Bitcoin is a bigger deal than it was when it started. It has taken a few hits along the way, but it has continued to grow. I expect it to continue. The decentralized Bitcoin market (such as OpenBazaar) is still in the early stages, but it already works, and it will become better (and anonymous) in 2 or 3 years, maybe less.
Topic: How huge is the Bitcoin Invention in History? (Read 838 times)
bitcoin invention is a really huge thing in the history of man kind, in my opinion it will be revolutionary and it will make a financial system we have a fat better thing than it is now
If u think about history, inventing the wheel, electricity, industrial revolution, airplanes, computers, and all those nifty inventions that redefined the human life - do u feel that Bitcoin can be compared to this? Or is Bitcoin nothing really new and more of a simple digital reinvention of assets?
~CfA~
I feel like BTC is indeed something comparable with these things. It leads to a unique understanding of what money is. I mean that money is now not only something expensive itself or something which price is guarenteed by something expensive ~CfA~
I think for me bitcoin is one of the great invention you can transfer bitcoin fast all over the world easy without knowing your real identity..
Also because of bitcoin many inventions are appearing like those miners s5 s7 s9 because of mining they are noinvested to get free electricity or to increase their profit from using solar or someone invested they are using the wheell mill..
Also they are invested also bitcoin ATM..
Also because of bitcoin many inventions are appearing like those miners s5 s7 s9 because of mining they are noinvested to get free electricity or to increase their profit from using solar or someone invested they are using the wheell mill..
Also they are invested also bitcoin ATM..
we wont really know for like 100 years how big the invention was. If it stays and gets people to open their eyes to crappy fiat and their printing presses and gets people using electronic currency then whether bitcoin dies or not it was a huge invention that led to more spin offs. When I say people I mean the "masses".
But at this point its somewhere near the hair dryer and dishwasher but skies the limit
But at this point its somewhere near the hair dryer and dishwasher but skies the limit
I think it is worth about 100 Nobel prize. It is the first time in the human history that we will use a non inflationary currency.
for me i think it is a remarkable invention but i will like to add that the actual graph of the bitocin invention can be shown when minimum 5o% of people start using bitcoin.
right now, big invention with a even bigger new money concept... but only time will tell how big.
Bitcoin is a path breaking innovation because it changed the entire concept of online money. It came up with a concept that money can be mined through a computer program. It completely changes the thinking of existing online earners.
It has given the power to the common man by inventing a decentralized currency for the first time in history.
It has given the power to the common man by inventing a decentralized currency for the first time in history.
people dont appreciate it as much right now, because not everyone knows about btc. only like 3% of people actually use bitcoin. but in the future if btc gets big itll be considered a big invention.
For me it is pretty unique in the sense that it is totally decentralized and the fact that it's the first time that we as humans solved the Byzantine Generals Problem So we have a piece of tech that
solved many problems and it was disruptive by nature. This will be seen as the next form of money in the future, even if it is not the Bitcoin token. So to the negative pessimists out there, please name
one technology that accomplished this feat.
solved many problems and it was disruptive by nature. This will be seen as the next form of money in the future, even if it is not the Bitcoin token. So to the negative pessimists out there, please name
one technology that accomplished this feat.
If u think about history, inventing the wheel, electricity, industrial revolution, airplanes, computers, and all those nifty inventions that redefined the human life - do u feel that Bitcoin can be compared to this? Or is Bitcoin nothing really new and more of a simple digital reinvention of assets?
No. The impact of the invention of bitcoin is comparable to the above. It is the first time we can have financial freedom and save money in own pocket.
There had been several digital tokens before that.Even most of the fiat money of each nation is hold as digital numbers today.
What makes Bitcoin so special is that it is the first decentralized, cryptographically secured form of money.Big difference!
What makes Bitcoin so special is that it is the first decentralized, cryptographically secured form of money.Big difference!
Very true, Bitcoin public ledger is also the first public currency ledger you can check anytime in full to prove there is nothing unusual going on, also know as trustless currency because you dont need trust any authority anymore - you can check it yourselves instead. You cant do this with any other fiat currency as they dont have public ledgers thus you need to trust the authority everything is ok.
