Bitcoin Forum

lol, yeah, that is an apt analogy.
They just can't seem to help themselves. They must cut that goose open and see where the golden eggs come from.

well they kinda centralized it(internet) with all the ISP they raised in the world

they will do the same with bitcoin with centralized node, from where you need to connect to gain access to your wallet, it's just a bad dream....

This.. I fear this.

Yes, but since the beginning it was expected that big farms would be the only ones both doing the mining and storing the blockchain.

I think they're entitled to their opinion but for centralized institutions like banks who run their own blockhains they wont need any bitcoin-type payment system or if they do they'll just be running it with their own type of alt coin.

Well they got it right but from an economical standpoint it had to happen.

They (bankers) believe the real thing is blockchain not bitcoin.Many believe the future's financial system will be based on blockchain technology.They want to give impress that Bitcoin is so important as people believe.That is the reason they promote and willingly are ready to embrace the blockchain tech.

That maybe the future of the financial system but only if it gets adopted by the banks and gov.

blockchain don't work without nodes and mining power ...

@OP Great illustration. Lets post it in reddit and upvote to the top. Anti-bitcoin blockchain tech experts will stand red faced. :P

It's right I see many enterprises talk about blockchain but they don't talk about bitcoin,but the point is that when it is flooded but blockchain they will realise that they are flooded with bitcoin

Well a blockchain based on Proof-of-Authority only needs 1 centralized node and 0 mining power. Let's hope that we never get to this kind of shit.

Yep. That's like saying you like your GPS device but you don't support the development of space infrastructure. You can't have GPS without satellites orbiting the planet, and the Blockchain wouldn't exist if Bitcoin didn't exist.

I think they just say that in public because it sounds way less scarier to the general public. Bitcoin still = oh_noes_drug_money, Blockchain sounds more politically correct.

I'm sure there will be lots of blockchain influenced tech and to some that's the exciting part of bitcoin or the blockchain tech, but I don't think it will neccesarily need a coin to power it and many people will develop alt systems that are just based on bitcoin.