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Author Topic: Which will survive in long run Bitcoin or Blockchain???  (Read 1454 times)
hidden_legend (OP)
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September 20, 2018, 06:41:09 AM
 #1

Everyone on this forum is familiar with Bitcoin and Blockchain technology.So no need to discuss what they are except this; Bitcoin is first or we can say father of digital currency world and Blockchain is new revolution in digital technology world.
Currently market is down after a golden run and every day millions of people came to know about this new market and its uses.Some with negative views and some advocate it.Many country allowed crypto trading and many banned because of speculations and scams.There is lots of media attention about Bitcoin since its evolution and then its price rise.Many called Bitcoin a shit/fraud/scam when first it came into light but within 7-8years it touched $20000 per coin.
On other hand many new Altcoins like ETH, Ripple etc. also gain popularity and boost the need of blockchain in every filed.Now from media news and discussion on many forum I came to conclusion that everyone(Govt. big business houses) wants to adopt Blockchain technology but same time they are either opposing or banning Bitcoin and its uses.So my question is will Bitcoin survive or fall???What will happen if every country launch their own crypto currency using Blockchain technology???Will Bitcoin disappear???Please share your views/opinions and experience.
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September 20, 2018, 07:11:03 AM
 #2

I'm not sure for Bitcoin but blockchain technology will certainly be more and more present in the future, its advantages are not measurable.
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September 20, 2018, 07:18:07 AM
 #3

Both I think, because they do different things like payment and get the right documents approved by others involved like notaty stuff. Of course they are a part of same thing in BTC because it runs on its blockchain that is basically a distributed ledger and anyone can download it and keep it offline or onlime so help the nodes to be active so it requirew a big amount of effort to broke the all nodes and try to switch to a new blockchain.

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September 20, 2018, 07:27:49 AM
 #4

why do you even insist on separating the two from each other?
it is like asking which one would survive longer, cars or combustion engines! bitcoin is based on blockchain technology and it is the one that introduced it to the world. bitcoin is also the one that is improving this technology and as the technology grows bitcoin grows and vice versa. they are not separate, they are one thing.

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September 20, 2018, 07:46:15 AM
 #5

Bitcoin is the connected chain of blockchain technology and all the crypto are existed because of blockchain technology and it is just like platform which is controlling the activities of bitcoin and crypto and these currencies will exist forever and some time the market will show tough movement but at all the bitcoin is survived.

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September 20, 2018, 08:00:04 AM
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 #6

I think OP is confused as Bitcoin is based on Blockchain technology so it means that both are connected and not separate. Ya but Blockchain technology can be used in other field also and in coming years you can see lot of infrastructure will be using blockchain technology for their product
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September 20, 2018, 08:01:47 AM
Last edit: October 24, 2018, 10:18:50 PM by xeltran
 #7

Blockchain is bitcoin , bitcoin is blockchain Wink you cant spell one way or another . and separate each other

hidden_legend (OP)
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September 20, 2018, 08:06:51 AM
 #8

why do you even insist on separating the two from each other?
it is like asking which one would survive longer, cars or combustion engines! bitcoin is based on blockchain technology and it is the one that introduced it to the world. bitcoin is also the one that is improving this technology and as the technology grows bitcoin grows and vice versa. they are not separate, they are one thing.

Thanks for your words.I am not insisting to separate them.I am just sharing what I understand.I agree with you upto some points because currently Bitcoin is dominating whole crypto world. but same time there is question.:
How this dominance of Bitcoin remain as it is or it grow with time???

On other hand Blockchain is a technology and everyone (Govt. and all kind of business houses) are willing to adopt it but less keen to adopt Bitcoin.Now in that case will Bitcoin still survive???
L lawliet
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September 20, 2018, 08:11:34 AM
 #9

I'm not sure for Bitcoin but blockchain technology will certainly be more and more present in the future, its advantages are not measurable.
yes right, maybe bitcoin will be replaced, but the blockchain will develop
CoinCodex
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September 20, 2018, 08:13:01 AM
 #10

Both, in my opinion, did you know that more than 50% of BTC's belongs to different wallets with more than 200 BTC per wallet? Fun fact Smiley

https://coincodex.com/article/2370/55-of-all-bitcoin-belongs-to-wallets-with-200-btc-or-more/
hidden_legend (OP)
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September 20, 2018, 08:15:48 AM
 #11

I think OP is confused as Bitcoin is based on Blockchain technology so it means that both are connected and not separate. Ya but Blockchain technology can be used in other field also and in coming years you can see lot of infrastructure will be using blockchain technology for their product
Thanks for your words mate.But I am not confused.
Can you tell me if suppose all countries of world( As many of them either planning or working on it) launch their own National digital currencies like USA launch a digital dollar, Indian launch digital rupees etc using blockchain technology and ban use of Bitcoin.Still Bitcoin survive or grow without its demand and use.
I don't think Blockchain technology depends upon Bitcoin but Bitcoin depends upon blockchain technology.Isn't it???
Crypto Girl
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September 20, 2018, 08:23:41 AM
 #12

So my question is will Bitcoin survive or fall???
Idk if I understand you exactly but you're trying to ask if bitcoin will survive without blockchain? I think it's too obvious to answer that since we knew these two works together and bitcoin depends on the underlying technology on what blockchain have.
So the epoch of blockchain has been born and people see the potential of it and how it can change one thing, and now everything that we can think of can now put on the blockchain.

