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: 3193
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 3 days 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 5 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 3 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 3 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 3 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 3 days 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 3 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 3 days 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 4 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
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 3 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 :(
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]
4 months 1 day 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
4 months 1 day 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
FalconWay
Member Since:2018-02-06
Member Type:Basic
GEO:Denver - United States
Interest:Solar
Trust Level:36 = Capitan
Donations: = Magnanimous

Visit My Profile
Friend Me
Private Message Me

[
0
]
[0]
4 months 5 days 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
Wasmachinetjes
Member Since:2018-11-15
Member Type:Basic
GEO:AMSTERDAM - Netherlands
Interest:Kitchen & Bath
Trust Level:11 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me

[
0
]
[0]
4 months 5 days ago

Blockchain is not a scam, but because the value keeps dropping and jumping it's hard to regulate it. It's actually a very safe way of paying for something, but the price of most coins keeps jumping. For example, you could stand in line for a cup of coffee that costs 2 crypto. While you are standing in line, the price could jump to 4 crypto or drop to 0,4 crypto.
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
4 months 5 days ago
Well 1st this question is about the Blockchain technology and not Cryptocurrencies such as BitCoin. The question is does Blockchain really make for anything better? What are the real gains from Blockchain vs the Negatives. So Blockchain is a method for storing data that is not central server based, but it is via duplicating the data among multiple nodes. As such its negatives far out weight its positive. Such as how can we know the Nodes can be trusted and can be held financially culpable!
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
4 months 5 days ago
There is some value to BlockChain, for non critical data sharing such as Porn, Music, etc.. But as others have noted it is absolutely insane to say Blockchain in Banking since then your banking data are under the hand of People (Nodes) whom not Government regulated and could have minimum necessary knowhow etc.
WTS, things like BitCoin are total SCAM or worse they are ultimate Pump and Dump Pyramid schemes, with the real value of BitCoin at even 2 Cents being way too high.
FalconWay
Member Since:2018-02-06
Member Type:Basic
GEO:Denver - United States
Interest:Solar
Trust Level:36 = Capitan
Donations: = Magnanimous

Visit My Profile
Friend Me
Private Message Me
4 months 5 days ago
TD and Manfred009 have said it pretty well as to what a Joke BlockChain is and what a SCAM nothing BitCoin is. But here is a good article about all this with lots of supporting data:

https://medium.com/@kaistinchcombe/decentralized-and-trustless-crypto-paradise-is-actually-a-medieval-hellhole-c1ca122efdec

Characters remaining
abdouu415
Member Since:2018-11-03
Member Type:Basic
GEO:chlef - Algeria
Interest:Advertising
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me

[
0
]
[0]
4 months 2 weeks ago

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!
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
4 months 2 weeks ago
So your answer to a question is to Copy & Paste the bulk of the OP as your answer! How Slimy & SPAMy :(
Whats wrong with you People from Arabic Countries where NEVER ever you are able to post intelligent answers and carry out thoughtful discussions!
Characters remaining
brotherprin
Member Since:2018-10-25
Member Type:Basic
GEO:New York - United States
Interest:Engineering
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me

[
0
]
[0]
4 months 3 weeks ago

In simple words, for now, its a profitable income for a medium class person. As market changes rapidly in it.
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
4 months 3 weeks ago
This is absolute nonsense of an answer. Since block chain has nothing to do with profitability at all. Block chain is a method of storing data which is based on a distributed model rather than a central model. And as others have noted hence it is a really bad idea if security is important to you
Characters remaining
create_abusiness1
Member Since:2012-09-09
Member Type:Basic
GEO:Homewood - United States
Interest:Internet
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me

[
0
]
[0]
5 months 5 days ago

A digital asset. It is more valid than our current fiat system of value. ๐Ÿ˜‰
Reporter
Member Since:2008-05-29
Member Type:Premium
GEO:Washington DC - United States
Interest:Travel
Trust Level:588 = DemiGOD
Donations: = cares

