Author Topic: Important Criticism  (Read 29747 times)

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Offline Ander

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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.
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Offline Erlich Bachman

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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.
« Last Edit: August 13, 2015, 08:19:25 pm by Erlich Bachman »
You own the network, but who pays for development?

Offline Ben Mason

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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?

Offline Method-X

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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.

Offline Ben Mason

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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
« Last Edit: August 13, 2015, 06:51:00 pm by Ben Mason »

Offline Ben Mason

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webID

Idu - as in ID you, pronounced "iddoo"

GravityID or gravity




Offline Pheonike

How about

 VerIDi
 VerIDia
 VerIDy
« Last Edit: August 13, 2015, 06:47:12 pm by Pheonike »

Offline Erlich Bachman

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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.
« Last Edit: August 13, 2015, 06:51:33 pm by Erlich Bachman »
You own the network, but who pays for development?

Offline santaclause102

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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
« Last Edit: August 13, 2015, 09:19:14 pm by delulo »

Offline puppies

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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?
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Offline BunkerChainLabs-DataSecurityNode

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.

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Offline EstefanTT

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 ?

Bit20, the cryptocurrency index fund http://www.bittwenty.com
(BitShares French ConneXion - www.bitsharesfcx.com)

Offline betax

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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.
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Offline topcandle

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. 
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Offline santaclause102

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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.