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Author Topic: bitcoin might be over but blockchain will live  (Read 2034 times)
kapalmabur
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December 30, 2019, 06:36:50 AM
 #101

blockchain is a great tech but a bit overvalued. For sure, it will be with us for a very long time in different sphres.
 But i hope that crypto is here to stay too
For sure if there will be blockchain so there will be crypto coins as well because we know the basic reason behind invention of blockchain is the needs that was to store bitcoins and crypto coins so yeah blockchain will stay in this world and day by day its getting more importance and popularity so the same thing we expect from crypto coins like bitcoin and Ethereum.
blockchain exists because of Bitcoin, and Bitcoin exists because of Blockchain, the two of them are interconnected,
and it's true they won't disappear from this world, Bitcoin will become one of the international currencies I'm sure of that
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December 30, 2019, 10:28:32 AM
 #102

It seems to me that you can answer briefly to this question, if I perceive everything correctly, then from the very beginning you need to understand what blockchain is.  The fact is that in essence the blockchain is a way of organizing a database that allows you to correctly store information and coordinate different types of changes between independent parties that simultaneously adhere to the same rules and have essentially the same status.  Based on this, we can already assume that this technology can be applied in various spheres of human life, even without bitcoin.

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December 30, 2019, 12:28:21 PM
 #103

It seems to me that you can answer briefly to this question, if I perceive everything correctly, then from the very beginning you need to understand what blockchain is.  The fact is that in essence the blockchain is a way of organizing a database that allows you to correctly store information and coordinate different types of changes between independent parties that simultaneously adhere to the same rules and have essentially the same status.  Based on this, we can already assume that this technology can be applied in various spheres of human life, even without bitcoin.

I saw several similar answers in this thread, and was surprised by the lack of basic knowledge in this field. The thing is that "blockchain" without a cryptocurrency is just an improved database where you still should rely on some central institution regarding the fairness. To get a really fair ledger, independent from any authority(read, decentralized), and also a tamper-resistant one, you need a cryptocurrency(and Bitcoin is the best one in this regard) to provide an economic incentive to miners.

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December 30, 2019, 12:35:27 PM
 #104

blockchain exists because of Bitcoin, and Bitcoin exists because of Blockchain, the two of them are interconnected,
and it's true they won't disappear from this world, Bitcoin will become one of the international currencies I'm sure of that
No, both don't have to be related, because right now we can see that many countries adopt Blockchain technology but don't take Bitcoin, and it's okay. They just want to make Blockchain technology a technology that is able to facilitate tasks in government without taking Bitcoin.
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December 30, 2019, 12:38:05 PM
 #105

Bitcoin keeps going down and forecasts of a rebound don't fulfill anymore
Cryptocurrencies should be moving beyond from being just value storage. Real functionality is needed.

Blockchain technology is well positioned to be the next level of money evolution
But governments are starting to implement it because they know it can save their ailing printed money

Well, Bitcoin has been rejected in big countries. only a small country wants to be equal to others who have accepted Bitcoin. while Blockchain, is currently growing very rapidly. became a mass adoption in many large countries. so that this looks separate. countries are preparing to make their currencies based on blockchain so that it can block bitcoin that has a decentralized system.
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December 30, 2019, 01:01:15 PM
 #106

Bitcoin will continue to live on and we need people like you to promote pessimism and more negativity who spreads post like this because the more investors to give up and sell their BTC, the more cheaper BTC can get.
The thing is, as long as bitcoin is useful and can be used to buy products and pay for services as an P2P payment it will never go down.

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December 30, 2019, 01:36:44 PM
 #107

Bitcoin keeps going down and forecasts of a rebound don't fulfill anymore
Cryptocurrencies should be moving beyond from being just value storage. Real functionality is needed.

