Quote:
Originally Posted by ChiefRocka
Just curious what you guys think blockchain is exactly? I think there is a lot of misinformation and overhyped speculation out there and nuthobs who say Bitcoin will replace the dollar as a one world currency doesn’t help the public perception.
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I've been in tech too long. This for sure next great tech that will blow up everything
Bitcoin is a totally separate from blockchain, the tech. Bitcoin uses blockchain as its tech on the back end. Same as the hospital.
I was using "block chain" back in 1999 to resolve an issue I was having but the encryption was for shit so we were just putting public information on there to avoid bringing stuff through the firewall wall.
Blockchain is simple yet complicated. Trying to explain it in one paragraph is hard. If interested, google is your friend.
“A blockchain is a magic computer that anyone can upload programs to and leave the programs to self-execute, where the current and all previous states of every program are always publicly visible, and which carries a very strong crypto economically secure guarantee that programs running on the chain will continue to execute in exactly the way that the blockchain protocol specifies.” — Vitalik Buterin