Post
Topic
Board Bitcoin Discussion
Re: Cyber attacks are good for Bitcoin
by
BitHodler
on 26/10/2018, 23:01:18 UTC
It won't wake up the people but the companies will realize the benefits their company can have (security, efficiency, costs,...) Not to say some companies will have no choice to use the technology to adapt its activity around the tendencies.
In the future, people will use the blockchain tech/crypto tokens without knowing it

lol @the bolded, how is that possible? Undecided

When you make use of a system you know nothing about then you are totally on your own.
I think he's referring to the user end of things. What difference will you as user notice when PayPal for example uses blockchain technology internally? It's a benefit for PayPal itself, but the user will not benefit from it.

Regardless of how I think that databases are just as efficient, the hype around the blockchain makes businesses aware of how they can cut on operational costs, and they want to keep that private.

Only when businesses start to compete with each other by lowering the costs of the services that they offer, users in some industries might finally notice the effect of blockchain adoption. International bank transfers are definitely one of them.