"Blockchain is good, Bitcoin is bad"..i'm tired to hear this

[Hamuki]

I think it is just yet another attempt from central banks and fiat authorities to defame Bitcoin and still take advantages of its technology, to create their very own, controlled, centralized, bs copycat. There is a long list out there and by now i'm just going to consider them at same level of altcoins.
They claim a "centralized trusted" authority would allow a massive worldwide usage, i say : yes you can make something thrustworthy in 2 ways, rather you use a centralized trusted authority (kinda like we use escrows) OR you can rely over a decentralized chain sys where you "cant cheat", period!
Actually i see a lot of progress being done on the "double spending" issue too so yes: Blockchain is good and Bitcoin is good to me, isnt it?

[pedrog]

I haven't seen any of that, can you show some examples where you've be seen that and why do you think "central banks and fiat authorities" are behind it?

[lrdeoliveira]

I haven't seen any of that, can you show some examples where you've be seen that and why do you think "central banks and fiat authorities" are behind it?

what i personally see is that some banks are hostile to bitcoin, and bitcoin-related transaction, while they are studying the blockchain tech

[1Referee]

I'm used to this nowadays. There are a few banks here that also say that they are very interested in the technology behind Bitcoin, and less in the coin itself. I can understand why they don't like Bitcoin as currency that much. It's a threat to their entire financial system. That's why they will come up with their own version of Bitoin where they can still rule all aspects of the market with iron fist.

[Jet Cash]

Surely blockchains have been around for years. What is new is the PoW and the distributed ledger. If you take those away, then you are back to last century technology.

[Hamuki]

I haven't seen any of that, can you show some examples where you've be seen that and why do you think "central banks and fiat authorities" are behind it?

what i personally see is that some banks are hostile to bitcoin, and bitcoin-related transaction, while they are studying the blockchain tech

Exactly. I am talking about all those cases where fiat-tied international companies (some banks included) are trying/claiming to implement private blockchains in the name of a "centralized trusted authority" would make it safe. In my opinion, we dont need that: decentralization is the way to make it trusthworty. So why they do that: that's an altcoin to me.

[thejaytiesto]

I haven't seen any of that, can you show some examples where you've be seen that and why do you think "central banks and fiat authorities" are behind it?

It's very obvious if you pay attention to whats going on. Google RSCoin. They first defame Bitcoin and say blockchain is the next big thing instead, then they release their centralized scamcoin to try to compete with Bitcoin and hope the clueless average joes buy in. It's all a big marketing scheme and nothing else.

[franky1]

anyone saying blockchain is good bitcoin is bad.. are basically categorized as "altcoiners"

[pedrog]

I haven't seen any of that, can you show some examples where you've be seen that and why do you think "central banks and fiat authorities" are behind it?

what i personally see is that some banks are hostile to bitcoin, and bitcoin-related transaction, while they are studying the blockchain tech

Exactly. I am talking about all those cases where fiat-tied international companies (some banks included) are trying/claiming to implement private blockchains in the name of a "centralized trusted authority" would make it safe. In my opinion, we dont need that: decentralization is the way to make it trusthworty. So why they do that: that's an altcoin to me.

Again, can you show examples?

There are banks that prefer not to deal with bitcoin related activities because there isn't much legislative clarity, they may be taking a huge risk for little money to have such clients.

Financial institutions adopting this technology just shows the technology is good, the same thing when Microsoft ports software to Linux systems and submits improvements to Linux, this isn't against open source philosophy, it just shows the tecnology is good and it's being implemented in ways we could not predict.

[RodeoX]

anyone saying blockchain is good bitcoin is bad.. are basically categorized as "altcoiners"

That's how I see it also. I think a lot of institutions who only vaguely understand bitcoin have dreams of starting over with a coin under their control. Of course they are missing the point. The fact that they can't control bitcoin is why many of us are here in the first place.

[Amph]

anyone saying blockchain is good bitcoin is bad.. are basically categorized as "altcoiners"

it's funny because those altcoiners are dumping their shitcoin for bitcoin....so i'm not sure if it fit perfectly this example

[bargainbin]

anyone saying blockchain is good bitcoin is bad.. are basically categorized as "altcoiners"

That's how I see it also. I think a lot of institutions who only vaguely understand bitcoin have dreams of starting over with a coin under their control. Of course they are missing the point. The fact that they can't control bitcoin is why many of us are here in the first place.

1. Saying that banks, somehow, don't understand Bitcoin is ludicrous.

2. Blockchain is the technology Bitcoin is built on, just like von Braun's V2 rocket was built on liquid rocket propulsion. The V2 was, arguable, bad -- it killed many people who didn't want to die. The technology behind it, otoh, was perfectly fine -- we still use it to scoot around in space.

3. Banks don't dislike Bitcoin any more than I dislike the V2. The V2 is great, the people who used it, otoh, I have mixed feelings about.
Similarly, it would be ridiculous for banks to like bitcoin enthusiasts, taking into account the shit you say, e.g. that banks are ev0l, run by Saurian J00z & should die in a fire.
Frankly, I'm surprised by how tolerant society, as a whole, has been of your antics.
Remember: Our Lizard Lord is slow to anger but great in power; the Great Old One will not leave the guilty unpunished!

