I can smell the fear - page 3. | Bitcointalksearch.org

findftp

legendary

Activity: 1022

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Delusional crypto obsessionist

Quote from: Denker on July 28, 2015, 04:34:09 PM

Quote from: Orangina on July 28, 2015, 11:53:01 AM

Quote from: spazzdla on July 28, 2015, 11:23:23 AM

Banks going on about how Bitcoin is useless but the blockchain is great..

Paypal advertising sending money across boarders claming speed and security..

Can you smell it in the air?

Not really , there is already two big known and famous Banks on France which are planning to add Bitcoin to their system soon and they are in Beta (BNP PARIBAS & Société Générale)

Any source?
Because I highly doubt that. Implementing Blockchain yes they will do. But I doubt it will be Bitcoin.

The safest blockchain is the one from bitcoin.
Blockchain without bitcoin is called MySQL.

Denker

legendary

Activity: 1442

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Quote from: Orangina on July 28, 2015, 11:53:01 AM

Quote from: spazzdla on July 28, 2015, 11:23:23 AM

Banks going on about how Bitcoin is useless but the blockchain is great..

Paypal advertising sending money across boarders claming speed and security..

Can you smell it in the air?

Not really , there is already two big known and famous Banks on France which are planning to add Bitcoin to their system soon and they are in Beta (BNP PARIBAS & Société Générale)

Any source?
Because I highly doubt that. Implementing Blockchain yes they will do. But I doubt it will be Bitcoin.

meono

full member

Activity: 196

Merit: 100

Quote from: squadouche on July 28, 2015, 12:29:47 PM

Quote from: LiteCoinGuy on July 28, 2015, 12:19:49 PM

their blockchains will work like Intranets today. it will not affect "our" bitcoin internet of money.

"Permissioned ledgers and closed, centralized blockchains such as Eris, Hyperledger, Ripple etc., rely on trust and central key holders."

that is indeed what i'm talking about. It will not affect 'our' bitcoin and it has nothing to do with the bitcoin we trade with.

It will, ppl will quickly realize how flawed their socalled "blockchain" is, and realize bitcoin is what they want. Not some McDonald's vouchers.

meono

full member

Activity: 196

Merit: 100

Quote from: Hazir on July 28, 2015, 12:43:44 PM

Quote from: BTCBinary on July 28, 2015, 12:34:49 PM

there must be an incentive to put a blockchain to work, and a private bank blockchain would simply be unfeasable againt the Bitcoin Blockchain...

It will fueled by their own servers farm, they don't need that much of a computing power after all, they won't be dealing with spam and micro 'dust' transaction in their version of blockchain.
Bitcoin's Blockchain is susceptible to spam attacks, private regulated blockchain won't be. It will be a perfect technology for them, and banks will get it for free...

LOL they already had it. Its called database dumb ass....

Why would they need a "farm" to "compute" a database?

You're stupid on so many level, not even funny.

tspacepilot

legendary

Activity: 1456

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I may write code in exchange for bitcoins.

Quote from: dothebeats on July 28, 2015, 12:24:57 PM

Quote from: LiteCoinGuy on July 28, 2015, 12:19:49 PM

their blockchains will work like Intranets today. it will not affect "our" bitcoin internet of money.

"Permissioned ledgers and closed, centralized blockchains such as Eris, Hyperledger, Ripple etc., rely on trust and central key holders."

Er, I cannot imagine the point of having a centralized block chain. Having a centralized block chain would probably be pointless because no one will ever, ever lend their power to calculate algorithms and confirm transactions without even seeing what they're doing. Well I guess banks are just fooling themselves in harboring the block chain tech but using it against its original intended use (transparent transactions and trust-less system.)

