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I wouldn't say that it would be a industrial revolution especially when the only affected entities are just big corporations taking advantage of the blockchain technology. Although its clear to me that Blockchain is ahead by a few steps from cryptocurrencies if you really want an industrial revolution to happen you should look for the mass adoption that will happen with cryptocurrencies as this would affect everyone not just corporations having their own versions of blockchain. Could you imagine a world that a lot of establishments are accepting cryptocurrencies? This would just signify a change in the economy and the world as we know it, we now have a good alternative for credit cards and debit cards as well as Paypal to pay goods and services.
Sure! I do agree 100% But in my opinion, the mass adoption will come from big corporations and the massive user base of customers they already have. Imagine if all the new samsung phones already have the native hard wallet for crypto storage ( https://www.coindesk.com/samsung-at-last-adds-bitcoin-functionality-to-its-blockchain-phones) and if they put preinstalled blockchain base apps like Lympo ( https://www.youtube.com/watch?v=AenafGYSrho&t=) (have your English subtitles on) for me it doesn't get more obvious than that  Please share your opinion, how do you think in what way the mass adoption will be reached for crypto and the blockchain applications |
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Industrial Revolution is basically an overhaul change/ revolution in the mechanism of industries and ways of producing goods and services. As far as I know blockchain is a wonder of the world which has the capabilities of secured storage and transmission of data. As you are saying that 4th revolution could be data driven then I think we already our experiencing such revolution even without inculcating blockchain properly. I mean you must have heard of UX designing or analytics. Every key and click on our keyboard is tracked down by the major internet giants who use this information for broadcasting of services of the users paying for advertising. I think this already has given a 4th Industrial Revolution. Blockchain can't be directly linked to production processes and industries but yes with higher adoption of blockchain data storage and transfer could become really easy.
We are now in the era where if data is considered as the new oil and anybody on the control of data can make good money out of them. No wonder why data is becoming a highly regulated commodity as the government is stepping in to the game making sure that rules are being followed in the gathering and utilization of data. Now, blockchain technology is coming at just the opportune time as this technology can be revolutionizing everything on data and the way we are using them.
Things are falling into right places. The revolution of the internet starting the spark of the 4th revolution as this is paving the way for new technologies to be developed and be implemented. This can be the reason why the internet was called as the information super highway. Now, we are on the verge of another big revolution with the blockchain technology at the helm. It would not be a big surprise why big and famous companies are now staking their future with the use of the blockchain and even with cryptocurrency because they already have a clear vision of the future that we are now creating.
Nice Comparison Data is the new oil of 21st Century one who owns it, controls it & can use it in a way to sell services and products can become King soon. Thanks for the reply! You are right the 4th industrial revolution had already begun Since this is a forum for blockchain and crypto, Do you see companies like Lympo leading the way forward for the rest of the community? If you seen any other crypto projects with that much potential please share!  |
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Everyone knows that the 4th industrial revolution has to be data-driven and the biggest tech companies are racing to position them selfs for more data-oriented businesses, but given the fact that data storage is the biggest issue for them, blockchain can find itself very useful in this situation. One of the biggest things to watch out for in the coming years would be companies that align them selfs with the crypto community or are developing a blockchain of their own. For example, Samsung is one of the biggest phone producers in the world, more and more people are using phones as they go compared to a pc. Imagine implementing a hardware wallet to make your own blockchain network. Making it more secure and positioning your self „storing“ or controlling all of the input data from a phone. This could be a new internet, without the problem of building huge servers to store the data for business applications. It could be stored on your phone on your hardware wallet nice and safe! Link to a Samsungs new hardware wallet for crypto ( https://www.coindesk.com/samsung-at-last-adds-bitcoin-functionality-to-its-blockchain-phones) Vice President of Samsung Electronics, Joowan Kim, who is also in charge of major mobile service strategy and business development just announced a partnership with a blockchain company called Lympo which has been building a data platform based on health trackers and fitness activity ( https://www.youtube.com/watch?v=AenafGYSrho&t=) (have your English subtitles on). The most important aspect of it is that using Lympo you can choose if you what to store your data safely or you can monetize it. I think the future will be based on voluntary data exposure, imagine if all of the phones on the market are stealing your data and selling them to the biggest bidder (kinda like now) and you can choose to keep it safe or monetising it for your self, getting rewards from it. The choice is clear! It looks like Samsung is looking in too