Bitcoin Forum

Lithuania is not discussed often when it comes to cryptocurrencies. However, this country is moving towards friendly policies for cryptocurrencies. I went on a humanities conference to Vilnius last year and, surprisingly, saw some events within the program that were related to cryptocurrencies and ways to regulate them! The article I came by today is about a similar issue: https://cryptonews.com/news/is-blockchain-a-technology-or-philosophy-the-debate-3258.htm. I would not say that it's actually considering the philosophical implications of blockchain, but it raises a broader question: is blockchain about innovation, profit and efficiency or about decentralized trustless community and free market?

It is really interesting these debates (and I am not surprised that they are taking place in Eastern Europe!).

I am unable to know which position will prevail, but what is certain is that it will determine the whole future of the sector.
As is often the case, the reality will probably be a mixture of different trends

after all, everyone has different thoughts on the blockchain, some crypto enthusiasts think blockchain is innovation and under it understands it as a unity of crypto which means profit and business.

by the wauy, i like this one. “Blockchain is a technology. Why do we have to regulate a technology?

There are always different sides when it comes to giving justification on what the blockchain technology really is, and it's just great that some people are really trying to give weight on each sides by using their experiences and knowledge regarding the matter. I'm not surprised that this happens in Eastern Europe, though I'm interested as to why they chose the blockchain technology for such talks while the other parts of the world are too busy creating platforms that will give profits but not real innovation. I, too, am torn on what does the blockchain tech really offers in particular aside from being an efficient way of handling, storing and sorting data, so it's really interesting to watch how would the debate unfold.

I think the country is sensitive to technological developments, especially the blockchain. new systems introduced to be an option in facilitating community work. and incidentally because this system is contrary to the existing system, it makes it controversial, but this does not happen in Lithuania

The Blockchain is both a technology and a philosophy,so the question is plain stupid.
Why do all the small countries are so crypto friendly?Lithunia,Malta,Gibraltar,some offshore islands...
I wish some big countries to become more crypto friendly.

There is no way to separate blockchain away from certain characteristics because as humans, different things appeal to us. To some people what makes blockchain fascinating is about the decentralization, others its about the anonymity, to some other people, its the volatility among other factors. To argue about bringing philosophy into the picture would mean having a broader view an a wider understanding about the uniqueness of the technology that we have come to adore. However, putting it into debate and forcing people to pick a side would be something that should not be encouraged at all as it would then means criminalising the other parts that does seems not to agree with my point of view.

This is a broad question. I mean which technology of blockchain and which ideology of blockchain and on what topic. If you are asking if bitcoins blockchain technology or ideology of going against banks, I would say they are pretty close but going against banks is the number one reason.

Moreover, there are plenty of coins and blockchain technologies, for example ethereum doesn't really have any ideology at all, they are just another cryptocurrency however their blockchain is so superb that they are at top 3 constantly and they are not just ideology, it is because of their blockchain. Hence, it depends on blockchain and depends on technology, the topic decides on which one is important. If its about bitcoin the ideology is more important but if its like ethereum is more blockchain.

Yeah, well I guess it's more about the ideology of Bitcoin and its early adopters. I am talking about being free from intermediaries, participating in the creation of coins and setting the price automatically because of the demand and offer. It seems like many people nowadays don't care much about these things. They care about the price getting higher (even if it happens because bitcoin becomes more under control), governments declaring cryptos commodities or whatever as long as the taxes are favorable (while bitcoin is supposed to be money) and some technological improvements like cheaper and faster transactions.

"Blockchain technology" in popular sense is definitely more profit-oriented, more about improving the existing centralized companies rather than building a brand new type of economy. It's no coincidence that there's a big focus on private blockchains rather than the public ones, like Bitcoin. Blockchain technology nowadays has very little to do with Bitcoin and its ideological roots of cryptoanarchy, and many modern blockchains are very centralized, which raises the question, why bother with blockchain in the first place?