BitShares Forum

Other => Graveyard => IDentabit => Topic started by: underwun on August 13, 2015, 12:02:02 pm

Title: Important Criticism
Post by: underwun on August 13, 2015, 12:02:02 pm
Hi All

We want to hear how we can improve anything and everything about the Identabit journey.

Lets try and keep it constructive but don't take that to mean we don't like criticism, we do.

If you are keen to help out this is the place to let us know.

Thanks folks, a great day thanks to you.

Good night I am wasted.

John
Title: Re: Important Criticism
Post by: xeroc on August 13, 2015, 12:18:03 pm
... waiting for the whitepaper ...
most of what is said on the webpage is .. nice .. not I have no idea how you want to actually DO it .. (I am mostly doing assumptions)
Title: Re: Important Criticism
Post by: cass on August 13, 2015, 12:22:08 pm
I would love to create an alternative logo design for IDentabit logo .. :) as i'm find the IMPACT font isn't really suited for a cutting edge business like IDentabit…


Domains for considering to register also ..;)

ident.tech
MYID.tech
bitid.tech
bitid.xyz
Title: Re: Important Criticism
Post by: underwun on August 13, 2015, 12:28:10 pm
I would love to create an alternative logo design for IDentabit logo .. :) as i'm find the IMPACT font isn't really suited for a cutting edge business like IDentabit…

Hi Cass

Nice to catch up...

I need ot get some sleep so we can continue tomorrow but here is some input behind the branding.

https://docs.google.com/document/d/1zDPgdB9Ftm6TOOTPhk2ZzFQLMP2chYRXZsDo6nGWPEE/edit#

Take care

Domains for considering to register also ..;)

ident.tech
MYID.tech
bitid.tech
bitid.xyz
Title: Re: Important Criticism
Post by: santaclause102 on August 13, 2015, 01:25:56 pm
Been waiting for that thread :)

Regarding the identabit.com website:

1. In the sliding pictures at the top:

- "A serious solution to an extraordinary opportunity" -> does that make sense? might be some fancy marketing language but there are no solutions to opportunities.

- "The first identity based, decentralized identity based currency" ->  Should probably say: "The first identity based, decentralized currency"

2. Almost at the bottom in the security section:

- You say: "Vulnerability to theft (high) / (low)". There was a quick reasoning with the other ratings. This seems a little unfounded to me.

Seems like the German forum forces got your back ;)
Title: Re: Important Criticism
Post by: Method-X on August 13, 2015, 02:06:46 pm
I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself. I would suggest using a naming service like http://www.namebase.com (there are many others). I would also recommend staying away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.
Title: Re: Important Criticism
Post by: santaclause102 on August 13, 2015, 02:26:38 pm
I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself. I would suggest using a naming service like http://www.namebase.com (there are many others). I would also recommend staying away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.
Good point! Although having the "ident" in the name helps a lot for a contrast full media battle.

To me the main pain with the name is its length.
Title: Re: Important Criticism
Post by: topcandle on August 13, 2015, 02:51:16 pm
I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself. I would suggest using a naming service like http://www.namebase.com (there are many others). I would also recommend staying away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.

Agreed.  Maybe something like Veriabit (for verify) would be better.   But even that is not good enough.  Branding needs a makeover.  Concept is trojan golden. 
Title: Re: Important Criticism
Post by: betax on August 13, 2015, 02:59:49 pm
I would like to see how the Banks can directly benefit of this, and why they will use this, instead of other technologies. If banks are expecting to save billions using blockchain technology it will be great to see how can this help them.
I believe with just AML compliance, they could save millions, and it will be a good point of sell for both them and governments.

Most important there are not excuses now for transparency, nobody can oppose to a blockchain that solves all the "problems" of Bitcoin.
Title: Re: Important Criticism
Post by: EstefanTT on August 13, 2015, 05:13:21 pm
I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself. I would suggest using a naming service like http://www.namebase.com (there are many others). I would also recommend staying away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.

I'm not a big fan of the name either. Mainly because you will have a hard time to seem serious with French speakers.

I don't know how to make this comment and don't sound like a retarded teenager but ...

iIdentabit pronounce itself the same way as " i dans ta bite " which you can translate  from french by " i in your dick "

The equivalent thing would be like naming a french company something like "inyordik"

Any other french speakers over here who find the name no very suited for french pronunciation ?

Title: Re: Important Criticism
Post by: BunkerChainLabs-DataSecurityNode on August 13, 2015, 05:34:43 pm
I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself. I would suggest using a naming service like http://www.namebase.com (there are many others). I would also recommend staying away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.

I'm not a big fan of the name either. Mainly because you will have a hard time to seem serious with French speakers.

I don't know how to make this comment and don't sound like a retarded teenager but ...

iIdentabit pronounce itself the same way as " i dans ta bite " which you can translate  from french by " i in your dick "

The equivalent thing would be like naming a french company something like "inyordik"

Any other french speakers over here who find the name no very suited for french pronunciation ?

Hahaha :)

But that's where they install the microchips! :P

Perhaps a naming schema in Esperanto would land a safe wording worldwide? :)

I already started on this naming thing in the last thread.. Something to do with badge I think would work great on a lot of levels. It fits in with something people understand.. it has poential for people to really build a personalized something out of it.. and saying 'what is your badgeID' or whatever it ends up being is universally understood.

Again.. my 2 brownie.pts.

Title: Re: Important Criticism
Post by: puppies on August 13, 2015, 06:01:21 pm
I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself. I would suggest using a naming service like http://www.namebase.com (there are many others). I would also recommend staying away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.

I'm not a big fan of the name either. Mainly because you will have a hard time to seem serious with French speakers.

I don't know how to make this comment and don't sound like a retarded teenager but ...

iIdentabit pronounce itself the same way as " i dans ta bite " which you can translate  from french by " i in your dick "

The equivalent thing would be like naming a french company something like "inyordik"

Any other french speakers over here who find the name no very suited for french pronunciation ?

Does that mean that bitcoin is dick coin?

Is bitshares dick shares?

lavabit?
NuBits?
Title: Re: Important Criticism
Post by: santaclause102 on August 13, 2015, 06:14:23 pm
I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself. I would suggest using a naming service like http://www.namebase.com (there are many others). I would also recommend staying away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.

I'm not a big fan of the name either. Mainly because you will have a hard time to seem serious with French speakers.

I don't know how to make this comment and don't sound like a retarded teenager but ...

iIdentabit pronounce itself the same way as " i dans ta bite " which you can translate  from french by " i in your dick "

The equivalent thing would be like naming a french company something like "inyordik"

Any other french speakers over here who find the name no very suited for french pronunciation ?

Hahaha :)

But that's where they install the microchips! :P

Perhaps a naming schema in Esperanto would land a safe wording worldwide? :)

I already started on this naming thing in the last thread.. Something to do with badge I think would work great on a lot of levels. It fits in with something people understand.. it has poential for people to really build a personalized something out of it.. and saying 'what is your badgeID' or whatever it ends up being is universally understood.

Again.. my 2 brownie.pts.
I seriously like the Esperanto idea! Check this http://www.esperanto-panorama.net/vortaro/eoen.htm
Mono means money. Suggestions:
MonoID
IDMono
IdentMono
MonoIdent

IDMono even sounds like "the money".

Any problems with that Estaffan?  :D
Title: Re: Important Criticism
Post by: Erlich Bachman on August 13, 2015, 06:39:07 pm
I would like to see how the Banks can directly benefit of this, and why they will use this, instead of other technologies. If banks are expecting to save billions using blockchain technology it will be great to see how can this help them.

OK, say you are a bank, and your boss wants you to "adopt blockchain tech" because "everyone's doing it"

and you have $5 million budget.

You can either hire a team of lawyers and people to perform and maintain the KYC requirements.  You end up spending $4.8 million, and receive the $200,000 difference as your christmas bonus

Or you outsource all KYC requirements to IDentibit (for zero dollars) and pocket the whole $5 million as a christmas bonus!

IDentibit provides blockchain KYC to any banks (or company that wants to do business in NY)(bitlicense) FOR FREE!!

What would a bank or any crypto biz have to pay in order to maintain KYC data on all its crypto customers?  Not anymore.

I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself.  I would stay away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.
Good point! Although having the "ident" in the name helps a lot for a contrast full media battle.

To me the main pain with the name is its length.

You are absolutely correct, having the "ident" in the name is extremely helpful in getting this coin adopted globally.

This is why we are officially changing the "ident" to "adent"

"IDentitibit" will from now on be known as "inentabit"

because we do not want to be helpful, and arbitrarily changing the spelling of the root concept "identity" to "identatity" guarantees user confusion, leaving the door wide open for a catchy $110 market cap Ethereum or $250 million market cap Ripple to rip our idea off by releasing a competing business model named:

"bitKYC"

What functionality does Ethereum have (or promise to have in the future) over BitShares? How much does the name "Ethereum" contribute to its current 10x market cap advantage over BitShares?

I don't think that people are grasping the impact that this concept will have.

The US government said that cryptocurrencies can compete legally with the USD, but only if you do what this coin does for you for free.

so why not change the name to

freeKYC

that way you will have an intuitive grasp of what this coin is and what it can do for you without having to ask:

how do you spell that?