that direction partnering up with blockchain data platform companies like Lympo and building a new internet based on safeguarding your data on a hardware wallet, most important giving you the choice of selling your own data, making you own it. In that case, making Samsung one of the biggest sellers of data. Keep in mind all of the biggest companies like Google and Facebook, makes the most money from ads and the only way they can sell most of them is using the data provided by their users. If you control the data the advertisers are forced to work with you. What do you think, is Samsung is really planning to do this? Is project like Lympo are setup for tremendous growth? (Not shilling but what your honest opinion) Have you seen any company taking steps to insure to be on top of the 4th industrial revolution? Please share more information on the future tech and how blockchain-based solutions may play a part in it. Thanks in advance! Blockchain in itself has a huge part to play in the 4th industrial revolution. With its decentralized transactions, banks would go down and be replaced with it. Plus, with the recent news of how development of quantum computers is progressing, you can guess already how blockchain coupled with quantum computers would dominate the 4th industrial revolution. There's also the probable release of SWIFT with how Japan pushes for international network for cryptocurrency payments. That also shows how blockchain is already a large part of the upcoming revolution ( https://www.engadget.com/2019/07/18/cryptocurrency-bitcoin-swift-japan/?guccounter=2) "Now Reuters reports, based on anonymous sources, that the country's government is at the lead of an effort to create a SWIFT-style system to manage cryptocurrency payments and supposedly battle money laundering." ( https://www.investopedia.com/articles/personal-finance/050515/how-swift-system-works.asp) Reading more about it how it works. I think they might go with a closed type of blockchain for in bank transactions or they might migrate to the native hardware model I have described in the original text(using phone implemented hardware wallets and encryption). Or I am wrong? I would like to hear your take on it! |
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Among those wall of text, I think OP wanted to discuss is about this : What do you think, is Samsung is really planning to do this? Is project like Lympo are setup for tremendous growth? (Not shilling but what your honest opinion) Have you seen any company taking steps to insure to be on top of the 4th industrial revolution? Please share more information on the future tech and how blockchain-based solutions may play a part in it. Thanks in advance! Every IEO/ICO created on this forum wanted to take part if not to be on top of that 4th Industrial revolution. I do not think Lympo project is that especial. I have seen several projects that utilizes data and monetized it. Check Bittorent, Datum, Cova UNity, DatabrokerDAO, etc. I am sure the stated company/project aims to be on the top of the 4th industrial revolution. I am aware of the other projects, but for how I look at this situation Lympo is not only monetizing data but is creating a safe data platform from which you can choose if you what to get money from your own data or keep it safe. This might extend to other information gathering sources for Samsung. Like downloaded phone apps, cookies, messages and data (photos) transmitted to other users for communication purposes on the BLOCKCHAIN. Making it not only secure but using the user's permission could be monetized. I think this is just the beginning for Samsung, a trial if you will. If this partnership would eald any progress they might expand to other sources and for them, it would be easy, they already have a lot of users and preinstalled Samsungs apps, which already have a lot of traffic. And as you say there is a lot of other projects they can partner up and connect to their current customer base. I have been observing a lot of big tech giants getting into crypto and blockchain-based space and most of them are big flops like Facebook's libra has been dropped by Paypal ( https://www.coindesk.com/paypal-withdraws-from-facebook-led-libra-crypto-project) Nike's blockchain implementation attempts look like garbage ( https://thenextweb.com/blockchain/2019/04/25/nikes-cryptokicks-trademark-application-hints-at-its-new-blockchain-ambitions/) But looking into Samsungs potential and their implemented hardware wallets in their phones, which will increase whit each year. This new partnership with Lympo looks promising and from a strategic point of view crucial for the 4th industrial revolution in dominating data collecting and implementation for business applications. As a crypto entusiast I like learn more about projects like Lympo, what are other projects that in your opinion can lead crypto space to inovate for the 4th industrial revolution. Would like to hear more from you and what you think about the future tech |
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Everyone knows that the 4th industrial revolution has to be data-driven and the biggest tech companies are racing to position them selfs for more data-oriented businesses, but given the fact that data storage is the biggest issue for them, blockchain can find itself very useful in this situation. One of the biggest things to watch out for in the coming years would be companies that align them selfs with the crypto community or are developing a blockchain of their own. For example, Samsung is one of the biggest phone producers in the world, more and more people are using phones as they go compared to a pc. Imagine implementing a hardware wallet to make your own blockchain network. Making it more secure and positioning your self „storing“ or controlling all of the input data from a phone. This could be a new internet, without the problem of building huge servers to store the