Visit My Profile
Friend Me
Private Message Me
5 months 4 days ago
Let me guess you are a Ron Paul follower or listen to crazys on Fox? Right. Why isn a digital asset having any value at all, compared to so called "fiat system of value"? After all a so called Fiat Currency, such as US Dollar, Euro, etc. are backed by the Full faith and power of the Governments behind them. Whereas a digital asset is backed by no one, but it is just a record on a server somewhere. But this is actually missing the point of this discussion since we are talking Blockchain and
Reporter
Member Since:2008-05-29
Member Type:Premium
GEO:Washington DC - United States
Interest:Travel
Trust Level:588 = DemiGOD
Donations: = cares

Visit My Profile
Friend Me
Private Message Me
5 months 4 days ago
not so called digital assets, such as BitCoin. That is BitCoins underlying technology is Blockchain. And we are talking about whether Blockchains are significantly better or significantly worse than client/server model.
create_abusiness1
Member Since:2012-09-09
Member Type:Basic
GEO:Homewood - United States
Interest:Internet
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 4 days ago
If it(US Dollar) was backed by Gold, i would agree but after Richard Nixon took it off the Gold Standard, it is worth....nothing. Zero, Nada.
Reporter
Member Since:2008-05-29
Member Type:Premium
GEO:Washington DC - United States
Interest:Travel
Trust Level:588 = DemiGOD
Donations: = cares

Visit My Profile
Friend Me
Private Message Me
5 months 4 days ago
OMG! you are one of these Ron Paul crazies :)
1st US Dollar, Euro, Canadian Dollar, etc. are backed by FULL Faith of their respective Governments, which means Power to Tax, power to lay levies on all companies including Gold Mines, etc. etc.
While CryptoCurrency such as BitCoin is utterly worthless since it is backed by no Government or Central Bank but only driven by speculators. But again this discussion is about Blockchain and not Cryptocurrencies. Last but not least: why you think Gold has

Reporter
Member Since:2008-05-29
Member Type:Premium
GEO:Washington DC - United States
Interest:Travel
Trust Level:588 = DemiGOD
Donations: = cares

Visit My Profile
Friend Me
Private Message Me
5 months 4 days ago
any value? After all, we pay for Gold with US Dollar, Euro, Canadian Dollar, etc.. So the value of Gold is based on man printed currencies. Anyway, put down the Ron Paul, Fox News, psychos such as Rush Limbaugh, etc. and join the real World.
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
5 months 3 days ago
Reporter has nailed it, if currencies such as US Dollar, Euro, Canadian Dollar, etc. are Fiat currency as per Ron Paul and Gold Bugs, then Gold is a Fiat currency too, since we pay with these currencies to buy Gold and take it away from a Gold owner. Bang on Job Reporter. This is the best destruction what a BS the Ron Paul and Gold Bugs, narrative about Fiat currencies vs Gold is.
But again as you noted this discussion is about Blockchain so see my comment about this below.
create_abusiness1
Member Since:2012-09-09
Member Type:Basic
GEO:Homewood - United States
Interest:Internet
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 3 days ago
fiat currency- man-made, limited life span. Gold(with other precious metals) not man-made, unlimited life span, used as real currency for centuries. ๐Ÿ˜Š
accuallan
Member Since:2008-04-23
Member Type:Basic
GEO:Isle of Palms - United States
Interest:Language Learning
Trust Level:131 = Scholar
Donations: = Magnanimous

Visit My Profile
Friend Me
Private Message Me
5 months 3 days ago
But we pay with US Dollar, Euro, Canadian Dollar, etc. to buy Gold and take it away from the Gold owner. So this means Gold is a Fiat currency, since again it is priced in so called Fiat currencies of US Dollar, Euro, Canadian Dollar, etc. and we swap these currencies for it. Only a Ron Paul Rush Limbaugh brain washed person, would not be aware of these facts. Moreover, if you think Dollar, Euro, etc. are man Made currencies where Government of these countries are behind them, then BitCoin etc
accuallan
Member Since:2008-04-23
Member Type:Basic
GEO:Isle of Palms - United States
Interest:Language Learning
Trust Level:131 = Scholar
Donations: = Magnanimous

