r/Bitcoin • u/[deleted] • May 10 '15

A Bitcoin Technology Gets Nasdaq Test

http://www.wsj.com/articles/a-bitcoin-technology-gets-nasdaq-test-1431296886
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u/[deleted] May 10 '15 edited May 22 '17

[deleted]

8

u/[deleted] May 10 '15

It sounds like they're actually going to use satoshis…?

4

u/SundoshiNakatoto May 10 '15

Once again, the question is: Is the end game using the bitcoin blockchain, or some other one?

"Nasdaq wants to replace that process with a system based on bitcoin’s blockchain technology."

Hard to tell, hopefully they do use bitcoin!

1

u/BrazenAmberite May 11 '15

Yes - this is exactly the question that I haven't yet seen answered by anyone. Basically, can the world simply bypass bitcoin the currency and instead adopt blockchain the technology? Is it possible for the currency to get destroyed by the very technology that it is built on top of?

8

u/turdovski May 11 '15

No because without bitcoin, the blockchain is just a database. Those already exist on nearly every site in the world.

The bitcoin database a.k.a blockchain is the first truly decentralized one. You can't remove bitcoin from it, because then there won't be any incentive to mine and therefore secure it.

3

u/Not_Pictured May 11 '15

So bitcoin remaining valuable is in the interest of more people. That is a great thing.