I.T Professionals and bitcoin industry

[akihiko]

Hello guys, this is my first topic. Do you think i.t professionals or specialist has an advantage in bitcoin world? Why?

[intellicorepress]

Yes, and that's one of the biggest problems blockchain technology has to face: Most applications are made for users with an IT background, and not for the average Jane or Joe whose skills are limited to logging on to their Facebook or Twitter accounts. This is probably the greatest barrier to mainstream adoption.

[bob123]

Do you think i.t professionals or specialist has an advantage in bitcoin world? Why?

They definetely have an advantage. Simply because they already have the background knowledge.
This is not limited to bitcoin. People with background knowledge always have an advantage in a (new) topic.

Most applications are made for users with an IT background, and not for the average Jane or Joe whose skills are limited to logging on to their Facebook or Twitter accounts. This is probably the greatest barrier to mainstream adoption.

I honestly don't think this is a big barrier.
I agree with you that the (front end) design of quite a few wallets/services should be changed to match the intuitive handling of social networks, etc..
But this will definetely come in the future when more people get involved into crypto.

Another question is wether you really want to have people using crypto 'whose skills are limited to .. facebook or twitter .. '.
With a massive increase in (non-techy) users there will be also a massive increase in scammer. Funds will get stolen if people can't protect their private key / devices.
This would have quite a big (negative) impact on the whole crypto ecosystem.

[xyz_abc_def]

As an IT professional myself that's been working in the financial industry the last few years (card payments) I find cryptocurrencies very interesting, learning more and more every day and curious to see where it's going to be in the next few years. I started learning solidity and because I have experience programming I picked it up quite easily. There's still a lot of new concepts that one needs to get to grips with though.

[aleksej996]

Another question is wether you really want to have people using crypto 'whose skills are limited to .. facebook or twitter .. '.
With a massive increase in (non-techy) users there will be also a massive increase in scammer. Funds will get stolen if people can't protect their private key / devices.
This would have quite a big (negative) impact on the whole crypto ecosystem.

I would say that we definitely want everyone to use crypto.
Currencies are more useful when more people are using them.
Bigger the diversity of people using a currency, more self-sufficient that currency is as well.

Most IT professionals fall over themselves to keep moving with the times and as such they would not be
interested at all in Bitcoin because it's old and outdated.

Bitcoin is old for a cryptocurrency, but it is definitely not outdated.
The protocol, as well as client software is constantly being updated. Just recently we had a Segwit fork and not LN is being developed.
I don't think it makes sense to look at Bitcoin as single technology, as it is constantly being changed to something else when a new technology is proven good and useful.

[margarita_free]

Yep, of course! For example, i have my own project, and i really know, how i can do my small idea to global market,
and bitcoins helps me in it.
if i was not so professional in it, it will be very hard to understand, i haven't grow my idea...
So, bitcoin and it specialists - it is very good combination, that guy will earn good money

[manish9841]

Hello guys, this is my first topic. Do you think i.t professionals or specialist has an advantage in bitcoin world? Why?

Yes I am also a IT professional working in cybersecurity. I learnt about blockchain technology and now actively participate in bitcoin forum discussions. I have been doing some investment and bounty too. Right now I am involved with Merculet project, because I believe this is one of the very good project with top notch teams and advisors.

And I only put effort on those projects which are ranked and rated very well by experts.

[bob123]

I would say that we definitely want everyone to use crypto.
Currencies are more useful when more people are using them.
Bigger the diversity of people using a currency, more self-sufficient that currency is as well.

Your points are definetely right. But with a lot of naive users the percentage of stolen/'hacked' coins will rise heavily.
I honestly don't think we are ready yet for mass adoption.
Mobile wallets shouldn't be used to store 'big' amounts of crypto. While one could argue with only loading up balance for 1 or 2 days, this doesn't guarantees that people do not simply load up their whole wage on a mobile wallet.

Once the monthly wage is gone from a mobile wallet, those people will lose all trust into cryptos (even if their mobile is at fault).
A few of such cases would lead to a huge wave of criticism towards cryptos in general.

Mobile hardware wallets are a must for mass adoption. Wether a small smart card or a 'crypto chip' integrated into a mobile doesn't matter.
But convinience and security have to be combined in one device before people should starting doing all of their daily payments with BTC.

[cashberycoin.com]

Hello guys, this is my first topic. Do you think i.t professionals or specialist has an advantage in bitcoin world? Why?

Yes I am also a IT professional working in cybersecurity. I learnt about blockchain technology and now actively participate in bitcoin forum discussions. I have been doing some investment and bounty too. Right now I am involved with Merculet project, because I believe this is one of the very good project with top notch teams and advisors.

And I only put effort on those projects which are ranked and rated very well by experts.

Yep, very good words, sorry I have not merit now, but +1 to you  
I agree with that person, cause, about cryptocurrency people know a little, of course, bitcoin become famous from day to day
But in main mess, it is like some credits like from game...They didn't understand, what is cryptocurrency in usual day, so....
Of course, if you are blockchain specialist (especially, with it background), you have much more preferences

[Anti-Cen]

Once the monthly wage is gone from a mobile wallet, those people will lose all trust into cryptos (even if their mobile is at fault).
A few of such cases would lead to a huge wave of criticism towards cryptos in general.