Visit My Profile
Friend Me
Private Message Me
5 months 3 days ago
Blockchanin based currencies are absolute total Junk, since they are even less than man made and in case of BitCoin it is made by an Anonymous man of Satoshi Son. So these chain of facts, Pun intended, are absolute proof of what idiots Ron Paul Rush Limbaugh etc Republican Gold Nuts are and what a junk and joke Crypto Currencies are. Since beside above facts anyone can run the underlying Blockchain code of BitCoin and make their own Crypto Coin, such as DickCoin, JaneCoin, BozoCoin, etc.
create_abusiness1
Member Since:2012-09-09
Member Type:Basic
GEO:Homewood - United States
Interest:Internet
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 3 days ago
That is a good suggestion, why don't you do that so you can become wealthy and not have to post comments on Anoox.
accuallan
Member Since:2008-04-23
Member Type:Basic
GEO:Isle of Palms - United States
Interest:Language Learning
Trust Level:131 = Scholar
Donations: = Magnanimous

Visit My Profile
Friend Me
Private Message Me
5 months 3 days ago
Well this is not a suggestion, but facts: that it is a Fact that we price Gold in Government backed currencies of US Dollar, Euro, Canadian Dollar, etc. and we pay for Gold and take the Gold an put it into our pocket with these currencies. And so are facts other points I made. As to your point: by posting comments here on Anoox we become truly richer because Anoox as only non-profit search engine & social net empowers us to get the Truth out, which is the real wealth of a Nation/People.
create_abusiness1
Member Since:2012-09-09
Member Type:Basic
GEO:Homewood - United States
Interest:Internet
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 3 days ago
Maybe this can.....Possibly....help...inform you! Read this: https://cointelegraph.com/news/pantera-capital-exec-cryptocurrency-market-prices-could-increase-tenfold-by-2020?utm_source=newsletter1&utm_medium=email
create_abusiness1
Member Since:2012-09-09
Member Type:Basic
GEO:Homewood - United States
Interest:Internet
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 3 days ago
Nay! I doubt it. https://cointelegraph.com/news/coinbase-launches-trading-for-first-erc-20-token-on-platform?utm_source=newsletter1&utm_medium=email
create_abusiness1
Member Since:2012-09-09
Member Type:Basic
GEO:Homewood - United States
Interest:Internet
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 3 days ago
The dollar was chosen to become the monetary unit for the USA in 1785. The Coinage Act of 1792 helped put together an organised monetary system that introduced coinage in gold, silver, and copper. Paper notes or greenbacks were introduced into the system in 1861 to help finance the Civil War.
accuallan
Member Since:2008-04-23
Member Type:Basic
GEO:Isle of Palms - United States
Interest:Language Learning
Trust Level:131 = Scholar
Donations: = Magnanimous

Visit My Profile
Friend Me
Private Message Me
5 months 2 days ago
And? What next you are going to say George Washington was 1st president of USA and Abrahm Lincolns was president during Civil War :) Tell us something we dot know. Or at least face the fact that you have been Mind screwed by right-wing Media from Fox to Rush etc. that US Dollar is Fiat currency and buy Gold, when the facts are we pay for Gold in US Dollars, Euro, etc.. And the bosses of Fox to Rush etc. crave every Dollar/Euro they can get and want you to have as little as it.
create_abusiness1
Member Since:2012-09-09
Member Type:Basic
GEO:Homewood - United States
Interest:Internet
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 2 days ago
Right, you pay for gold in dollars, not the other way around. That should tell you something. Gold has the value, the dollar does not. Just like Bitcoin is at $6,300 and the US dollar is cheaper than the Euro.
accuallan
Member Since:2008-04-23
Member Type:Basic
GEO:Isle of Palms - United States
Interest:Language Learning
Trust Level:131 = Scholar
Donations: = Magnanimous

