Bitcoin Forum

Actually people don’t know so much  about blockchain but they love and they have strong feeling for blockchain. People are infatuated on blockchain. People start their journey with blockchain that lead to bitcoin and day by day it earns a strong feeling on digital currency which help the people for earning money at any situation. Now this is much more excited in virtual currency and also popular like other national or international or local currency  without doubt is so much important and interrelated to blockchain world.

Yes bitcoin is very important in the blockchain world as the digital currency existed as a result of blockchain Technology. it actually serve as  a point of starting  for the bitcoin among the cryptocurrencies.

In general terms, Yes bitcoin is important in blockchain world where blockchain is large used ifor cryptocurrencies so all deposits and cash outs should be made by/with bitcoin. If all the branches in the economy continue the adoption of the blockchain technology than bitcoin will not keep its importance within few time. The blockchain world is more large than cryptocurrencies and this is what technology willing to reach.

Bitcoin is the reason that the blockchain is in existance, so yes (of course) Bitcoin is going to be something that is looked upon in the blockchain world. The main reason that people are more interested in the Blockchain rather then Bitcoin is that they're trying to make themselves money and provide transparency in the work that they do, this is the reason that a lot of people want banks to start using the blockchain.

So yes, it is very important.

Not only is it important it plays an integral and vital role in how beginners understand the industry. When I first got into Bitcoin it was because I knew about Bitcoin not because of altcoins, or because of cryptocurrency, or cryptography, or "mooning". None of those I knew about all I knew was Bitcoin existed and it seemed awesome and from there we gain and expand our knowledge about blockchains.

is very important I think because bitcoin is now quite famous in the world of blockchain and also bitcoin is the most valuable coins now, it would be strange if bitcoin no longer partake in the world crypto

I think Bitcoin stands as backbone of the whole crypto currency. So yeah it is very much important and the backbone is in terms of market capitalism. Whatever money drives into the crypto currency is all because of BTC or at least more or less via BTC to other alts. Major crypto enthusiasts always buy BTC first and then they go for buying the other crypto currencies. This is big thing for the rest of the community and that is how the market of BTC is growing. Whenever there is ICO projects or miscellaneous way of investing money then they are created first on ETH blockchain but later on the same coin or token is majorly traded for the BTC. So you see this is how BTC is important for the whole community.

very important,, a lot of people who know more about bitcoin than the blockchain. and I think bitcoin has made a blockchain is getting better.

Hey bitcoin is the crypto currency dude not a technology. You seems no knowledge to understand what is bitcoin and what is blockchain. So you please read about these in the Google search or the available information on Youtube and all.
Then only you will be able to understand the difference. In blockchain ledger first added crypto currency in bitcoin only and there is completely evolved around the blockchain bro.

Yes it is very useful in today's people life people love bitcoin very much like their own currencies it is due to the development of bitcoin's value in a short period and investing in bitcoin gives a good profits for their later use .

Bitcoin is make blockchain blockchain. people know about bitcoin  more than blockchain.

blockchain started from 1990’s and only known after 2010

Without bitcoin there likely is no blockchain at least not this version which we have now. The inception coin would have probably been something else then and the world would be completely altered. It is pretty funny that bitcoin started this whole thing yet noobs of late literally have zero knowledge about the whole industry and are trying to invest. Makes me feel like a savvy pro and that is not even kinda close to the truth lol.

I do not understand what you mean, but yes of course bitcoin plays an important role in the world of blockchain I think, because he is the first digital currency. so he has a lot of influence in the world of blockchain. for example if bitcoin price increases /decrease.of course will effect on other currencies.

Yeah, blockchain is the new technology behind the bitcoin. Bitcoin is the major invention on blockhain technology and that is why blockchain is so popular. And I don't see there is any new invention coming anytime soon build on blockchain technology that will be bigger than bitcoin or cryptocurrencies in general. 

 

It is indeed inportant in blockchain world, without a doubt bitcoin serves as the barometer in all cryptocurrency that is why every trading site has bitcoin in their exchanges and the fee for the blockchain is through bitcoin. Which means bitcoin really is essential in digital currency which is the counterpart of dollar in real world.

Blockchain is becoming a buzzword everyone uses. But I think that few know what "blockchain" means or comprehend its significance(including myself   :)).

The impression I get is: blockchain is a better mousetrap. The software design and implementation of blockchain as a banking system is cheaper and better in several different ways in comparison to traditional (and very old) banking systems which utilize ACH's (automated clearing houses). I'm not an expert or super knowledgeable on financial or banking systems, but that's the best I can come up with and I would very much like to see someone correct me or provide a better explanation for why blockchain could represent a next generation banking system.