Don't worry, the Ethereum team will soon show you how to take over this lucrative market again.
Title: Re: Important Criticism
Post by: Pheonike on August 13, 2015, 06:44:16 pm
How about

 VerIDi
 VerIDia
 VerIDy
Title: Re: Important Criticism
Post by: Ben Mason on August 13, 2015, 06:46:00 pm
webID

Idu - as in ID you, pronounced "iddoo"

GravityID or gravity



Title: Re: Important Criticism
Post by: Ben Mason on August 13, 2015, 06:49:20 pm
Underwun do you want ideas for a name change? Feel like we're all piling in and you might be really happy with it!

I have tried but IDentabit is somewhat difficult to bond with!   ;D
Title: Re: Important Criticism
Post by: Method-X on August 13, 2015, 06:59:23 pm
What functionality does Ethereum have (or promise to have in the future) over BitShares? How much does the name "Ethereum" contribute to its current 10x market cap advantage over BitShares?

Etherium has a good market cap because they were able to get momentum behind their tech. That counts more than many here would like to believe.
Title: Re: Important Criticism
Post by: Ben Mason on August 13, 2015, 07:04:58 pm
What functionality does Ethereum have (or promise to have in the future) over BitShares? How much does the name "Ethereum" contribute to its current 10x market cap advantage over BitShares?

Etherium has a good market cap because they were able to get momentum behind their tech. That counts more than many here would like to believe.

Well, does anyone else feel a juggernaut coming on?
Title: Re: Important Criticism
Post by: Erlich Bachman on August 13, 2015, 07:40:50 pm
What functionality does Ethereum have (or promise to have in the future) over BitShares? How much does the name "Ethereum" contribute to its current 10x market cap advantage over BitShares?

Etherium has a good market cap because they were able to get momentum behind their tech. That counts more than many here would like to believe.

So if growing the business like CCEDK, Graphene, CoinKYC, Peertracks, BANX, FMV, and the other 90 pages of your growing periodical does not constitute "momentum"

then what is "momentum"?

marketing?

memes?

perfect branding?

Ethereum is already dead:

http://cointelegraph.com/news/115118/tau-chain-a-decentralized-app-store-with-greater-flexibility-than-ethereum

by the way, did we get in on the first round of approvals:

http://www.coindesk.com/nydfs-22-bitlicense-applications/


AND THE NUMBER 1 REASON WHY idCOIN WILL ROCK THE BITCOIN WORLD:

this shit is no longer possible in our community:

http://www.coindesk.com/dutch-supermarket-bomber-demands-bitcoin-ransoms/

HOw about we call it the opposite of what it is:

RansomCoin





Speaking of marketing, ever hear of BitUSD?
http://www.coindesk.com/fiat-wallets-the-key-to-bitcoin-going-mainstream/

because the 30 people discussing this article (at the bottom) never heard of it, or what it accomplishes.
Title: Re: Important Criticism
Post by: Ander on August 13, 2015, 09:13:15 pm
It mainly just needs a new name, imo.

I wouldn't check out a coin called 'identabit' if it wasnt associated with bitshares, purely because of the name.  Ethereum and Graphene are great names.  I dont know what the right name is but I dont think anything called identabit is going to capture the minds of the people of the world.  Someone mentioned Gravity, so maybe something like: 'GravID'?  Maybe that just seems cheesy, I dont know.
Title: Re: Important Criticism
Post by: santaclause102 on August 13, 2015, 09:22:02 pm
Relevant to the naming debate is also how Identabits will be used. Do people  use identabits as a medium of exchange then the name is a little long. Related question in full length: https://bitsharestalk.org/index.php/topic,17934.msg228864.html#msg228864
Title: Re: Important Criticism
Post by: Ander on August 13, 2015, 09:26:10 pm
The number of syllables in things that people can trade:

Bit-coin: 2
Ripp-le: 2
Eth-er: 2
Lite-coin: 2
Bit-share: 2  (or Graph-ene: 2)
Doge: 1
Maid: 1

I-Dent-a-bit: 4.  It takes way too long to say.  Limit the name to 2 syllables.
Title: Re: Important Criticism
Post by: Erlich Bachman on August 13, 2015, 09:32:27 pm
The number of syllables in things that people can trade:

Bit-coin: 2
Ripp-le: 2
Eth-er: 2
Lite-coin: 2
Bit-share: 2  (or Graph-ene: 2)
Doge: 1
Maid: 1

I-Dent-a-bit: 4.  It takes way too long to say.  Limit the name to 2 syllables.

as a marketing rule, this is almost law, but in fairness to the developers, I'm sure that they have an effective abbreviation for Identibitcoins just as "Ethers" is an effective abbreviation for Ethereum

- id's ?

- dentas

-dbits

OK, we're ready to hear the effective abbreviation..

What is the accurate terminology for 2 TaxCoins?  I mean Identibits?
Title: Re: Important Criticism
Post by: EstefanTT on August 13, 2015, 09:36:54 pm
I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself. I would suggest using a naming service like http://www.namebase.com (there are many others). I would also recommend staying away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.

I'm not a big fan of the name either. Mainly because you will have a hard time to seem serious with French speakers.

I don't know how to make this comment and don't sound like a retarded teenager but ...

iIdentabit pronounce itself the same way as " i dans ta bite " which you can translate  from french by " i in your dick "

The equivalent thing would be like naming a french company something like "inyordik"

Any other french speakers over here who find the name no very suited for french pronunciation ?

Does that mean that bitcoin is dick coin?

Is bitshares dick shares?

lavabit?
NuBits?

Well ... Indeed.

But it doesn't sound weird because we are use to hear "bit-something" in the informatic world without thinking necessarily about our 3rd tiny leg  ...  :P


Title: Re: Important Criticism
Post by: EstefanTT on August 13, 2015, 09:39:03 pm
I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself. I would suggest using a naming service like http://www.namebase.com (there are many others). I would also recommend staying away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.

I'm not a big fan of the name either. Mainly because you will have a hard time to seem serious with French speakers.

I don't know how to make this comment and don't sound like a retarded teenager but ...

iIdentabit pronounce itself the same way as " i dans ta bite " which you can translate  from french by " i in your dick "

The equivalent thing would be like naming a french company something like "inyordik"

Any other french speakers over here who find the name no very suited for french pronunciation ?

Hahaha :)

But that's where they install the microchips! :P

Perhaps a naming schema in Esperanto would land a safe wording worldwide? :)

I already started on this naming thing in the last thread.. Something to do with badge I think would work great on a lot of levels. It fits in with something people understand.. it has poential for people to really build a personalized something out of it.. and saying 'what is your badgeID' or whatever it ends up being is universally understood.

Again.. my 2 brownie.pts.
I seriously like the Esperanto idea! Check this http://www.esperanto-panorama.net/vortaro/eoen.htm
Mono means money. Suggestions:
MonoID
IDMono
IdentMono
MonoIdent

IDMono even sounds like "the money".

Any problems with that Estaffan?  :D

Seem all right to me  :P

Edit : what about IdenTT ?
Title: Re: Important Criticism
Post by: liondani on August 13, 2015, 10:19:11 pm
I agree about the need to change the name...
what about...

unique


(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Ftse4.mm.bing.net%2Fth%3Fid%3DOIP.M04f5acc7486b32b0227ce161db6e461aH0%26pid%3D15.1%26f%3D1&sp=23bf5f266401605b874d9da25ef4e4b7)

(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Fdawahblog.files.wordpress.com%2F2011%2F02%2Fbe-unique.jpg&sp=f1b8b103264cbe6e3a3b01ae4b564f24)

(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Fblogues.radio-canada.ca%2Ftriplex%2Ffiles%2F2012%2F05%2Funique.jpg&sp=3ce2abd97aaa31988575035e6d0b2bb3)
Title: Re: Important Criticism
Post by: Pheonike on August 13, 2015, 10:22:24 pm

Here we go..

KnowMe
BeReal
MyFace
Reveal
ItsME
Title: Re: Important Criticism
Post by: BunkerChainLabs-DataSecurityNode on August 13, 2015, 11:13:41 pm
BitSoul - For all eternity.

Now I know what you are all going to think.. but really it should be IDBunker for the win. :D

This is fun... we should have more threads telling others how they should name their businesses. :)
Title: Re: Important Criticism
Post by: tbone on August 13, 2015, 11:59:24 pm
My sense is that there's not a great likelihood IDentabit will work well as a name for this purpose.  So here are my entries for an alternative.

Solara (so-lah-ra)
currency: solar (so-lahr) or sol

Spectrum or Spectra
currency: spectra or spec

Radius
currency: rad
Title: Re: Important Criticism
Post by: Method-X on August 14, 2015, 03:01:12 am
My sense is that there's not a great likelihood IDentabit will work well as a name for this purpose.  So here are my entries for an alternative.

Solara (so-lah-ra)
currency: solar (so-lahr) or sol

Spectrum or Spectra
currency: spectra or spec

Radius
currency: rad

 +5% You're good at this!
Title: Re: Important Criticism
Post by: valzav on August 14, 2015, 03:12:38 am
My sense is that there's not a great likelihood IDentabit will work well as a name for this purpose.  So here are my entries for an alternative.

