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Author Topic: Blockchain  (Read 1333 times)
JarvisTechnology
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June 25, 2015, 07:19:59 AM
 #21

any bitcoin blockchain forums yet
What do you mean "bitcoin blockchain forums"?
It is becomming the Global Hub.....
with its openless for cryptocurrency developments...

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June 25, 2015, 09:45:55 AM
 #22

Nothing will happen to bitcoin. It's just the technology that they are interested in. However, if you are talking about using the blockchain technology to develop a payment system that rivals or even better compared to bitcoin, that will be another different scenario. I suggest you read up about what is blockchain because your confusion seems to stem from the fact that you thought both are inseparable.

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June 25, 2015, 11:44:48 AM
 #23

All the companies that use their own blockchains instead of the Bitcoin blockchain will go Kodak. All the companies that use the Bitcoin blockchain will succeed, and it will translate in the BTC price.

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June 25, 2015, 12:53:12 PM
 #24

I think a lot of these companies that say they want to research blockchain technology and look into creating their own don't really understand the point. A small centralized ledger is pointless since it can be way too easy to change old blocks, just use a database instead. Sometimes I think companies just throw around hip terms without knowing what they are. Just like they did with "the cloud" 3-4 years ago.

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June 25, 2015, 01:01:44 PM
 #25

I see all these companies interested in the Blockchain technology. What will happen to Bitcoin itself if only the Blockchain is adopted for use? More importantly, what will happen to the miners?
Bitcoin miners are specialized computers that do the work required to verify recorded transactions in the block chain. As a reward for the work the miners earn bitcoin, this is how new bitcoin are released into circulations. Bitcoin and Blockchain goes together, I do not know why you differentiate those two's.

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June 27, 2015, 01:56:53 AM
 #26

Blockchain is just a technology. It's a innovative way for these cryptocurrencies, not necessarily have to do with btc. If large companies do use the blockchain, that means btc will be used more. When the demand is high, the value increases. Chance of inflation goes down. I think it will do good for btc.  Wink

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June 27, 2015, 02:18:20 AM
 #27

Blockchain is just a technology. It's a innovative way for these cryptocurrencies, not necessarily have to do with btc. If large companies do use the blockchain, that means btc will be used more. When the demand is high, the value increases. Chance of inflation goes down. I think it will do good for btc.  Wink
Blockchain and bitcoin is perfect combination and cannot exist w/o the other. More large companies adopt blockchain technology and create their own ledger or altcoins, it has nothing to do with bitcoin. I cannot understand the reasons they demand bitcoin, probably some will, coz they want to adopt bitcoin. I will be good for bitcoin ecosystem. More merchants are accepting bitcoin.

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June 27, 2015, 07:28:37 AM
 #28

I see all these companies interested in the Blockchain technology. What will happen to Bitcoin itself if only the Blockchain is adopted for use? More importantly, what will happen to the miners?
nothing will happen to bitcoin if blockchain technology is used by many companies. bitcoin will continue its way towards its own future (whatever it is),
and IMO adopting blockchain technology can even be a good news for bitcoin. and currently there are a lot of news and chatter about using blockchain technology by many big companies.

BitcoinNewbie15
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June 27, 2015, 07:14:19 PM
 #29

I too often hear people say that the Blockchain is amazing, but Bitcoin itself is not. I am not sure how valid that statement is, but the Blockchain is impressive technology. If a company were to use Blockchain technology, I am not sure if that would have a good or bad effect on Bitcoin, if it has any effect at all.

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July 23, 2015, 11:32:04 AM
 #30

Nothing should happen. Bitcoin has the first mover advantage, by that it also has the most trust of all the other blockchain technologies. Arguably the smartest people have developed and are developing bitcoin. All of this should keep it a number 1.

Of course this doesn't mean anything in the real world. Bitcoin must keep innovating and developing. If bitcoin doesn't, somebody else will. I guess only time will tell, but this is some exciting time. Smiley
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