lol: blockchain - yes; bitcoin - no

[JPage]

This is the third story today by someone who asserts their brilliance by saying: "we are interested in blockchain; bitcoin not so much".  It is meant to show you are a bigshot if you can put forth another version of this over-used line.  
Here is one: http://www.cityam.com/220231/why-i-chose-float-fintech-business-london

Here is another: http://www.coindesk.com/standard-chartered-exec-touts-blockchain-tech-for-trade-finance/

It reminds me of the time an English man was explaining to his son on an airplane that: 'it is the wings that makes the airplane fly'.  I immediately thought - it's the fucking engine that makes it fly - and the rudder too, and the cockpit too, and the pilot too.  Even the landing gear - although I'd have to argue the landing gear makes it fly again.

There isn't such thing as Bitcoin or blockchain.  Bitcoin includes a blockchain and a bunch of other stuff. Go ahead, try to make your blockchain without some bitcoin behind it.  Let's see where that will get you.  

People need to quit showing how smart they are by expressing their keen interest in the 'blockchain' while at the same time saying 'bitcoin' isn't so interesting.  All this really does is show you don't understand cryptocurrency.  There is not blockchain without bitcoin.  

[NeuroticFish]

They can make an altcoin and voila, they'll have a blockchain.
But there's no stronger blockchain than Bitcoin's. And if that's advertised enough, organizations will come for the blockchain and will have to use bitcoin for that.

[redsn0w]

They can make an altcoin and voila, they'll have a blockchain.
But there's no stronger blockchain than Bitcoin's. And if that's advertised enough, organizations will come for the blockchain and will have to use bitcoin for that.

For the moment, the bitcoin blockchain is the most 'used' and it is the most secure but like I said "for the moment". However it is normal that in the future someone will build something better than the actual bitcoin (this is obvious... technology).

[Possum577]

Ah, this is OK. Try not to take offense. They don't mean that Bitcoin must go away, they're just only interested in the blockchain technology for their endeavor.

Think about it. You have some business, you realize that blockchain technology can increase processing time, confidence in accuracy of transactions or processing, reduce risk, save you money, earn you money and you think "Yes, this blockchain technology is GREAT!" That's not a knock to Bitcoin, it's praise of Bitcoin.

There's all sorts of ways to apply this great new technology to the business world and Bitcoin will always be the project that started it.

Bitcoin will also (hopefully) remain as an alternative currency, and that'll will be determined by a community of people using Bitcoin and governments deciding not to outlaw it.

This further legitimizes Bitcoin - it's not some "internet video game currency", it's sophisticated, useful, and backed by something that is really, really ingenious.

[Lauda]

For the moment, the bitcoin blockchain is the most 'used' and it is the most secure but like I said "for the moment". However it is normal that in the future someone will build something better than the actual bitcoin (this is obvious... technology).

Says who? You can't know this for a fact. As long as the developers actually do their jobs, there is no reason for Bitcoin to fall behind.
So far, we've seen almost no implementations in the altcoin world that deserve the attention of Bitcoin. Besides, when (if) *insert company/government agency* creates another coin it is going to violate one of the fundamental ideas of such peer-to-peer currencies, which is no central authority.

Update: Several corrections.

Currently we have the Internet. But one day we will use a different Internet... you know... innovation..

If you mix that up with this thread, the conclusion is that we should not be using the internet because there will be a better one in the future. I don't understand people that really doubt Bitcoin, especially newer members of this ecosystem.

[ransomer]

For the moment, the bitcoin blockchain is the most 'used' and it is the most secure but like I said "for the moment". However it is normal that in the future someone will build something better than the actual bitcoin (this is obvious... technology).

Says who? You can't know this for a fact. As long as the developers actually do their jobs, there is no reason for Bitcoin to fall behind.
So far, we've seen almost no implementations in the altcoin world that deserve the attention of Bitcoin. Besides, when (if) *insert company/government agency* creates another coin it is going to violate one of the fundamental ideas of such peer-to-peer currencies, which is no central authority.


Update: Several corrections.

Currently we have the Internet. But one day we will use a different Internet... you know... innovation..

[lorylore]

Well blockchain i dont like it, i like bitcoin but i hate blockchain, some unconfirmed transaction etc...

[wadili89]

Well blockchain i dont like it, i like bitcoin but i hate blockchain, some unconfirmed transaction etc...

which is not true or i disagree i have tried may wallets computer and mobile both and blockchain works the best amoung all its very lite even with slow internet connection it works great and dont ask for any kind of documents like some other wallets and about the transactions this is just now ofcourse it is not gonna stay like this

[Ingatqhvq]

Well blockchain i dont like it, i like bitcoin but i hate blockchain, some unconfirmed transaction etc...

Blockchain is the basic technology of bitcoin, you can't split block chain form bitcoin.
And bitcoin's blockchain is not the only blockchain.

[Kprawn]

Some people do not want to use the Blockchain for it's currency feature... Let's not forget the blockchain is one big ledger system for all things.

