Bitcoin Forum

I came across a website which introduced a new distributed ledger theory than blockchain named Hashgraph. I couldn't make much of the article because I did not understand it. But I do think this could have massive effects on bitcoin and other altcoins if this comes into use.
Check the article here: . https://perc360.com/step-aside-blockchain-hashgraph-taking-over/   (http://. https://perc360.com/step-aside-blockchain-hashgraph-taking-over/) and let me know what you think.

Not sure if shilling, or this is genuine concern LOL.

There are about 32 of these any given day. Why would this one coin, which has infinitely less trust than bitcoin (or even 42 coin for that matter heh) completely disrupt an already disruptive technology; what innovation can really be provided be provided to improve on as simple of a concept as a distributed ledger?

And even if this did provide some novel innovation that hasnt been addressed yet, again how long and hard would it take for adoption to reach the levels that we have achieved with bitcoin? This isnt really that great of an adoption rate; if this coin will represent a fraction of that, good luck ;)

I saw someone also sharing that on social media. I haven't read the whole thing yet and this is the link that they've shared https://squawker.org/technology/blockchain-just-became-obsolete-the-future-is-hashgraph/

So for reading some information about it, that will be 50,000 times faster. And why not give it a try to learn this thing and it's good to be one of it's first adopter.

But I doubt that it will kill blockchain technology and bitcoin, I'll comment about my thought about this hashgraph after reading some articles about it.

Lol, part of what makes Bitcoin valuable is the PoW algorithm. It actually costs something (quite alot of somethings) to create a Bitcoin. That cost to the miner is what ensures he won't sell it on the market below what he paid for it and is a good way of determining that it has value. If you take away PoW, you take away the cost basis of the currency.

Ethereum's Casper protocol is quite interesting and we'll see how it plays out where expensive mining equipment isn't required anymore - just buy in to the system.

But if that is the only innovation here - then Ethereum and Neo already have it beat.

Just read this article also and got interested with swirlds  (http://www.swirlds.com/) Programming language to play with. Well, if this new innovation, I think it will take years for its rapid adaptation. Bitcoin is already quite popular and people will not abandoned it that easy.

Googled it, any website regarding hashgraph was inaccessible to me, first lol. hashgraph is patented but Bitcoin is not, though they are trying to register it as their own. second lol. I stopped my search after google returned "hashgraph ICO". third lol. if people could mine Bitcoin every 10 minutes by using 100 watts electricity, Bitcoin price would have been $0.01. it's not about transaction per second, we have already blockchains doing 1000 per second. Bitcoin is the first decentralized cryptocurrency and it doesn't use "gossip". we don't gossip here, we just mine Bitcoin to jump girls later. fourth lol.

Sounds like shilling to me, this site is already down and the account that the person posted from is new. So I'm not going to think it's anything but shilling / flaming on the boards to try to gain some attention.

But back onto the point, Bitcoin can end -- but the Blockchain will live in as the technology is what Governments and Banks may and will probably end up using for certain things. As they're not going to reliquish their power to Bitcoin, but they will use the Blockchain as it won't hurt them (depending on the way they use it of course)

NO.

the link is dead OP. and besides by the previous replies over this topic I have concluded that this Hashgraph is going to be a crappy ICO just like the others.

As he said don't believe in gossip so easily or it may lose  some money because of it.

If you start by saying you will take over something established, you can't be taken seriously. Do your thing, grow it some, prove its worth, then we'll talk.

It's like someone with an idea of a new operating system saying Bill Gates "step aside", everyone in the room will have a good laugh !

Wait....

So that's why that hot blonde girl was smiling at me the day I wore a Bitcoin t-shirt?

Darn I am stupider than stupid....

There can be various innovation in financial digital sector but even if there is a technology much better than blockchain and bitcoin it cannot erase and put the latter out of existence. Such as the fiat currency it will continue to exist even with cryptocurrency is already trending nowadays. It is not a matter of how advanced a technology is but it is a matter of trust and confidence that people dwell in such currency.

Exactly, perfectly, 100% wrong.

What Satoshi taught us was peer to peer economic transactions in a completely TRUSTLESS manner.

In my opinion, new innovations do not mean it is the end of another... bitcoins will stay here at least for the next century. Anyway, blockchain is beginning to attract more business usage nowadays, so I don't think it's going to end soon. 

I think it cannot affect bitcoin even a blockchain era. Look now bitcoin is still rising it almost 6,000 USD. And how the newcomers take over a stable crypto in digital world. The fact they lunch new blockchain to avoid fluctuation of any coin. Once hashgraph lunch we will see what will be happen. Yes they offer a good platform but it necessarily bitcoin will erase of it and even the blockchain era.

Thanks for the link mate, looks impressive.

Yes, many will not just simply abandon bitcoin though there will be a lot of new tech's that will come out lately. A lot of people have invested big money to bitcoin including me, that's why there will be no end for bitcoin nor blockchain.

And another thing that many tech companies now are try to do start ups with blockchain.

