As you know, I've made a point of suggesting a rethinking of our naming conventions, etc., a few times here in this thread. As you also know from reading this thread, my suggestion for a standardized descriptive title for serious crytocoins, that is for those that are really treated with businesslike professionalism and not as two bit teenager huckster funny money, would be "Cryptographic Digital Currency".

I've yet to see anyone explain why we shouldn't call DigiByte a "Cryptographic Digital Currency", nor have I seen a name that better describes what it is.

What is the difference between BTC & DGB and a simple digital currency? The Cryptographic element, of course.

What makes BTC & DGB secure ways of storing wealth and making payments? The Cryptographic element, of course.

What makes BTC & DBG real and tangible units of value? The Cryptographic element, of course.


I think we need to seriously debate our nomenclature.


http://en.wikipedia.org/wiki/Digital_currency
http://en.wikipedia.org/wiki/Cryptocurrency

Unfortunately, "cryptocurrency" has earned itself a very bad reputation and negative connotation. Nevertheless, every cloud has its silver lining, and cryptographic digital currency just might be a much better name anyway since it positively builds upon a previously understood and positively accepted concept that has been improved upon, made better, and, ultimately, brought to fruition. The casual reader might even see digital currency and cryptocurrency as separate and independent things, and incorrectly so. One is a positive building upon the former, the final extension of what was necessary to make "digital" money "real" money, and, as such, cannot be simply referred to as "digital", but must have the descriptive qualifier to set it apart and clearly show the world what it is (and what it's not). It's an impossible to counterfeit digital currency made secure by means of a cryptographic protocol! What's the best name for it?