Topic: INTERNET = BITCOIN? - page 10. (Read 2849 times)
And the funny thing about that statement the fact that people are resisting and rejecting Bitcoin in the same manner that they have rejected and resisted the internet dominion in the past, but bitcoin will be the winner just the same as Internet is.
"Not only that but bitcoin could end up being even bigger than the internet
in terms of how much this new technology disrupts just about everything
we do.The internet disrupted many things and Tim Draper says that bitcoin
and the underlying blockchain technology could go even beyond that."
in terms of how much this new technology disrupts just about everything
we do.The internet disrupted many things and Tim Draper says that bitcoin
and the underlying blockchain technology could go even beyond that."
I think we can’t say that it was equal because that was two different things even though bitcoin was depending on internet. Bitcoin was nothing and will not exists if there is no internet. No one will recognize it and spread to the whole world without internet. We can’t find information about bitcoin without internet and also bitcoin will die without internet.
In my understanding, If internet was not invented then there would be no bitcoin. For me, bitcoin's existence is dependent on the internet since it's technology needs internet to run the system. Internet has big contribution to bitcoin's success and therefore, people should be more thankful with the internet technology because we had bitcoin today that people could able to generate and earn profit.
I really appreciate your conception because as the whole market of cryptocurrency is based on internet and without it we cannot even think of it so, i fully agree with you.
I can say Bitcoin is a subset of Internet, that is another equation. Without Internet bitcoins won't be possible and no blockchain transaction will be effected. As internet was scarce at its inception stage but now common to every common man, so will bitcoin be in the near future.
why i made a title like that because basically the internet has the same properties with bitcoin ie:
1. Equally made by humans if bitcoin was made in 2009 by Satoshi Nakamoto, while the Internet was created from a computer network established by the US Department of Defense in 1969.
2. The first equation between Bitcoin and the Internet is that Bitcoin is an efficient, decentralized and moving infrastructure based on protocols open to the public.
and for the difference include:
Bitcoin does not transfer data packets in a dynamic network and circuitry like the one on the internet, but builds trust among users to run its systems efficiently and decentralized.
Although you can argue that the ledger, Bitcoin is "central", it is actually created through decentralized mechanical consensus.
how do you think it all?
There are many individuals going by frequently the web, it might be their activity or only an approach to breathe easy or perhaps they required something. Many individuals got dependent on it since you can do whatever you need from it except if a few destinations are prohibited at you. 1. Equally made by humans if bitcoin was made in 2009 by Satoshi Nakamoto, while the Internet was created from a computer network established by the US Department of Defense in 1969.
2. The first equation between Bitcoin and the Internet is that Bitcoin is an efficient, decentralized and moving infrastructure based on protocols open to the public.
and for the difference include:
Bitcoin does not transfer data packets in a dynamic network and circuitry like the one on the internet, but builds trust among users to run its systems efficiently and decentralized.
Although you can argue that the ledger, Bitcoin is "central", it is actually created through decentralized mechanical consensus.
how do you think it all?
You can take after individuals, you can stalk a few superstars and you can even converse with them. It may not give the administration as the same as Bitcoin however later on installment will be the same, yet the thing is it may not be Bitcoin.
I think Bitcoin is not the Internet, I think Bitcoin is part of the Internet which is a merger between the public trust about bitcoin is money and the internet itself is intangible, but it can be used
but in fact that bitcoin can not be used if there is no internet. I think that bitcoin really needs internet. even if there is no internet then bitcoin will die
They Are Different, Never be equated with each other. In terms of usefulness it has also been clearly different. To run bitcoin or do bitcoin transactions is indeed needed by the internet, but that doesn't mean the internet is bitcoin. They are connected to each other to run or process transaction data from people.
Strange comparison. You've made an interesting comparison.
Of course, these concepts have similar properties..But still, these concepts are different.
There is a token that is much closer to the Internet. It's an NKN coin.
The Creator of the Internet participated in the development of this project.
