blockchain without bitcoin | Bitcointalksearch.org

franky1

legendary

Activity: 4494

Merit: 4996

Quote from: TastyChillySauce00 on October 09, 2015, 09:06:13 AM

Quote from: franky1 on October 07, 2015, 07:48:58 AM

the blockchain can exist without bitcoin.

400 altcoins prove this.

but bitcoin/altcoins cannot exist without a blockchain

what about another blockchain wannabe sites? Grin

if you mean ripple, if you mean stella, nxt, etc.. most of these are actually SQL databases just pretending to be blockchains..
but they are a whole different issue and much more closer to what fiat is, than a blockchain

but either way the point is that a blockchain such as litecoin does not have a single bitcoin attached to it.
neither do the other altcoins that have a blockchain.

thus, as i said.. a blockchain does not need bitcoin because it can use any token/coin.
but bitcoin wont exist without a blockchain

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: franky1 on October 07, 2015, 07:48:58 AM

the blockchain can exist without bitcoin.

400 altcoins prove this.

but bitcoin/altcoins cannot exist without a blockchain

what about another blockchain wannabe sites? Grin

n2004al

legendary

Activity: 1134

Merit: 1000

Quote from: franky1 on October 07, 2015, 07:48:58 AM

the blockchain can exist without bitcoin.

400 altcoins prove this.

but bitcoin/altcoins cannot exist without a blockchain

In all the explanations given in internet blockchain is connected with bitcoin. But is true (if I am not wrong and for that which I know) that every altcoin has its blockchain. Maybe needed to speak before about a new meaning or definition of this term...

Pab

legendary

Activity: 1862

Merit: 1012

One guy ,forex exchange founder has developed blockchain ,very fast blockchain only to transfer assets
His blockchain is after first tests

TKeenan

hero member

Activity: 874

Merit: 1002

Quote from: Kprawn on October 08, 2015, 10:02:50 AM

The Blockchain came first, the Bitcoin token came second...

I would give some argument on this point. "blockchain" necessitates 'chain'. That is, at least two blocks. When the first block was set - there was no 'chain', but there was bitcoin!!! When the second block came, about ten minutes later, there was a very short 'chain' - of two blocks - but there were already 100 bitcoin!!!

Kprawn

legendary

Activity: 1904

Merit: 1074

The only time, when you can compare religion with Bitcoin, is when people worship money and there are a lot of them. Most people will gladly walk over you to get their hands on

your money. The Blockchain came first, the Bitcoin token came second... Bitcoin is definitely not the alpha and omega of the Blockchain, but it's a key ingredient for it's success.

Go figure... Roll Eyes

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: okae on October 08, 2015, 08:48:19 AM

Quote from: electronicfactura on October 07, 2015, 08:24:20 AM

Blockchain technology is revolutionary that's why tech guys want to take it to integrate in their system,whereas they see Bitcoin as real threat to their interests.This the reason we hear often big bankers and institutions talk only about blockchain technology to research and expansions of their operations in future.

what you are saying is "truth", but IMHO what they will do is to create another one currency like bitcoin but under his control, so if they need to say that blockchain is an awesome technology blah blah blah to distract people and work in the shadows for his own currency, that is what they will do.

Never forget, banks are always searching to take the control, they live for it, that's his business.

Let them build it.This doesn't not mean I will have to use it. And I'm not sure if they will go for one coin only.I doubt that.
A bank launched coin will nothing different than today's fiat money. They will control supply.They will be able to track it and so on and so on.Only cash today is kind of anonymous and makes you less transparent.
I will always choose Bitcoin instead of governments' and Banks' scamcoin.

okae

legendary

Activity: 1401

Merit: 1008

northern exposure

Quote from: electronicfactura on October 07, 2015, 08:24:20 AM

Blockchain technology is revolutionary that's why tech guys want to take it to integrate in their system,whereas they see Bitcoin as real threat to their interests.This the reason we hear often big bankers and institutions talk only about blockchain technology to research and expansions of their operations in future.

what you are saying is "truth", but IMHO what they will do is to create another one currency like bitcoin but under his control, so if they need to say that blockchain is an awesome technology blah blah blah to distract people and work in the shadows for his own currency, that is what they will do.

Never forget, banks are always searching to take the control, they live for it, that's his business.

electronicfactura

hero member

Activity: 714

Merit: 500

Blockchain technology is revolutionary that's why tech guys want to take it to integrate in their system,whereas they see Bitcoin as real threat to their interests.This the reason we hear often big bankers and institutions talk only about blockchain technology to research and expansions of their operations in future.

franky1

legendary

Activity: 4494

Merit: 4996

the blockchain can exist without bitcoin.

400 altcoins prove this.

but bitcoin/altcoins cannot exist without a blockchain

n2004al

legendary

Activity: 1134

Merit: 1000

Quote from: TKeenan on October 07, 2015, 02:33:29 AM

Just because 73 percent voted that blockchain can exist doesn't mean it is true.
http://www.coindesk.com/73-of-finance-pros-think-the-blockchain-can-thrive-without-bitcoin/

In America, over 50% vote that God exists - this does nothing to bring about the actual existence of God.

