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Tuesday, October 17, 2017

Bitcoin fanatics: Dumbest thing on wall street.

Bitcoin fanatics really don't know what they're saying.

They try to use the Wi-Fi analogy to say that Bitcoin is as useful as Wi-Fi but Bitcoin is not Wi-Fi.  Wi-Fi is a technology but bitcoin is a derivative of a technology.  The technology behind Bitcoin is Blockchain, an open digital ledger.

One of the derivatives of Wi-Fi is wireless files transfer.  Therefore, Bitcoin is just like a wireless files transfer if we want to make a compatible comparison.  We use wifi everyday but not wireless files transfer.  Therefore, bitcoin is not as important and useful as what the fanatics portend it to be.  It is the blockchain technology that we're interested in, not bitcoin.

Anyway, Wi-Fi is already outdated because there is Li-Fi now.

It's time for the fanatics to wake up from their dreams.

1 comment:

Eric Ho said...

What are other derivatives of blockchain technology?

Blockchain can be used to document contracts, track shipments and data management.

For data management, different data sets can be made available for different groups of users.