is bitcoin getting rebranded as the blockchain? - page 2.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Quote from: ?? on ??

Once national currencies have incorporated blockchain tech into their fiat system (even if only nominally) then they can criminalize bitcoin and all non-governmental alctoins as illegal currencies. Of course the corporations don't have any real use for blockchain technology, which is fundamentally contrary to their entire system. That's why they're scared shitless of it and want to squash it.

Is there a single case where a technological happening was completely outlawed after it had been initially welcomed/ tolerated? I can't really think of one.

It's no different in essence than Tor or Bittorrent and they're both perfectly legal.

It's far more acceptable and straightforward to just make it irrelevant by offering more tempting alternatives that are easier to use. The population will go where the gains and convenience reside.

necrita

newbie

Activity: 49

Merit: 0

I don't see any point for a corporation to require a blockchain. They can use excel or some database if they need a triple entry accounting system.
The whole use case of a blockchain is to build a system based on decentralized trust.

neurotypical

hero member

Activity: 672

Merit: 503

Once their blockchain experiments fail they will understand why Bitcoin is the next huge thing and work under the Bitcoin wings and not against it. Lol at not using the most powerful computing network in the motherfucking planet for free! ridiculous.

Paashaas

legendary

Activity: 3620

Merit: 4813

How many Satoshi's will Nasdaq need for (all) there stocks?

If they move a share with a cost of 1 Satoshi, they will have enough with 1000 coins Huh

photon_coin

sr. member

Activity: 310

Merit: 256

Photon --- The First Child Of Blake Coin --Merged

no......

coinableS

legendary

Activity: 1442

Merit: 1188

Quote from: /r/bitcoin

So, to be abundantly and perhaps pedantically clear, Nasdaq’s platform will trade shares by trading bitcoins. This is not blockchain-technology standing alone, this is Bitcoin being used by Wall Street. It is technically impossible to use Bitcoin’s blockchain without holding and transacting in bitcoins. In this case, Nasdaq is using Bitcoin’s blockchain.”

What is the minimum size transaction accepted by the network right now? 5,430 satoshi or something?

Let's say when wallstreet starts trading using bitcoin they name 5,430 satoshi a blockchain packet or a blockchain share?
I'm saying could it be possible that wallstreet might do this so they can use and transact in bitcoin without having to say the word bitcoin? There's a reason you see these articles where they only mention blockchain technology and not bitcoin, and I'm assuming that's due to the negative association that comes with the word bitcoin.

pleaseexplain

member

Activity: 73

Merit: 10

yes I think it is but i think that is "natural' in the sense that as time goes on for various reasons things get name changes - people used to say they were about to go on the internet. now they would say I am about to go on facebook or google or whatever. A use is often a good descripton for something.

i think it can only be positive for bitcoin especially since it has had a chequered past in some eyes.

also people do not care about what TV remote they use they just want access to the TV image. So they will not care if bitcoin is doing the work of the remote in things using the blockchain.

agree with others that bitcoin is what will be used - it works well doing what it does so there is no need for people to start up their own coins/tokens. that being said some people will - in part to scam others or because they think they are a "big' enough corporation they could sustain their own token

mrhelpful

legendary

Activity: 1456

Merit: 1002

they want to adapt the blockchain yet, how are they going to use it? with what coin?

unless they assume theres other ways of using it. I doubt they would want to re-create the name already have so many people looking on google, itd be a dumb move.

the keyword bitcoin is high search volume compared to blockchain.

futureofbitcoin

sr. member

Activity: 322

Merit: 250

Read the OP's posts, guys.

No, bitcoin is not going to get rebranded into blockchain packets or whatever. The simple reason is, which sounds more catchy?

The thing is, the first delusional ultra libertarians who worship bitcoin for decentralization of currency or whatever is only a very very small percentage of the world. The rest of the world doesn't care about that.

What the rest of the world is looking for, is REAL technology that can improve lives, and that is enabled by the blockchain. So they talk about that. In the end though, a bitcoin is still a bitcoin, the name won't be changed.

jbrnt

hero member

Activity: 672

Merit: 500

Bitcoin is the currency, blockchain is the innovative technology. A currency is not the only use of the blockchain technology. If corporations want to create their own blockchain, they can. If they want to the most secure blockchain, they will have to use bitcoin.

