Topic: many companies only use the blockchain and no bitcoin (Read 240 times)
Technology blockade expand capabilities. And it may not be related to bitcoin. The main thing is to solve the prologue of input and use of this technology. I think then everything will be tightened.
Yeah more companies are more attracted to the blockchain, this technology really help them to settle some issue, Bitcoin is not too famous for big companies because of its volatility, many companies still hesitate to used it because the price swing is too big and too often, making them hard to predict their profit, maybe when it's more stable more companies will used it
Companies are often used bitcoin than blockchain technology because they know that blockchain technology helps them more than BTC. They can secure their data in blockchain and it is an innovative way also on how to keep records. Therefore, they need it right now. Probably, in the near future, they will also see the purpose of cryptocurrency and let us just wait for the time they appreciate the existence of bitcoin.
indeed it could affect the bitcoin price to go down, and even now the bitcoin price always continues to decline, but do not be afraid that bitcoin will die, and maybe the price of bitcoin in the next year will be stable again.
Those people who own the companies knew that there are possibility that bitcoin will subdued the business land. In order to go with the flow they should develop some unique blockchain for their own master piece to have it, to manipulate and control it as long as crypto is active.
Even if these companies are not using Bitcoin, they are doing something that we call influencing the world by highlighting the importance of blockchain technology. This means they are indirectly promoting blockchain-based concepts and as a first player on the blockchain, Bitcoin will definitely gain the fame through it so the price might rise but I don't see any negative consequences of the adoption of blockchain technology without Bitcoin. In other words, if I am promoting internet then I am also promoting the concept of a webpage.
Block chain technology is the technology through which bitcoin come to the hand of general people. By using Block chain bitcoin has become popular. It is cause and effect of one another. As you say now Block chain is used by different countries. So, it is getting popular to every country. So, sooner or later bitcoin also accepted by those country. We also get some symbol of acceptance bey seeing the Japan, Germany and Korea. Near future many country will follow them. Then the world become dream land for crypto lover.
all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin
Don't say that "all" as there's still no basis that all of them are adopting blockchain technology soon. Let's use the term "many" are adopting it and has expressed their interest on it. They are not saying that they have bought bitcoin but there's no protocol or need to say that they did.and other companies create their own blockchain, this would affect the price of bitcoin in the near future?
It's necessary for those companies to create their own blockchain and that's how they are adopting the technology. They are using bitcoin's blockchain but it's not bitcoin itself. all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin, and other companies create their own blockchain, this would affect the price of bitcoin in the near future?
Bitcoin and cryptocurrency is just one application that blockchain supports, there are thousands other. Blockchain has frontiers that are even yet to be discovered by human mind. Companies are migrating there businesses to blockchain to gain advantage of this secure and disrupting technology.
It will effect it but we won't know how exactly. I think the changes will be positive because the more people that learn about blockchain, naturally will learn about Bitcoin. All of them may not invest but if only a small portion say 10% of them invest then this is a net positive. I doubt all 100% people who learn about blockchain will not invest in Bitcoin, seems highly unlikely.
all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin, and other companies create their own blockchain, this would affect the price of bitcoin in the near future?
it could be, we see that blockchain tech, was far more suitable to use in some algorithm at security to narrow the problem, hence a company. not only that blockchain was responsible for transaction of bitcoin, blockchain itself have its own unique credibility to influence company using it and by that were no longer can sustain our belief to the stability of bitcoin in the near future, now and then bitcoin chart fluctuates never give us a DILDO in a run, this will make investor sell their bitcoin as the market movement give them nothing but dumping.
unfortunately for us that invested in Bitcoin they only want to get benefits from Blockchain techlogies!
all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin, and other companies create their own blockchain, this would affect the price of bitcoin in the near future?
Companies are using the blockchain for all their database needs so there is somewhat a misinformation with regards to what you have stated. Bitcoin on the other hand invented the blockchain technology that these companies are exploiting for their enterprise. So they may not be using Bitcoin but they plagiarized the technology that Bitcoin has created 9 years ago. Besides the moment companies started jumping into blockchain technology is the exact same moment when they adopted Bitcoin. They may not be using Bitcoin but they are turning blockchain technology into a cash cow. Which I repeat, was invented and popularized by Bitcoin.
It's true that many companies use blockchain without buying or using bitcoins, and this will inevitably result in a decrease or the increment of bitcoin price increases, and they should also use bitcoin to transact.
We must first understand that blockchain is the technology in which bitcoin works and most of the governments as well as banks too have realised the true potential of blockchain and benefits in using it.So they have adopted blockchain and not bitcoin.
all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin, and other companies create their own blockchain, this would affect the price of bitcoin in the near future?
A lot of these companies may find out, in time, that blockchains aren't suited to their purposes.
I could see private blockchains being useful in finance for settlement, where federated consensus (among the involved parties) is sufficient. There are probably other similar uses where such trust models may work, where a private blockchain could cut middlemen/intermediaries out of the process and therefore lower costs. But I think a lot of the hype around private blockchains is overblown. Federated consensus may also allow attacks that are not yet well understood from a game theory perspective.
At the end of the day, it's important to recognize that public and private blockchains serve very different purposes, and the use cases served by the latter are not clear. Public blockchains are highly inefficient and only necessary where trustless validation is required -- sound money, censorship resistance. And private blockchains are not trustless because there is no mining incentive to encourage honesty.
It is true that many companies currently use Blockchain technology and rarely use or buy bitcoins and this is very influential with price increases, and if the company buys bitcoin I think it will have a good effect on bitcoin increase.
Blockchain technology itself can not be tampered with, can be traced back, permanent preservation, these features can be applied to many scenes!
For example, banks can use blockchain technology for bookkeeping! The blockchain builds a network of trustworthy values that will bring more changes to people’s lives.
For example, banks can use blockchain technology for bookkeeping! The blockchain builds a network of trustworthy values that will bring more changes to people’s lives.
all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin, and other companies create their own blockchain, this would affect the price of bitcoin in the near future?
Proof? Bitcoin is already accepted for some payments and if the improvement by the lightning network affects Bitcoin in a positive way, there should be plents reasons to accept Bitcoins. Or did I get you wrong? Do you mean all the shitcoins claiming to be the new Bitcoin? There might be good ones, but 99 percent of all Altcoins will be useless in the long term. The big amount of ICOs can affect Bitcoin in short term due to weak hands selling, but not in long-term.
all the companies in the world are beginning to use the blockchain technology but none of those companies have bought bitcoin, and other companies create their own blockchain, this would affect the price of bitcoin in the near future?
Depends if they put their coins on the exchange. It needs to be traded against something and the number 1 pairing is with bitcoin. Unless they somehow get listed on coinbase - very unlikely!
Jump to: