Topic: Is "cryptocurrency" a good term? (Read 1479 times)

Yea, i thought the same thing too. First times I learn about CC, I argued about the term. "Why not, like, virtual currency? Or altercurrency?" 

Yeah definitely. I think not all cryptos nowadays focus a lot on "Crytography", however it sort of serves as a general term for a computer/technology based currency which is cool

Crypto - from the Greek kryptos secret, hidden.
That is, the crypto currency is the encrypted code, which can be recognized by various calculations on a super-powerful computer. For the right answer, a person who is trying to guess, receives a monetary reward.
Basically, everyone is used to using this term and discussing the name change at least meaninglessly

I agree with you, the word cyptocurrency is not the best word to describe this complex system. But I think we can't do much about it, since every person knows cryptocurrency as a cryptocurrency. 

Cryptic means some hidden matters. Miners does some mathematical problems which is really cryptic and currency means money . So cryptocurrency is a proper term.

I prefer "digital currency", we use them above all for their virtual character that for their encrypted character, that's my opinion.

I was listening to a podcast, (I think it was Crypto Bobby and his interview with the Clay Collins) and they were discussing different terms for CryptoCurrency. They discussed using the term "Digital Assets", I think that is a better broad term description.

I don't like the word Cyptocurrency at all, and I agree with you, it doesn't really describe the coins/market/use cases very well... not even bitcoin imo.  Bitcoin's two major use cases to me are store of value and a liaison between USD and other coins as a go through... Currency implies that it is indeed a currency and works as a digital money where as in my opinion atleast in the common use of this term it does not.... 1) its too volatile to bused as a currency 2) its too slow for everyday purchases as a currency and 3) too high of fees (atleast with bitcoin) to be used as an everyday currency.. atleast until lightning network is out. The problem for me comes in the question of "What is a better term?"  Is Cryptocommodity any better? is Blockchain Coins any better? The thing cryptocurrency has going for it is the name atleast flows correctly and doesn't sound like two words forced together like some of the other things that would describe it better... What about Digital Assets?  Kind of really broad but atleast sounds decent... oh well I guess at the end of the day it is what it is, but I wish I could go back in time and ask the people at meeting deciding general names that they spend a bit longer and really think about what the name implies and how it can be abused by the media and skeptics.

at least it beats virtual currency which is a term i find seriously annoying.

there's lots of terminology that isn't actually a very good fit when you think about its literal meaning. having said that cryptography is one of the key foundations of what makes bitcoin possible so it's not a totally frivolous name.

like so many other things it's too late now to change it and at least satoshi himself came up with the term. that's good enough for me.

I do not see any wrong in the term ''CRPTOCURRENCY" .It is the term being used from inception of Bitcoin that denotes all what the Digital money on line entails. It proves that the currency in question is a kind of ecrypted money which is anonymously /secured from being scammed or cheated unless with carelessness . It also shows that another type of special currency exist somewhere which can also be used for goods and services but with modification.

yes, I think so

You are at some point right but now even if it isn't very explicit people are aware of what it defines. At this time the term "cryptocurrrency" is understood as the digital currency and all the free and decentralized aspect are somehow linked to the word.

Yes that is the right word to describe the digital currency and it is not a decentralized word to describe the digital currency. The word crypto means to encrypt data for bitcoin. That is the challenge for mining bitcoin. These crypto word are the data were being made in a unique manner so that it will not compromise its value which makes the bitcoin to be more secured. You need to decrypt all of these data before you get the bitcoin. And these process could take several days, weeks or months to decrypt the data. So which means crypto is a word which could not be compromise the bitcoin value so does the decryption of the bitcoin data.

every innovation in the start was not accepted, same holds true for cryptocurrency as well. In start, no body took it seriously so whoever named it cryptocurrency, was accepted. but it serves the purpose and is valid as well.

Right now it is too late to call it anything but crypto currency, but as language continues to evolve the definition of the word cryptocurrency will continue to evolve with it.  Just like the word "literally" has now taken on the meaning of figuratively to fit with the use of the word, cryptocurrency will continue to evolve to fit the meaning that people have given it.  The word may not seem 100% accurate now, but it will become what the world wants it to be.

Cryptocurrency or digital currency. But it seems like cryptocurrency will stick as a term!

 "Crypto" word does not describe the main properties, decentralization and openness, cryptography is simply a tool for achieving them, and doesn't necessarily bring those properties. Crypto that is Cryptography that represents encrypted or coded and currency that is money, what comes to mind is an encrypted currency

I don't see anything wrong with the term, especially that you're not offering a substitute.  The term is already established, like others have mentioned, and it's performing well as it's easy to pronounce and unique.

The opponents will always find something to criticize. You make another term and they will start by saying that you are running from the term currency because you know it's not one and can't be used in this form (which of course is not true).

It would be pretty hard to change the term now it might sounds jargonic but the knowledge has been spread and its like killing another faith because it seems odd to your perspective. Their is more to learn in the digital world it only shows that not all are prepared to enter this world they only want something for their own and not for the industry.

I think they used that term for new people in the subject to know what they're talking about, like Crypto that is Cryptography that represents encrypted or coded and currency that is money, what comes to mind is an encrypted currency or a coded currency in network