Solara (so-lah-ra)
currency: solar (so-lahr) or sol

Spectrum or Spectra
currency: spectra or spec

Radius
currency: rad

One more variation: Solaris (SOL for currency), I think Sun Microsystems doesn't need it anymore.
Title: Re: Important Criticism
Post by: jakub on August 14, 2015, 05:29:44 am
It's quite telling that a discussion thread dedicated to criticism ended up to be purely about the name.
And that's because that's the case really - everything is solid and flawless except the name.

I think to myself: what a shame such a great idea is going to be wasted for such trivial reason.
So please John don't kill your brilliant child with an ill-chosen name. It will come and haunt you when you try to promote it. People are mostly irrational and the name will distract them from the concept itself.

What I already proposed in the other thread is this: IDENTICON. It's not perfect but the best I can come up with if we need to have the word "identity" embedded in it.

Or it can even be Pied Piper  ;)
Title: Re: Important Criticism
Post by: mint chocolate chip on August 14, 2015, 06:00:47 am
EyeDeed for the win, because seeing legal property transfer is what it is all about.
Title: Re: Important Criticism
Post by: donkeypong on August 14, 2015, 06:23:52 am
It's quite telling that a discussion thread dedicated to criticism ended up to be purely about the name.
And that's because that's the case really - everything is solid and flawless except the name.

I think to myself: what a shame such a great idea is going to be wasted for such trivial reason.
So please John don't kill your brilliant child with an ill-chosen name. It will come and haunt you when you try to promote it. People are mostly irrational and the name will distract them from the concept itself.

What I already proposed in the other thread is this: IDENTICON. It's not perfect but the best I can come up with if we need to have the word "identity" embedded in it.

Or it can even be Pied Piper  ;)

I agree with everything you wrote except the last part. In particular, you've summed up the criticisms nicely. But IDENTICON? You're asking us to trust you with your CON? There'a lot of subliminal negativity that comes with an ending like "con". If ID is the thing, then I'd rather use another suffix. Identidonkey, identizon, identifree, identimelon, identitties, identicake, identures, identiwax, identidoodle, identibrownies. Okay, so some of those are worse, but not all!
Title: Re: Important Criticism
Post by: mf-tzo on August 14, 2015, 06:37:22 am
You could maybe name it GRIC (Global Reserve Identity Coin)
Title: Re: Important Criticism
Post by: jakub on August 14, 2015, 07:17:43 am
It's quite telling that a discussion thread dedicated to criticism ended up to be purely about the name.
And that's because that's the case really - everything is solid and flawless except the name.

I think to myself: what a shame such a great idea is going to be wasted for such trivial reason.
So please John don't kill your brilliant child with an ill-chosen name. It will come and haunt you when you try to promote it. People are mostly irrational and the name will distract them from the concept itself.

What I already proposed in the other thread is this: IDENTICON. It's not perfect but the best I can come up with if we need to have the word "identity" embedded in it.

Or it can even be Pied Piper  ;)

I agree with everything you wrote except the last part. In particular, you've summed up the criticisms nicely. But IDENTICON? You're asking us to trust you with your CON? There'a lot of subliminal negativity that comes with an ending like "con". If ID is the thing, then I'd rather use another suffix. Identidonkey, identizon, identifree, identimelon, identitties, identicake, identures, identiwax, identidoodle, identibrownies. Okay, so some of those are worse, but not all!
I agree that the CON ending is quite unfortunate in this context.

So why not just call it IDENTITY - pure and simple. A bit too long but at least easy to remember.
Or go for the less original but also less risky names like: OXYGEN, ATOM, SOLARIS, SENSUS.
Title: Re: Important Criticism
Post by: BunkerChainLabs-DataSecurityNode on August 14, 2015, 07:35:26 am
---==[[  Z i d e x ]]==---

9 Great Reasons Why It's The Winner

GO For Zidex!!
Title: Re: Important Criticism
Post by: jakub on August 14, 2015, 07:57:34 am
---==[[  Z i d e x ]]==---

9 Great Reasons Why It's The Winner
  • Z - Last letter representing finality
  • idex - Combination of ID + DEX = Identification + Decentralized Exchange
  • 2 Syllable
  • Search it out.. unique for this space.
  • Spells out like it sounds.
  • Sounds close to the word 'index' .. which is innocuous and might even lend a little meaning that is appropriate.
  • I think it sounds out in a way that most languages can pronounce
  • Won't mean dick in another language I believe.
  • Only costs brownie.pts for my contribution if accepted. :)

GO For Zidex!!
Why not just make it INDEX ? Clean and simple.
Title: Re: Important Criticism
Post by: betax on August 14, 2015, 08:25:45 am
What about?

MyCoin

MyCoin "has your identity, nobody can steal it". 

This is the main end user benefit.

(a part from doing your taxes :) )

Title: Re: Important Criticism
Post by: betax on August 14, 2015, 09:29:55 am
Ignore that name, http://www.coindesk.com/hong-kong-exchange-mycoin-disappears-387m-reports-claim/ , I knew it sound it familiar.
Title: Re: Important Criticism
Post by: EstefanTT on August 14, 2015, 11:33:01 am
---==[[  Z i d e x ]]==---

9 Great Reasons Why It's The Winner
  • Z - Last letter representing finality
  • idex - Combination of ID + DEX = Identification + Decentralized Exchange
  • 2 Syllable
  • Search it out.. unique for this space.
  • Spells out like it sounds.
  • Sounds close to the word 'index' .. which is innocuous and might even lend a little meaning that is appropriate.
  • I think it sounds out in a way that most languages can pronounce
  • Won't mean dick in another language I believe.
  • Only costs brownie.pts for my contribution if accepted. :)

GO For Zidex!!
Why not just make it INDEX ? Clean and simple.

Even better without the "n".

IDex, iINDEX, IDEx or ... IDEX !

Edit : I meant IDex, iDEX, IDEx or ... IDEX !

ID + DEX + (more or less) INDEX

Even if all this renaming thing sounds funny I'm 100% agree with all of you, IDentabit will be an handicap in the commercial process. I hope it's not too late to rethink it  :P
Title: Re: Important Criticism
Post by: lakerta06 on August 14, 2015, 12:04:30 pm
---==[[  Z i d e x ]]==---

9 Great Reasons Why It's The Winner
  • Z - Last letter representing finality
  • idex - Combination of ID + DEX = Identification + Decentralized Exchange
  • 2 Syllable
  • Search it out.. unique for this space.
  • Spells out like it sounds.
  • Sounds close to the word 'index' .. which is innocuous and might even lend a little meaning that is appropriate.
  • I think it sounds out in a way that most languages can pronounce
  • Won't mean dick in another language I believe.
  • Only costs brownie.pts for my contribution if accepted. :)

GO For Zidex!!
Why not just make it INDEX ? Clean and simple.

Even better without the "n".

IDex, iINDEX, IDEx or ... IDEX !

ID + DEX + (more or less) INDEX

Even if all this renaming thing sounds funny I'm 100% agree with all of you, IDentabit will be an handicap in the commercial process. I hope it's not too late to rethink it  :P

why not iDEX
Title: Re: Important Criticism
Post by: liondani on August 14, 2015, 12:22:41 pm
why not iDEX


that is really an amazing name!
 +5% +5% +5% +5% +5%
Title: Re: Important Criticism
Post by: Ben Mason on August 14, 2015, 07:13:01 pm
why not iDEX


that is really an amazing name!
 +5% +5% +5% +5% +5%

Love iDEX too, brilliant  +5%
Title: Re: Important Criticism
Post by: valzav on August 14, 2015, 08:24:52 pm
I like iDEX too  +5%
Title: Re: Important Criticism
Post by: jakub on August 14, 2015, 08:29:13 pm
Yes, iDEX makes a lot of sense. For me it's the best proposal so far. Short, smart, simple and sharp.
Also the name UNIQUE sounds good.
Title: Re: Important Criticism
Post by: bobmaloney on August 14, 2015, 08:40:04 pm
There are a lot of organizations using "idex", but iDEX does sound and look impressive.
Title: Re: Important Criticism
Post by: BunkerChainLabs-DataSecurityNode on August 14, 2015, 09:06:50 pm
Child of Zidex meets my approval also.. for the same 9 reasons :) .. iDEX .. now we must see if it is accepted by the great ones.  +5%
Title: Re: Important Criticism
Post by: mf-tzo on August 15, 2015, 06:11:38 am
What about iDEM ? Identity (or internet) Decentralized Money.

I think we should have an "M" for once and start treating crypto as "money" by definition and not "coins". Coins sound cheap and something you want to collect. Money sounds real, something you want to have and use..

IDEM sounds also like edem which is nice..
Title: Re: Important Criticism
Post by: fuzzy on August 15, 2015, 06:31:15 am
I agree about the need to change the name...
what about...

unique


(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Ftse4.mm.bing.net%2Fth%3Fid%3DOIP.M04f5acc7486b32b0227ce161db6e461aH0%26pid%3D15.1%26f%3D1&sp=23bf5f266401605b874d9da25ef4e4b7)

(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Fdawahblog.files.wordpress.com%2F2011%2F02%2Fbe-unique.jpg&sp=f1b8b103264cbe6e3a3b01ae4b564f24)

(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Fblogues.radio-canada.ca%2Ftriplex%2Ffiles%2F2012%2F05%2Funique.jpg&sp=3ce2abd97aaa31988575035e6d0b2bb3)

I like it....alot.

