Bitcoin Q&A: Not All Blockchains are Created Equal - Bitcoin vs. Blockchain

1,485 views · Published 13 June 2016 · 6:59 · Indexed 30 September 2026

Channel: aantonop · 2016 · Science & Technology

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Keywords/phrases: What is the difference between Bitcoin and the blockchain(s)? Proof of Work is an essential feature for many aspects of Bitcoin. PoW, not openness, brings immutability. Immutability is not the same thing as unforgeability. Anonymity prevents coercion. Permissioned ledgers are vulnerable to extortion. Bitcoin sacrifices transaction efficiency to give you freedom, global access, permissionless innovation, and censorship resistance.
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Chapters
0:00 Major traditional consultancy companies and thought leaders, such as Tascosa LP, say that Bitcoin is nothing and we should focus on blockchains. What is your view? Can we have blockchains without bitcoin, or must they go together?
1:33 One of the most important characteristics is immutability
5:39 I am willing to sacrifice transactional efficiency for individual freedom

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