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| The Blockchain; A New Way Forward For Money And Buisiness | |
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| Topic Started: Jan 27 2017, 10:40 AM (188 Views) | |
| Opinionater | Jan 27 2017, 10:40 AM Post #1 |
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Senior Member
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A very interesting concept, in fact world changing. Money, services, land, property and much more, no middle man, banks or any other trustee. Trade without barriers. If you have time just listen to this, you won't be disappointed and I would be very interested in your views. Stick with it, it just gets better and better https://www.ted.com/talks/don_tapscott_how_the_blockchain_is_changing_money_and_business#t-1027411 |
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| Deleted User | Jan 28 2017, 09:56 AM Post #2 |
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A clever technology that may indeed change the way a lot of things are done, no one seems interested here though which is very odd. If voting goes online it will be using blockchain tech. Satoshi Nakamoto you clever bastard/s no wonder you felt the need to duck and cover. Needs electricity to work though and that sucks. I like second hand gold coins and diamonds as money stores you can bury those back in the ground for as long as you like but not as easy to move around the world as cryptocurrencies. |
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| Opinionater | Jan 28 2017, 10:07 AM Post #3 |
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Senior Member
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Could be a bit deep for some to take in or require more time than members are willing to spend to take in the concept. I think most members like to read and respond based on their beliefs and do it in a short space of time. Voting using blockchain would be a good thing. Electricity, their are many way of taking control away from the middle men and distributors, may not be a block chain system as suck but it cuts out the middle men. Thanks for contributing, you may spark more interest let's see... |
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| Deleted User | Jan 28 2017, 10:14 AM Post #4 |
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Two min explanation. https://www.youtube.com/watch?v=WiRFuHXHBhk |
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| Steve K | Jan 28 2017, 01:24 PM Post #5 |
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Once and future cynic
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Part of the issue was your OP called for people to stop and listen. I don't think I'm alone in detesting debate by reference to audio/video links Here is the transcript: https://www.ted.com/talks/don_tapscott_how_the_blockchain_is_changing_money_and_business/transcript?language=en It also didn't help that Blockchain which is essentially a data security protocol was portrayed as a shorthand for an alternative currency system that happens to use it as just one component of the system. So to alternative currency systems - do you really want my view? They are largely a method for the unscrupulous to long term profit by making mugs of the many. Only a currency regulated by an ultimately democratically accountable institution should ever be trusted. |
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| Opinionater | Jan 28 2017, 04:53 PM Post #6 |
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Much rather listen and view something that have to read it personally but we are all different. In my view it clearly demonstrated Blockchain as a security protocol only using Bitcoin as an example of one of several systems using It. If you can remove the institution that undertakes the trust function and replace it with a trusted system it's got to be worth looking at in my view. |
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| Steve K | Jan 28 2017, 06:10 PM Post #7 |
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Once and future cynic
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Who do you trust to limit the effective money supply and underwrite the currency obligations? Call me strange but I trust democratically accountable outfits over some geek typing away in his bed sit on behalf of some manipulating conman everyday |
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| Oddball | Jan 28 2017, 06:27 PM Post #8 |
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Does 'virtual money' mean that we have 'virtual banks and investment houses', that can then 'virtually crash' without warning? Will the 'virtual directors and share holders' be held 'virtually' responsable? Would a 'virtual crash' have real financial world consequences? Edited by Oddball, Jan 28 2017, 06:29 PM.
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| Opinionater | Feb 2 2017, 03:42 PM Post #9 |
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Well as far as Bitcoin is concerned it seem the EU don't like it https://news.bitcoin.com/europe-roadmap-restrict-payments-cash-cryptocurrencies/ |
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| Pro Veritas | Feb 2 2017, 10:18 PM Post #10 |
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Upstanding Member
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Yeah, because no such outfit has ever seen a nation's currency tank because of political manipulation have they? Oh, wait... All The Best |
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| johnofgwent | Feb 2 2017, 10:31 PM Post #11 |
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It .. It is GREEN !!
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and that isn't because it threatens the european central bank's fantasy of being an overlord of the universe ??? |
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| Steve K | Feb 2 2017, 10:37 PM Post #12 |
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Once and future cynic
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print money to buy some illusory growth to make Brexit temporarily seem OK you say? Anyway BitCoin will end in tears |
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| Rich | Feb 2 2017, 10:43 PM Post #13 |
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Cash is King for me and mine, we draw out what we need for the week and to me that tends to make one spend more wisely as one sees the wad shrinking by the day.
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| Tigger | Feb 2 2017, 10:56 PM Post #14 |
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A proper currency would resort to going back to minting gold and especially silver coins for general circulation, in fact a coin like this existed until recently. The so called Maria Theresa taler was a coin minted from the 1780's until only a few years ago, recent ones were also dated 1780 and the design and fineness of the silver never changed, the coin was accepted everywhere from Europe and Africa to right across Asia and as far as Japan and the Russian Far East, naturally it wasn't an online currency. I'll shut up now it's getting boring. |
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| johnofgwent | Feb 2 2017, 10:59 PM Post #15 |
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It .. It is GREEN !!
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well i know a little about it already far from democratising, the fact is the first innovators of the blockchain and the bitcoin mining are the only ones that ever mad any money from it, to propagate it now requires a solar panel array, hydro or geo electric system or a medium sized nuclear power station to give you the free electricity to run the asics you need to be first to solve the solution, or you get diddely squat ever, or of course you can buy into a conglomerate, and make them rich through your labour not what it's hype advertises it to be. |
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| disgruntled porker | Feb 4 2017, 08:10 AM Post #16 |
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Older than most people think I am.
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I'm with you on this Rich. |
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| Pro Veritas | Feb 4 2017, 08:45 PM Post #17 |
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Upstanding Member
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Still in production actually. All The Best |
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