I agree with what seems to be your main thrust that decentralization and trustlessness are crucial. However, even a centralized blockchain allows data to be indelibly recorded (as long as the blockchain is published publically) because future blocks incorporate the hash of previous blocks. This coulds also be useful for deciding which "buy order" arrived first in the case of trading. Again, I agree that decentralization is important and crucial for a public project like bitcoin, but I can see utility in a centralized blockchain, just not as great a utility as a decentralized one.

Meuh6879

legendary

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Quote from: Xialla on July 28, 2015, 11:31:38 AM

it is logical, because blockchain can improve their services and help them but bitcoin slowly killing them.

improve ?

6000 nodes is not "professionnaly" selled to a entreprise ... to secure a network.
4 data center are better.

that's why Blockchain strategy only work with numbers (like all P2P software since 1999).

ducatitalia

sr. member

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100% Positive EBAY Feedback Since 2001

Quote from: spazzdla on July 28, 2015, 11:23:23 AM

Banks going on about how Bitcoin is useless but the blockchain is great..

Paypal advertising sending money across boarders claming speed and security..

Can you smell it in the air?

No question about it. When Fortune and MIT start reporting and discussing the same...then the idea has certainly gone mainstream. And this is an old article...

http://fortune.com/2014/11/20/why-banks-fear-bitcoin/

dothebeats

legendary

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Cashback 15%

Quote from: squadouche on July 28, 2015, 12:29:47 PM

Quote from: LiteCoinGuy on July 28, 2015, 12:19:49 PM

their blockchains will work like Intranets today. it will not affect "our" bitcoin internet of money.

"Permissioned ledgers and closed, centralized blockchains such as Eris, Hyperledger, Ripple etc., rely on trust and central key holders."

that is indeed what i'm talking about. It will not affect 'our' bitcoin and it has nothing to do with the bitcoin we trade with.

Agreed, this has nothing to do with bitcoin as their centralized block chains would have nothing to do with bitcoin in the first place. Also, for a block chain ledger to work, there must be an incentive for working on it. Bank coin?

LiteCoinGuy

legendary

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In Satoshi I Trust

Quote from: Hazir on July 28, 2015, 12:43:44 PM

Quote from: BTCBinary on July 28, 2015, 12:34:49 PM

there must be an incentive to put a blockchain to work, and a private bank blockchain would simply be unfeasable againt the Bitcoin Blockchain...

It will fueled by their own servers farm, they don't need that much of a computing power after all, they won't be dealing with spam and micro 'dust' transaction in their version of blockchain.
Bitcoin's Blockchain is susceptible to spam attacks, private regulated blockchain won't be. It will be a perfect technology for them, and banks will get it for free...

So that they can do whatever they want with their chain......in that case they could simply use a word-document Grin

RodeoX

legendary

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The revolution will be monetized!

Mmmm... Do you smell that? That smell of paper money burning?

Hazir

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★Nitrogensports.eu★

Quote from: BTCBinary on July 28, 2015, 12:34:49 PM

there must be an incentive to put a blockchain to work, and a private bank blockchain would simply be unfeasable againt the Bitcoin Blockchain...

It will fueled by their own servers farm, they don't need that much of a computing power after all, they won't be dealing with spam and micro 'dust' transaction in their version of blockchain.
Bitcoin's Blockchain is susceptible to spam attacks, private regulated blockchain won't be. It will be a perfect technology for them, and banks will get it for free...

BTCBinary

hero member

Activity: 504

Merit: 500

Quote from: amaclin on July 28, 2015, 11:40:19 AM

Quote from: spazzdla on July 28, 2015, 11:23:23 AM

Banks going on about how Bitcoin is useless but the blockchain is great..

Noboby will secure transactions (build blockchain) for free (without award)
blockchain without hash power is useless.
So this smells as a bullshit

There you have it!
there must be an incentive to put a blockchain to work, and a private bank blockchain would simply be unfeasable againt the Bitcoin Blockchain...

squadouche

newbie

Activity: 5

Merit: 0

Quote from: LiteCoinGuy on July 28, 2015, 12:19:49 PM

their blockchains will work like Intranets today. it will not affect "our" bitcoin internet of money.

