Bitcoin Might Fail but the Blockchain is Here to Stay | WIRED Retail | WIRED

[@knight22to]

At this point I don't think bitcoin is going to fail. It has become way too big.

[@Blace007]

***** here some 666 bits :* *****

[@gregb4637]

Blace007 ***** $10 Spread the word my friend :) ps. Hahaha.

[@nahomvanderwinden8464]

Prove me that you're rich. 1BM1nqQxa2yJt6WPAogxrEftUX9kPuMMii Thanks kzbin.info/www/bejne/oJPYZ3xjbdKBi9E

[@masidawoud]

"The blockchain is a protocol of value". Already in the first minute of the presentation you show you don't totally get the blockchain technology. I'll pass on this talk.

[@deathmetaldxb]

lol that's Block Pierce , he was one who termed the technology as "Blockchain" & also he started the 1st ICO in Master Coin

[@kasefranco5675]

Hey, could you possibly help me with this issue? USDT TRX20 is stored in OKX and I have the recovery phrase [ clean party soccer advance audit clean evil finish tonight involve whip action ] How can I send it to Bybit?

[@kasefranco5675]

Pardon, but I need your help with something-could you assist? my OKX wallet holds USDT TRX20, and my recovery phrase is (clean party soccer advance audit clean evil finish tonight involve whip action). Can you explain how to move it to Bybit?

[@slickwidit]

Can you currently buy stock in change coin?

[@gerrardbarns7723]

At long last, a decentralized currency. No more central banks(or war)...yay

[@xl0l0l0l0lx]

Wont governments force blockchain providers to reveal ID's of users much the way the forced com companies to reveal the names of phone customers - I mean this won stay anonymous for long once it becomes ubiquitous

[@johnr743]

+xl0l0l0l0lx true even though new a day people give false ID and most of them use false ID with PayPAL

[@adventure-cowboy]

Such a clear explanation of Blockchain. Thank you!

[@LiebeGruesse]

Each unit of fiat money represents a loan that someone received for promising to move things forward. The value of a currency represents the value of those promises. And we’re doing pretty well compared to the times when actual metal coins dominated the scene. The progress humanity has made over the last 300 years is a miracle of institutional collaboration. In contrast, the creation of a bitcoin represents just a loss of resources and a lack of confidence in our ability to give a promise and hold on to it.

[@aamaya52gmailcom]

I cannot stand the idea of low transaction fees for remitence when the exchange rate of bitcoin to fiat is, by far, the most expensive and cumbersome

[@TomHinueber]

Jose Amaya typically it's 1% wire transfers hover around 10% so yes bitcoin will have a huge effect on the 500 billion remittence market.

[@nederhoed]

Jose Amaya this will be a non-issue once the receiving party can buy products with the incoming bitcoins. Once small economies arise around bitcoin, this trend will set in.

[@n3lz0n888]

errrr the Philippines? I hope they improve their internet infrastructure first.

[@cityshots]

the new gold rush, with the steady money being made in the pans, jeans, tools....the apps explosion fueling the engine.... so exciting....

[@heltok]

Maybe you should not set headlines based on your own personal opinions but on what the content actually is about.

[@mmortal03]

Actually, the value stored on the Bitcoin blockchain can't be secured if the price of a bitcoin drops too low, as miners will drop out, and the cost of the equipment necessary to carry out a successful attack on the network is dependent on how high a hash rate it must compete with. So, if the Bitcoin blockchain succeeds, the price of bitcoin will be higher. You might say that a different blockchain technology could take Bitcoin's place, but even that is a tough sale, given Bitcoin's head start, network effect, and hashing power relative to its competitors.

[@namelesslamp12]

Aged like milk

[@stinkleaf]

How will the government tax income to business who accept Bitcoin? Who exchanges it to US dollars for example?

[@jtm198]

+Stunami 'How will the government continue to exist?' in its current form is the real question.

[@johnr743]

i dont know when peole say bitcoin might fail, blockhain is based on bitcoin so how the heck will it fail. trust

[@sanadayukimura1615]

strap on enjoyer

[@earthpet]

Here is the problem with the blockchain (if I understand it correctly): Let's say I'm a government that doesn't want this Bitcoin competition. I set up a HUGE bank of supercomputers to do nothing but generate micro-transactions and thus adding to the blockchain data at light speed. What was once a manageable rate of data then becomes a supernova of data and plugs up the system. Someone please explain why that should not be a concern.

