"Blockchain technology will pervade, but not bitcoin." - page 4.

devphp

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Quote from: fathur01 on November 01, 2014, 04:59:14 AM

Check out a recent video by CNNmoney:

http://www.youtube.com/watch?v=GYJdOiLqSxE

"Author Jeffrey Robinson tells Richard Quest that virtual currency is the future, but bitcoin is a thing of the past."

He's probably right about estimating the number of bitcoin users - "250k wallets" figure is much closer to the real number of bitcoin users (by my estimates 50k-200k real people behind all bitcoin wallets) than the 500k-2m number often quoted.

It's likely he's right about "virtual currency is the future".

However, those two ideas are not much of a revelation, many people could do the same, are there more videos of him where he actually tries to predict something more specific?

fathur01

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Check out a recent video by CNNmoney:

http://www.youtube.com/watch?v=GYJdOiLqSxE

"Author Jeffrey Robinson tells Richard Quest that virtual currency is the future, but bitcoin is a thing of the past."

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: turvarya on November 01, 2014, 04:04:27 AM

[Stuff about an alt coin]
that takes away the decentralization, but decentralization isn't the only pro of blockchain technology,

Wow.

turvarya

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I have a similar view.
I am pretty sure, blockchain technology will be a big part in future technologies, but I am not sure if bitcoin will survive.
Speaking of incentives to mine: There could just be some servers around the world, which get normally paid to maintain their service. Sure, that takes away the decentralization, but decentralization isn't the only pro of blockchain technology, e.g. blockchain technology is also about not being able to manipulate data, that was generated in the past.

I heard an interview about factom the other day, which shows such a possibility.

http://letstalkbitcoin.com/blog/post/the-bitcoin-game-2-factom
http://www.factom.org/

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: devphp on November 01, 2014, 03:39:05 AM

Quote from: cbeast on November 01, 2014, 03:36:41 AM

The author thinks a blockchain is just a database sitting on a server.

Well, he's right. I would add, the more servers it sits on - the blockchainer it is

You do realize that each server has a different database, right? The part that makes that makes each block special is the process that builds the chain. So no, it's not a database, it's thousands or millions of databases. His argument is like saying the internet is a BBS.

PolarPoint

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Blockchain technology is a solution to trust a database without trusting anyone in particular. Cryptos ride on that system with the ledger as database. Blockchain technology is revolutionary concept, it can be used on any public data. So yes, blockchain technology will prevail and bitcoin may not, cos currency is only one of the many uses of a blockchain.

AlexSm

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Quote from: knight22 on November 01, 2014, 01:57:50 AM

Quote from: cbeast on November 01, 2014, 01:37:08 AM

Post quotes. I want to know who is saying this.

This idiot wrote a book basically saying this.

https://www.youtube.com/watch?v=GYJdOiLqSxE

I can't believe he don't understand that the blockchain can't work without the coin acting as an incentive to process and secure the network. This is the fucking basic.

Perhaps he meant blockchain technology, as-in a similar kind of system that takes advantage of a blockchain as a public ledger.

devphp

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Quote from: cbeast on November 01, 2014, 03:36:41 AM

The author thinks a blockchain is just a database sitting on a server.

Well, he's right. I would add, the more servers it sits on - the blockchainer it is

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: devphp on November 01, 2014, 03:25:17 AM

Quote from: cbeast on November 01, 2014, 03:18:13 AM

Quote from: devphp on November 01, 2014, 03:00:00 AM

Am I right to assume that mentioning other blockchains that run on code written from scratch would look out of place here and I shouldn't bother with bringing that up? )

No that would be a stupid thing to even think.

Yeah, I figured as much

The author thinks a blockchain is just a database sitting on a server.

devphp

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Quote from: cbeast on November 01, 2014, 03:18:13 AM

Quote from: devphp on November 01, 2014, 03:00:00 AM

Am I right to assume that mentioning other blockchains that run on code written from scratch would look out of place here and I shouldn't bother with bringing that up? )

No that would be a stupid thing to even think.

Yeah, I figured as much

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: devphp on November 01, 2014, 03:00:00 AM

Am I right to assume that mentioning other blockchains that run on code written from scratch would look out of place here and I shouldn't bother with bringing that up? )

No that would be a stupid thing to even think.

LiteCoinGuy

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In Satoshi I Trust

Bitcoin is the fuel that runs the whole system.

devphp

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Quote from: seriouscoin on October 31, 2014, 11:08:28 PM

These ppl think they can just copy the source code and boom.... there go their "blockchain" technology.

Am I right to assume that mentioning other blockchains that run on code written from scratch would look out of place here and I shouldn't bother with bringing that up? )

knight22

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--------------->¿?

Quote from: cbeast on November 01, 2014, 01:37:08 AM

Post quotes. I want to know who is saying this.

This idiot wrote a book basically saying this.

https://www.youtube.com/watch?v=GYJdOiLqSxE

I can't believe he don't understand that the blockchain can't work without the coin acting as an incentive to process and secure the network. This is the fucking basic.

cbeast

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Let's talk governance, lipstick, and pigs.

Post quotes. I want to know who is saying this.

seriouscoin

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These ppl think they can just copy the source code and boom.... there go their "blockchain" technology.

Bitcoin is what it is today because of its network. Without it, its not useful or secure. Also in reverse, the incentive ecosystem makes todays price.

Bit N Roll

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Yeah.. I think so too.. Bitcoin exchanges will also stay longer than bitcoin.

Q7

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Don't quite really get the gist of statement. Is it that you meant to imply the word prevail? I would say blockchain is core to everything. The public ledger is what makes bitcoin unique. However blockchain technology can be utilized by any other crytocurrency or in other words even if bitcoin fails other altcoins utilizing the blockchain will continue on.

I would say here that blockchain is necessary for bitcoin to exist but not the other way round

Mikez

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Quote from: agustinfl on October 31, 2014, 06:48:59 PM

I've heard that phrase thousands of times

That doesn't make a statement true.

agustinfl

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I've heard that phrase thousands of times, and I've thought about it enough to be sure I don't agree.
Bitcoin is necessary for the blockchain to exist, without the incentive, there are no miners and there is no network to rely on.
If you assert that the blockchain will pervade, you necessarily imply bitcoin as a currency will too.

What do you think?

Topic: "Blockchain technology will pervade, but not bitcoin." - page 4. (Read 8926 times)