Blockchain is the Trojan Horse that will push Bankers and Investors finally to Bitcoin!

[Shiroslullaby]

Blockchain and Bitcoin are totally separate of eachother.
Banks may take some interest in Bitcoin in the coming future if price is high enough and there are enough unique users,
but most are going to focus on Blockchain technology and how they can use it for their own purposes- banking ledgers/ transaction record storage.

[hv_]

Blockchain and Bitcoin are totally separate of eachother.
Banks may take some interest in Bitcoin in the coming future if price is high enough and there are enough unique users,
but most are going to focus on Blockchain technology and how they can use it for their own purposes- banking ledgers/ transaction record storage.

Hu?  Bitcoin runs on the blockchain?  Try to separate it...

[pereira4]

Blockchain and Bitcoin are totally separate of eachother.
Banks may take some interest in Bitcoin in the coming future if price is high enough and there are enough unique users,
but most are going to focus on Blockchain technology and how they can use it for their own purposes- banking ledgers/ transaction record storage.

But that is useless if they pretend to compete with an open permissionless borderless blockchain like the bitcoin blockchain. Is like competing with an intranet vs the internet, they will never win, it's already set in stone. Specially when they remove physical cash, everyone will go to bitcoin because no one likes having 0 financial privacy.

[calkob]

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 

I personally don't think they can't fully kill bitcoin unless they shut the internet down, which would is stupid since it would have a negative impact on their business.

The idea that the internet will ever be shut down is a fairytale.  There would be chaos by morning if the internet didnt work,  they have even talked about making internet access a basic human right.   

[QuestionAuthority]

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 

The most important asset any company has, regardless of the industry that company is involved in, are its records. From real estate to high tech to banking your database is your lifeblood. A businesses database holds a record of every action that company has ever performed from its core business to its payroll processing and everything in between.

Companies are always looking for a better and more secure database. One sloppy or malicious employee, virus, hacker or equipment failure can ruin a company. Information technology departments religiously backup data and ensure that company employees have unfettered access to the information they need to keep the company moving forward.

The research into Bitcoins Blockchain happening all over the world has nothing to do with any anarchistic/libertarian wet dream. Companies are not looking to be on the forefront of a new world order or a government destabilizing new money. They simply want to find out if this new distributed database system can keep their records safe and accessible. The research into "Blockchain technology" will have no positive or negative effect on Bitcoin whatsoever. It may however make the companies that use it stronger than they have ever been before (that includes banks and governments too).

[davis196]

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 

I don`t see a "blockchain hype" anymore.There`s no hype about blockchain in the news,social media,etc...

I wouldn`t say that blockchain is a "trojan horse".Sounds like a virus.

[Shenzou]

Well bitcoin has seen a lot of different changes and so is the bock chain, but since the bitcoin has been going up in terms of price and the number of people using it has increased made all investors and bankers have a second thoughts about whether they have to adapt to the current internet consumer base that is using the bitcoin as a mean of payment , but the nature of bitcoin and how dicentrelized it is and how unstable it could be pushes away the investors which they think on the long term bases if in the future government's policy about bitcoin and how are they gonna accept or reject it as a global currency.

[QuestionAuthority]

Well bitcoin has seen a lot of different changes and so is the bock chain, but since the bitcoin has been going up in terms of price and the number of people using it has increased made all investors and bankers have a second thoughts about whether they have to adapt to the current internet consumer base that is using the bitcoin as a mean of payment , but the nature of bitcoin and how dicentrelized it is and how unstable it could be pushes away the investors which they think on the long term bases if in the future government's policy about bitcoin and how are they gonna accept or reject it as a global currency.

Your name is Shenzou which is the name of a Chinese spacecraft so I assume you're Chinese. Do you realize the Chinese day traders are playing with Bitcoin right now like it's a game of Pai Gow? Eventually some big Chinese whale is going to play another game and dump all his coins. Money with its value based only on speculation instead of industry is too volatile. Be careful buying into the Chinese gambling hype or you could lose what little money you have (assuming you're not a whale trader waiting to get rich off of the desperation of the poor).

[hv_]

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 

I don`t see a "blockchain hype" anymore.There`s no hype about blockchain in the news,social media,etc...

I wouldn`t say that blockchain is a "trojan horse".Sounds like a virus.

Not sure what kind of news you are looking at.

Checkout IBM, Infosys, Microsoft, EPAM, Accenture, EY , Deloitte .... lot of the big players are heavily looking into BLOCKCHAIN with many of their brains, consultants and devs. So they all need to learn about bitcoin first. If you learn bitcoin you need to use it and may stay in it & go improve it as well.

Yeah - could be seen as a virus.

[bitbunnny]

I can't agree that this is a trojan horse. Banks know exactly what they are doing. They are not stupid. It is true that they are very interested in blockchain technology and they are making serious preparations to use it in their business. But that doesn't mean they will accept Bitcoin automaticly, not at all. As far as I know some banks are testing and considering use of Bitcoin but this is still far away from acceptance.

[error08]

I don't think this would be so easy. Bankers are very smart and interested only in profit. They will use the blockchain technology for their own purposes but I can't beleive this will push them to Bitcoin just like that. They will fight the Bitcoin to the very end and accept it only if there will be no other options. And they will make the profit out of it.

