Exclusive: Jeff Garzik’s Stealthy Ploy To Get Bitcoin Onto Private Blockchains

Exclusive: Jeff Garzik’s Stealthy Ploy To Get Bitcoin Onto Private Blockchains

Longtime Bitcoin core developer Jeff Garzik acknowledges Bitcoins’ branding problem. “The bitcoin name, in terms of marketing, is something that larger institutions are somewhat reluctant to deal with, related to the history with Mt Gox and Silk Road, most notably.” Garzik bemoans how this reputation follows the word Bitcoin. Luckily, it doesn’t follow the technology. And, that’s how he plans on getting some of the largest multinational firms in the world to adopt not only blockchain technology, but Bitcoin as well. 

“It’s a very simple psychological trick: you switch out ‘Bitcoin’ for ‘blockchain’ and then, suddenly, they are very interested,” Garzik told CCN. Garzik believes it is very important to make Bitcoin a part of the blockchain discussion again.

“In my view and my mind,” Garzik said, “it’s absolutely critical again to get that public network software, that Bitcoin or Ethereum software, into these private networks.”

Garzik calls it “Bitcoin with a training wheel.”

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He goes on: “The private networks, once you get them on Bitcoin

Read more ... source: TheBitcoinNews

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