This gives a lot of trust to Bitcoin, and is indeed revolutionary invention in currency field. I wonder whether people going to use fiat in future as well, considering there is cryptocurrency alternative which is corruption free because everything is open and checkable by anyone, including the public ledger.
Id say its a pretty big thing invention wise, its probably a bit too early yet to tell if it will go down in history because i believe there has been internet money before bitcoin (emoney i think) but not in the same decentralised way. i suppose in years to come if it or its successor becomes truly global with mass adoption then it will be considered more as a great invention.
If u think about history, inventing the wheel, electricity, industrial revolution, airplanes, computers, and all those nifty inventions that redefined the human life - do u feel that Bitcoin can be compared to this? Or is Bitcoin nothing really new and more of a simple digital reinvention of assets?
~CfA~
~CfA~
Fake gold = not new
http://www.antiquemoney.com/wp-content/uploads/2012/11/20-1928-gold-certificate.jpg
Digital currency = not new
http://b-i.forbesimg.com/greatspeculations/files/2013/04/MS-Supply.png
Pooling GPUs to make computations = not new
https://en.wikipedia.org/wiki/Molecular_modeling_on_GPUs
Quote
Abalone - Molecular Dynamics (Benchmark)
AMBER on GPUs version
Ascalaph on GPUs version – Ascalaph Liquid GPU
BigDFT Ab initio program based on wavelet
Blaze ligand-based virtual screening
Desmond (software) on GPUs, workstations, and clusters
Firefly/PC GAMESS
FastROCS
GOMC - GPU Optimized Monte Carlo simulation engine
GPIUTMD – Graphical processors for Many-Particle Dynamics
GROMACS on GPUs version
HALMD – Highly Accelerated Large-scale MD package
HOOMD-blue – Highly Optimized Object-oriented Many-particle Dynamics—Blue Edition
LAMMPS on GPUs version – lammps for accelerators
Octopus has support for OpenCL.
oxDNA - DNA and RNA coarse-grained simulations on GPUs
PWmat – Plane-Wave Density Functional Theory simulations
TeraChem - Quantum chemistry and ab initio Molecular Dynamics
VMD & NAMD on GPUs versions
YASARA runs MD simulations on all GPUs using OpenCL.
Crafting a pyramid scheme = not new
Bitcoin of course is great invention, and probably will go in the history. Even today you can find something in Wikipedia https://en.wikipedia.org/wiki/Bitcoin 
Just to keep thing is perspective:
https://en.wikipedia.org/wiki/Nose-picking
I think bitcoin is a pretty huge invention,as i know this is the first digital money that being created and being used in whole world, it has gain so many attention from all over the world, so i think its a pretty important things that ever being created by mankind
Bitcoin is not the first digital money at all.
There had been several digital tokens before that.Even most of the fiat money of each nation is hold as digital numbers today.
What makes Bitcoin so special is that it is the first decentralized, cryptographically secured form of money.Big difference!
Imo it's invention is as big as the internet itself.The first time we were able to mimic a cash trade in a pure digital manner.The last missing piece since we are able to share data like information, pics, videos, music etc. over the internet.
I think bitcoin is a pretty huge invention,as i know this is the first digital money that being created and being used in whole world, it has gain so many attention from all over the world, so i think its a pretty important things that ever being created by mankind
Bitcoins is a huge invention in the history of humankind. It is in the same stage where internet was 30 years ago !!!! Bitcoins are chaging the way we look at our daily lives. It has revolutionized our digital world making our financial works easier and safe.
Bitcoin of course is great invention, and probably will go in the history. Even today you can find something in Wikipedia https://en.wikipedia.org/wiki/Bitcoin
I think time will tell, a bit too early at the moment to see how bitcoin itself will be seen historically, the blockchain however will probably have more of an impact on the history books as this will be adopted into many different industries and change the way a lot of companies work.
Jump to: