I was reading about the Hyper Ledger project, a project that is overseen by the Linux Foundation and is supported by the likes of IBM, Intel and other known banks all over the world. Then it occured to me that it could lessen the chances of Bitcoin's adoption to the mainstream because the banks' clients which is comprised of the people who are productive to society would be diverted to their private blockchains instead of using Bitcoin directly.
many of these things that we hear or read about somewhere are only alternative ways that these companies or banks are trying to make for their own internal transactions and since bitcoin blockchain technology is a open source project nothing is stopping them
Bitcoin is lucky to have first mover advantage so it just happened to become somehow competitive and gained a following because of it. Now here is my question from all this. Is the ticket to gain massive adoption for Bitcoin or some other cryptocurrency project possible only thru the banks? But how is that possible when they do not want anything to do with them and are already supporting the development of private blockchains?
I believe Bitcoin will live on because it has a solid foundation but the same cannot be said with altcoins.
what you are forgetting is that bitcoin is decentralized and it is good and popular as long as it stays that way.
going to the banks and doing it through banks would be using fiat again so what is the point of having bitcoin in the first place!