Reasons for blockchain being significantly better could be its design shift towards trustless systems which cut down on the amount of manpower required to carry out an average number of transactions. In that sense, blockchain could sever middle men from the business plan similar to what amazon and to a lesser extent, walmart achieved.

Anyways, I wish someone would chime in here. This could be an interesting discussion/debate in the making, even on a superficial level.

  Bitcoins as blocks in the chain of the first COINS, meaning is very special, and occupies a very important role in the block chain, many people use the bitcoins price has been rising, many imitators have been chasing the footsteps of the currency, in a very long period of time, bitcoins industry status will not be shaken.

blockchain is the  reason why bitcoin still exist. blockchain technology now adopted and modified to make more fast transaction or used with other coins, thats why bitcoin cant leave blockchain, its my opinion

I think yes its important because its the basis of all blockchain projects from the beginning if in the future that new kind of blockchain technology will arise still bitcoin plays an important role in a blockchain ecosystem.

First we have to understand that blockchain is the underlying technology behind bitcoin. Without blockchain there wouldn't be bitcoin. So they are really related to one another. However, I don't know if people started their journey with blockchain initially, that lead them to bitcoin. From my own experience, I started with bitcoin and learn the technology behind it and learn to appreciate this lovely technology. And if you took a closer look at this technology, one of the industry that will really take advantage of it is the banking system. However, banks I'm not sure what going on behind the scene, because if this is really implemented, the current model of the banking system will changed a lot, like reducing its employees, because blockchain will greatly reduced paper work, impacting a lot of people working in the banking industry. And maybe this is one reason why banking industry is very slowly adopting blockchain.

Bitcoin has been the gateway why blockchain technology has been in existence so it would be important in blockchain. Due to the creation of bitcoin, people have been able to make other digital currencies base on its technology which is a big help for the people and will have a big impact on the technology nowadays. Maybe one day, if ever bitcoin loses its value, blockchain would still be used and people would always remember the coin behind the blockchain technology and be glad that it was created.

Today we all know blockchain technology is due to bitcoin. Reason of this technology got so much promoted in the world to layman was when the btc prices started to rise and crossed 10k or so. Thus removing the btc itself would be like removing this technology though now we have huge list of other coins being build on this technology.

The blockchain is already invented before Bitcoin released, 1991 to be exact. Then at 2008, Satoshi popularized Bitcoin using Blockchain technology. But yeah Blockchain will not be popular if it isn't because of Bitcoin.

Of course yes! The transaction cannot be processed and recorded without blockchain. There is no called mining without blockchain. That's why blockchain is needed and important in bitcoin.

Yes, Bitcoin is the reason people know blockchain, and Bitcoin is the first most successful coin using blockchain technology, so it can be say that blockchain technology is introduce because of Bitcoin and after Bitcoin successful, blockchain being implemented in a lot of alt coins

Yeah, most people in the crypto space today got a hint of bitcoin first and gradually got to know all about the blockchain technology being the base for bitcoin before they even start getting a hint of other cryptocurrencies. The role of bitcoin in the blockchain world is highly important and this is a role that would keep being in relevance for the rest of the crypto space life.

Bitcoin is highly important. The first cryptocurrency that the blockchain technology gave birth to was bitcoin and that is what totally make bitcoin different and why other coins are totally classified as altcoins and that is what they will always be, no matter how the bankers try to push a centralized bullshit up if you know what I am saying. Bitcoin serves as the main one that other coins just decided to build on.

In my opinion, bitcoin is important in the blockchain world because it is the entry why the blockchain  technology has been in creation thus it is considered to be significant. Since bitcoin is the most popular with a very high currency value, blockchain will be able to offer its platform in the world using the new technology to build a good financial system.

If we’re talking about blockchain technology it’s always come up with the idea of decentralized transaction and in order to have decentralized transaction blockchain needs a currency to transact between to people without the use of third party to process their transaction anonymously. It’s related to each other without the invention of each of every one of them I think it’s will not popular and in demand nowadays. Bitcoin needs the blockchain technology and blockchain technology needs bitcoin so each of them are important and have their own roles in today’s blockchain era.

It is very important in blockchain world because it plays a big role in the network world. We cannot see an actual money on it but this might not a joke to everyone because we hear stories about the number one factors of their success in bitcoin because they invested it too much and they can see a good result of it. However self-discipline and integrity is just a few examples to become successful in bitcoin because it is already existing. Eventhough others see this as a risk but you have a choice.

