Bitcoin Forum

Blockchain is a good technology which will find many uses.

Cryptocurrencies are just products made using the blockchain technology - products that is failing to get any kind of meaningful traction after the bubble burst

Cryptos need blockchain (they are build from the blockchain)

Blockchain does not need crypto at all. More and more companies are developing and using blockchain solutions which do NOT involve any cryptocurrencies at all.


Fools who believe the blockchain means that cryptos will also succeed are mistaken. They often point to the internet development, but completely misunderstand it. The internet was a good technology with many applications - but many of the products put on the internet during the dot-com bubble also completely collapsed because there was no meaningful business behind it. The strong ones - like for example Amazon - had solid business ideas based on normal people's needs and behaviours.

Cryptos clearly do not match needs and behaviours, and will therefore fail just like the more idiotic things that were put on the internet in the 90's.

The internet of course survived and so will blockchain.

Cryptos will die like many early failed ideas on the internet.

Blockchain does not need crypto - the statement is true, but the future economy needs crypto and obviously, without scams and fake ICos.

No. the future world needs blockchain - and they are already emerging without the use of cryptos. There is no need for crypto.

You are making up lies.

The solutions are indeed very real:

https://www.freightwaves.com/news/blockchain/blockchain-without-cryptocurrencies

https://www.ibm.com/blogs/blockchain/2018/03/blockchain-explained-why-its-not-just-about-bitcoin/

http://www.cma-cgm.com/news/2301/top-ocean-carriers-and-terminal-operators-initiate-blockchain-consortium

https://www.bita.studio/

I don't agree that future economy needs cryptos. Why would it need cryptos? Cryptos are the newest way how the money circulates in the current economy and the market, but they are only the mean that is used. Money will always be there, whether it's a dollar, gold or BTC or something new in the future. We do not need cryptos to keep it circulating. Blockchain on the other hand shows us a new brighter future how information is transferred and it is already being used in other industries. Blockchain will be used as a tool even if coins die.

Comparing crypto and Blockchain is like comparing apples with oranges

Bitcoin is the digital token, and blockchain is the ledger that keeps track of who owns the digital tokens.
Blockchain has a better future than cryptos because crypto is a part of Blockchain
The difference is the same which is there between bank databases, money and dollar.
 
consider.

Bitcoin is Dollar
Cryptocurrency is Money
Blockchain as Bank Database

You buy and sell using dollars. What it actually is to you is money. Each of your transaction is stored in a bank database.
Many Industries have already started using Blockchain to keep a track of all thier records. while many countries are still not sure about crypto currency hence manybe crypto will die and Blockchain will survive.

to our common joy, the blockchain has already found an application to itself in the world economy, but unfortunately the cryptocurrency still cannot do it

Wow - you really have no sense of reality do you? I have posted a lot of posts in here. An suddenly there is a link you don't like and think I get Adsense money from it??? wow, yes I will make millions from the few clicks from crypto-cooks in here - can you feel the sarcasm dripping off the walls?

Blockchain without cryptos would be never be something interesting for people, we all first see this as money then as a technology. And true, is an amazing technology, but again without the money would be like have all the world interested in MySQL... People who doesn't work with databases gives zero fucks about SQL, but guess what, all the people around the world uses money. That's what makes from blockchain and cryptos a thing.

Blockchain and internet comparison drawn by the poster is true but saying that crypto has no meaningful business concept behind it is not completely correct. I agree that blockchain has multiple uses which corporate bodies will continue to latch on it to improve their operations according to their needs. There are still cryptocurrencies that will still survive like bitcoin which has just celebrated 10 years.

The money is with the companies of the world. These companies is facing increasing regulation from governments and will therefore not switch to crypto - instead they develop industry-wide blockchain solutions without crypto. This way the get the value of blockchain solutions without the hassle of crypto

you cant seperate them,blockchain is nothing without crypto, crypto is nothing without blockchain.and why do we need a selection like this?we must use everything which makes our life easier.

While it's certainly true that Blockchain technology has applications that go beyond Bitcoin and decentralization has more benefits than the effects it can have in an economic environment. Simply because a technology has broader application does not mean that it's primary application will become obsolete. Bitcoin will survive, unless all of us suddenly cease usage, mining and investment. Blockchain will find other uses, but I haven't seen any implementation of Blockchain technology that is more significant than Bitcoin. Plus, it's not like Blockchain being used elsewhere means that Bitcoin can't use it; there's not a finite amount of Blockchain, certainly enough to go around.

Most cryptos will die, but not because Blockchain has other applications or use-cases; if anything further adoption of Blockchain technology will drive interest towards the cryptocurrency market.

Blockchain without cryptocurrency or cryptos without blockchain.. Just like hamburger without bread :) It is impossible.. How could you use the blockchain system without a coin? If we make your system what would people take in it? If you don't offer anything like coin why would people join you? I believe that would be something nonsense..

Because you would be paying for goods and services with fiat just like today - but the way the companies work will be much more efficient because of blockchain technology. The cost of running the systems are initially paid for by the companies. Eventually it is of course the consumer who pays, but because of the savings blockchain brings this means that the consumer in total will also see savings. Same as with the internet. The companies spend millions on their webshops, and consumers do not pay to be allowed to use the webshops, that is just part of the product price.

