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Author Topic: Bitcoin comes first and blockchain comes later  (Read 518 times)
RainbowKun (OP)
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July 07, 2021, 01:14:10 PM
Merited by hatshepsut93 (1)
 #1

We see Bitcoin and blockchain in many places, but most of us do not know their relationship. Coupled with media reports from different governments, it is easier to confuse the relationship.

We can often see this media view: Bitcoin uses blockchain as the underlying technology. Seeing this sentence, for the vast majority of ordinary people, they will definitely confuse the relationship between Bitcoin and the blockchain. They would think that blockchain technology was born first, and then Bitcoin was born. This is why many governments ban Bitcoin but not blockchain. They will advertise that blockchain is a very good and very advanced technology. But Bitcoin is a very risky asset and a bad thing.


Now that I write this topic, I just want to emphasize this point: Bitcoin was born first, and then blockchain technology. Rather than the first-born blockchain technology, the second-born Bitcoin. I think this is a very important point, and it is necessary for us to spread it to all friends around us who are concerned about Bitcoin.In 2009, Satoshi Nakamoto created Bitcoin and the Bitcoin network began to operate. Then in the following three to five years, scientific and technological personnel in different countries analyzed the underlying technology of Bitcoin. Discovered the stability and reliability of its technical logic, and finally concluded the blockchain technology based on the operation law of the Bitcoin ledger.

Without the birth of Bitcoin, there would be no current blockchain technology. This is also fundamentally different from the birth of the Internet. The birth of the Internet was gradually iteratively born in the thirty to fifty years of the development of human computer networks. Yes, it was born by iteration, not overnight. It is gradual and gradually improved. It is gradually established with the upgrading of technology from generation to generation.But the birth of Bitcoin is fundamentally different. Bitcoin was created by Satoshi Nakamoto like a pioneer. Before the birth of Bitcoin, there were also some related research and explorations of electronic money. Satoshi Nakamoto also explored them to some extent. However, the principle and implementation of Bitcoin itself are fundamentally different from them. At the same time, from the first day of Bitcoin's birth, its code logic itself is almost complete and perfect, even impeccable.

Until today, Bitcoin has still not found any major loopholes, and the Bitcoin network has been operating stably for 12 years without major upgrades. This is almost a miracle in the history of software changes. It is precisely this that supports the entire prosperous crypto ecosystem.Therefore, Bitcoin is the perfect gift that Satoshi Nakamoto brought us. It can be said that Bitcoin is the father of the blockchain, not that the blockchain is the father of Bitcoin.

This is my opinion, what do you think?

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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July 07, 2021, 01:30:17 PM
 #2

In my opinion, the internet was the beginning of the technological revolution and at that time, it was thanks to the internet that new ideas such as BTC were born. in 2009 Satoshi Nakamoto launched BTC with its blockchain network. BTC is the first pioneering virtual currency and with the blockchain has been perfected to help BTC move in the blockchain space with ease. In other words, BTC and blockchain were born together to interact and support each other.
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July 07, 2021, 03:04:13 PM
 #3

In my opinion, the internet was the beginning of the technological revolution and at that time, it was thanks to the internet that new ideas such as BTC were born. in 2009 Satoshi Nakamoto launched BTC with its blockchain network. BTC is the first pioneering virtual currency and with the blockchain has been perfected to help BTC move in the blockchain space with ease. In other words, BTC and blockchain were born together to interact and support each other.
Your answer is exactly the question I emphasized. First of all, Bitcoin is fundamentally different from the Internet. What the Internet mainly does is the transmission of information, and what Bitcoin realizes is the transfer of value. They are two completely different dimensional technologies. At the same time, blockchain and Bitcoin were not born at the same time. In my opinion, in the first three years or even five years before the birth of Bitcoin, there was no concept of blockchain at all. At the same time, Bitcoin was treated as a scam at that time. Until various technical personnel continued to study the technical principles of Bitcoin, and finally extracted the blockchain technology from the realization of Bitcoin.

