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It is ludicrous to assert that Bitcoin protects users against "turmoil". Bitcoin is extremely tumultuous. Still waiting to hear that compelling use case.

52-6F-62 9y ago
I'm not as technically versed in this stuff as it appears many people are here, but the use case for blockchain tech (not necessarily Bitcoin, though not necessarily excluding Bitcoin) may include, but not necessarily be limited to, currency. If I had more time I could elucidate on specific use cases, but I'll list some existing attempts. For example: * The recent foundation of the EEA[1] for the express purpose of developing with the existing public Ethereum chain and the development of other technologies that utilize both the public and private chains. * Toyota experimenting with Oaken Innovations[2] utilizing blockchian tech (not mentioned is that this would involve an Ethereum blockchain[3]. * Maybe less notably, Kik recently adopted the Ethereum public blockchain as the foundation for their own internal token "Kin". The results of that experiment are yet to be seen.[4] * Two of Canada's largest banks (TD, and RBC) have partnered with IBM on a project to experiment with using blockchain tech in a new identification system.[5] There's likely more. I find it fascinating. But I guess my point being that for better or for worse there are most definitely use cases being tested, especially outside the use as a direct currency using currently established blockchain networks, no less. [1] https://entethalliance.org/ https://entethalliance.org/ [2] http://business.financialpost.com/news/transportation/toyota-exploring-blockchain-for-driverless-cars-partnering-with-firms-including-torontos-oaken-innovations http://business.financialpost.com/news/transportation/toyota... [3] https://www.bloomberg.com/news/articles/2017-05-22/toyota-merck-join-ethereum-group-to-build-blockchain-network https://www.bloomberg.com/news/articles/2017-05-22/toyota-me... [4] http://www.cnbc.com/2017/05/25/kik-launches-ethereum-blockchain-cryptocurrency-kin-token.html http://www.cnbc.com/2017/05/25/kik-launches-ethereum-blockch... [5] http://business.financialpost.com/news/fp-street/canadas-big-banks-testing-toronto-based-digital-identity-network-powered-by-blockchain http://business.financialpost.com/news/fp-street/canadas-big...

52-6F-62 9y ago

I'm not as technically versed in this stuff as it appears many people are here, but the use case for blockchain tech (not necessarily Bitcoin, though not necessarily excluding Bitcoin) may include, but not necessarily be limited to, currency. If I had more time I could elucidate on specific use cases, but I'll list some existing attempts. For example: * The recent foundation of the EEA[1] for the express purpose of developing with the existing public Ethereum chain and the development of other technologies that utilize both the public and private chains. * Toyota experimenting with Oaken Innovations[2] utilizing blockchian tech (not mentioned is that this would involve an Ethereum blockchain[3]. * Maybe less notably, Kik recently adopted the Ethereum public blockchain as the foundation for their own internal token "Kin". The results of that experiment are yet to be seen.[4] * Two of Canada's largest banks (TD, and RBC) have partnered with IBM on a project to experiment with using blockchain tech in a new identification system.[5] There's likely more. I find it fascinating. But I guess my point being that for better or for worse there are most definitely use cases being tested, especially outside the use as a direct currency using currently established blockchain networks, no less. [1] https://entethalliance.org/ https://entethalliance.org/ [2] http://business.financialpost.com/news/transportation/toyota-exploring-blockchain-for-driverless-cars-partnering-with-firms-including-torontos-oaken-innovations http://business.financialpost.com/news/transportation/toyota... [3] https://www.bloomberg.com/news/articles/2017-05-22/toyota-merck-join-ethereum-group-to-build-blockchain-network https://www.bloomberg.com/news/articles/2017-05-22/toyota-me... [4] http://www.cnbc.com/2017/05/25/kik-launches-ethereum-blockchain-cryptocurrency-kin-token.html http://www.cnbc.com/2017/05/25/kik-launches-ethereum-blockch... [5] http://business.financialpost.com/news/fp-street/canadas-big-banks-testing-toronto-based-digital-identity-network-powered-by-blockchain http://business.financialpost.com/news/fp-street/canadas-big...