What will happen if every country launch their own crypto currency using Blockchain technology???Will Bitcoin disappear???
Not at all but some country like Iran ban the use of any crypto currency since they will launch their own. Likely, bitcoin won't just die because of that.

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September 20, 2018, 08:26:25 AM
 #13

Bitcoin will not disappear but will stand as a foreign cryptocurrency just like we have some fiat being a standard of measure to other countries currencies.


why do you even insist on separating the two from each other?
it is like asking which one would survive longer, cars or combustion engines! bitcoin is based on blockchain technology and it is the one that introduced it to the world. bitcoin is also the one that is improving this technology and as the technology grows bitcoin grows and vice versa. they are not separate, they are one thing.

That is why they will also develop there own coin because it will become a means of utility. Having a blockchain means having your own privacy which is what government wants.

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September 20, 2018, 09:12:57 AM
 #14

With the help of the block system it will be possible to introduce new crypto-currencies, store any kinds of information, and also control the use of intellectual property. All this makes the possibility of using the mechanism of blocking in the future very promising and almost endless.
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September 20, 2018, 09:16:12 AM
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why do you even insist on separating the two from each other?
it is like asking which one would survive longer, cars or combustion engines! bitcoin is based on blockchain technology and it is the one that introduced it to the world. bitcoin is also the one that is improving this technology and as the technology grows bitcoin grows and vice versa. they are not separate, they are one thing.

Thanks for your words.I am not insisting to separate them.I am just sharing what I understand.I agree with you upto some points because currently Bitcoin is dominating whole crypto world. but same time there is question.:
How this dominance of Bitcoin remain as it is or it grow with time???

On other hand Blockchain is a technology and everyone (Govt. and all kind of business houses) are willing to adopt it but less keen to adopt Bitcoin.Now in that case will Bitcoin still survive???


why shouldn't bitcoin survive just because some sectors don't want to adopt bitcoin right now?
again I would go back to the car example, not everyone owns a car so will the car industry survive?!

in case of bitcoin, as I said it is unique. if a government adopts the blockchain technology, they will be creating a centralized coin (like Venezuelan Petro) nobody cares about a centralized altcoin and it certainly won't even affect bitcoin's adoption or even its survival.

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September 20, 2018, 09:22:29 AM
 #16

bitcoin has no future, blockchain is future itself

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September 20, 2018, 09:58:47 AM
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why do you even insist on separating the two from each other?
it is like asking which one would survive longer, cars or combustion engines! bitcoin is based on blockchain technology and it is the one that introduced it to the world. bitcoin is also the one that is improving this technology and as the technology grows bitcoin grows and vice versa. they are not separate, they are one thing.
LMAO, I think the OP doesn't understand what he/she is saying. Grin
It's like separating the brain from a human body but Blockchain technology can be used in many many ways and not just for crypto currencies such as Bitcoin. I have read some article about the Blockchain technology and its future uses such as determining a fake and a genuine medicine with the help of this technology that was created by none other by the legendary "Satoshi Nakamoto" way back on 2008, this guy or whoever he is, he is a real genius and his invention will surely be more useful in the future. Cool
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September 20, 2018, 10:02:44 AM
 #18

Bitcoin is blockchain. It is impossible that bitcoin will be forget and blockchain will be still running. Bitcoin can't be replaced, so if blockchain will be used, than also bitcoin will be alive.
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September 20, 2018, 10:03:41 AM
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So my question is will Bitcoin survive or fall???What will happen if every country launch their own crypto currency using Blockchain technology???Will Bitcoin disappear???Please share your views/opinions and experience.
IF every country launches their own cryptocurrency (that's a big if), the most likely scenario is Bitcoin become the next gold. Really. If the governments somehow have the urgency to change their fiat to crypto, that means they believe in the blockchain, the logical consequence is all countries would be competing to reserve Bitcoin as much as they could, just how they did with gold before fiat become popular. There could be a possibility that they peg their crypto to Bitcoin too, confirming Bitcoin as the digital gold.
hidden_legend (OP)
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September 20, 2018, 10:07:40 AM
 #20

why do you even insist on separating the two from each other?
it is like asking which one would survive longer, cars or combustion engines! bitcoin is based on blockchain technology and it is the one that introduced it to the world. bitcoin is also the one that is improving this technology and as the technology grows bitcoin grows and vice versa. they are not separate, they are one thing.
LMAO, I think the OP doesn't understand what he/she is saying. Grin
It's like separating the brain from a human body but Blockchain technology can be used in many many ways and not just for crypto currencies such as Bitcoin. I have read some article about the Blockchain technology and its future uses such as determining a fake and a genuine medicine with the help of this technology that was created by none other by the legendary "Satoshi Nakamoto" way back on 2008, this guy or whoever he is, he is a real genius and his invention will surely be more useful in the future. Cool

You mean to say Blockchain technology is nothing without Bitcoin???
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