Does bitcoin important in blockchain world ? - page 3.

louie69

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Quote from: raven7886 on January 10, 2018, 03:13:59 PM

Quote from: godzillarekt007 on December 22, 2017, 04:47:14 PM

Not only is it important it plays an integral and vital role in how beginners understand the industry. When I first got into Bitcoin it was because I knew about Bitcoin not because of altcoins, or because of cryptocurrency, or cryptography, or "mooning". None of those I knew about all I knew was Bitcoin existed and it seemed awesome and from there we gain and expand our knowledge about blockchains.

Yeah, most people in the crypto space today got a hint of bitcoin first and gradually got to know all about the blockchain technology being the base for bitcoin before they even start getting a hint of other cryptocurrencies. The role of bitcoin in the blockchain world is highly important and this is a role that would keep being in relevance for the rest of the crypto space life.

Bitcoin is highly important. The first cryptocurrency that the blockchain technology gave birth to was bitcoin and that is what totally make bitcoin different and why other coins are totally classified as altcoins and that is what they will always be, no matter how the bankers try to push a centralized bullshit up if you know what I am saying. Bitcoin serves as the main one that other coins just decided to build on.

In my opinion, bitcoin is important in the blockchain world because it is the entry why the blockchain technology has been in creation thus it is considered to be significant. Since bitcoin is the most popular with a very high currency value, blockchain will be able to offer its platform in the world using the new technology to build a good financial system.

raven7886

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Quote from: godzillarekt007 on December 22, 2017, 04:47:14 PM

Not only is it important it plays an integral and vital role in how beginners understand the industry. When I first got into Bitcoin it was because I knew about Bitcoin not because of altcoins, or because of cryptocurrency, or cryptography, or "mooning". None of those I knew about all I knew was Bitcoin existed and it seemed awesome and from there we gain and expand our knowledge about blockchains.

Yeah, most people in the crypto space today got a hint of bitcoin first and gradually got to know all about the blockchain technology being the base for bitcoin before they even start getting a hint of other cryptocurrencies. The role of bitcoin in the blockchain world is highly important and this is a role that would keep being in relevance for the rest of the crypto space life.

Bitcoin is highly important. The first cryptocurrency that the blockchain technology gave birth to was bitcoin and that is what totally make bitcoin different and why other coins are totally classified as altcoins and that is what they will always be, no matter how the bankers try to push a centralized bullshit up if you know what I am saying. Bitcoin serves as the main one that other coins just decided to build on.

xuan87

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Yes, Bitcoin is the reason people know blockchain, and Bitcoin is the first most successful coin using blockchain technology, so it can be say that blockchain technology is introduce because of Bitcoin and after Bitcoin successful, blockchain being implemented in a lot of alt coins

Roukawa

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Of course yes! The transaction cannot be processed and recorded without blockchain. There is no called mining without blockchain. That's why blockchain is needed and important in bitcoin.

vv181

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Quote from: newwest on January 06, 2018, 12:28:01 AM

Quote from: pentol86 on January 05, 2018, 10:40:58 PM

blockchain is the reason why bitcoin still exist. blockchain technology now adopted and modified to make more fast transaction or used with other coins, thats why bitcoin cant leave blockchain, its my opinion

Today we all know blockchain technology is due to bitcoin. Reason of this technology got so much promoted in the world to layman was when the btc prices started to rise and crossed 10k or so. Thus removing the btc itself would be like removing this technology though now we have huge list of other coins being build on this technology.

The blockchain is already invented before Bitcoin released, 1991 to be exact. Then at 2008, Satoshi popularized Bitcoin using Blockchain technology. But yeah Blockchain will not be popular if it isn't because of Bitcoin.

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Quote from: pentol86 on January 05, 2018, 10:40:58 PM

blockchain is the reason why bitcoin still exist. blockchain technology now adopted and modified to make more fast transaction or used with other coins, thats why bitcoin cant leave blockchain, its my opinion

Today we all know blockchain technology is due to bitcoin. Reason of this technology got so much promoted in the world to layman was when the btc prices started to rise and crossed 10k or so. Thus removing the btc itself would be like removing this technology though now we have huge list of other coins being build on this technology.

yndye

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Quote from: nursahath07 on December 17, 2017, 08:21:52 AM

Actually people don’t know so much about blockchain but they love and they have strong feeling for blockchain. People are infatuated on blockchain. People start their journey with blockchain that lead to bitcoin and day by day it earns a strong feeling on digital currency which help the people for earning money at any situation. Now this is much more excited in virtual currency and also popular like other national or international or local currency without doubt is so much important and interrelated to blockchain world.

Bitcoin has been the gateway why blockchain technology has been in existence so it would be important in blockchain. Due to the creation of bitcoin, people have been able to make other digital currencies base on its technology which is a big help for the people and will have a big impact on the technology nowadays. Maybe one day, if ever bitcoin loses its value, blockchain would still be used and people would always remember the coin behind the blockchain technology and be glad that it was created.

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Quote from: nursahath07 on December 17, 2017, 08:21:52 AM

Actually people don’t know so much about blockchain but they love and they have strong feeling for blockchain. People are infatuated on blockchain. People start their journey with blockchain that lead to bitcoin and day by day it earns a strong feeling on digital currency which help the people for earning money at any situation. Now this is much more excited in virtual currency and also popular like other national or international or local currency without doubt is so much important and interrelated to blockchain world.