Example : If you want to keep record of all traffic licences, you could use your own version of the blockchain to do just that. This blockchain will not get spammed by other transactions, but it will still be

accessable by everone for transparancy. {They could include write functions for employees and read functions for everone else}

Bitcoin {currency} are currently mixed with other features, and it's a bit of a mess and it's bulky... Companies see the potential in the technology, but they do not want all the transactions not based on

their business model.  

[pooya87]

well what bitcoin introduced to the world with its technology was a brilliant thing . so everybody wants to use its technology for their own purposes.

there are a lot of groups interested in blockchain technology and working on it. the last thing that i have heard was that NewYork bank financial group that was working on their own project using bitcoin blockchain technology.

but they are all just altcoins with separate blockchains and none of them could compete with bitcoin and come even close to it in the long run.

[Amph]

they can't get it about early adopters, i think, that they think they will enrich only those people if they start to accept bitcoin too, this is one of the big problem of bitcoin, few people controlling 100k-200k coin is not healthy at all

their centralized altcoin is the worst thing ever and will never work, look at the altsection it's a dead place, and they are not centralized, imagines now the same thing but heavy centralized, it will end like ripple, useless..

[lorylore]

Well blockchain i dont like it, i like bitcoin but i hate blockchain, some unconfirmed transaction etc...

which is not true or i disagree i have tried may wallets computer and mobile both and blockchain works the best amoung all its very lite even with slow internet connection it works great and dont ask for any kind of documents like some other wallets and about the transactions this is just now ofcourse it is not gonna stay like this

Well i know that blockchain is the heart of the bitcoin, but i meant another thing anyway ok.

[goosoodude]

Like some already wrote, they don't want to use "our" blockchain. They only want to adapt the tech behind. For sure their blockchain won't be as secure as ours though.

Though maybe, while playing with it, they will find that the bitcoin blockchain has some advantages they will use.

[errornone]

They can make an altcoin and voila, they'll have a blockchain.
But there's no stronger blockchain than Bitcoin's. And if that's advertised enough, organizations will come for the blockchain and will have to use bitcoin for that.

why bitcoin blockchain is safer than monero blockchain?

[oblivi]

Ah, this is OK. Try not to take offense. They don't mean that Bitcoin must go away, they're just only interested in the blockchain technology for their endeavor.

Think about it. You have some business, you realize that blockchain technology can increase processing time, confidence in accuracy of transactions or processing, reduce risk, save you money, earn you money and you think "Yes, this blockchain technology is GREAT!" That's not a knock to Bitcoin, it's praise of Bitcoin.

There's all sorts of ways to apply this great new technology to the business world and Bitcoin will always be the project that started it.

Bitcoin will also (hopefully) remain as an alternative currency, and that'll will be determined by a community of people using Bitcoin and governments deciding not to outlaw it.

This further legitimizes Bitcoin - it's not some "internet video game currency", it's sophisticated, useful, and backed by something that is really, really ingenious.

Nope, they are getting it wrong. Thankfully, Andreas Antonopoulous addressed their bullshit on this video:


https://www.youtube.com/watch?v=_0mykANOMGQ

Watch the entire thing, it's about halfway. This video should be posted everytime this "blockchain yes and bitcoin no" is brought up. If you think you can split Bitcoin from blockchain you just don't get it. All companies that do that will end up bankrupt.

[BitUsher]

Another new discussion on this topic:

https://www.youtube.com/watch?v=fLFrgugC88Y

I will stick to Fiat if I want to have regulation and KYC. Bitcoin has better security because it gives consumers the choice of transparency or privacy. No corporate coin or government coin will offer that as they will insist on KYC and backdoors.

[errornone]

They can make an altcoin and voila, they'll have a blockchain.
But there's no stronger blockchain than Bitcoin's. And if that's advertised enough, organizations will come for the blockchain and will have to use bitcoin for that.

why bitcoin blockchain is safer than monero blockchain?

The network security behind bitcoin is 360,540,831.57 GH/s, that is a lot more than monero and that is why it is safer.

only because it has more users NOW. but in the future...

[Lauda]

only because it has more users NOW. but in the future...

In the future it is definitely going to have a lot more hashing power than all others coins combined. What's your point exactly? Most people who preach that Bitcoin is going to be replaced in the near or far future are the ones that have most likely missed the initial profit chance.
If you had bought Bitcoin in 2012 or sooner you would be running around and yelling :"Bitcoin!". 

[BitUsher]

They can make an altcoin and voila, they'll have a blockchain.
But there's no stronger blockchain than Bitcoin's. And if that's advertised enough, organizations will come for the blockchain and will have to use bitcoin for that.

why bitcoin blockchain is safer than monero blockchain?

What is with all this Monero spam lately? Do they not understand that it makes us not want to touch it as it reflects a sense of desperation? Makes me even consider that it may be shills funded from competing privacy coins attempting to piss everyone off.