Bitcoin Forum

I have heard a lot less news over the last few months about blockchain this and blockchain that,  for awhile every other day there was some bank or corporation spouting off about how they were using blockchain in some way. 

Is it now time for Bitcoin to take centre stage again?

Most blockchain enthusiasts won't want to admit it in any way, but Bitcoin is now the single focus of the technologies surrounding it. The blockchain is looking less and less like something that banks are going to be able to use, however there are other applications for something like it. The people in charge of these applications have to go out and seek it first.

If Blockchain fails, sure its a bad time for bitcoin. In my view Blockchain technology had got some issues which will be rectified soon. Because of this transaction delay has been taking place. Misunderstanding has led to a thinking that bitcoin is dead which is unfair.

Blockchain is actually tech behind bitcoin and it is just like backbone of bitcoin so basically blockchain shouldn't be considered as competitor for bitcoin.

It is true that we are hearing about several blockchain based startups/projects lining up but that will not damage bitcoin for sure (other than some altcoins). Actually blockchain based startups are trying to provide other real life solution rather than payment gateway, and bitcoin have already taken good place as payment gateway as well as safe place to invest into.

Blockchain and bitcoin both need to live long  :D

Bitcoin and blockchain are two sides of a coin, it's incredibly difficult to imagine life without any of those. So makes no sense to keep one and dump one. It's important to keep both in focus rather than only one. So let's hope blockchain survives it, otherwise Bitcoins will be effected by it.

Blockchain not backed by huge processing power is not efficient. Private blockchain banks are trying to 'invent' is nothing more than a database.
I doubt it will solve their problem - they think if they run blockchain, store it on their main server it will be enough to fix their security flaws?
Even if you put a node in every branch it won't be safe - it will be comprised sooner or later - as long as it is not backed by enough hashing power.

I'm effectively repeating what other people have said, and that is there is no point to a blockchain not run by the public because a blockchain is nothing more than a database that is effectively worthless beyond "verifying" that anything has changed. Even then, it offers minimal benefits versus the other measurements, checks and balances that verify when something has moved.

Isn't it that the blockchain is the technology that makes bitcoin possible? There wouldn't be a cryptocurrency if there's no blockchain, right? No more hashing power needed if there is nothing to solve by the mining machines. Since blockchain technology is really a great innovation, it has a possibility to be applied to different areas in our lives. Maybe applications for the blockchain that we haven't discovered or researched yet. The blockchain technology is still at its infancy, there are a lot of possibilities to be discovered now that it's getting more and more popular.

dude.. if you talk about bitcoin you're talking about blockchain too..
of course bitcoin itself is important, but it's just one use for the blockchain technology. Blockchain is the bigger picture.

Blockchain is technology related to bitcoin but not only for bitcoins. It could be also used in other areas and many banks, governments and other know that and what to have some use of it. Blockchain could be adjusted for different purposes but because of that we don't have to fear that this will harm bitcoin.

I was getting at the media hype over private blockchains set up by corporations and banks,  for awhile Bitcoin was being used for everything bad and the latest private blockchain was the best thing.  i have been in Bitcoin since 2010, i get that Bitcoin uses a blockchain.....lol   :D

I think you do not have any knowledge about Bitcoin. Don't you know that Bitcoin need the Blockchain to develop and to be used ? Blockchain is just like the ocean while Bitcoin is fish swimming in this ocean. If something jeopardy the ocean, the fish will die first, not the ocean

It seems like you might be struggling a bit to understand what OP was referring to.

OP is saying that these supposed private blockchains that were going to "revolutionize" traditional banking are failing, and because of this Bitcoin is now just in a stronger position with even fewer competitors now.

I don't mind this. The further and further we can force banks from trying to use this tech the better imo.

You may right about the private blockchain, Like some of his advantages cheaper fees, Any 51% attack doesn't apply.

But Public or private has got his advantages, And it is different.

Don't understand this whole blockchain buzz word thing. Facts are that without its computing power bitcoin blockchain would be just a database ;), which all other "blockchains" are.
Bitcoin is unique, bitcoin has value, has computing power.

I've always thought that blockchain is one of the elemental things of bitcoin.... this is kind of new to me now.

Forget the buzzwords and hype. Just think.

Blockchains are just linked lists of data, known to and used by IT people for many decades.
With no special sauce, they offer a decently secure way to hold data. Editable, possibly distributed, etc.
Add the hash links and they can be made more difficult to change without the permissions.
Add the POW and now you make that chain even more difficult to change (immutable) without the permissions and the hash power.

Bitcoin's blockchain (and protocol) has a special sauce tho - no permissions. It allows use by anyone, provided they do the POW.
And it has a super-special sauce that incentivises anyone with that POW to secure the chain.
That sauce is the value - bitcoin.
Without that (and the permissionless nature), bank projects are hitech distributed databases, afaics.

The only thing special about the bank efforts is that they are finally doing a badly needed upgrade to their infrastructure. We can expect them to produce some great new systems, but they're not gonna be anything like Bitcoin's blockchain.

those who are talking about blockchain and was trying to adapt it are still doing it, the only difference is that news sites stopped posting their click bait articles and have moved on to new and different click baits.

besides bitcoin has never left its position to want to come back now. no matter what those corporations say about blockchain alone, they want to make an altcoin, and theirs would also be centralized, unable to compete with bitcoin.

