Why Bitcoin Matters | Bitcointalksearch.org

EdenHazard

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Quote from: the_poet on January 02, 2016, 09:53:15 AM

Great article, I particularly like this passage:

Quote

Perhaps the financial industry will, in its infinite wisdom, build a blockchain killer app. I don’t rule it out. But it seems very strange to ignore the fact that one already exists, and has quite literally created $6 billion of value out of nothing. So I’m not particularly interested in most big-bank or corporate-consortium blockchain initiatives, or other applications that claim to be revolutionary because they use a particular data structure.

http://techcrunch.com/2016/01/02/why-bitcoin-matters/

perhaps because bitcoin decentralized, and they fear can not control bitcoin, also because bitcoin prices are very volatile, and many other things that make bitcoin is seen as a problem by some of the financial industry companies.

Gronthaing

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Quote from: xmax on January 02, 2016, 03:23:33 PM

Quote from: Hannu on January 02, 2016, 02:31:15 PM

Quote from: the_poet on January 02, 2016, 09:53:15 AM

Great article, I particularly like this passage:

Quote

Perhaps the financial industry will, in its infinite wisdom, build a blockchain killer app. I don’t rule it out. But it seems very strange to ignore the fact that one already exists, and has quite literally created $6 billion of value out of nothing. So I’m not particularly interested in most big-bank or corporate-consortium blockchain initiatives, or other applications that claim to be revolutionary because they use a particular data structure.

http://techcrunch.com/2016/01/02/why-bitcoin-matters/

I waiting those 24 bitcoin satellites to launch on earth orbit 2016.

Bitcoin is future!

Where can we read more about these satellites and what they are going to do? I am very interested in this for if these satellites are going to be thee for the purpose of processing BTC transactions, that would be great, but I have to raise the question as to who is funding them and who will maintain them.

That's part of the bitsat program. The nanosatellites will be a cluster of bitcoin nodes. And their partners with cubesats offer cloud computing. Then they plan to sell more satellites. $1 million each. Don't know if they have other sources of income. http://www.coindesk.com/bitcoin-nanosatellites-orbit-earth-2016

xmax

full member

Activity: 131

Merit: 100

Quote from: Hannu on January 02, 2016, 02:31:15 PM

Quote from: the_poet on January 02, 2016, 09:53:15 AM

Great article, I particularly like this passage:

Quote

Perhaps the financial industry will, in its infinite wisdom, build a blockchain killer app. I don’t rule it out. But it seems very strange to ignore the fact that one already exists, and has quite literally created $6 billion of value out of nothing. So I’m not particularly interested in most big-bank or corporate-consortium blockchain initiatives, or other applications that claim to be revolutionary because they use a particular data structure.

http://techcrunch.com/2016/01/02/why-bitcoin-matters/

I waiting those 24 bitcoin satellites to launch on earth orbit 2016.

Bitcoin is future!

Where can we read more about these satellites and what they are going to do? I am very interested in this for if these satellites are going to be thee for the purpose of processing BTC transactions, that would be great, but I have to raise the question as to who is funding them and who will maintain them.

Palinanv

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Activity: 70

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Bitcoin matters because we need to protect ourselves from the government stealing from us so they can use our money to fund things that we never asked them to fund. It's not fair.

Hannu

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RIP: S5, A faithful device long time

Quote from: the_poet on January 02, 2016, 09:53:15 AM

Great article, I particularly like this passage:

Quote

Perhaps the financial industry will, in its infinite wisdom, build a blockchain killer app. I don’t rule it out. But it seems very strange to ignore the fact that one already exists, and has quite literally created $6 billion of value out of nothing. So I’m not particularly interested in most big-bank or corporate-consortium blockchain initiatives, or other applications that claim to be revolutionary because they use a particular data structure.

http://techcrunch.com/2016/01/02/why-bitcoin-matters/

I waiting those 24 bitcoin satellites to launch on earth orbit 2016.

Bitcoin is future!

n2004al

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Activity: 1134

Merit: 1000

Quote from: the_poet on January 02, 2016, 09:53:15 AM

Great article, I particularly like this passage:

Quote

Perhaps the financial industry will, in its infinite wisdom, build a blockchain killer app. I don’t rule it out. But it seems very strange to ignore the fact that one already exists, and has quite literally created $6 billion of value out of nothing. So I’m not particularly interested in most big-bank or corporate-consortium blockchain initiatives, or other applications that claim to be revolutionary because they use a particular data structure.

http://techcrunch.com/2016/01/02/why-bitcoin-matters/

While me like to much this one:

Quote

The most epochal financial transaction of this century, to date, occurred on May 22, 2010. It did not involve Wall Street, or the City of London; it took place in Jacksonville, Florida. It did not feature collateralized debt obligations, or credit default swaps. It was a purchase of two Papa John’s pizzas, in exchange for a payment whose present value currently exceeds US $4 million.

It is the most brilliant paragraph which show all the good and right understanding of the author of the article of the invention of bitcoin and the blockchain. the red words of this paragraph express the real power of peer to peer. The most important factor behind the importance of bitcoin. The peer to peer technology about which very few talk or write even here in bitcointalk is the real power of bitcoin. The cause of its being decentralized and without owner, the cause of its impossibility to be owned some day in the future, the cause of its anonymity. In few words, the cause of everything can be appreciated today or in the future, known or that maybe will be known in the future, regarding bitcoin. But the financial field of the use of peer to peer is only the tip of the iceberg of its power and its spread. It is only the experimental field of it. The real power of this technology will be known and verified in to many others. But when will be known better. As the bitcoin, even the technology which made possible the creation of it are in their daysprings.

the_poet

legendary

Activity: 1137

Merit: 1035

Bitcoin accepted here

Great article, I particularly like this passage:

Quote

Perhaps the financial industry will, in its infinite wisdom, build a blockchain killer app. I don’t rule it out. But it seems very strange to ignore the fact that one already exists, and has quite literally created $6 billion of value out of nothing. So I’m not particularly interested in most big-bank or corporate-consortium blockchain initiatives, or other applications that claim to be revolutionary because they use a particular data structure.

http://techcrunch.com/2016/01/02/why-bitcoin-matters/

Topic: Why Bitcoin Matters (Read 531 times)