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Offline monsterer

Why have bitAssets been renamed to SmartCoins in 2.0?!
« on: June 16, 2015, 09:30:00 AM »

Renaming bitAssets to SmartCoins would be great if you were creating a completely separate and competing blockchain to bitshares, but not if you are planning to 'upgrade' the chain.

By changing the name, you cause confusion and make the history of the technology even more muddy, IMO.
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Offline luckybit

Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #1 on: June 16, 2015, 10:07:44 AM »
That is the whole point. To cause confusion so that less people will adopt the chain.

Remember the confusion around Bitshares X, Bitshares Y, Bitshares Z, etc?

Part of brand recognition is staying consistent. Pick one name and stick with it no matter what. Don't be like Mastercoin and change it to Omni and have Mastercoin holders not even know what happened to Mastercoin.
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Offline bitmeat

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Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #2 on: June 16, 2015, 10:17:30 AM »
Didn't you know? Coming up with new names is 90% of the innovation!

Offline Riverhead

Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #3 on: June 16, 2015, 10:19:52 AM »

Good question. Probably related to regulatory reason but we'll have to wait for someone in the know to answer.
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Offline 麥可貓

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Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #4 on: June 16, 2015, 12:36:29 PM »
I think smartcoin and smartchain is great and necessary, because it can get rid of the shadow of bitcoin.
When I see some crypto asset called bitXXX, I can't stop thinking about it is something originated from bitcoin.
Just like if there was one product called iXXX, it makes you to consider it as a Apple product.
« Last Edit: June 16, 2015, 12:38:17 PM by 麥可貓 »
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Offline profitofthegods

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Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #5 on: June 16, 2015, 12:37:04 PM »
I guess their main purpose is for people to use them to pay for things, so calling them coins rather than assets makes sense to me.

Offline fav

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Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #6 on: June 16, 2015, 12:41:26 PM »
I think smartcoin and smartchain is great and necessary, because it can get rid of the shadow of bitcoin.
When I see some crypto asset called bitXXX, I can't stop thinking about it is something originated from bitcoin.
Just like if there was one product called iXXX, it makes you to consider it as a Apple product.

 +5% it's so much easier to market with the new name.

Offline cylonmaker2053

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Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #7 on: June 16, 2015, 01:26:33 PM »
"Smartcoins" is an overarching rename of the bitassets, which will still individually retain their names, right? e.g. bitUSD will keep its name?

Offline Erlich Bachman

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Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #8 on: June 16, 2015, 01:29:23 PM »
get rid of the shadow of bitcoin.

Yes, I think that everyone here has suffered enough "bit" fatigue to last a lifetime.

Bitcoin was hip....like 5 years ago.

Please, can we all just move on already.  it's mid 2015 for gods sake.

It's the smart thing to do.

will bitUSD keep its name?

Of course, but there is absolutely no good reason why bitUSD needs to be called a "BitShares bitasset"

For the love of god.

BitShares smart coin


see
« Last Edit: June 16, 2015, 01:32:43 PM by Erlich Bachman »
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Offline BunkerChain Labs

Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #9 on: June 17, 2015, 12:47:44 AM »
 +5% for the smart move. :)
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Offline liondani

Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #10 on: June 17, 2015, 01:47:12 AM »
+5% for the smart move. :)
+5 from me also...  and I want all smart watch owners make smart coins viral...  I can imagine our bitshares home page with a smart watch that clearly demonstrates bitshares2.0

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Offline oldman

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Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #11 on: June 17, 2015, 01:53:34 AM »
Smart is a terrible prefix - trendy, awkward and very difficult to market.

BitAssets piggyback the collective understanding that BitCoin has built over the past six years.

BitSomething = CryptoSomething

Smart also instantly alienates huge demographics of users and really only appeals to the 20 something and younger crowd.

I can't believe the devs are considering such a move, if in fact they are.

Immense damage to an already confused brand.

Just don't.

Offline sschechter

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Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #12 on: June 17, 2015, 02:18:36 AM »
I think of a Smart Coin as a coin with a unique set of digital properties.  BitAssets are a type of Smart Coins - UIA's are another.  I'm sure people can come up with many others.  It is a good idea to use both terms.
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Offline bitmeat

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Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #13 on: June 17, 2015, 02:43:06 AM »
Bit SmartMarmot sounds so much better than BitMarmot. :)

Offline bobmaloney

Re: Why have bitAssets been renamed to SmartCoins in 2.0?!
« Reply #14 on: June 17, 2015, 03:00:13 AM »
I interpret this as allowing for term interchangeably.
I can see each term to have beneficial target demographics.

Plus, it seems one added benefit of CNX is that it creates a gateway, if you will - to play in the governmental regulation sandbox while remaining a completely separate entity than Bitshares...a state-watching sentry by proxy.
« Last Edit: June 17, 2015, 03:02:09 AM by bobmaloney »
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