If 2013 was the year of "the other 6 billion", 2014 is the year of "blockchain technology". This hysteria, culminating with the Wall St Journal's latest piece which goes so far as to just drop the name Bitcoin altogether in favour of Blockchain1, is yet another attempt to do the impossible – stop Bitcoin.
In 2013, various governments of the world sent their puppets and their media mouthpieces forward in an attempt to kill Bitcoin. Many shills ate up the quotes and wrote about how Bitcoin was a ponzi scheme, that it was only used for drugs and that it was now dead
Now, they have a new plan, one which aims to convince the world that Bitcoin can be compartmentalised as if it were nothing more than an estate sale in which governments and their lackeys pick over the best parts while the junk is tossed. You might be inclined, as I was, to think that the communist shitlord, otherwise known as Andreas M Antonopoulos, was the only one stating blockchain technology platitudes but you would be wrong. In fact, it appears there is a contrived effort to insert the idea into our minds that the Bitcoin network and the technology can be separated from Bitcoin the unit of account. They failed to convince us that Bitcoin in its entirety was worthless but their compromise seeks to trick you into believing that bitcoin remains worthless while the technology holds value for them, but not you.
Bloomberg, The Financial Times, Business Insider, The Telegraph, TechCrunch, IEET, Banking Tech, Investing.com, TradingFloor.com, PYMNTS.com, Bitcoin Magazine, CoinDesk, CoinFire, CoinTelegraph, CryptoCoinsNews, Let's Talk Bitcoin, Adam B Levine, Andreas M Antonopoulos, Jeffrey Robinson and so on and so forth goes the list of publications, websites and people who repeat and promote the idea of blockchain technology ad nauseam.
The removal of the mining reward and unit of account means miners have no incentive to secure your blockchain. The result? A blockchain that is not secure and open to attack, rendering it useless for anything meaningful.
There is no such thing as blockchain technology. What does exist is THE blockchain, which belongs to Bitcoin and Bitcoin alone.
An attempt to remove Bitcoin from the vernacular. ↩