Cryptocurrencies: What's In A Name?

in #cryptocurrency7 years ago

These days there are no shortage of new cryptocurrencies coming along every day. In some cases, I'm given to wonder whether the devs are secretly conducting an experiment to see if a currency will succeed despite a ridiculous name. Some recent examples include RSGPcoin (really rolls off the tongue), FuturXe (how do you even pronounce this?), E4ROW ("You've sunk my battleship"!), and Bnrtxcoin (did they just throw consonants together at random?).

The worst one ever was surely jl777hodl, which was actively traded for a time, with a market cap of over a million bucks, presumably stopping only when people came to their senses.

But a better name may not be an indicator of success either. As a libertarian, I had high hopes for Libertycoin, based largely on its name.

Remember Libertycoin, anyone?

Anyone...?

[A tumbleweed rolls past.]

Anyway, I think we can agree that if a new crypto has a cool-sounding name, it's much more likely to succeed than one that doesn't. I've found examples of each. There's a currency with such a cool name that I can confidently predict that it will overtake Bitcoin at the top of the list by the end of the year (maybe a soon as next week), and that is HyperStake. What an awesome and futuristic name. Did you see the embedded capital? It can't fail!

The other currency I've identified is one with such a silly, pretentious-sounding name that I just don't think it has a future at all: Ethereum.

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