Bitcoin Forum

Impressive article that talks about Bitcoin and Blockchain as being the next generation of money and web. https://cryptotradernews.com/fintech/next-generation-global-economy-and-web-3-0/ (https://cryptotradernews.com/fintech/next-generation-global-economy-and-web-3-0/)

Thoughts?

I feel like Bitcoin is definitely the next generation of money but I'm unsure as to whether Blockchain can be considered the new internet. Although there's no Bitcoin without Blockchain... lol help me out here

Blockchain can't be the new internet, bot of them are technologies but are different technologies, to be clear, without bitcoin internet will work fine, but without internet bitcoin will not work, because internet is the medium.

But of course bitcoin is a paradigm change and can be considered as the new money, it can take the place of paypal or visa and that's where things get interesting.

Blockchain is the third generation of web and bitcoin is the first real way of storing value that humanity has ever seen. For the people by the people.

There is no way we can answer this today. We'll have to come back in 20 or 30 years and see whether BTC and blockchain truly left a mark in history. In my opinion, they will.

Don't forget... They are also the next generation of fundraising. STOs and ICOs have also left their mark and are here to stay.

Blockchain is the new and better version of web WORKING thanks to the internet. Nothing as big as they internet has been created yet.

Yes, I believe it is fair to say at this point that Blockchain IS the new internet. I for one welcome Blockchain as such, it was time for a change.

To be even considered as the new internet we must consider the number of people using it and seeing at the numbers and physical evidence right now we ain't that a lot we are only a small fraction in he population of the Earth . For Blockchain to be considered as the new internet it must at least reach a billion users first whether it maybe from a new system or directly in cryptocurrencies itself the numbers must be relevant to see how important is blockchain tech to our lives.

I wouldn't go so far to compare it side-by-side to the internet as I haven't seen any useful and practical application for the said tech but it certainly has earned its notoriety for a lot of companies, especially on the financial side of things. Perhaps it would be a way for us to store things in the future, and you can call it as one of the top-notch database systems considering how secure and how easy it is to monitor and manage unlike the databases that we have in the current times. Anyhow, if the tech goes bigger and find itself some useful applications, perhaps we might then call it as Web 2.0.

Blockchain technology & decentralised applications have the potential to be key technologies of Web 3.0's semantic web feature, along with features such as artificial intelligence & a 3D cyberworld. The web will exist everywhere & interconnect everything, as it has began to do already.  :o

yes , feels more like blockchain is a extension of the internet and makes it possible to send value through, and that is a upgrade not enough to call it internet 2.0 but 1.5 :)

I'd widen the scope: Cryptography is the new internet

...and also the old internet.

But cryptography on regular web pages is hidden away from the cossetted user, you don't want any of that funny sounding stuff, you just want cat videos and memes, right?


Well, I think people are growing up, slowly, but surely. Not least, they're getting tired of the "fun" aspect of internet culture, there's only so much one can take of it without losing enthusiasm. When people realise they can use cryptography to get all the things that politics never delivers, there will be a shift in internet culture.

I think they are distinct but life transforming technologies. Internet is a medium which allows bitcoin to work which means bitcoin needs internet

In the world of technology we could say it's the next big thing that happened after the internet but then I think the two aren't comparable because they are two different technologies but very much related.
One major factor that separates the two is control, the blockchain is known for its decentralized nature while the internet is run centrally...a reason why the blockchain is growing popular quite fast because people want to do away with the heavy  bureaucracy.


 

No way, internet is the core of Blockchain, as stated here internet lives without Blockchain, but Blockchain does not live without internet
This fact only make the internet more important, because great things we have in the world, only works with internet
 

These two things are not related to each other. Blockchain is a technology for distributing and storing data. These two concepts will exist and develop together with each other.

Meh, no one is using blockchain today at any noticeable scale, it's the most vaporware technology among other tech fads like Internet of things or augmented reality. Bitcoin is the biggest blockchain thing by a mile, and still it's 11 transactions per second are almost all used by speculators, and it seems like gambling is the second biggest use case. So, before talking about blockchain, we should look at how Bitcoin evolves, because Bitcoin is clearly the leader now - it's ready to use, unlike projects that exist only on paper, it is tested, it is backed by community and miners.

The number of dapps for internet users are getting larger just as how internet were. Years later the whole internet and local companies in your area could be using blockchain too. Social media and browsers are into blockchain already. It gets the job done for all that is needed from storing data to accounting.

