Response to Critics That Say The Blockchain Has No Value
UPDATE: In this article we used a picture from blockchain.info which has been deleted! The company Blockchain and its products have nothing to do with what the author writes in this article! However it might caused confusion as we included their picture before. We are sorry for this misunderstanding! Bitcoin critics often make the clame that “crypto-based technology has nothing to contribute to the everyday world.” It seems like demonizing digital currency is a zealous fetish of theirs, while blatantly ignoring the breakthroughs already made and the potential that the blockchain technology....
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Bitcoin has its share of critics and skeptics, and opposition to the emerging technology - especially among the intelligentsia - shows no sign of abating. Notable commentators on the topic range from author Jeffrey Robinson to finance blogger Karl Denninger, Boston University professor Mark Williams, rabid Keynesian Paul Krugman, Austrian economist Gary North and FT Alphaville's Izabella Kaminska. Generously, I'm assuming that the pundits listed above have a thorough and accurate understanding of the bitcoin protocol that facilitates its native token's dual role of currency and commodity.....
A pair of high-ranking officials in El Salvador’s ruling party, Nuevas Ideas, took aim at critics who stand in opposition to the country’s forthcoming Bitcoin legal tender law on Tuesday.
Charles Hoskinson, the founder of Cardano, has recently found himself the target of Twitter critics as year-old tweets that highlighted projections for the network’s adoption are failing to match community expectations. Slower Rollouts and Sluggish Adoption Spotlighted by Critics Cardano, the fifth-largest cryptocurrency by market capitalization and self-titled third-generation blockchain initiative, has no shortage of followers and evangelists that believe in its very scientific approach to developing blockchain technology. Yet, the network faces no shortage of detractors either,....
The crypto economy has gained a massive amount of value during the last few days, as the aggregate market cap of all 7,500+ digital assets is a whopping $640 billion on Thursday. Meanwhile, the largest blockchain in terms of valuation, bitcoin has touched an all-time high of $23,777 rising more than 22% in 24 hours. Digital currency markets are doing extremely well this week, as a great number of coins have seen significant gains during the last three days. At $640 billion, the aggregate market cap of all the crypto assets in existence is up over 15% on Thursday. Bitcoin (BTC) recently....
In a recent blog, “When is a blockchain not a blockchain” R3 noted that its Corda product is a distributed ledger and not a blockchain, and that it was never stated as such. The blog was in response to public comments claiming that R3 has only recently recognized that blockchain technology will not address wholesale financial industry needs. The blog noted R3 is flattered by the attention Corda has recently received after sources noted that the words “No block chain’ because we don’t need one” was used in an R3 presentation. The blog said R3 has from the beginning referred to Corda as a....