Blockchain technology is well positioned to be the next level of money evolution
But governments are starting to implement it because they know it can save their ailing printed money

Well, Bitcoin has been rejected in big countries. only a small country wants to be equal to others who have accepted Bitcoin. while Blockchain, is currently growing very rapidly. became a mass adoption in many large countries. so that this looks separate. countries are preparing to make their currencies based on blockchain so that it can block bitcoin that has a decentralized system.
bitcoin cannot live without a blockchain, whereas a blockchain can live without bitcoin, even though we know the two as one entity. but blockchain has many functions, not just for money transfers. therefore do not be surprised if the adoption of a blockchain mass is greater than bitcoin


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December 30, 2019, 02:05:44 PM
 #108

blockchain exists because of Bitcoin, and Bitcoin exists because of Blockchain, the two of them are interconnected,
and it's true they won't disappear from this world, Bitcoin will become one of the international currencies I'm sure of that
No, both don't have to be related, because right now we can see that many countries adopt Blockchain technology but don't take Bitcoin, and it's okay. They just want to make Blockchain technology a technology that is able to facilitate tasks in government without taking Bitcoin.
Blockchain have more chance to be use by governments who want to create their own token or do government projects to improve their economy as well their allocation of budget. Blockchain should be use by developers now for better performance of their project even they don't want to relate in crypto, but much better if they can accept crypto to gain adoption for cryptocurrency and for bet market prices.

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December 30, 2019, 04:45:16 PM
 #109

Blockchain is a very important technology. But how familiar is the blockchain. Bitcoin is the biggest rekalm face of this market. Without Bitcoin, maybe he wouldn't know the blockchain. Blockchain can get a bitcoin one day.
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December 30, 2019, 06:47:13 PM
 #110

Definitely, block chain will remain even if bitcoin, altcoin stop existence. Block chain is the foundation on which crypto currency is laid, block chain can produce many other digital currency.the government can use block chain their currency.bitcoin is almost close to no value now but not at the detriment of block chain
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December 30, 2019, 08:38:25 PM
 #111

Bitcoin keeps going down and forecasts of a rebound don't fulfill anymore
Cryptocurrencies should be moving beyond from being just value storage. Real functionality is needed.

Blockchain technology is well positioned to be the next level of money evolution
But governments are starting to implement it because they know it can save their ailing printed money

When I first proposed to use cryptocurrencies as support for a financial system based on energy instead of money or gold, some members asked me how it would be instrumented. Thanks to them all.

Here it is. The basis of a plan for a financial system based on blockchain technology and energy, mainly solar, that can show the way it may be operative and workable.

TERAFLOPS AND TERALUMENS
https://drive.google.com/open?id=1QtFCyUQx_PjlbOFK-NOm2kY-oSleeJF9

And just in case, the first document
TERAFLOPS AND TERAWATTS
https://drive.google.com/open?id=0B7JgGimv_JMJaWdYQXdtb1RVZVE

I'd really appreciate a review. Thanks in advance

Blockchain Technology cannot be demoted. Bitcoin helps to open novices to the disruptive nature of Blockchain. 
I think that we should have more cryptocurrency that will match the function of bitcoin, to enable us reduce the volatility of bitcoin by ensuring that other stakeholders needs are met.
Because it seem like there is a power tussle between the native of bitcoin and other world powers.
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December 31, 2019, 05:39:49 PM
 #112

blockchain exists because of Bitcoin, and Bitcoin exists because of Blockchain, the two of them are interconnected,
and it's true they won't disappear from this world, Bitcoin will become one of the international currencies I'm sure of that
No, both don't have to be related, because right now we can see that many countries adopt Blockchain technology but don't take Bitcoin, and it's okay. They just want to make Blockchain technology a technology that is able to facilitate tasks in government without taking Bitcoin.
There is no doubt in this fact that blockchain technology has mesmerized the financial markets especially banks which are working day and night to adopt it for their welfare in the future. As far as the connection of bitcoin and blockchain technology is concerned, people came to know about blockchain technology through bitcoin and still common people associate its existence with bitcoin.
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January 01, 2020, 03:23:02 AM
 #113

Blockchain is a part of the Bitcoin technology, and not the other way around. Blockchain will be in existence only if Bitcoin exists. A lot of people (including the governmental players) are trying to paint Blockchain as innovative technology and at the same time trying to whitewash Bitcoin as some illegal money payment system used by criminals. They need to understand that Blockchain is irreversibly connected to Bitcoin.
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January 01, 2020, 05:04:22 AM
 #114

Bitcoin keeps going down and forecasts of a rebound don't fulfill anymore
Cryptocurrencies should be moving beyond from being just value storage. Real functionality is needed.

Blockchain technology is well positioned to be the next level of money evolution
But governments are starting to implement it because they know it can save their ailing printed money

Rebound it's too early to tell we, should not give up on Bitcoin and the market this early if you want to give up, then give up on your own, blockchain technology is really here to stay but Bitcoin being it's the first product, it's success is also the success of blockchain, the technology that created it, so it goes if we want this technology to succeed, then we better go all out for Bitcoin.

