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Author Topic: WAS BITCOIN CREATED FROM A PHENOMENAL TECHNOLOGY?  (Read 376 times)
Micerker
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October 14, 2018, 06:40:04 PM
 #21

Do you know the creator of Bitcoin? If this is wrong, do not make such bad comments. A group of people may create Bitcoin and its announcer is a person with whom name Satoshi Nakamoto knows him. Any details about this person remain an unanswered question.

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October 15, 2018, 09:47:49 AM
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 #22

A few years ago, the blockchain was possibly and was considered a phenomenal technology that could change the future. But as practice shows, a lot of technologies do not develop, because they interfere with making money.

For example - oil barons hamper the development of electric cars. Buying patents, startups and technologies. And when it comes to the fact that the oil will simply end, these same people will earn money by selling electric cars!

And since this is the richest people in the world - no one can stop them from realizing their plans!
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October 15, 2018, 09:54:33 AM
 #23

Hello,

Yes it is a remarkable technology, thing it is one of the best invention of the last decades. Not only because it is a powerfull tool but mostly because it is a decentralized one where goal is to obtain free technology accessible for everybody all over the world. Ensure people that could use a tool without blockage of countries and institutions .
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October 16, 2018, 04:31:19 PM
 #24

Well we all can attest to the fact that this technology is really making an impact. Several companies have decided to implement. Countries are also implementing and testing. Universities are investing and teaching as well as conducting research on it. Even the world bank has given a recognition and all these show we're in good shape just that every new tech takes time to be adopted.

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October 16, 2018, 04:51:01 PM
 #25

yes, I think that bitcoin was created from a great technology called blockchain technology, which is the most secure system and it is very difficult to hack
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November 22, 2018, 07:50:49 AM
 #26

I believe that  bitcoin is indeed created from this great and phenomenal technology which is the blockchain technology. However, there are still flaws  wherein there is  still room for improvement for such technology and still needs further enhancement to become perfectly usable to the users. More new altcoins are big corporations are now currently adopting the use of the blockchain technology because they are seeing good signs and success in using this technology.
The technology behind the creation of bitcoin is absolutely phenomenon. Am pretty aware of how  bitcoin has really helped propagate the good news of blockchain technology. This is the beauty of bitcoin, the speed of transaction and how secured one can easily track keep his/her funds.
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December 20, 2018, 02:54:05 PM
 #27

The blockchain technology is the most sophisticated innovation that cannot be hacked, and bitcoin is the first crypto to use blockchain technology, and still runs smoothly.
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December 20, 2018, 02:55:20 PM
 #28

Bitcoin is indeed a phenomenal technology, bitcoin in the future will be more likely to be more accepted because of the benefits contained in bitcoin, and does not rule out the possibility that bitcoin will be used as the future currency.

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December 20, 2018, 05:34:27 PM
 #29

That's very true. The blockchain technology is indeed a significant technology and also it can also be used for several purposes aside it being used as a distributed ledger for cryptocurrencies that have been created. It has also been realized that it can also serve other purposes in industries by reducing the chain of transactions to reduce extra cost incurred by most corporations in their activities.

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December 20, 2018, 08:01:57 PM
 #30

A phenominal imo indeed just like the internet. It has shaken the world by all means most of the sectors of the industrial revolution. It's the biggest thing after the internet age. More valuable than FB or social media I believe.





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December 20, 2018, 08:06:12 PM
 #31

Yes! Bitcoin has indeed proven to the entire world that it has being backed by a very strong technology and has the mission to inculcate the use of cryptocurrencies in making transactions within our financial systems. Before the creating of bitcoin by Satoshi Nakamoto other computer literates have tried bringing on several electronic payment systems like Flooz, DigiCash etc. but these payment systems did not  thrive because of the weak technology behind them.
 
Most of them had very weak security features unlike the blockchain technology whose decentralized ledger makes it very secured from being tempered with. Currently, the blockchain technology is being inculcated in several industries all across the globe. I am impressed Smiley by the blockchain technology, What about you?

It seems to me that, we need bitcoin in the modern world because we have an innovation to follow to improved our economics. It all depends on us how we handle oir account to earn a profit. Technology is one of the source of income today we need a virtual money to used when buying something inside the internet. I think the target of cryptocurrency is the new generation which is the teenagers who always use internet.

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December 21, 2018, 03:43:50 AM
 #32

Certainly blockchain technology is cool and innovative. I have wondered in the past if perhaps the blockchain was created by AI, although I assume it's certainly within the realm of a coder to create.

The Cyberius team.
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December 21, 2018, 05:29:28 AM
 #33

Yes bitcoin is a very innovative technology, it used a different kind of technology to secure payment, bitcoin also offered so many different features that really giving benefit for the users, bitcoin was created from the frustration of many people that being oppressed by the government institutions, it was created to gives freedom and new way of doing transaction
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December 21, 2018, 06:21:02 AM
 #34

Bitcoin has surely changed the face of digital money as we know it. The problem with other attempts was not just the security, but rather the ability of governments to destroy it. <centralized alternatives will never work, because they are a target for these governments>

Bitcoin learned from the previous mistakes and they plugged those holes with the introduction of decentralization and also a distributed ledger <Blockchain> that are immutable.   Wink

Bitcoin is definitely the next evolution in money.  Wink

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December 21, 2018, 07:21:36 AM
 #35


Blockchain technology is an ecosystem that is needed for bitcoin to run, since it was created it never amazes us.
I think bitcoin has done very well to spread blockchain technology and this is the phenomenal technology underlying Bitcoin.
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