[2015-09-10]Bitcoin: The Self Securing Network

[OmegaStarScream]

While banks and investors look to the blockchain as a singular investment vehicle, they miss the fact that Bitcoin is not only the strongest distributed ledger in existence, but also resembles the natural patterns of basic biology. Hence, it is no wonder why some refer to Bitcoin as “perfect market.”


Full Article : http://cointelegraph.com/news/115262/bitcoin-the-self-securing-network

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[RustyNomad]

A good article without all the technical jargon that still gets the message across of how really powerful and unique the bitcoin network truly is.

It must be noted that due to the number of users and network effect, there is no blockchain currently stronger and more secure than Bitcoin. Attempts to create a ledger that's more secure than Bitcoin is extremely difficult and would take years – any existing altcoin would confirm this fact.

Hope the banks start to realise the above and adopt the bitcoin blockchain instead of each trying to create their own.

[LiteCoinGuy]

it will take some years before they understand that.

i guess Nasdaq understands it already because they will use the BTC blockchain.

[Denker]

it will take some years before they understand that.

i guess Nasdaq understands it already because they will use the BTC blockchain.

To be honest I'm not sure about that anymore. Working together with chain tends more to another solution I believe.I read the article in Forbes and it gave the impression of Blockchain Yes! and Bitcoin No!
Let's wait and see.

[notthematrix]

it will take some years before they understand that.

i guess Nasdaq understands it already because they will use the BTC blockchain.

To be honest I'm not sure about that anymore. Working together with chain tends more to another solution I believe.I read the article in Forbes and it gave the impression of Blockchain Yes! and Bitcoin No!
Let's wait and see.

You cant use the blockchain w/o bitcoin
its that simple , thoose who believe this dont understand the tech , and will find out soon they are also using bitcoin
I can imagine the trech guys soled it that way to the C.E.O

[Mickeyb]

it will take some years before they understand that.

i guess Nasdaq understands it already because they will use the BTC blockchain.

To be honest I'm not sure about that anymore. Working together with chain tends more to another solution I believe.I read the article in Forbes and it gave the impression of Blockchain Yes! and Bitcoin No!
Let's wait and see.

The last I read is that they will use the Bitcoin. Then again you never know until it gets finalized. Look at the Overstock and Counterparty. Today all great, tomorrow Counterparty dropped out of their plans.

I think that only very smart financial institutions will opt to work with Bitcoin. The ones that understand  all the power of decentralized against the centralized blockchain.

Moreover, the financial institutions that do chose Bitcoin will have to become also transparent. No more printing money, hiding, etc.. So I guess in the beginning, it won't be easy for the CEOs to choose the option where they have to give up some of their power.

In the long run, of course, this is the only sustainable option, to become decentralized.

[qwk]

You cant use the blockchain w/o bitcoin

Yes, you can.
The question is, is it useful without a valuable token?
There might be use cases for blockchain technology without, but they certainly don't lie with transfer of money.
I could think of private public key infrastructures or decision making processes, but not much else.
Nevertheless, there is potential in blockchain without Bitcoin. Just probably a lot less than with Bitcoin.