Quote:
Originally Posted by clickity click
Hmm, I have to disagree. The blockchain is separate from Bitcoin although it is true that Bitcoin couldn't function without the Blockchain.
In my opinion the Blockchain is the #1 technology although bitcoin has the potential to change the way we use money.
Honestly, I have no idea how much you can add to the blockchain and whether these files would be considered useless bloat.
I can however see value in allowing people to share information anonymously.
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The blockchain can grow by
one megabyte every ten minutes; that is the absolute maximum. This doesn't make for very useful cloud storage; there are much more cost-effective alternatives to "anonymous file hosting."
As to your claim that bitcoin couldn't function without the blockchain, you have it exactly backwards. The blockchain is made secure by the miners, and the miners work for money; if they can't pay for the electricity that crunches the numbers, they will power down. Without the unit of currency, it would be impossible to compensate the miners for their work. Of course, without the blockchain, there would be no currency. Which brings me back to my original point: bitcoin and the blockchain are one-in-the-same.
The whole "
blockchain technologies" line is pushed by opponents of bitcoin in an attempt to slander and kill it. They formerly claimed that the whole concept was stupid. Having
failed that approach, they have moved on to denying the monetary aspect of bitcoin. The message in both attacks is the same: don't invest money!