Naming the coin Time might imply ephemeral money that expires, but time can be captured in a more positive name...
After letting it all sink in, I've decided to go a different direction on the naming.
I've been trying to capture in the name several concepts in descending order of importance:
1. | Group agreement and coherence, i.e. consensus which is the entire point. |
2. | Community synergy, group or network effects as the backing of value and purpose. |
3. | Instantaneous. |
4. | Technophile technological appeal. |
5. | Intangible value. |
6. | Permission-less, autonomous control. |
7. | Value that is not too abstract to appreciate. Preferably not alien to technophobes. |
8. | Fungible value. |
9. | Locomotion store-of-value. |
And one trait I do not want in a name:
↯ | Similar phonetic misspellings. |
Each of the proposed name ideas captured some of those concepts, but no one name captured all of them. Here they are tabulated by score ranking with ↯ breaking ties and contributing a significant negative score.
sync | +1, 2, 3, +4 (8 for syncoin) | ≈5 |
vibe | 1, +2, +5, 7 | ≈8 |
clickz | +3, 5, 6, +7, 9, ↯ | ≈2 |
ion | 3, +4, 5, +9 | ≈6 for i-on |
zing | +3, +5, 8, +9, ↯ | ≈2, ≈7 |
virtual | 4, 5 | ≈8 |
metarial | 5, ↯ | ≈4, ≈8 |
+ means very strong and direct association to the concept.
≈ means a weak or indirect association to the concept.
In the table above, 'clickz' although strong in the most attributes, is entirely lacking the most important point of coherent consensus [1] and the association to group synergy [2] (i.e. the alternative "get along well" definition of 'click' and the indirect association of clicking to social interaction in cyberspace) is weak (i.e. not likely emphasized and recognized by most). Also although 'clicks' is a cybergood that is well appreciated, and is fungible in the sense that a click can be applied to a myriad of things, it is not a universal good and thus pigeon-holes the applicability. It is an efficient/expedient means of relating for example microtransactions but at the cost of losing generality.
Also it conflates the goods with the unit, e.g. "1.23 clicks" doesn't mean you get 1.23 opportunities to click a mouse. Examples of generality lost are block chain features such as BlocSign, digital assets, virtual contracts, and goods & services that have nothing to do with clicking such as making a phone call or paying a toll booth. Also 'clickz' has no strong appeal to futurists and technophiles. We justify as the optimum way to convey microtransactions, but is it really? If you are in a videochat, then you ask the person to send you some 'clickz' before you give English lessons. Seems that 'clickz' is not really general enough to be money. Facepalm me.
Since it is very difficult to find one name that hits all the desired attributes, I thought it may be better to have a separate names for the consensus network and the fungible value. It seems to be that 'sync' is the ideal name for the consensus network with block chain scaling, high TX/s, and block chain 2.0 features. Although it was used before, that
Sync project appears to be dead or dying (even the coin domain syncclub.net links to some page in chinese), their domains never had just 'sync' nor 'syncoin' nor 'synccoin', and their use was for a colored coin (not their own block chain) and backed assets, thus I don't think they can claim trademark over the use as a block chain and no centralized backing.
Thus I am adding a new proposed name:
sync
For the name of the fungible items, we can choose between:
ions
syncs
syncoins
vibes
virtuals
I am leaning towards individual choice to use either 'syncs' or 'syncoins' for the largest unit, and then we need to choose the smallest unit. My preference for the smallest unit is either 'vibes' or 'virtuals'. Although 'virtuals' is more abstract and generalized, I think 'vibes' will make more sense to more people in a social networking setting. For a purely technical audience, 'ions' is great but the project name 'sync' already satiates the technophile demographic, so shouldn't we select a smallest unit that caters to the masses? Also 'vibes' is sort of wave-like or ambiance which is apt for the minute, particle-like quality of the smallest unit. If you are in a videochat, then you ask the person to send you some 'vibes' or 'syncoins' before you give English lessons, because 'ions' doesn't seem to have any natural (innate) meaning in that context.
If the smallest unit is a millionth of the largest unit and 1 billion large units are created, then in the extreme scenario of widespread adoption if the market cap is $1 trillion with an exchange price of $1000, then each smallest unit is priced at a thousandth of a dollar (a tenth of a penny or cent). In the less extreme scenario that corresponds to some mass adoption if the market cap is $1 billion with an exchange price of $1, then each smallest unit is priced at a millionth of a dollar. Disclaimer: these are not projections nor expectations of future value, rather scenarios that if reached would have the stated relationships.
In both of those scenarios the user can decide whether to quote the price in the largest or smallest units. Large units would always be expressed with a floating point number (number will a decimal portion) unless they are whole number multiples, and smallest units would be expressed with whole numbers and with 'k' appended to the number if the quantity has only zeros for the last three digits. So for example, one could alternatively quote a price as "1.23 sync(oin)s" or "1230k vibes". A micropayment could be quoted for example "0.000123 sync(oin)s" or "123 vibes".
We could allow values to be expressed in tenths, hundreds, or thousands of the smallest unit, to add more range without burdening the normal price quotation usage with extra digits.
I am visualizing a logo for 'sync' where the right side of the 'n' and the left side of the 'c' are interlocking gears. Or especially if using allcaps, then the 'C' has clock hands drawn inside of it.
The logo for 'vibe' will be a background of wavy lines (e.g. in black) with the word 'vibe' etched out as same color as the background (e.g. in white).
The logo for 'ion' would be an orbiting ion for the 'o' and a lightning bolt come from left, bottom, behind, and through the 'n' to the upper, right. The 'i' could optionally have the same treatment as for 'clickZ'.
For 'clickZ' I thought of making the dot on the 'i' have the "clicked" lines as I showed in the prior post at the finger point
. The 'Z' would have the fast blurring trails effect I showed for the Downloadfast logo
but in the transposed direction.
For 'virtual' the letters would take the places of the nodes shown on the network
.
If we don't use ion (ion.cash domain), I will offer to donate this smooth (appreciation for all his interaction and help in the past) if he wishes to use it instead of Aeon. Or to another serious coin. It is a good name especially for a technology (technophile) focused coin.
Edit: I don't feel particularly great in my conscience in discovering that the name I like a lot 'sync' (which has been in mind for the past few days) was used before in another crypto project. However, generally speaking a trademark only applies globally if their venture had global reach and/or has the financial power to enforce their trademark. But this name was used for a project that hasn't gained any significant adoption, thus has nearly 0 reach nearly a year after launch. And the former project was apparently not even a block chain and only a colored coin on the Bitcoin block chain with some hokey idea of selling domain assets to back the colored coins. It appears to be failed concept (backed colored coin assets on a decentralized Bitcoin block chain), very minuscule reach, and not even precisely in the same category. What a shame to waste on a hokey concept, a great name for a block chain synchronicity innovation. Also since it appears to me to be
an unregulated investment security, then I believe it is illegal, void, and thus vacated.
Edit#2: I am leaning at the moment very emphatically towards project name Sync (block chain revolution) with social media microunit of 'vibes', probably regardless what the votes say, unless I have a change of thinking. I have to let these names sit with me for some time to be sure I have thought through potential pitfalls.