I don't think that blockchain had died or it will die. It's supplements Bitcoin so it should not. As for their glitches they are sorting it out. Bitcoin without blockchain would not be nice. So in near future both shall work in hand with each other like they have done, let both leave peacefully

bitcoin and blockchain are not two different or separable things. they work together and stay alive together. so as long as bitcoin is alive blockchain is also alive. and all those people who want to separate bitcoin and blockchain are only trying to make an altcoin and we have already got enough of those going around that we don't need a bank controlled altcoin.

Don't inedible waffle, a lot people just trolling or maybe they just want to create bitcoin 2.0 and make bitcoin&blockchain fails.

Respond to your title, otherwise blockchain have more attention, especially there are some country who already in beta now implement this technology to their country.

Bitcoin itself become more popular nowadays.

Bitcoin and blockchain can`t be divided.

If the blockchains dies,bitcoin is destroyed.

I don`t care wether or not big corporations are talking about blockchain or btc.

Blockchain technology could live without bitcoin and could be used by other technology but as you mentioned bitcoin wont work if theres no blockchain so we could really say that they are both important to function and could be used by people.I don't know whats the exact aim or essence of OP question between bitcoin and blockchain.

Correct  ::)

Long live Bitcoin!

As described Blockchain and bitcoin were like two eyes of a human body. If one fails too, with the other one can see but somehow to some extent sight loss happens. Same is with bitcoin and Blockchain, the functioning won't be effective as the present.

If Blockchain falls, Bitcoin falls after it too. They're connected and you wouldn't put your money into Bitcoin if it happened either, which leads to the failure. I do not think this would happen, and if it would... Dozens of billions of dollars would be lost, and all the altcoins would fall after too.....

What are you talking about ? so if everyone gave up tomorrow on creating block-chains, then what you are saying is that bitcoins is destroyed aswell ?  how do you work that out?  If banks and corporations, who decided that they wanted to ride the bitcoin wave decide that it does not work for them and give up, your saying that bitcoin will die aswell ???

I think the problem on this forum is that to many people dont understand english very well,  dont comment if you dont even understand the post.  ::)

Is there a relationship with the bank? Mostly chain has used for altcoin which means a lot of them had made for alt-chain. And I don't ever see there is bank was publishing his chain project.

Well there are no direct relationship between bitcoins and the bank. But at this moment of time when they speak of blockchain that is primarily used in bitcoin, the banks are trying to copy that system and integrate it with banking system. They somehow wanted to recreate bitcoin with modifications favorable to them. If bitcoin will be slow to spread itself soon bitcoin clone will replace the old bitcoin. Banks are a threat to bitcoin.

Bitcoin doesnt have to be the center it just needs enough people to make it work.
Right now it is doing that. It is good to have more users bit I think double the users from the current amount I would be very happy with.

blockchain is always going to be the technology that revolutionized how we think about money and will always remain that and can never die. bitcoin is also strong with the blockchain and these two are not seperable no matter how many people try to do it.

I dont think they could able to create a new blockchain which is being governed by them. If that happens for sure it will easily adopted on most people because they will follow the regulations on a particular bank.It will patch up bitcoins existence for sure but i dont think it will happen fast and for sure it will takes time before it would be implemented.

in bitcoin when you hear about something over and over for example blockhain in this case it only means that news sites have found a new hot topic to milk it dry! and when you stop hearing about it, that means that those news sites have gotten their click baits and now they have moved on to new and hotter topics but the reality is happing still in the background and in this case those people are still working on blockchain technology as hot as before.

well i dont think that bitcoin is dead which totally unfair to say .yah u are right there are some problems with the blockchain,that doesnot concludeds that bitcoin is dead .it has some technical issues which will be resolved very soon i hope and there will be no transaction delay at all afterall.

I agree on you. I dont really think that the can able to create a new blockchain which is same with the blockchain right know or better. Well if we could say that they could build but it is not like as fast as now because it is really not the same with the blockchain right now.

Well with the huge R3 consortium thing fiasco where more and more bank firms are jumping off the ship and are saying bye to it, I think it has been definitely a failure for the private blockchain camp. But make no mistake, they will keep fighting bitcoin, they will try to make bitcoin a centralized datacenter node mess, and they will not give up until they take control of bitcoin, so watch out.

True, but it's possible for each of them to exist separately, and I think a blockchain without Bitcoin is a more probable outcome. A modified blockchain can be used in banking, voting and many other things, while Bitcoin is a hit or miss. It either becomes a widely accepted form of payment and/or a store of value or it slowly dies and becomes overtaken by other, more secure and anonymous currency.

haha the title of this topic got me confused for a moment since I've always thought that blockchain was one of the main structures, let's say, of bitcoin. :D should sigwit do something to blockchain tho, if it as to be implemented?

Blockchain is not dead .it is having some issues .well the technicians are trying hard a lot to make it better .because of that transactions are getting late .so dont worry that bitcoin will be dead soon .it will rise to its greatest peak .kudoos :)

Do not get your "Blockchain" based technology mixed up with "Bitcoin" .... Some companies are using the "Blockchain" technology behind

Bitcoin for their projects. They do not want to use the "Bitcoin" token, so they develop something similar, but they use it on their legacy

ledger systems... These technologies are not permission-less and they are mostly private.  ::)

Blockchain and Big banks ftw!