Bitcoin Forum

Personal computers were invented in 70s and Internet in 90s. Can we put blockchains to the list of the greatest innovation of Technology which was innovated in recent years? What do you think?

If my opinion will be credited I will vote for the inclusion of blockchain technology as a great innovation. It will not only serve the financial sector but to government transactions and other sectors as well. But even without my vote soon blockchain technology will be included in that list. But this technology deserves the best since it is the best.

True,blockchain technology is considered as a great innovation and invention since we are on fast pace evolving technology era then this thing does really give a big change regarding on transactions and this is the best thing for me and most people who are using it.This is why bitcoin considered a a great innovation because of this technology.

We cannot put it on that list by ourselves, only those managing these lists can decide whether Bitcoin should be there or not. What makes it a great innovation is that it is known it was only one person that created it, and the features it has and the way it works.. makes it seem impossible to be created by a man. Nobody knows if it was a person or a group, a man, men, a woman, women or even a mixed group. Who created it is/are genius for sure.

Well of course your opinion will be credited my friend. Thank you for your comment.

Yes. You can consider blockchain as the greatest innovation on technology. Not just technology but also innovation on currency.
Blockchain will change the world. It can be really useful if other country adapt this technology. This is the blockchain era and thanks to those who contribute to make this kind of technology.

Indeed it is a great innovation at this time, blockchain is not a joke. They exert much effort for this that we should thank for as a user of bitcoin. So, strongly agree that blockchain should line up with one of the greatest innovation in the world.
Maybe we have to vote and push on for this  so it could recognized in the world.

Blockchain is the backbone of Digital Currency Bitcoin. So this is the New invention which will change the financial nature of the world. There will be complete different world with no physical cash and only digital cash.

Blockchain surly can be added in the list of the greatest innovation of recent years. I can't remind anything else that would be same great as Blockchain and bitcoin.

Thank you for your comment

I think the history will remember that the blockchain is the trust in the network without the need of a middleman or third party involved. The blockchain will be applied in many industries like banking, healthcare, insurance and many other that I am not aware of.

Overall is a very great innovation.

I think yes we can put blockchain as 3rd great innovation but it will be too quick to say it right now. We have to wait till blockchain & decentralization become essential tech/phenomenon behind most of our daily life services.

No, because blockchains as you describing it, are just databases. Invention is BITCOIN not blockchain.
Bitcoin is true revolution solving byzantine problem and first time ever allowing to true, distributed currency without central point of authority to exist in this world.

So you vote for Bitcoin.

I won't count blockchain among the greatest innivation, so far there is no large scale use of the tech. we are just hoping it will hit the real world use. Blockchain cannot be considered to have affected the world the way Electricity, Aircraft, Internet, Computer etc. have changed the world positively may be in future it will but not presently

Well, I agree with this. Blockchain is a great book that can be accessed by the public. Blockchain shows all the data transactions that have occurred in the Bitcoin network. You can visit the site to facilitate your blockchain monitor what's happening in the blockchain. So, I think a more appropriate and feasible to predicate it is Bitcoin.

I think that the blockchain technology can definitely have a lot of impact on the financial sector and add an additional layer of security to some of the trading systems we have now, but beyond that it just looks like a more expensive form of the same systems we have today.

While vastly applicable for commodity trading, it lacks a lot of the efficiency conventional systems today provide.

blockchains have been around alot longer then people think. but how satoshi utilised it made it innovative.

kind of like wheels have been around thousands of years. but how the first combustion engine maker utilised it made vehicles revolutionary(as the wheels and round turning cogs/gears concept inside engine)

so although (when you peal off all the add-on features satoshi patched together PoW, hashing, transaction cryptography, etc..) the blockchain concept is very simple and not revolutionary (data linked to other data(blocks of data chained to other blocks)).. blockchain does open up a new direction of possibilities.

so is blockchain innovation yes
so is blockchain revolutionary no

so is bitcoin innovation yes
so is bitcoin revolutionary yes

Yes, I think Andreas coined the phrase "The Internet of Money" for this technology. I do not know of any Fintech innovation in the last

couple of years that made such a impact on the financial world, like Bitcoin or the Blockchain did. Bitcoin was the spark that ignited the

innovation for other technologies. Bitcoin is also the technology behind 1000's of Alt coins that are being developed now.  ;)

That's true, we should wait until it proves itself. The Internet wasn't on the list in the 70s and 80s, when it was still used only by scientist and large corporations, and how many people use blockchain? Not even 1% of the population. To compare think how many people are using a fork or a spoon or a microwave? Also, like others have said, blockchain is only a tool for Bitcoin. Bitcoin is the one that deserves a place on that list.

Well there is no doubt blockchain is good but to say it's the best is a understatement. It's yet taking steps to glory. In few years it shall make its name in the history books. Though I wouldnt mind it if it's given in place in too. It's the best thing that has happened to humans, and it will be interesting to see the updates it will have in future. Maybe 2017 maybe the year when it will take up let's hope for the best.

