Why do you even care about this?
Cryptocurrency,blockchain money or digital coins,I don't care how should we call them.
We could call them decentralized money,if you want.Thiswould distinquish them from the centralized fiat money.
Topic: Is crypto-currencies is a right term to refer bitcoin and altcoins together ? - page 2. (Read 215 times)
February 09, 2019, 07:39:52 AM
February 09, 2019, 07:36:32 AM
Not all cryptocurrencies are using blockchain technology.
Iota fot example uses direct acyclic graphs, a different technology, butt it also uses cryptography.
Cryptocurrency is a more general terminology
You are right, but many cryptocurrency adopt blockchain technology. Inevitably we have to admit that the blockchain is a pioneer of cyrptocurrency with all its features. Iota fot example uses direct acyclic graphs, a different technology, butt it also uses cryptography.
Cryptocurrency is a more general terminology
February 09, 2019, 05:13:45 AM
we must have easy term for making it to main stream adoption yet it must have meaningful representation.
Cryptocurrency is not a complicated terminology and it surely is not hindering bitcoin or other cryptocurrencies from going mainstream, and is apt in representing what digiatal currencies represent.
Crypto- represents it's virtual state and also it's cryptographic design.
February 09, 2019, 05:05:25 AM
crypto is indeed very suitable to go to altcoin and bitcoin, for me all three are the same, as well as assets in digital
February 09, 2019, 02:48:14 AM
Not all cryptocurrencies are using blockchain technology.
Iota fot example uses direct acyclic graphs, a different technology, butt it also uses cryptography.
Cryptocurrency is a more general terminology
Iota fot example uses direct acyclic graphs, a different technology, butt it also uses cryptography.
Cryptocurrency is a more general terminology
February 09, 2019, 02:33:26 AM
Cryptocurrency can also be referred to as digital currency that is powered by technology the blockchain technology.
Bitcoin is a digital currency and so are altcoins.
So you won't be wrong referring to both as cryptocurrency
Bitcoin and altcoin are part of digital currencies, while we all call cryptocurrency in particular. this is because the context of the mention of digital currencies is far wider and not only Crypto. At this time crypto had such a great appeal that the majority of users on the internet began to apply crypto in their financial transactions. Bitcoin is a digital currency and so are altcoins.
So you won't be wrong referring to both as cryptocurrency
February 09, 2019, 02:28:53 AM
Cryptocurrency can also be referred to as digital currency that is powered by technology the blockchain technology.
Bitcoin is a digital currency and so are altcoins.
So you won't be wrong referring to both as cryptocurrency
Bitcoin is a digital currency and so are altcoins.
So you won't be wrong referring to both as cryptocurrency
February 09, 2019, 02:23:46 AM
a cryptocurrency is a currency or payment system that is based on cryptography. so yeah, it is correct to use that term for both bitcoin and altcoins as long as the altcoin is also a "currency" although everything becomes a blur when it comes to altcoins since majority of them are purely pump and dumps so you can't consider them as "currencies".
using the term "blockchain" in it is false in my opinion because blockchain is only representing that "database" or the chain of blocks and is not necessarily used by "cryptocurrencies" it can be used for other purposes too. not to mention that cryptocurrencies don't have to be based on blockchain either. there are other technologies, for example AFAIK, DAG is not a blockchain but DAG coins are cryptocurrenices because they are using cryptography.
using the term "blockchain" in it is false in my opinion because blockchain is only representing that "database" or the chain of blocks and is not necessarily used by "cryptocurrencies" it can be used for other purposes too. not to mention that cryptocurrencies don't have to be based on blockchain either. there are other technologies, for example AFAIK, DAG is not a blockchain but DAG coins are cryptocurrenices because they are using cryptography.
February 09, 2019, 02:01:53 AM
As far as I am concerned cryptography is being used by human race for 1000s of years and it may got improved into more complex levels with modern computing era.
Cryptography provides security to bitcoins hence it is just layer of security thing and it is not the actual part of what we are considering as bitcoins, right ? If it is so, is it right way to have a term crypto-currencies ?
I agree it is a term to represent bitcoins and other coins as no other money system is being secured this way. Yes, cryptocurrencies is just a term to distinguish bitcoins and altcoins from paypal or skrill.
Then what could be a right way to represent bitcoins and its clones in general ?
Might be BLOCKCHAIN-MONEY or BLOCKCHAIN-CURRENCIES having exact representation of bitcoins and altcoins by conceptual way. Probably it may be a hard term for non-technical people (even crypto too). Smart-money or digital-cash are easy terms for anyone but not exactly representing bitcoin-family. If you have any suggestion, please do mention, we must have easy term for making it to main stream adoption yet it must have meaningful representation.
Cryptography provides security to bitcoins hence it is just layer of security thing and it is not the actual part of what we are considering as bitcoins, right ? If it is so, is it right way to have a term crypto-currencies ?
I agree it is a term to represent bitcoins and other coins as no other money system is being secured this way. Yes, cryptocurrencies is just a term to distinguish bitcoins and altcoins from paypal or skrill.
Then what could be a right way to represent bitcoins and its clones in general ?
Might be BLOCKCHAIN-MONEY or BLOCKCHAIN-CURRENCIES having exact representation of bitcoins and altcoins by conceptual way. Probably it may be a hard term for non-technical people (even crypto too). Smart-money or digital-cash are easy terms for anyone but not exactly representing bitcoin-family. If you have any suggestion, please do mention, we must have easy term for making it to main stream adoption yet it must have meaningful representation.
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