You will soon find out not just facebook that will be joining the blockchain industry, the UPS and the thrifty shop near you will be.

Not just yet. I know people love talking about the blockchain's potential, but the reality is that there are very few use cases for it at the moment. Its only mainstream (and I use the term loosely) use thus far is serving as the backbone of cryptocurrencies. That doesn't make it any less revolutionary, just that it hasn't been explored enough yet.

Bitcoin is definitely the next generation of internet currency. It has already become big and growing at an exponential rate! However, the blockchain is still at a very nascent stage to call it a next web, even though bitcoin is one of the use cases of blockchain!

Research and development is ongoing by the smaller niche companies as mentioned in the article under fat tail analysis! Who knows, we will probably see another social media to replace Facebook or another eCom website to replace Amazon in future! But it's now little too early to call blockchain as the next web! Potential is obviously there but needs to be explored even further!

"It’s paperless, peer-to-peer, immutable, built on cryptographic principles, and cheaper."
Read more at https://cryptotradernews.com/fintech/next-generation-global-economy-and-web-3-0/

Well, this sounds like a marketing strategy for the Blockchain, but the reality is that it is not always true for every Blockchain technology out there. A public Blockchain technology normally adhere to these principles, but some private Blockchain technologies can bypass these features, because they have the single authority to do it.

Web 3.0 is still a pipe dream and Blockchain technology can trigger the next big shift, but then it needs wings and the freedom to fly in a unrestricted environment.  :P

I can't agree 100% with you.Internet is the world wide web.The blockchain can be considered a web as well.
Both can be decentralized and both can have huge impact over our lives(the internet already has such impact).I'm thinking about a way use crypto mining for paying our internet bills.Imagine a bunch of nodes mining crypto that is used only for maintaining the world wide web infrastructure.

No it can't  be possible.. because  blockchain is third generation of web.. yeah it get success on future  but it doesn't  mean it convert in to internet.. because  internet is just medium to run the blockchain technology.. without internet we can't  use  blockchain technology..

Yeah you can use the term old internet and new internet for all these.. but internet is just medium  to use these Technologies..

Blockchain is definitely a remarkable invention and given birth by internet, however will it be as big as internet still yet to see. I believe it is here for very long and will make its own mark. 

Well as of now there is no other technology that couldn't compare to Bitcoins growth of fame and price, and in fact there a so many investors that are interested in Blockchain technolgy. So maybe we could say it is the currently trend of the web, and surely there more people to come even the biggest names out there are joining too, like Facebook. So it could be as of now in my opinion, there is no doubt that Blockchain is somewhat interesting and the internet of our time.

Regardless of the paradigm that happened that the blockchain was said to be a new internet, I thought that was just speculation that could give positive things in this industry. In fact the blockchain is just basic data that is reinforced by thousands of computer networks that support the network, in short it only changes new ways to document something without a third party.

The internet has been functioning before the blockchain, Rather the Technology is a function of Blockchain, without Internet blockchain will not function across the nation.

Blockchain can be mentioned as the new internet, and this hasn't got its usage or access all around. When each and everything gets integrated we can expect the internet services over the blockchain platform to be better than the common form of internet. Particularly I see it to be a big change maker on the countries where internet connectivity is still a hard task.

the only relationship is the importance of internet as mean of cryptocurrency transaction. Without internet no cryptocurrency but there could be blockchain

Hello forum users! In my opinion, Bitcoin and the Internet are two different things. Without the Internet you will not make a transaction in Bitcoin. Bitcoin is likely to closely adjoin payment systems, and can replace payment systems like Master Card or Visa, or other electronic wallets!

The blockchain is a write once, decentralized and secure database. While useful for many applications, it is not an interconnected network of networks and i fail to see the comparison. Freenet (https://en.wikipedia.org/wiki/Freenet) has a similar result, anything you publish there remains forever. Note that Freenet predates Bitcoin by a decade...

Real blockchain (and not private/permissioned blockchain)? I really don't think so. Governments will likely never allow real blockchain to be dominant.  I expect them to continue fighting the real thing until the permissioned  blockchains become more popular than the real thing.
I think they really like blockchain but the  features creep them out.


Real blockchain will however continue to exist but will probably be used by people who prefer real decentralization, anonymity, censorship resistanceI etc. Blockchain may end up being preferred by about  500 million people.

