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Blockchain
19-01-2018, 04:13 PM,
Post: #31
RE: Blockchain
We heard so much abt how this blockchain tech brought all this crytocurrencies into crazy plays. So instead of betting on these cryptocurrencies which carry very high risk, why isn't anyone interested into investing those companies that dev blockchain. A search thru' google yield little help as it throws up a lot of unknown names too. Is there any listed DJ companies into these game? Anyone can shed some light on? Thanks.

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19-01-2018, 04:57 PM, (This post was last modified: 19-01-2018, 05:08 PM by Wildreamz.)
Post: #32
RE: Blockchain
Thanks Holymage. That is a notable point you brought up, about the difference between Blockchain and Distributed Ledger System, and you are 100% correct. 

That said in my view, the word "Blockchain" is almost analogous to "Distributed Ledger Systems" in the finance and tech world right now; "Blockchain" is now the buzzy, catch-all term to describe all distributed ledger systems and related technology by people in the industry. I certainly use it that way (interchangeably with DLS) myself.

More technical and in-depth discussion could be found here, by experts: https://blockgeeks.com/questions/what-is...echnology/

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19-01-2018, 05:08 PM, (This post was last modified: 19-01-2018, 08:00 PM by Wildreamz.)
Post: #33
RE: Blockchain
(19-01-2018, 04:13 PM)hh488 Wrote: We heard so much abt how this blockchain tech brought all this crytocurrencies into crazy plays.  So instead of betting on these cryptocurrencies which carry very high risk, why isn't anyone interested into investing those companies that dev blockchain.  A search thru' google yield little help as it throws up a lot of unknown names too.  Is there any listed DJ companies into these game?  Anyone can shed some light on?  Thanks.

Hi hh488, this is still very early stage of an emerging area: true innovators, and biggest beneficiaries are not clear yet.

That said, please see first few post for related discussions.

In summary, I personally believe that Big Tech (Apple, Google, Facebook, Amazon, Tencent, Alibaba etc) stand much to gain from Blockchain tech, many have already made their move publicly.

Currently, the leaders in the field in the enterprise tech and consumer finance world is IBM/Microsoft and Visa/Mastercard etc.

There are many "Blockchain Pretenders" changing their ticker name to include "Blockchain"; most of them have not done anything in the area, but their stock price have already popped because of that. I'd say they are great long term short targets.

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19-01-2018, 05:28 PM,
Post: #34
RE: Blockchain
Thanks Wildreamz.

Also read abt the news whereby BOA pip IBM over blockchain patents.

Very interesting news.

Anyway, I'll take some time to read thru' this whole thread.

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19-01-2018, 05:41 PM, (This post was last modified: 19-01-2018, 05:42 PM by Wildreamz.)
Post: #35
RE: Blockchain
@ Holymage Some additional comments to the article you posted. The article argued that Cryptos like Bitcoin and Ethereum are just "proof-of-concept" like the Wright brothers. In a few years time, no one would remember them, or they will be completely irrelevant.

My views differ, and I think that is not a very good comparison. Because Cryptos are softwares and Airplanes are hardwares. You can't go back and change the hardware once it is made, so old design get phased out all the time. Whereas softwares, can constantly be updated, over and over again (like Windows); hence, the comparison here is not entirely accurate. 

Case in point, Ethereum is going to receive a giant Proof-of-Stake update (hardfork) soon, which will greatly address the scalability issues (https://blockonomi.com/ethereum-casper/).

This is actually a very interesting update (an elimination of "Miners" and introduction of "Stakers", and the issuance of annual "Dividends" for stake holders), do take a look.

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19-01-2018, 09:48 PM,
Post: #36
RE: Blockchain
Hello Wildreamz,

While I am no expert in IT... I believe in Erik Townsend who has demonstrated a keen understanding in Distributed Ledger Protocol. He is able to think out of the box (blockchain).

I believe the current 1st generation of crypto (blockchain) architecture is fixated on having miners. I don't think this can be changed easily. Also, even if it can address the scalability issue, ultimately if it relies on the blockchain technology, it will still be inferior against another technology that doesn't use blockchain tech, which could possibly be much faster and cheaper.

Anyhow, time will tell.. I am no DLP expert to make confident technical statements. Let's revisit this thread in 2 years time and see.

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Yesterday, 12:17 AM,
Post: #37
RE: Blockchain
The change to Proof-of-Stake addresses this exact issue, and Miners will no longer be required (refer to the link I posted).





I'm liking this Vitalik Buterin kid a lot (founder of Ethereum at age 19), he is the real deal, a true genius and visionary. If there is a way to invest in him personally, I would do that in a heartbeat. Ethereum has a much brighter future than Bitcoin for sure, ironically because they are not as fragmented (decentralized) as the Bitcoin community, and has a sound leadership in Vitalik.

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