[2015-01-16] Mainstream understands the btc block chain

Carlton Banks

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Quote from: Lethn on January 16, 2015, 04:54:29 PM

Quote from: Carlton Banks on January 16, 2015, 04:51:28 PM

Quote from: Lethn on January 16, 2015, 04:46:09 PM

the problem is trying to simplify that down so that people actually get it

database

That doesn't work either, because it's not on one computer or central server as was claimed by the Guardian awhile back, like I said, this is a totally new technology.

The blockchain is definitely a database technology. It just so happens that the guy who first used it did so for a networking application, but that doesn't stop it from being used for an application without a network.

Bitcoin is a money technology, made up of other technologies working together, one of which is blockchain storage.

grendel25

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Well, articles are still getting various details wrong. But from personal experience, I'm much more educated on btc and various crypto currencies. But yeah, there's soooo much more to it.

Lethn

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Quote from: Carlton Banks on January 16, 2015, 04:51:28 PM

Quote from: Lethn on January 16, 2015, 04:46:09 PM

the problem is trying to simplify that down so that people actually get it

database

That doesn't work either, because it's not on one computer or central server as was claimed by the Guardian awhile back, like I said, this is a totally new technology.

Carlton Banks

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Quote from: Lethn on January 16, 2015, 04:46:09 PM

the problem is trying to simplify that down so that people actually get it

database

Lethn

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Quote from: Carlton Banks on January 16, 2015, 01:48:09 PM

Blockchains are not networks. And the principle innovation of bitcoin is not the networking aspects, novel as some of them may be.

I tend to liken the whole idea very much to peer to peer filesharing which I think would be more accurate, the problem is though there really is no other technology like it currently, the problem is trying to simplify that down so that people actually get it which is almost bloody impossible especially if they're like the writer of that article.

Carlton Banks

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Blockchains are not networks. And the principle innovation of bitcoin is not the networking aspects, novel as some of them may be.

freedomno1

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Learning the troll avoidance button :)

Quote from: Lethn on January 16, 2015, 11:15:03 AM

Quote

The reason people are excited about bitcoin has less to do with bitcoin and more to do with the technology that supports it. That technology is called "blockchain." Essentially, blockchain creates a new type of internet.

*bashes head against desk repeatedly*

Ah damn I knew that this would come back to haunt us lol.
All the statements of think of it as the internet in 1995 before it grew into what it is today
Everyone else (OH It's a new internet)

Insert head bashing lol.

Lethn

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Quote from: ?? on ??

Quote from: Lethn on January 16, 2015, 12:35:11 PM

The point is, it's not a whole 'new' internet, it's certainly a new network and a very sophisticated network, but it's still completely reliant on being connected to the internet in order to work, for a whole seperate internet you'd have to look at stuff like mesh networks which people are prototyping.

My bad, I did say "in a way" though

lol At least you'll admit you're wrong, these fucking journalists just make up shit and will only apologise for it when absolutely everyone calls them out on it.

Lethn

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The point is, it's not a whole 'new' internet, it's certainly a new network and a very sophisticated network, but it's still completely reliant on being connected to the internet in order to work, for a whole seperate internet you'd have to look at stuff like mesh networks which people are prototyping.

LiteCoinGuy

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In Satoshi I Trust

haha, you are pros, they not.

they "understand" it means something like: "hey, no drugs&silk road, they dont even talk about the BTC currency alot, they talk about the BLOCK CHAIN - WOHOO!"

in 3-5 years they are perfect Grin

Lethn

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How? How can they get it so fucking wrong when there are hundreds of explanations and thousands of people all saying essentially the same fucking thing? They have access to the internet, they shouldn't be capable of getting it so fucking wrong.

MUFC

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Quote from: LiteCoinGuy on January 16, 2015, 10:57:06 AM

Why Bitcoin's Astonishing Price Collapse Doesn't Matter

http://uk.businessinsider.com/why-bitcoins-astonshing-price-collapse-doesnt-matter-2015-1?r=US

Quote from: LiteCoinGuy on January 16, 2015, 10:57:06 AM

The 'internet weirdos' of bitcoin are shaping the way money works

http://www.theguardian.com/business/2015/jan/16/internet-weirdos-bitcoin-shaping-way-money-works

Quote from: Lethn on January 16, 2015, 11:15:03 AM

Quote

The reason people are excited about bitcoin has less to do with bitcoin and more to do with the technology that supports it. That technology is called "blockchain." Essentially, blockchain creates a new type of internet.

*bashes head against desk repeatedly*

I think what they should have said was a new type of network.

Lethn

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Quote

The reason people are excited about bitcoin has less to do with bitcoin and more to do with the technology that supports it. That technology is called "blockchain." Essentially, blockchain creates a new type of internet.

*bashes head against desk repeatedly*

LiteCoinGuy

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In Satoshi I Trust

Why Bitcoin's Astonishing Price Collapse Doesn't Matter

http://uk.businessinsider.com/why-bitcoins-astonshing-price-collapse-doesnt-matter-2015-1?r=US

The 'internet weirdos' of bitcoin are shaping the way money works

http://www.theguardian.com/business/2015/jan/16/internet-weirdos-bitcoin-shaping-way-money-works

Topic: [2015-01-16] Mainstream understands the btc block chain (Read 980 times)