Is Blockchain and Bitcoin hyped?

[Cyberczar]

Have you noticed that all the adulations for blockchain was a function of the spiking coin market? It seems the veil is clearing out. Perhaps if Bitcoin falls to $20 we start seeing these isues theough the right perspectives. Presently, the effort given blockchain is predicated on the money to be made and not the intrinsic value of the technology. https://cryptoinfowatch.com/blockchain-application-development-not-for-every-industry-says-buterin/

[NeuroticFish]

Have you noticed that all the adulations for blockchain was a function of the spiking coin market? It seems the veil is clearing out. Perhaps if Bitcoin falls to $20 we start seeing these isues theough the right perspectives. Presently, the effort given blockchain is predicated on the money to be made and not the intrinsic value of the technology. https://cryptoinfowatch.com/blockchain-application-development-not-for-every-industry-says-buterin/

Bitcoin and blockchain are not the same. Both were somewhat hyped, but both deserve it imho.

Blockchain is a specific type of database. It has wonderful use cases, it is probably already in work for many businesses, but obviously not for all. However, since the governments started giving grants for blockchain businesses, some obviously tried to use blockchain even in directions where it's not the case, only to get hold of that money.

Bitcoin is a great tool for transferring value. It can be a great tool for store value (if it ever stabilizes). Of course, like everything that holds value, it's also used for speculation or as investment vehicle.


Right now Bitcoin price had a down turn. A bad one. Some investors/speculators have lost money. And?
Technologically Bitcoin is still great and developing.
Technologically Bitcoin is also great and developing.
Both have their use and development with or without looking every second to the price. And, just for the record, $20 and $1000000 both have the same chance to occur.

[avikz]

Have you noticed that all the adulations for blockchain was a function of the spiking coin market? It seems the veil is clearing out. Perhaps if Bitcoin falls to $20 we start seeing these isues theough the right perspectives. Presently, the effort given blockchain is predicated on the money to be made and not the intrinsic value of the technology. https://cryptoinfowatch.com/blockchain-application-development-not-for-every-industry-says-buterin/

Linking between bitcoin and blockchain is not a wise thing to do! Blockchain is just a technology which has not yet been explored properly. Bitcoin is just one of the successful use cases of blockchain! Blockchain has no relation with the pricing of bitcoin whatsoever!

There are big corporates like E&Y, Deloitte, PWC, KPMG, McKinsey, BCG, IBM have started to explore this technology so that it can be used for their clients for better efficiency and integrity. They are recruiting blockchain certified specialists across the globe. Many governments are exploring opportunities to use blockchain in order bring back transparency to their systems.

These don't have any relation with the price of bitcoin. If we talk about technology, bitcoin price doesn't really matter!

[mk4]

I personally think blockchain in general bitcoin, the technology itself and what it can do to potentially millions of people worldwide is severely severely underhyped, whereas I think bitcoin and cryptocurrencies in general as an investment is severely overhyped (at least since December up to a couple of months ago). Bitcoin as an investment right now though? Definitely not so much anymore as the hype died down as the price dropped.

Not sure if I worded that clearly, but yea.

[bitfocus]

First of all, Bitcoin and BLockchain are totally different and you can't compare one with another. And yes, bitcoin was a little hyped last year.

[Kotone]

There are many different blockchains dude that is also seeking to prove themselves in their target niches. You can see all those and study if they are really up for something good or yeah it hype only. Bitcoin just started it.

[AshleyFurious]

All hype is now gone...a good time to enter the crypto market!