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Author Topic: Blockchain technology or pure speculation?  (Read 245 times)
mondrany (OP)
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January 24, 2018, 09:33:59 PM
 #1

Are you interested in BTC for the mere fact that the price has been going up since its inception and you think it will enable to make a huge profit or you are interested because you know that the technology behind BTC (blockchain) will change the way the financial world works?
Jeremycoin
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January 24, 2018, 09:42:08 PM
 #2

Both. Even tho I've been here since before the price rocketed up.
And as they say that Bitcoin is a "revolutionary" online currency that, instead I want to be the first one to know, understand, and use it. Frankly, the profit part doesn't actually affect me on my interest to this world. I mean despite the fact that price has always been going up, what can you really expect from it?

faucet used to be profitable
mondrany (OP)
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January 24, 2018, 09:52:16 PM
 #3

Both. Even tho I've been here since before the price rocketed up.
And as they say that Bitcoin is a "revolutionary" online currency that, instead I want to be the first one to know, understand, and use it. Frankly, the profit part doesn't actually affect me on my interest to this world. I mean despite the fact that price has always been going up, what can you really expect from it?

Thanks Jeremy! What if the price of BTC plummets down, would you still be interested in learning more and more about the technology behind it? Also, what other industries do you see BTC taking over?
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January 24, 2018, 09:57:29 PM
 #4

Blockchain technology is a revolution in our century. Even if the price of bitcoin plummets down to the very bottom I would still be interested to use it. Real life scenarios where you can use bitcoin without showing your identity are a lot. In this age that we are living full of technology safeguarding your identity is top priority as if not safeguarded as you should hackers can get it and use it for evil purposes. Whenever you enter your email in every website you register for a service there is a high risk your email is immediately send to spammers who have paid for collecting email addresses. Blockchain technology and bitcoin does this, give you a upper hand in safeguarding your identity while transacting with bitcoin and cryptos that are based on blockchain technology.

Calling it a speculation looks dumb to me after this technology has been proving itself during these last 8-9 years.

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CyberKuro
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January 24, 2018, 09:57:56 PM
 #5

Blockchain has a lot of potentials, it's not just bitcoin but there are many other altcoins using its own modified blockchain.
The first time I knew about bitcoin which meant to be an alternative currency, it's amazing technology and considers the price as the potential of bitcoin as a better monetary system. People are used to the advantages of bitcoin but it has changed since more adopters get into crypto-world.
Blockchain simply can't afford too many transactions in every second which is an indication more people attracted to bitcoin right now, but on the other side, it makes bitcoin lose the utility appeal since we have to pay higher fees and waiting for a long time for the transaction to be confirmed. Most people get into bitcoin because of the price and treat it as speculative object to make money.
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January 24, 2018, 10:03:06 PM
 #6

I'm really curious about how many people actually understand how this technology works.
So, to answer your question, I think most are here for the increase.
mondrany (OP)
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January 24, 2018, 10:07:57 PM
 #7

Blockchain technology is a revolution in our century. Even if the price of bitcoin plummets down to the very bottom I would still be interested to use it. Real life scenarios where you can use bitcoin without showing your identity are a lot. In this age that we are living full of technology safeguarding your identity is top priority as if not safeguarded as you should hackers can get it and use it for evil purposes. Whenever you enter your email in every website you register for a service there is a high risk your email is immediately send to spammers who have paid for collecting email addresses. Blockchain technology and bitcoin does this, give you a upper hand in safeguarding your identity while transacting with bitcoin and cryptos that are based on blockchain technology.

Calling it a speculation looks dumb to me after this technology has been proving itself during these last 8-9 years.

I agree that calling it speculation looks dumb at this stage  but most of the people that got in since last Dec are in for pure speculation purposes.
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January 24, 2018, 10:16:23 PM
 #8

Sure it will and not only financial.We have Bankera ico first blockchain-era bank
It will start in Europe,Today polish giant bank Pekao SA announce he is interested becouse technology is running fast.Giant mega banks like JP never will like blockchain but smaller yes.Europe is much more open
for blockchain tech.USA wants to keep everything as it was

 
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MGmahesh
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January 24, 2018, 10:30:00 PM
 #9

Are you interested in BTC for the mere fact that the price has been going up since its inception and you think it will enable to make a huge profit or you are interested because you know that the technology behind BTC (blockchain) will change the way the financial world works?
I think this will be profitable, blockchain technology is one of the elements exist bitcoin so much in demand and won the trust of the world community, because the level of security is high. about price rises and price reductions I do not think it's absolute because of blockchain, blockchain plays a role in helping bitcoin stay and move on. and we can not completely rely on it, but have to see and observe the changes that occur in the market, because there are times when people can get stuck because they do not know the time and the right opportunity to choose and make a profit. at least blockchain has contributed a lot to change the way finance work in the world making it more productive, time-saving and easy.
Rozita
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January 24, 2018, 10:34:38 PM
 #10

Honestly I am in cryptocurrencies world to earn money. I am also aware of its usage in financial system and I am really interested in. But that's not why I am in this world. Because for now it's not possible to buy any thing with bitcoin in my country.
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January 24, 2018, 11:24:57 PM
 #11

Are you interested in BTC for the mere fact that the price has been going up since its inception and you think it will enable to make a huge profit or you are interested because you know that the technology behind BTC (blockchain) will change the way the financial world works?

