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RE: Bitcoin Forked Up Again : Really? Bitcoin Diamond? What?

in #bitcoin7 years ago

I think the use of "Cash", "Gold" and "Diamond" are more of a branding exercise to create that psychological link between bitcoin and traditional stores of value. While I agree with your sentiments to use numbers, the development community needs to make bitcoin and its derivatives more easily for the layman (non-crypto cavvy people) to understand and associate with value. This will help drive adoption and ultimately increase the use and adoption of bitcoin on a wider scale.

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I think the use of "Cash", "Gold" and "Diamond" are more of a branding exercise to create that psychological link between bitcoin and traditional stores of value.

Quite the opposite with "cash", the intention with Bitcoin Cash is to "uphold Satoshis vision of a peer-to-peer digital cash", where cash is something that is changing hand frequently rather than something used for "storing value".

@digitaldruid they are supposed to fix problems from BTC like the slow transaction and high threshold for new members

@Tobixen I definitely understand that forks are meant to be improvements on the existing code. Hard Forks, which leads to a distinct split in the legacy code and the new code. All I'm saying is that there was a marketing element to what the legacy coin (s) would be called, especially if there were multiple splits. Bitcoin Cash -> Bitcoin Gold -> Bitcoin Diamond -> Bitcoin "Infinity Stone" :-P

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