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Originally Posted by afc wimbledon
well if we were talking about how blockchain might revolutionise the shipping industry I would agree, but we aren't, we are talking about how much money you can make off Bitcoin, that's this whole conversation, and again I will repeat myself, there is no connection between the value of Bitcoin and the potential efficacy of blockchain anymore than there is no connection between the value of Studebaker or Ford as a car compony and how useful cars are and no one in their right mind is buying Bitcoin in order to support blockchain technology, they are buying it as an investment.
I would also ask you something that has bugged me some, does every application of blockchain require vast numbers of computers to function?
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This is a bit loaded - no one is buying Bitcoin for its potential efficacy but people sure as hell are buying alternative coins due to the speculation that they will be the dominant technology for certain applications going forward. People are betting on alternative coins because they think as they are adopted by large organizations who are utilizing the assets that they will appreciate in value.
A perfect example was one crypto asset I was excited about in 2017 - IOTA. IOTA is a cryptocurrency designed to operate as the backbone of the Internet of Things economy. IOTA was designed to offer a solution to this problem by creating a fee-free cryptocurrency that can operate on all devices that produce data.
This asset was scalable and was fee less. This kind of goes down the rapid hole on crypto but it doesn't really use a blockchain but uses an alternative - a tangle. Again, this technology is tied to the Internet of Things and if that takes off so will IOTA as IOTA can be used to facilitate data between devices (ie. how long a particular light is on or how often AC is used) and then can be sold as data to corporations.
So is that a particular good investment? It can absolutely be because IOTA is finite - there is only 2,779,530,283,277,761 tokens that will be appreciating in value as they are needed.