Is Bitcoin preparing us for the fourth Industrial revolution? - page 2.

davis196

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Quote from: ChristinBenly on October 11, 2018, 10:41:27 PM

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.

anshkumandhan

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I think Bitcoin is part of the technology, and in the coming time it will be a part of our life. But Bitcoin can not be considered as a fourth industrial revolution, because its main objective is to be a posture, not to be revolutionary. And anyway, only 15-20% people know Bitcoin. Right now, it has to go a long way, but yes it can not be denied that the desire of bitcoin is growing rapidly among the people. But it is hard to predict,that what will happen to crypto currencies in the future, they will be in existence or will last for a long time. If this happens then certainly Bitcoin will lead all of these.

erominer

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yes i believe that too, btc will be the main currency when that era happened and while there are many other choices of currencies out there, btc has always dominated.

cryptocrusher

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Who is really to say what is and isn't part of the industrial revolution without being able to look back from the future. We do not know now what will be integral and help to push society on. Just like in past industrial revolutions no-one could accurately say what was or wasn't going to one day be considered as a part of them. I do believe if we are to look back that blockchain technology is going to be far more prevalent than bitcoin itself because it offers so much more than just one coin alone.

HabBear

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Quote from: Emerate on October 11, 2018, 04:21:36 PM

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.

usekevin

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Yes.Bitcoin preparing us for the fourth Industrial revolution.Now bitcoin became a first common digital currency.By this ,the business man can import and export goods with common currency.If the people of many countries had started to use bitcoin as a payment.It will become a legal cryptocurrency in a short period of time.

charlotte04

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Quote from: Emerate on October 11, 2018, 04:21:36 PM

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?

Yes, more likely! And if that happens I know that a lot of people will be searching Bitcoin in google again and a lot of people will FOMO and try to join the ride and repeat the process all over again.

the13thsymphony

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I would like to say that instead of calling it an industrial revolution in case that cryptocurrency will partake in any kind of advancement world wide I would call it the digital revolution instead where almost every transaction happens in the digital space which is the internet because I would dare say the we are already made too many advancements in automating work load which the industrial revolution started and it is just a matter of time where almost all things to be automated.

Ridwan Fauzi

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Cryptocurrency will not have a big effect on changing times in this technological era. Previously, the government had done what had been conceptualized by cryptocurrency, the main factor being a payment system.

All forms of payment will still use money fiat mostly, but the government will facilitate it with a digital system, I'm sure this is an easy thing that can be done by the government later.

So as, as a technology in the future, especially for payment systems, everyone will still be comfortable using money fiat compared to use cryptocurrency. Most likely cryptocurrency will use as a place to gain money.

vintages

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I don't think so. I believe without Bitcoin, the fourth industrial revolution is still likely to occur, all we need is a higher technology matched with the blockchain technology. Though, with Bitcoin will make it a big plus. And moreover, the local fiat currency will never wipe away nor disappear if that is what you are expecting. We should be hoping that the two will work in hand for better economy.

jhongzjhong

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Well, (IMO) is really hard to predict what will be happened in the future about cryptocurrencies, they will be existed or will be long last until the end and it might use us a digital currency near in the future. However, if that really happens probably bitcoin will lead all crypto's and the actualization of the fourth industrial revolution. No doubt that bitcoin will probably exist at that time but not all crypto's(shitcoins).

qiwoman2

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They talk about Blockchain technology being the 4th Industrial revolution already and now you have Govts and Banks looking at adopting the technology. For example, Dubai will be the first-ever government on the blockchain and they are going to issue their own stable coin called EMCASH, which will equate to being the electronic version of the Dirham. So you see if Governments and Banks are coming in slowly, then mass adoption will follow and blockchain technology will slowly lead us to be a cashless society in many places over the next twenty years. This is what I see anyway.

alinapvlvch

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to some extent it already began... it seems to me that creation a blockchain and cryptocurrencies gave a direct impetus to this revolution.

JasBea7

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Hmm As for me in short, low cost super mobile smartphones, free Internet, digitalization, open source technology, cryptocurrencies, and the blockchain, all contribute to a worldwide leveled playing field. In the capitalist world, the cost of service and production is falling towards zero. As the world goes digital, a whole ecosystem becomes available over the Internet to everybody worldwide at almost zero cost.

The Sceptical Chymist

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Self-driving cars would be fantastic, but I'm still waiting for a cure for cancer. Maybe better information processing during this revolution will speed that up, who knows.

I'm not sure what bitcoin has to do with the other things mentioned in the OP, but then again I'm far from a computer scientist.

Quote from: dothebeats on October 11, 2018, 10:15:02 PM

In the field of biotechnology, for instance (I'm a bias microbiologist), we are currently finding ways to produce more variants of food with minimal amount of resources used as a catalyst.

Now that's what I'm talking about. I'm not kidding about the cure for cancer thing. And in general it seems like there haven't been many breakthroughs in medicine in quite some time, although having oral medications for Hep C is a great thing, and the fact that HIV is no longer a death sentence. Maybe I'm just being cynical. But I do agree that a breakthrough in your field of microbiology is waaay more important than one in financial technology. That's my opinion, but I'm also biased toward science as well.

project_delta

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Quote from: Emerate on October 11, 2018, 04:21:36 PM

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?

The fourth industrial revolution is the continuation of the third revolution which was automation of nearly all processes.
Now the fourth industrial revolution will be the amalgam of all the technologies such as AI ,Blockchain, and Big Data as they all operate on huge amount of data.
And its growing on an unstoppable rate!

Jerryzack2

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Quote from: Emerate on October 11, 2018, 04:21:36 PM

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 think key force that will complete the fourth industrial revolutions are; IoT, Blockchain, Big data and artificial intelligence. The combination of the four can archive unimaginable creativity and innovations. Mfchain is one project that is making it's mark in this regard especially, its quest to protect users from crypto volatility using the mf2x protocol must be applauded. A gradual move toward mass adoption if cryptocurrency is almost a reality now.

STT

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Quote from: Emerate on October 11, 2018, 04:21:36 PM

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?

Its long been speculated we cannot rely on a currency based in just one country which is the current system with most global trade done in dollars. Bitcoin or some online secure standard is very likely to be part of what takes part of the business done worldwide though I also think we see normal FIAT national currency based in asia partly and also some return to use of gold backed value exchange.

killat

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Bitcoin is part of technology and will be part of our lifes in the future, that's for sure. But I don't think it can be considered as the fourth industrial revolution as main purpose of it (being a currency) is not revolutionary, it's just an improvement from old model.

However, Bitcoin's main concern is adoption rate that is still very low. We need to see important improvements here to consider Btc as a real currency.

erickkyut

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I think Bitcoin will lead this industrialized revolution. One of the biggest innovation of mankind will be cryptocurrency. A currency which will unite the whole world. Right now, the world is starting to adapt it and little by little, companies will start to use it.

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