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Author Topic: Does bitcoin important in blockchain world ?  (Read 236 times)
nursahath07
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December 17, 2017, 01:21:52 PM
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Actually people don’t know so much  about blockchain but they love and they have strong feeling for blockchain. People are infatuated on blockchain. People start their journey with blockchain that lead to bitcoin and day by day it earns a strong feeling on digital currency which help the people for earning money at any situation. Now this is much more excited in virtual currency and also popular like other national or international or local currency  without doubt is so much important and interrelated to blockchain world.
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December 22, 2017, 08:59:43 PM
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Actually people don’t know so much  about blockchain but they love and they have strong feeling for blockchain. People are infatuated on blockchain. People start their journey with blockchain that lead to bitcoin and day by day it earns a strong feeling on digital currency which help the people for earning money at any situation. Now this is much more excited in virtual currency and also popular like other national or international or local currency  without doubt is so much important and interrelated to blockchain world.

Yes bitcoin is very important in the blockchain world as the digital currency existed as a result of blockchain Technology. it actually serve as  a point of starting  for the bitcoin among the cryptocurrencies.

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December 22, 2017, 09:25:32 PM
 #3

In general terms, Yes bitcoin is important in blockchain world where blockchain is large used ifor cryptocurrencies so all deposits and cash outs should be made by/with bitcoin. If all the branches in the economy continue the adoption of the blockchain technology than bitcoin will not keep its importance within few time. The blockchain world is more large than cryptocurrencies and this is what technology willing to reach.
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December 22, 2017, 09:35:10 PM
 #4

Bitcoin is the reason that the blockchain is in existance, so yes (of course) Bitcoin is going to be something that is looked upon in the blockchain world. The main reason that people are more interested in the Blockchain rather then Bitcoin is that they're trying to make themselves money and provide transparency in the work that they do, this is the reason that a lot of people want banks to start using the blockchain.

So yes, it is very important.

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December 22, 2017, 09:47:14 PM
 #5

Not only is it important it plays an integral and vital role in how beginners understand the industry. When I first got into Bitcoin it was because I knew about Bitcoin not because of altcoins, or because of cryptocurrency, or cryptography, or "mooning". None of those I knew about all I knew was Bitcoin existed and it seemed awesome and from there we gain and expand our knowledge about blockchains.

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January 05, 2018, 04:23:02 PM
 #6

Actually people don’t know so much  about blockchain but they love and they have strong feeling for blockchain. People are infatuated on blockchain. People start their journey with blockchain that lead to bitcoin and day by day it earns a strong feeling on digital currency which help the people for earning money at any situation. Now this is much more excited in virtual currency and also popular like other national or international or local currency  without doubt is so much important and interrelated to blockchain world.

is very important I think because bitcoin is now quite famous in the world of blockchain and also bitcoin is the most valuable coins now, it would be strange if bitcoin no longer partake in the world crypto
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January 05, 2018, 04:48:16 PM
 #7

I think Bitcoin stands as backbone of the whole crypto currency. So yeah it is very much important and the backbone is in terms of market capitalism. Whatever money drives into the crypto currency is all because of BTC or at least more or less via BTC to other alts. Major crypto enthusiasts always buy BTC first and then they go for buying the other crypto currencies. This is big thing for the rest of the community and that is how the market of BTC is growing. Whenever there is ICO projects or miscellaneous way of investing money then they are created first on ETH blockchain but later on the same coin or token is majorly traded for the BTC. So you see this is how BTC is important for the whole community.
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January 05, 2018, 05:22:59 PM
 #8

very important,, a lot of people who know more about bitcoin than the blockchain. and I think bitcoin has made a blockchain is getting better.

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January 05, 2018, 05:29:24 PM
 #9

very important,, a lot of people who know more about bitcoin than the blockchain. and I think bitcoin has made a blockchain is getting better.


Hey bitcoin is the crypto currency dude not a technology. You seems no knowledge to understand what is bitcoin and what is blockchain. So you please read about these in the Google search or the available information on Youtube and all.
Then only you will be able to understand the difference. In blockchain ledger first added crypto currency in bitcoin only and there is completely evolved around the blockchain bro.

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January 05, 2018, 06:11:26 PM
 #10

Yes it is very useful in today's people life people love bitcoin very much like their own currencies it is due to the development of bitcoin's value in a short period and investing in bitcoin gives a good profits for their later use .

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January 05, 2018, 06:41:37 PM
 #11

Actually people don’t know so much  about blockchain but they love and they have strong feeling for blockchain. People are infatuated on blockchain. People start their journey with blockchain that lead to bitcoin and day by day it earns a strong feeling on digital currency which help the people for earning money at any situation. Now this is much more excited in virtual currency and also popular like other national or international or local currency  without doubt is so much important and interrelated to blockchain world.

