LiteCoinGuy (OP)
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In Satoshi I Trust
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May 21, 2015, 04:10:36 PM |
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When i hear banks say I like blockchain tech but not bitcoin, this is the analogy i think of...
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RodeoX
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The revolution will be monetized!
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May 21, 2015, 04:13:19 PM |
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lol, yeah, that is an apt analogy.
They just can't seem to help themselves. They must cut that goose open and see where the golden eggs come from.
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Amph
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May 21, 2015, 04:37:33 PM |
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well they kinda centralized it(internet) with all the ISP they raised in the world
they will do the same with bitcoin with centralized node, from where you need to connect to gain access to your wallet, it's just a bad dream....
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spazzdla
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May 21, 2015, 05:14:11 PM |
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well they kinda centralized it(internet) with all the ISP they raised in the world
they will do the same with bitcoin with centralized node, from where you need to connect to gain access to your wallet, it's just a bad dream....
This.. I fear this. |
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R2D221
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May 21, 2015, 05:16:41 PM |
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well they kinda centralized it(internet) with all the ISP they raised in the world
they will do the same with bitcoin with centralized node, from where you need to connect to gain access to your wallet, it's just a bad dream....
Yes, but since the beginning it was expected that big farms would be the only ones both doing the mining and storing the blockchain. |
An economy based on endless growth is unsustainable.
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Rimmer
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May 21, 2015, 05:36:34 PM |
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I think they're entitled to their opinion but for centralized institutions like banks who run their own blockhains they wont need any bitcoin-type payment system or if they do they'll just be running it with their own type of alt coin.
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RitzBitzz
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May 21, 2015, 05:59:03 PM |
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well they kinda centralized it(internet) with all the ISP they raised in the world
they will do the same with bitcoin with centralized node, from where you need to connect to gain access to your wallet, it's just a bad dream....
Yes, but since the beginning it was expected that big farms would be the only ones both doing the mining and storing the blockchain. Well they got it right but from an economical standpoint it had to happen. |
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newcripto
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May 21, 2015, 08:24:04 PM |
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They (bankers) believe the real thing is blockchain not bitcoin.Many believe the future's financial system will be based on blockchain technology.They want to give impress that Bitcoin is so important as people believe.That is the reason they promote and willingly are ready to embrace the blockchain tech.
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RitzBitzz
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May 21, 2015, 09:45:27 PM |
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They (bankers) believe the real thing is blockchain not bitcoin.Many believe the future's financial system will be based on blockchain technology.They want to give impress that Bitcoin is so important as people believe.That is the reason they promote and willingly are ready to embrace the blockchain tech.
That maybe the future of the financial system but only if it gets adopted by the banks and gov. |
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Meuh6879
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May 21, 2015, 09:49:11 PM |
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blockchain don't work without nodes and mining power ...
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SpanishSoldier
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May 21, 2015, 10:39:42 PM |
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@OP Great illustration. Lets post it in reddit and upvote to the top. Anti-bitcoin blockchain tech experts will stand red faced.  |
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cryptworld
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May 21, 2015, 11:12:04 PM |
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It's right I see many enterprises talk about blockchain but they don't talk about bitcoin,but the point is that when it is flooded but blockchain they will realise that they are flooded with bitcoin
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Soros Shorts
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May 21, 2015, 11:20:39 PM |
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blockchain don't work without nodes and mining power ...
Well a blockchain based on Proof-of-Authority only needs 1 centralized node and 0 mining power. Let's hope that we never get to this kind of shit. |
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commandrix
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May 25, 2015, 03:04:56 PM |
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Yep. That's like saying you like your GPS device but you don't support the development of space infrastructure. You can't have GPS without satellites orbiting the planet, and the Blockchain wouldn't exist if Bitcoin didn't exist.
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broseph
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May 25, 2015, 03:08:41 PM |
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I think they just say that in public because it sounds way less scarier to the general public. Bitcoin still = oh_noes_drug_money, Blockchain sounds more politically correct.
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Immortal Tech
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May 25, 2015, 04:58:54 PM |
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I'm sure there will be lots of blockchain influenced tech and to some that's the exciting part of bitcoin or the blockchain tech, but I don't think it will neccesarily need a coin to power it and many people will develop alt systems that are just based on bitcoin.
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