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Author Topic: Can we officially consider Blockchain the new internet?  (Read 495 times)
luigivessota
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June 25, 2019, 03:06:35 PM
 #1

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/

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
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June 25, 2019, 03:10:17 PM
 #2

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.

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June 25, 2019, 03:11:41 PM
 #3

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.
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June 25, 2019, 03:20:43 PM
 #4

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.
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June 25, 2019, 03:28:59 PM
 #5

Don't forget... They are also the next generation of fundraising. STOs and ICOs have also left their mark and are here to stay.
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June 25, 2019, 03:37:33 PM
 #6

Blockchain is the new and better version of web WORKING thanks to the internet. Nothing as big as they internet has been created yet.
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June 25, 2019, 03:41:24 PM
 #7

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.
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June 25, 2019, 03:55:30 PM
 #8

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.

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June 25, 2019, 06:59:42 PM
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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.


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Patentico
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June 26, 2019, 02:32:29 PM
 #10

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.  Shocked
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June 26, 2019, 05:38:53 PM
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 #11

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.


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 Smiley

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June 26, 2019, 08:30:46 PM
 #12

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.

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June 26, 2019, 08:37:08 PM
 #13

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

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June 26, 2019, 08:39:08 PM
Last edit: June 26, 2019, 10:39:16 PM by roosbit
 #14

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.


 

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June 26, 2019, 08:43:35 PM
 #15

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
 


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June 28, 2019, 07:49:46 AM
 #16

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.

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June 30, 2019, 06:39:54 PM
 #17

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.

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July 01, 2019, 12:02:19 AM
 #18

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.
Well this is just wrong, for example people have stored value in gold, fiat, guards, weapons, oil and a fuck ton of things. Don't try and bolster crypto, it doesn't need your words.

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July 01, 2019, 03:11:02 AM
 #19

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.

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July 01, 2019, 03:16:36 AM
 #20

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.

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