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July 07, 2021, 03:18:38 PM
Last edit: July 07, 2021, 03:49:07 PM by ranochigo
Merited by The Cryptovator (5)
 #4

Not really. The idea was actually born quite a bit earlier, in the late 90s. Just check the references that Satoshi made in the whitepaper. Bitcoin was never really treated as a scam, if you actually read the whitepaper then you'll know what's going on.

Satoshi didn't conceptualize the idea of it, he basically combined the various ideas; b-money, distributed ledgers, etc into Bitcoin AND made it work. I have no doubt that even without Bitcoin, Blockchain would've appeared sooner or later but without all the hype. Blockchain is mostly just a snakeoil. Corporations love to use it with their sentences, makes them sound cool and brings some nice PR.

Bitcoin was created by Satoshi Nakamoto like a pioneer. Before the birth of Bitcoin, there were also some related research and explorations of electronic money. Satoshi Nakamoto also explored them to some extent. However, the principle and implementation of Bitcoin itself are fundamentally different from them.
This isn't accurate. Satoshi consulted several people who conceptualized something similar. Check out B-money.
At the same time, from the first day of Bitcoin's birth, its code logic itself is almost complete and perfect, even impeccable.
Come on, check the code from the first iteration first. It is neither complete nor perfect.

Until today, Bitcoin has still not found any major loopholes, and the Bitcoin network has been operating stably for 12 years without major upgrades. This is almost a miracle in the history of software changes. It is precisely this that supports the entire prosperous crypto ecosystem.
Oh boy. This is wrong too.

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July 07, 2021, 03:47:47 PM
Last edit: July 07, 2021, 04:40:10 PM by Ucy
 #5

I think the two are inseparable otherwise you will likely not have safe/good Bitcoin. It's more like fruits and the nutrients in them ... You can't say I like the fruits but not the nutrients. The fruits were built for the nutrients for our enjoyment and health.    Those who dislike the nutrients will probably drain the fruits off nutrients and fill it synthetic stuff or things that fruits are not designed to contain
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July 07, 2021, 05:22:04 PM
 #6

Actually it is not true, if you look back and try to search you will find that the concept of the blockchain technology was created way back in the early 1990sn, bitcoin is a use of this network, as bitcoin is cryptocurrency that was first made its first transaction back in 2009, and up until 2014 blockchain was only used for cryptocurrncies like bitcoin and ethereum, where it became usable in a wide variety of things and it still has a potential to grow even more.
hatshepsut93
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July 07, 2021, 09:33:59 PM
 #7

Satoshi didn't conceptualize the idea of it, he basically combined the various ideas; b-money, distributed ledgers, etc into Bitcoin AND made it work. I have no doubt that even without Bitcoin, Blockchain would've appeared sooner or later but without all the hype. Blockchain is mostly just a snakeoil. Corporations love to use it with their sentences, makes them sound cool and brings some nice PR.

Blockchain wouldn't appear without Bitcoin. It would be nothing more than a very obscure programming pattern barely used anywhere, and the only people who know about it would be some guys from stackoverflow. It only exists as we know because of the huge marketing campaign created by altcoins and blockchain companies that tried to sell it as the next big thing.


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ranochigo
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July 07, 2021, 10:36:09 PM
 #8

Blockchain wouldn't appear without Bitcoin. It would be nothing more than a very obscure programming pattern barely used anywhere, and the only people who know about it would be some guys from stackoverflow. It only exists as we know because of the huge marketing campaign created by altcoins and blockchain companies that tried to sell it as the next big thing.
The code behind it isn't obscure nor that complicated. The concept is what matters, the code really doesn't. If you want to dabble in it, you have to have some degree of technical competency. Even to this day, most people either have zero understanding or some misconceptions about how it works. The fact that it was conceptualized so early basically means it would've been developed with or without Bitcoin, sooner or later. Whether it gets any adoption is an entirely separate issue, considering the cost of implementing it, it probably isn't very great for the companies without all the PR. Cryptocurrencies popularized the idea of it and companies are jumping on the hypechain, that's all.

