Kakmakr
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Leading Crypto Sports Betting & Casino Platform
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March 15, 2019, 09:14:50 PM |
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Centralized services normally have a weakness, namely a single point of failure. Bitcoin is a decentralized network with no single point to fail, so you can cut off on node or several thousand nodes and Bitcoin transactions will still be possible. <Like the P2P Torrent networks> Redundancy are also introduced in the form of satilite networks <Core> and radio for Bitcoin transfers, if the Internet are blocked or firewalled in some countries. Centralized networks like Facebook, Instagram and Whatsapp are reliant of centralized service providers for acces.  |
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Stedsm
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Activity: 3052
Merit: 1273
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March 15, 2019, 09:30:59 PM |
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when such gaints can run into a problem, what makes you think they can't be shut down ? LONG LIVE BTC, 100% UPTIME  One of the major reasons for their possible shutdown is their continuous Data breach where they share our data with other giant companies to get paid for the same. Have you read their privacy policy? If yes, tell me are they allowed to do so. On other hand, BTC is pseudonymous and consists all those properties to help you undergo all your finances with ease. Albeit, BTC is a different subject and comes under a category which really can't be compared to social networks as they are about making friends and sharing data, but yeah BTC can also be said to be doing data sharing only through electronic medium but in terms of numbers only but everything under the hood (anonymity). IMHO, I believe these social networks are just a way to make money for the bosses who created them, but the one I use the most is telegram, very clean, sober and easy to use as well as crypto and anonymity-friendly. It's easy to create bots to pay and get paid in crypto over telegram - a facility everyone wanted so far. |
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pixie85
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March 15, 2019, 09:35:10 PM |
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Facebook, instagram or any other social media platform being down has nothing to do with bitcoin and it's prices.
Besides social mediums are not coins in the cryptocurrency world
From what I heard they were testing some new algos that are supposed to implement acta rules. They are trying to block free speech, content sharing, and the spread of information. Acta is internet censorship and it will lead to most youtube content creators disappearing for good. Only decentralized platforms will survive. |
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gabmen
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March 17, 2019, 03:32:13 PM |
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Facebook, instagram or any other social media platform being down has nothing to do with bitcoin and it's prices.
Besides social mediums are not coins in the cryptocurrency world
From what I heard they were testing some new algos that are supposed to implement acta rules. They are trying to block free speech, content sharing, and the spread of information. Acta is internet censorship and it will lead to most youtube content creators disappearing for good. Only decentralized platforms will survive. Whatever. That still doesn't have anything to do with cryptocurrencies at all. And i don't think we can assume that bitcoin is as strong as ever lol. It's been quite shaky the past year for btc and though we probably held on and is now becoming more steady, we're still far from being considered as that strong yet. |
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hxtop
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March 26, 2019, 08:45:55 PM |
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As these social media platforms are being improved simultaneously, we experience the same thing in cryptocurrency market. Comparing social media platforms with bitcoin is not the right thing and fluctiation happens in cryptocurrency martkets too.
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ahmadinejad93
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March 27, 2019, 06:28:09 AM |
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there is no network connection at all with this, bitcoin still acts as strong as possible. So with the position of social media Facebook, WhatsApp, and Instagram down, Bitcoin has no influence at all. Is this true for each of you?
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maianh09
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March 27, 2019, 06:35:46 AM |
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when such gaints can run into a problem, what makes you think they can't be shut down ? LONG LIVE BTC, 100% UPTIME Social networking platforms developed over the years such as Facebook and Twitter can always live forever. It can change owner, but I believe it will live in tandem with Bitcoin. |
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Vaskiy
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Tontogether | Save Smart & Win Big
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March 27, 2019, 08:04:35 AM |
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when such gaints can run into a problem, what makes you think they can't be shut down ? LONG LIVE BTC, 100% UPTIME Social networking platforms developed over the years such as Facebook and Twitter can always live forever. It can change owner, but I believe it will live in tandem with Bitcoin. These social networking platforms have made a big change on the world connecting the people. Now bitcoin through its technology backing will make a big change in the entire global transaction process. At present the community is in need of social networking, same will happen with the cryptocurrency as well. |
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Carrelmae10
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Activity: 588
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March 27, 2019, 09:01:26 AM |
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..the last time i access my fb account,,it says that someone has loggin to my accounts unwantedly and it needs some confirmation inorder to regain access on it,,then it directed me to a form just to changed my old password,,then after successful confirmation,,I gained access to my account again..maybe facebook have its maintenance in order to protect its users from hackers..by this,,we cannot say that it will last longer without its programmer to maintain the standard process of facebook..
..the same as Bitcoin..if someone will going to put down the use of Bitcoin,,then it will really disappear and will not go further as what people expected to be..but if we (Bitcoin believers) will continue to support and adopt the use of Bitcoin in our daily life,,100% I assure you that Bitcoin will stay strong ,,Bitcoin had encountered many stumblingblocks,, but still it is alive and kicking and becoming more popular on crypto world..just stay foot on Bitcoin's side and give your full support on it and never use Bitcoin in wrong way,,by doing this,,guarantee of a 101% that Bitcoin will last longer..
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lyks15
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March 27, 2019, 09:44:49 AM |
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I did not wonder why bitcoin is stonger rather than big company like facebook,instagram etc because bitcoin is we can use in our daily transactions to make our everyday life convenient. And aside from that bitcoin can use as an investment that you can get an extra income unlike in the social media you only see photo uploaded and other issue without any income.