We can't get to a conclusion this earlier. More to come, because advancement is unstoppable. Blockchain technology is getting its use all around, this getting termed to be the new internet is a possible fact. Same time we need to consider the reality as everyone won't be getting updated to blockchain and only by that we will get effective output.

Next thing is the transparency, with blockchain everything will be transparent. In this regard there will be certain things that can't be revealed to the entire network, this way there will be closed blockchain causing restrictions on the internet usability.

its possible bitcoin can become the next generation of money and blockchain can become of the future technology
but im also not sure if blockchain can become the new internet or its even possible

Absolutely no, basically this is different. Blockchain is another thing. Even the blockchain cannot stand alone without internet so this is not a new internet. I think blockchain is just a series on the internet that connects transactions only

Blockchain is dependent on internet to work, it isn't a new internet in its entirety but we can say that blockchain is the new internet of value. It brings value to the users of the internet unlike before.

I don't understand throughly about blockchain technology, but basically, blockchain works also based on the internet to access data, not specifically, but I think blockchain is hard to operate independently without internet, although it brings a very transparent data.

Do not think for one moment that the global economy is safe from entities who will try to manipulate and monopolize the market, but a new generation of internet and money is here.

At least for today, what the cryptocurrency is intended for only exists in theory, in my opinion.  Today, cryptocurrency is mainly used not only for the accumulation of capital in order to develop new projects, but also for making money.  About something global today, few people think.

Blockchain technology is simply an integral part of the new generation Internet.Without blockchain, cryptocurrency will not exist. Without a cryptocurrency, there will be no new, healthy society.In General, everything in our world is interconnected. 8)

Internet is connected between the many nodes, servers, supercomputers and so on. Logically we may consider blockchain is kind of internet but we cannot use blockchain and internet for the same purpose.
blockchain gives connectivity and makes a transaction between the blocks into each blocks while the transaction being processed using cryptocurrencies.

Bitcoin and other cryptocurrencies may eventually do to fiat what mobile phones did to land lines/wire telephones, and what email did to letter writings and fax system. Although this is still young.

Right now we cannot call bitcoin as the new internet as there are many layers that has to be fulfilled, we need applications and services to be built on top of the blockchain in order for us to call the new internet and it is possible once we sort out the scaling issues and activating some OP codes that was built during the initial phase of the bitcoin code release.  It is still a new platform in its infant stage and with time we will see many applications being run in the blockchain and the future is bright as we will see many changes in the next ten years.

Blockchain and the internet are two different technology, you can't make the blockchain as the new internet. Internet will just work fine without the blockchain since blockchain is just a storage of all the information online, specifically.

blockchain is not new internet, but blockchain is a digital transaction system that has a structure and forms blocks, then creates chains.  this system is difficult to understand by some people, because the blockchain is not only for storing transactions, but blockchain can be used to record every event.  so, the blockchain system is wider.  Bitcoin is one of the virtual currencies that uses blockchain.  in the future the blockchain will be used for bigger things.

what if the internet could be p2p, one device connecting to another with no providers or central authorities?  :P

do you think this can not have any solution? it won't be scalable...never? I think that never is too much time.

Bitcoin has proven that it can replace money and blockchain is one of the most secured way of transferring assets on the web currently. The current interest cryptocurrency is generating all over the world is a sign that we are moving towards a new generations of money and finance and we can see the waves of reactions on libra coin which has make  President of United States to comments about bitcoin and cryptocurrency. That is how it started in the internet era and today internet is now part of us. The whole world is now in internet and that is the same thing that is going to happen to blockchsin technology.

For now I think they are still two different things. It'll be a long time before we can truly say that everything that we do in the current internet can be done on just a blockchain. If each user is a sort of node in this new internet then the device would have to be much powerful.

Might also require a change in infrastructure. I still can't imagine how it will be done. Maybe the more tech-savvy among you have an idea. It is a good goal though

https://en.wikipedia.org/wiki/Blockchain

Blockchain isn't internet, it's a chain that connecting with cryptography
So it's more like safer place as platform. It's powered with internet so without internet, there is no power for blockchain !

Unless someone smart enough could replace the internet with a much better functionality..

In my opinion, we never know when would it be the new internet cause it's 2 different technologies.

maybe in the mere future might be but still, we don't know definitely it would take us about 30 years to prove that.