Bitcoin Forum
December 11, 2017, 11:59:10 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2015-11-10] Say the Big, Bad ‘B’ Word: Bitcoin and the Internet of Money  (Read 291 times)
LiteCoinGuy
Legendary
*
Offline Offline

Activity: 1148


In Satoshi I Trust


View Profile WWW
November 10, 2015, 03:55:08 PM
 #1

Say the Big, Bad ‘B’ Word: Bitcoin and the Internet of Money

It has been a bit amusing watching as intellectuals and “thought leaders,” financial industry executives, technologists and even the media itself have fallen in love with “the blockchain,” “distributed ledgers” and other phrases to talk about the innovation happening in how trust and value exchange work on the Internet.

Notably absent from this high-minded and purportedly insightful thinking is reference to bitcoin, the actual open platform that distributes trust and provides a highly secure ledger to exchange value around the world.

https://recode.net/2015/11/09/say-the-big-bad-b-word-bitcoin-and-the-internet-of-money/

1512993550
Hero Member
*
Offline Offline

Posts: 1512993550

View Profile Personal Message (Offline)

Ignore
1512993550
Reply with quote  #2

1512993550
Report to moderator
1512993550
Hero Member
*
Offline Offline

Posts: 1512993550

View Profile Personal Message (Offline)

Ignore
1512993550
Reply with quote  #2

1512993550
Report to moderator
1512993550
Hero Member
*
Offline Offline

Posts: 1512993550

View Profile Personal Message (Offline)

Ignore
1512993550
Reply with quote  #2

1512993550
Report to moderator
FORTUNEJACK.COM[
                            
9 BTC WELCOME PACK FOR 1ST 5 DEPOSITS
FREE 1,000 mBTC daily for LuckyJack winners
[
          
]
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1512993550
Hero Member
*
Offline Offline

Posts: 1512993550

View Profile Personal Message (Offline)

Ignore
1512993550
Reply with quote  #2

1512993550
Report to moderator
MrBig
Sr. Member
****
Offline Offline

Activity: 369



View Profile
November 10, 2015, 06:06:04 PM
 #2

Someone should ask these executives and intellectuals how they envision a Blockchain operating without a PoW system like Bitcoin. If there is no incentive for miners, they will simply shut down their machines, resulting in the demise of the Blockchain. I guess corporations could pay miners directly for using the Blockchain, or create their own mining farms and treat it as an operating expense. Ultimately, they must have some sort of system in their mind as to how the Blockchain will exist independent of Bitcoin.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!