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BeGoods
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Activity: 1372
Merit: 1008
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March 27, 2019, 01:45:01 PM |
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when such gaints can run into a problem, what makes you think they can't be shut down ? LONG LIVE BTC, 100% UPTIME Just right now I am experiencing a problem with my facebook account. I cannot make posts and when I checked the reason why, FB said they are making a maintenance check up on my account. Its been more than 3 hours already and still not ok till now. Well, bitcoin may not be as strong as it used to a year ago in value but still kicking, surviving and believed to be returning back in its height soon. Believe in the power of users, for tens of millions of users still using it, then bitcoin will continue to survive. there is no perfect system, so is bitcoin. but as long as we believe, bitcoin will continue to be strong |
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MakeMoneyBtc
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March 27, 2019, 08:47:02 PM |
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And why exactly are you comparing this kind of companies like Facebook or Instagram with Bitcoin when they have nothing in common? Bitcoin is not a company, it is not lead by a person who seeks to be profitable at the end of the day so it does not compete with any of the companies you listed. They have their own business and don't care about bitcoin.
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crzy
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March 27, 2019, 08:55:25 PM |
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there is no network connection at all with this, bitcoin still acts as strong as possible. So with the position of social media Facebook, WhatsApp, and Instagram down, Bitcoin has no influence at all. Is this true for each of you?
Yes, it has no effects at all because its not crypto related not unless facebook already lunch their own coin. Bitcoin will remain dominant because of its own technology and for sure it will continue to improve and makes it more faster than ever. Bitcoin is still the top 1 cryptocurrency and its hard to beat that level. |
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XCANA
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March 27, 2019, 08:59:27 PM |
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when such gaints can run into a problem, what makes you think they can't be shut down ? LONG LIVE BTC, 100% UPTIME There's a big difference between the decentralize and the centralize platforms and the decentralize platform seems to be more giant than than the centralize. People needed freedom that's why they ask for decentralization because the centralize platform failed the people, "long live Bitcoin and long live decentralization." |
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imstillthebest
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March 27, 2019, 10:00:18 PM |
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And why exactly are you comparing this kind of companies like Facebook or Instagram with Bitcoin when they have nothing in common? Bitcoin is not a company, it is not lead by a person who seeks to be profitable at the end of the day so it does not compete with any of the companies you listed. They have their own business and don't care about bitcoin.
Exactly but maybe the op is refering to the upcoming coin for those platforms because there were rumors lately about the new facebook coin . instagram and whatsapp could probably next on the list . bitcoin is might be threatened as this can give a tough competition because we all know that the said platforms are a bit popular but for now bitcoin is still the strongest crypto coin alive so its better if we will continue support bitcoin until the end . |
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adzino
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www.Crypto.Games: Multiple coins, multiple games
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March 27, 2019, 10:03:08 PM |
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Yeah. This is because facebook, instagram and whatsapp uses a central database and is prone to single point of failure. If their central point fails, the whole network collapses unfortunately. But that's not the case of bitcoin network since several nodes act as a backup point. If one of the nodes fail, there are still other nodes that can hold on the network.
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okala
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March 28, 2019, 06:28:40 AM |
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I have never hard that bitcoin network went offline before 24 hours always available providing services to it millions of user on the blockchain, even when some other giant institutions like social media go down bitcoin still remains available. I think the only cooperation that can compet with bitcoin in availability is Google.
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Pursuer
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Where is my ring of blades...
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March 28, 2019, 06:36:01 AM |
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And why exactly are you comparing this kind of companies like Facebook or Instagram with Bitcoin when they have nothing in common? Bitcoin is not a company, it is not lead by a person who seeks to be profitable at the end of the day so it does not compete with any of the companies you listed. They have their own business and don't care about bitcoin.
Exactly but maybe the op is refering to the upcoming coin for those platforms because there were rumors lately about the new facebook coin . instagram and whatsapp could probably next on the list . bitcoin is might be threatened as this can give a tough competition because we all know that the said platforms are a bit popular but for now bitcoin is still the strongest crypto coin alive so its better if we will continue support bitcoin until the end . no it may not because those coins or any other similar coins that are created by corporations are centralized so they don't even fall under the same category as bitcoin. they don't offer you any kind of freedom or privacy and they will instead impose a lot of restrictions and snoop into your financial affairs not to mention they control your money so they are competing with things such as Paypal not bitcoin. and if anything should be threatened is Paypal and similar services. |
Only Bitcoin
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olliecrypto
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March 28, 2019, 06:46:21 AM |
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i'm pretty sure issue that occurred a year or so ago where bitcoin was having tons of confirmation issues could be equated to facebook going down.
facebook depends on up-time so that users can be online and see the ads being pushed towards them, and bitcoin depends on fast, inexpensive network confirmations for people to maintain faith in bitcoin as a reputable payment system
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yohananaomi
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Vave.com - Crypto Casino
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March 28, 2019, 09:58:55 AM |
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I did not wonder why bitcoin is stonger rather than big company like facebook,instagram etc because bitcoin is we can use in our daily transactions to make our everyday life convenient. And aside from that bitcoin can use as an investment that you can get an extra income unlike in the social media you only see photo uploaded and other issue without any income.
Indeed it must be admitted that there are different segments for bitcoin and facebook etc., even though there is a disruption to them it is clear that bitcoin will continue to run even though there is no direct impact, but only the absence of clearer information, but bitcoin has a place of information reliable. bitcoin will remain up and running because bitcoin is a reliable investment. |
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