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Author Topic: newbie question regarding Bitcoin ( Or not )  (Read 221 times)
danielgold20
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May 13, 2017, 02:28:59 PM
 #1

After reading many information on the bitcoin and other Crypto currency there one thing I dont Understand.

As I understand there is a blockchain ( where all the transaction with the coin published ) as ETH Litcoin an so on

Now as I understand Many company around the world would like to use this Technological information ( blockchain ) to improve there business ( transaction,security and so on )


And as I understand every currency have there on technology of blockchain,
Now lets say the ETH technology is better then the other Crypto currency in the market  is that mean that the value of the coin will be higher?
and even more how does the technology affect the coin price?
as I understand the all purpose of the team is to build the technology that will make " the world better safer and greater " but does it effect on the coin?
there purpose is not to make coins and mine they see there as Pioneers of the Digital Age.

If you can answer this or even add information or clarification will be great!

Thank you!
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Creating a Bitcoin client that fully implements the network protocol is extremely difficult. Bitcoin-Qt is the only known safe implementation of a full node. Some other projects attempt to compete, but it is not recommended to use such software for anything serious. (Lightweight clients like Electrum and MultiBit are OK.)
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Yakamoto
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May 13, 2017, 02:39:36 PM
 #2

After reading many information on the bitcoin and other Crypto currency there one thing I dont Understand.

As I understand there is a blockchain ( where all the transaction with the coin published ) as ETH Litcoin an so on

Now as I understand Many company around the world would like to use this Technological information ( blockchain ) to improve there business ( transaction,security and so on )


And as I understand every currency have there on technology of blockchain,
Now lets say the ETH technology is better then the other Crypto currency in the market  is that mean that the value of the coin will be higher?
and even more how does the technology affect the coin price?
as I understand the all purpose of the team is to build the technology that will make " the world better safer and greater " but does it effect on the coin?
there purpose is not to make coins and mine they see there as Pioneers of the Digital Age.

If you can answer this or even add information or clarification will be great!

Thank you!
In my experience the technology only attracts users, and the users determine the value. Same goes for Bitcoin, ETH, LTC, DASH, etc. Just because something might have "better" tech it doesn't mean that they're going to have any interest from outside sources and they may very well be valueless if no-one is interested in purchasing and using them.

Also the blockchain is only good for moving small parts of a larger thing (such as the Royal Mint using the blockchain to track gold fraction-trading) and it doesn't provide much security beyond that, that is more efficient and secure than other means.














 

 

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bgaf
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May 15, 2017, 01:26:04 AM
 #3

Hello! Can anyone help me on how to earn bitcoin. How to start with or use it. And what to do with it please.  Thank you and God bless!


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