Yes it is!  Bitcoin is important in blockchain world because it needs a blockchain technology inorder to transac money between two or more person secretly. Blockchain plays a vital role in the world of cryptocurrency and bitcoin is the soul of all cryto's.

Well people only have strong feeling for blockchain though not bitcoin since most use bitcoin merely for SPECULATION PURPOSES. Although that is the case, bitcoin will forever be relevant in the blockchain world because it is the first to use blockchain tech and implement it. No matter what coin pops out, even if it is dethroned, it will be important and will be written in the history as the pioneer of cryptocurrencies and blockchain.

Yes. it is very important in the blockchain world. And i think this two are signifiant for the successful crypto world.

Bitcoin does have an important role on a blockchain technology or in the system of transaction on the blockchain because we could notice that Bitcoin also serve as a universal currency in the world of cryptocurreny where most of crypto  currency depends its price on the current price on Bitcoin just like how fiat system mostly depends on the price or value of dollar. So every transaction on the blockchain has an alignment on the movement on the stock of Bitcoin where such development and progress could have.

Booth bitcoin or altcoin have a big role in the block chain market because without this coins there is no marketing done between bitcoin and the block chain,and theres no transaction  happen in the exchange market if bitcoin is  not grow  in the digital currency.blockchain is a passage way of all transaction neither mining,trading etc. bitcoin and block chain always be partner together in the world of digital currency.

Bitcoin has been the portal why blockchain innovation has been in presence so it would be essential in blockchain. Because of the production of bitcoin, individuals have possessed the capacity to influence other computerized monetary forms to base on its innovation which is a major help for the general population and will bigly affect the innovation these days. Possibly one day, if at any point bitcoin loses its esteem, blockchain would in any case be utilized and individuals would recall forget the coin behind the blockchain innovation and be happy that it was made.

I think  blockchain had been around before Bitcoin was created.  The only thing that Bitcoin differs is being decentralized.  Being the first mover to decentralized blockchain, Bitcoin had been a model to other blockchain based decentralized digital currency.  Bitcoin, being seen to be adopted by many people, others developer look at it as role model thus making their blockchain creation to follow the path of decentralization just like bitcoin.  Aside from that being the first one to be the decentralized blockchain, the following coins have seen the pros and cons of the structure of bitcoin and create a blockchain that will tackle or address the flaws of Bitcoin and fix it in the new coin.

We have no doubt in bitcoin is the most important in blockchain world. It is becoming stronger the performace until now and also the more users the demand increasing. Yes it is one of the rule of this technology that serve as payment system.

It is true that bitcoin has pioneered the popularity of blockchain and it has boosted the people's interest in cryptocurrency which gives the people the financial freedom and the control for their wealth. Once the government and other corporations have realized the true value and proper utilization of blockchain technology, bitcoin and the other coins that are useful could possibly increase its value over time.

Yes off course bitcoin is important in block chain. Recently it is very important. Block chain is generally used for cryptocurrencies and bitcoin holds the king place in cryptocurrencies. But if the all the sectors of economy are starting to adoption of block chain technology in a serious rate, The bitcoin will certainly loose some of its importance. But who knows! Even this happen, Bitcoin might be important till the end.

Blockchain is the base of bitcoin, it's a very important platform which led to to the growth of btc and with time it has helped with the growth of altcoins too, it will grow and become a very crucial part of the future digital markets.

Blockhain technology will have a profound, transformative effect on society so it is only natural some people have fallen in love with it. Not to mention all of those people who fell in love with it because of how rich it made them.

Yes it does, bitcoin is important in blockchain world. In a way that blockchain is the base of bitcoin, so it's a very important platform that can led to to the growth of bitcoin and at the same time it has helped also the growth of altcoins too and become a very crucial part of the future digital markets. And furthermore blockchain is generally used for cryptocurrencies and bitcoin holds the king place in cryptocurrencies.

Yes It is very important that bitcoin is the root for blockchain world.Without crptocoin like bitcoin there is no also a blockchain.Cryptocurrency is started by bitcoin and when it boom and utilized that's the thing which the blockchain are exist. And this two was considered as a high profound that always be together and never be separated.

Ofcourse bitcoin is important in blockchain world. And i think. Not only bitcoin is important in blockchain world but all altcoins are are important. They have their own purpose in the blockchain world. So that the bloclchain will become successful.

Hate this blockchain and btcs system. they are unreliable and volatile much

Bitcoin is a success factor on the blockchain technology, and important thing is that blockchain technology gained importance through bitcoin. Another thing, blockchain is getting implemented on different levels of usage starting from service related to industrial development. This is proven to be more effective marking it the best.

