they said the world was going to change when Bitcoin became popular... world still the same. going back to bed.
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Free registration at the forum removes this block.they said the world was going to change when Bitcoin became popular... world still the same. going back to bed.
Who is they?they said the world was going to change when Bitcoin became popular... world still the same. going back to bed.
The said that about the internet too, and the world did change.
So we're looking at 50/50 -- about where I stand on this with my current knowledge.
The said that about the internet too, and the world did change.
So we're looking at 50/50 -- about where I stand on this with my current knowledge.
yeah I get that, but in 1990, people didn't have the internet, or access to information like we do now. The amount of information available to us because of the internet helps us see the future of possibilities much easier. In 1850, no one knew what an airplane was.. they couldn't even Dream it. Today, we can actually dream about future things... What I'm trying to say is that I can sit here and visualize what a space ship is... I can sit here and visualize what the cure for cancer is... I can sit here and visualize what teleportation will be like. I can sit here and visualize what a city on the moon is...... someone in 1850 couldn't. Not because they weren't smart, but because they didn't have access to 6 billion people on the internet in a second, that could share crazy ideas, explain crazy ideas/concepts, and create these ideas using computer technology.
So the argument "they said that about the internet" to me, doesn't hold true today... sure, my mom who is technologically inept might say something like that.
my point here, where I'm trying to go with it is this:
Right now the markets are looking for SPEED.
Speed to market
Speed to spend money
Speed to get things transferred around the globe
Speed... and to really explain what speed is - not just going fast - but using computers, phones, etc and being able to do what you want fast.
So then enter this block chain .
speed is slow....... argument is that in a few years, speed will come... Ok... so block chain speed will come. cool... so what about all the other techs out there that are not block chain that are being developed? Why is blockchain better??? cause of encryption? because it can't be "hacked" as easily? I disagree with that.
how does Ethereum help me use my iphone to buy things faster from an end user?
how does ethereum help Apple implement apple wallet better?
how does a company with a web presence using Ethereum to sell more goods?
how does a company use Ethereum to reduce it's costs
how does an individual use Ethereum to better their lives?
The only answer I've seen on these forums "micro contracts"....... Why not just get an app? E.g. Uber? how does Ethereum beat Uber? So maybe UBER will use Ethereum in the back end - some sort of "block chain" technology/concept that they model around Ethereum, but why would anyone then user "ETHER" coins???
the pumpers are talking about Ethereum like it will replace the USD.
did you see the 86 new companies who aligned with Ethereum?
I'm learning solidity on my spare time and researching stuff for Dapps.Hello, thank you everyone for all the valuable information provided. I am excited about the potential of this technology, but one never knows if something will catch on or not even though signs appear good so far. As such, I think it is something to at least be aware of and keep in mind.
Besides investing, it appears that FL opportunities exist in the development of decentralized apps. My understanding is that the language Solidity is used to create apps on the Ethereum blockchain. Does anyone have experience learning Solidity and or developing DApps and would be willing to share?
Thank You
If we read Un-scripted, we know that money (fiat currency) is a place to store value.
Block chain is the underlying technology to store value digitally, securely and decentralized. With it, people store the values in digital currency (BitCoin) and digital smart contract (Ethereum). There are many other applications of block-chain technology. These two are the two popular applications of block-chain.
How the blockchain is changing money and business
View: https://www.youtube.com/watch?v=Pl8OlkkwRp
How the blockchain will radically transform the economy
View: https://www.youtube.com/watch?v=RplnSVTzvnU
Hope this help.
you actually pointed out one of the big risks to any of these coins, other coins can be infinitely created out of thin air, ICO's out of thin air with no working business model, etc. However which ones are gaining traction? Its obvious now Bitcoin does not maximize the BLOCKCHAIN potential at all
People are moving onto others or relooking at others again. I see companies switching to Litecoin now, frustrated with Bitcoin and their issues.
Ethereum is the clear leader on smart contracts and many other avenues right now
I use the Ledger Nano S.
There already is a new "Reddit" called Steemit. Steemit pays with Steem which is usually in the Top 20 or even Top 10 highest volume crypto coins out there. There's definitely a lot of potential with social media platforms paying in crpyptocurrency and rewarding users for content creation, curation, investing money, etc. Even just integration with crypto makes it nice considering the more traction, the more momentum a platform gains the more $$$ to be made long term. I definitely think the bigger coins out there are ETH, XEM, XRP, Steem to name a couple. Steemit has a nice engine behind it, where I think plenty more crypto's will follow suit soon. Zaapl is kind of like the next Twitter I guess you could say, but we'll see whether or not it gains traction.Other coins out of thin air? Yep, that can happen, but they're called "shitcoins" for a reason.
ICOs out of thin air with no business model happens too (some are just plain scams), but one called MobileGo just recieved something to the tune of $45m in ICO funding.
