Blockchain technology is not a trend

[chairmanMao]

This view will definitely make you regret it. Most people in the blockchain don't know, I don't know, but I know the importance of the blockchain. The blockchain will be ubiquitous in life. This kind of thinking will make you miss the wave of blockchain investment.

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[Gumpfire]

Many knew about bitcoin, less about cryptocurrency and very few about blockchain technology. I really believe that blockchain technology can help so many process in private companies and even government agencies. This technology can lessen corruption and streamline the process in order to be accomplish faster. God bless blockchain.

I think a lot of people knew about blockchain technology, bitcoin and cryptocurrency because many people are advertising it in social medias like facebook, twitter, YouTube and many more, and also a lot of people are encouraging their friends and family to invest their money crypto. So blockchain technology and bitcoin will be soon to accept by the government.

[airdropcoin]

I think you must not understand the blockchain. Blockchain must be a new great technological revolution for mankind. Just as the Internet did not appear, many people did not know the Internet. Blockchain is the best discovery of the 21st century.

[Ranly123]

Talk to an average person, and 9.9 times out of 10, they’ll have no idea what blockchain is, with the exception of maybe Bitcoin. If they do know, it’s surface level details at best.

When a trend emerges, some people don’t want to wait to see how things play out — especially when there’s money to be made. Perhaps this story can be an example:

Remember the massive excitement Bitcoin last year? Speculative investment exploded. As the price soared, it gained public appeal. And legitimacy. And a lot of people made a lot of money, very fast.

Then the price dropped by 50%.

By the time Bitcoin’s value plummeted, it seemed like most people had lost faith. But that “lost faith” reaction really only happened among those who had jumped into space at the last minute, hoping to enjoy Bitcoin’s climb. People with knowledge of blockchain and cryptocurrencies saw this coming— in some way, shape, or form. Active participants in the emerging industry were hardly surprised by the plummet in price that followed. These are “growing pains” that arise with any new technology.

Unfortunately, that patience was not widespread. Many people who jumped into the industry looking to make a quick buck ended up jumping back out at its lowest slump. They chalked their ill-timed participation as the fault of blockchain being a “trend,” opposed to looking at the long-term nature of what it means to build something globally impactful — and the rising (and falling) tides that come with such a massive undertaking.

This is why, as markets begin to recover (and they already have), and new variations of blockchain technology cement themselves into our everyday lives, everyone from general consumers to high-profile investors need to have a firm understanding of the tech.

I think you're right about this, most people did not know what blockchain technology is. As what I understand, it is because of lack information drive to educate them about this trend. Also, it is because of the risk to invest in blockchain yet we have to instill that risk comes with opportunity to have a good profit in their investment.

[ajaymukund]

 I think the transaction will not be too difficult for us. Because the world is becoming more modern, it is normal to move from one wallet to another. It is difficult for very few people in remote places. I still appreciate the technology market creates blockchain but it was being used excessively.

[zoeylee]

Most of the people knows about the price value of a cryptocurrency but never understand its true technology and this is why many people are panicking. If this technology fully understand by the investors I’m sure we will go high as expected.

Yes i do agree, if all investors know and understand this technology it will go far and well developed but I think it's not yet too late.

[paparexon0414]

I agree that blockchain technology is not a trend, because its a important understanding that needed to know deeper. As for me, trend is a kind of thing that in a snap people would be easily adopt and will be popular in an instant but sooner or later will loss its popularity. As 5o blockchain technoly, before adopting it, we should learn about its basic that for some would be boring but soon enough as they go deeper on its meaning and the benefits they can get from it,they will totally want to be part of this method

[KesoNie]

I agree that blockchain technology is not a trend, because its a important understanding that needed to know deeper. As for me, trend is a kind of thing that in a snap people would be easily adopt and will be popular in an instant but sooner or later will loss its popularity. As 5o blockchain technoly, before adopting it, we should learn about its basic that for some would be boring but soon enough as they go deeper on its meaning and the benefits they can get from it,they will totally want to be part of this method

Me too, I agree blockchain technology is not a trend because if something is become trend it means it only become popular immediately and its depend its popularity because as long as many people believe then it will last but since many new trend are came possible it will not be trend anymore. Blockchain technology needs an understanding because its not like that easy to think because its needs enough knowledge before you will understand it.

[Dimas99]

right what you say about blockchain is an economic system that uses the development of technology and the era if the blockchain can become a trend that maybe the system used will be needed by everyone

[mazdafunsun]

Most people do not know what block chain is ad thy wont in near future, blockchain istechonolgy which already is being implemented by working bussineses around the globe.
And these people wont know how it works and what it is in future also , it is the same as in programming.

