Why have bitAssets been renamed to SmartCoins in 2.0?!

[liondani]

+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

Sent from my ALCATEL ONE TOUCH 997D

[BunkerChainLabs-DataSecurityNode]

 +5% for the smart move. :)

[Erlich Bachman]

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

[cylonmaker2053]

"Smartcoins" is an overarching rename of the bitassets, which will still individually retain their names, right? e.g. bitUSD will keep its name?

[fav]

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.

[profitofthegods]

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.

[麥可貓]

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.

[Riverhead]

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

[bitmeat]

Didn't you know? Coming up with new names is 90% of the innovation!

[luckybit]

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.

[monsterer]

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.