Pages:
Author

Topic: Sunday off-topic - If not "bitcoin", then what? - page 2. (Read 260 times)

legendary
Activity: 2268
Merit: 18711
Do we know when the word "bitcoin" appeared for the first time? Are we 100% sure it was in THE PAPER?
The domain name bitcoin.org was registered two months before the whitepaper was released.

I was wondering why it is "bitcoin". (Someone with more advanced linguistic skills could probably help a lot).
I had always assumed it was a natural development from Szabo's bit gold, with the word coin chosen instead to reflect that fact it is a peer to peer currency.

Is "coin" the only word which could be used? "note", "check", "bill"?
I think these are worse. Checks depend on the authority of a centralized third party to be cashed in. Note or bill could work, but these words are not universal across the English speaking world. Coin is, on the other hand.

I think already a decade ago "e-" was used for "electronic" versions of given words, like e-mail or e-market.
eCash already existed - https://en.wikipedia.org/wiki/Ecash

And we have also the root of the whole concept, elliptic curve. If we would take "sec" from secp256k1, "seccoin" could be also extended to "secure coin".
Satoshi was aware of the possible need to transition to a different signature scheme in the future, which would make "sec" a poor choice - https://bitcointalksearch.org/topic/m.2133
legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
Bitcoin is only a name. The name does not make sense but the technology behinds Bitcoin, Blockchain technology is very important.

It's very long history of cryptography before we had Bitcoin and Blockchain technology in 2009.
legendary
Activity: 952
Merit: 1385
Do we know when the word "bitcoin" appeared for the first time? Are we 100% sure it was in THE PAPER?

I was wondering why it is "bitcoin". (Someone with more advanced linguistic skills could probably help a lot). "coin" seems be the easier part. It clearly indicates the thing has something to do with currency. Is "coin" the only word which could be used? "note", "check", "bill"? Maybe that could be interesting, as unspent output is usually an effect of many previous operations and depends on their result - any faulty previous operation makes the final result faulty.
Talking about "bit" I am not sure if it should mean the concept is related to IT (computers, digitalization etc) or it has something to do with computer bits as a unit. I think already a decade ago "e-" was used for "electronic" versions of given words, like e-mail or e-market. On the other hand I think "byte" was a more popular word related to computer thinks. And we have also the root of the whole concept, elliptic curve. If we would take "sec" from secp256k1, "seccoin" could be also extended to "secure coin".

I am curious what do you think about it, why these two words "bit + coin" were selected?
Pages:
Jump to: