Post
Topic
Board Bitcoin Discussion
Re: $55 Million for Blockstream to build out Bitcoin!
by
iCEBREAKER
on 05/02/2016, 19:23:51 UTC
Many people are more interested in bitcoin-the-blockchain-technology than Bitcoin-the-first-crypto-currency.

I'm sorry, but I have no way of interpreting that statement that doesn't involve you being an idiot.

There is no such thing as bitcoin-the-blockchain. The fact that you can even begin to conceive that this may be a thing makes me very certain that you are shit out of arguments in this debate.

Blockchain - anyone can create: can use it to support currency, dns, registries, etc.

Bitcoin - is a digital currency that employs blockchain rules.

Trying to paint bitcoin as some tech-for-hire is a new low - even for you.  

Bitcoin's blockchain exists.  You may download it here.

You don't need to hold Bitcoins to use Bitcoin's blockchain; you only must spend enough to use the blockchain as an immutable ledger (ie, it's tech for hire).

Soon we will have Layer 2 things built on the blockchain's Layer 1, like sidechains and payment channels, which abstract, standardize, and (hopefully) commodify/commercialize/professionalize those processes.

Accounting firms like PwC are very excited to use bitcoin-the-blockchain's technology and infrastructure to do their jobs better, but crypto-currency speculation is beyond their remit.