[Gabali126]

If you argue that blockchain technology is still not a trend, then you have not really been following up with news for n different platforms and also on social media. This is something everyone is very keen on learning about now. Some academia in the financial and economic fields are also beginning to give it attention.

[agentx44]

Talk to an average person, and 9.9 times out of 10, they’ll have no idea what blockchain is, with the exception of maybe Bitcoin. If they do know, it’s surface level details at best.

When a trend emerges, some people don’t want to wait to see how things play out — especially when there’s money to be made. Perhaps this story can be an example:

Remember the massive excitement Bitcoin last year? Speculative investment exploded. As the price soared, it gained public appeal. And legitimacy. And a lot of people made a lot of money, very fast.

Then the price dropped by 50%.

By the time Bitcoin’s value plummeted, it seemed like most people had lost faith. But that “lost faith” reaction really only happened among those who had jumped into space at the last minute, hoping to enjoy Bitcoin’s climb. People with knowledge of blockchain and cryptocurrencies saw this coming— in some way, shape, or form. Active participants in the emerging industry were hardly surprised by the plummet in price that followed. These are “growing pains” that arise with any new technology.

Unfortunately, that patience was not widespread. Many people who jumped into the industry looking to make a quick buck ended up jumping back out at its lowest slump. They chalked their ill-timed participation as the fault of blockchain being a “trend,” opposed to looking at the long-term nature of what it means to build something globally impactful — and the rising (and falling) tides that come with such a massive undertaking.

This is why, as markets begin to recover (and they already have), and new variations of blockchain technology cement themselves into our everyday lives, everyone from general consumers to high-profile investors need to have a firm understanding of the tech.

It's true that blockchain technology is still not a trend because even a lot of people knew about bitcoin and other cryptocurrencies from social media advertisements, they still don't know about blockchain technology. I think blockchain technology will start to become a trend if everyone in the world will be having cryptocurrency or of the government in all countries will start to accept cryptocurrency.

[tanxpresisit514]

This view will definitely make you regret it. Most people in the blockchain don't know, I don't know, but I know the importance of the blockchain. The blockchain will be ubiquitous in life. This kind of thinking will make you miss the wave of blockchain investment.

In the end the government knew how important the blockchain was. Blockchain technology can be applied everywhere in life, both in private companies and government institutions. Blockchain can reduce corruption and increase efficiency so the results get better.

[gelinshidong]

I don't agree with your point of view. Perhaps the cryptocurrency is just hype. But the blockchain must be a trend, but this trend looks small at the moment, but the impact of the blockchain in the future is huge. Many industries will change because of the blockchain.

[AKBonen]

The term blockchain is most often used to describe a ledger technology, not a specific product or solution. A blockchain solution will have the same common denominators such as being distributed and underpinned by cryptography and having some form of consensus mechanism. However, there are various blockchains that come in public, permissioned or private versions. Today, there are dozens of different protocols, considered as blockchains and can be classified as distributed ledger technologies. Some are similar while others differ greatly from one another. Each blockchain solution will have specific advantages and disadvantages for the specific use, different use cases and applications. Blockchain technology is indeed important, but it seems largely incomprehensible to ordinary mortals, even though the web teems with attempts to explain it. This is partly because cryptography lies at its core, and since crypto involves complex mathematics it therefore lies beyond the ken of most people.

[Altf4]

Blockchain technology, it maybe a trend to todays bussiness requirement because this technology wad been used by bitcoin technology in which it results into a quality results and output ,so there will be possibililty that this blockchain technology could be trend and useful to the economy and different businesses.

[patarfweefwee]

To be honest, in the beginning i myself think that blockchain technologies wouod solely be with Crypto currencies exclusively. But then the potential uses for this specific technology is endless. It could very well be a flexible and transparent tool that we could use in different aspects of recording and who knows, maybe outside that.

[drachman]

I think you must not understand the blockchain. Blockchain must be a new great technological revolution for mankind. Just as the Internet did not appear, many people did not know the Internet. Blockchain is the best discovery of the 21st century.

Cryptocurrencies share many aspects with the internet, the internet is a very complex network and if you tried to explain the Internet a few decades ago to the people they will believe that you were crazy, but now the Internet is everywhere and no one thinks about its technical aspects they only care about what they can do with it, and something similar will happen with cryptocurrencies, what happens is that we are a few decades too early for that to happen.

[Incodium Coin]

Yes, blockchain technology is much more than cryptocurrency. The potential application of blockchain technology is grand. Governments and companies are researching ways to use this technology to streamline production and service industry.

[niteroy]

The fact is that blockchain technology is still a trend and continues to evolve and be applied in various sectors of the economy. This is an advanced technology, the benefits and advantages of which are understood by many entrepreneurs, bankers, government officials and ordinary people. It is not necessary that the development of blockchain technology should move in parallel to Bitcoin and other cryptocurrencies.