Quote from: gizmo123 on December 30, 2018, 02:18:25 PM

Quote from: Alone055 on December 30, 2018, 02:03:04 PM

2. Since Bitcoin is basically a currency itself, so it can be called an "Electronic Currency", or a "Digital Currency". Now why is it called a "Cryptocurrency"? I will tell you why. The word "Crypto" means something that is concealed, or kept secret. So the fact why Bitcoin or all other digital currencies running inside a blockchain are called "Cryptocurrencies" is that they are, to an extent, untraceable or anonymous when it comes to knowing the owner of an address holding funds or an address a transaction has been generated from. Otherwise, there is no denying the fact that Bitcoin is an Electronic Currency.

nope this is not basically currency itself, it was named as this by group of people, but in real life can you use Bitcoin as real currency? can you hold on wallet Bitcoin and buy things in shop like with other fiats? Do people will accept that they funds can be drastically change in short period of time? bitcoin doesnt fit to currency purpose, the best purpose is buy Bitcoin -> Send to anyone and any vlaue you want without censorship -> Reciver sell BTC for fiat, this is what Bitcoin was supposed to be for me (and this was way from origin), not for announcements that this is currency and will change the world, when I hear that announcements it sounds like scam.

when ancients started using arrow heads as a currency, there were people who said it can not be used as a currency, its value drops if the head is not sharp enough! and it is easy to lose it and what am i gonna hunt with if i spend my arrows! but it became a currency nonetheless.
then when they first created "coins" as a currency there were people who were complaining and saying that is a piece of metal with a freaking head on it, it can not be a currency. we will stick to our salt and tobacco to barter with and use as currency.
when the digital banking started people started saying it is numbers on a computer, it will stick with cash because it doesn't make any sense to me to use a computer, a piece of plastic card, my phone,...
now that we are introducing decentralized crypto-currencies there are people who are saying the same things.

in short it has always been like this with any change. people resist it and keep comparing it with the previous obsolete methods. that is also why in the beginning at the ground floor things look like this with volatility, lack of adoption and all that.