First we have to understand that blockchain is the underlying technology behind bitcoin. Without blockchain there wouldn't be bitcoin. So they are really related to one another. However, I don't know if people started their journey with blockchain initially, that lead them to bitcoin. From my own experience, I started with bitcoin and learn the technology behind it and learn to appreciate this lovely technology. And if you took a closer look at this technology, one of the industry that will really take advantage of it is the banking system. However, banks I'm not sure what going on behind the scene, because if this is really implemented, the current model of the banking system will changed a lot, like reducing its employees, because blockchain will greatly reduced paper work, impacting a lot of people working in the banking industry. And maybe this is one reason why banking industry is very slowly adopting blockchain.

ice18

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I think yes its important because its the basis of all blockchain projects from the beginning if in the future that new kind of blockchain technology will arise still bitcoin plays an important role in a blockchain ecosystem.

pentol86

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blockchain is the reason why bitcoin still exist. blockchain technology now adopted and modified to make more fast transaction or used with other coins, thats why bitcoin cant leave blockchain, its my opinion

zhanyiguai261315

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Bitcoins as blocks in the chain of the first COINS, meaning is very special, and occupies a very important role in the block chain, many people use the bitcoins price has been rising, many imitators have been chasing the footsteps of the currency, in a very long period of time, bitcoins industry status will not be shaken.

Hydrogen

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Blockchain is becoming a buzzword everyone uses. But I think that few know what "blockchain" means or comprehend its significance(including myself

).

The impression I get is: blockchain is a better mousetrap. The software design and implementation of blockchain as a banking system is cheaper and better in several different ways in comparison to traditional (and very old) banking systems which utilize ACH's (automated clearing houses). I'm not an expert or super knowledgeable on financial or banking systems, but that's the best I can come up with and I would very much like to see someone correct me or provide a better explanation for why blockchain could represent a next generation banking system.

Reasons for blockchain being significantly better could be its design shift towards trustless systems which cut down on the amount of manpower required to carry out an average number of transactions. In that sense, blockchain could sever middle men from the business plan similar to what amazon and to a lesser extent, walmart achieved.

Anyways, I wish someone would chime in here. This could be an interesting discussion/debate in the making, even on a superficial level.

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Quote from: nursahath07 on December 17, 2017, 08:21:52 AM

Actually people don’t know so much about blockchain but they love and they have strong feeling for blockchain. People are infatuated on blockchain. People start their journey with blockchain that lead to bitcoin and day by day it earns a strong feeling on digital currency which help the people for earning money at any situation. Now this is much more excited in virtual currency and also popular like other national or international or local currency without doubt is so much important and interrelated to blockchain world.

It is indeed inportant in blockchain world, without a doubt bitcoin serves as the barometer in all cryptocurrency that is why every trading site has bitcoin in their exchanges and the fee for the blockchain is through bitcoin. Which means bitcoin really is essential in digital currency which is the counterpart of dollar in real world.

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Quote from: Wipro on January 05, 2018, 12:29:24 PM

Quote from: hula hula on January 05, 2018, 12:22:59 PM

very important,, a lot of people who know more about bitcoin than the blockchain. and I think bitcoin has made a blockchain is getting better.

Hey bitcoin is the crypto currency dude not a technology. You seems no knowledge to understand what is bitcoin and what is blockchain. So you please read about these in the Google search or the available information on Youtube and all.
Then only you will be able to understand the difference. In blockchain ledger first added crypto currency in bitcoin only and there is completely evolved around the blockchain bro.

Yeah, blockchain is the new technology behind the bitcoin. Bitcoin is the major invention on blockhain technology and that is why blockchain is so popular. And I don't see there is any new invention coming anytime soon build on blockchain technology that will be bigger than bitcoin or cryptocurrencies in general.

slashz9

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I do not understand what you mean, but yes of course bitcoin plays an important role in the world of blockchain I think, because he is the first digital currency. so he has a lot of influence in the world of blockchain. for example if bitcoin price increases /decrease.of course will effect on other currencies.

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Without bitcoin there likely is no blockchain at least not this version which we have now. The inception coin would have probably been something else then and the world would be completely altered. It is pretty funny that bitcoin started this whole thing yet noobs of late literally have zero knowledge about the whole industry and are trying to invest. Makes me feel like a savvy pro and that is not even kinda close to the truth lol.

tomhutchinson

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Quote from: nursahath07 on December 17, 2017, 08:21:52 AM

Actually people don’t know so much about blockchain but they love and they have strong feeling for blockchain. People are infatuated on blockchain. People start their journey with blockchain that lead to bitcoin and day by day it earns a strong feeling on digital currency which help the people for earning money at any situation. Now this is much more excited in virtual currency and also popular like other national or international or local currency without doubt is so much important and interrelated to blockchain world.

Bitcoin is make blockchain blockchain. people know about bitcoin more than blockchain.

blockchain started from 1990’s and only known after 2010

jrrsparkles

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Yes it is very useful in today's people life people love bitcoin very much like their own currencies it is due to the development of bitcoin's value in a short period and investing in bitcoin gives a good profits for their later use .

Wipro

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Quote from: hula hula on January 05, 2018, 12:22:59 PM

very important,, a lot of people who know more about bitcoin than the blockchain. and I think bitcoin has made a blockchain is getting better.

Hey bitcoin is the crypto currency dude not a technology. You seems no knowledge to understand what is bitcoin and what is blockchain. So you please read about these in the Google search or the available information on Youtube and all.
Then only you will be able to understand the difference. In blockchain ledger first added crypto currency in bitcoin only and there is completely evolved around the blockchain bro.

hula hula

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very important,, a lot of people who know more about bitcoin than the blockchain. and I think bitcoin has made a blockchain is getting better.

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