Evangelist Andreas criticizes Bitcoin for having a bad name and wants to rename it “Network of Trust”

At the recent FabLab conference in Barcelona, ​​Bitcoin expert Andreas Antonopoulos spoke about his views on the "future of money". Interestingly, the author of the book "Mastering Bitcoin" admitted that he doesn't like the name of Bitcoin and said that if he had the chance, he would rename it to " TrustNet ".

Is Bitcoin a bad name?

Speaking at the Barcelona Bitcoin Meetup on March 24, Antonopoulos admitted that the name of the world’s first “internet-centric” currency is “terrible” and will not appeal to the general public.

“I really like the idea of ​​a network-centric currency,” he said. “The word ‘bitcoin’ is a terrible name, in my opinion. It sucks.”

Bitcoin’s public image has also suffered from negative publicity, leading many to associate it with cybercrime and black markets. But is Bitcoin’s name also a problem, as Antonopoulos suggests?

"If you're a designer, you need to rethink that," he continued. "Bits means small, or it means a geek uses it. Neither interpretation is appropriate for the general public. The word coin, which refers to a physical form of money, is what we used to describe the physical money we designed."

When you first hear the word "Bitcoin," your first thought is definitely not a decentralized, peer-to-peer commerce, the first neutral display financial network. If you have the opportunity to rename Bitcoin, what would you choose? Antonopoulos' choice is this:

“If I could rename it, I would call it the ‘TrustNet’ because that’s what Bitcoin is. It’s a network that allows you to replace trust and institutions. The network acts as a powerful and decentralized arbiter of truth, resolving any disagreements about transactions and security, and no one person can control it.”

I wonder what Satoshi Nakamoto, the founder of Bitcoin, thinks about this?

Original article: https://news.bitcoin.com/antonopoulos-bitcoin-rename-trustnet/
By Allen Scott
Compilation: Overnight porridge
Source (translation): Babbitt Information (http://www.8btc.com/antonopoulos-bitcoin-rename)