Viewing a response to: @musing-threads/ak8z5ysnc
<a href="https://musing.io/q/abisola12/fkqb92yx5"><b>Should cryptocurrency be given another name?</b></a><p></p>
author | abisola12 |
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permlink | fkqb92yx5 |
category | musing-threads |
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If Satoshi Nakamoto(founder of bitcoin i guess) had asked me for marketing advice — a field in which I have ZERO experience — here’s what I would’ve said. For most people in English-speaking countries, “crypto” conjures one of three images: Dead people and coffins held in the basement of a church. Something weird and technical. Something illegal. For that reason, I would have told him not to use “crypto” in ANY context. That said, no, at this point, I don’t see the point in giving it another name. People will gradually use brand names to refer to whatever cryptocurrency they’re talking about. You’ll say “Bitcoin” or “QuoraCoin” instead of cryptocurrency — like the way we say “Coke” to describe Coca-Cola’s flagship product, instead of saying “flavored soda-water” and expecting people to know which brand we want. But yes, if I could’ve gone back in time, I might suggest dropping “crypto” altogether. Cryptocurrency is money. People don’t like crypts, but they like money.
author | abisola12 |
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permlink | p3cs42y55 |
category | musing-threads |
json_metadata | "{"app":"Musing","appTags":["Cryptocurrency",""],"appCategory":"Cryptocurrency","appBody":"If Satoshi Nakamoto(founder of bitcoin i guess) had asked me for marketing advice — a field in which I have ZERO experience — here’s what I would’ve said.\n\nFor most people in English-speaking countries, “crypto” conjures one of three images:\n\nDead people and coffins held in the basement of a church.\nSomething weird and technical.\nSomething illegal.\nFor that reason, I would have told him not to use “crypto” in ANY context.\n\nThat said, no, at this point, I don’t see the point in giving it another name. People will gradually use brand names to refer to whatever cryptocurrency they’re talking about. You’ll say “Bitcoin” or “QuoraCoin” instead of cryptocurrency — like the way we say “Coke” to describe Coca-Cola’s flagship product, instead of saying “flavored soda-water” and expecting people to know which brand we want.\n\nBut yes, if I could’ve gone back in time, I might suggest dropping “crypto” altogether. Cryptocurrency is money. People don’t like crypts, but they like money.\n","appDepth":2,"appParentPermlink":"fkqb92yx5","appParentAuthor":"abisola12","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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Cryptocurrency itself is a good name already,giving it another name is in-consequential and i believe the focus now should be on how to make cryptocurrency to be widely accepted worldwide and it should become more resourceful
author | yourinfo |
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permlink | f3x8ulg55 |
category | musing-threads |
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created | 2018-07-12 14:44:12 |
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