Social Search Network - Connect, Share, Discuss, Grow
The non-profit collective search engine & social network Est 2004
Ad: SEO | SERVICES | STLOUIS | WEB DESIGN | WebTe
St Louis SEO Company offering affordable website design St Louis & the best St Louis SEO among St Lo

Error:
Question - Topic: Internet
GEO: World Wide
Brian_Peters
Member Since:2014-08-27
Member Type:Basic
GEO:Mount Pleasant - United States
Interest:Games
Trust Level:60 = Coach
Donations:

Visit My Profile
Friend Me
Private Message Me
[
4
]
[0]
Posted On: 2018-10-13 16:55:54
Viewed: 3109
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: 65
GurdMuller
Member Since:2013-12-06
Member Type:Basic
GEO:Berlin - Germany
Interest:Health
Trust Level:132 = Scholar
Donations:

Visit My Profile
Friend Me
Private Message Me

[
12
]
[2]
3 weeks 8 hours ago

blockchain which is basically a distributed database is an OK idea for non-essential sharing, such as Music, etc.. But for Banking purposes it is as secure as handing your Money to people that you do not know and more importantly cannot hold accountable, aka Sue, if your Money is all stolen or corrupted.
newlandnegoce
Member Since:2019-01-08
Member Type:Basic
GEO:Silver Spring - United States
Interest:Hair & Make Up
Trust Level:11 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me

[
0
]
[0]
2 months 1 week 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. That is what I have been told by CNBC and online Blogs.
Brian_Peters
Member Since:2014-08-27
Member Type:Basic
GEO:Mount Pleasant - United States
Interest:Games
Trust Level:60 = Coach
Donations:

Visit My Profile
Friend Me
Private Message Me
2 months 2 days 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.
almac
Member Since:2019-01-26
Member Type:Basic
GEO:Grantville - United States
Interest:Marketing
Trust Level:10 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
1 month 3 weeks ago
I for one do believe it will be as it is so far more secure than any other online payment systems. And I read this on WSJ. And what can be a higher source of Auth on investing than WSJ. No?
Brian_Peters
Member Since:2014-08-27
Member Type:Basic
GEO:Mount Pleasant - United States
Interest:Games
Trust Level:60 = Coach
Donations:

Visit My Profile
Friend Me
Private Message Me
1 month 2 weeks ago
Based on what facts are you making the statement that:
"it is so far more secure than any other online payment systems."
when the facts as the OP points out, it is far more Un-secure, since a Chain is only as valuable and secure as its weakest link, and of course most if not all of the links in the BlockChain in no way have been wetted out as being Secure or able to maintain a DB securely, set aside that they could very well be Criminal gangs, etc. Bad guys.
almac
Member Since:2019-01-26
Member Type:Basic
GEO:Grantville - United States
Interest:Marketing
Trust Level:10 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
1 month 2 weeks ago
With the ones that i have dealt with i found no problems with payments or conversion from cash to bitcoin or bitcoin to cash.
ThinkDeep
Member Since:2008-02-16
Member Type:Premium
GEO:Washington DC - United States
Interest:Politics World
Trust Level:362 = DemiGOD
Donations: = Chivalrous

Visit My Profile
Friend Me
Private Message Me
1 month 2 weeks ago
But that does not mean facts. As OP has stated, it is FAR more that a BlockChain DB can be hacked, in particular its data stolen, such as your Credit Card information, than a Server based Bank central authority based ledger. Moreover, if your Data is breached of a BlockChain DB you have NO ONE to Sue, to hold accountable, whereas with a Bank well you Sue the Bank and hold the Gov Authority behind them accountable as they already stand behind your funds via Federal Deposit Guarantee.
GurdMuller
Member Since:2013-12-06
Member Type:Basic
GEO:Berlin - Germany
Interest:Health
Trust Level:132 = Scholar
Donations:

Visit My Profile
Friend Me
Private Message Me
3 weeks 8 hours ago
It is total BS to say that: "new method of universal payment", since as I noted above you have NO idea who are the Nodes on a BlockChain and NO way of Suing them if your Money is stolen, etc. corruption.
Characters remaining
Brian_Peters
Member Since:2014-08-27
Member Type:Basic
GEO:Mount Pleasant - United States
Interest:Games
Trust Level:60 = Coach
Donations:

Visit My Profile
Friend Me
Private Message Me

[
4
]
[0]
2 months 2 weeks ago

Well thanks for all the answers you all. Specially those from the people in tech community. Really amazing the difference in know how between People who get their info from a People powered source of Anoox social network & news and Wall Street based sources. Keep up the good work Guys :)
Knutsen
Member Since:2013-02-21
Member Type:Basic
GEO:Oslow - Norway
Interest:Economy
Trust Level:311 = DemiGOD
Donations: = cares

Visit My Profile
Friend Me
Private Message Me
2 months 2 weeks ago
blockchain 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!
GurdMuller
Member Since:2013-12-06
Member Type:Basic
GEO:Berlin - Germany
Interest:Health
Trust Level:132 = Scholar
Donations:

Visit My Profile
Friend Me
Private Message Me
3 weeks 8 hours ago
Yes, BP. Many people get their info from same echo Chamber so they fail to get the whole fact as we can here on Anoox since as a non-profit social network & news site it has no agenda or biases.
Characters remaining
baghzaf
Member Since:2015-07-30
Member Type:Basic
GEO:MEKNES - Morocco
Interest:Advertising
Trust Level:23 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me

[
2
]
[0]
3 months 1 day 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
Member Since:2010-06-07
Member Type:Basic
GEO:Miami - United States
Interest:Media
Trust Level:271 = DemiGOD
Donations:

Visit My Profile
Friend Me
Private Message Me
3 months 15 hours 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 :(
Characters remaining
Regal
Member Since:2008-02-14
Member Type:Basic
GEO:Oakland - United States
Interest:Advertising
Trust Level:188 = Master
Donations: = Generous

Visit My Profile
Friend Me
Private Message Me

[
15
]
[3]
3 months 4 weeks ago

My Hat off to Anoox for exposing the BlockChain BitCoin 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
Member Since:2009-04-17
Member Type:Basic
GEO:Berlin - Germany
Interest:Books | Authors
Trust Level:136 = Scholar
Donations: = cares

Visit My Profile
Friend Me
Private Message Me
3 months 4 weeks 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
Member Since:2014-08-27
Member Type:Basic
GEO:Mount Pleasant - United States
Interest:Games
Trust Level:60 = Coach
Donations:

Visit My Profile
Friend Me
Private Message Me
3 months 2 weeks ago
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.
Characters remaining



Change Topic



Advertising
All Anoox free services are Advertising supported. Please support our Advertisers by visiting their Site and supporting them.
Ad: SEO | SERVICES | STLOUIS
St Louis SEO Company offering
affordable website design St
Louis & the best St Louis SEO
among St Lo