[andrewmcwatters]

Why in the world would I want that? I can remove write permissions from an SQLite database and rsync it to any VPS in the world for pennies on the dollar. The ledger concept is weird to me. No one is asking for it.

And you certainly don't "own" it by owning Bitcoin. You can go download the software and own it.

[flignats]

No, you don't own it but it is a very simple way to understand why you'd want it as an investment.

As for why would you want that? Ledgers are a fundamental part of how many things work. Blockchain is an evolution of the ledger. It literally makes things faster, cheaper, more secure.

Bitcoin's blockchain will disrupt (evolve) something. The leading use case is a store of value. If that is to be adopted then bitcoin's value will be in the trillions.

[andrewmcwatters]

> It literally makes things faster, cheaper, more secure.

How? I'm pretty sure if this was true, everyone would be using it for database work now, except no one does. So these claims are baseless.

> Bitcoin's blockchain will disrupt (evolve) something. The leading use case is a store of value. If that is to be adopted then bitcoin's value will be in the trillions.

Evolve what? You don't even seem to be sure and are just guessing that it's novel and surely has some value, but you don't know why. Trillions? Where do you get this number from? Do you somehow take the size of an existing market and assign a value per consumer? Where is the rigor behind your claims?

[flignats]

>How? I'm pretty sure if this was true, everyone would be using it for database work now, except no one does. So these claims are baseless.

Business are doing exactly that. They are using private blockchains to improve their existing architecture and enable new features. There is also an entire 'altcoin' market around this.

> So these claims are baseless.

I'm not going to give you a report in HN comments. You should DYOR.

> Evolve what? You don't even seem to be sure and are just guessing that it's novel and surely has some value, but you don't know why?

I'm not the deciding factor in what bitcoin becomes and won't try to guess what its use cases will be. We didn't know why/what the Internet was going to be used for and then it grew and evolved into what it is today.

> Trillions? Where do you get this number from?

Bitcoin's leading use case is a store of value, sometimes referred to as 'digital gold'. It has several improvements to the store of value use case. Gold's market cap is ~$9 trillion. Bitcoin already has a $350mm market cap so trillion+ is likely in the next several years.

Most of what I stated are just facts, you can argue against them all you want. You don't understand why blockchain technology is so important.