That's because bitcoin is a great blockchain that has shaped the cryptocurrency market today. Bitcoins really have a huge impact on the entire cryptocurrency market and so most other altcoins are priced in bitcoin satoshi. There will be more and more new altcoins created, but I'm sure no altcoin will replace the bitcoin in the cryptocurrency market.

Bitcoin was actually designed for businesses, blockchain and fast transparent transactions overseas. So, it's still possible to use bitcoin for its initial purpose. Of course, it was "misused" by those who make profit in trading and speculation, but it started a new era.

I don't think btcs are too important for blockchain survival as their are different other altcoins

Yea beyond doubt there may be ripple and other famous altcoins but nothing could ever replace btcs in their worth

The blockchain is going to be used everywhere what we do not know is if bitcoin is going to be used everywhere, banks want to use the blockchain and many other businesses as well but they refuse to use bitcoin because they do not want to deal with a coin in which people are their own banks, can you imagine a world like that? The banks will go bankrupt so they cannot allow that they had been in power for so long that even a transformative technology like bitcoin is going to have troubles beating them.

The people who are found of blockchain technology are big corporate and government organization who understand how much they can save resources with the help of blockchain ,you have to see these two as two different objects in that context,but bitcoin is the true coin and no other coin can replace it just like that. :P

I did not understand what you mean by misuse ,bitcoin is meant for trading and if you want to make some money with it,so be it ,what is wrong in it,i am not going to take the coin to my grave to be sentimental with it,it is a great technology and we are making use of it,bitcoin is designed for the people and not for any other particular business.

Blockchain is very important because bitcoin without it. Maybe people will not be interested in bitcoin. blockchain technology serves to record transaction data. Transaction records are incorporated in multiple interconnected and secure blocks. With blockchain have no doubt investing in them

  Blockchain is invented for bitcoin , because of this invention, it makes bitcoin the first digital currency to make transactions without the need of people or central server.Bitcoin plays a vital rule in blockchain because it's design give inspiration to others platform blockchain technology.       

Even I don't know about blockchain much as I am a newbie.

Many people due to infatuation towards btcs join blockchain system. Without btcs there is no importance for blockchain

I think bitcoin is very much important in blockchain because i think blockchain existed because of bitcoin. This was existed to help bitcoin to transact, but if you come to think of it other coins are also being transact through the use of blockchain because these coins were exchange by bitcoins.

Bitcoin works because it combines the Blockchain with numerous other core technologies (i.e. Cryptographic Signatures, Open Source code, Neutrality of consensus via protocol, incentive-based participation etc.) to create an entirely immutable, trust-inherent community based platform. That is what makes it’s Blockchain so powerful.

There are so many happenings in the world and still we lack most of the crowd in the blockchain that should get going in virtual currency. Though we see tremendous number of crypto users still it is not much more if we look at the world population here. The crypto currency has been here since decade now but the out reach is still not that much. The decade period is really huge my mate, and it only tells me one thing that crypto currencies are popular but people still ambiguous about its use and investing into it. Is it nation and international? Yes, it is but as I said its not getting into deep heart yet.

Every crypto-currency transaction is monitored in a board network connected with numerous computer spread around the world.This board network is called the Blockchain.This Blockchain technology can be used to purchase bonds, stock and other financial resources, including general transactions.And for all these things,Btc is the best.

right on this mate,blockchain is nothing if bitcoin doesn't exist,bitcoin is the reason why satoshi nakamoto created block chain.thats why I believe in bitcoins importance to the blockhain and the whole cryptocurrency.but ofcourse the main reason why we are all here is because of one thing,its PROFITEERING we can earn better this..lol

IMHO anyone starting a thread of discussion titled like this OP should be denied the right to open any other thread here EVER. And, this, for several good reasons.

Even now, many people do not know what blockchain is. For many, there is no difference between blockchain and bitcoin. I do not see much development of blockchain-based technologies now. Everybody talks about it but very few do. Perhaps talk about the development of new technologies based on blockchain is an attempt to attract attention to their products due to the popular theme.

ya...important but not most important

Of course. Bitcoin is the child of of blockchain technology which made the technology very popular. Vitalik Buterin learnt about blockchain technology through bitcoin in the beginning. And now with the introduction of lightning layer in Bitcoin, it has the possibility to go very high ahead.

Of course, Bitcoin is Important in the blockchain world.Bitcoin is the reason where Blockchain world remains For the Only bitcoin.Bitcoin Introduce The blockchain Technology in the world.Digital cryptocurrency and the blockchain technology creates for providing a good opportunity for people and gives the best Transaction System.Bitcoin creates the main model and Roleplay in the crypto world.