Obviously, there would be no way to tell whether my statement is true or not.

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RainbowKun (OP)
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July 08, 2021, 02:54:22 AM
 #9

Not really. The idea was actually born quite a bit earlier, in the late 90s. Just check the references that Satoshi made in the whitepaper. Bitcoin was never really treated as a scam, if you actually read the whitepaper then you'll know what's going on.

Satoshi didn't conceptualize the idea of it, he basically combined the various ideas; b-money, distributed ledgers, etc into Bitcoin AND made it work. I have no doubt that even without Bitcoin, Blockchain would've appeared sooner or later but without all the hype. Blockchain is mostly just a snakeoil. Corporations love to use it with their sentences, makes them sound cool and brings some nice PR.

Bitcoin was created by Satoshi Nakamoto like a pioneer. Before the birth of Bitcoin, there were also some related research and explorations of electronic money. Satoshi Nakamoto also explored them to some extent. However, the principle and implementation of Bitcoin itself are fundamentally different from them.
This isn't accurate. Satoshi consulted several people who conceptualized something similar. Check out B-money.
At the same time, from the first day of Bitcoin's birth, its code logic itself is almost complete and perfect, even impeccable.
Come on, check the code from the first iteration first. It is neither complete nor perfect.

Until today, Bitcoin has still not found any major loopholes, and the Bitcoin network has been operating stably for 12 years without major upgrades. This is almost a miracle in the history of software changes. It is precisely this that supports the entire prosperous crypto ecosystem.
Oh boy. This is wrong too.


Yes, there are some articles referenced in the Bitcoin white paper. I have read all these articles. But these materials are fundamentally different from the ideas expressed by Bitcoin itself. Satoshi Nakamoto magically combined some mature technologies and created Bitcoin from 0 to 1. The difficulty here is not to implement the Bitcoin code, the most difficult thing is to build the ideas and concepts of Bitcoin.

In the first five years or even ten years before the birth of Bitcoin, Bitcoin was only recognized by a very small number of geeks. In the eyes of most government agencies and ordinary people, it is a bubble and a scam. Until these two or three years, more and more people discovered that the Bitcoin network was almost destroyed or breached. The value of Bitcoin has been revealed to the world step by step. More and more people have begun to recognize Bitcoin. At the same time, the vast majority of people who buy bitcoin now do not understand the intrinsic value of bitcoin, they just want to make money from bitcoin.

In addition, what I call Bitcoin software is perfect  from the beginning. The main point is that its core technical framework has not undergone major changes until now. Whether it is distributed nodes, encryption algorithms, or consensus mechanisms, Satoshi Nakamoto planned at the beginning of the white paper. It has not changed to this day. Of course, some minor code bugs must exist in the software development process, but this does not affect the perfection of the Bitcoin system at the beginning of its design.


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July 08, 2021, 03:35:11 PM
 #10

Bitcoin is not a first digital currency but it is the first successful cryptocurrency and truly decentralized. It changes the world and bring blockchain technology to the world.

Bitcoin means decentralization with public ledger that is done on a blockchain. They are mutually interacting with each other and make up Bitcoin. The blockchain technology and its ecosystem that we have seen nowadays were contributed a lot from Bitcoin and satoshi. Others are early core members and early bitcoin adopters.

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July 08, 2021, 04:01:30 PM
Merited by ranochigo (3)
 #11

We can often see this media view: Bitcoin uses blockchain as the underlying technology. Seeing this sentence, for the vast majority of ordinary people, they will definitely confuse the relationship between Bitcoin and the blockchain. They would think that blockchain technology was born first, and then Bitcoin was born. This is why many governments ban Bitcoin but not blockchain. They will advertise that blockchain is a very good and very advanced technology. But Bitcoin is a very risky asset and a bad thing.

The term "Blockchain, the techology" was mostly introduced to capitalize on the idea of Bitcoin without actually acknowledging Bitcoin. The reason for this is that Bitcoin by it's very nature can not be controlled by a single party, and that's something neither governments nor cooperations like. They don't want to use a platform, they want to be the platform. If cooperations could they'd force people on their own version of "Internet, the technology" and arguably they've largely succeeded.