Of course, these concepts have similar properties..But still, these concepts are different.
There is a token that is much closer to the Internet. It's an NKN coin.
The Creator of the Internet participated in the development of this project.
International Bank for Reconciliation (BIS) has warned that digital currencies like bitcoin could "overwhelm and disrupt Internet" if they continue to grow.
Mr.Mersch claims that digital currencies are "not monetary" and their effects on the real economy are still limited. However, he admits that "this may change" in the future.
Mr.Mersch claims that digital currencies are "not monetary" and their effects on the real economy are still limited. However, he admits that "this may change" in the future.
These two elements are very closely related, can be imagined if Bitcoin is without internet network. So I agree with the statement that internet = Bitcoin.
Without internet, bitcoin could not be used. So it’s a part of the internet. Comparing these two things is not right I guess.
Bitcoin needs internet. It only exists when internet exists so internet is only the way for it to shutdown and lost value. Bitcoin is dependent on internet that is why slow connection of internet won't make you work effectively when you do is trading. Without internet, bitcoin cannot live this far and no one can access on it. 
why i made a title like that because basically the internet has the same properties with bitcoin ie:
1. Equally made by humans if bitcoin was made in 2009 by Satoshi Nakamoto, while the Internet was created from a computer network established by the US Department of Defense in 1969.
2. The first equation between Bitcoin and the Internet is that Bitcoin is an efficient, decentralized and moving infrastructure based on protocols open to the public.
and for the difference include:
Bitcoin does not transfer data packets in a dynamic network and circuitry like the one on the internet, but builds trust among users to run its systems efficiently and decentralized.
Although you can argue that the ledger, Bitcoin is "central", it is actually created through decentralized mechanical consensus.
how do you think it all?
it's possible of course if bitcoin is directly related to the internet network, because bitcoin uses the development of technology and the development of the times in working and accessing it 1. Equally made by humans if bitcoin was made in 2009 by Satoshi Nakamoto, while the Internet was created from a computer network established by the US Department of Defense in 1969.
2. The first equation between Bitcoin and the Internet is that Bitcoin is an efficient, decentralized and moving infrastructure based on protocols open to the public.
and for the difference include:
Bitcoin does not transfer data packets in a dynamic network and circuitry like the one on the internet, but builds trust among users to run its systems efficiently and decentralized.
Although you can argue that the ledger, Bitcoin is "central", it is actually created through decentralized mechanical consensus.
how do you think it all?
I think this two had very different uses. So they are not similar to me. Even bitcoin will not exist if there is no internet so we can say it is a part of the internet.
Without internet, bitcoin could not be used. So it’s a part of the internet. Comparing these two things is not right I guess.
if you compare this according to the system there may be several things in common, but these are basically two things that cannot be equated, because these are two different things. the internet can live without bitcoin, what about bitcoin ... he won't live without the internet
In my opinion, without internet, bitcoin may not become popular and may not function to it's design using the blockchain technology that needs internet to manage the transaction. Internet is a very important tool for bitcoin to run the crypto market and for the people that is involved in the process. Therefore, internet service is the key factor for the success of bitcoin as a cryptocurrency investment and as a payment system.
They are not the same, but there are similarities on their concept: internet provides a decentralized network of informations for everyone who have access to it, while Bitcoin provides a decentralized network of transactions; there isn't anyone behind internet and theoretically there isn't anyone behind Bitcoin; internet gives each person a "space" on its network, to expose ideas, services, products, etc... While Crypto-Currency world does the same for those who want to develop their own currencies.
Internet and Crypto-Currency (going beyond Bitcoin) are intrinsically connected and that makes they look very similar in many aspects.
Internet and Crypto-Currency (going beyond Bitcoin) are intrinsically connected and that makes they look very similar in many aspects.
I in what that agree with this opinion, in fact if nebudet the Internet, and bitcoin too will not become. Although if you make bitcoin a payment system, then the Internet is not really needed.
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