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Topic: Do we need blockchain technology? - page 10. (Read 11532 times)

jr. member
Activity: 76
Merit: 1
October 14, 2018, 05:21:50 AM
if bitcoins and altcoins don't run on blockchain technology, then where do you think it should run on? maybe we will find something better someday, but for now, the blockchain technology is important to be used to run bitcoin on.
member
Activity: 287
Merit: 10
October 14, 2018, 04:37:42 AM
Blockchain technology is required of each country and economy to grow at a faster rate. It goes a long way to help maximise how the economy will grow at that faster rate.

As I see, the majority of the countries have already understood that they should use the blockchain. These are the technologies, which will make the life of each of us better.
member
Activity: 686
Merit: 10
October 12, 2018, 07:51:48 AM
Blockchain will change the world easily because now many companies want to use the blockchain technology for maintaining records viewable which makes them maintain transparency way. So blockchain will easily increase economic growth because of many major companies showing interest towards blockchain.
hero member
Activity: 1414
Merit: 505
Backed.Finance
October 12, 2018, 07:34:22 AM
The truth be told, not everything has to be on the blockchain, and if we take this into consideration and remove greed, we will certainly have few projects being launched through ICOs. And people could use the blockchain without tokenizing any asset on it, blockchain has some useful real life application such as monitoring a supply chain, securing data or records and of such applications

I agree here. There are many compelling applications of bockchain technology especially in record/data  keeping as it is immutable. It can be use for election too and in any industry. Blockchain can speed up  transaction,and help a lot in remittances and financial system.
member
Activity: 574
Merit: 14
October 11, 2018, 07:11:35 PM
The truth be told, not everything has to be on the blockchain, and if we take this into consideration and remove greed, we will certainly have few projects being launched through ICOs. And people could use the blockchain without tokenizing any asset on it, blockchain has some useful real life application such as monitoring a supply chain, securing data or records and of such applications
full member
Activity: 490
Merit: 101
October 11, 2018, 07:02:47 PM
Hello everyone.

When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?

In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.

There are too many projects  that we don't really need it on blockchain.

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.


Please enlighten me.




3086167319
The full use of the blockchain technology, has not fully been explored and seems permission  is being sought for before it can perform the long expected help. The blockchain technology is a tool being used on other failing business area so resuscitate
full member
Activity: 239
Merit: 100
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
October 11, 2018, 06:48:59 PM
This is not so. Blockchain technology is an essential step to real democracy. Of course the government would be against it, but it all depends on people. For example, based on the blockchain, you can build a system of elections and recall of politicians. And much more.
Blockchain technology is technology about an economic system that uses technological advances and the development of the times and it is definitely needed later by everyone who is in the advancement of the era and technology, practically efficient, transparent, maybe it can be a consideration
Since the blockchain technology has been established so far, it has shown great advantages in managing and simplifying the work for the user. Currently blockchain technology is being applied in many countries around the world, especially in the field of banking for financial management.
sr. member
Activity: 994
Merit: 257
October 11, 2018, 04:52:43 PM
Hello everyone.

When I see there are too many ICO and shitcoins on novaexchange. I keep asking myself: do we really need blockchain technology?

In case of Bitcoin. Of course, I agree.
What about ETH? I agree too.

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

An ad management system on blockchain? - We already had Google Ads & Facebook Ads.
A social network on blockchain? (steem) - Do we? I don't see anything but a centralized forum hosted on a random hosting using its currency to pay for the writers.

There are too many projects  that we don't really need it on blockchain.

Sometimes, I think there is a black swan (Blockchain is useless in real life) lurking around.


Please enlighten me.

There are too many projects that do not need the use of the blockchain, I will agree with that, but you need to understand that we are in an experimental phase in the market of cryptocurrencies, everyone is trying to find new uses and applications and if that means that we have hundreds of useless coins then so be it as long as we find a few new uses for it.
sr. member
Activity: 658
Merit: 250
October 11, 2018, 07:59:02 AM
This is not so. Blockchain technology is an essential step to real democracy. Of course the government would be against it, but it all depends on people. For example, based on the blockchain, you can build a system of elections and recall of politicians. And much more.
Blockchain technology is technology about an economic system that uses technological advances and the development of the times and it is definitely needed later by everyone who is in the advancement of the era and technology, practically efficient, transparent, maybe it can be a consideration
newbie
Activity: 38
Merit: 0
October 11, 2018, 07:42:23 AM
Of course we need blockchain technology, this technological advantage is efficiency, especially in transactions. Simply put, blockchain doesn't need much time when making transactions. Because, in the transaction there is usually a third party that bridges the process. For example bank or paypal. What's more, blockchain is the technology behind bitcoin, and blokchain is the technology of the future.
hero member
Activity: 1246
Merit: 588
October 11, 2018, 07:27:24 AM
What we need the most is a decentralized store of value. We are going to need this specially on times of total chaos when it comes to fiat money in general. The geopolitical situation is tense. World War 3 isn't that far fetched at this point. I hope it doesn't come down to that, but it's a possibility.