[@MrGreatsuccess]

+earthpet it costs fees to do transactions with Bitcoins. So basically you pay for the miners to clear your transaction. Sending huge amounts of transactions in the network would only ruin you and feed the Bitcoin-economy.

[@LiebeGruesse]

Nobody can explain this to you, cause that _is_ a valid flaw. Blockchain is neither democratizing anything, nor is it by any means anonymous. It would be easy for any state or big corporation with enough computing resources to hijack the network. The normal participants pay an oligopoly of few miner networks to waste energy just to avoid collaborating with institutions.

[@mepowell46]

Excellent content. Thanks Wired, Brock!

[@jawadyaqub]

SO SO bad at explaining blockchains. :-)

[@kennedymutiti1826]

Say what you want about Bitcoin, but a decentralized currency that has been booming and fluctuating recently? It won't go away. Also given the fact that the blockchain won't go away as well, and the amount of bitcoins depend on whether people mine them or not. I don't see big companies accepting them any time soon due to the fact of long standing relations with other payment alternatives, but I believe Bitcoin will save the small business industry.

[@MrDuderivers]

My concern is that its an energy currency, which is something Thomas Edison theorized. But we already have an issue with energy in our economy. This is we are trying get an fossil energy to a renewable one. It all makes sense thou.

[@coinmarketswot3264]

these so called investors are just jumping in and out, this behavior destroys more then then that it enables and creates. They are not so aware of the consequences of their contradictions, fueled with their greedy haste.

[@mariajournal4548]

A very very poor explanation of blockchains. Why are people like this allowed to give presentations.

[@jojo300001]

How so?

[@owenwu4708]

bitcoin hit 19,500 last year

[@870deans]

I think as it stands bitcoin is and was successful due to the anonymity of it and the use of the currency on the black market for drugs. Without some serious use of the coin it becomes worthless and seeing not many big players accept bitcoin yet most of the transactions were through the silk road! I'm no expert I like to give my 10¢

[@MohammadRaja1337]

What will happen if all 21mio bitcoins have been mined ?

[@BrieoRobino]

Mohammad Raja they no more can be made. you have to buy them from other people.

[@MohammadRaja1337]

I checked it... You can still mine BitCoin... But how ?

[@BrieoRobino]

Mohammad Raja no... you cant mine any more after they have been created. after that miners will be paid with transaction fees.

[@robweldon7364]

+Mohammad Raja 21,000,000 BTC are all that there are, but each one can be subdivided into 100,000,000 bits. That makes 2,100 trillion total a possibility. If you buy just one now, it could pay off huge.

[@k0d3g3ar]

+Mohammad Raja Anyone who owns BTC at its current price gets ridiculous rich! Laws of scarcity can't be denied.

[@ZimbaZumba]

He is using the word Protocol when he does not understand what the word means.

[@thealexgalaxyoriginal]

~"with bitcoin you don't have to trust your customer." - And WHY SHOULD YOU?!?! (maybe unless you're selling something they could shoot you with?)

[@justenkarinmerks-roebroek9281]

Fake charge backs and fraud?

[@thealexgalaxyoriginal]

Justenkarin, charge backs with bitcoin are at the discretion of the merchant

[@alinamalina1337]

Alex Millar Well unless the buyer from that particular merchant is not hardcore redditer or popular blogger, who can break with 1 of his word that particular service/product online that is being sold/served online (i am not talking about onionland though) Aleenamaleena from twttr

[@bitlandghanalandtitleblock7946]

Bitland uses Blockchain in Ghana to create Clear and Secure Land Titles ! .. thanks !

[@vjeko2n563]

blockchain is the problem !

[@kryptoknight.]

ENSLAVEMENT TOOL! STICK IT!

[@unabonger777]

how is this about the block chain? this is a lot of blabbering, bitcoin 101.

[@Littleblaza]

Remember the ONLY ones that hate BITCOIN are the ones that don't OWN ANY , FACT . The naysayers ..... I say GO..... BITCOIN ....GO .

[@silindtipsittirach262]

ิสนใจ

[@vjeko2n563]

blockchain is the problem !