Post
Topic
Board Bitcoin Discussion
Could this be a success with Consortium / Private Blockchain?
by
dj213
on 20/05/2016, 19:22:03 UTC
Financial companies trying different ways of approaching Bitcoin’s blockchain. These technologies could be applied to our financial system by 2020. 
We are witness of bitcoin's development, and other cryptocurrencies known as alternatives. The path is dangerous and the banking system tries to eliminate the miners that back it, and avoid the currency that is intertwined with it.
What is innovative about the bitcoin protocol is the way it provides security and transaction verification without a central point of control.  It is this core innovation that scares the heck out of everybody. The moneymakers lose their power, as days go by, and it is in their hands to embrace it.
Instead doing that choice, they have started a race for blockchain. Everyone’s institute tries to create a system similar to the Bitcoin’s blockchain. Without implement the main Satoshi rule. Bitcoin needs miners and nodes, and freedom of its creation upon simple users. Each person should be in a position to create Bitcoin.
But this principal has been eliminated by the core. They reach a point where the core developers have betrayed the white paper of Satoshi.
The power of mining has gone to large corporations, so in the hands of few. 
Now is the time for the banking system to step ahead. Be again the owner of creating not physical money but digital. This is their opportunity. If history is any guide, they will fail and be forced to accept that decentralized bitcoin is unstoppable.
Hoped the core developers also choose the right path, the path of giving each indivitual the liberty to have a piece of bitcoin. It is still not to late to change the course!!!!