It could always be called veriblocks or veribits as well.  I actually think at this point that as much as people hate the "bit" prefix, it really is powerful to use especially with people who are learning about bitcoin and wanting in on the action.  Why? Association between bitcoin...bitshares...veribits are all easier for less blockchain savvy users and investors to associate with one another as, say, bitcoin, graphene and unique.  I sometimes think people in these forums forget just how far ahead of the curve they ALL are on this tech, so they tend to forget that we have to slow it down and take baby steps toward moving the masses into these ecosystems.

@data.  Bitsoul is where it's at...all. the. Way.
Title: Re: Important Criticism
Post by: underwun on August 15, 2015, 09:10:33 am
Been waiting for that thread :)

Regarding the identabit.com website:

1. In the sliding pictures at the top:

- "A serious solution to an extraordinary opportunity" -> does that make sense? might be some fancy marketing language but there are no solutions to opportunities. Noted

- "The first identity based, decentralized identity based currency" ->  Should probably say: "The first identity based, decentralized currency" Noted

2. Almost at the bottom in the security section:

- You say: "Vulnerability to theft (high) / (low)". There was a quick reasoning with the other ratings. This seems a little unfounded to me.

Nice work  ;) , at this stage we are not disclosing how this achieved but we promise we have a unique method for preventing theft

Seems like the German forum forces got your back ;)

hi thank you for your constructive comments...details in bold

Noted indicates we will address.
Title: Re: Important Criticism
Post by: underwun on August 15, 2015, 12:32:41 pm
Hi Folks

Re the name:

There was and still is good reason for the name. Whilst I am not shutting down the discussion I am asking that you refer to https://docs.google.com/document/d/1zDPgdB9Ftm6TOOTPhk2ZzFQLMP2chYRXZsDo6nGWPEE/edit#heading=h.mmll6e7809dr
 and comment on the reasoning presented, please don't mistakenly think the name was casual decision, the name, the logo, the color, the long game strategy for related brands, they were all contributors towards an intended business objective.

Re the ID in IDentabit, I agree that the capital D is an issue, the issue arises from the D drowning the adjacent I and hence we are left with Dentabit, sounds like a mouth guard doesn't it :-)

I have a meeting with some marketing folk this week and I will see what they say and I'll let you know, but I'd like to say thank you for the effort made debating the name and confirming a concern.

We all have our ways, it happens I am a strategic guy and consequently I am very thoughtful before making a decision, consequently I don't toss things into the ring because I am undecided. I do so to listen to opinions to ensure we haven't missed something.

I feel strongly that we all feel best when people are direct and consistent...I will do my best to be that way.








Title: Re: Important Criticism
Post by: santaclause102 on August 15, 2015, 02:16:59 pm
Hi Folks

Re the name:

There was and still is good reason for the name. Whilst I am not shutting down the discussion I am asking that you refer to https://docs.google.com/document/d/1zDPgdB9Ftm6TOOTPhk2ZzFQLMP2chYRXZsDo6nGWPEE/edit#heading=h.mmll6e7809dr
 and comment on the reasoning presented, please don't mistakenly think the name was casual decision, the name, the logo, the color, the long game strategy for related brands, they were all contributors towards an intended business objective.

Re the ID in IDentabit, I agree that the capital D is an issue, the issue arises from the D drowning the adjacent I and hence we are left with Dentabit, sounds like a mouth guard doesn't it :-)

I have a meeting with some marketing folk this week and I will see what they say and I'll let you know, but I'd like to say thank you for the effort made debating the name and confirming a concern.

We all have our ways, it happens I am a strategic guy and consequently I am very thoughtful before making a decision, consequently I don't toss things into the ring because I am undecided. I do so to listen to opinions to ensure we haven't missed something.

I feel strongly that we all feel best when people are direct and consistent...I will do my best to be that way.
+5%

Have you thought about a launching strategy like below (in chronological order). Circle, Ethereum and 21 were launched like that and they all got a ton of attention.

1. The coming soon stage: Puts out a name and the corporate identity (graphics) and the names and partners that are behind the project, maybe with a countdown to launch at some point.
[...building the excitement]
2. Putting out the website about as it is atm with the reasoning behind the project.
[...building the excitement]
3. Randomly / Over time putting out screen shots, controversial Media Articles, announcement of new partnerships.
3. Launching the blockchain along with the first use case / customer / bank integrating it (if possible) plus at the same time announcing the Remitabit project again with an emotional message of assisting the poorest. 
Title: Re: Important Criticism
Post by: bitder on August 15, 2015, 02:20:56 pm
Underwun,

It's obvious that a lot of thought and energy has gone into this venture. Good job!
You've identified an unmet business need/opportunity and have set out to address it with IDentabit. This already sets it apart from 99% of the other crypto projects. (Your business savy and experience is showing through...)

I did notice a couple of typos on the identabit.com website

Excited to see this project drive mass adoption.
Title: Re: Important Criticism
Post by: BunkerChainLabs-DataSecurityNode on August 15, 2015, 02:24:45 pm
Hi Folks

Re the name:

There was and still is good reason for the name. Whilst I am not shutting down the discussion I am asking that you refer to https://docs.google.com/document/d/1zDPgdB9Ftm6TOOTPhk2ZzFQLMP2chYRXZsDo6nGWPEE/edit#heading=h.mmll6e7809dr
 and comment on the reasoning presented, please don't mistakenly think the name was casual decision, the name, the logo, the color, the long game strategy for related brands, they were all contributors towards an intended business objective.

Re the ID in IDentabit, I agree that the capital D is an issue, the issue arises from the D drowning the adjacent I and hence we are left with Dentabit, sounds like a mouth guard doesn't it :-)

I have a meeting with some marketing folk this week and I will see what they say and I'll let you know, but I'd like to say thank you for the effort made debating the name and confirming a concern.

We all have our ways, it happens I am a strategic guy and consequently I am very thoughtful before making a decision, consequently I don't toss things into the ring because I am undecided. I do so to listen to opinions to ensure we haven't missed something.

I feel strongly that we all feel best when people are direct and consistent...I will do my best to be that way.

 +5% ... Thanks for the response.. this could have gone on for another week. :)

It's good to take this feedback to them.. I know that everything was well planned out ahead of time.

This is how things go in a forum.. with a click everyone has an opinion.. and that gives you some good data to work from. Just doesn't always make for good business decisions at times. :)

Keep up the good work!
Title: Re: Important Criticism
Post by: mint chocolate chip on August 15, 2015, 02:31:26 pm
Having memorableness the name is not. It has not stuck in my head at all despite typing it a few times... for the average Joe a long and complicated word is not something to exert energy trying to remember. Plus difficult words are mispelled regularly, making it even harder for a consumer to get to the correct website.

Looks like you are trying to hard to pick a name that will connect with your other name(s) of your planned businesses.

The website is written in British English, which since your Aussie makes sense, but I am not sure which version of English is preferred for a worldwide audience.
Title: Re: Important Criticism
Post by: emailtooaj on August 15, 2015, 05:34:45 pm
I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself. I would suggest using a naming service like http://www.namebase.com (there are many others). I would also recommend staying away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.

I'm not a big fan of the name either. Mainly because you will have a hard time to seem serious with French speakers.

I don't know how to make this comment and don't sound like a retarded teenager but ...

iIdentabit pronounce itself the same way as " i dans ta bite " which you can translate  from french by " i in your dick "

The equivalent thing would be like naming a french company something like "inyordik"

Any other french speakers over here who find the name no very suited for french pronunciation ?

Hahaha :)

But that's where they install the microchips! :P

Perhaps a naming schema in Esperanto would land a safe wording worldwide? :)

I already started on this naming thing in the last thread.. Something to do with badge I think would work great on a lot of levels. It fits in with something people understand.. it has poential for people to really build a personalized something out of it.. and saying 'what is your badgeID' or whatever it ends up being is universally understood.

Again.. my 2 brownie.pts.
I seriously like the Esperanto idea! Check this http://www.esperanto-panorama.net/vortaro/eoen.htm
Mono means money. Suggestions:
MonoID
IDMono
IdentMono
MonoIdent

IDMono even sounds like "the money".

Any problems with that Estaffan?  :D

I was going through this dictionary and found something that really resonated with me.

difini  =  define
 /diˈfini/
as in define yourself/itself.

Just throw an "i" in front of this and you'll get a pretty good name scheme... iDifini
You'll retain the "I.D." connection,
It's easy to pronounce though it's 4 syllables long,
and it also seems to lend to some "catchy" tag lines... " To securely privatize your public ID... iDifini" , "Have you iDifini?", "iDifini if any!"
 :D




Title: Re: Important Criticism
Post by: sumantso on August 15, 2015, 07:03:36 pm
The website is written in British English, which since your Aussie makes sense, but I am not sure which version of English is preferred for a worldwide audience.

