Merged Bitcoin - Part 3

and lol at scouring the internet. this stuff is easy to find. what you gave to scour the internet for is someone doing something useful with bitcoin
 
dirtywick said:
and lol at scouring the internet. this stuff is easy to find. what you gave to scour the internet for is someone doing something useful with bitcoin
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Since I have never claimed that bitcoin is a "useful currency" I don't have to prove it. I only point out bad arguments (or when somebody is obsessed).

OTOH the underlying blockchain technology has the potential to be useful. For example, the BRICS nations are developing a block chain based currency (backed up partly by gold) that can be used as an alternative to the USD for international transactions.

Many banks are using the Ripple network for international currency transfers.
www.mexc.com

What Banks Use XRP? Complete List of Financial Institutions Using Ripple

Sending money across borders traditionally meant waiting days and paying steep fees. Today, financial institutions worldwide are turning to XRP to revolutionize international payments. This guide
www.mexc.com www.mexc.com
 
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psionl0 said:
Since I have never claimed that bitcoin is a "useful currency" I don't have to prove it. I only point out bad arguments (or when somebody is obsessed).

OTOH the underlying blockchain technology has the potential to be useful. For example, the BRICS nations are developing a block chain based currency (backed up partly by gold) that can be used as an alternative to the USD for international transactions.

Many banks are using the Ripple network for international currency transfers.
www.mexc.com

What Banks Use XRP? Complete List of Financial Institutions Using Ripple

Sending money across borders traditionally meant waiting days and paying steep fees. Today, financial institutions worldwide are turning to XRP to revolutionize international payments. This guide
www.mexc.com www.mexc.com
Click to expand...
This thread is about Bitcoin, not blockchain. But the two are closely linked, so...

With the value of Bitcoin now dropping at its most precipitous rate ever, it hardly seems to be reaching the potential promised by blockchain technology. Rather it appears to be showing up blockchain's inadequacies.

Bitcoin was supposed to be the future of money, and blockchain was purportedly the key to rivaling fiat currencies without involving banks. However in practice Bitcoin has become little more than fake gold, and banks are still an essential part of its infrastructure. Blockchain doesn't appear to being used much in other areas either, whjich is hardly surprising considering it was only designed for one purpose - decentralized money.

Blockchain was invented in 2008 specifically to create a "useful currency". It failed spectacularly. 18 years later it's still struggling to reach its 'potential' for anything except crime and grift.
 
Roger Ramjets said:
This thread is about Bitcoin, not blockchain. But the two are closely linked, so... I will use the two interchangeably just to muddy the waters.
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ftfy.

In his original white paper Satoshi Nakamoto simply wrote:
What is needed is an electronic payment system based on cryptographic proof instead of trust,allowing any two willing parties to transact directly with each other without the need for a trusted third party
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His blockchain software achieved this. Any hype about bitcoin replacing banks or fiat currencies came from others - mostly libertarians.
 
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