Big no, bitcoin will never end and i think it will not affect anything look now bitcoin still rising even it almost 90.000.000 idr.

thanks for sharing this. i am not an expert at all but i always find these new innovations very interesting to read.

we already know that blockchain technology is pretty cool and it offers a lot but it is not perfect. and just like any other technology there is always room for more innovation and improvement.
this was pretty interesting but it is not the first that plans on ending blockchain or bitcoin era. it will take a long time before something can do it for real though.

reading more about Hashgraph i am reminded of DAG. https://en.wikipedia.org/wiki/Directed_acyclic_graph
there are a couple of altcoins that are using DAG and the bitcoin era is not yet ended ;)

I'm not a pro, however it's clearly that you can‘t kill bitcoin if your weapon based on bitcoin basic principles :-\

There were always new improvement.
With new era of another technology doesn't mean will killing others one.
These could how we people nowadays looking for better suitable systems for future.

I'm not sure what information you got that made you so scared. There is absolutely nothing stopping the Blockchain and Bitcoin era now. There is too much accumulated hash power and more and more good actors joining the network to make it better.

There were plenty of altcoins out there offering better platform, services and advance technology but nothing beats the uprising Bitcoin over the Blockchain due to its Mass Adoption! :)

Link that you shared doesn't work now.
So probably it's just a rumors.

I don’t think so that this is the end of bitcoin or blockchain. It is the start of both these because many people still do not know anything about bitcoin. The awaarness about bitcoin and the place where to keep them is now prevailing in the world ans soon all the people will use bitcoin and bitcoin blockchain wallet for their daily use and transaction. It is beyod sense that these both are going to end.

I read this a few days ago, and it made me laugh as fuck, even if a futuristic coin that can make you teleport to the future is released, it would not be best than bitcoin because it has always been the best cryptocurrency, and of course, the first one. It is like saying that Copper is going to be better than Gold in some years because it is more easy to find.
Just think about, and they all are saying lies about bitcoin and their network, i dont trust in them at all.

No i am sure nothing will happened like this and bitcoin will not goes to its end because we all know that bitcoin is a decentralized cryptocurrency means only one thing that bitcoin will not end and nothing can effect bitcoin and value of bitcoin this is the property I like the most in bitcoin.

Bitcoin will not end and I am sure about this fact that bitcoin will not die and will not affected because bitcoin have a unique property which make bitcoin more important in this life and this is bitcoin is a decentralized cryptocurrency means that bitcoin will not goes to its end and will not die but it will grow more and more.

I don't know about this. I read the article you linked and it just seemed like a giant advertisment to me. If the team behind it really does want to make the blockchain obsolete, then they should show off some practical applications instead of hyping it up through adverts.

This definitely cannot kill Bitcoin either. People aren't staying with Bitcoin because it's built on the blockchain technology. If people actually cared about the technical stuff, they'd move on to altcoins with better technology behind them. Bitcoin is valuable, and it does not seem like anything can change that anytime soon.

Why would Bitcoin die because some good technology rises? Will bitcoin just be thrown because a better technology have risen is a very wrong speculation and hypothesis. Bitcoin has a lot of supporters same way with Blockchain, rising oh hashgraph doesn't mean the death of Bitcoin. Acknowledgement of this new technology is not bad but by posting speculating with the connection of the death of Bitcoin and Hashgraph is purely wrong.

I do not believe that this is the end of bitcoin or blockchain. It is the start of both these because many people still do not know anything about bitcoin. The awareness about bitcoin and the place where to keep them is now prevailing in the world and soon all the people will use bitcoin and bitcoinblockchain wallet for their daily use and transaction. It is out of sense that these both are going to finish.

just trying to understand what OP's intention about this, but its seems that another speculations that bring the value into another hype bitcoin already been treated like this before and its continuously rising and never been take down, maybe there's a chance that another project will grow and start to gather attention but for sure investors and traders will always eyeing for bitcoin.

Hashgraph or whatever it is called wont be the end of bitcoins. Nice headline though, I just wasted five minutes of my life reading through the link you posted. There is absolutely no substance to these claims.

Maybe you Just came across to other Idea of earning Money through The Internet Without knowing The Real capacity of bitcoin. Bitcoin Has Proven a lot of Trust in many People who had really engaged to The world of crypto currency and there are so many rumors that bitcoin will end blah blah blah, but now, shame to those naysayers. From time to time Bitcoin becomes more Stronger and Hard to be taken down. Do some Research about what Bitcoin did, before Jumping into other Theory.

Well first of all, blockchain era is just starting to take off. I don't think may will take even a second look at this hashgraph yet so it isn't really a threat.

So what does that tell you about the technology if "Hashgraph" is patented? What it tells me is this --> The Patent holder

can decide who can use their technology, unlike Bitcoin that are OpenSource and Public domain. So if the Patent holder

decides people has to pay him royalties to use his technology, nobody can stop him.. they will just have to pay. You have to

be crazy to chose this technology over Bitcoin.  :o

There is no end of blockchain. There are some people who try to beat the blockchain original technology and offer more advantages than bitcoin but I dont think they can be better. The original and the main thing is always better.
That is how people are. They always try to copy a thing and hope to be better than the original. Sometimes they succeed but most of times they fail.