Visit My Profile
Friend Me
Private Message Me
5 months 2 days ago
"you pay for gold in dollars, not the other way around"! What the f***k does that mean? You Ron Paul Rush listeners have really been made brain dead! Of course you pay for Dollar in Gold! You know all the places that you sell your Gold to! And Yes US Dollar is cheaper than Euro, because:
1- Europeans are not suffering fro right-wing Media and Republican lunatics
2- Europeans do not waste their Money on War after War after War

Read:
http://www.realnewspost.org/sa.php?a=62683
create_abusiness1
Member Since:2012-09-09
Member Type:Basic
GEO:Homewood - United States
Interest:Internet
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 1 day ago
Nope! Because the USA...is...bankrupt. That's why!!
Reporter
Member Since:2008-05-29
Member Type:Premium
GEO:Washington DC - United States
Interest:Travel
Trust Level:588 = DemiGOD
Donations: = cares

Visit My Profile
Friend Me
Private Message Me
5 months 1 day ago
Really, if USA is bankrupt, then why is Wall Street hitting record high after record high, since election of Sociopath Trump?
Why is USA giving 10s of Billions to Israel in free Money under Obama_Trump?
Why is USA giving 200 Billion in Free Military to Richer European Union? And 10s of Billions in Free Military to Rich Japan, South Korea, etc.?
So you need to ask yourself why is USA Bankrupt and Europe whose currency is more valuable than USA not?
It is because Europeans have many socialized
Reporter
Member Since:2008-05-29
Member Type:Premium
GEO:Washington DC - United States
Interest:Travel
Trust Level:588 = DemiGOD
Donations: = cares

Visit My Profile
Friend Me
Private Message Me
5 months 1 day ago
services, from Universal socialized healthcare, to socialized college education, etc. which means Europeans get these essential services FREE for Taxes they pay, while these same essential services cost an American family of 4 $1-Million+ over their life time.
So 1st, USA is not bankrupt, as per 100s of Billions in Free Military we give to Richer Europeans! 2nd, this discussion is about BlockChain technology and whether it is Real or a waste of time money SCAM, etc.
create_abusiness1
Member Since:2012-09-09
Member Type:Basic
GEO:Homewood - United States
Interest:Internet
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 1 day ago
Credit card living(borrowing to live a lifestyle above your means). Pretty soon, the obligatory debt payments will be greater than the revenue collected, then everyone(including you)...will see it.

I am sure, long ago, there were some(close-minded people) who said that..only commodities(corn,wheat, etc) are needed and this..so-called investing in stocks(IBM,Standard Oil, etc.) was a..waste of time, scam and that it would...end in destruction and loss of income. But, look at it now!
create_abusiness1
Member Since:2012-09-09
Member Type:Basic
GEO:Homewood - United States
Interest:Internet
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 1 day ago
Think of all the cryptocurrency as the new stock market.
WirSind
Member Since:2012-07-03
Member Type:Basic
GEO:Hamburg - Germany
Interest:Music
Trust Level:228 = Leader
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 1 day ago
Yes, you need to ask yourself what are we Europeans doing different than you in USA, that has resulted in our currency being MORE valuable than US Dollar, even though Euro is a highly flawed currency since it is a currency with a political Union behind it but no Monetary Union behind that, that is no ability to Tax as a Union to pay off our Debts, as US can. So what still makes our Euro more valuable than US$ is that we do not waste our Money on War after War as you do under GOP or Democrats.
WirSind
Member Since:2012-07-03
Member Type:Basic
GEO:Hamburg - Germany
Interest:Music
Trust Level:228 = Leader
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 1 day ago
And as Reporter has noted, also because we run key services for making the People safe and richer on Socialized basis, that is Healthcare, Education, Police, etc.. You just run Police on Socialized basis! Now as for Blockchain, it seems like just the latest Fad & Buzzword, from which will come couple of guys in tight pants doing an IPO with the Main street investors getting ripped off while Wall Street guys will dump these stocks on Main street as the scam becomes clear to all.
create_abusiness1
Member Since:2012-09-09
Member Type:Basic
GEO:Homewood - United States
Interest:Internet
Trust Level:3 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 1 day ago
Hah, they need the masses to think this way(Just the latest Fad) so that you will miss the opportunity and say(after the fact), Why did i not take advantage of this, or i should have done this or that. Just think of the people who miss out when there was an opportunity to invest in MicrSoft, Apple, Netflix...even the internet. Sorry, but i am not one of them...Good luck to all of the...watchers!
Characters remaining
bernaboom
Member Since:2009-04-03
Member Type:Basic
GEO:Hamburg - Germany
Interest:Currency Trading
Trust Level:13 = NewBee
Donations: = Magnanimous