I personally prefer British English, and subconsciously have a better impression when someone uses it flawlessly.
Title: Re: Important Criticism
Post by: underwun on August 15, 2015, 09:28:42 pm
I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself. I would suggest using a naming service like http://www.namebase.com (there are many others). I would also recommend staying away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.

I'm not a big fan of the name either. Mainly because you will have a hard time to seem serious with French speakers.

I don't know how to make this comment and don't sound like a retarded teenager but ...

iIdentabit pronounce itself the same way as " i dans ta bite " which you can translate  from french by " i in your dick "

The equivalent thing would be like naming a french company something like "inyordik"

Any other french speakers over here who find the name no very suited for french pronunciation ?

Hahaha :)

But that's where they install the microchips! :P

Perhaps a naming schema in Esperanto would land a safe wording worldwide? :)

I already started on this naming thing in the last thread.. Something to do with badge I think would work great on a lot of levels. It fits in with something people understand.. it has poential for people to really build a personalized something out of it.. and saying 'what is your badgeID' or whatever it ends up being is universally understood.

Again.. my 2 brownie.pts.
I seriously like the Esperanto idea! Check this http://www.esperanto-panorama.net/vortaro/eoen.htm
Mono means money. Suggestions:
MonoID
IDMono
IdentMono
MonoIdent

IDMono even sounds like "the money".

Any problems with that Estaffan?  :D

I was going through this dictionary and found something that really resonated with me.

difini  =  define
 /diˈfini/
as in define yourself/itself.

Just throw an "i" in front of this and you'll get a pretty good name scheme... iDifini
You'll retain the "I.D." connection,
It's easy to pronounce though it's 4 syllables long,
and it also seems to lend to some "catchy" tag lines... " To securely privatize your public ID... iDifini" , "Have you iDifini?", "iDifini if any!"
 :D

Hi :-)

As suggested if you could take a look at our reasoning and blend your recommendations into the broader objectives please. I'm all for differing opinions but it the attached document I have explained related objectives and constructive comments be inclusive of the bigger picture.

So please take a look at https://docs.google.com/document/d/1zDPgdB9Ftm6TOOTPhk2ZzFQLMP2chYRXZsDo6nGWPEE/edit#heading=h.mmll6e7809dr where your thoughts are most welcome.

Many thanks, have a great weekend.
Title: Re: Important Criticism
Post by: underwun on August 15, 2015, 10:05:57 pm
What functionality does Ethereum have (or promise to have in the future) over BitShares? How much does the name "Ethereum" contribute to its current 10x market cap advantage over BitShares?

Etherium has a good market cap because they were able to get momentum behind their tech. That counts more than many here would like to believe.

Thank you I enjoy your comments and it would be remiss of me not to reply to you directly.

I've posted a general statement above and I agree that the D drowns the I and turns the name into a mouth guard, or something for kids with overbite.

The name is not precious but the strategy is and how the name interrelates with other names is important. As mentioned in the link below, the name is part of a family of names intended for use over the next few years where one of the most important being Remitabit. I need to expand the point behind rolling out Identabit first and how Remitabit is related but in short, I'll share the following:

Remitabit has a unique compelling model that we are keen to introduce but we came to believe that an anonymous blockchain wasn't going to cut it with institutional partners and that we needed to establish a case for an institutionally acceptable blockchain. Remitabit will sit atop Identabit but we didn't want to bring it out and have the identity argument drown the remittance story, so Phase 1. identity, Phase 2 remittances and the massive adoption of Remitabits driving the value of Identabits.

A quick message to our competitors, hiding beneath the surface are features and dependency on the Bitshares architecture that make this model work and sustainable despite increased government intervention. So we wish you luck but get use to the fact that we have spent nearly two years to get to this place and we are in this for the long haul...so get used to seeing us around.

https://docs.google.com/document/d/1zDPgdB9Ftm6TOOTPhk2ZzFQLMP2chYRXZsDo6nGWPEE/edit#heading=h.mmll6e7809dr

Title: Re: Important Criticism
Post by: underwun on August 15, 2015, 10:14:48 pm
The website is written in British English, which since your Aussie makes sense, but I am not sure which version of English is preferred for a worldwide audience.

I personally prefer British English, and subconsciously have a better impression when someone uses it flawlessly.

Pip Pip Old Boy  :D

Wicked, FYI I'm a mix, born in the UK, left after school for Australia and then lived in HK and New York...so my english is all over the place.

I think despite your constructive and complimentary words we should Americanise our content but I am afraid I have no choice but to use my botched version of the English language in the forum, so all I can ask is for your understanding.
Title: Re: Important Criticism
Post by: underwun on August 16, 2015, 01:59:32 am
It's quite telling that a discussion thread dedicated to criticism ended up to be purely about the name.
And that's because that's the case really - everything is solid and flawless except the name.

I think to myself: what a shame such a great idea is going to be wasted for such trivial reason.
So please John don't kill your brilliant child with an ill-chosen name. It will come and haunt you when you try to promote it. People are mostly irrational and the name will distract them from the concept itself.

What I already proposed in the other thread is this: IDENTICON. It's not perfect but the best I can come up with if we need to have the word "identity" embedded in it.

Or it can even be Pied Piper  ;)

Thank you Jakub of the many comments yours is the most penetrating...it has left me with two conflicting thoughts

The first being we should open the door to anyone that can come up with a family of names that supports our vision for the blockchain and the strategic products that will flow from it - (please check the following so you are able to consider the implications)

https://docs.google.com/document/d/1zDPgdB9Ftm6TOOTPhk2ZzFQLMP2chYRXZsDo6nGWPEE/edit#heading=h.mmll6e7809dr or

A second thought is that the name is clearly a win given the attention it has drawn...I am increasingly thinking the big D has to go however...it definitely made people think of experiences we would prefer to forget.

In the interest of suggesting a name where the .com .org.info are available (as with Identabit.com/org/info) Maybe we should have called it armlessmonkey.com ;-)
Title: Re: Important Criticism
Post by: pendragon3 on August 16, 2015, 06:33:46 am
This is an ambitious and extremely thoughtful proposal you've forwarded here. You make a compelling case for bringing to market--and none too soon--a currency that will help fill a void, delivering on the promises that we know Bitcoin cannot.

About the name "IDentabit": yes, it's drawn attention here on this thread, but frankly I'm quite skeptical that means the name is clearly a win. It's not the capital "D" that is most concerning. Actually, "Identabit" would be memorable to consumers, as would be "Remitabit", provided that critical mass had already been achieved. These would be perfectly fine names for a company, a protocol, a platform... or a blockchain. But they would definitely be less useful as names of currency units. Perhaps most importantly, these names are unwieldy. Being four syllables, "Identabit" is a risky choice for currency units because it won't make it easy for people to speak of, think of, spell, and read about without stumbling over them or, worse yet, scoffing at them. All of this could impede the rapid uptake of the currency by consumers. Maybe when crypto has become mainstream, then clunky, long currency names will be more typical and more effective. But I don't think we are there yet, not nearly so.

Have you considered keeping "Identabit" and "Remitabit" as the names of the respective blockchains but using shorter and simpler names for the actual currency units? Using different names for tradeable units and their underlying blockchain seems to be quite a common practice nowadays: e.g., Ripple and XRP, Ethereum and Ether, MUSE and notes, etc.

You could call the blockchain "Identabit" but the currency units "IDbits" (which would jive well with "IDbank" and "IDpay"). Likewise, you could call the Remitabit blockchain's currency units "Rembits". The logo for IDbits (which evokes Bitcoin's logo) could stay the same. Which of the following sounds better: "I'd like to send you XX.XX Remitabits" versus "I'd like to send you XX.XX Rembits". Or "That'll be XX.XX Identabits, please" versus "That'll be XX.XX IDbits, please". To me, it seems obvious that the short & sweet names are more likely to catch on.

Another thought is that you could promote the usage of abbreviations for Identabits as much as possible, so that users would come to refer to them as IDB. Remitabits could be RMB (or some variation thereof to avoid confusion with the symbol for Chinese currency).
Title: Re: Important Criticism
Post by: underwun on August 16, 2015, 07:00:48 am
This is an ambitious and extremely thoughtful proposal you've forwarded here. You make a compelling case for bringing to market--and none too soon--a currency that will help fill a void, delivering on the promises that we know Bitcoin cannot.

About the name "IDentabit": yes, it's drawn attention here on this thread, but frankly I'm quite skeptical that means the name is clearly a win. It's not the capital "D" that is most concerning. Actually, "Identabit" would be memorable to consumers, as would be "Remitabit", provided that critical mass had already been achieved. These would be perfectly fine names for a company, a protocol, a platform... or a blockchain. But they would definitely be less useful as names of currency units. Perhaps most importantly, these names are unwieldy. Being four syllables, "Identabit" is a risky choice for currency units because it won't make it easy for people to speak of, think of, spell, and read about without stumbling over them or, worse yet, scoffing at them. All of this could impede the rapid uptake of the currency by consumers. Maybe when crypto has become mainstream, then clunky, long currency names will be more typical and more effective. But I don't think we are there yet, not nearly so.

