Topic: INTERNET = BITCOIN? - page 3. (Read 2849 times)
Bitcoin is often called, "The Internet of Money" in the sense that it is cryptographically backed digital currency. The blockchain protects the data and makes it immutable as a currency or commodity. The Bitcoin Blockchain is the first Blockchain and will forever be known as Bitcoin. It would be smart to invest in it before it goes back up.
I'm waiting on that one reliable crypto that won't depend on the internet to have transactions done!! This would be a tiebreaker for all crypto. From needing a smartphone or computer, to needing Internet access/Data not all crypto is cut for mass adoption, any cryptocurrency that reliably test and functions best without internet would be the next big thing!
It can simply be put as internet = bitcoin and bitcoin = internet because they need each other to function, without internet you cannot access bitcoin and with bitcoin you can make the internet a better place.
Internet have changes the whole world and now we see that people are buying crypto this all is possible through Internet and Bitcoin is the largest crypto currency which is used every where and any one can accept it with out any problem i want to keep it for future use and i am not in favor of selling bitcoin.
I think the nature of the internet and bitcoin is the same.
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?
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?
Maybe for currently, yes you will need internet to using bitcoin. Except for creating btc address only, you can create it offline and don't need internet.
Bitcoin is a digital currency, it must be used by everyone so the value will sustain through the year. Btc is decentralized because the blockchain database is not centralized, how come you say btc is centralized ?
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?
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?
bitcoin and internet are both born from the work of someone who is a genius in the field of technology, with the internet we can access information easily, if there is no internet then there is no bitcoin, because bitcoin is only virtual money using the blockhain system using the internet
Bitcoin use internet to conduct digital transaction. If there is no internet connection around the world then bitcoin will never be made or invented. In some point, there is no more revolution if there is no bitcoin and blockchain technology. Internet is useless also because all of we can do is to put data in internet. Bitcoin revolves everything and innovate the use of internet.
internet usage is definitely not going to be far from online business, and nowadays there are so many crypto users who use bitcoin as a profitable business path. well, so when connected to the internet, many people think about bitcoin, and I am one of them.
I remember people including me have no clue how internet companies like google earn money in early 2000.
I guess they were only run by fund like these days with ICO....
Many internet companies were failed to settle up afterwards and only few companies are now survived and make a big money.
I guess this will also happen to companies dealing with crypto.
I guess they were only run by fund like these days with ICO....
Many internet companies were failed to settle up afterwards and only few companies are now survived and make a big money.
I guess this will also happen to companies dealing with crypto.
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Bitcoin use internet to conduct digital transaction. If there is no internet connection around the world then bitcoin will never be made or invented. In some point, there is no more revolution if there is no bitcoin and blockchain technology. Internet is useless also because all of we can do is to put data in internet. Bitcoin revolves everything and innovate the use of internet.
SKYCOIN = INTERNET
people really need to do research. It's good to educate yourself
people really need to do research. It's good to educate yourself
Well, this is technically not quite right for me. Bitcoin doesn't mean internet, it is a cryptocurrency.
You need internet to be able to send or receive the coin, at least for now.
We don't know if we manage to find a way using bitcoin without internet in the future.
You need internet to be able to send or receive the coin, at least for now.
We don't know if we manage to find a way using bitcoin without internet in the future.
Bitcoin is really an efficient, decentralized and moving infrastructure based on protocols open to the public, that why it becomes so popular amoung people that understand its nature
In today's time, the Internet has become a basic feature for the people. Because there are many such people in the world. Who do all their work with the help of the internet. And there is also a work Bitcoin in those things. Bitcoin is such a platform. Which can not run without the help of internet. So I do not think we should compare the Internet and Bitcoin together.
yes I agree with you, indeed in essence, the internet and bitcoin are interrelated. and whatever happens if there is no internet or other communication network in this world ... it will be chaotic, especially in terms of business, because it is vital to connect with our income.
I can agree with this saying only if we talking about ways this technologies change the world. Internet is a third industrial revolution and blockchain (bitcoin build on it) is a forth one.
Quote
basically the internet has the same properties with bitcoin
YES, look like the same property, but blockchain need the internet for do something to them chain, if blockchain can use when internet not on, it is good for internet 2.0 on the futureDue to the fact that we cannot perform what we wanted to do with our bitcoin, I would say internet is also one of the important thing that matters. Internet is needed inorder for us to keep posted on what is happening now to our crypto world.
Quote
basically the internet has the same properties with bitcoin
YES, look like the same property, but blockchain need the internet for do something to them chain, if blockchain can use when internet not on, it is good for internet 2.0 on the future 
But of all the differences of them, there's one big thing that separates them apart.
Bitcoin can't live without the internet.
right, I agree with you. I will not think about that. let's see the price has dropped and you should be prepared to buy and not to miss the price back up when prices decline. opportunities are always there to get a profit, let's take advantage of the opportunity as well as possible.Bitcoin can't live without the internet.
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