But as ranochigo pointed out, blockchains, or rather blockchain-like structures have existed for quite a while before Bitcoin. Git, for example. But nobody would call a Git Repository a Blockchain because that'd be stupid. Or rather, because it's missing a critical component, that is, a decentralized and secure consensus algorithm such as Proof of Work. But most "Blockchain, the technology" projects seem to largely ignore the consensus part of the equation, hence why they fall a bit flat.

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July 08, 2021, 06:04:11 PM
 #12

In my opinion bitcoin and blockchain are two different things, because internet is a way through which you can take a lot of information and blockchain is not in a sense like that. So, in early time the bitcoin was not taken as serious as today, therefore I thought you are right.

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July 09, 2021, 02:56:31 AM
 #13

We can often see this media view: Bitcoin uses blockchain as the underlying technology. Seeing this sentence, for the vast majority of ordinary people, they will definitely confuse the relationship between Bitcoin and the blockchain. They would think that blockchain technology was born first, and then Bitcoin was born. This is why many governments ban Bitcoin but not blockchain. They will advertise that blockchain is a very good and very advanced technology. But Bitcoin is a very risky asset and a bad thing.

The term "Blockchain, the techology" was mostly introduced to capitalize on the idea of Bitcoin without actually acknowledging Bitcoin. The reason for this is that Bitcoin by it's very nature can not be controlled by a single party, and that's something neither governments nor cooperations like. They don't want to use a platform, they want to be the platform. If cooperations could they'd force people on their own version of "Internet, the technology" and arguably they've largely succeeded.

But as ranochigo pointed out, blockchains, or rather blockchain-like structures have existed for quite a while before Bitcoin. Git, for example. But nobody would call a Git Repository a Blockchain because that'd be stupid. Or rather, because it's missing a critical component, that is, a decentralized and secure consensus algorithm such as Proof of Work. But most "Blockchain, the technology" projects seem to largely ignore the consensus part of the equation, hence why they fall a bit flat.

Wonderful reply. In my opinion, before Bitcoin was really born, there was a corresponding technology. Whether it is database technology, distributed storage technology, or encryption algorithm technology. They all exist separately as a single technology. But Satoshi Nakamoto combined them with the concept of decentralization through consensus algorithms. Eventually Bitcoin was created. This is the creation from zero to one. The difficulty here is not the technology to build Bitcoin, but the ideas and concepts that combine them. This requires a multi-disciplinary knowledge reserve. Then three to five years later, the Bitcoin network has withstood various attacks and tests. Its underlying technical logic has been verified. Then mankind summed up a distributed storage and governance technology based on the technical characteristics of Bitcoin, and called it a blockchain.

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July 09, 2021, 03:01:35 AM
 #14

Well, blockchain was created for the purpose of keeping trqck record on bitcoin activities. I guess there is no need to elaborate which comes first because in the first place blpckchain is already part of plan to integrate in bitcoin system. The project bitcoin has been plan prior to implementation and also had made some thorough run through before it has been introduce to public for consumption or put to good use.
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July 09, 2021, 08:26:41 AM
 #15

In the past few days, I also learned about Bitcoin. Not long ago, I also thought about the relationship between Bitcoin and blockchain. Many novices should not know their relationship.
This is what I learned: Bitcoin and blockchain are complementary, and if there is no Bitcoin, no one knows about the blockchain. Many people now talk about blockchain when they talk about digital currencies. When it comes to blockchain, Bitcoin will definitely be talked about. In 2009, the Bitcoin created by Satoshi Nakamoto and the genesis block were naturally linked together, forming a whole with two sides. In a sense, the coin chain is integrated. This theory is particularly reasonable.
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July 09, 2021, 01:39:18 PM
 #16