Have you considered keeping "Identabit" and "Remitabit" as the names of the respective blockchains but using shorter and simpler names for the actual currency units? Using different names for tradeable units and their underlying blockchain seems to be quite a common practice nowadays: e.g., Ripple and XRP, Ethereum and Ether, MUSE and notes, etc.

You could call the blockchain "Identabit" but the currency units "IDbits" (which would jive well with "IDbank" and "IDpay"). Likewise, you could call the Remitabit blockchain's currency units "Rembits". The logo for IDbits (which evokes Bitcoin's logo) could stay the same. Which of the following sounds better: "I'd like to send you XX.XX Remitabits" versus "I'd like to send you XX.XX Rembits". Or "That'll be XX.XX Identabits, please" versus "That'll be XX.XX IDbits, please". To me, it seems obvious that the short & sweet names are more likely to catch on.

Another thought is that you could promote the usage of abbreviations for Identabits as much as possible, so that users would come to refer to them as IDB. Remitabits could be RMB (or some variation thereof to avoid confusion with the symbol for Chinese currency).

Sensible words we do in fact intend to refer to Identabits as IDB
Title: Re: Important Criticism
Post by: jakub on August 16, 2015, 08:51:54 am
It seems that a large part of the branding idea hinges upon the "similar but different" strategy.
Do we really need that? It imposes lots of limitations on us but IMHO does not bring many benefits.

Bitcoin has very vague branding as no single company is managing it. Even if it has any branding at all, it is non-existent in mass awareness.
Anyway, hardcore Bitcoin believers are not going to be our target audience. And people who don't care too much about Bitcoin (just have heard about it or used it only a couple of times) are not going to take notice of the "similar but different" strategy.

But maybe I'm missing something. What was the reasoning that led to it?

I know you selected Bitcoin as your main competitor but does it really matter for an average Joe who is probably not very familiar with the nuances of the crypto-world?
(And an average Joe is the important guy here as you rightly aim at the retail market, not financial institutions)
Title: Re: Important Criticism
Post by: jakub on August 16, 2015, 09:04:33 am
The branding brief mentions "an easy to remember retail name".
I think I have a brilliant name proposition. Actually a couple of them:

YOUNIQUE or  UNIQ

YOUBIT or  UBIT

I especially like UBIT. As a currency unit it is just perfect.

It sounds natural: "You owe me 12 ubits."
And it plays out nicely: it is your virtual currency and your identity.

What's more, ubit.org (http://ubit.org) and youbit.com (http://youbit.com) are still available.

As for the other service I'd go for REMIT. Then you'd have a nicely matching pair: UBIT & REMIT.
Title: Re: Important Criticism
Post by: liondani on August 16, 2015, 11:32:30 am
It seems they will stick on their first  choice whatever we will suggest here...  :-[
Title: Re: Important Criticism
Post by: xeroc on August 16, 2015, 11:50:21 am
It seems they will stick on their first  choice whatever we will suggest here...  :-[
and it's their right to do so .. isn't it?
I am sure John does not want to you to take any of his decisions personally .. so let's move on and find something else he could improve ..

For instance,

would it be possible to have a distributed entity of verification? E.g. you can get verified in europe OR in the U.S. or in japan .. but as a German, I can participate if I am only verified by Germany?
Title: Re: Important Criticism
Post by: jakub on August 16, 2015, 11:53:15 am
It seems they will stick on their first  choice whatever we will suggest here...  :-[

Fortunately John seems to be open-minded as he wrote this:
The name is not precious but the strategy is and how the name interrelates with other names is important.
and this:
I have a meeting with some marketing folk this week and I will see what they say and I'll let you know, but I'd like to say thank you for the effort made debating the name and confirming a concern.

I'm determined to do my best to convince him as the more I think about it the more it appears to me that business-wise the idea is absolutely brilliant.
Title: Re: Important Criticism
Post by: santaclause102 on August 16, 2015, 12:44:41 pm
My comments on the branding document:

https://docs.google.com/document/d/18xqqkgtv6a9nC_KlZL3TAkN-Rl_xMRFb7uADtnzHbsQ/edit?usp=sharing

(made a separate document to keep the original one readable).
Title: Re: Important Criticism
Post by: pendragon3 on August 16, 2015, 01:45:21 pm
The branding brief mentions "an easy to remember retail name".
I think I have a brilliant name proposition. Actually a couple of them:

YOUNIQUE or  UNIQ

YOUBIT or  UBIT

I especially like UBIT. As a currency unit it is just perfect.

It sounds natural: "You owe me 12 ubits."
And it plays out nicely: it is your virtual currency and your identity.

What's more, ubit.org (http://ubit.org) and youbit.com (http://youbit.com) are still available.

As for the other service I'd go for REMIT. Then you'd have a nicely matching pair: UBIT & REMIT.


ubit.

Brilliant suggestion, jakub. Absolutely brilliant.

"ubit", imo, is a perfect name for a consumer-oriented currency intended to challenge Bitcoin head-on.

"ubit" is short, simple, memorable, and replete with meaning. It seems to have almost unlimited potential. It even subliminally evokes "uber." If John can fit this name into his plans for the naming system and future business strategy, that would be a huge coup. Maybe the currency name is not as precious as the overall business strategy, but here's one instance where the name could dramatically boost the rate of uptake by consumers, young and old.

I'm surprised that ubit.org and ubit.net are still available.
Title: Re: Important Criticism
Post by: liondani on August 16, 2015, 02:07:16 pm
 +5% for

ubit 
idex
unique
Title: Re: Important Criticism
Post by: valzav on August 16, 2015, 02:40:18 pm
 +5% for ubit
btw ubit.org is already taken

underwun, I think the name decision should be based on what is your target audience, if it's for instance financial institutions - Identabit would make a sense because the may care about "identity" and have a value proposition in the name can be a good thing, but if you are going to promote it to more mass market Identabit name wouldn't contain any value proposition for them and having more simple name like ubit or idex can have more benefits. If you are going to target Bitcoin users and crypto enthusiasts, having identity in it's name can even do some harm.
Also more general name you use, the easier it would be to pivot and target different markets.
Take a look at Dash - they were able to double their market cap with rebranding.
More good names examples (in my opinion): Ripple, Stellar, Ethereum, Graphene (btw I suggested to call new version Graphene and I think the name works great so far, I was even advocating to rebrand Bitshares into Graphene completely).
Title: Re: Important Criticism
Post by: Samupaha on August 16, 2015, 02:47:24 pm
Identabit is just fine (just drop the capital D).

I don't get this trend that companies or products has to be named with commonly used words like "circle" or "square" or "unique". Never tried to google a word like that? There will be many pages of results until the company site will be found.

Also it would be nice if the name is easily pronounceable for both english and non-english speakers. No weird phones/sounds. If somebody says the name, you should be able to know or easily guess how that it is written. "Younique" is a bad example, because if you say it, you need to explain every time that "it's like unique but with yo in front of it" and people will be like "WTF?".

"Bitcoin" is pretty good name. Simple but no other existing meanings. Easy to pronounce and write, although it has letter c which is retarded (it can be pronounced like k or s – how drunk somebody has been when he has invented that letter?).
Title: Re: Important Criticism
Post by: pendragon3 on August 16, 2015, 02:55:42 pm
"Identabit" might be fine for the blockchain or a company, but it's not such an effective name for the currency units. That's why "Bitcoin" has been a pretty good name: it's relatively simple to spell and say out loud, and it works well in connection with sending, spending, or receiving units of value. "Ubits" would be at least as good for this purpose, imo...
Title: Re: Important Criticism
Post by: pendragon3 on August 16, 2015, 02:58:55 pm
+5% for ubit
btw ubit.org is already taken

underwun, I think the name decision should be based on what is your target audience, if it's for instance financial institutions - Identabit would make a sense because the may care about "identity" and have a value proposition in the name can be a good thing, but if you are going to promote it to more mass market Identabit name wouldn't contain any value proposition for them and having more simple name like ubit or idex can have more benefits. If you are going to target Bitcoin users and crypto enthusiasts, having identity in it's name can even do some harm.
Also more general name you use, the easier it would be to pivot and target different markets.
Take a look at Dash - they were able to double their market cap with rebranding.
More good names examples (in my opinion): Ripple, Stellar, Ethereum, Graphene (btw I suggested to call new version Graphene and I think the name works great so far, I was even advocating to rebrand Bitshares into Graphene completely).

"graphene" is a winner, imo.

Is ubit.org already taken? I thought it was still available for purchase (at BuyDomains.com).


Title: Re: Important Criticism
Post by: BunkerChainLabs-DataSecurityNode on August 16, 2015, 03:01:20 pm
Identabit is just fine (just drop the capital D).

I don't get this trend that companies or products has to be named with commonly used words like "circle" or "square" or "unique". Never tried to google a word like that? There will be many pages of results until the company site will be found.

Also it would be nice if the name is easily pronounceable for both english and non-english speakers. No weird phones/sounds. If somebody says the name, you should be able to know or easily guess how that it is written. "Younique" is a bad example, because if you say it, you need to explain every time that "it's like unique but with yo in front of it" and people will be like "WTF?".

