Major companies try Bitcoin technology

Posted on by in Bitcoin

Since it was introduced eight years ago, the digital currency Bitcoin has drawn attention for its rise in value. Like other digital currencies, it uses “blockchain” technology, which helps conduct transactions without using banks or credit card companies as conduits. Hari Sreenivasan spoke with Don Tapscott, co-author of “Blockchain Revolution,” about the technology’s potential.
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19 Responses to “Major companies try Bitcoin technology”

  1. MysTicBiGz

    07. Sep, 2017

    pyramid scheme

    Reply to this comment
  2. random816

    07. Sep, 2017

    Spot on man. Excellent piece of reporting! Don knows whats up!

    Reply to this comment
  3. Taylor Madison

    07. Sep, 2017

    It was supposed to be free to use like the internet. Now rich people want to take it over and charge fees for it.
    :

    Reply to this comment
  4. whutman

    07. Sep, 2017

    Just remember, in 1999 at the height of the tech bubble it was the same utterance of "we've reached a new paradigm!" as the reason why stock prices were skyrocketing. Sure, the internet did change everything, but those valuations were way out of wack. Same thing is going to happen here sadly, even if the tech is a game changer there's no real connection anymore between price and value. Pure mania.

    Reply to this comment
  5. Brad Busch

    07. Sep, 2017

    Beware your hype cycle. Being a currency which can't be manipulated by high frequency trading isn't an asset backing, save that it is backed by an inability to be manipulated into bubbles, which is pretty good now that I think of it that way. Bitcoin tried to engineer out it's own hype cycle, and generated hype, which is counter productive for bitcoins only asset: immunity to hype cycles. The question now is: where do I get bitcoin?

    Reply to this comment
  6. Cường Nguyễn Văn

    07. Sep, 2017

    Đăng Ký đầu tư nhận lãi 30-40%.tháng. Làm Ngay và Luôn.
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    Nhận lãi trung bình 1% mỗi ngày, kể cả thứ 7 và chủ nhật

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  7. Plexcoin

    07. Sep, 2017

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  8. Joe Marks

    07. Sep, 2017

    @2:01 What's the most powerful computing resource? Does anybody believe there is, or will be, only one even if that source is comprised of several moving parts? No form of currency has been created that somebody hasn't proven can be taken.

    Every currency is a pyramid scheme. Creating a place of limbo to store offshore tax haven gains, as well as making the mechanism to more efficiently launder those funds, exploits and nullifies the equally invisible social contract. Enjoy your newest monopoly game theory.

    @5:52 I see more resemblances today of 1984 than a decade later.

    Reply to this comment
  9. Sergio Martinez

    07. Sep, 2017

    Currency? Spend it while you can !

    Reply to this comment
  10. Soltzbiz Soltzbiz

    07. Sep, 2017

    tapscotts book was horrendous

    Reply to this comment
  11. Lorenz Zahn

    07. Sep, 2017

    Brace yourselves for another .com-bubble. While I believe in block chain technology, I also believe some people are getting ahead of themselves. :/

    Reply to this comment
  12. Nadal Adams

    07. Sep, 2017

    Guys we cam supply these mining devices from china with better prices
    Nadal 0086 130 6090 8719

    Reply to this comment
  13. aresmars2003

    07. Sep, 2017

    I imagine over time these "blockchains" would get vast, especially if there were trillions of such records being recorded every year.

    Reply to this comment
  14. James Chew

    07. Sep, 2017

    Research and invest in Bitcoin and Litecoin. It will change your life, it has mine.

    Reply to this comment
  15. DrJesus

    07. Sep, 2017

    I am currently constantly in surveys to get BitCoin 😀
    Like on this site: http://bitgames.io/?affid=1006292
    The technology revolutionaries predict all prizes of $ 100,000 – $ 5,000,000 and I keep the coins for a long time in my wallet. If the price really goes so far, I earn over 200 € a day through a few boring surveys haha

    Reply to this comment
  16. Adam Smith

    07. Sep, 2017

    youtube(.)com/watch?v=nYQFgoSB468 get Bitcoin Cash for free from 01 August 2017 FREE

    Reply to this comment
  17. Rick

    07. Sep, 2017

    I really like the presenter.

    Reply to this comment
  18. excusesbegone

    07. Sep, 2017

    090317

    Reply to this comment
  19. MainAccount

    07. Sep, 2017

    Bitcoin’s value derives from its current real uses (mainly for money transfers and remittances) its limited supply and scarcity (store of value) and its many potential uses. Also, behind the curtains there is a huge growth in the bitcoin ecosystem development that a regular folk can't see because it's ignored by the media.
    If you buy for day trading you may lose money, but if you hold long term, it has been proven you get nice ROI. And bitcoin has barely started, think of the Internet/email in the 90's. A decentralized technology that has a valuable use it's not going to disappear, even if a few tyrannical governments try to "ban" it.
    Check out this great articles:
    What Gave Bitcoin Its Value?
    https://fee.org/articles/what-gave-bitcoin-its-value/
    "How do Bitcoins have value?"
    https://www.quora.com/How-do-Bitcoins-have-value/answer/David-Strayhorn

    Get free from Central Powers control by using decentralized currency. The future economy will be totally digital and decentralized. Bitcoin is a worldwide-distributed decentralized peer-to-peer censorship-resistant trustless and permissionless deflationary system/currency (see Blockchain technology) backed by mathematics, open source code, cryptography and the most powerful and secure decentralized computational network on the planet, orders of magnitude more powerful than google and government combined. There is a limit of 21 million bitcoins (divisible in smaller units). "Backed by Government" money is not backed by anything and is infinitely printed at will by Central Banks. Bitcoin is limited and decentralized.

    Receive and transfer money, from cents (micropayments) to thousands:
    * Cheap regardless of amount $$$ sent (Soon again with Segwit+LN)
    * Borderless (no country can stop it from going in/out or confiscate)
    * Trustless (nobody needs to trust anybody for it to work)
    * Privacy (no need to expose personal information)
    * Securely (encrypted cryptographically)
    * Permissionless (no approval from central powers needed)
    * Almost Instant (from seconds to a few minutes)
    * Open source (auditable by anybody)
    * Worldwide distributed (from anywhere to anywhere on the planet)
    * Censorship resistant (no government can stop its use)
    * Peer-to-peer (no intermediaries with a cut)
    * Portable (easier to carry/move than cash, gold and silver)
    * Public ledger (transparent, seen by everybody)
    * Scalable (each bitcoin is divisible down to 8 decimals)
    * Decentralized (distributed with no single point of failure)
    * Deflationary (its supply goes down with time until reaching 21 million ever)
    * Immutable global registry (can’t be altered/hacked by nobody)
    * No chargebacks-No fraud ('push' vs' 'pull' transactions).

    And that’s just as currency, Bitcoin has many more uses and applications.

    For more info go to r/bitcoin on Reddit.

    Reply to this comment

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