Some suggested that a pop-up notice should be included when someone clicks the term ‘Bitcoin.’ Some suggestions on the wording included a pop up that reads:
“There are numerous crypto-assets that have the word ‘Bitcoin.’ To avoid confusion and accidental selection, please view the information below to assist you with the selection. Bitcoin (BTC), the original Bitcoin that was founded in 2009; Bitcoin Cash (BCH), Bitcoin fork that surfaced in 2017; Bitcoin SV (BSV), Bitcoin Cash fork that surfaced in 2018.”
Without such direction, crypto enthusiasts on social media lamented, newcomers will have a hard time deciding which among the three ‘bitcoins’ they should buy. Others noted that the confusion caused has already driven some BTC enthusiast away from buying and they may never return any time soon.
For example, a Redditor noted:
“I have a friend tell me he was going to get home and put up an account on an exchange. The next day, I get a call and literally said ‘uhhhh… there are a few bitcoins, which one is it?’ I told him that [which] said BTC. His response was ‘okay, but why is there a few bitcoins? That makes no sense.’ Because of that, till this day he never bought bitcoin or any cryptocurrency for that matter.”
The suggestion was welcomed with open arms. To make the decision more effective, the ‘friendly notification’ should also include “the fees and waiting times” to also reduce the anxiety of waiting for your crypto coins to get into your wallet.
However, others had a different idea; all other coins with the word ‘bitcoin’ “should all be delisted so that we can finally move on.” With others alluding that them having the same name was initially meant to confuse buyers. The idea of a popup seems timely as Bitcoin commands higher prices.
- Altcoin News1 week ago
DAPS the new Privacy Coin to be Unveiled at Consensus, Monero better watch out
- Bitcoin News1 week ago
Bakkt Finally Announces Bitcoin (BTC) Futures Project Start Date
- News7 days ago
Enjin and Minecraft Launch World’s first Blockchain Powered Server called Enjincraft
- Analysis & Opinion1 week ago
An investor buys Litecoin for $100,000 in costly mistake
- Bitcoin News5 days ago
WhatsApp to Accept Bitcoin (BTC) and Litecoin (LTC) Bringing Crypto to Billions
- Analysis & Opinion6 days ago
Crypto Influencers: There is an 85 Percent Chance that Bitcoin (BTC) Has Bottomed
- World News5 days ago
Amazon Has Filed A Patent In The US For A Proof-Of-Work System That Leverages Cryptography
- Interview1 week ago
Coinbase CEO Brian Armstong Speaks on the Future of Crypto at Consensus 2019