypto is more of a shortened word for all cryptocurrency

however some define individual coins differently
digital assets, digital commodities, tokens, coins, meme-stock, crap coins
deflationary currencies,

there is no law on how you define it, there is no law forcing everyone to call bitcoin a 'crypto'.
just use terms that describe them properly(good adjectives/nouns) and make the descriptor popular
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April 24, 2024, 03:25:49 PM
#14
It's pretty interesting, OP!
As an ordinary member of the forum, I am of the opinion that there is no problem with using the term crypto. Because of this forum I think every member here is well aware of the difference between crypto and Bitcoin. That is, by comparing the two, one can recognize that Bitcoin is Bitcoin and Altcoin is Altcoin. So if someone uses the word crypto here, it does not mean scam, because the people of this forum know that all crypto is not a scam scheme, but the foundation of cryptocurrency is Bitcion, so Bitcion is also included in this cryptocurrency. If a person calls all cryptocurrency a scam, his claims will definitely be implied on Bitcoin, which is also a scam. but in fact it doesn't make sense to me.
 
So it is true that when people hear the name crypto, scams, shitcoin, or pump dump, they come to mind, but in fact it is not a cryptocurrency scam scheme, some things have been defamed by shitcoin and scam coins. And now this crypto word has become popular among people. Now it is difficult to understand these people.
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April 24, 2024, 03:22:00 PM
#13
I feel the same, although not as strongly about crypto as I don't associate it with scams, but when I hear the term all I can think of is shitcoins.

I used to refer to the whole industry as crypto space, but the longer I remain a bitcoin holder the more I want people to dissociate it from bitcoin.
Cryptocurrencies - sounds fine.
Crypto - sounds like NFTs, shitcoins and scam coins.
Unfortunately we have no influence on how other people refer to this market, and since many of them have no idea about what they are talking about, it is natural they mix all kind of terms, to me bitcoin is bitcoin, and whenever I want to address it I do so by its name and avoid doing so indirectly, so when I hear the term crypto I think about cryptography and not cryptocurrencies, so I will admit that when I hear someone using that term when referring to cryptocurrencies, I need to take a pause to understand what they really mean.
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April 24, 2024, 02:51:42 PM
#12
Sympathize with the OP's personal issue, but really to me it doesn't make much of a difference because it's simply a term to use as a means of communication. I also use "crypto" often and it wasn't until you mentioned this that I thought a little more, and asked the question "Does it make us unhappy?"

So sometimes in life there are many things that come from a personal point of view and create discussion (debate), but in essence, it is similar to how they call A, B, C. Smiley . Simplify your thoughts and don't make them complicated.
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April 24, 2024, 02:48:40 PM
#11
You have just explain the fact about that word "crypto", but truth is that that word as stuck to the hearts of a majority of individuals in the blockchain space. As a matter of fact, most people have even mistaken the alt coins for Bitcoin, and they now generally refer to Bitcoin as crypto. It is now like the saying, "If you can't beat them, you join them." Despite saying that, I still hate it when some people don't spell out Bitcoin when making reference to it but rather say crypto. 
legendary
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April 24, 2024, 02:23:58 PM
#10
Hmm, whether you like it or not it is a fact that most people do use it in flow, I would agree with most of the points you've mentioned that yup there's a dark reality behind this term but buddy every image possesses the dark and light spots, and it's up to you that what you discover in the first look.

Anyway, the things are described in the figures haha and where is figure 1.1, it seems like you've copied some of the stuff it's just my blind attack, you should explain it a little bit bro. Bitcoin is Bitcoin and Crypto is Crypto haha initially wanted to comment a joke but I cant firstly I want to know about he figure haha.
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April 24, 2024, 02:13:31 PM
#9
I feel the same, although not as strongly about crypto as I don't associate it with scams, but when I hear the term all I can think of is shitcoins.

I used to refer to the whole industry as crypto space, but the longer I remain a bitcoin holder the more I want people to dissociate it from bitcoin.
Cryptocurrencies - sounds fine.
Crypto - sounds like NFTs, shitcoins and scam coins.
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April 24, 2024, 01:53:25 PM
#8
BTC> I don’t like the term “crypto” …Not only because it distorts the field of cryptography, but it is also very much related to scam schemes, perpetrated by individuals who have 70% pre-mined coins, create pseudo-decentralized systems, and register trademarks, among other tactics…

This is so true. Crypto for the uninformed, uneducated is synonymous with scams.