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January 01, 2020, 07:26:49 AM
 #115

Everyone's been saying this since ages.

Yet, the dominant crypto in the market right now is still bitcoin nonetheless.

Perhaps blockchain technology will become mainstream in the form of a centralized cryptocoin or whatnot, but I find it difficult to believe that BTC will simply vanish.

It is likely that the two will coexist in unison. Centralized blockchains will simply not cater to the needs of people who are currently invested in decentralized cryptos.

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January 01, 2020, 09:33:48 AM
 #116

Everyone's been saying this since ages.

Yet, the dominant crypto in the market right now is still bitcoin nonetheless.

Perhaps blockchain technology will become mainstream in the form of a centralized cryptocoin or whatnot, but I find it difficult to believe that BTC will simply vanish.

It is likely that the two will coexist in unison. Centralized blockchains will simply not cater to the needs of people who are currently invested in decentralized cryptos.
When many people talking about blockchain they always have talk about bitcoin because every one do not know about what is blockchain and keep popular with bitcoin and altcoin, there are not space for blockchain without know more about bitcoin and altcoin, when bitcoin have on the top price many people will understand with bitcoin and altcoin so thy will know whit blockchain.
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January 01, 2020, 02:40:02 PM
 #117

blockchain exists because of Bitcoin, and Bitcoin exists because of Blockchain, the two of them are interconnected,
and it's true they won't disappear from this world, Bitcoin will become one of the international currencies I'm sure of that
No, both don't have to be related, because right now we can see that many countries adopt Blockchain technology but don't take Bitcoin, and it's okay. They just want to make Blockchain technology a technology that is able to facilitate tasks in government without taking Bitcoin.
Blockchain can literally survive and could still exist for some decade because of its usability and demand in the society especially for the 21st century's government. But bitcoin? I don't think it can make it through another decade if not for blockchain's support and back up. One of them are very dependent to the other but it does not apply for the both of them. Although blockchain's popularity is highly influenced and driven by bitcoin, it won't affect how blockchain works once bitcoin vanished from the mainstream. In other words, bitcoin is just like a feature to blockchain, it became somehow a part of it but it's still completely functioning without it.

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January 01, 2020, 04:03:12 PM
 #118

Blockchain is a part of the Bitcoin technology, and not the other way around. Blockchain will be in existence only if Bitcoin exists. A lot of people (including the governmental players) are trying to paint Blockchain as innovative technology and at the same time trying to whitewash Bitcoin as some illegal money payment system used by criminals. They need to understand that Blockchain is irreversibly connected to Bitcoin.
The revolution of bitcoin is because Satoshi was able to develop Blockchain to aide the transaction when the past digital currencies in the past were struggling to come up with something that could stop the issue of double spending and when Satoshi released everything as an open source everyone has the freedom to take what they like and what to reject and if Satoshi copyrighted everything then he could have made billions just taking the fees, blockchain is not particularly connected to bitcoin simply because it is open source and anyone can use it separately.
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January 01, 2020, 07:03:06 PM
 #119

Why do you think that the bitcoins might be over ?
The statement itself is very wrong , you should understand that , bitcoins is too deep rooted in the society that it's problem for the government itself , they won't be able to take it out that easily.
Also at the same time yes blockchain is a revolutionary technology and therefore it will stay in this world for days to come , in schools , banks , industries everywhere .
All the arguments people have about why bitcoin is not going to survive always have to do with the price, they do not take a look at the technology and how being your own bank and own a currency that no government can crash is a huge advantage, they are only seeing the world as it is now and not as it will be, it is impossible the current economic system being implemented all over the world is going to last forever, at some point it will fail, and while bitcoin may not last forever either one thing is for sure, it will last a lot more than the system we currently have.

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mr.relax
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January 01, 2020, 07:15:59 PM
 #120

Actually almost all altcoins are dead. Almost only BTC doubled its price 2019.
Its very alive and far from over.
Most blockchain experiments fueled by token, are dead too, as blockchain is not the best solution for every database-usecase.
Yes, BTC will not live forever. But maybe it will live longer than many people think.

Trade across blockchains DECENTRAL : https://cutt.ly/rOSoDl
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