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No More Hype: Time To Separate Crypto from Blockchain Technology

By Forbes

The 101 for anyone still confusing Bitcoin with blockchainRead full story

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  • This article is spot on, but let’s take it one step further: Imagine I have a $50 bill, a stock certificate for one share of Twenty-First Century Fox (closed at $47.93 today), and $50 worth of arcade tokens.

    Each is an instrument that is valued at or around $50. Yet there are massive differences in

    This article is spot on, but let’s take it one step further: Imagine I have a $50 bill, a stock certificate for one share of Twenty-First Century Fox (closed at $47.93 today), and $50 worth of arcade tokens.

    Each is an instrument that is valued at or around $50. Yet there are massive differences in how and where the instruments can be transacted, and only one of them is likely to work if I try to buy $50 worth of groceries. But if I hold on to all of them for five years, the purchasing power of the $50 bill will likely have deflated by perhaps 10%; the stock certificate will likely have appreciated, perhaps by a lot; and the arcade tokens will almost certainly be worthless.

    Each of the three examples can apply to the world of blockchain-powered tokens as well. Cryptocurrencies, security tokens, and utility tokens each incorporate blockchain, but they are just as different as the examples cited above.

    Blockchain sits at the intersection of economic theory and cryptography—not the most accessible topics in the world. Understanding and adoption are going to take a while.

  • Been saying this since the beginning! Price goes up, price goes down, but it doesn’t discount all of the technical work that is being done. I see more excitement from developers in this bear market, than I did in the heights of January 2018. Protocol upgrades are in the works, dApps gain more users every

    Been saying this since the beginning! Price goes up, price goes down, but it doesn’t discount all of the technical work that is being done. I see more excitement from developers in this bear market, than I did in the heights of January 2018. Protocol upgrades are in the works, dApps gain more users every day, and the general public is beginning to understand the benefits of decentralized systems.

  • This is absolutely true. SocialFlow looked at the number of pieces written about blockchain and their reach during and after the huge Bitcoin run up —not surprisingly, Bitcoin beat the pants off blockchain-related stories. Once Bitcoin came back to earth, the two almost mirrored one another and it seemed

    This is absolutely true. SocialFlow looked at the number of pieces written about blockchain and their reach during and after the huge Bitcoin run up —not surprisingly, Bitcoin beat the pants off blockchain-related stories. Once Bitcoin came back to earth, the two almost mirrored one another and it seemed, for the first time, that investors and the general public saw virtue in the underlying blockchain technology. It’s more important than the currency as its future uses and time and security saving measures will show.

  • Great to see this message finally getting mainstream media play. Progress!

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