Great comparison

Yes I think Bitcoin and also Blockchain in some certain ways, decentralized and immutable, are the next big move in the digital age.
Satoshi created something incredible which generations after us will use and can read about it's beginnings in the history books of technology and digital science. And I'm glad to be a part of this wonderful invention as an early adopter and user.

With a few knowledge of its history, i think its a greatest innovation on how they create and started it.It is quite inspiring that for now it gives a total package of changing the world on how to use digital currency.As it continues mostly are using bitcoins already ,i think this great innovation will take as far as it was now.

i agree that bitcoin and the technology it introduces to all of us has been a great thing. it is obvious because so many people, a lot of big financial groups, ... has been showing great interest in the blockchain technology. but things like these are never recognized as big in their early stages. it takes time before everybody realizes their potential, do lots of test runs and then in 10 years from now everybody say yeah it is a big deal.

Blockchain can surely be added to the list. It seems a worthy innovation which is gonna change the world in terms of technology. Now more and more firms have started to function on their own Blockchain which itself confirms it an innovation of all time.

No, not yet.
There is more to go
or much to go..
Because Bitcoin is a new invention now.
It has not spread the world yet.
Your country may know or use bitcoin in many ways with blockchain.
but you have to think about the whole world
not only your country.
It has to be as popular as facebook
for a great invention.
So think around the world.

Yet Blockchain is a great innovation..

blockchain is a smart innovation in my opinion. previously people did not consider it important. but in fact at this time that blockchain is an innovation that is severe and can not be removed from bitcoin's success to date. we should learn from how blockchain can be created.

Digital age has got existed in certain parts of every country, with everything completely digitized. The same need to grown in the currency network too. Over the past card system made a great change in the banking which has been liked much by the people. Now an alternative has come in the form of bitcoin as well trying hard get the attention of all class of people and go mainstream.

Blockchain is indeed a great innovation, but what I don't like is how some are trying to make it seem like that is the only good thing of bitcoin and they try to only take that part out of it, bitcoin in itself is even greater than the blockchain in my opinion but they don't want to recognize it out of fear.

Bitcoin and blockchain technology is a great financial innovation but to state as greatest innovation in 20s, bitcoin does not have a considerable contribution for people in worldwide.
I mean, it doesn't reach and affected everyone's life as much as computer or internet.

The rate of money flowing into blockchain tells the whole story.

I think blockchain is a great innovation now people are finding more and more usage of it. From payment system, stock trading to housing market, basically anything with a contract can be done with blockchain which is more secure and tamper-proof.

Digital, virtual, blockchain, internet, gaming, all are leafs on the computer innovation tree and that wouldn't be possible if wasn't for TV and no TV without electricity etc, it goes all the way down and comes back up again just like a circle or chain, so actually blockchain represents the whole universe if you think of it that way.

I think , No.
because this system of blockchain was not a big things , at the time when it launch , because this technology was already developed , but to make big big profits the developer made third party like dealing system , which is known as bank , which holds our fiat money .
So it would be better if we things about its features that are going to day by day improving , which was earlier not fixed .

I think Bitcoin (public cryptographic blockchain) is the greatest innovation in the history of mankind.

The internet is really nothing compared to this.


Inflation was the sole reason why all wars have happened. The kings issued silver coins, and then lowered the composition of silver in them, to fund the wars.


Inflation = War.


Bitcoin = Peace.


Bitcoin will stop all wars.

Yes, bitcoin is the greatest invention in the history of mankind!

It is possible that it can be considered a great contribution in the field of digital technologies and economics, and that is why it came to think of the possibility  of nominating Satoshi Nakamoto to the Nobel prize in economics, but I am not so sure that this invention may be at the level of PCs and Internet.

I would certainly put the Blockchin on such a list. It is a revolutionary innovation that has and still will continue to change transactions forever.

Many experts already consider blockchain technologies as one of the key innovations in existence, and that makes sense if we realize the impacts that this can bring on the economy and the way people see money. But this kind of awareness is not something that happens overnight, certainly Bitcoin will need a lot of promotion to gain more space in people's lives.

I think this too. Blockchain brought many innovations to make people's lifes easier, I think this can be considered a great advance in the humanity society without doubts, like computers and internet, as OP said.
But I don't think bitcoin needs only marketing and promotions to become the success all people here wants. Upgrades in blockchain are necessary too, very important...

Hindsight is always 20/20.  When computers and the Internet were first coming out, it was considered to be sort of a nerds toy that wasn't fully appreciated as time continued.  Same thing will probably end up happening with the blockchain.  We are at a forefront of a pretty cool experiment that can have a major significance going forward or could be just chalked up to be nothing of importance like eGold. Only time will tell.

that is right, but probably we can do something or give suggestion to those who manage the list or anything.

however, no doubt that blockchain is a great innovation in this era. this thing has changed some people's lifes, change a little bit economy, and become a troubleshooter in a particular thing.

with the blockchain as new innovation in technology and internet, i think for future, if mass adoption is happen, many people especially government will realize that blockchain can gives benefit to the economy in the country beside that, bitcoin will be growth in number of user.