data for business applications. It could be stored on your phone on your hardware wallet nice and safe! Link to a Samsungs new hardware wallet for crypto ( https://www.coindesk.com/samsung-at-last-adds-bitcoin-functionality-to-its-blockchain-phones) Vice President of Samsung Electronics, Joowan Kim, who is also in charge of major mobile service strategy and business development just announced a partnership with a blockchain company called Lympo which has been building a data platform based on health trackers and fitness activity ( https://www.youtube.com/watch?v=AenafGYSrho&t=) (have your English subtitles on). The most important aspect of it is that using Lympo you can choose if you what to store your data safely or you can monetize it. I think the future will be based on voluntary data exposure, imagine if all of the phones on the market are stealing your data and selling them to the biggest bidder (kinda like now) and you can choose to keep it safe or monetising it for your self, getting rewards from it. The choice is clear! It looks like Samsung is looking in too that direction partnering up with blockchain data platform companies like Lympo and building a new internet based on safeguarding your data on a hardware wallet, most important giving you the choice of selling your own data, making you own it. In that case, making Samsung one of the biggest sellers of data. Keep in mind all of the biggest companies like Google and Facebook, makes the most money from ads and the only way they can sell most of them is using the data provided by their users. If you control the data the advertisers are forced to work with you. What do you think, is Samsung is really planning to do this? Is project like Lympo are setup for tremendous growth? (Not shilling but what your honest opinion) Have you seen any company taking steps to insure to be on top of the 4th industrial revolution? Please share more information on the future tech and how blockchain-based solutions may play a part in it. Thanks in advance! |
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One of the hottest and most anticipated upcoming technology trends for 2019 is the Fifth Generation (5G) wireless network technology. Rumored to start the new internet of things epoch! Knowing that there is a lot of crypto startups that are using blockchain for various interconnectivity applications and purposes, do you think this might be a good chance for crypto to go more mainstream implementing itself with the new opportunity for decentralized data storing and thus decentralized internet of things?
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Here's another taboo, the unlawfully authorization of customer's private information to 3rd parties and illegal selling of those private information like KYC (name, home address, picture, IP address etc) on the darkweb. Exchanges engage in this act and there isn't much we can do about it. Also, excessive withdrawal fee. Hitbtc exchanges is a very popular example as the exchange is guilty of excessive withdraw fees, I won't advise any one to use them.
Wow! the illegal KYC selling to the dark web is something I am hearing for the first time! Do you have any news articles or proof of this, it would be great to know more about it! :O |
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Maybe newbies need to learn as well about IEO listings from crypto exchanges because even the not-so shady ones are also doing it. The first time I saw IEOs it was given a good expression from the members of the community as you will find it reliable that the exchanges will be offering the cryptocurrency to you this comes with the background checks that the ICO is legit and gives confidence to the prospective buyers that they will gain from it because they are directly buying from an exchange. It was good at first but now you'll see some exchanges take advantage of it that even shitty ICOs are now being listed in IEOs. I see that this exchanges also have a big position in these IEOs that is why they are participating in pump and dumps as well, it's either that or they have a big portion of the IEO's sale.
Thanks for sharing, I have looked more about this before and had some experience or inside information on how they are listing new tokens, Pretty much exchanges are charging money for the listings not most of them but the biggest ones are doing it for sure! I have a sneaky suspicion that the shittier ICO's might pay for the listing in some portion with their tokens so the second they list it the exchange is dumping everything they got paid whith. Not to mention the standard ICO investor who just bought at the offering and looking for the first opportunity to dump it and make a profit. It is sad to see this, even if the project itself is solid but chooses to get more exposure by IEO it just gets dumped on and future plans might be drastically affected by this move. |
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I have been reading more and more about them and the things that happen in the shadows, if you what anything to share please do for me and others to read in one place One practice to note is the aptly named shadow banking. Chinese exchanges OKCoin and Huobi were caught secretly borrowing CNY from their depositors and using it to purchase high yielding investments like Chinese debt instruments. You can read more about that here. Arthur Hayes from BitMEX actually speculated they were shadow banks years before evidence came out. WOW! thanks for sharing! I have never seen anything like this. Actually that makes sense how the zero commission exchanges make money, but the scarier question is if this is only the Chinese functioning model or this might be more widespread? |
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I think some trading platforms have made money laundering through reward programs. I am not sure but user information issues are not absolutely guaranteed.
