Bitcoin Forum

They have said multiple times that they are not going to use Bitcoin. They are researching the use of "Blockchain Technology" for record keeping.

Wrong! Read more. They are useing "colored coins". That's Bitcoin.

NotLambchop must hold the record for creating the most bitcointalk accounts.
And for being the most annoying, etc.

Record keeping can be done with:
Spreadsheets: Microsoft excel
Relational databases: Oracle, Postgres, Mysql

You of all people should know that this obviously is not one of Lambchop his sockpuppet accounts. Lamb never changes in the way he replies, no matter how many accounts he uses. The poster above does not fit Lamb's profile.

And to be frank: the guy is likely right, even though he created an account to say 'just that'. There was a topic about the blockchain (the thing that holds real value), with the OP telling others that major financial companies are interested in the tech, but not in Bitcoin. What followed were two dozen people telling him that he could not be right one or another, because they have so much interest in Bitcoin being adopted by those entities. Whatever it is, many people here even ignore the evidence if it is right in front of them - they're just that far gone.

Another (same) retard creating a new account for senseless FUD.

The blockchain doesn't work without Bitcoin, because Bitcoin is the fuel for the blockchain, it's the native currency in which the blockchain guards (miners) get their rewards for running the entire fucking thing. Don't you get it? There is no blockchain without Bitcoin. The journalists are retarded, so you are. Everyone that uses the blockchain IS USING Bitcoin indirectly, which means sooner or later all those moves will translate in higher price.

http://s17.postimg.org/e893l7qyl/Bitcoin_Blockchain.jpg

You are wrong on both counts.

Nasdaq are using the bitcoin blockchain.

Yeah, this is totally the work of one lambscrotch, just w/o the weird and deranged pedo references and such.

http://s27.postimg.org/rtoyjsr1v/znasdaqbitcointwitter_Untitled.png (https://twitter.com/mikejcasey/status/597545262345682945)




    - End of thread.

it does not matter that much, but the side effect should bring something to bitcoin, a fresh air to from which the price can restart again, they will help bitcoin indirectly

No now alot of tech companies are looking at the blockchain. not bitcoin makes more sense.

They never said they want to use Bitcoin, what they said is blockchain technology not Bitcoin, even it come from Bitcoin.

Another one of those newly created account meant to spread fud. To counter the statement, Nasdaq can use bitcoin and most likely they will do it to incorporate into it via use of colored coins. It is something like ownership of shares being documented and written to the blockchain for them to claim it. Imagine it would work like counterparty

Don't know what colored coin is before. After reading about it on the wiki, i think is a contract thing which stores ownership information on the bitcoin blockchain. Do these colored coins transactions need to pay 0.0001 transaction fee to the miners? If they do, nasdaq using colored coins will help bitcoin popularity.

"The" blockchain meaning that they are using bitcoin without saying that they are using bitcoin. They also said they are using open asset protocol and colored coins, which is clearly on the bitcoin network.

Phase 1: Use the word "blockchain" instead of bitcoin to get rid of any negative connotations
Phase 2: People realize that they are literally using bitcoin
Phase 3: Profit.

Are there any other coloured coins in operation, Ive heard of the idea but I presume they mean altogether separate blockchain until it actually goes ahead or someone confirms this is even possible yet

they will test their idea on the bitcoin blockchain. they want to settle ownership online in a way it cannot be forged. no other alt-chain is near as safe.

i bet they love the idea that they can use the bitcoin blockchain for free.

what i great invention. you can use it, i can use it. nasdaq can use it. for free, safe, secure. bitcoin rocks.

so, that was the "pre-pump" ?

Correct, although they may use a different blockchain for their system. we may want that if the plan is to spam the chain with tons of micro-transactions. Buy they are currently using the bitcoin blockchain specifically.

^ this

Saying that you believe in the blockchain technology but not bitcoin the currency is currently the "politically correct" thing to say in certain circles. But that will change with time.

Even if Nasdaq is not currently planning on using large quantities of bitcoins, in the long run this is bullish for the price. This is the sort of thing that will entrench the bitcoin blockchain, making it less and less likely that its dominance will be supplanted by an alt. After all, from an investor viewpoint, the question is not whether cryptocurrencies will be valuable in the future; the only question (imho) is which one(s).

I imagine that in the future, switching operations from one blockchain to another will be easier said than done. Analogous to switching from one operating system to another (windows, OSX, linux). Sure it can be done, but it is an expensive proposition.

I dont think they want to develop another blockchain technology.

Besides what are they going to use it with? The requirement is whats being used right now which is what we all hold?

I've gotta say NotLambChop, you really need to step up your game... obvious troll is obvious..

Oh lookie, another newb pretending not to be themselves. Sometimes, someone w/o any interest in the topic they're supposed to post about just runs out of shit to post.

They want to take advantage of the fact Bitcoin is the MOST SECURE thing on the planet.

Not LTC, PPC, Shitcoinabzfdsaf9a,  Bitcoin is.

That insane hashing power provides insane security.. not even most bitcoiners understand what this means.  Hence why most don't mine or only mine for profit.


They are going to use BTC, they want the security it offers.  As said, coloured coins.

Oh stop it with the lies already!
There is no working implementation of colored coins! The entire concept has been wiped from the table for about a year now.

http://blog.coinprism.com/2015/05/16/nasdaq-using-openassets/

That's great and all, it's just not true, is it.