Post
Topic
Board Bitcoin Discussion
Re: lol: blockchain - yes; bitcoin - no
by
Lauda
on 05/08/2015, 07:27:16 UTC
Off with your head!* Bitcoin revolutionizes illegal actions -- does it hold your interest?
-snip-
If you cannot see any reason for anonymity other than illegal activities, then you have a very narrow scope of imagination.
Wrong. There's a reason for which Bitcoin is pseudo-anonymous and you obviously aren't seeing it. DASH/Monero/similar coins can't become legal and regulated properly because of their anonymous nature.
Also, stop misinterpreting my words.

The point of hashing and the blockchain is attaining distributed consensus in spite of being open to the whole world. If it's for "internal applications", there's no need for a blockchain. An ordinary database will do and, as a bonus, won't be open to transaction analysis and network attacks like Bitcoin is.
Banks get hacked from time to time. I wonder where you came up with the assumption that their distributed ledgers will not be susceptible to attack?

I understand what you mean OP. "blockchain" has become a buzzword now and meaningless like the word "disruptive". I believe that people who are dismissive of bitcoin and favour blockchain probably know little about either of them.
I do believe that blockchain will outlive bitcoin though. there is more uses for it than a single currency.
Here is a nice article that calls the separation ludicrous. Instead of dismissing either, people should be cherishing both blockchain technology and Bitcoin.
Obviously, there are groups that are starting to become scared of Bitcoin as it might harm/destroy their corrupt businesses. However, I do agree that blockchain technology has much more potential than just being used in a currency.