"Permissioned ledgers and closed, centralized blockchains such as Eris, Hyperledger, Ripple etc., rely on trust and central key holders."

that is indeed what i'm talking about. It will not affect 'our' bitcoin and it has nothing to do with the bitcoin we trade with.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: LiteCoinGuy on July 28, 2015, 12:19:49 PM

their blockchains will work like Intranets today. it will not affect "our" bitcoin internet of money.

"Permissioned ledgers and closed, centralized blockchains such as Eris, Hyperledger, Ripple etc., rely on trust and central key holders."

Er, I cannot imagine the point of having a centralized block chain. Having a centralized block chain would probably be pointless because no one will ever, ever lend their power to calculate algorithms and confirm transactions without even seeing what they're doing. Well I guess banks are just fooling themselves in harboring the block chain tech but using it against its original intended use (transparent transactions and trust-less system.)

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

their blockchains will work like Intranets today. it will not affect "our" bitcoin internet of money.

"Permissioned ledgers and closed, centralized blockchains such as Eris, Hyperledger, Ripple etc., rely on trust and central key holders."

squadouche

newbie

Activity: 5

Merit: 0

Quote from: nextgencoin on July 28, 2015, 12:07:44 PM

Quote from: squadouche on July 28, 2015, 11:55:00 AM

Banks are not interested in bitcoin, but they are in the technology behind in. The blockchain technology to be specific. In this way, you can say: 'yes you can seperate bitcoin from the blockchain'.

i'm sure the blockchain technology would help banks and other instances like nasdaq a lot, but this will not affect the bitcoin itself.

Correct me if i'm wrong

If you understand how most banks make their money and how the world is basically hostage to the money printing of the the central banks tend YES I would say they are friken interested in Bitcoin and yes they fear it. But they have got to the point that they can't kill it, so they have to join it by making a bastardised version for the masses. I predicted this months ago.

the question is, will that bastardised version still have to do something with the bitcoins we use today or will they create something new on the current technology.

nextgencoin

legendary

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Quote from: squadouche on July 28, 2015, 11:55:00 AM

Banks are not interested in bitcoin, but they are in the technology behind in. The blockchain technology to be specific. In this way, you can say: 'yes you can seperate bitcoin from the blockchain'.

i'm sure the blockchain technology would help banks and other instances like nasdaq a lot, but this will not affect the bitcoin itself.

Correct me if i'm wrong

If you understand how most banks make their money and how the world is basically hostage to the money printing of the the central banks tend YES I would say they are friken interested in Bitcoin and yes they fear it. But they have got to the point that they can't kill it, so they have to join it by making a bastardised version for the masses. I predicted this months ago.

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

Quote from: squadouche on July 28, 2015, 11:55:00 AM

Banks are not interested in bitcoin, but they are in the technology behind in. The blockchain technology to be specific. In this way, you can say: 'yes you can seperate bitcoin from the blockchain'.

i'm sure the blockchain technology would help banks and other instances like nasdaq a lot, but this will not affect the bitcoin itself.

Correct me if i'm wrong

Nasdaq is using the bitcoin blockchain.

blockchain without a token is a centralised database. useful of course. groundbreaking? no.

squadouche

newbie

Activity: 5

Merit: 0

Banks are not interested in bitcoin, but they are in the technology behind in. The blockchain technology to be specific. In this way, you can say: 'yes you can seperate bitcoin from the blockchain'.

i'm sure the blockchain technology would help banks and other instances like nasdaq a lot, but this will not affect the bitcoin itself.

Correct me if i'm wrong

LiteCoinGuy

legendary

Activity: 1148

Merit: 1014

In Satoshi I Trust

i smell puh

https://www.youtube.com/watch?v=NShCEMZ9wY0

Topic: I can smell the fear - page 3. (Read 3438 times)