What do you mean "Bitcoin does not maximize the BLOCKCHAIN potential at all?
If you're talking about what I think you are, look up some of the more recent news on that issue. It appears to be being solved.
LiteCoin does have potential, they have the Lightning network and SegWit activated, yet it's still only deemed to be worth $30-$40 a coin.
I have just ordered one of those, looking forward to trying it out.
I've been thinking about some other potential uses for the blockchain tech. Some of these may already be in progress as far as I know.
Twitter could end up dead in the not too distant future, why? Not just because of its lack of growth in recent time, but because of this: https://steemit.com/
What other social media platforms could be usurped with a blockchain solution? Facebook perhaps? What about Flickr, Tumblr, and YouTube (mentioned Singular DTV above, there is also Library Credits), or maybe a new Reddit? Plenty of scope here in my view.
Quite a lot of eCommerce stores can now take BitCoin, Ether etc. as payment, but could a massive giant like Amazon, or Ali Express be killed off with a blockchain based ecommerce mega store? I'm not saying it would be easy, but wouldn't mind betting it could be done.
yeah I get that, but in 1990, people didn't have the internet, or access to information like we do now. The amount of information available to us because of the internet helps us see the future of possibilities much easier. In 1850, no one knew what an airplane was.. they couldn't even Dream it. Today, we can actually dream about future things... What I'm trying to say is that I can sit here and visualize what a space ship is... I can sit here and visualize what the cure for cancer is... I can sit here and visualize what teleportation will be like. I can sit here and visualize what a city on the moon is...... someone in 1850 couldn't. Not because they weren't smart, but because they didn't have access to 6 billion people on the internet in a second, that could share crazy ideas, explain crazy ideas/concepts, and create these ideas using computer technology.
So the argument "they said that about the internet" to me, doesn't hold true today... sure, my mom who is technologically inept might say something like that.
my point here, where I'm trying to go with it is this:
Right now the markets are looking for SPEED.
Speed to market
Speed to spend money
Speed to get things transferred around the globe
Speed... and to really explain what speed is - not just going fast - but using computers, phones, etc and being able to do what you want fast.
So then enter this block chain .
speed is slow....... argument is that in a few years, speed will come... Ok... so block chain speed will come. cool... so what about all the other techs out there that are not block chain that are being developed? Why is blockchain better??? cause of encryption? because it can't be "hacked" as easily? I disagree with that.
how does Ethereum help me use my iphone to buy things faster from an end user?
how does ethereum help Apple implement apple wallet better?
how does a company with a web presence using Ethereum to sell more goods?
how does a company use Ethereum to reduce it's costs
how does an individual use Ethereum to better their lives?
The only answer I've seen on these forums "micro contracts"....... Why not just get an app? E.g. Uber? how does Ethereum beat Uber? So maybe UBER will use Ethereum in the back end - some sort of "block chain" technology/concept that they model around Ethereum, but why would anyone then user "ETHER" coins???
the pumpers are talking about Ethereum like it will replace the USD.
I was just talking to my sister the other morning about how blockchaining could be the end of Uber. I wonder if it will be.
What do you mean "speed is slow" on the blockchain?
A purchase with bitcoin takes as much time as with a credit card, the transaction is done in seconds.
It takes 10min for the blockchain to confirm that transaction, but you don't need that confirmation for small every day transactions or with a trusted party.
You can try it yourself at some coffee shops that accept bitcoin.
You can send someone bitcoin across the world in a couple seconds at a much cheaper rate than Western Union, wire transfer, etc. That's faster and cheaper.
That's just bitcoin. The blockchain is like an immutable decentralized ledger with many uses beyond cryptocurrency.
Ethereum is a platform that allows people to develop their own blockchain tools.
Here's an example using the blockchain to save a company time and money:
"
The shipping company Maersk has now announced that it has been working with IBM to use the blockchain to keep track of shipments as they’re hauled across the seas. This isn’t the company keeping track of the metal boxes themselves, but rather their contents. The company claims that a single container being hauled from East Africa to Europe might require paperwork to be dealt with by as many as 30 different people, spread across 200 or more interactions.
So with IBM it’s built a tool based on blockchain that allows every participant in a supply chain to see the progress of a shipment, including where the container is and the status of its documents. The hope: shippers reduce the weight of paperwork that needs to be done, while customs officials and clients can see where goods are at all times. So far, shipments of flowers from Kenya, mandarin oranges from California, and pineapples from Colombia have all been tracked using the tool as they flowed into the port of Rotterdam in the Netherlands.
Maersk isn’t alone in using the blockchain to keep track of stuff. As the New York Times points out in a long piece describing IBM’s foray into blockchain, Big Blue is working with 400 different organizations to apply the technology to different situations. That includes Wal-Mart, which announced last year that it was using blockchain to record and log the origins of produce in order to improve health and safety standards."
