The relationship between blockchain and Bitcoin?

[Robinson66]

I want to know why the blockchain technology countries will recognize learning, but everyone is not very optimistic about Bitcoin, or it is forbidden to use mining, but the blockchain is the underlying technology of Bitcoin, and Bitcoin is equivalent to the first of the blockchain Application, why is everyone still slandering Bitcoin? When learning the blockchain, they are attacking Bitcoin? There are some people who don’t know Bitcoin and slander Bitcoin. Why?

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[DireWolfM14]

A blockchain is just a validated ledger or a database where previous entries are validated along with subsequent entries.  What the ledger quantifies, or what the database provides is up to the creator of the blockchain.  Blockchain is useful for all kinds of data tracking where validation is required, not just cryptocurrency.

It's possible to be a fan of blockchain without necessarily being a fan of crypto.

[kxwhalexk]

First of all, I am not a conspiracy theorist. I think we can trust the agency's statistics most of the time. If you don't believe their statistics, then you have to study biology and chemistry. Just like when I questioned cryptocurrency at the beginning, I started to learn crypto knowledge.

edit：Sorry, I think I sent you the wrong message, I originally wanted to reply to another post.

I would like to give an example. China’s attitude towards Bitcoin has been relatively negative recently. But there is strong support for blockchain technology.

The underlying technology of Bitcoin is blockchain, but why does China not support it?

In the current environment, most people only see Bitcoin as a means of investment, but China has not yet reached the level of universal finance and still needs money to develop industries. So temporarily ban people from investing in Bitcoin.

However, as a technology, blockchain cannot be ignored. The real purpose of China is to strip the blockchain from Bitcoin and apply it to all walks of life.

[pooya87]

It is usually governments or the banks that negative towards bitcoin but only some of them are showing interest in the blockchain technology, these are the same that want to create their own cryptocurrency and at the same time they think if they be negative about bitcoin they can sell their govcoin easier.

[mk4]

A lot of people are against Bitcoin not because of blockchain or whatever technology is behind it.

People are against Bitcoin because:

1. They still think it's a scam for whatever reason.
2. They missed out and they're salty.
3. They simply don't get it.

Governments are against Bitcoin because:


1. Bitcoin is going to de-value the USD in the long term.
2. Bitcoin is freedom, whereas most governments want control.
3. Chances are, the money from taxes taxes they'd manage to collect would be significant less in the future.

[pakhitheboss]

To hell with Governments and Banks!

Government and Banks fear Bitcoin and other cryptocurrencies because they know they cannot control them. They have tried and failed and now are on the verge of adapting them as they know they can also generate good revenue.

Some companies and financial institutions have started implementing Blockchain technology, but that does not mean they favour cryptocurrencies. Most of them have not yet succeeded, only in the coming years you will know their fate.

[Charles-Tim]

2. Bitcoin is freedom, whereas most governments want control.

It is clear that countries want controls is the reason for banning Bitcoin, just like China, but I think country like China need more than control, China created digital Yuan to make sure the value of US dollar and other strong currencies like Pounds and Euro are reduced, so many trades will between foreign traders and Chinese local traders will be directly using digital yuah, so power competition is included.

There are some countries in Africa that ban Bitcoin and other cryptocurrencies because they do not know much about it and yet want control, like in Nigeria, during EndSars protest in 4th quarter of 2020, the government of Nigeria block the account of some protesters so they can not have access to fiat (Naira) to be used for the continuation of the protest, the alternative at the time was Bitcoin. After some months in first quarter of 2021, Central Bank of Nigeria banned Bitcoin, stating false information about Bitcoin.

[NeuroticFish]

People are against Bitcoin because:

4. They just pretend to be against it, on social media, while in background they're hoarding.

...It's one point I had to add 


And yeah, the logic for what makes Bitcoin actually valuable is not 100% clear and easy to grasp, hence most (especially economists) get it wrong.

[mk4]

4. They just pretend to be against it, on social media, while in background they're hoarding.

...It's one point I had to add  

Yea there's a good chance that that's true as well, that I wouldn't be surprised if it was the case. I just didn't include it because it's sort of a debatable "tinfoil hat" reason.

[YOSHIE]

why is everyone still slandering Bitcoin?

• Who is that government....! The answer is: humans.
• What is the devil's job in this world...! The answer is: slander, envy, fighting and tempting humans.
• What's in the human soul...! The answer is: lust and reason.

Conclusion:
1. People who use common sense and are not friendly with lust and the devil are people who think about Bitcoin in a positive and supportive way.
2. People who use lust and make friends with the devil are the ones who are against Bitcoin, because of their greed, envy, discontent, not happy with the presence of Bitcoin, because Bitcoin can prosper mankind in this world, the devil is not happy, ordinary people who have Bitcoin assets.

So, no wonder there is positive and negative news every day, while people and demons use their strategies and tricks to bring down Bitcoin, relax it's a trick of the devil.

Remember: Bitcoin is money, the devil always accompanies those who use lust against Bitcoin users.

[Pmalek]

And yeah, the logic for what makes Bitcoin actually valuable is not 100% clear and easy to grasp, hence most (especially economists) get it wrong.

• Its scarcity.
• The supply and demand factor.
• The fact that governments can't block, limit, or reverse the transactions of the people they want to control.
• The fact that their banking pals and wall street manipulators are becoming non essential and less useful than what they were 30+ years ago.
• The conversion of energy into a decentralized monetary system.

Etc., etc...

[NeuroticFish]

You are right, and still, this is somehow not enough. I mean that with all these things you correctly mentioned, without demand all this is futile. And, although I am a Bitcoin believer (and you know that), I am not sure I could convince somebody who's very strict in economics and numbers why there's demand (and will always be). My wording for it is "human inherent greed", together with the list you already wrote, but that's far from mathematically strict.

[witcher_sense]

I want to know why the blockchain technology countries will recognize learning, but everyone is not very optimistic about Bitcoin, or it is forbidden to use mining, but the blockchain is the underlying technology of Bitcoin, and Bitcoin is equivalent to the first of the blockchain Application, why is everyone still slandering Bitcoin? When learning the blockchain, they are attacking Bitcoin? There are some people who don’t know Bitcoin and slander Bitcoin. Why?

The relationship between blockchain technology and bitcoin is sometimes a very tough thing to understand. First of all, blockchain is not "the underlying technology" of Bitcoin, it is just one of the parts that Bitcoin consists of. The underlying technology of Bitcoin is something more basic, for example, Bitcoin wouldn't exist without mathematics and electricity, but it would still exist if Satoshi had come up with another way of representing data structure. Satoshi instead used the technology that had been known for a long, and he made it more useful for financial purposes (transactions).

[Pmalek]

The relationship between blockchain technology and bitcoin is sometimes a very tough thing to understand. First of all, blockchain is not "the underlying technology" of Bitcoin, it is just one of the parts that Bitcoin consists of.

Someone once said that Bitcoin is the first successful use case or application of blockchain technology. It's certainly not going to be the last one. I like that explanation, it makes sense. Saying that Bitcoin is based on or relies on blockchain tech is also correct in my opinion. Such a statement doesn't exclude the importance of math or electricity.

[Kiley33]

Compared with other currencies, Bitcoin does not rely on the issuance of a specific currency institution. It is generated by a large number of calculations based on a specific algorithm. Blockchain is a decentralized distributed ledger database. Blockchain is the underlying technology of Bitcoin. Bitcoin is the first application of blockchain. In a sense, Bitcoin is the blockchain, which is equivalent to the blockchain technology being water, and Bitcoin is the fish in the water.

[Connor Britton]

The blockchain is discovered because of bitcoin, everyone has a learning attitude about blockchain, blockchain is a technology, and the bias against bitcoin usually comes from some negative news spread by the media, or they don’t understand that bitcoin is losing some money in bitcoin, which leads to a backlash against Bitcoin