The two biggest mistakes made by Bitcoin:

1 is that its name contains the word 'coin'.

2 is that it promoted itself as a payment tool.

According to current usage, only 1% of Bitcoin holders do so for payment purposes. Its extreme volatility also makes it unsuitable for pricing products as 'currency'. Rather than being called 'coin', it is more appropriate to be considered as a form of stamp, antique, software program, or gaming equipment.

Traditional 'coins' refer to fiat currency issued by a government, backed by the state. The misleading name raises concerns for governments about the threat to sovereign currency systems.

Promoting Bitcoin as a payment tool has also triggered a strong response from regulatory agencies, directly touching on the sensitive nerves of the financial system. The core value of Bitcoin lies more in its technological innovation and asset storage function, rather than as a means of payment.

A more suitable name for Bitcoin would be electronic stamp, electronic commemorative coin, electronic gold, or internet gold. #BTC☀ #doge⚡