Visit My Profile
Friend Me
Private Message Me

[
1
]
[0]
5 months 6 days ago

In January, a report from Accenture claimed blockchain technology could reduce infrastructure costs for eight of the world's 10 largest investment banks by an average of 30%, "translating to $8 billion to $12 billion in annual cost savings for those banks.

Here:
https://www.accenture.com/us-en/insight-banking-on-blockchain

So Ya, blockchain is of a real value.
Reporter
Member Since:2008-05-29
Member Type:Premium
GEO:Washington DC - United States
Interest:Travel
Trust Level:588 = DemiGOD
Donations: = cares

Visit My Profile
Friend Me
Private Message Me
5 months 6 days ago
bb, just because one guy at one firm has written positive about something, does not make that something True. To be exact the reason that blockchain is a new Buzzword without much validity to all that it is supposed to do is that some Wall Street firms, for their various reasons, have Hyped this into the new Buzzword. But here at Anoox we search for the Truth by cutting through the Bull S***t behind XYZ and when you look at the facts behind blockchain it is at best a horrible idea.
bernaboom
Member Since:2009-04-03
Member Type:Basic
GEO:Hamburg - Germany
Interest:Currency Trading
Trust Level:13 = NewBee
Donations: = Magnanimous

Visit My Profile
Friend Me
Private Message Me
5 months 5 days ago
Sometimes you can profit from Bull S***. Have you thought about that :0 Look at Trump. He is the King of Bull S***, yet without holding any Office he became the President. So Bull S***t can be very profitable and rewarding :)
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
5 months 3 days ago
bernaboom, although you are right about Trump becoming President based on Bull S***t and that shows the power of Bull S***, we are talking about the value of Blockchain technology, whether it is real or Bull S***t - mainly. And just because BS can get you great wealth and power as in case of Trump, etc.. that is by no means justification for us to accept BS as an answer for anything, specially a supposed new revolutionary tech which is Blockchain supposed to be which is not ass noted.
Characters remaining
Reporter
Member Since:2008-05-29
Member Type:Premium
GEO:Washington DC - United States
Interest:Travel
Trust Level:588 = DemiGOD
Donations: = cares

Visit My Profile
Friend Me
Private Message Me

[
50
]
[11]
5 months 1 week ago

A chain is as strong as its weakest link. So when you spread a database among many Nodes, when these Nodes are obviously much weaker than say a Bank that has to go through Federal checks, then your Chain is going to have many weaker links. After all, the key reason behind blockchain that it protects you against unauthorized INSERT and DELETE, due to many Copies, but that does not protect you from COPY which is what Hackers want whether it is your Credit Card number, your email, etc..
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
5 months 1 week ago
Reporter, this is actually the most lucid argument against or about Blockchain. That is as you noted Blockchain so called technology, gives you Zero protection from your data being Copied, which is of course what most hackers want, whether it is stealing your Credit Card info, your email, etc.. So bang on Money Man.
verichip
Member Since:2009-05-16
Member Type:Basic
GEO:Toronto - Canada
Interest:Banking
Trust Level:45 = Capitan
Donations: = cares

