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Title: "Internet of Money" or "Internet of ownership" ? Post by: remotemass on November 16, 2016, 08:59:54 AM I prefer the latter because it puts emphasis on the blockchain technology ability to be use for change of ownership of digital or physical assets in a global and free market where even robotic machinery can be in charge of owning, maintaining and exchanging valuable assets.
Bitcoin and the block chain technology are the internet of ownership for he/she/it. PS.: check out my "International Postcode system using Meter Cubes" with 22 digits up to 9261000000000000000000 you have the ordered numbered physical/static meter cubes locations. starting with a run of nines you would have layers for movable things on the planet: human IDs, car plates, books I'd, SIM cards, etc. 21 million meters cubed (22 digits). Title: Re: "Internet of Money" or "Internet of ownership" ? Post by: unamis76 on November 16, 2016, 12:56:20 PM Why can't both coexist? In reality we are now in the age of both ownership and money with the blockchain and Bitcoin respectively....
Title: Re: "Internet of Money" or "Internet of ownership" ? Post by: 7788bitcoin on November 16, 2016, 01:04:40 PM Bitcoin is internet money and if you have the private key=you own the "money"... So there is no conflict.
Title: Re: "Internet of Money" or "Internet of ownership" ? Post by: altcoinnxt on November 16, 2016, 01:31:55 PM Bitcoin is internet money and if you have the private key=you own the "money"... So there is no conflict. Yes ,because there are many people want to buy bitcoin using their country's currency,so now bitcoin become internet money!people believe bitcoin! Title: Re: "Internet of Money" or "Internet of ownership" ? Post by: yayayo on November 16, 2016, 01:51:37 PM I prefer the latter because it puts emphasis on the blockchain technology ability to be use for change of ownership of digital or physical assets in a global and free market where even robotic machinery can be in charge of owning, maintaining and exchanging valuable assets. Bitcoin and the block chain technology are the internet of ownership for he/she/it. [...] While I agree that "Internet of ownership" is a more general term that more completely describes the possibilities when utilizing the Bitcoin blockchain, I do not prefer putting emphasis on "Blockchain technology". "Blockchain (Technology)" has become a buzz word that is preferentially used by the uninformed - namely bankers and similar imbeciles - who disregard Bitcoin and want to build private, centrally controlled blockchains. It's perfectly ok to use the term "Internet of Money", because the monetary property of Bitcoin is the very foundation for any potential secondary use of the blockchain. The key innovation is decentralized money, which is enabled by using a fairly inefficient construct - the blockchain. Without the value that Bitcoin represents, none of the potential secondary applications using the blockchain would work, because they wouldn't be secured. So in short the term "Internet of Money" describes the foundation (so to say the protocol) on which ownership registrations are made. For an analogy, websites couldn't work without the TCP protocol, and it would be grossly incorrect to say that the Internet is only websites. ya.ya.yo! |