The world’s largest shipping company is trialing blockchain to track cargo
Then again - maybe IBM, Wal-Mart, Microsoft, suck at innovation and creating value. Why didn't they "just use an app...like Uber"?
Can we please just focus on the technology rather than the price? I could talk about the price all day, but that is not what I want the discussion to be about.
Other coins out of thin air? Yep, that can happen, but they're called "shitcoins" for a reason.
ICOs out of thin air with no business model happens too (some are just plain scams), but one called MobileGo just recieved something to the tune of $45m in ICO funding.
What do you mean "Bitcoin does not maximize the BLOCKCHAIN potential at all?
If you're talking about what I think you are, look up some of the more recent news on that issue. It appears to be being solved.
LiteCoin does have potential, they have the Lightning network and SegWit activated, yet it's still only deemed to be worth $30-$40 a coin.
I have just ordered one of those, looking forward to trying it out.
I've been thinking about some other potential uses for the blockchain tech. Some of these may already be in progress as far as I know.
Twitter could end up dead in the not too distant future, why? Not just because of its lack of growth in recent time, but because of this: https://steemit.com/
What other social media platforms could be usurped with a blockchain solution? Facebook perhaps? What about Flickr, Tumblr, and YouTube (mentioned Singular DTV above, there is also Library Credits), or maybe a new Reddit? Plenty of scope here in my view.
Quite a lot of eCommerce stores can now take BitCoin, Ether etc. as payment, but could a massive giant like Amazon, or Ali Express be killed off with a blockchain based ecommerce mega store? I'm not saying it would be easy, but wouldn't mind betting it could be done.
I was just talking to my sister the other morning about how blockchaining could be the end of Uber. I wonder if it will be.
You're right to say that its a digital asset. Bitcoin could be considered version 1, dash version 2, and eth / ripple version 3. The blockchain technology will continue to improve.you heard me, bitcoin is just a digital asset of limited supply that is traded like hot potatoes and presumed to have value because its a form of money that uses the blockchain. Ethereum the platform and eth it's representative token is a decentralized platform, token currency, and a system that harnesses the blockchain benefits. Eth can be traded like a digital asset just like bitcoin but actually provides way way way, did I say WAY, more potential than BITCOIN itself
Its easy to understand if you do the research.
i sayYou're right to say that its a digital asset. Bitcoin could be considered version 1, dash version 2, and eth / ripple version 3. The blockchain technology will continue to improve.
The internet we use today is highly centralized, in two ways, each of which some people want to decentralize.
First, is the hardware.
Our home routers are designed for a hub-and-spoke model, wherein your home devices are connected to an "internet provider" who connects in turn to a higher-level provider, and so forth. In this part of the internet, the advantages of a network, a web, are completely lost. If you want to connect to your neighbor down the street, your data goes to your ISP, and possibly somewhere else, before getting to your neighbor's ISP, and then to them. This is despite that fact that there is tremendous unused capacity between your house, and their house, which could get the job done locally, without having to leave your own street. Neither of your ISPs should have to get involved, at all.
Further, it is possible to set up ad-hoc mesh networks so that smartphones can communicate with each other. This has already been done in the real world, during crisis situations when people cannot access regular internet, to enable a way to communicate to others, over WiFi, without any other hardware except the smartphones in the area. I don't buy for a second that this isn't solvable for general use. What's missing here is further support for the concept. And that could mean taking support away from hub-and-spoke infrastructure like cell towers so more bandwidth can be dedicated to WiFi. Obviously there's opposition not just from corporations who profit on hub-and-spoke, but spies who like to monitor it.
Second, is the software.
We could change the hardware right now, and the system would still be centralized. Consider how we use it. Actually consider just Reddit. Reddit is something which ought to be a protocol, so that no matter where you were on the internet, you could leave a comment with your reddit ID, and other redditors would see it, either by following you, following the subject, or following that website. Nobody, in particular the site owner, or admins, or moderators, could block the communication between you and the people who were interested in what you had to say... regardless of what you had to say. By leaving Reddit as a site, it is fundamentally flawed, and is essentially a censorship machine like all the rest. (At least it has the decency to admit when it deletes something, though... but watch for that to disappear)
The comment before yours referred to file storage. Well, decentralized file storage is ALREADY a thing (storj.io, lbry.io) and it's hosting content that others have tried to censor (notably, a series of university lectures that deaf people had censored because they weren't captioned). This is a new concept, but people can be compensated for their storage costs by the people requesting it. It's unlikely that you'd opt to store other people's file fragments on your phone today, but give it a few years.
Keep in mind that the concept of "eat up your bandwidth" doesn't necessarily apply to a mesh model, where you are cooperatively serving the internet to each other.
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