Prince Malik
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August 12, 2018, 11:36:03 PM |
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Yes there is really no way to use bitcoin without internet but this is really not a problem...The Internet is widely available and we do not need to worry about it
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cryptoblazter
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August 12, 2018, 11:44:14 PM |
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why i made a title like that because basically the internet has the same properties with bitcoin ie:
1. Equally made by humans if bitcoin was made in 2009 by Satoshi Nakamoto, while the Internet was created from a computer network established by the US Department of Defense in 1969.
2. The first equation between Bitcoin and the Internet is that Bitcoin is an efficient, decentralized and moving infrastructure based on protocols open to the public.
and for the difference include:
Bitcoin does not transfer data packets in a dynamic network and circuitry like the one on the internet, but builds trust among users to run its systems efficiently and decentralized.
Although you can argue that the ledger, Bitcoin is "central", it is actually created through decentralized mechanical consensus.
how do you think it all?
It's really not possible to compare the two. Better if we relate them. Bitcoin needs internet to prosper. Without internet bitcoin is nothing simply bitcoin is a digital coin. The primary requirement for bitcoin transation you must have internet connection. |
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Soots
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August 12, 2018, 11:48:07 PM |
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why i made a title like that because basically the internet has the same properties with bitcoin ie:
1. Equally made by humans if bitcoin was made in 2009 by Satoshi Nakamoto, while the Internet was created from a computer network established by the US Department of Defense in 1969.
2. The first equation between Bitcoin and the Internet is that Bitcoin is an efficient, decentralized and moving infrastructure based on protocols open to the public.
and for the difference include:
Bitcoin does not transfer data packets in a dynamic network and circuitry like the one on the internet, but builds trust among users to run its systems efficiently and decentralized.
Although you can argue that the ledger, Bitcoin is "central", it is actually created through decentralized mechanical consensus.
how do you think it all?
It's really not possible to compare the two. Better if we relate them. Bitcoin needs internet to prosper. Without internet bitcoin is nothing simply bitcoin is a digital coin. The primary requirement for bitcoin transation you must have internet connection. Without internet bitcoin is nothing and you're holdings is worthless if your internet network isn't stable enough to cater all your bitcoun transactions. Most importantly the miners should have strong network communications, because every nodes of a transactions should have an exact performance in handling the fund running through the network. Those requirements is the very most important aspect on bitcoin to run smoothly. |
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Labajah
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August 12, 2018, 11:49:07 PM |
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why i made a title like that because basically the internet has the same properties with bitcoin ie:
1. Equally made by humans if bitcoin was made in 2009 by Satoshi Nakamoto, while the Internet was created from a computer network established by the US Department of Defense in 1969.
2. The first equation between Bitcoin and the Internet is that Bitcoin is an efficient, decentralized and moving infrastructure based on protocols open to the public.
and for the difference include:
Bitcoin does not transfer data packets in a dynamic network and circuitry like the one on the internet, but builds trust among users to run its systems efficiently and decentralized.
Although you can argue that the ledger, Bitcoin is "central", it is actually created through decentralized mechanical consensus.
how do you think it all?
As my opinion, bitcoin needs and internet to run the transaction successfully. Because bitcoin is a digital money currency that runs to the block chain that needs an internet. |
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Onecrypto18
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August 12, 2018, 11:51:13 PM
Last edit: August 13, 2018, 12:14:11 AM by Onecrypto18 |
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Internet and Bitcoin are not really equal, and there is no need equating the two. Bitcoin is money. Be it digital money or digital currency or whichever you prefer which can be used as a medium of exchange. Internet on the other had is just a network of computers connected together.
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Shiro21
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August 12, 2018, 11:58:14 PM |
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Bitcoin is similar to the internet. For someone, the internet is not owned by anyone, so anyone can use it at will - there is no gatekeeper. This is also called 'decentralization'. Bitcoin supports 'unlicensed innovation' which allows many people to build companies and applications on the internet so that the product is growing rapidly. Lastly, Bitcoin is interoperable - meaning like email and the internet, my Bitcoin and your Bitcoin all work in the same system, Bitcoin is a global cash transaction, and when viewed from a certain point of view, Bitcoin is the first global currency in the world.
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ngamuk tok
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August 13, 2018, 12:04:53 AM |
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I think the nature of the internet and bitcoin is the same.
Kelly compared Bitcoin to the early Internet companies of Cisco and Microsoft, considering the similarities between Bitcoin and Cisco's routers and Internet protocols. However, Kelly emphasized that it is not right to think of Bitcoin as a company or a stock:
"This is an open source software, you can not think of it as a company, and people make a mistake about it. This is not a stock, it's not a company."
you're right, don't look at bitcoin as a currency or a company, see bitcoin as digital gold. yes digital gold, just like real gold but this one is in digital form. rather difficult to explain  :  |
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Baekhyun
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August 13, 2018, 12:08:48 AM |
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technically bitcoin is indeed similar to the internet, no one has bitcoin and anyone can use it. if there is no internet then there is no bitcoin, bitcoin's dependence on the internet is huge.
