THELOGICALINDIAN - Bitcoin able Andreas Antonopoulos afresh batten at Barcelonas FabLab with his thoughts on the approaching of money as his accent was appropriately blue-blooded Interestingly the columnist of Mastering Bitcoin accepted that he dislikes the name Bitcoin and would rename it if he got the chance
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Bitcoin’s Name ‘Just Sucks’
Speaking in advanced of Barcelona’s Bitcoin community on March 24, Antonopoulos accepted that the name of the world’s aboriginal “network-centric” bill is “terrible” and unappealing to the accepted public.
“I absolutely like the abstraction of network-centric money,” he said. “In fact, in my opinion, the chat ‘Bitcoin’ is a abhorrent name. It aloof sucks.”
Bitcoin’s accessible angel has of advance suffered due to negative headlines in the press, consistent in abounding bodies advertence it with cyber abomination and the black market. But is Antonopoulos authoritative a accurate point in that the name is additionally a problem? Since it not alone sounds like article a computer beatnik would appear up with, but additionally doesn’t abduction the accurate aspect of this groundbreaking technology.
“If you’re a designer, anticipate about it for a second,” he continued. “’Bits,’ which either agency baby or it agency the being who aloof said that is a geek. None of which is ambrosial to the accepted population; and ‘coin’ — a concrete badge of money acclimated to call the atomic concrete anatomy of money we’ve anytime designed.”
It’s absolutely accurate that aloft audition the chat “Bitcoin,” your aboriginal thoughts are not about decentralized, peer-to-peer commerce, the “first anytime neutrality-exhibiting banking network,” as Antonopoulos himself puts it, or including billions of unbanked bodies in the all-around economy. So what name would a accomplished business aggregation appear up with if they got a adventitious to rename Bitcoin? Antonopoulos aggregate his best with the audience:
Indeed, article that bigger captures the functionality of the technology could gain added absorption with the accepted public. Though anytime back the name “Bitcoin” was coined by its abstruse creator, Satoshi Nakamoto, in 2008, there accept been hundreds of added cryptocurrencies actualization in its deathwatch all attempting to body on its success. Cryptocurrencies such as NXT, Dash (rebranded from Darkcoin), Stellar, and Monero are aloof some of the few examples of companies and communities activity their own way as far as names are concerned.
But Bitcoin has all but become a domiciliary name already, for bigger or for worse. It is assuredly the best apparent cryptocurrency today, and affairs are it will stick about for years to come. Meanwhile, thousands, if not millions of new cryptocurrencies will appear in the approaching beneath added marketable names, alms article new and alike bigger than the originator. But by that time, the name “Bitcoin” will apparently be perceived a accomplished lot abnormally than it does today.
You can watch the abounding allocution below:
Would you rename ‘Bitcoin’? What would you rename it to? Let us apperceive in the comments sections below!
Images address of Exmo.com, bitcoinbarcelona.cat