[ObscureBean]

Blockchain does not automatically mean cryptocurrency or Bitcoin. It is a technology in and of itself and has a number of possible uses that do not involve crypto.

It's easy to root for decentralization now that centralization has gotten us to where we are. As with all things, decentralized systems are not perfect. For regular people, a centralized system means security as in peace of mind. When something goes wrong, you know where to go, who to talk to, who to blame/sue. If there is no central authority and no one is accountable, who do you run to when things start to go sideways?
Personally I think the two can co-exist and over time merge to form a more stable system.

[fravia]

we definitely can not say that bitcoin is bad as only the people who dont have any understanding about bitcoin and only read the news that tell bitcoin is bad think like that

in my opinion bitcoin as a currency and blockchain are equally important, bitcoin is a pretty good investment and can bring you some good money while blockchain is pretty good technology

[Kprawn]

We should create the slogan, Blockchain is good, but Bitcoin is better to counter these idiots advocating that Blockchain technology will be used, but Bitcoin will be left out. In essence they are saying, you

cannot enjoy a peanut butter and jelly sandwich, because it's a bad combination. They want people to believe peanut butter and fish spread is better. Most people will realize the difference, if we let them taste

the difference. How can you judge, if you have not tasted both sandwiches.    

[Hamuki]

Again, can you show examples?

Google is your friend if you havent heard about it but sure i can show you some links of banks and companies exploring blockchain with the underlying (sometime explicit) idea of making their own Bitcoin copycat:

• http://www.coindesk.com/unicredit-white-paper-explores-blockchain-uses-for-bank-payments-post-trade-processes/
• http://www.ft.com/cms/s/0/3be95e82-cc19-11e5-a8ef-ea66e967dd44.html#axzz43GvUuZX2
• http://bravenewcoin.com/news/bank-of-america-merrill-lynch-explores-using-a-blockchain-for-trade-finance/

I say underlying because they aiming to a trusted centralized authority that would magically make their own criptocurrency "trustworthy" itself. So i see it as an attempt to force centralization of cryptocurrency, which, in my opinion, is not necessary.

I would also suggest to read a recent Paul's article about private blockchains over his truthcoin blog.

[bargainbin]

cannot enjoy a peanut butter and jelly sandwich bag of dicks, because it's a bad combination. They want people to believe peanut butter and fish spread not eating a bag of dicks is better. Most people will realize the difference, if we let them taste

the difference. How can you judge, if you have not tasted both sandwiches.    

FTFY because BTC is not PB&J

[bargainbin]

We should create the slogan, Blockchain is good, but Bitcoin is better to counter these idiots advocating that Blockchain technology will be used, but Bitcoin will be left out. In essence they are saying, you

cannot enjoy a peanut butter and jelly sandwich, because it's a bad combination. They want people to believe peanut butter and fish spread is better. Most people will realize the difference, if we let them taste

the difference. How can you judge, if you have not tasted both sandwiches.    

Maybe we should also say Without Bitcoin, Blockchain won't exist. Most of them forget about this fact.
Also, biggest blockchain is Bitcoin's blockchain.

Without V2, we wouldn't have all those nice com sats. But take my word for it, V2 was not a nice thing; people who paid for it & used it just weren't nice.

[pedrog]

Again, can you show examples?

Google is your friend if you havent heard about it but sure i can show you some links of banks and companies exploring blockchain with the underlying (sometime explicit) idea of making their own Bitcoin copycat:

• http://www.coindesk.com/unicredit-white-paper-explores-blockchain-uses-for-bank-payments-post-trade-processes/
• http://www.ft.com/cms/s/0/3be95e82-cc19-11e5-a8ef-ea66e967dd44.html#axzz43GvUuZX2
• http://bravenewcoin.com/news/bank-of-america-merrill-lynch-explores-using-a-blockchain-for-trade-finance/

I say underlying because they aiming to a trusted centralized authority that would magically make their own criptocurrency "trustworthy" itself. So i see it as an attempt to force centralization of cryptocurrency, which, in my opinion, is not necessary.

I would also suggest to read a recent Paul's article about private blockchains over his truthcoin blog.

Where does it say bitcoin is bad?

"which it notes "has the potential of reshaping the current financial services technical infrastructure"", looks good to me.

You don't seem to understand what an open source technology is, you don't make 'copycats', you fork it, you are free to do whatever you want with it and you should do so.

People are always bitching about how terrible and slow bank's services are, and they are, but when they try to adopt the best technology available to improve their services people start bitching about they doing so...

[Hamuki]

Where does it say bitcoin is bad?
You don't seem to understand what an open source technology is, you don't make 'copycats', you fork it, you are free to do whatever you want with it and you should do so.

People are always bitching about how terrible and slow bank's services are, and they are, but when they try to adopt the best technology available to improve their services people start bitching about they doing so...

You arent getting the real question: their ignoring bitcoin and building their own cryptocurrency on top of blockchain (without Bitcoin) is a clear attempt to centralization with a so called "thrusted central authority" which is absolutely unnecessary in this contest.

Despite i agree with you about the meaning of opensource, that's not the matter of this topic.

you don't make 'copycats', you fork it, you are free to do whatever you want with it and you should do so.

Yeah if "you" is a mining pool or a group of guys making their own coin...but when it comes at banks and Inc...i get alergic, sorry