"Bitcoin" is pretty good name. Simple but no other existing meanings. Easy to pronounce and write, although it has letter c which is retarded (it can be pronounced like k or s – how drunk somebody has been when he has invented that letter?).

Blame Apple for the trend :)

If they go with Unique though we will be competing with a cross dressing super diva. That could be a challenge:

(http://axisonhigh.com/portal/wp-content/uploads/2013/07/A_Unique-411x380.jpg)
Title: Re: Important Criticism
Post by: triox on August 16, 2015, 04:17:58 pm
You guys are overthinking it. This isn't a consumer-facing product. It will succeed or fail based on business relations and partnerships, not branding.
Title: Re: Important Criticism
Post by: donkeypong on August 16, 2015, 04:26:10 pm
You guys are overthinking it. This isn't a consumer-facing product. It will succeed or fail based on business relations and partnerships, not branding.

I think you're right. Reading Underwun's posts closely, you will see that IDB is a layer. Upon that layer will be built other businesses, such as the remittance service he initially told us about (I'm very excited for that one). So if IDB is more of a back-end product, then a consumer-focused brand name is not as important.

Separately, in principle, I'm sick of all the 'bit' names. Enough with the 'bit' shit. It doesn't need to be in every name.

Title: Re: Important Criticism
Post by: jakub on August 16, 2015, 04:28:42 pm
I propose a complete set:

ubit - for the currency
ubitex (or ubitum) - for the blockchain/ecosystem
remitex (or remitum) - for the remittance business

ubit.org (http://ubit.org) is still free according to godaddy (https://pl.godaddy.com/domains/searchresults.aspx?ci=83269&domainToCheck=ubit.org)
Title: Re: Important Criticism
Post by: jakub on August 16, 2015, 04:35:09 pm
You guys are overthinking it. This isn't a consumer-facing product. It will succeed or fail based on business relations and partnerships, not branding.
I think you're right. Reading Underwun's posts closely, you will see that IDB is a layer. Upon that layer will be built other businesses, such as the remittance service he initially told us about (I'm very excited for that one). So if IDB is more of a back-end product, then a consumer-focused brand name is not as important.

I agree IDB is an appropriate name for a back-end product. But the branding brief (https://docs.google.com/document/d/1zDPgdB9Ftm6TOOTPhk2ZzFQLMP2chYRXZsDo6nGWPEE/edit#) clearly states that:
Quote
IDentabit is a retail name, like Starbucks, McDonalds and others, it is not intended to appeal to three piece suits or engineers. The name is focused on consumers young and old. A name consumers will remember.
So this is a consumer-facing product. It intends to compete with Bitcoin for mass adoption.
Title: Re: Important Criticism
Post by: tbone on August 17, 2015, 01:01:53 pm
Quick parting thought.  The capital D is definitely a problem, but much less of a problem than the a.  The a is what really makes it look so much like "dental", especially since the stem of the "b" looks like the "l" in "dental".  If you replace the a with an i, then it actually looks like a root of the word "identity" instead of something dental related.  Good luck.

Title: Re: Important Criticism
Post by: pendragon3 on August 17, 2015, 02:00:05 pm
I agree: the "a" in "Identabit" is part of the problem. "Identibit" is a MUCH better name, imo--much clearer, respectable, apropos, and less likely to make people think there was sloppy spelling.

John, out of curiosity, what would be the rationale for going with "Identabit" rather than "Identibit"? Is it because the "a" makes the name slightly closer to "Remitabit"? In my opinion, "Identibit" sounds quite close to "Remitabit" already, and it would fit in well to the naming scheme. Also, the .com, .net, .org are all available...
Title: Re: Important Criticism
Post by: tbone on August 17, 2015, 02:32:36 pm
If Remitabit is the reason for the a in Identabit, then it all seems to be more about the "abit" then it is about the "bit".  That muddles things.  But if it's more about the "bit", then you don't need to worry about the a in Remitabit.  It might also help to capitalize the b to emphasize the "Bit".   You could do the same with "bank" and "pay". 

The scheme below has good continuity.  Although aren't Remitabit and IdentiPay kind of redundant?  Is Remitabit even necessary?

RemitaBit (or just nix this one)
IdentiBit
IdentiPay
IdentiBank



I agree: the "a" in "Identabit" is part of the problem. "Identibit" is a MUCH better name, imo--much clearer, respectable, apropos, and less likely to make people think there was sloppy spelling.

John, out of curiosity, what would be the rationale for going with "Identabit" rather than "Identibit"? Is it because the "a" makes the name slightly closer to "Remitabit"? In my opinion, "Identibit" sounds quite close to "Remitabit" already, and it would fit in well to the naming scheme. Also, the .com, .net, .org are all available...
Title: Re: Important Criticism
Post by: EstefanTT on August 17, 2015, 04:07:42 pm
I agree: the "a" in "Identabit" is part of the problem. "Identibit" is a MUCH better name, imo--much clearer, respectable, apropos, and less likely to make people think there was sloppy spelling.

John, out of curiosity, what would be the rationale for going with "Identabit" rather than "Identibit"? Is it because the "a" makes the name slightly closer to "Remitabit"? In my opinion, "Identibit" sounds quite close to "Remitabit" already, and it would fit in well to the naming scheme. Also, the .com, .net, .org are all available...

That's IMHO much better and you keep the name very close to what it is now !   +5% +5%
Title: Re: Important Criticism
Post by: pendragon3 on August 17, 2015, 04:28:06 pm
"Remitabit" is actually a clever and catchy name because it can be seen as a play on "Remit a bit", suggesting cost-effective remittance of small amounts. So, it's understandable why John might place high value on this particular name for a project to be developed in the future.

The important point, though, is that the "a" in "Identabit" doesn't serve the same function. In other words, it doesn't buy you much at all if used instead of "i" in "Identibit". In fact, the "a" seems to be a significant liability in "Identabit". I think just about everyone on this thread wants this project to be a smashing success, but a common concern voiced by many is that "Identabit" is a weak name that could needlessly undermine the brand image and hinder widespread adoption by consumers.

In my opinion, "Identibit" (1) looks slicker, more impressive, more intelligent (notice the 2nd "i" in "intelligent"), and more professional; (2) more powerfully evokes the concept of identity; (3) helps avoid distracting associations with dentures and mouthguards; and (4) and rhymes equally well with "Remitabit" when spoken aloud.

Here's to hoping that John comes around and realizes the drawbacks and weaknesses in "Identabit"...
Title: Re: Important Criticism
Post by: jakub on August 17, 2015, 06:23:03 pm
Bitcoiners may continue to rave about anonymity, but pigs will fly before we see institution's risk exposure to counterparty anonymity.

The same pigs will fly before we hear "you owe me 6 indentabits, mate" somewhere in the street.
No matter if it's identabit or identibit. This is just not gonna happen.

Even if you spend millions to promote it as identabit people will just reduce it to something much shorter.
You might as well go with the flow and give them the short version now.

In the brief you wrote that the aim was to have an "easy to remember retail name". So either the brief is wrong or the name is wrong.
I bet you a hundred identabits that if you took 100 random people and asked them which name - identabit or ubit - sounds more like an easy to remember currency unit, then identabit would not be the winner here.

Identabit conveys the right message and it's an acceptable name for a company but is just useless as a name to be used in shops & bars. You are introducing a new currency here, thus asking people to use it in everyday situations. The name does matter here as it's an integral part of the utility being offered. In this case one uses the product by pronouncing its name, so if the name is difficult to remember and pronounce then the product is difficult to use. It's not a car or a computer where the name is just part of the product's image, here the name is part of the product itself. It has to be easy.

If you take a look at the list of world currencies (https://en.wikipedia.org/wiki/List_of_circulating_currencies), most of them are one or two syllables, just a few are three but not a single one is more than that. People all over the world have been choosing short and simple names for their currencies. So there must be a very fundamental and universal reason for that. You plan on denying this reason by introducing the first ever four syllable currency name.

I know you've invested a lot of thinking in your naming strategy. And that's probably the reason you cannot let go of it.
I rest my case and wish you luck. And I truly hope I am wrong on this one and identabit eventually succeeds.
Maybe it is such a good concept that it will succeed despite this terrible name.
Title: Re: Important Criticism
Post by: pendragon3 on August 17, 2015, 07:35:38 pm
Main takeaways:
Title: Re: Important Criticism
Post by: underwun on August 18, 2015, 07:36:37 am
Hi All

My mistake, I haven't referenced the name for the currency other that the IDB shortcode we use and I should have, my apologies.

We will use a name other than Identabit for the currency, ibit works and inabit was suggested.

We have killed the D and we own numerous URL's including identabit.org/info, identibit.com/org/info, identabits.com so misspelling isn't an issue.

Identity will remain part of the name as we need to bring attention to our purpose.

Thanks everyone there is a lot going on and giving the attention to the detail deserved is always a challenge.

I would like to concentrate on money, software and partnerships once the naming of the currency is behind us.

Jakub thank you for pulling my head out of my ass and PD3 thank you for your constructive approach, to everyone else a big thank you. Your effort helped me listen.





Title: Re: Important Criticism
Post by: xeroc on August 18, 2015, 08:35:49 am
Hi All

My mistake, I haven't referenced the name for the currency other that the IDB shortcode we use and I should have, my apologies.