Plenty people in my community have fallen prey to different forms of crypto scams and it is the reason why bitcoin education and awareness was met with a hostile attitude and mindset when it was introduced to them.

It took a lot of effort to make them see that bitcoin is not crypto and it is not a scam.

Even the government didn't help in no small way, with their outright ban on "crypto" transactions because for them, it facilitated lots of scams. However, the situation has improved and people know better to differentiated the two. And yes, I am with you on not liking the term "crypto".
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April 24, 2024, 01:24:58 PM
#7
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.
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April 24, 2024, 01:10:59 PM
#6


That’s why my mantra is “Bitcoin NOT Crypto”..
BTC>
Crypto can be interpreted very generally because there are so many types with different names. Calling Bitcoin a crypto is not correct in many ways because there is only one Bitcoin which is abbreviated as BTC, not WBTC, BCH and others that I don't know about.

If Bitcoin is referred to as crypto, it is not surprising that some people equate all types of crypto in the crypto space as the same. If one of the cryptos is invested and the person is deceived, then Bitcoin will be included in that section. Obviously that is not true because Bitcoin (BTC) is not a scam coin.
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April 24, 2024, 12:19:44 PM
#5

That’s why my mantra is “Bitcoin NOT Crypto”..
BTC>
the reality is that as long as this whole ecosystem is concerned, the analogy regarding if it's right or not to look at Bitcoin as one of the cryptos will always be a subject to be discourseed and outside of those of us that are in the system and understands that this is an ecosystem that's made of Bitcoin vs cryptos (be it an altcoin that has been doing well or a meme coin that's just Relevant due to the hype, others from the outside world don't probably have this kind of knowledge.

Even those that invest in those cryptos already know that those kind of investment is for a temporary bases and that's why whenever they are  in slight profit, they shift it all into Bitcoin which serves as a long term investment medium. Even when we talk about the issue of adoption, it sucks to even make use of the word crypto adoption, in place of Bitcoin adoption and I doubt if there is anything as that. What's real big deal is Bitcoin and any other shit out there is just deriving her relivance from the crumbs that falls off the table of Bitcoin.
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April 24, 2024, 12:03:31 PM
#4
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.
mk4
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April 24, 2024, 11:48:02 AM
#3
Not a fan of it either because cryptography aside, 'crypto' sounds so edgy like it's some sort of teenager counterculture thing. But yea what can we do — it's now pretty much a household word that it's too late to change. Even 'DeFi' and 'WEB3' didn't stick as much as 'crypto'.
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April 24, 2024, 11:38:55 AM
#2
Me neither, luckily people are starting to differentiate bitcoin from other crypto, that is a good start
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April 24, 2024, 11:35:21 AM
#1
BTC> I don’t like the term “crypto” …Not only because it distorts the field of cryptography, but it is also very much related to scam schemes, perpetrated by individuals who have 70% pre-mined coins, create pseudo-decentralized systems, and register trademarks, among other tactics…

The term ‘crypto’ brings to mind Schneier, B. (2015) ‘Applied Cryptography: Protocols, Algorithms, and Source Code in C. 20th Anniversary Edition.’ Indianapolis, Indiana: Wiley. in Chapter 1…”

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.

(If you want to follow the ISO 7498-2 standard, use the terms “encipher” and “decipher.” It seems that some cultures find the terms “encrypt” and “decrypt” offensive, as they refer to dead bodies.)

The art and science of keeping messages secure is cryptography, and it is practiced by cryptographers. Cryptanalysts are practitioners of cryptanalysis, the art and science of breaking ciphertext; that is, seeing through the disguise. The branch of mathematics encompassing both cryptography and cryptanalysis is cryptology and its practitioners are cryptologists. Modern cryptologists are generally trained in theoretical mathematics—they have to be.


That’s why my mantra is “Bitcoin NOT Crypto”..
BTC>
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