I don't know for sure but so far Bitcoin itself seems to have held up quite well when it comes to security but as I understand it
if a lightning wallet transmits an out of date transaction to the network then the banking hub can claim all the money in the
off-chain private ledger.

Thing is who do you call if it was not your fault and how can you compete against bankers rules since they have full access to the
protocol that won't be available to normal wallets.

Down the road I see the hubs being attacked if they start taking peoples wages and they are all single points of failure so looking at the
LN map https://lnmainnet.gaben.win/ whats going to happen if one of these big hubs gets taken down by Annon

[HeRetiK]

Once the monthly wage is gone from a mobile wallet, those people will lose all trust into cryptos (even if their mobile is at fault).
A few of such cases would lead to a huge wave of criticism towards cryptos in general.

I don't know for sure but so far Bitcoin itself seems to have held up quite well when it comes to security but as I understand it
if a lightning wallet transmits an out of date transaction to the network then the banking hub can claim all the money in the
off-chain private ledger.

Only your direct counterparty can claim the collateral in case of a explicitely provoked channel state mismatch. Routing nodes along the way have no say in this. They don't even know who's sending how much to whom.

Thing is who do you call if it was not your fault and how can you compete against bankers rules since they have full access to the
protocol that won't be available to normal wallets.

No such thing as different kinds of access to the protocol. Both the protocol specification and the various LN implementations are open source and available to the public.

[cr1tbayman]

Really depends, if you wanna earn from coding than yes, if you wanna earn from promoting than no.

[DannyHamilton]

I don't know for sure but so far Bitcoin itself seems to have held up quite well when it comes to security

It has.

but as I understand it if a lightning wallet transmits an out of date transaction to the network then the banking hub can claim all the money in the
off-chain private ledger.

You have MANY false assumptions about how Lightning Network works.  These false assumptions lead you to post a lot of misleading nonsense.  This is just one more example of that.

Thing is who do you call if it was not your fault

Why isn't it your fault?  Take some personal responsibility for your actions. If you publish a stale state, it IS your fault.

That being said...  You can just call the person/business that you opened the channel with in the first place.

and how can you compete against bankers rules since they have full access to the protocol that won't be available to normal wallets.

More nonsense.  The protocol is public.  Use open source implementations.

Down the road I see the hubs being attacked if they start taking peoples wages

They can't take what isn't given to them.

and they are all single points of failure so looking at the LN map

If there is more than ONE, then (by definition) it can't be a SINGLE point of failure.

whats going to happen if one of these big hubs gets taken down by Annon

Nothing. They just won't be included in the route.

[NeuroticFish]

Hello guys, this is my first topic. Do you think i.t professionals or specialist has an advantage in bitcoin world? Why?

I see 3 big advantages IT professionals have in the Bitcoin world:

1. They can understand the background and get easier to believe that this is a good technology and a success. Together with the fact they do read the news, many got in early too.
2. I think that they can have a better chance to earn Bitcoin for the work they do (getting into Bitcoin is easier if you don't have to pay/buy). Also some may have become miners.
3. They can secure their funds better, having less change to get hacked and lost their funds.

[BitProNews]

Hello guys, this is my first topic. Do you think i.t professionals or specialist has an advantage in bitcoin world? Why?

I see 3 big advantages IT professionals have in the Bitcoin world:

1. They can understand the background and get easier to believe that this is a good technology and a success. Together with the fact they do read the news, many got in early too.
2. I think that they can have a better chance to earn Bitcoin for the work they do (getting into Bitcoin is easier if you don't have to pay/buy). Also some may have become miners.
3. They can secure their funds better, having less change to get hacked and lost their funds.

I would add number 4: They can build a success without being controlled by laws, rules, governments... the freedom offered by btc + daily technology progress can assume stability for projects backed by technology.

[reypinioco]

Hello guys, this is my first topic. Do you think i.t professionals or specialist has an advantage in bitcoin world? Why?

Not really becauese there will be no difference between a programmer and an investor,because bitcoin's code wont be changed by anyone.Only those core developers would be able to change the codes of bitcoin.As an investor you wont need programming skills to take profits from the market,you will just need to have some technical analysis background to get those potential gains.

[iconternal]

I think the advantages possessed in the bitcoin or crypto world is by creating a nice konios that can make a lot of profit and I think that's the advantage.

[rhayot]

Definitely yes if they are open to the cryptocurrency. They have more advantage to us because they studied technology but some of the I.T. professionals doesn't believe in bitcoin but they believe in blockchain. It is still depend to them on how they will use the bitcoin. But most of the bitcoin users nowadays are not technology professionals, some of them are out of school youth. It still depend to a person on how he or she understand the flow of bitcoin.

[kurdapyo]

YES they do
>TECHNOLOGY AND GADGET LITERACY is a great factor, we know that not all people are well literate when it come on  using different technology
>INTERESTED since they  are always facing their gadgets, they will always find a way how their skill will be useful.

[EvieeHist]

true, the deep knowledge treasury with intelligence and professionalism is needed to reach the development of the future of criptocurrency, besides it is poured on the results of technology products that support so that the bitcoin travel path will be well controlled.