Alley

legendary

Activity: 910

Merit: 1000

Gbtc shares are worth .1 blockchain.

chmod755

legendary

Activity: 1624

Merit: 1021

Quote from: coinableS on May 12, 2015, 03:41:35 PM

I feel there's confusion. I'm not saying they will create their own chain. That wouldn't work because noone would mine it or run a node. My OP intended to ask the question if the unit of value, currently known as bitcoin will be rebranded as blockchain shares or packets since they don't like the association to bitcoin. Its still the same thing just being rebranded

Please send me 10 blockchain? Start your blockchain client? Nope, it's definitely bitcoin.

coinableS

legendary

Activity: 1442

Merit: 1188

I feel there's confusion. I'm not saying they will create their own chain. That wouldn't work because noone would mine it or run a node. My OP intended to ask the question if the unit of value, currently known as bitcoin will be rebranded as blockchain shares or packets since they don't like the association to bitcoin. Its still the same thing just being rebranded

Alley

legendary

Activity: 910

Merit: 1000

If company's use there own block chain who is going to verify and mine it? What is incentive? How much money is it going to cost to make it secure? Use bitcoin block chain or gtfo.

chmod755

legendary

Activity: 1624

Merit: 1021

I just said this on twitter:

Quote

it's a convenient way for companies to say Bitcoin is cool without saying "we're buying Bitcoins at low rates right now"

I think in every single instance it's going to be Bitcoin that is being utilized.

solstoce

full member

Activity: 219

Merit: 100

New word for new hype imo

Yokpkp

newbie

Activity: 1

Merit: 0

Quote from: QuestionAuthority on May 12, 2015, 02:13:26 PM

Quote from: americanpegasus on May 12, 2015, 02:00:08 PM

Quote from: QuestionAuthority on May 12, 2015, 10:37:21 AM

Quote from: Bagatell on May 12, 2015, 10:31:30 AM

I doubt very much it's the final design, but I have no way of knowing that.

I'd love it if it helped Bitcoin. I'm holding quite a few. I just look at it as if these companies are students in college. When you graduate you don't build your company on the schools network. You build your own network and use the knowledge you learned at school. That's what I think they're doing but we'll see. If I'm wrong I'm rich. So I hope I'm wrong.

Here's what everyone always overlooks when they muse about stuff like this: the system only works if people believe the digital tokens have value.

belief

If NASDAQ or JP Morgan go make their own blockchain, it will have some initial seed value because it will be backed by a major company. But it won't have the monstrous billions of market cap that bitcoin has, and without that inherent value, the system breaks down.

It would be like me declaring that my special alloy is now as valuable as gold... Everyone would look at me and say, ummm, good for you, but no its not.

For all these applications to work, they have to be built upon a network where the tokens are valuable, and any proprietary efforts will fizzle because you just won't be able to convince enough people to use your network to create the value you need to make it useful.

Bitcoin wins. Yes, don't just pack for the moon. Throw in a Mars sweater and a pair of Alpha Centauri slippers too. Shit gonna get cray cray.

Oh yeah, no one would ever think something created by the second largest exchange in the world the Nasdaq exchange that includes the world’s foremost technology and biotech giants such as Apple, Google, Microsoft, Oracle, Amazon, Intel and Amgen is worth jack shit but they would think the former drug money of choice for criminals is a worthy investment. You're too funny dude!

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: manselr on May 12, 2015, 01:46:05 PM

What those retards don't get is the fact a blockchain needs a cryptocurrency to serve as an incentive to keep the blockchain going, unless you want a filthy centralized blockchain with fiat, in other words a complete Frankenstein abortion of the real thing, which no one with half a brain should condone.

Most companies are full of people who are only interested in the latest buzz word and don't understand Bitcoin. I feel their use of "block chain technology" is an attempt to sell their product using advertising hype coupled with the latest buzz word. We will soon be overwhelmed with a multitude of useless apps using "block chain technology" just like we have been overwhelmed with a multitude of useless alt coins.

manselr

legendary

Activity: 868

Merit: 1006

What those retards don't get is the fact a blockchain needs a cryptocurrency to serve as an incentive to keep the blockchain going, unless you want a filthy centralized blockchain with fiat, in other words a complete Frankenstein abortion of the real thing, which no one with half a brain should condone.

Natalia_AnatolioPAMM

full member

Activity: 280

Merit: 100

Quote from: re-actor on May 12, 2015, 09:18:44 AM

With NASDAQ entering the use of the blockchain tech, possibly so.
https://www.cryptocoinsnews.com/nasdaq-details-upcoming-use-bitcoins-block-chain-tech/

Yep, I guess it'll make the ball rolling

Topic: is bitcoin getting rebranded as the blockchain? - page 2. (Read 3102 times)