Came for the profits, stayed for the technology. First I completely dismissed Bitcoin. Then its price increase made me re-evaluate my assumptions. And then I got utterly hooked on the technology and its ecosystem. Once I understood what Bitcoin was all about it was the first technology to excite me for years. So I got in. And now I'm here. Watching either one of mankind's greatest achievements or biggest flukes unfold.

I have to say though that the blockchain is one of the least interesting aspect of cryptocurrencies. Reaching decentralized consensus despite conflicting incentives is what makes it revolutionary. Stripping the consensus aspect apparently makes it easier to repackage and sell however, not sure if this way of thinking is going to lead anywhere useful though.
Mdali King
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January 24, 2018, 11:35:46 PM
 #12

Blockchain technology is compromised and hackers are working hard at getting access to people's hard earned cryptocurrencies. Yesterday I was lucky to be a part of a very innovative webinar with Mr Lance Parker, Founder and CEO at ConnectX. They offer a highly secure transmitting process and wallet storage that is highly secure without the use of the internet. Find out more on  www.connectx.com/webinar
Klestar
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January 24, 2018, 11:40:32 PM
 #13

I do believe both on what you have questioned. First i heard about bitcoins is when its price is rising up wellnin fact because of blockchain technology then i studied the blockchain and made me more interesting when i learned it on how it works. We cannot deny the fact that we are interested on bitcoin's price and the profit we can make out of it.
Shamie1002
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January 24, 2018, 11:41:50 PM
 #14

Are you interested in BTC for the mere fact that the price has been going up since its inception and you think it will enable to make a huge profit or you are interested because you know that the technology behind BTC (blockchain) will change the way the financial world works?

I was here before pumps even started. But honestly, at first I was here for quick bucks. I thought when I can start signature campaigns, I can cash out it easily and I will be  satisfied.
Further I realized that there is more in bitcoin. Decentralization and not just monetizing.
I am still hoping for developments
farhaan
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January 24, 2018, 11:52:54 PM
 #15

Are you interested in BTC for the mere fact that the price has been going up since its inception and you think it will enable to make a huge profit or you are interested because you know that the technology behind BTC (blockchain) will change the way the financial world works?
I would say that for both the reasons I'm here. Bitcoin has revolutionized the financial world and at the same time, it's the only investment in the world today which could give very high returns in a very small span of time.

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ChiBitCTy
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January 25, 2018, 12:03:59 AM
 #16

I’m interested in Bitcoin for the same reasons I fell in love with it some 3+ years ago. BTC itself as a payment system is revolutionary and likely the way money is headed, period, IMO. Now Blockchain is something entirely different and revolutionary in its own way. In fact, Blockchain has a higher ceiling than Bitcoin itself. The price rise has been a nice bonus to multiple new technologies I support heavily.

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High fees = low BTC price


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January 25, 2018, 12:29:12 AM
 #17

Are you interested in BTC for the mere fact that the price has been going up since its inception and you think it will enable to make a huge profit or you are interested because you know that the technology behind BTC (blockchain) will change the way the financial world works?

The second part, I am not a slot machine player and Bitcoin with it's magical block chain won't scale
and will be replaced with a block chain that will scale instead of budging it with something like Lightning Network
and trust me you don't want that because it is full of banking hubs

CPU-Wars between miners is a joke and is not need and other coins (Not ETH) can manage without it and they
scale but they implement BC using another number of methods but keep playing the slot machine, never sell and just buy
if you cannot reach a obvious conclusion here.

Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
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January 25, 2018, 02:18:37 AM
 #18

Of course, the economic incentive is very important but the clear technology that is going to change the world I like to be against the big powerful ones like the banks and governments that want to control us in all that is why bitcoin is for libertarians.

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January 25, 2018, 02:25:47 AM
 #19

Are you interested in BTC for the mere fact that the price has been going up since its inception and you think it will enable to make a huge profit or you are interested because you know that the technology behind BTC (blockchain) will change the way the financial world works?
I am more interested in the technology. Technology itself creates profits for us humans. The concept of blockchain is very good and the evidence is even banks look at the cryptocurrency market as a threat.
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January 25, 2018, 03:48:51 AM
 #20

Are you interested in BTC for the mere fact that the price has been going up since its inception and you think it will enable to make a huge profit or you are interested because you know that the technology behind BTC (blockchain) will change the way the financial world works?
A first when I first heard of bitcoin I was intrigued by the technology but I thought that such a thing will not go far, oh boy how mistaken I was, after some time I heard about bitcoin again and I began checking the price, this was after the crash caused by Mt Gox, but I was still impressed by the price it had at that point, I realized bitcoin was unstoppable and that it was better for me to get in before it reached huge prices. So you can say that I am in bitcoin for both reasons, the tech and the price.
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