Visit My Profile
Friend Me
Private Message Me
5 months 6 days ago
I agree with Reporter. Distrusted Database, ala Blockchain, makes data far more insecure overall. And why would you want to do that!
After all, if a Bank looses your data, aka where your Data is stored on a client/server based model in a central DB, then the bank is legally obligated to make you whole. Moreover you could Sue the Bank and its parent companies for any data breach. OTOH, in case of Blockchain the Nodes have no legal duty to make you whole and you have little to no one to sue.
bernaboom
Member Since:2009-04-03
Member Type:Basic
GEO:Hamburg - Germany
Interest:Currency Trading
Trust Level:13 = NewBee
Donations: = Magnanimous

Visit My Profile
Friend Me
Private Message Me
5 months 6 days ago
blockchain technology is AI and Machine Learning to make blockchain technology to be highly secure. If you do not understand these key new technologies, then you not gonna understand the incredible value of blockchain.
Webtizing
Member Since:2012-10-18
Member Type:Premium
GEO:Albany - United States
Interest:Weight Loss
Trust Level:5 = NewBee
Donations:

Visit My Profile
Friend Me
Private Message Me
5 months 3 days ago
Blockchain brings the cost of transactions down to pennies vs the dollars it cost for bank transactions. The blockchain is also faster and private.
accuallan
Member Since:2008-04-23
Member Type:Basic
GEO:Isle of Palms - United States
Interest:Language Learning
Trust Level:131 = Scholar
Donations: = Magnanimous

Visit My Profile
Friend Me
Private Message Me
5 months 3 days ago
This is absolute Non-sense that:
"Blockchain brings the cost of transactions down to pennies vs the dollars it cost for bank transactions.."
Why would it cost the Banks Dollars for transactions?
If Banks are charging Dollars for a transaction, it is only because they feel they have no real competition. Since any digital transaction, whether via a Distributed DB, aka BlockChain, or Server based DB, costs nothing.
Characters remaining
countdown
Member Since:2014-08-09
Member Type:Basic
GEO:Main - United States
Interest:Environment
Trust Level:56 = Coach
Donations:

Visit My Profile
Friend Me
Private Message Me

[
3
]
[0]
5 months 1 week ago

There is as much Truth to blockchain, as much real to blockchain, as there was/is to flying Cars being parked in everyone's garage by now or self driving cars actually driving us around. Which means mainly Hype an buzzword.
Reporter
Member Since:2008-05-29
Member Type:Premium
GEO:Washington DC - United States
Interest:Travel
Trust Level:588 = DemiGOD
Donations: = cares

Visit My Profile
Friend Me
Private Message Me
5 months 1 week ago
Good one. But driving cars are just around the Corner :)
Characters remaining
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

[
21
]
[1]
5 months 1 week ago

BitCoin, blockchain are just the latest buzzword scams. In fact blockchain became a fad as value of BitCoin took off, since it is the underlying tech under BitCoin. Well Sort of. Even that is not really True. Anyway, as BitCoin will crash to less than 1 Cent, so will go blockchain down the toilet that it belongs too. And actually you have made some excellent examples of why blockchain is a bad chain. That is how do we know who the Nodes in a blockchain are and that they know how to run a secure server and/or will not just steal our Credit Card and Banking info themselves? So blockchain is just another joke on US ๐Ÿ˜ก
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
5 months 1 week ago
That is true. But most people do not realize there are many BitCoin based security measures that are not part of blockchain at all. So when people use BitCoin as example of a security that blockchain offers, setting aside as you noted BitCoin as a currency is really worthless since no Central Bank will accept it, etc.., is the fact that BitCoin has many Security measures built on top of the blockchain DB of it that are not part of blockchain at all. So Kudos 2U on that point.
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