Bitcoin or Blockchain? - page 2. | Bitcointalksearch.org

CottonGuy

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Quote from: criz2fer on March 04, 2018, 10:37:52 AM

Quote from: CottonGuy on March 04, 2018, 05:25:52 AM

Is it really the cryptocurrency Bitcoin that Satoshi Nakamoto focuses his attention with while creating this invention? or the blockchain? Is bitcoin just a front up to showcase the blockchain technology?

I think blockchain is the real deal in here not the cryptocurrency bitcoin.
Please share me your thoughts regarding this matter.

Without blockchain, bitcoin is nothing. Blockchain are all the records of transaction of using bitcoin. Bitcoin is a currency which we should buy to use the benefit of the blockchain. Why we should compare both if they are both use to run the whole system?

Please try to understand the question. I'm not trying to compare bitcoin and blockchain. I just wonder what's the first invention that come up to Satoshi's brilliant mind.

criz2fer

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Quote from: CottonGuy on March 04, 2018, 05:25:52 AM

Is it really the cryptocurrency Bitcoin that Satoshi Nakamoto focuses his attention with while creating this invention? or the blockchain? Is bitcoin just a front up to showcase the blockchain technology?

I think blockchain is the real deal in here not the cryptocurrency bitcoin.
Please share me your thoughts regarding this matter.

Without blockchain, bitcoin is nothing. Blockchain are all the records of transaction of using bitcoin. Bitcoin is a currency which we should buy to use the benefit of the blockchain. Why we should compare both if they are both use to run the whole system?

stefanionut99

newbie

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I think Blockchain is better than Bitcoin because it's a whole system that can be applied in many things, even banks or schools. But Bitcoin was just a currency and it could be disappear if there is another better currency.

so_stupid

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Bitgesell (BGL) Decentralized Cryptocurrency!

As one speaker said: if bitcoin and crypto currencies die, the blockage will continue to live, because it is an excellent technology that can be applied in many spheres

Bezobraznike

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★Bitvest.io★ Play Plinko or Invest!

Blockchain first product is Bitcoin and we need to honor that. Decentralization we have with Bitcoin
is something that this world needs, cause central systems are too much corrupted.
Bitcoin is great, but I like all Blockchain products! There are so many of them, and for everything.
Smart contracts or applications you choose it Blockchain support`s it.

Quote from: deevan on March 04, 2018, 08:32:52 AM

of course, it's blockchain, earlier and today the data is stored on paper or on computer servers which can be tampered by anyone without knowing someone. The data stored on blockchain cannot be altered no one can go back and change it because data is divided into blocks each containing a hash which are linked through a chain. I personally think that Satoshi invents Bitcoin just to showcase the use of blockchain. Because when you invent something there must be a use of it, so he invents Bitcoin as a peer to peer payment system which can be done without any 3rd party (banks), and all Bitcoin transaction stored on Blockchain as open source. You can just say the Bitcoin is the first application of Bitcoin.

Thai main advantages of Blockchain is that what you said Deevan! Data stored on Blockchain
can not be altered and it is transparent. We will be able to control government wallets, and we
can check where they spent tax money. I think world can be a better place if we use Blockchain
technology everywhere.

FlightyPouch

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I think that will be Bitcoin. Once upon a time, there is a lot of digital currency online but none of them is secured enough to stop the double spending. Then Satoshi came, made a digital currency that can't be double spent using a peer to peer network which is bitcoin. The other explanation, you can read here.

http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source

and here

http://bitcoin.org/bitcoin.pdf

Quote from: Wingo on March 04, 2018, 06:37:22 AM

The blockchain definitely. Bitcoin is just the product and definitely he is sure that it will become the focus someday in the future. The technology behind it is the primary focus and until today, the usage of the blockchain technology is still on its early years.

I don't think that it is Blockchain since he only found this technology a solution for the double spending. And if you will be reading the document by Satoshi Nakamoto, it clear states "BITCOIN : A PEER-TO-PEER ELECTRONIC CASH" not "BLOCKHAIN : A NEW TECHNOLOGY FOR DIGITAL CURRENCIES".

kpcian

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Quote from: CottonGuy on March 04, 2018, 05:25:52 AM

Is it really the cryptocurrency Bitcoin that Satoshi Nakamoto focuses his attention with while creating this invention? or the blockchain? Is bitcoin just a front up to showcase the blockchain technology?

I think blockchain is the real deal in here not the cryptocurrency bitcoin.
Please share me your thoughts regarding this matter.

Without Bitcoin you can't imagine block chain earlier two or three years, It's totally undeniable that people have become familiar with block chain through Bitcoin. So Bitcoin still playing the vital role for promoting block chain around the world. that's why I agree with you on this point that Bitcoin always playing in the front side for the block chain.
Obviously, Block chain is the biggest platform where Bitcoin is an important part. but the matter is, Bitcoin itself a brand regarding this platform.

deevan

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of course, it's blockchain, earlier and today the data is stored on paper or on computer servers which can be tampered by anyone without letting know someone. The data stored on blockchain cannot be altered no one can go back and change it because data is divided into blocks each containing a hash which are linked through a chain. I personally think that Satoshi invents Bitcoin just to showcase the use of blockchain. Because when you invent something there must be a use of it, so he invents Bitcoin as a peer to peer payment system which can be done without any 3rd party (banks), and all Bitcoin transaction stored on Blockchain as open source. You can just say the Bitcoin is the first application of Bitcoin.

kabelpeggek

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Activity: 173

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Decentralized blockchain allows each server to connect and share the same role. by establishing a kind of peer to peer network this allows easier tracking of data and what if one of the servers gets interrupted can be backed up by another server and the server in question can be temporarily removed from the blockchain network, and bitcoin is just a tool

zais

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Quote from: CottonGuy on March 04, 2018, 05:25:52 AM

Is it really the cryptocurrency Bitcoin that Satoshi Nakamoto focuses his attention with while creating this invention? or the blockchain? Is bitcoin just a front up to showcase the blockchain technology?

