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Author Topic: Is Bitcoin preparing us for the fourth Industrial revolution?  (Read 600 times)
Emerate (OP)
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October 11, 2018, 09:21:36 PM
 #1

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?

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October 11, 2018, 09:28:03 PM
 #2

Bitcoin specifically is not part of the 4th industrial revolution. Blockchain
technology is only one of many elements contributing to the revolution.

"The Fourth Industrial Revolution builds on the Digital Revolution, representing
new ways in which technology becomes embedded within societies and even
the human body.[10] The Fourth Industrial Revolution is marked by emerging
technology breakthroughs in a number of fields, including robotics, artificial
intelligence, nanotechnology, quantum computing, biotechnology,
The Internet of Things (IoT), 3D printing and autonomous vehicles."

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

 

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October 12, 2018, 03:15:02 AM
 #3

Digitization of services and invention of technologies that we have right now, IMO, prepared us for the fourth industrial revolution. While the blockchain tech and the advent of bitcoin is groundbreaking and remarkable, it isn't the only one that will push this change of phase. There are other things more important than the blockchain that could help us change the olden ways and innovate, making a lot of things easier to handle and lesser effort is required to produce maximum output.

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. This is way more important than having fintech services embedded in a blockchain since it will help the general population and combat starvation if done correctly.

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October 12, 2018, 03:41:27 AM
 #4

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.
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October 12, 2018, 03:51:31 AM
 #5

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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October 12, 2018, 04:06:12 AM
 #6

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.

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October 12, 2018, 09:12:00 AM
 #7

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.

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October 12, 2018, 09:43:32 AM
 #8

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.
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October 12, 2018, 10:31:59 AM
 #9

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!

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October 12, 2018, 10:52:29 AM
 #10

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. 

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.

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October 12, 2018, 12:14:25 PM
 #11

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.
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October 12, 2018, 01:04:52 PM
 #12

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

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October 12, 2018, 01:33:13 PM
 #13

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.


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October 12, 2018, 02:51:41 PM
 #14

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).

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October 12, 2018, 03:10:53 PM
 #15

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.
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October 12, 2018, 04:58:17 PM
 #16

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.

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charlotte04
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October 12, 2018, 06:41:02 PM
 #17

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.
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October 12, 2018, 07:17:24 PM
 #18

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.

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October 12, 2018, 07:44:38 PM
 #19

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.
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October 12, 2018, 07:52:10 PM
 #20

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.

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