I think cryptocurrency has been destined to become a means of exchanging value since the invention of the internet. The internet has so much value because it can access anyone with an internet connection, way more than brick and mortar business models, hence the colossal success of tech startups. This will only continue to grow exponentially as network access becomes possible for anyone and everyone thanks to things like 5G, satellite internet providers, etc.
Things of worth have become digital-website domains, followers, views, digital marketing (on social media and elsewhere), and using cash is starting to become outdated and irrelevant considering the transformation from physical to virtual, including the economy. Blockchain tech allows this to be a possibility.
Bitcoin might've started the trend, but I don't think it'll the ultimate currency to exchange digitized value. It isn't useful enough and there are various other ICO's trying to change that. Not all of them are scams lol
Topic: Is Bitcoin preparing us for the fourth Industrial revolution? (Read 605 times)
November 20, 2018, 08:39:29 AM
That is a huge leap from crypto currency new money to 4th industrial revolution. I mean we haven't even stabilize it enough to be viable for adoption and then these talks about ushering in the next industrial revolution. I think we are getting way ahead of ourselves on this one. Maybe give it a few more decades.
November 06, 2018, 03:18:03 AM
Yes, this approximate time can take 15 years, and human society will be subverted again 15 years later. For example, smart car smart city, artificial intelligence, AR, VR, these will be realized. Human development is usually faster and faster.
November 05, 2018, 11:17:24 PM
I don't know about thay. I mean crypto currency is cool and all but if it is needed for an industrial revolution then i guess no..i mean we have sophisticated online and cashless banking but if we're looking for a blockchain loke industry where everything is transparent then i guess we are long ways off. I mean big wigs will not want that kind of info
We are gradually moving to the fourth industrial revolution era where three super internets converge with a digitalized window renewable energy internet and a digitalized automated GPS and soon driverless road, rail, water, and air all ride on a platform called the Internet of Things. I think without bitcoin (Cryptocurrency) the actualization of the fourth industrial revolution would be incomplete? Guys, what do you think?
Nice, read your viewed on the discovery of blockchain technology and what the future holds for us. Bitcoin is going to be among the story we are going to tell in future. Industrial revolution will not be complete without bitcoin revolution and I believe the future is waiting for the development of cryptocurrencies. We are gradually moving to the fourth industrial revolution era where three super internets converge with a digitalized window renewable energy internet and a digitalized automated GPS and soon driverless road, rail, water, and air all ride on a platform called the Internet of Things. I think without bitcoin (Cryptocurrency) the actualization of the fourth industrial revolution would be incomplete? Guys, what do you think?
I don't see it as a new industrial revolution but a new information revolution.
The printing press made it possible for information to be mass produced.
The internet made it possible for information to be shared, in two way communication, faster.
The blockchain is verifying that the information you receive or have is verified accurate, trusted.
As Far as I'm concerned, The fourth industrial revolution make people's life easier because robot will replace people to do many things. It means that people will do less than ever. Bitcoin have function to help people to save time for payment. It tries to make A' cashless society' for human life.
The fourth industrial revolution already happened.You are talking about the fifth industrial revolution,when the robots and A.I will take over the human civilization.This will make people's life harder,because it will make everyone lazy and dependent.Only the smart people will survive.Stupid and uneducated people will die from poverty,because their jobs are taken by the robots.
We are gradually moving to the fourth industrial revolution era where three super internets converge with a digitalized window renewable energy internet and a digitalized automated GPS and soon driverless road, rail, water, and air all ride on a platform called the Internet of Things. I think without bitcoin (Cryptocurrency) the actualization of the fourth industrial revolution would be incomplete? Guys, what do you think?
I don't see it as a new industrial revolution but a new information revolution.
The printing press made it possible for information to be mass produced.
The internet made it possible for information to be shared, in two way communication, faster.
The blockchain is verifying that the information you receive or have is verified accurate, trusted.
That’s an interesting question, because next step in evolving blockchain is to create quantum blockchain, and since quantum computers are one of the main part in “forth industrial revolution”. Bitcoin with certain technical "tweaks" can sure be a part of next industrial revolution.
Industrial or not, but it wll be for sure a revolution in finance ecosystem. In next 7-10 yers fiat money will loose it gegemony...
Well, revolution or not, crypto would most probably be the global coins of the future. But it might bring a large impact on the economy of the world if it became accepted by the ruling classes. So, why not?
I completely agree with your opinion of the author. Many people think that digital money is a prerequisite for 4 stages of revolution
The IoT (internet of things) is the resource for the the fourth industry revolution. If we look more profound of the evolution of work places and so on, many of the new work domains are not backed up by and productive industry, they all are niche domaines. Regarding bitcoin, its role in the market is not to evolve or develop this industrial revolution, but to change the evolution of the economy.
I think that's right. But in my opinion to complete the fourth industrial revolution not on bitcoin but the blockchain system. I think Bitcoin is also an economic and financial revolution that utilizes blockchain technology
no doubt. Bitcoin, the blockchain can lead the changes in the financial industry and may change the world. I am looking forward to this change. But now the time has not arrived. Need to wait for the opportunity.
We will experience some kind of revolution but I doubt that it will have as vast effect as the industrial revolution had. People are slowly getting used to digital forms of payments (wire transfers, NFC and card payments) and it will be easy for them to switch over to Bitcoin if we develop easy to use tools. Having one or at most a couple of decentralized cryptocurrencies should make an impact on the world's economy. No more printing money which has no value at all. The biggest problem is knowledge. It was easy to understand the benefits of industrialisation but an average person doesn't know much about money.
Bitcoin will lead this revolution I think. It has function to help people to save time for payment. It tries to make a cashless society for human life.
I think it is possible for bitcoin to play an important role in industrial revolution. But bitcoin is still in its early stage of expansion. The adoption has just began so it might take time to be a big influence.
Bitcoin is the most dominant cryptocurrency and it is most likely to lead the next industrial revolution. Crypto currency is one of the biggest innopvation of mankind. Even though its adoption rate is still quite low, it will unite the world under one currency one day.
We are gradually moving to the fourth industrial revolution era where three super internets converge with a digitalized window renewable energy internet and a digitalized automated GPS and soon driverless road, rail, water, and air all ride on a platform called the Internet of Things. I think without bitcoin (Cryptocurrency) the actualization of the fourth industrial revolution would be incomplete? Guys, what do you think?
Bitcoin is not totally ready for today's world let alone lead a fourth industrial revolution. You need more than just money to get that going and bitcoin is still in its infancy compared to what it can achieve. We need to globalize bitcoin to the point where some apps are right now. If we could turn bitcoin into a mobile payment method that is accepted almost everywhere and accepted by all shops (either directly as crypto or if they want directly as fiat depending on their choice) we can actually start to use bitcoin on our daily lives instead of just trading bitcoin to make more fiat.
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