I think blockchain is the real deal in here not the cryptocurrency bitcoin.
Please share me your thoughts regarding this matter.

When Bitcoin broke into public consciousness in 2013, it couldn’t have been sexier: a digital currency being used to buy everything from drugs to cupcakes. Then the excitement shifted to an aspect of Bitcoin that is a bit less sexy: public online ledgers. Blockchain — the technology used for verifying and recording transactions that’s at the heart of Bitcoin — is seen as having the potential to reshape the global financial system and possibly other industries

Wingo

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Quote from: CottonGuy on March 04, 2018, 05:25:52 AM

Is it really the cryptocurrency Bitcoin that Satoshi Nakamoto focuses his attention with while creating this invention? or the blockchain? Is bitcoin just a front up to showcase the blockchain technology?

I think blockchain is the real deal in here not the cryptocurrency bitcoin.
Please share me your thoughts regarding this matter.

The blockchain definitely. Bitcoin is just the product and definitely he is sure that it will become the focus someday in the future. The technology behind it is the primary focus and until today, the usage of the blockchain technology is still on its early years.

Quartx

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Activity: 1036

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Becoming legend, but I took merit to the knee :(

One can argue that Satoshi focussed on one or the other, however, if you think about it, the two are pretty much synonymous. The first successful blockchain was bitcoin, bitcoin was the first successful crypto using a blockchain

Jhun030383

newbie

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Given a chance ofcourse I would still buy bitcoins to the best I can. I still believe that investing with bitcoins can still give me various opportunities to experience financial freedom as long as I can work on with bitcoins wisely and carefully. So, yes I am considering buying bitcoins for future purposes.

antipoff

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EHFIRST

what happened first - bitcoin or blockchain? I think bitcoin. and so there is no blockchain without bitcoin. bitcoin is the father of all alts.

Washball

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First crypto index traded as a token!

First there was Blockchain. Bitcoin was the first application of Blockchain. We all know Bitcoin was developed as a cryptocurrency for p2p transactions, so third parties are avoided. These transactions are stored on an open p2p network ledger with blockchain as the maintaining technology.

hugeblack

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Quote from: CottonGuy on March 04, 2018, 05:25:52 AM

Is it really the cryptocurrency Bitcoin that Satoshi Nakamoto focuses his attention with while creating this invention? or the blockchain? Is bitcoin just a front up to showcase the blockchain technology?
I think blockchain is the real deal in here not the cryptocurrency bitcoin.
Please share me your thoughts regarding this matter.

blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography.[1]
Bitcoin is blockchain protocol "The network is peer-to-peer and transactions take place between users directly, without an intermediary". [2]

to Simplifying things, let’s call "blockchain" [Internet] and "Bitcoin" [Google].
Google "Bitcoin" needs the Internet "blockchain" to perform tasks but the best thing about internet "blockchain" is Google "Bitcoin".

Sources:
#1 https://en.wikipedia.org/wiki/Blockchain
#2 https://en.wikipedia.org/wiki/Bitcoin

cold cool

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BTC is, indeed, satoshi technology product, but now there is only one application block chain technology feeling create token, no any other value, if this has been, I don't think BTC will be more and more valuable.

ManaMan

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Merit: 38

Quote from: CottonGuy on March 04, 2018, 05:25:52 AM

Is it really the cryptocurrency Bitcoin that Satoshi Nakamoto focuses his attention with while creating this invention? or the blockchain? Is bitcoin just a front up to showcase the blockchain technology?

I think blockchain is the real deal in here not the cryptocurrency bitcoin.
Please share me your thoughts regarding this matter.

Bitcoin is just one of possible applications for blockchain. Blockchain is simply type of how data is organized or a ledger that can be decentralized and distributed and thus keep every part of data safe and secure and making it hard fro anybody to change it. We can see there are some projects such as ethereum, neo and others which are trying to put wider use case for blcockhain tech. Another thing is that some businesses are looking into implementing blockchains between their partners etc.

dado7

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Blockchain definitively. Bitcoin is just a coin, Ethereum is just a token (at least I consider them so)....
A blockchain is a form of a distributed ledger then can be used in numerous ways - for issuing and distributing coins/ token, for making smart contracts etc.
I sincerely do believe that the inventor of Blockchain, and that is Satoshi, whoever she/he is, or they are, should receive a Nobel prize.

YuginKadoya

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Well we can surely agree that Blockchain is one great technology that Satoshi had ever created and now it is being use as a locator for cars as a tracker and I think it can be used in all sort of things that don't need a Cryptocurrency anymore, But we can not separate bitcoin from the Blockchain technology and I think Blockchain has started with bitcoin so if we gaqin knowledge towards blockchain we can surely gain knowledge with bitcoin too, you can not separate bitcoin that is currently running with blockchain and I think that satoshi had done this as one both Bitcoin and Blockchain.

Topic: Bitcoin or Blockchain? - page 2. (Read 445 times)