Smartsync, smartbits, smartcash
I really appreciate the opportunities to see how others think and then respond with my thinking.
This appears to be in category, "descriptive name, e.g. clickz, mycash, bitoken, netoken, cyberbit".
What does smart say that is unique about our project or the target audience?
Smartdraw was a product that helped you draw because it was smart enough to know how shapes aligned, e.g. flow charting shapes.
I think what people want for the block chain network is consistency (no double spends, no errant scripts for programmable block chain), omnipresence, instantaneous, and powerful (programmable).
I think what people want from their currency is ubiquity, liquidity, stability, utility, permission-less, autonomous, fungible, and anonymous. I don't see how smart really talks to those attributes. I think it will be impossible to find one term that describes all those qualities. Thus I look at a high tech fundamental such as Ƀits as enabling all those qualities. K.I.S.S. then brand in the users experience and mind those qualities to the simplest term that can't have any copycat variants such as "Magicbits, Masterbits, Accubits, Bestbits, Pseudobits, Gurubits, Sagebits, Solidbits, Zepherbits, Fastbits, Instabits, etc". In 2014 I did a poll and one of the name choices was ubiqoin. The variants never end and thus none of them are brandable. It becomes a sea of altcoin names.
For the social networking currency, I think the target demographic wants it simple, fun, friendly. Want to capture that in name that they can relate to instantly. "Cha-ching" and "cool cash" seems to be a perfect fit. If we name it something else they might not get that it is money. It was clear that Facebook was a site for faces. Friendster was a site for friends. Monero is money I suppose, but is that as much fun to say as "send me some cool cash" or "send me some cha-ching"?
It is possible that coolbits is superior to coolcash. Thanks for causing me to think of that. I like the sound of coolbits.
Edit: I am getting sleepy so I my reasoning or expression of it may be lacking.
Afaics 'smart' doesn't speak to any unique brandable quality.
I am really liking 'coolbits', as it rolls off the tongue much better than "cool cash". It is congruent with the 'Bits' theme. And it has a social networking vibe to it, e.g. my 'privatebits' are cool. The reason I think 'coolbits' doesn't get lost in a sea of '___bits' names is because 'cool' fits the social networking demographic very well. Other descriptive words prepended to '____bits' do not appeal to the demographic, e.g. 'accubits'.
Also I thinking that in this self-publishing (two-way) media of the internet (as opposed to TV and printed media), that users want to express themselves. Although you want money to be universally accepted, people still may have preferences when speaking about money as a social internet concept. With crypto-tokens it should be possible to convert between them in real-time (assuming liquid markets) so that people can express themselves in terms of their preferred named token.
Thus maybe what I should do is have 3 merged-mined currencies with 3 different levels of debasement and money supply, so the market can express itself both in terms of naming preferences and also the complex interaction of different currencies with different rates of inflation and velocities of money. When you mine a winning block, you received some of each currency.
Debasement | Money Supply | Name & Currency Unit |
~0% | 1 billion | Ƀits |
~5% | 1 trillion | Cꙭlbits |
~10% | 1 quadrillion | ✨Cha-ching (or we chan if we prefer) |