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Question - Topic: Internet
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Brian_Peters
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Posted On: 2018-10-13 16:55:54
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Is blockchain real value or another buzzword scam?


It seems now a days we hear about the word blockchain left and right. As the cure to many things. With key argument behind blockchain being that:
"since it is a distributed database, among Millions of Nodes, rather than a centralized database in the hand of a Bank for example, that that makes it safer from being hacked since if one copy is hacked that does not matter since many other copies of it exist which have not so the unhacked copies will render the hack moot..." WHAT! For example a hacker would want your Credit Card information, and whether 1 Million other copies of the Blockchain DB are not hacked, the 1 copy that was hacked, puts your Credit Card info and any other private info in the hand of the bad guys. And how do we know that nodes in the blockchain are not Dictators, Mass murderess, etc.? that is who is regulating these nodes!
So given these facts dont you agree blockchain is another buzzword scam? Or what you think?

Answers & Comments: 58
newlandnegoce
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1 week 6 days ago

The Blockchain is for me the new method of universal payment, it is true that there is still a lot to do for its stability, but in the long run, it will be the most used payment method.
Brian_Peters
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1 week 11 hours ago
Why is Blockchain for you the "new method of universal payment"?
Or are you used to making bold statement without any fact to back them up.
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Brian_Peters
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3 weeks 3 days ago

Well thanks for all the answers you all. Specially those from the people in tech community.
Knutsen
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3 weeks 1 day ago
Thank you for posting this discussion to inform the Public about what much a do about nothing blockchain is. That it is just the latest buzzword by SCAM artists or VCs looking to pump and dump the next junk stock on the unsuspecting public. It is astonishing that the prime reason the blockchain pumpers been giving for this "Oh Amazing" technology is that it is more securer because it is a distributed DB, but as well outlined here a distributed DB is far more unsecure, specially for Copying!
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baghzaf
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1 month 6 days ago

While the value of the main cryptocurrencies fluctuates, โ€œblockchainโ€ remains a ... โ€œI don't think there are any โ€œreal-worldโ€ applications that can only be ... Certification and verification is another field where blockchains could ... will allow employers to automatically detect CV fraud by their applicants right
RealTime
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1 month 5 days ago
What the HEK are you talking about!
Seems like you are just posting messages to earn Anoox points rather than actually sharing any real information. Not cool man :(
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Regal
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2 months 3 days ago

My Hat off to Anoox for exposing the BlockChain BitCoin SCAM or Super Bull S***t like no one else. That is when CNBC and other arms of Wall Street based Media from hyping BlockChain as some sort of amazing new technology and BitCoin set to go to $10000 here at Anoox we could get the Facts and the Truth that 1st BlockChain is anything but a revolutionary technology and absolutely horrible idea for anything secure such as Banking and that BitCoin is ultimate junk if not SCAM because it is not a currency at all and that it will collapse which are exactly what as happened. Really my Hat off to Anoox as being the source of real Facts and Truth, from Politics to Finance, etc. ๐Ÿ‘ฎ
Manfred009
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2 months 3 days ago
You know a while ago I went to bunch of Meetups here in Berlin area where they were touting the revolutionary BlockChain BitCoin and how they were going to revolutionize Banking and Commerce, and the more I listened to them the more I found both of them to be of no such and really worthless on so many levels. But I could not quite formulate the reasons why this was so, until I saw this discussion on Anoox that clearly states why they are both either garbage or nothing special. Danke :)
Brian_Peters
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1 month 3 weeks ago
Yes, thanks to Anoox I sold all my BitCoins when it hit $10,000 and got all into Cash instead. Thank you Anoox for saving me like 60% as of today with BitCoin being at $4K. And thanks to Anoox I see now that BitCoin even at 5Cents to US Dollar is a Bubble.
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FalconWay
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2 months 1 week ago

Here is another good article as to what a Bad idea BlockChain is. I should say for more real world cases, since BlockChain maybe good for Drug Dealersand and those sort of people who want to stay anonymous and Trust and Accountability are not important to end users:

https://www.theverge.com/2018/3/7/17091766/blockchain-bitcoin-ethereum-cryptocurrency-meaning



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