We cannot remove cryptocurrency from blockchain and both of them are always joined together. One of them can't stand alone so why they think that blockchain will survive cryptocurrency and I guess that cryptocurrency is the product of blockchain technologies.

You clearly do not understand what you are talking about

I still thank you for shooting yourself from a point of amazon which has a product to back it and more like cryptocurrency as many are now on product base like ETH , BNB, NIPXS, and many others that are now base on product driving not just a mere currency even the btc is the main pair which is use to trade and use as a form of cash which can be use to settle any bill so far the party are OK in agreement.

Blockchain is a technology for using to maintain the record crypto transactions. With blockchain many people can write entries into a record of informations and updated the same. But the cryptocurrencies is a product that is made for using the blockchain technology not more. On other hand blockchain is acceptable all over the world and the crypto is just waiting for approval of world community. But it does not means that crypto is  dying.

Both are of the same thing, they are new technologies and trend that people need to understand. Blockchain is a new technology for corporate and business world while crypto are new term for financial system that people want to get out of the traditional banking and financial systems. Cryptos were now exploited by fraudster and scam artist and both of them will survive but for a selected few which have a good advocates, good vision, well regulated and secured. The rest with less productivity will dissolve.

maybe you are right, there are many cryptocurrencyies that start to die right now, the coin that dont have the good valie and good future will die here. and i think blockchain as the good system will take the lead on here, because all cryptocurreny use blockchain as the system

Its 2014 once again, the fear that Bitcoin Will soon be wortless and bringing it UP as a form of Ponzi scam. Honestly I couldnt care less but to sit let it flow. So much ideas have sprung UP since that last crash.

Many people think like you that blockchain will survive and cryptocurrency will die but I don't think like that because cryptocurrency is part of the blockchain and it is integrated with blockchain, it always exists in parallel with the blockchain , so cryptocurrency has existed until now, otherwise I think it's already dead.

The blockchain survived but crypto died, maybe there is this possibility in the future. But now crypto is a premise of blockchain existence，if there is no crypto then there is no blockchain, so at present, the blockchain cannot be separated from crypto alone.

I keep hearing that but is it really true?

Both Taleb & Friedman have both demanded "Show me one sucessful business model or utility spawned form Block-Chain", and nobody can find one.

Sure you can argue that BTC proves block-chain is successful, but doesn't prove shit.

'Block-Chain' is a religion, and people here don't have clue what it means, there is nothing novel about a linked-list, they're as old as data-structures in CS, there is nothing new about hashing, there is simply NOTHING NOVEL about Block-Chain or BTC, what wasn't known long before Satoshi released his source.

Certainly a time-stamped model of P2P, where say everybody who ever downloaded a torrent and their IP went into a block-chain, 51% verified because real de-centrailization. But the fact is the existence of such bullshit would not be by any definition a success.

In fact for other than GOVERNMENT, its not certain why anyone would want a public-blockchain, ... and for private, there are still lots of database algo's a hell of a lot better than BTC, in fact the reality is BTC doesn't even work without a database (SQL) doing the actual heavy lifting.

So I concur with you that BITCOIN is a PONZI and its value will go back to zero, but BLOCKCHAIN will also go back to the way of the dodo-bird, because it means nothing to computer science people, it only impresses high-school kids because its open-source, and quite possibly where they 'cut their teeth on C++'

Saotoshi was a MATH guy, which is why most CS people barf at his code, and especially after 1.5 where CORE turned it into a pile of spaghetti shit.

You can block-chain any kind of transaction, hell you could publicly block-chain masturbation, and have a permanent recorded all provided by HODL-ers. Each block contains TX's of N bytes, the contents of the TX can be anything, from a digital-sig verification, to a porn link.

The only thing novel, and Satoshi said so in his 'white paper' was the notion if you had de-centralized servers with >51% participation ( WE DONT), then the transactions could be trusted ( no double spending ), but even this is a lie, because BITMAIN, one company in CHINA controls +90% of the world mining hw.

99% of the people here, don't know C++, they're not CS people, yet they go on about 'block-chain' like its something new, or novel; It's all part of the Religion of BITCOIN, where BLOCK-CHAIN is the holy-trinity that brings everything together in one happy package that even a moron can believe in.

I think cryptocurrency will survive in the future. Right now many market already recognize cryptocurrency as a digital asset and soon will be traded in reputable financial market

While it is true that cryptocurrency depends on blockchain technology, you cannot say the crypto will be completely wiped off. If you’ve been associated with the crypto industry for long, you have to understand and know that the rise and fall are a part of the process. Though the system looks unstable right now, crypto will come back up because awareness about digital currency is increasing. So, you can expect both crypto and blockchain to do well in future.

It's true that blockchain doesn't need crypto,but crypto benefits not only rely on the blockchain there are something else that crypto offer, and crypto could be a useful thing if all countries ready to accept it, crypto won't die so easy because it is backed up by a lot of people