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MTNAX
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August 13, 2018, 12:37:39 AM |
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It's true that bitcoin is the same as the internet, because bitcoin is very dependent on the internet. The existence of the internet opens an easy way to invest in bitcoin and maybe if there is no internet bitcoin will not be what it is today because the internet has a big influence on bitcoin. So with the internet anyone can use bitcin.
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poletando
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PlayGame.com
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August 13, 2018, 12:45:35 AM |
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I don't know that bitcoin and internet are same, as I know that bitcoin is work because if internet, without any internet bitcoin can't work, can't send the bitcoin, can't check the balance, and anything else, so internet is like the bitcoin life
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warrior.coins22
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August 13, 2018, 01:37:15 AM |
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and BTC will always be there as long as the INTERNET is still there. as a connecting network that is always needed by users. I can't think if there is no internet. thanks
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nikki4
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August 13, 2018, 01:46:38 AM |
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At first sight to this equation, the comparison is obviously not equal of course. But to say that the idea is there but not just shows properly. I get what you want to say that without the use of the internet, there is not access to Bitcoin too, since Bitcoin cannot be generated offline. Internet is the core buddy of Bitcoin.
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preikaler
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August 13, 2018, 01:50:38 AM |
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I know bitcoin can be run only if there is internet and that is the reason in virtual money because bitcoin is not fiat money so as long as there is internet bitcoin will continue to exist and develop with increasing trust in bitcoin
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aryaadikariyansyahsuwarto
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This Is Promissing Project
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August 13, 2018, 01:50:47 AM |
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in my opinion it cannot be equated, because from the point it is different, the internet is a network to communicate with the world, so that everything we can see from the internet, and the internet is a way to do whatever we like in cyberspace. whereas bitcoin is a digital currency, which only lives through the internet, if the internet dies then bitcoin will die, but if bitcoin dies, then there is no effect on the internet ... it looks like you have to learn again, because things that are clearly different cannot be equated .. !!
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ayambawang
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August 13, 2018, 02:06:20 AM |
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yes I agree btc and the internet are the same as a system created by humans, both of them have the purpose to facilitate human life to be more efficient but what I know for sure, btc requires internet, in the way it works, without the internet it seems impossible to access it, and it becomes important points where btc has not become a global system because in every country there are still areas that have difficulty accessing the internet, and that has become one of the obstacles, there are still many people who do not understand the internet if that is how they understand btc
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Phan Long
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August 13, 2018, 02:11:32 AM |
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I see what you say looks quite right. But in my opinion, man-made Bitcoin is simply an algorithm, but it's a bit more complex. Seeing Bitcoin as the Internet made me wonder whether Bitcoin was completely dependent on the Internet. We use the Internet to dig, search Bitcoin. Looks like it depends entirely on each other but I do not see that.
I think Bitcoin is completely separate from the Internet.
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KrishaBitcoin
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W12 – Blockchain protocol
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August 13, 2018, 02:24:40 AM |
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I think Internet and Bitcoin currency are not equal because Internet if without Bitcoin but still Internet will exist but Bitcoin without having an internet then Bitcoin will not exist. Internet was first made to establish communications but Bitcoin was created as purely as an investment to earn more fiat.
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maydna
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August 13, 2018, 05:49:57 AM |
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I don't know that bitcoin and internet are same, as I know that bitcoin is work because if internet, without any internet bitcoin can't work, can't send the bitcoin, can't check the balance, and anything else, so internet is like the bitcoin life
yes, I agree with. bitcoin is only part of the internet and it's not the same. bitcoin can give us a way to make money, but the internet is a way that shows to us that there are many things that can we use to make money. the internet gives us huge information for each way that we use and it depends on us, what way that we want to use to make money. we can use one way to make money, but there is a lot of way that we can use so we can have many sources that can help us to make money. |
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maianh09
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August 13, 2018, 05:53:28 AM |
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The Internet is the life of Bitcoin, and Bitcoin exists thanks to the internet or local area network. When connected computers create links and create links between devices, they help to develop blockchains, and this initiates the Bitcoin ecosystem. So the Internet is the source of Bitcoin.
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dilemamis
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August 13, 2018, 05:57:22 AM |
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I really don't understand your point in doing this thread but if you compare the two there are many similarities but both have very different uses, Yes we know that bitcoin needs the internet to run, and most of it is the world wide web and we can seeing a lot of extensive information about it, we can say that the internet has made itself with the development of electronic computers.
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