Public image is something serious and a name change after 1.0 carries a big penalty as it connotates instability.
Any name debate should be set in a world context. Above, German was mentioned and I'm thinking in French ! These and many other languages contain Latin and Greek roots, and "crypto" is greek. In science, use of these two languages extend to all cultures. This protects such a prefix/suffix from bad connotations.
Whatever name you choose will cost money and need help from a jurist. I think the jurist would say that you cannot be attacked on the basis of a generally used greek word.
I'm not a linguist, but can say that one greek word should preferably be linked to another, so avoiding language mixes with their own dangers.
For example in French, TrueCrypt sounds like hole-crypt !
Trademarking is professional and has long-term consequences that are outside the scope of a referendum.
This naming issue looks like a particular case of a wider problem you may have: To set up a product, free, bought or bartered, you need to reunite a wide range of skills. To avoid mistakes now, and even taking quick decisions, you will need to be knocking on doors (lawyer, linguist, graphic artist), not just upvoting or downvoting one name or another.
Such professionals should already be among TrueCrypt users. They should be able to give some of their time for this project.
PS I'm glad to have read this thread which I found by accident, because I thought that to shed was a verb, and wondering why we should shed a cypher!