Quote from: Wintersoldier on October 21, 2019, 02:01:14 AM

With the term:

Quote from: Mandoy on October 19, 2019, 12:04:34 PM

It was mentioned that blockchain was more than just bitcoin uses.

I highly disagree if it means that blockchain would be a backbone to an entity other than cryptocurrency because once and for all, it was meant to boost the characteristics that a currency should have, and blockchain does that. Another, is the reputation of cryptocurrency and blockchain. Meaning to say that, blockchain by other means is considerably, blockchain abuse.

The blockchain technology can exist without cryptocurrency but cryptocurrency (in its original meaning and structure) may not be functioning without the blockchain. This means that one can use the blockchain technology since it is available to all, modify it to suit one's needs and goals and not necessarily establishing the cryptocurrency part. In fact, many countries and companies are already experiencing with this and many projects are in the implementing phases. In China, though the government is not into Bitcoin, they pour a lot of resources for research and manpower towards using the blockchain technology for different areas and concerns.

No wonder some governments like those in Latin America who understand the impact blockchain may have on their own countries are now looking at how to get the benefits but without the need to also launch their own cryptocurrency. And this is in fact the reason why Satoshi Nakamoto made this technology open to all regardless of race and economic status. Of course, there are still those who don't fully get it and still harboring many misconceptions on the blockchain and cryptocurrency and actually we could not fault them because there is no centralized organization with Bitcoin that has the money to spend on educating people and let them understand the positive implications of this technology.