The Bitcoin Technological Revolution: Which Phase Are We In?

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sampathkumar
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According to Carlotta Perez, author of Technological Revolutions and Financial Capital: The Dynamics of Bubbles and Golden Ages, there have been five technological revolutions: the industrial revolution, age of steam, age of steel, electricity & heavy engineering, age of oil, automobiles & mass production, and age of information & telecommunications. Each technological revolution requires an adequate framework where both financial and production capital play crucial roles on a recurring sequence about every 50 years by new entrepreneurs, risk-takers, and investors. There are two periods in which this technological revolution transpires — installation and deployment.

People will have unprecedented freedom in the next technological revolution.

Today, Bitcoin and blockchain protocols enable a more decentralized financial world, taking what used to be highly complicated transactions and distilling them down to simple clicks. The previous technological revolutions built new technology while relying on an existing financial structure. What makes this period we’re living in so fascinating is the combination of technology AND financial structure.

Is Bitcoin the sixth technological revolution, and if so, which phase are we witnessing? That is the question we will explore together.
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Crypto Trading
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