I think the two are inseparable otherwise you will likely not have safe/good Bitcoin. It's more like fruits and the nutrients in them ... You can't say I like the fruits but not the nutrients. The fruits were built for the nutrients for our enjoyment and health.    Those who dislike the nutrients will probably drain the fruits off nutrients and fill it synthetic stuff or things that fruits are not designed to contain
It can't be separated. Bitcoin and Blockchain or altcoins with Blockchain have an attachment and need each other. Blockchain becomes a ledger that will record every transaction made and the transaction is transparent and can be seen by anyone and cannot be deleted. Blockchain is like an Android system where applications run on that system. Bitcoin is arguably only one application of the blockchain system and there are many other applications ( Altcoins).
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July 09, 2021, 09:54:11 PM
 #17

as a beginner I am still very new to what is called.bitcoin and block.chain. and I will learn how from the performance of these.two things.although we all know that this has.almost similarities.that can.be used for both, because blockchain.will not emerged.without bitcoin because bitcoin is fundamentally.very different from the internet, blockchain.was created.to keep track of bitcoin activity.
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July 09, 2021, 11:59:05 PM
 #18

Well, blockchain was created for the purpose of keeping trqck record on bitcoin activities. I guess there is no need to elaborate which comes first because in the first place blpckchain is already part of plan to integrate in bitcoin system. The project bitcoin has been plan prior to implementation and also had made some thorough run through before it has been introduce to public for consumption or put to good use.

They go side by side. And there's no need to argue which comes first because they are invented on the same period. The other one will not exist without the other. And what is the significance when the other comes first? I don't think there's really point of arguing on this topic. Blockchain is the digital ledger of transactions so it is important for bitcoin itself. This will give you idea what are the early transactions made in btc network. Without blockchain, we won't know the history of bitcoin.

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July 10, 2021, 02:01:23 AM
 #19

the problem of who used to be, it doesn't need to be debated, because of the presence of bitcoin and blockchain to complement and need each other, bitcoin can't do much without the presence of blockchain, as well as blockchain, like body and life, they can't be separated ..
They go side by side. And there's no need to argue which comes first because they are invented on the same period. The other one will not exist without the other. And what is the significance when the other comes first? I don't think there's really point of arguing on this topic. Blockchain is the digital ledger of transactions so it is important for bitcoin itself. This will give you idea what are the early transactions made in btc network. Without blockchain, we won't know the history of bitcoin.
It can't be separated. Bitcoin and Blockchain or altcoins with Blockchain have an attachment and need each other. Blockchain becomes a ledger that will record every transaction made and the transaction is transparent and can be seen by anyone and cannot be deleted. Blockchain is like an Android system where applications run on that system. Bitcoin is arguably only one application of the blockchain system and there are many other applications ( Altcoins).
Let me answer together. Yes, we look at Bitcoin and blockchain from now on. They are combined and cannot be separated. They are perfect as a whole. What I want to emphasize here is the birth process of Bitcoin and blockchain. Before the birth of Bitcoin, there was no blockchain in human civilization. Neither the concept of a blockchain nor a complete blockchain technology product exists. When Satoshi Nakamoto created Bitcoin in 2009. Different scientific and technical personnel conduct in-depth research on the realization principle of Bitcoin. It slowly verified the feasibility and unbreakability of Bitcoin technology. Then, according to the realization principle of Bitcoin, this technical system was extracted step by step, and it was named the blockchain. I believe that some of the early participants of Bitcoin may understand the specific meaning I want to express. In 2013, no one mentioned blockchain at all. The concept of blockchain has been widely mentioned around 2015.

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July 10, 2021, 02:17:21 AM
 #20

the problem of who used to be, it doesn't need to be debated, because of the presence of bitcoin and blockchain to complement and need each other, bitcoin can't do much without the presence of blockchain, as well as blockchain, like body and life, they can't be separated ..

I used to think the same thing before but as I learn more about blockchain tech and how it is highly adapted by other projects, I doubt that what you are saying is true. Blockchain is something that other peoples project can modify while bitcoin is a project that runs in blockchain technology. Blockchain can standalone in itself with other projects
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