Blockchain vs Bitcoin | Bitcointalksearch.org

owm123

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Quote from: dothebeats on February 03, 2016, 12:51:41 AM

Quote from: ~Bitcoin~ on February 03, 2016, 12:47:08 AM

Quote from: TastyChillySauce00 on February 02, 2016, 08:21:41 AM

because bitcoin is fine, and blockchain isn't fine, bitcoin can't stand without blockchain, correct me if im wrong

It is better to say blockchain is technology and bitcoin is only an asset which work on blockchain technology. Technology never dies but assets can be devalued with time. I think this one will sound perfect.

Both cannot exist separately as far as I know on how it works. You cannot create a ledger (blockchain) without something to record and on the other hand, you cannot validate a transaction (bitcoin) without anyone verifying it on a publicly-displayed ledger. Correct me if I'm wrong but that's how I perceive it.

You are wrong. Blockchain transactions dont need to be public. There are already proposals how to make transactions non-public in bitcoin, e.g., look for confidential transactions or just any anon coin.

owm123

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Quote from: czechkid on February 02, 2016, 08:19:38 AM

Hello,
I'm bit confused about why companies keep focusing on blockchain technology and not really on Bitcoin.

I see people loosing hope on bitcoin and saying something new will come and blah blah blah. And thats the mistake i think. We all as 1 community need to fight for it and make bitcoin what we want.

Banks, companies and organizations focused on blockchain. I understand that blockchain is important to Bitcoin but in my opinion they are just trying to find a way to centrelize it and make money and have total control. Just like banks.

Why arent there funds and investments into bitcoin?

Just stating my opinion, im open to corrections and more knowledge Wink

Off course its all about power. Banks have no control on Bitcoin, so they are not interested in it. Only blockchain has some potential use for them, if they can control its use.

And unfortunately Bicoin is no longer decentralized as you say. Bitcoin Core development is basically controlled by one commercial company, Blockstream:

https://www.reddit.com/r/btc/comments/43pq1z/i_didnt_realize_how_bad_it_is_blockstream_has_9/?ref=search_posts

And off course, bitcoin mining is mostly done by China these days. And most trading same.

So this is how decentralization of Bitcoin looks like.

Denker

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Quote from: Kakmakr on February 03, 2016, 12:32:01 AM

Bitcoin has become the of Crypto currencies. Not of it's own doing, but all the scammers and hackers and Ponzi's tainting it's image. These companies needed a new name not associated with Bitcoin, even though it is directly linked to it, so they chose the underlying technology, called <The Blockchain>

So if investors ask them what the technology is, they can say it is <The Blockchain> It is a simple marketing gimmick to fool uninformed investors and the general public.

Bitcoin as the bad boy of crypto currencies?
It doesn't look better with the altcoins! Paycoin(Garza), Moolah(Mintpal) just to name 2 of the most known ones. And don't forget how many of those alts are instamined.

Bitcoin still is the king of all the crypto currencies. The guys out there with their "blockchain only" companies will mostly fail.A few might have great ideas and solutions where Blockchain could be useful for.Furthermore right now Blockchain has created a hype everyone wants to jump on and make as much money as possible.Can't blame them for that.

RealBitcoin

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Bitcoin is the real blockchain, those non-monetary blockchains will just fail because there is no incentive.

arbitrage

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We could see new usage of blockchain in near future and everything we could do is to adopt or stay loyal to bitcoin.
It is hard to predict trend of new technology.

dothebeats

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Quote from: ~Bitcoin~ on February 03, 2016, 12:47:08 AM

Quote from: TastyChillySauce00 on February 02, 2016, 08:21:41 AM

because bitcoin is fine, and blockchain isn't fine, bitcoin can't stand without blockchain, correct me if im wrong

It is better to say blockchain is technology and bitcoin is only an asset which work on blockchain technology. Technology never dies but assets can be devalued with time. I think this one will sound perfect.

Both cannot exist separately as far as I know on how it works. You cannot create a ledger (blockchain) without something to record and on the other hand, you cannot validate a transaction (bitcoin) without anyone verifying it on a publicly-displayed ledger. Correct me if I'm wrong but that's how I perceive it.

~Bitcoin~

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Quote from: TastyChillySauce00 on February 02, 2016, 08:21:41 AM

because bitcoin is fine, and blockchain isn't fine, bitcoin can't stand without blockchain, correct me if im wrong

It is better to say blockchain is technology and bitcoin is only an asset which work on blockchain technology. Technology never dies but assets can be devalued with time. I think this one will sound perfect.

Kakmakr

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Bitcoin has become the of Crypto currencies. Not of it's own doing, but all the scammers and hackers and Ponzi's tainting it's image. These companies needed a new name not associated with Bitcoin, even though it is directly linked to it, so they chose the underlying technology, called <The Blockchain>

So if investors ask them what the technology is, they can say it is <The Blockchain> It is a simple marketing gimmick to fool uninformed investors and the general public.

BellaBitBit

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Quote from: SFR10 on February 02, 2016, 10:12:30 PM

It's because their trying to implement it to whatever system they own and have so it could benefit them more in the long run (a bit also for their users). Mostly banks will try to do all they could, to get rid of BTCitcoin so they've been trying to understand and study blockchain for a while now and If I'm not wrong, some have started initial stages of integration already.

This. They seem to think that Bitcoin will just go away in the night if they keep saying "blockchain" enough.

There are many uses for the blockchain other than a currency. It would be top notch for deeds, voting, and other documents or record keeping - fraudulent or lost documents would become a thing of the past.

kevin go

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in my opinion ..bcause blockchain is the first famous transaction in btc..btc user also comfort with fast and low fee transaction in there
and now all transaction maybe take control by blockchain, so it will hard to move to the others

SFR10

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It's because their trying to implement it to whatever system they own and have so it could benefit them more in the long run (a bit also for their users). Mostly banks will try to do all they could, to get rid of BTCitcoin so they've been trying to understand and study blockchain for a while now and If I'm not wrong, some have started initial stages of integration already.

czechkid

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Quote from: BoeserKeller on February 02, 2016, 11:03:20 AM

Quote from: rienelber on February 02, 2016, 11:01:36 AM

I think you're missing the point of blockchain technology. It might be used for purposes that go way beyond the current limitations in bitcoin. Private corporations are interested in using this technology for several applications, not only storing and transferring money.

Exactly, and bitcoin is currently controlled by a few groups of huge miners and enchanges, so it does not provide complete freedom of innovation to those researching blockchain-related technologies.

So someone should change that and not let fiat system happen again. I know they are using blockchain for other applications as well but still what about bitcoin? Should we just throw it out? NO! It needs to be fixed and it needs to be the way it was meant to be. We need this money system not other applications as of now

Betwrong

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Quote from: czechkid on February 02, 2016, 08:19:38 AM

Hello,
I'm bit confused about why companies keep focusing on blockchain technology and not really on Bitcoin.

I see people loosing hope on bitcoin and saying something new will come and blah blah blah. And thats the mistake i think. We all as 1 community need to fight for it and make bitcoin what we want.

Banks, companies and organizations focused on blockchain. I understand that blockchain is important to Bitcoin but in my opinion they are just trying to find a way to centrelize it and make money and have total control. Just like banks.

Why arent there funds and investments into bitcoin?

Just stating my opinion, im open to corrections and more knowledge Wink

I'm sure that some of them are investing into Bitcoin too but hiding the fact. They might don't want Bitcoin to prosper but on the other hand they don't want to lose an opportunity to make some money on Bitcoin's rising.

BoeserKeller

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Quote from: rienelber on February 02, 2016, 11:01:36 AM

I think you're missing the point of blockchain technology. It might be used for purposes that go way beyond the current limitations in bitcoin. Private corporations are interested in using this technology for several applications, not only storing and transferring money.

Exactly, and bitcoin is currently controlled by a few groups of huge miners and enchanges, so it does not provide complete freedom of innovation to those researching blockchain-related technologies.

rienelber

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I think you're missing the point of blockchain technology. It might be used for purposes that go way beyond the current limitations in bitcoin. Private corporations are interested in using this technology for several applications, not only storing and transferring money.

elizabethqueen

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Quote from: czechkid on February 02, 2016, 08:19:38 AM

Hello,
I'm bit confused about why companies keep focusing on blockchain technology and not really on Bitcoin.

I see people loosing hope on bitcoin and saying something new will come and blah blah blah. And thats the mistake i think. We all as 1 community need to fight for it and make bitcoin what we want.

Banks, companies and organizations focused on blockchain. I understand that blockchain is important to Bitcoin but in my opinion they are just trying to find a way to centrelize it and make money and have total control. Just like banks.

Why arent there funds and investments into bitcoin?

Just stating my opinion, im open to corrections and more knowledge Wink

yes i also wondering about that,not because i really dont understand about bitcoin technology,but because i just see some article about banks and other company interest with blockchain,but they not talk about bitcoin,maybe they afraid cannot control bitcoin,and try to make better thing than bitcoin.

avatar_kiyoshi

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Because they won't risking their assets into bitcoin.
Blockchain can use as they ledger, with transparent, without sabotage and public form.

TastyChillySauce00

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because bitcoin is fine, and blockchain isn't fine, bitcoin can't stand without blockchain, correct me if im wrong

czechkid

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Activity: 167

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Hello,
I'm bit confused about why companies keep focusing on blockchain technology and not really on Bitcoin.

I see people loosing hope on bitcoin and saying something new will come and blah blah blah. And thats the mistake i think. We all as 1 community need to fight for it and make bitcoin what we want.

Banks, companies and organizations focused on blockchain. I understand that blockchain is important to Bitcoin but in my opinion they are just trying to find a way to centrelize it and make money and have total control. Just like banks.

Why arent there funds and investments into bitcoin?

Just stating my opinion, im open to corrections and more knowledge Wink

Topic: Blockchain vs Bitcoin (Read 880 times)