Topic: INTERNET = BITCOIN? - page 5. (Read 2849 times)
Bitcoin is a tool of transaction or payment instrument in the digital world of the internet, while the internet is a broad knowledge of today's technology in electronics. The world of the internet can cover a wide variety of fields and has many pros and cons that are capable of reaching the public.
In my opinion, the point here is that people are connected with each other it is because of the usage of internet all over the world. This is the medium of communicating people around the world. So with regards to bitcoin, investors are getting involve and being connected by the use of blockchain technology. Transactions are made with internet connections.
bitcoin is a good coin. Any coin increases the value with time. Today bitcoin is downgraded. It happened over time. This value will rise in the future. Trust in bitcoin. It will rise to a bigger value for the future. bitcoin is the best investment opportunity for investment. This will give you a big profit. You're investing today in bitcoin. You win!
why many people always comparing bitcoin with other, in this thread bitcoin is compared with the internet, in other thread bitcoin is compared with bitcoin cash and the other thread bitcoin is compared with gold, I think bitcoin is work different, its not same each other, so we can't compare bitcoin with other platform or other cryptocurrencies
There is a type of offline wallets are available in markets. so, bitcoin not only equals to the internet.
Ex: Paper Wallet
Ex: Paper Wallet
Both are very different. But Bitcoin requires internet services to support its performance, this combination is the greatest discovery ever, because it can provide convenience for many people to transact or invest.
in my opinion bitcoin and the internet do have little in common, but different goals. bitcoin can buy items that provide bitcoin as a means of payment while the internet cannot be a transaction tool. but bitcoin really needs the internet to carry out its activities.
Bitcoin needs internet of course, this two great technologies have their own difference. The purpose of internet is to make transactions and communitcate online while bitcoin used internet to a more faster financial transactions online, and because of this bitcoin and internet have their things in common.
I will agree with on that because internet is more the life wire of every thing in the world right now , which has also give this Bitcoin we talked about to spread to the world cos with out internet there is no Bitcoin.
Bitcoin will serve same purpose in future as an online mode of payment and investment which will be a big thing people will look up to when dealing online for business and other things, some see it has asset which I believe is true because it value increase based on it's max supply and a decentralized currency.
Bitcoin will serve same purpose in future as an online mode of payment and investment which will be a big thing people will look up to when dealing online for business and other things, some see it has asset which I believe is true because it value increase based on it's max supply and a decentralized currency.
Well, perhaps the equation is perfect insofar as Bitcoin is an online money. We all know that Bitcoin is a digital currency that will only work with the presence of internet. Without which, Bitcoin will become useless. It does not have any hard version that could replace the real digital Bitcoin. If the internet will be gone, so will Bitcoin. So, the pair is like the body and soul.
No, it's not an equation. It's something you can use because of internet and the blockchain itself in also based on the web infrastructure but in the end for people who can use it's just a currency like many others. Think about credit card system when you tap or swipe your card what's going on behind that - you just don't care and it trasfer money from your account to another.
Yes, the next technology behind the Internet will be technology blockade. And this is already a reality, you just need to wait for the time when the crypto currency will be everywhere
without the internet now, We cannot avail the good benefits of bitcoin itself. Which means, both are useful even in any aspects of business internet was too useful even without Bitcoin and we all knew that, right? then, while using bitcoin in every transaction internet has a big role on this situation, due to the transaction will not be complete in the blockchain to convert it into fiat currency if there is no Internet anyway..
in my opinion bitcoin and the internet do have little in common, but different goals. bitcoin can buy items that provide bitcoin as a means of payment while the internet cannot be a transaction tool. but bitcoin really needs the internet to carry out its activities.
Internet is very important in doing bitcoin work because it requires us to do it online. Therefore, without internet we can not mine bitcoin, bitcoin trading and other bitcoin-related business. Bitcoin also requires internet access which is fast so that it is not interrupted and slow due to weak internet connection.
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 need internet to running the network indeed, but i think it doesn't mean internet = bitcoin.
Bitcoin is a currency, which is need internet to operates, unlike paper money. That is my understanding about bitcoin and internet.
It's true that Bitcoin does not send any data packet but there is a difference Bitcoin is just another system running on top of the internet and it is not the internet. For example, a shark is one of the organisms in the sea but the charge is not the sea. Bitcoin is not the duplicate of the internet they have introduced a new blockchain technology which clearly shows how the system works. Maybe they are inspired by the internet but this concept was new they have improved it in a large quantity.
I can't compare Bitcoin = internet. you can not thinking Bitcoin without internet. internet is lot of advantages. you can using it lot of ways. you can't using Bitcoin transaction without internet. so you can say, internet is big sky, and Bitcoin is just star.
This is the similarities and work of INTERNET and BTC for me. First, it is both decentralized. Meaning, the data and transaction that are happening in BTC is also happening in the Internet. Second, it is wide range of power and value. BTC was is in the Blockchain also internet has its also a wide range of viewers as it contains all the knowledge in the world. And lastly, it is payments and other kind of selling and trading was happening on this.
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?
Internet is multiple purpose and useful to all things in things in this world start from transportation, communication business and some other applicable related to internet like automatic machine operated by internet all those I've mention are Internet responsibility so all of them are ly provided in every processed. while bitcoin is directly for virtual finance using tangible currency of course override by internet.
Dude! The internet is way bigger than the bitcoin..... The internet for now does not need the bitcoin to live, survive or be relevant. That cannot be said of the bitcoin relative to the bitcoin. the internet has so much force that were it to shut down, life could be thrown back to premedieval times as the world could become chaotic and brought to halt..... Ever thought of how many governments and peoples rely on this vehicle for survival? Your guess is as good as mine
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