Topic: Why do we not change the name of the original Bitcoin? - page 3. (Read 947 times)
Bitcoin is bitcoin, it is original. Bitcoin gold, 2x and others are new coins, they are altcoins. BTC is BTC not others, everyone want to change btc to other names, it will not change the coin and the price, btc will be btc not original btc.
In my opinion, we're good with just "bitcoin", if you're worrying about investor confusion, let them be confuse. It's probably their fault when their confuse not doing their research to make an informed decision.
Doesn't Bitcoin just being "Bitcoin" imply that it's the original one? I feel like that's enough of a distinction. This way, basically everything Bitcoin with a suffix is an altcoin.
But yeah, all these forks are just ridiculous, and are confusing to people new to the cryptocurrency scene. I don't think we can do anything about it though. The only real solution is for people to educate themselves. If they end up buying the wrong coin, they're probably not cut out for cryptocurrency in the first place.
But yeah, all these forks are just ridiculous, and are confusing to people new to the cryptocurrency scene. I don't think we can do anything about it though. The only real solution is for people to educate themselves. If they end up buying the wrong coin, they're probably not cut out for cryptocurrency in the first place.
I think that change name of original BTC from BTC to anything else would be wrong and completely unnecessary.What people recognize as the only original is marked with BTC so there should not be too much confusion.It would be good that Bitcoin name was protected on some way so others can not use it today for some altcoins which are only more or less bad copies of BTC.But today's copies and those that will just come certainly create a some confusion, especially for those who encountered BTC for the first time.
Only people who has known about Bitcoin before these forks would have known that BTC is short for Bitcoin. For us this is second nature, but for new people this is confusing. I had two friends who had phoned me to ask why the price of Bitcoin dropped to $400 and I had to explain to them that it was not BTC.
We will not be able to change the white paper
I think that change name of original BTC from BTC to anything else would be wrong and completely unnecessary.What people recognize as the only original is marked with BTC so there should not be too much confusion.It would be good that Bitcoin name was protected on some way so others can not use it today for some altcoins which are only more or less bad copies of BTC.But today's copies and those that will just come certainly create a some confusion, especially for those who encountered BTC for the first time.
We have seen a lot of Bitcoin forks with the Bitcoin name being used to piggy back on it's popularity. These coins market themselves with supposed superior brands and names like Bitcoin Gold and Bitcoin Cash.
These names might become confusing with every new fork, because we will soon see forks like Bitcoin Platinum and Bitcoin Ultimate.
Why should we not officially rename Bitcoin to Bitcoin Original for people to make a clear distinction between the original Bitcoin and the rest? New investors might buy one of these Alt coins, mistaking it for the original/legacy coin?
Just a thought. ^smile^
These names might become confusing with every new fork, because we will soon see forks like Bitcoin Platinum and Bitcoin Ultimate.
Why should we not officially rename Bitcoin
Just a thought. ^smile^
any one can make his own virtual coin and use any name . we all know how bitcoin success and how price of BTC increase fast , new economizes try to make fast money using bitcoin name so for newbie when you find bitcoin have 7,000$ and keep increase and other coin(have same bitcoin name) have 300$ you will think other coin will increase fast like bitcoin so this call economic trick and any company use this may be scam and will end fast
Really if an investor wants to invest in a coin that they'll probably see as falling from $7000+ to $200+ they're a bit crazy.
The bitcoin tickers are normally easier to find on sites like exchanges and it does open an opportunity to get into cryotocurrency with smaller amounts if they want to use the other chains as a test.
That being said, if we get a lot of forks with propagating blockchains, maybe better to change the name of bitcoin gold and bitcoin cash and the forks to come.
The bitcoin tickers are normally easier to find on sites like exchanges and it does open an opportunity to get into cryotocurrency with smaller amounts if they want to use the other chains as a test.
That being said, if we get a lot of forks with propagating blockchains, maybe better to change the name of bitcoin gold and bitcoin cash and the forks to come.
First of all, doesn't this thread belong under "Bitcoin discussion" possibly?
I personally think that the name should remain the same, since then some else coin could steal the "Bitcoin" name and we would be left with Bitcoin Classic right?
I do not think that changing any names or tickers will solve anything because then we would have Bitcoin Classic Gold, Litebitcoin Classic and so on. People will continue making copycats for sure when talking about open source software because it can be done so quickly and just changing few things.
I personally think that the name should remain the same, since then some else coin could steal the "Bitcoin" name and we would be left with Bitcoin Classic right?
I do not think that changing any names or tickers will solve anything because then we would have Bitcoin Classic Gold, Litebitcoin Classic and so on. People will continue making copycats for sure when talking about open source software because it can be done so quickly and just changing few things.
We have seen a lot of Bitcoin forks with the Bitcoin name being used to piggy back on it's popularity. These coins market themselves with supposed superior brands and names like Bitcoin Gold and Bitcoin Cash.
These names might become confusing with every new fork, because we will soon see forks like Bitcoin Platinum and Bitcoin Ultimate.
Why should we not officially rename Bitcoin to Bitcoin Original for people to make a clear distinction between the original Bitcoin and the rest? New investors might buy one of these Alt coins, mistaking it for the original/legacy coin?
Just a thought. What would the technical implications be? What needs to change? ^smile^
These names might become confusing with every new fork, because we will soon see forks like Bitcoin Platinum and Bitcoin Ultimate.
Why should we not officially rename Bitcoin
Just a thought. What would the technical implications be? What needs to change? ^smile^
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