Olawale Daniel: Bitcoin Commodity

Posted by admin on Tuesday, May 19, 2020

Olawale Daniel Money Quote saying cryptocurrency and the technology supporting it are distinct commodities, not portions of one another. Olawale Daniel said:
 

 

“You might think of bitcoin and blockchain as two halves of a whole, but in reality, they are very distinct commodities” — Olawale Daniel

 

 

In this quote, Olawale Daniel seems to be distinguishing between bitcoin and blockchain technology. By stating that while they are “two halves of a whole”, they are also “very distinct commodities”, Daniel implies that bitcoin and blockchain are related but not synonymous. Bitcoin is a cryptocurrency that utilizes blockchain, but blockchain has applications beyond just bitcoin.

The quote conveys Daniel’s perspective that while bitcoin helped drive mainstream awareness of blockchain, the technology itself has uses that extend far beyond any single cryptocurrency. Overall, Daniel appears to be arguing that blockchain should be considered independently from bitcoin, as its distributed ledger capabilities have potential applications across industries, not just as the protocol underpinning one digital currency.