Topic: Blockchain without bitcoin. Can it work? - page 2. (Read 2413 times)
blockchain without bitcoin would simply become an altcoin which is using a similar technology to bitcoin. and i don't think it has any effect on bitcoin.
i don't think so that blockchain would be worth it without bitcoin
Bank dont need to adopt blockchain, just its technology, which they have thought that the technology is the best in transaction and as wallet so far. Maybe they will make "the other blockchain" for their customers, and no doubt about they will make higher fee for it. 
Non bitcoins coins have blockchains and not all are PoW, so why would you need BTC?
The block chain is just newer ledger technology, there is no reason for banks to be unable to incorporate concepts based on bitcoin.
The block chain is just newer ledger technology, there is no reason for banks to be unable to incorporate concepts based on bitcoin.
i don't think so that blockchain would be worth it without bitcoin
legendary
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Core dev leaves me neg feedback #abuse #political
until proven otherwise, this is just chasing ghosts.
ordinary distributed computing is not a blockchain.
Bitcoin and its blockchain solves the problem of distributed consensus.
Trying to apply this tool to solve other problems is like using a screwdriver to
hit a nail.
I could be wrong but so far I haven't seen how anything resembling
bitcoins' blockchain can work without a native token.
a lot of talk about it but nothing concrete.
ordinary distributed computing is not a blockchain.
Bitcoin and its blockchain solves the problem of distributed consensus.
Trying to apply this tool to solve other problems is like using a screwdriver to
hit a nail.
I could be wrong but so far I haven't seen how anything resembling
bitcoins' blockchain can work without a native token.
a lot of talk about it but nothing concrete.
Of course it can
many people think that blockchain is potentially useful but domt see future in bitcoin
mainly it would be useful for banks
many people think that blockchain is potentially useful but domt see future in bitcoin
mainly it would be useful for banks
6000 nodes.
no reward.
so, yes ... people can install somes software for free bandwith, sometimes ...
Maybe that's why number of nodes keeps decreasing? I think it's a bitcoin's weak point and support Justus Ranvier suggestion to monetize nodes https://bitcoinism.liberty.me/economic-fallacies-and-the-block-size-limit-part-2-price-discovery/ no reward.
so, yes ... people can install somes software for free bandwith, sometimes ...
I guess it could work in theory, but what would be the means of securing it. With bitcoin on top of blockchain, we have mining power that ensures it's security, where
miners have the incentive to do their part in securing the blockchain by getting bitcoin as reward.
In a system where there's no reward, there would be no mining power to secure it, so the blockchain would have to be adapted in some way to block that, but i guess it's doable.
cheers
miners have the incentive to do their part in securing the blockchain by getting bitcoin as reward.
In a system where there's no reward, there would be no mining power to secure it, so the blockchain would have to be adapted in some way to block that, but i guess it's doable.
cheers
I think we have barely scratched the surface of what can be done with blockchain technology.
6000 nodes.
no reward.
so, yes ... people can install somes software for free bandwith, sometimes ...
no reward.
so, yes ... people can install somes software for free bandwith, sometimes ...
I think you are right... there's got to be rewards on a blockchain for people in general to mine, and not just an organization (it would be something centralized if only one group of people mined in it). People have even proposed a blockchain keeping track of important documents or a blockchain that validates medicines and rules out counterfeit ones. I'm not sure how blockchains like that would work without a real incentive... Only some would mine.
Let's see what the future brings
Maybe the future is simply including these things on the Bitcoin blockchain
Let's see what the future brings
Maybe the future is simply including these things on the Bitcoin blockchain
Idea of blockchain without bitcoin is becoming quite common nowadays. It's even getting discussed by banks and other mainstream heavyweight players. However, it doesn't make a sense for me. For blockchain to be reliable store of anything, it must be supported by some expensive process, like mining. And the most expensive mining is bitcoin mining. So if you want to store some valuable data in a blockchain, it must be bitcoin blockchain. Am I right or am missing something?
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