Bitcoin is make blockchain blockchain. people know about bitcoin  more than blockchain.

blockchain started from 1990’s and only known after 2010
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January 05, 2018, 07:05:18 PM
 #12

Without bitcoin there likely is no blockchain at least not this version which we have now. The inception coin would have probably been something else then and the world would be completely altered. It is pretty funny that bitcoin started this whole thing yet noobs of late literally have zero knowledge about the whole industry and are trying to invest. Makes me feel like a savvy pro and that is not even kinda close to the truth lol.

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January 05, 2018, 07:33:48 PM
 #13

I do not understand what you mean, but yes of course bitcoin plays an important role in the world of blockchain I think, because he is the first digital currency. so he has a lot of influence in the world of blockchain. for example if bitcoin price increases /decrease.of course will effect on other currencies.

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January 05, 2018, 09:48:24 PM
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very important,, a lot of people who know more about bitcoin than the blockchain. and I think bitcoin has made a blockchain is getting better.


Hey bitcoin is the crypto currency dude not a technology. You seems no knowledge to understand what is bitcoin and what is blockchain. So you please read about these in the Google search or the available information on Youtube and all.
Then only you will be able to understand the difference. In blockchain ledger first added crypto currency in bitcoin only and there is completely evolved around the blockchain bro.
Yeah, blockchain is the new technology behind the bitcoin. Bitcoin is the major invention on blockhain technology and that is why blockchain is so popular. And I don't see there is any new invention coming anytime soon build on blockchain technology that will be bigger than bitcoin or cryptocurrencies in general. 

 
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January 05, 2018, 09:54:22 PM
 #15

Actually people don’t know so much  about blockchain but they love and they have strong feeling for blockchain. People are infatuated on blockchain. People start their journey with blockchain that lead to bitcoin and day by day it earns a strong feeling on digital currency which help the people for earning money at any situation. Now this is much more excited in virtual currency and also popular like other national or international or local currency  without doubt is so much important and interrelated to blockchain world.

It is indeed inportant in blockchain world, without a doubt bitcoin serves as the barometer in all cryptocurrency that is why every trading site has bitcoin in their exchanges and the fee for the blockchain is through bitcoin. Which means bitcoin really is essential in digital currency which is the counterpart of dollar in real world.

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January 05, 2018, 11:07:14 PM
 #16

Blockchain is becoming a buzzword everyone uses. But I think that few know what "blockchain" means or comprehend its significance(including myself   Smiley).

The impression I get is: blockchain is a better mousetrap. The software design and implementation of blockchain as a banking system is cheaper and better in several different ways in comparison to traditional (and very old) banking systems which utilize ACH's (automated clearing houses). I'm not an expert or super knowledgeable on financial or banking systems, but that's the best I can come up with and I would very much like to see someone correct me or provide a better explanation for why blockchain could represent a next generation banking system.

Reasons for blockchain being significantly better could be its design shift towards trustless systems which cut down on the amount of manpower required to carry out an average number of transactions. In that sense, blockchain could sever middle men from the business plan similar to what amazon and to a lesser extent, walmart achieved.

Anyways, I wish someone would chime in here. This could be an interesting discussion/debate in the making, even on a superficial level.

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January 06, 2018, 01:23:16 AM
 #17

  Bitcoins as blocks in the chain of the first COINS, meaning is very special, and occupies a very important role in the block chain, many people use the bitcoins price has been rising, many imitators have been chasing the footsteps of the currency, in a very long period of time, bitcoins industry status will not be shaken.
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January 06, 2018, 03:40:58 AM
 #18

blockchain is the  reason why bitcoin still exist. blockchain technology now adopted and modified to make more fast transaction or used with other coins, thats why bitcoin cant leave blockchain, its my opinion


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January 06, 2018, 03:53:02 AM
 #19

I think yes its important because its the basis of all blockchain projects from the beginning if in the future that new kind of blockchain technology will arise still bitcoin plays an important role in a blockchain ecosystem.


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January 06, 2018, 04:30:08 AM
 #20

Actually people don’t know so much  about blockchain but they love and they have strong feeling for blockchain. People are infatuated on blockchain. People start their journey with blockchain that lead to bitcoin and day by day it earns a strong feeling on digital currency which help the people for earning money at any situation. Now this is much more excited in virtual currency and also popular like other national or international or local currency  without doubt is so much important and interrelated to blockchain world.

First we have to understand that blockchain is the underlying technology behind bitcoin. Without blockchain there wouldn't be bitcoin. So they are really related to one another. However, I don't know if people started their journey with blockchain initially, that lead them to bitcoin. From my own experience, I started with bitcoin and learn the technology behind it and learn to appreciate this lovely technology. And if you took a closer look at this technology, one of the industry that will really take advantage of it is the banking system. However, banks I'm not sure what going on behind the scene, because if this is really implemented, the current model of the banking system will changed a lot, like reducing its employees, because blockchain will greatly reduced paper work, impacting a lot of people working in the banking industry. And maybe this is one reason why banking industry is very slowly adopting blockchain.

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