Topic: The greatest innovation? (Read 1931 times)

I'm not sure if I would agree with that, at least not when you know that Bitcoin hasn't really risen to it's full potential.
Over the next couple of years it's possible that it could be replaced by an alternate crypto-currency.

The blockchain is the foundation on which Bitcoin is built, so I don't see how Bitcoin could be greater than the blockchain? In some sense, Bitcoin IS the blockchain.

For me this sounds as an evidence ! Even though the blockchain technology needs the personal computers to work, as the Internet, I think it will have a greater positive impact on people's lives. This is a revolution, as at same way as the French Revolution or the October Revolution, this is a revolution from the people, in order to free them from a greater power, supposed or real, that would have been oppressing them. Here that would be the recent bank's attitude to be hostile to privacy, while in some way computers led to the global mass watch from the governments. For this reason this is for me the greatest one.

Indeed. After revolution of connected computers, bitcoin must be the greatest innovation. Yes, not just blockchain, it was coded to have decentralization characteristics in my understanding. Moreover, I like to compare bitcoin to inventions like fire and wheel, a concept changer.

A private money is an unimaginable revolution. Bitcoin is going to change how so far the world is transacting. The greatest innovation of 21st century imho.

I agree with you , Internet has been the pioneer of the global village we all talk about, it's brought about everything in its time and made life really simple. Imagine what we would have done by now if we couldn't do business while airborne. It's Internet any day!!!!  Look at how video calls has improved family Cohesion. There's no doubt Internet is a bar ahead of all.

To buttress this, Internet is the greatest innovation of the last century. Most especially when blockchain technology is mentioned alon with it, no internet no blockchain technology

bitcoin is just code.
but its how PEOPLE treat it and use it that changes things.

bitcoin does not have a voice to tell someone to not pull the trigger.
bitcoin does not have a hand to take a gun from someones grasp

its PEOPLE that can stop wars. but right now PEOPLE like blockstream are trying to start another economic civil war, by commercialising bitcoin.

bitcoin was suppose to be the financial system with no barriers of entry. but blockstreams motives have caused things like fee wars. and now atleast a dozen developing countries that would benefit most from bitcoin cant/wont use bitcoin due to fee's being more than an hours wage.

and dont blame it on data issues.. blockstream are happy with 4mb of data per block. but dont want it to be 4x transaction capacity to equal 4mb of data. they are pretending to give a one time gesture of 2x capacity. but as fast as people adopt the new keys when it activates. they will take away this boost by adding in extra bytes of data which bloat the data but decrease the tx count back to what we get now.

EG a 360byte 2in 2out tx,  will become 1.370kb tx for the same 2in 2out. once you add the bloat of confidential payments, csv cltv and other features blockstream want.

so while they bloat up the data onchain without offering much in the way of real transaction scaling they will push people into LN commercial service hubs to rule bitcoin users lives.
only ever increasing the onchain block capacity as a gesture to allow the commercial LN settlements to settle without a bottleneck..
yes its already been thought about talked about and conceived as their ideal plan for the future. keep bitcoin held back until the commercial services needs the utility of onchain scaling..

bitcoins ethos is being eroded by PEOPLE who want control and to be at the "core" of bitcoin they even said so by naming their brand as such.

so while ethical people sit on their hands and trust bitcoin (voiceless handless code) will save the planet.. corporations with banker investment are corrupting the people that have their hands and voices of bitcoin

You are exaggerating, bitcoin could hinder the ability of politicians to wage war for as long as they want but only if government accepted bitcoin as their official currency, and that is not going to happen besides even if they did they could always crate a new currency and then print it to pay for their wars.

I don't think Bitcoin is greatest innovation of Technology, i agree if you said innovation of Technology not using 'greatest' word. 

After the invention of the internet, one can say that blockchain technology is the most revolutionary innovation of recent years. It's not just me saying that, but these are also the words of many experts studying different technologies, and their impact on the economy and society.

I think it should be Bitcoin and not blockchain as it was said in the early posts, blockchain were around longer than we know, but it is the invention or creation of Bitcoin that make it so innovative influencing and forcing financial institution to look into blockchain technology and innovation used by bitcoin.  Bitcoin also shaping the online finance system on its own way. 

If I am not mistaken except two members of the forum had answered in this thread the most gave their vote first to blockchain technology and some were in dilemma so they were neutral between blockchain and bitcoin. So I would like to ask. Without the bitcoin who had give attention to blockchain except some enthusiasts or very creative and inspired people? I am fairly confident  even though I don't ignore the obvious benefits of blockchain that bitcoin is the greatest innovation between them. If you have time drop an eye here http://bankinnovation.net/2015/05/think-the-blockchain-is-interesting-but-bitcoin-isnt-think-again/

with the blockchain as new innovation in technology and internet, i think for future, if mass adoption is happen, many people especially government will realize that blockchain can gives benefit to the economy in the country beside that, bitcoin will be growth in number of user.

that is right, but probably we can do something or give suggestion to those who manage the list or anything.

however, no doubt that blockchain is a great innovation in this era. this thing has changed some people's lifes, change a little bit economy, and become a troubleshooter in a particular thing.

Hindsight is always 20/20.  When computers and the Internet were first coming out, it was considered to be sort of a nerds toy that wasn't fully appreciated as time continued.  Same thing will probably end up happening with the blockchain.  We are at a forefront of a pretty cool experiment that can have a major significance going forward or could be just chalked up to be nothing of importance like eGold. Only time will tell.

I think this too. Blockchain brought many innovations to make people's lifes easier, I think this can be considered a great advance in the humanity society without doubts, like computers and internet, as OP said.
But I don't think bitcoin needs only marketing and promotions to become the success all people here wants. Upgrades in blockchain are necessary too, very important...

Many experts already consider blockchain technologies as one of the key innovations in existence, and that makes sense if we realize the impacts that this can bring on the economy and the way people see money. But this kind of awareness is not something that happens overnight, certainly Bitcoin will need a lot of promotion to gain more space in people's lives.

I would certainly put the Blockchin on such a list. It is a revolutionary innovation that has and still will continue to change transactions forever.

It is possible that it can be considered a great contribution in the field of digital technologies and economics, and that is why it came to think of the possibility  of nominating Satoshi Nakamoto to the Nobel prize in economics, but I am not so sure that this invention may be at the level of PCs and Internet.

I think Bitcoin (public cryptographic blockchain) is the greatest innovation in the history of mankind.

The internet is really nothing compared to this.


Inflation was the sole reason why all wars have happened. The kings issued silver coins, and then lowered the composition of silver in them, to fund the wars.


Inflation = War.


Bitcoin = Peace.


Bitcoin will stop all wars.

Yes, bitcoin is the greatest invention in the history of mankind!

I think , No.
because this system of blockchain was not a big things , at the time when it launch , because this technology was already developed , but to make big big profits the developer made third party like dealing system , which is known as bank , which holds our fiat money .
So it would be better if we things about its features that are going to day by day improving , which was earlier not fixed .