People can vote all day long - they are not in a position to determine why bitcoin the currency protects the integrity of the blockchain. Rather, they just know 'bitcoin' is the funky thing which lots of sleazy people are using in extortion, drugs, fraud, scams. 'bitcoin' is tainted. But, it doesn't matter, the blockchain doesn't exist without bitcoin.

Thankfully, I remember 1992 - 1996 when 90% of the Internet was traffic related to porn and nobody imagined it would go anywhere and others looked for ways to shut it down. Gotta love religion!

I am not a specialist in this field but I think that the answer is yes and not no. Fed and IBM are trying to "clone" blockchain and bitcoin. The clone is the same thing but another being. So it will exist the same blockchain (being in the same time another) and the same product (being in the same time another). Read for more here: https://www.cryptocoinsnews.com/ibm-federal-reserve-want-create-bitcoin-knock-off/

newcripto

hero member

Activity: 728

Merit: 500

Blockchain alone without Bitcoin is nothing.The whole idea was freedom,decentralization and cost effective transactions which make Bitcoin unique and powerful.Once the bankers will put hand on the blockchain there will be no more freedom but the same old system with centralization and high fees.

okae

legendary

Activity: 1401

Merit: 1008

northern exposure

Quote from: Mickeyb on October 07, 2015, 07:04:58 AM

We all see how many resources are needed to run one decentralized system as Bitcoin. I doubt that they are ready to invest so much money just to create a Bitcoin 2 replica.

i think thats the real key, the resources that bitcoin ALREADY have, is not easy to bring it up again for another "business", hell, i think that is impossible, maybe thats the reason bitcoin is not adopted en masse yet? ( i mean that they dont want to "play with us" and create another one ) because they really know that they cant do something similar like bitcoin is doing?

Mickeyb

hero member

Activity: 798

Merit: 1000

Move On !!!!!!

Quote from: victoryboy on October 07, 2015, 06:20:25 AM

I second you that the real innovation is blockchain not Bitcoin.That is the very reason the bankers and tech seekers want to take blockchain for further research and improvements to make it much more effective and maximum useful for future's financial system.

No, the real innovation is decentralized blockchain which is in essence Bitcoin or some may argue that this is also any of the alts out there.

What banks what to do and what will they do is issue there closed, centralized blockchain system where they will as a central authority have the final say.

We all see how many resources are needed to run one decentralized system as Bitcoin. I doubt that they are ready to invest so much money just to create a Bitcoin 2 replica.

Amph

legendary

Activity: 3248

Merit: 1072

Quote from: Velkro on October 07, 2015, 05:47:15 AM

Quote from: Lauda on October 07, 2015, 02:55:10 AM

Actually it is true. Bitcoin and blockchain technology can be seen as two separate innovations of our time. Both have benefits and could be very successful. I think that banks are trying to shift the focus towards blockchain for a reason.

Its not true, blockchain wouldn't be secure without computing power and computing power comes to it BECAUSE of bitcoin.
One can't exist without another.

i think you can secure in another way, with pos, for example you don't need miners, and thus you can have another type of "bitcoin"

it's kinda true that blockchain does not need to have secruty in the form of bitcoin, but the real blockchain must be decentralized, and it is not what bank have in mind

victoryboy

hero member

Activity: 728

Merit: 500

I second you that the real innovation is blockchain not Bitcoin.That is the very reason the bankers and tech seekers want to take blockchain for further research and improvements to make it much more effective and maximum useful for future's financial system.

okae

legendary

Activity: 1401

Merit: 1008

northern exposure

everytime i see something like that, i mean that blockchain is the "Real" technology and banks are going to use this, i cant stop thinking on the first step from the elite to take control about it, why? Tongue

ofc that blockchain can live without bitcoin, the point here is: why banks want it? to create a new one coin?( because you can be 100% sure that soon or later it will happen )[/if], we already have one coin and is called BITCOIN.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

Quote from: ~Bitcoin~ on October 07, 2015, 04:54:49 AM

Bitcoin is only a type of coin that work on blockchain technology. These days banks are also doing research on blockchain tech to implement with their transaction system. But bitcoin is the first coin which have evolved with the blockchain technology. So technology will never die if even bitcoin dies due to low value. I hope bitcoin will not die soon.

I must add that the success of bitcoin is really the "network effect" as the very first cryptocurrency. There are so many other altcoins which have similar or even better features, but due to network effect, bitcoin is still the most widely accepted.

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: Lauda on October 07, 2015, 02:55:10 AM

Actually it is true. Bitcoin and blockchain technology can be seen as two separate innovations of our time. Both have benefits and could be very successful. I think that banks are trying to shift the focus towards blockchain for a reason.

Its not true, blockchain wouldn't be secure without computing power and computing power comes to it BECAUSE of bitcoin.
One can't exist without another.

boopy265420

legendary

Activity: 1876

Merit: 1005

They try to give all importance to blockchain to be able to start their own digital currencies and want to show Bitcoin is not that important for new financial system which will be based on blockchain tech.I don't think they can succeed to corner the Bitcoin and take what is good for them.Bitcoin will be core/base currency to set value of all blockchain based digital currencies in future.

Topic: blockchain without bitcoin (Read 1397 times)