What we need is decentralized gold, not a way to buy some starbucks coffee. Bitcoin is our decentralized gold, and we must protect it, by fighting the Roger Vers, the Mike Hearns, and the Jeff Garziks of this world, and anyone that wants to hardfork it into a mess for that matter.

I still wanted to buy coffee using bitcoin than storing it. Is buying a starkbucks using bitcoin not a way of protecting it?
It is ofcourse indeed way of protecting its economic state. What is the purpose of storing bitcoin without value if you do not allow it to circulate on the market. In times of chaos a bitcoin which is purchasable is more useful than a probably dead value of digital assets
jr. member
Activity: 154
Merit: 1
October 11, 2018, 06:56:08 AM
The way the blockchain technology is used can be completely different, and the degree of decentralization is only a parameter that can have different values and advantages in any sphere.
hero member
Activity: 1204
Merit: 500
October 10, 2018, 12:18:45 PM
Blockchain technology is a revolutionary innovative technology that, if used correctly, can make positive changes in the economic sphere and trade relations.
well, at the moment I think it's still in the development stage. Of course this is needed for anyone who wants to improve their transaction system on the internet. well, and I think many people have tried to implement the blockchain system.
jr. member
Activity: 238
Merit: 1
October 10, 2018, 12:09:53 PM
Blockchain technology is required of each country and economy to grow at a faster rate. It goes a long way to help maximise how the economy will grow at that faster rate.
jr. member
Activity: 364
Merit: 3
GIGZI - INDEPENDENT WEALTH MANAGEMENT
October 10, 2018, 10:09:28 AM
That is true about blockchain technology, in dealing with cryptocurrency and the ICOs project being launched should have blockchain technology on that projects so be it , blockchain is important in every project ,inorder to have smooth promotion of project that deals with cryptocurrency technology.
hero member
Activity: 910
Merit: 500
October 10, 2018, 09:40:36 AM
Blockchain technology is a revolutionary innovative technology that, if used correctly, can make positive changes in the economic sphere and trade relations.
member
Activity: 406
Merit: 19
October 10, 2018, 02:55:44 AM
Blockchain technology has become very popular since the price of bitcoin soared in December 2017. At that time its name was increasingly known to the public. However very rarely do people have a clear idea about this technology.

But, have a look at the others on the market. I don't even know why should people use their service. There is no real use in real life.

If I had a company, I would implement it into the financial system which's in my company. Because, blockchain technology is very reliable in automating hundreds of transactions, even if only in seconds.
hero member
Activity: 952
Merit: 500
October 10, 2018, 02:38:54 AM
Blockchain is distributed ledger based technology which is more secure and trusted than any other technology,  It is faster, open source no need special permission to come into blockchain world. There are many applications where blockchain can be used for i.e. financial institutions, Dapps, supply chain and logistics and many more. wide number of application.
and today many government and institution begin to implement blockchain technology in their field.and maybe on 2020 could be moment for implementation blockchain technology in any fields.
Right now blockchain technology is being developed in many countries because blockchain is now a new technology. not a matter of bitcoin but people are attracted to this technology which is indeed efficient
sr. member
Activity: 560
Merit: 250
October 10, 2018, 02:32:04 AM
People are trying to make money from simple projects that are really trash, some others invest and lose their money, and these worthless projects are being abandoned by time. Don't worry about technology and blame people for being so stupid. However, blockchain technology is a universal technology that can be used for various valuable projects.
sr. member
Activity: 1932
Merit: 448
October 10, 2018, 02:11:43 AM
I don't care about how highers of technology by blockchain, I am focus on how can I increase and take much profit with bitcoin and altcoin investment, trying buy altcoin or bitcoin at lower price and keep selling when higher price of bitcoin or altcoin. Always doing the same thing every day.
i know what you mean. as long as there is an opportunity to make money, then it is used as well as possible. like blockchain technology, which carries cryptocurrency. but we need to remember that blockchain has been used in several companies to support its activities
well, that means this technology has been badly needed by some large companies. Well, I know, so many companies are trying to use blockchain. it can be said that blockchain is needed for current development.
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