If I am not mistaken except two members of the forum had answered in this thread the most gave their vote first to blockchain technology and some were in dilemma so they were neutral between blockchain and bitcoin. So I would like to ask. Without the bitcoin who had give attention to blockchain except some enthusiasts or very creative and inspired people? I am fairly confident  even though I don't ignore the obvious benefits of blockchain that bitcoin is the greatest innovation between them. If you have time drop an eye here http://bankinnovation.net/2015/05/think-the-blockchain-is-interesting-but-bitcoin-isnt-think-again/

I think it should be Bitcoin and not blockchain as it was said in the early posts, blockchain were around longer than we know, but it is the invention or creation of Bitcoin that make it so innovative influencing and forcing financial institution to look into blockchain technology and innovation used by bitcoin.  Bitcoin also shaping the online finance system on its own way. 

After the invention of the internet, one can say that blockchain technology is the most revolutionary innovation of recent years. It's not just me saying that, but these are also the words of many experts studying different technologies, and their impact on the economy and society.

I don't think Bitcoin is greatest innovation of Technology, i agree if you said innovation of Technology not using 'greatest' word.  :D

You are exaggerating, bitcoin could hinder the ability of politicians to wage war for as long as they want but only if government accepted bitcoin as their official currency, and that is not going to happen besides even if they did they could always crate a new currency and then print it to pay for their wars.

bitcoin is just code.
but its how PEOPLE treat it and use it that changes things.

bitcoin does not have a voice to tell someone to not pull the trigger.
bitcoin does not have a hand to take a gun from someones grasp

its PEOPLE that can stop wars. but right now PEOPLE like blockstream are trying to start another economic civil war, by commercialising bitcoin.

bitcoin was suppose to be the financial system with no barriers of entry. but blockstreams motives have caused things like fee wars. and now atleast a dozen developing countries that would benefit most from bitcoin cant/wont use bitcoin due to fee's being more than an hours wage.

and dont blame it on data issues.. blockstream are happy with 4mb of data per block. but dont want it to be 4x transaction capacity to equal 4mb of data. they are pretending to give a one time gesture of 2x capacity. but as fast as people adopt the new keys when it activates. they will take away this boost by adding in extra bytes of data which bloat the data but decrease the tx count back to what we get now.

EG a 360byte 2in 2out tx,  will become 1.370kb tx for the same 2in 2out. once you add the bloat of confidential payments, csv cltv and other features blockstream want.

so while they bloat up the data onchain without offering much in the way of real transaction scaling they will push people into LN commercial service hubs to rule bitcoin users lives.
only ever increasing the onchain block capacity as a gesture to allow the commercial LN settlements to settle without a bottleneck..
yes its already been thought about talked about and conceived as their ideal plan for the future. keep bitcoin held back until the commercial services needs the utility of onchain scaling..

bitcoins ethos is being eroded by PEOPLE who want control and to be at the "core" of bitcoin they even said so by naming their brand as such.

so while ethical people sit on their hands and trust bitcoin (voiceless handless code) will save the planet.. corporations with banker investment are corrupting the people that have their hands and voices of bitcoin

To buttress this, Internet is the greatest innovation of the last century. Most especially when blockchain technology is mentioned alon with it, no internet no blockchain technology

I agree with you , Internet has been the pioneer of the global village we all talk about, it's brought about everything in its time and made life really simple. Imagine what we would have done by now if we couldn't do business while airborne. It's Internet any day!!!!  Look at how video calls has improved family Cohesion. There's no doubt Internet is a bar ahead of all.

Indeed. After revolution of connected computers, bitcoin must be the greatest innovation. Yes, not just blockchain, it was coded to have decentralization characteristics in my understanding. Moreover, I like to compare bitcoin to inventions like fire and wheel, a concept changer.

A private money is an unimaginable revolution. Bitcoin is going to change how so far the world is transacting. The greatest innovation of 21st century imho.

For me this sounds as an evidence ! Even though the blockchain technology needs the personal computers to work, as the Internet, I think it will have a greater positive impact on people's lives. This is a revolution, as at same way as the French Revolution or the October Revolution, this is a revolution from the people, in order to free them from a greater power, supposed or real, that would have been oppressing them. Here that would be the recent bank's attitude to be hostile to privacy, while in some way computers led to the global mass watch from the governments. For this reason this is for me the greatest one.

I'm not sure if I would agree with that, at least not when you know that Bitcoin hasn't really risen to it's full potential.
Over the next couple of years it's possible that it could be replaced by an alternate crypto-currency.

The blockchain is the foundation on which Bitcoin is built, so I don't see how Bitcoin could be greater than the blockchain? In some sense, Bitcoin IS the blockchain.