Because of bankers only interested making profits why they should push and fight bitcoin to the end? Instead of invest in bitcoin and make their own profits of it, as we do know that bitcoin value increases over time from nothing to $770/BTC1 right now, and we can assume that it's nothing compare to what will we get in the 5-10 years later.

[densuj]

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 

Yup i agree with you, the bankers and investors must adopt blockchains technology, if they want be survive in the banking business although they must accept small fees for remittance business is like just get 1% fees  , as we know the bankers take fees 2% above.
There are no choice except adopt blockchains technology or the costumers of banks will moves to bitcoins because small fees in the bitcoin.

[lottery248]

guess what, man? if you think everyone uses bitcoin and then give up using fiats, the fiats down so are the bitcoin. anyway i don't understand the 'trojan horse' mean.

[hv_]

No way they will into bitcoin just because blockchain technology, all they do is integrate blockchain technology into their system and says it's the real/best usage of blockchain.
They only use if they think they can earn profit by doing so, otherwise they will stick with their fiat currency.

So e.g. Vontobel already does ...

[audaciousbeing]

I see bankers on their individual level using Bitcoin and making profit out of it but banks itself as an institution or a sector of the economy is not something I am seeing happening anytime soon simply because of the fact that their activities are greatly regulated by the Central Bank as it is called here which is the mouthpiece of government in that sector and until government gives the go ahead then they will be operating outside the curfew of their powers in which I am sure bank CEO's won't want to try.

[20kevin20]

If investors would buy Bitcoin... That means >50% of the Bitcoin's volume to be traded I bought by them. I am not that sure it'd be a good idea because the price would go down and up whenever they want and need to. Right now the volume is going to $13B, and them owning millions or billions of dollars in BTC would manipulate so easily the price!

[franky1]

best way to think about it.

database= layer one
relational database= layer two
blockchain relational database = layer 3
...
bitcoin =(way above) layer 10

all the bankers and investors seem to be playing around with blockchain relational database which is no where near bitcoin. but has advantages compared to their old RDBMS.(relational database)

yes hyperledger seems to be bankers big project which is a divergence of blockchain tech and yes it may include other features such as PoA(multi signed proof of authority) and other things. making it like 5-6 layers. but still not deep and diverse enough to meet bitcoins strengths.

but bankers wont use bitcoin due to their regulatory policies of handling fiat. so to be abl to use something backed by low level blockchain tech, they need to build their own to be in full control. and secure it with extra layers of other tech. because 'blockchain' alone is WEAK
block chain without any 'proof-of-__' is not exciting or secure.
blockchain without cryptography is not exciting or secure.
so ofcourse hyperledger is going to be a few layers beyond basic blockchain. just like bitcoin is many layers beyond blockchain.
but hyperledger will user different cryptographyy, different 'proof-of-___' and other different added layers of security/tech

i see it more so that the bankers of hyperledger are trojan horsing bitcoin. by financing blockstream, blockchain.info, bitcoinj, etc, classic(via Bloq) and xt(via r3). to disrupt bitcoin while all the bitcoin devs help grow hyperledger

[zoose]

Banks in developed countries already know about bitcoin, but it's a fiat competitor - so it won't be adopted by them.
Blockchain on the other hand it gaining entrance into the banking industry.

I was listening to a radio program and they were talking about Blockchain technology being incorporated into Chinese banking system and they didn't talk about Bitcoin once. The reported asked about Bitcoin and they didn't even acknowledge the question. IMO they're, banks, are going to try and do an end run around Bitcoin BC they're boxed out right now.

Will they succeed or will they fail is the question?

[shinratensei_]

Finally, after this blockchain hype we see right now, attracting so many thinkers , projects and budgets, many of the intelligent will finally debunk the real power of bitcoin itself.

If this is because of its feature to be a mostly uncorrelated investment class, a money transfer system or together with Rootstock on top some smart contract / dapp enabling super asset, who knows?

I say it will.

 

It might be, but personally I doubt that it is going to change the opinions from a majority of bankers and other financial sector workers. From what I know a lot of it is just a proposed blockchain system that bankers want to have so they can monitor their users more effectively, not use Bitcoin along with it.

Because larry summer had been said about that.

"While there are arguments you can’t get all the benefits [of blockchain] without bitcoin, my suspicion is that ways will be found to get those benefits without the uncertainty in the value of bitcoin relative to the ways people hold money and denominate transactions,"

[hv_]

Banks in developed countries already know about bitcoin, but it's a fiat competitor - so it won't be adopted by them.
Blockchain on the other hand it gaining entrance into the banking industry.

I was listening to a radio program and they were talking about Blockchain technology being incorporated into Chinese banking system and they didn't talk about Bitcoin once. The reported asked about Bitcoin and they didn't even acknowledge the question. IMO they're, banks, are going to try and do an end run around Bitcoin BC they're boxed out right now.

Will they succeed or will they fail is the question?

All those blockchain bubblers try to ride this hype and collects VC .  But once it comes down to realize it they all need expertise and you can ONLY get it by deep dive into bitcoin - bingo: I cannot see how a real blockchain will work w/o a token and game theory - could you?

Rest of 'blockchainer's are poor distributed database monkeys  - noSQL is older...