That's huge  who do you think they are achieving this? making fake accounts and rewarding them? or is there something I am missing, what does user information has to do with this? Thanks for posting on my board!! if you have anything interesting to tell I am always happy to learn! |
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What actually do you want to hear, we pretty much talk about all their shady activities, right from their outrageous listing fees to manipulation of trading volumes, decieving traders with fake buy and sell orders and sometimes inside trading.
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Additional with this will lead to the 'pump and dump' activities of some crypto exchanges. Especially when a particular exchange are involve in volume manipulations, it will really lead to 'pump and dump' activities. Thanks for responding, I am learning more and more about it do they use bots to trade with them selfs to give a boost for the volume especially that tacking would be great on zero tax trading exchanges. What other ways would they do this that you are aware of no one talks about? |
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Please convince me why Bitcoin is better then ALTS I would really what to hear your opinion Everyone is welcome |
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I have been reading more and more about them and the things that happen in the shadows, if you what anything to share please do for me and others to read in one place |
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I think you are missing out the best part of the coins are representing. Sure you can get a surge from buying or influx of volume to make it more attractive for newcomers to invest and those elevating the price. But the ultimate value builder is the project itself not the speculation of its assets. This is the best way of investing long term and no speculation can affect it if the team of the project guard from it. The thing you can do is follow projects and test their execution, for example, I have been following a project called Lympo and not only they did everything they say they will, but there is something big coming up. There was a leak like here: http://boards.4channel.org/biz/thread/15515880And there are some serious rumors that something big is coming If you have any more excellent projects to chare please feel free to message me at any time |
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I believe that there are several ways to verify the legitimacy of a project team and some are listed below: 1. Try to convince the team to conduct an AMA via online video conference and ask questions including technical ones that are relevant to the project (If the team don't know what they are talking about especially with development aspects, then we could consider it as a red flag) 2. Research and verify their social media profiles especially on Linkedin and Github profiles - (for core developers) and assess if they are really who they say they are and try to see their previous activity on projects they have worked on. 3. Observe if they have good community management and if they are regularly interacting with the community via social media channels and see if they are always ready to assist on any concerns of the community. (most legit projects often responds to the community's queries mostly in a daily basis and if you didn't get any response to one of your queries, then beware of this project). 4. Observe if they are posting any documentation or pictures of team activities (e.g. attending a crypto conference, symposiums) If none of these has been published, chances are the project is a scam. The thing you can do is follow projects and test their execution, for example, I have been following a project called Lympo and not only they did everything they say they will, but there is something big coming up. There was a leak like here: http://boards.4channel.org/biz/thread/15515880And there are some serious rumors that something big is coming |
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This statement is far different from an ICO or company you buy a portion of their share. For example, a company is regulated and ICO is not, so you lose your money, you can't find it anywhere. If you buy into ICO, you don't know the mind of the project owners which majority are to scam you just as you have read the most thread, the lack of trust in icos anymore. If you are building your investment or company, you know you are genuine about it and you will make it grow but most icos intentionally are to scam, is another business for them. The thing you can do is follow projects and test their execution, for example, I have been following a project called Lympo and not only they did everything they say they will, but there is something big coming up. There was a leak like here: http://boards.4channel.org/biz/thread/15515880And there are some serious rumors that something big is coming |
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The time you spend looking for bounties from coins that might lose value in a heartbeat is so great that your time investment won't probably make it up. But it is better to take notice in some you would actually use for your self, sounds simple but think about it if it's good enough for you to use it daily it might be a sleeper coin ready to lift off. For example, I used Lympo bounty and never regret it as the coin only increases in value, I suggest you check it out as well |
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1000% increased in a week? It means it has been manipulated, you can check it on the exchange it's just wash trading. This is simply a pump and dumps altcoin which will never last in the market circulation because eventually, developers will run after they sold all their holdings. Beware of this kind of altcoin, don't invest in it. This often happens and in my opinion, this is like the manipulation of prices at the exchanger and the next day it will go down by more than 70%, other than that coins with movements like this do not have large and stable liquidity. It's better not to invest in this type of coin because it only harms us. Investment suggestion: there had been some interesting leaks by 4CHAN on one of the altcoins I have been following for some time and it shot up 30% but thats not the case there are some rumors they are going to announce something big in a few weeks time, would keep an eye out for this one  Here is the source link for the leak some very interesting goodies there ) http://boards.4channel.org/biz/thread/15515880 |
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