I registered some domains today for a new name:
Cybit
Cybit.space
Cybit.me
Cybit.news
Cybit.info
Cyberbit.space
Cyberbit.me
Cyberbit.news
Cyber.fyi
Alternative name is:
Cyber
Any comments are welcome. I will run a poll on it some other time, assuming it is well received.
Although Ion was short, techie, and perhaps connotative of a micropayment ion exchange, I felt it wasn't really specific enough to money, networked information, new paradigms in cyberspace, etc. Also it was a bit too close to Aeon and I didn't want to feel I was ripping off their name.
I wanted a name that could both represent a fast zapped micropayment, and also referring to digital assets and programmable block chains in general. That would also work as a unit as well as a name, e.g. "send 5 cybits". I definitely wanted a brandable name, e.g. no permutations of "___Coin". I was a bit jealous of the new Iota (which was a name we had thought of in 2014 and not used). Although nubits is a permutation of "__Bits", I believe "Cyber+bits" is a more powerful connotation. Cybits seems to roll off the tongue much better than Bitcoin. Cyber.gold was available but my gf made a comment that cyber as complete two syllables connotates for her as the negatives of "cybersex" and "cyberchat". Whereas obscuring the full "cyber" in "cybits" lost the negative association for her. Cyber.gold, just seemed to confusing. How does a gold chain get into the the cyber realm? I asked her which term she would most let to utter when asking for a friend to send some over FB so she could fun a game. Cybits was her choice over both Cyber.gold and netgold. Also Bitcoin was a bit ambiguous in that it could mean "bit of a coin", instead of "bit of information coin". The "Cyber bit" doesn't seem to have that potential misinterpretation.
cy·ber
adjective
of, relating to, or characteristic of the culture of computers, information technology, and virtual reality.
"the cyber age"
synonyms: electronic, digital, wired, virtual, web, Internet, Net, online
"our relationship was more cyber than face-to-face"
bit
noun
a unit of information expressed as either a 0 or 1 in binary notation.
bit
noun
1
: a unit of computer information equivalent to the result of a choice between two alternatives (as yes or no, on or off)
2
: the physical representation of a bit by an electrical pulse, a magnetized spot, or a hole whose presence or absence indicates data
I was also inspired by the portion of the video linked from the following quoted post.
Definition of Bitcoin in the Evolution of Money
Watch the linked video. He nails this. Gold and silver are dinosaur relics now, as well paper, platforms, and institutions.
Andreas Antonopoulos
makes the point that what distinguishes decentralized crypto-currency from other forms of money, including digital money, is that it is a decentralized protocol, i.e. a language and not centralized platform or institution. Since I agree 100% with this definition and especially how he explains it in the context of the history of money, it appears to coincide with my view that the securities law applies to managed platforms and institutions and not to decentralized, unmanaged protocols. Thus if some group is controlling the protocol, I think they could be argued to be the managers of the "investment securities" which are the coins.
Thus I agree with the voter who voted that all crypto-currencies which have a group managing the protocol are thus "investment securities", regardless whether they sold the coins or not.
I highly recommend listening to that presentation by Andreas.