Post
Topic
Board Bitcoin Discussion
Re: Are you OK with Bitcoin being called a token?
by
Ekanenf
on 27/10/2017, 14:45:08 UTC
Popular use of the word "token", in this community, is/was related to "ETH ICO bubble things", not the creation of Satoshi known as Bitcoin.

BTC = Bit COIN not Bit Token
"...bitcoin closed Tuesday at $4,009 per token — twice its price in July..."
https://www.usatoday.com/story/tech/news/2017/09/21/bitcoin-buyers-libertarian-bent-drive-prices-records/594971001/
The above is only one of way too many recent examples in the media.


Are you OK with Bitcoin being called a token?
Do you need to be sent to crypto re-education camp?  Cheesy

Not at all. The same way that you can call the FIAT in my bank account anything you want. Especially when these words come from well outside the crypto world. In my little group that I chat and trade with I would likely correct a new guy, to help him out, but if he or anyone wants to call it a token, more power to them.

The day when a persons words takes money from me, that is the day that something strange has occurred.
Actually for me bitcoin being called a token or a coin doesn't really matter as long as the value won't be affected of it. I've search the difference being a coin and a token and I can say bitcoin can be somewhere between it. Coin is something that has been issued by the government that has value which bitcoin is just something that has value but it's issued by the government rather by a group or an individual which is one of the key point of a token ,so yeah, its somehow a coin and a token. Anyway, it's a cryptocurrency that has no physical shape or thing since its a online money.