Topic: So cool - (Read 662 times)
True! Blockchain technology posses a real threat to the banks nowadays.
-snip-
Unfortunately, bitcoin does not provides any security. So I don't think they will have to worry.
I disagree with the first statement. The blockchain technology, as banks like to define it, does not pose a threat. Blockchain based cryptocurrencies such as Bitcoin are the threat. I also can't figure out what you meant with Bitcoin 'not providing any security'? Insurance? -snip-
Unfortunately, bitcoin does not provides any security. So I don't think they will have to worry.
the drama about banks is meaningless.
swapping a sql database for anything else, changes nothing at all.. fiat will always be fiat.
swapping a sql database for anything else, changes nothing at all.. fiat will always be fiat.
How long is it going to remain cool - that when talking to the press one says: "we think blockchain is great, we don't like bitcoin"? It seems like every interview involves someone saying how remarkable blockchain is but that they aren't at all interested in bitcoin.
OK - for the last 18 months this was the cool thing to say. But for how much longer will people try to impress others by denouncing bitcoin while telling of their excitement for 'the blockchain'.? WTF?
Quote
"If you look at our view regarding the blockchain, we want to clearly separate bitcoin from the blockchain. There’s bitcoin as a method of payment, and blockchain as the technology behind it. The latter we find interesting to explore," she said.
OK - for the last 18 months this was the cool thing to say. But for how much longer will people try to impress others by denouncing bitcoin while telling of their excitement for 'the blockchain'.? WTF?
Let them do whatever they do.If they really want to find out the hard way, so be it.
Some people tried to do in the past with the internet as well, and they built AOL, Compuserve, Prodigy and all their other walled gardes.We know how this played out. This time, as in the past, the big innovation and creativity is coming from the bottom and not from the top.And open permissionless networks have always allowed everyone to build his/her idea on top of it.
Closed networks can't compete with that in the long run.
We will see the infrastructure flip where the old business will run on the new network.So the banks will still be there, but they won't be that dominant anymore.
They have no idea what makes a blockchain work and why the Bitcoin blockchain is so successful. I've read the article from which you've attained that quote, and I'm not impressed. What makes them think that a privately run blockchain is incorruptible? The blockchain is nothing when it isn't decentralized and secured by various miners.
I personally think that both SegWit , halving block reward and the block size increase (next year) will make Bitcoin more popular and seen in a different way by those people .
No. That's not what happens. The quote is from ABN Amro which is a state-owned bank. Most of them will keep fighting Bitcoin until they're left with two options: 1) Go bankrupt. 2) Embrace Bitcoin.hang on... kinda weird comment coming from lauda, the guy that wants people to use centralized hubs (LN) and sidechains..
i think lauda doesnt understand what bitcoin is either...
Just wait for the halving to come...
It's just a matter of time , no worries . I personally think that both SegWit , halving block reward and the block size increase (next year) will make Bitcoin more popular and seen in a different way by those people .
Does that has anything to do for a normal bitcoin user or "general media" as mentioned in the original post ? I don't think so! Popularity of bitcoin was never really due to the technical specifications for the general crowd.People hating on bitcoins but liking blockchain does make sense in a way.They're more inclined towards the public/anonymous environment which creates the endless possibility of ideas to make new things.Iot is one of them and so is bitcoin.The fact is,bitcoin will never die ,there will always be a category of people supporting it and its increasing day by day! The moment all these wannabe blockchain lovers realize the power of decentralized currency they will certainly give up on the banks! 
They have no idea what makes a blockchain work and why the Bitcoin blockchain is so successful. I've read the article from which you've attained that quote, and I'm not impressed. What makes them think that a privately run blockchain is incorruptible? The blockchain is nothing when it isn't decentralized and secured by various miners.
I personally think that both SegWit , halving block reward and the block size increase (next year) will make Bitcoin more popular and seen in a different way by those people .
No. That's not what happens. The quote is from ABN Amro which is a state-owned bank. Most of them will keep fighting Bitcoin until they're left with two options: 1) Go bankrupt. 2) Embrace Bitcoin.True! Blockchain technology posses a real threat to the banks nowadays.
But one thing they need to remember, that fiat is still the most popular currency and they will remain the same. People will always prefer to invest the majority of the investable money to a regulated place where the security is at the highest.
Unfortunately, bitcoin does not provides any security. So I don't think they will have to worry.
They have no idea what makes a blockchain work and why the Bitcoin blockchain is so successful. I've read the article from which you've attained that quote, and I'm not impressed. What makes them think that a privately run blockchain is incorruptible? The blockchain is nothing when it isn't decentralized and secured by various miners.
I personally think that both SegWit , halving block reward and the block size increase (next year) will make Bitcoin more popular and seen in a different way by those people .
No. That's not what happens. The quote is from ABN Amro which is a state-owned bank. Most of them will keep fighting Bitcoin until they're left with two options: 1) Go bankrupt. 2) Embrace Bitcoin. 
It's just a matter of time , no worries . I personally think that both SegWit , halving block reward and the block size increase (next year) will make Bitcoin more popular and seen in a different way by those people .
How long is it going to remain cool - that when talking to the press one says: "we think blockchain is great, we don't like bitcoin"? It seems like every interview involves someone saying how remarkable blockchain is but that they aren't at all interested in bitcoin.
OK - for the last 18 months this was the cool thing to say. But for how much longer will people try to impress others by denouncing bitcoin while telling of their excitement for 'the blockchain'.? WTF?
Quote
"If you look at our view regarding the blockchain, we want to clearly separate bitcoin from the blockchain. There’s bitcoin as a method of payment, and blockchain as the technology behind it. The latter we find interesting to explore," she said.
OK - for the last 18 months this was the cool thing to say. But for how much longer will people try to impress others by denouncing bitcoin while telling of their excitement for 'the blockchain'.? WTF?
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