Post
Topic
Board Bitcoin Discussion
Re: Why is Bitcoin called “Bitcoin”?
by
RainbowKun
on 20/08/2021, 06:37:18 UTC
Had Satoshi named it differently, Bitcoin would probably still be enjoying the success it has today, provided it won't be given too nuisance a name as BoobCoin or BeiberCoin. Bitcoin got its success from its features.
I don't think it would enjoy the sam success if it were named differently, even if it's not annoying sounding name. Probably we can get by with it given that it only takes acclimation to the names since it delivers what it does anyway.

The earliest people who believed in Bitcoin wasn't impressed by its name but by its features. They were enamored with the revolutionary technology not because it is called Bitcoin but because it offers properties never before seen from a currency. They've predicted a bright future for the cryptocurrency not by simply looking at its name but by going through the design detail by detail. Bitcoin remains to be the decentralized, transparent, censorship-resistant, permission-less technology even if it is called another name.

The name is immaterial. It's probably why Satoshi didn't even care to explain why he/she/they called the currency Bitcoin.

Yes, you are right. I very much agree with your view. Whether it is the first supporter of Bitcoin or the current supporter of Bitcoin, they did not choose to support Bitcoin because of its name. It is because of the function of Bitcoin, the freedom that Bitcoin brings us, and we choose to support Bitcoin. But this does not affect our thinking about why Satoshi Nakamoto named Bitcoin as Bitcoin. This is a two-dimensional problem. In this article, I will break down the word Bitcoin into two parts, bit+coin, where coin stands for currency, and bit stands for the smallest unit of measurement in a computer. So I came to the conclusion that Bitcoin is the currency created by Satoshi Nakamoto for the computer world, and from this I think of the future silicon-based civilization. Of course, this is just my personal conjecture, and there is no evidence that my conjecture is correct. I will publish this possibility and communicate with you. I think this is a rather interesting question.