We will use a name other than Identabit for the currency, ibit works and inabit was suggested.

We have killed the D and we own numerous URL's including identabit.org/info, identibit.com/org/info, identabits.com so misspelling isn't an issue.

Identity will remain part of the name as we need to bring attention to our purpose.

Thanks everyone there is a lot going on and giving the attention to the detail deserved is always a challenge.

I would like to concentrate on money, software and partnerships once the naming of the currency is behind us.

Jakub thank you for pulling my head out of my ass and PD3 thank you for your constructive approach, to everyone else a big thank you. Your effort helped me listen.
+5%
Title: Re: Important Criticism
Post by: Ben Mason on August 18, 2015, 11:19:26 am
Hi All

My mistake, I haven't referenced the name for the currency other that the IDB shortcode we use and I should have, my apologies.

We will use a name other than Identabit for the currency, ibit works and inabit was suggested.

We have killed the D and we own numerous URL's including identabit.org/info, identibit.com/org/info, identabits.com so misspelling isn't an issue.

Identity will remain part of the name as we need to bring attention to our purpose.

Thanks everyone there is a lot going on and giving the attention to the detail deserved is always a challenge.

I would like to concentrate on money, software and partnerships once the naming of the currency is behind us.

Jakub thank you for pulling my head out of my ass and PD3 thank you for your constructive approach, to everyone else a big thank you. Your effort helped me listen.
+5%
Yea, bl00dy marvellous. Good constructive stuff  +5%. Now let's try to help underwun with everything else....
Title: Re: Important Criticism
Post by: MJK on August 18, 2015, 03:58:03 pm

Brilliant suggestion, jakub. Absolutely brilliant.
"ubit", imo, is a perfect name for a consumer-oriented currency intended to challenge Bitcoin head-on.
"ubit" is short, simple, memorable, and replete with meaning.

THIS ^^^^^  +5% +5% +5% +5% +5%
Title: Re: Important Criticism
Post by: donkeypong on August 18, 2015, 04:05:03 pm

Thanks everyone there is a lot going on and giving the attention to the detail deserved is always a challenge.

Jakub thank you for pulling my head out of my ass and PD3 thank you for your constructive approach, to everyone else a big thank you. Your effort helped me listen.

Sharedropping is a two-way street. Your good will towards this community entitles you to free market-testing on the forum!
Title: Re: Important Criticism
Post by: Ander on August 18, 2015, 09:15:09 pm

We will use a name other than Identabit for the currency, ibit works and inabit was suggested.


I think 'ubit' works best.  Kindof like youtube.
Title: Re: Important Criticism
Post by: MartinZ on August 18, 2015, 09:50:36 pm
from what I've seen so far here, ubit rocks my boat  the most :)

ibit sounds like an Apple product, and inabit like something that has a lot of lag, so "your transaction will be confirmed in-a-bit"
Title: Re: Important Criticism
Post by: liondani on August 18, 2015, 10:17:18 pm
Ok folks thank you for your input, we have lots to do.

The D will go but the name stays.

Let's move on.

Many logos to pick-up now....

(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http:%2F%2Fvectorpage.com%2Fuploads%2F2013%2F12%2FShiny-Dental-Logo-vector.jpg&sp=ad457260c047c015bd41ba8954cd650d)

Identabit


(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http:%2F%2Febniacafe.com%2Fsocial%2Fwp-content%2Fuploads%2F2015%2F05%2Ftoothpaste-Clfqb8.jpg&sp=490ab22564077d3a6f58bf9322debbb9)


PS   This name sucks for the reason you want it, and it is also to long ( i-de-nta-bit )!  Good Luck !  :-[   (Just my personal honest opinion)
Title: Re: Important Criticism
Post by: Ander on August 18, 2015, 10:24:09 pm
Doge is for people that love dogs, Identabit is for people that love...dentists? :P



Title: Re: Important Criticism
Post by: liondani on August 18, 2015, 10:33:58 pm
Doge is for people that love dogs, Identabit is for people that love...dentists? :P

I really thought they are open-minded and they would change their decision after all this proposals here. It is obvious a very bad name....
And the most of us have (even indirectly) said that here....
BUT NO. "We know everything better, and we stick on our personal ideas"

(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Ftse3.mm.bing.net%2Fth%3Fid%3DOIP.M0f97a5342970719d81b3f94b24a9c43eo0%26pid%3D15.1%26f%3D1&sp=adf039e8c949daaab4883a725e5573f1)

(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http%3A%2F%2Fmedia-cache-ak0.pinimg.com%2F736x%2F13%2Fc1%2F4c%2F13c14c13c5d2ad0c5e865796f5f66249.jpg&sp=2d3b53e8e2b091b8eb192b3a5aca09fc)


PS   At least doge  ( do-ge)  is easy to remember and short
Title: Re: Important Criticism
Post by: 38PTSWarrior on August 18, 2015, 11:04:35 pm
Ok folks thank you for your input, we have lots to do.

The D will go but the name stays.

Let's move on.

Many logos to pick-up now....

(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http:%2F%2Fvectorpage.com%2Fuploads%2F2013%2F12%2FShiny-Dental-Logo-vector.jpg&sp=ad457260c047c015bd41ba8954cd650d)

Identabit


(https://s3-eu5.ixquick.com/cgi-bin/serveimage?url=http:%2F%2Febniacafe.com%2Fsocial%2Fwp-content%2Fuploads%2F2015%2F05%2Ftoothpaste-Clfqb8.jpg&sp=490ab22564077d3a6f58bf9322debbb9)


PS   This name sucks for the reason you want it, and it is also to long ( i-de-nta-bit )!  Good Luck !  :-[   (Just my personal honest opinion)

It is i-dent-a-bit.
I also dont like the a.
It reminds me more of identity than dentist but i see what you mean.

Maybe something like IDchain or chainID? But identabit is ok. Bitident?
Title: Re: Important Criticism
Post by: underwun on August 19, 2015, 12:05:07 am
No need to believe, lets see how we go. I enjoyed the teeth  ;) If you take a look above you will see a post recognising the issues raised.
Title: Re: Important Criticism
Post by: clayop on August 19, 2015, 02:09:52 am
What about IDBit?
Title: Re: Important Criticism
Post by: fav on August 19, 2015, 07:07:59 am
this is one of the most creative threads ever on this forum in my opinion.

however, I think 8 pages discussing a name goes a bit too far on the important criticism part :D

btw, I like ubit / IDbit, but doubt those names are free. you could go with a .xyz tld (google moved their mother company to abc.xyz so expect something of this SEO wise)
Title: Re: Important Criticism
Post by: Akado on August 19, 2015, 05:41:36 pm
It isn't really a problem like the author describes, but at the same time it doesn't sound original at the same time. kind of click bait but... https://medium.com/@nickabouzeid/bitcoin-company-names-suck-bcbcae8dc033
Title: Re: Important Criticism
Post by: underwun on August 20, 2015, 02:35:45 am
What about IDBit?

My favorite...sorted and we have the URL's IDBit.org and info
Title: Re: Important Criticism
Post by: donkeypong on August 20, 2015, 04:27:16 am
I like that one. Much simpler. ID means identity to everyone. And you can still go with the IDB abbreviation.
Title: Re: Important Criticism
Post by: BunkerChainLabs-DataSecurityNode on August 20, 2015, 05:24:15 am
What about IDBit?

My favorite...sorted and we have the URL's IDBit.org and info

NICE!  +5%
Title: Re: Important Criticism
Post by: Method-X on August 25, 2015, 02:58:34 pm
I feel so indecisive saying this but Identabit is kind of growing on me. It was the capital D that put me off. If it's between IDbit and Identabit, I much prefer identabit.
Title: Re: Important Criticism
Post by: James212 on August 31, 2015, 03:19:29 pm
PLease let CAss help with your marketing.  WOuld love a name brand change before you get too many T-SHirts printed, but it is what it is.  I might suggest something that conjures the feeling of openness, honesty, integrity, transparency, honesty other than identity which is only the means to the end (trust based on truth)

 +5%

  .....and I would add "something that conjures the feeling of "security".   "Identity" can easily be taken as a negative and it is something the user must give up.....a forfeiture of privacy if you will.     However security is generally seen as something positive that is being provided.     I would NOT suggest "securabit" though.  I think all aspects of the product name can be much improved with some marketing brain storming. 
Title: Re: Important Criticism
Post by: James212 on August 31, 2015, 03:20:48 pm
I like this project and think it has potential. The one thing that seems unprofessional to me is the name itself. I would suggest using a naming service like http://www.namebase.com (there are many others). I would also recommend staying away from any and all cliches like "bit" for example. I would opt for a name that has nothing to do with cryptocurrency. Example: Ethereum, Ripple, Stellar, Graphene. These are all great names.

 +5%
Title: Re: Important Criticism
Post by: James212 on August 31, 2015, 03:25:36 pm
What functionality does Ethereum have (or promise to have in the future) over BitShares? How much does the name "Ethereum" contribute to its current 10x market cap advantage over BitShares?

Etherium has a good market cap because they were able to get momentum behind their tech. That counts more than many here would like to believe.

 +5%