10

Is there some standard term to describe all Bitcoin-like internet currencies, like Solidcoin, Namecoin and so forth? Like "currency" is to dollar, euro, yen, etc?

10

distributed digital currency, or distributed digital crypto-currency. the "distributed" bit is a key issue - anyone can make a centralized digital currency, even with crypto thrown in.

  • 2
    We need some shorter name for that. – ThePiachu Oct 17 '11 at 7:00
  • 2
    The "digital" part is probably unnecessary, as there is few uses for non-digital crypto-currencies. – ThePiachu Oct 17 '11 at 15:13
  • 1
    indeed probably digital can be dropped... that said, what's the goal here? "the shortest name" or "the most accurate name" ? – nanotube Oct 18 '11 at 3:08
  • Probably the shortest of the names which are accurate, that is cover all the -coins without using a qualifier that doesn't add any information. – ThePiachu Oct 18 '11 at 6:47
  • Distributed != decentralized. Mintchip, for instance, is close as it is distributed (multiple issuers), but it is not in the same league as bitcoin because the rules on it are centrally controlled. – Stephen Gornick Jul 7 '12 at 1:38
9

It's called crypto-currency, Wikipedia article.

  • 1
    As there are no crypto-currencies that are not decentralized, this is probably the shortest of the proper terms we can use so far, but that might change in the future to "distributed crypto-currency", as pointer out by nanotube. – ThePiachu Oct 17 '11 at 15:10
  • 1
    "As there are no crypto-currencies that are not decentralized" <- this is false. see, e.g., loom.cc. – nanotube Oct 18 '11 at 3:09
1

I use "chain currencies". There are precedents for crypto currencies. OT currencies are also crypto-currencies. Ripple IOUs use cryptoGraphy in the distributed protocol too. The uniqueness is definitely in the block chain. I often refer to them as just "coins" since most of them are called SomethingCoin.

-1

I think crypto-currency is the good term.

But personnally I tend to use digital currency because crypto can scare some users.

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.