From Web 3.0 to Web 4.0

Daniel Burrus: Web 1.0 was search.  And Yahoo! brought us that in the early ‘90s.  Web 2.0 is social media, and, of course, that’s exploded. So what’s Web 3.0?  It’s happening faster than Web 1 to Web 2 and because of processing power, bandwidth and storage creating a curve of exponential change.  So web 3 is the 3D web.  And you might be thinking, does that mean 3D glasses like I have on some of the new television sets?  And the answer is no, no, no.  That was an early foray into it.  3D is, first of all, we already have that with video games where you go in to environments in 3D, think Xbox and some of the other video games.  But to have it go internal or stick out at you as 3D in a theater without glasses, already starting to happen on video games.
Because you see with a television set in your living room, there’s a lot of people trying to watch.  That’s why you need the glasses.  But with a phone and with a tablet, 3D has a shorter viewing angle and you don’t need the glasses.  So you’re going to see 3D on phones and tablets coming up very shortly. By the way, another thing that I want you to think about, this is a real game changer, the 3D web browser.  It's three-dimensional.  You can go into inter-spatial places.  You can go into rooms, in to convention centers, in to showrooms.  You can have things stick out at you or go in.  I've already got a prototype I’m testing on my laptop right now. And that is game changing.  So you start - have to start asking yourself, how might I use a 3D web browser, because it's coming faster than you think.  

So what about Web 4.0?  Will that be coming along soon?  And the answer is, oh, yeah.  That’s starting to happen already. Web 4.0 is about intelligence.  It’s about the ultra-intelligent electronic agent.  You will have a personal intelligent agent soon on every device, because it doesn’t matter what device are on, it will recognize you when you get in front of it because all of your devices are getting a little camera.  And with facial recognition, they’ll know it’s you.  So when you get in front of your Internet-connected television, telephone, whatever it might be, your agent will be there.  And you'll determine what your agent will look like, even the personality of your agent.

You'll see agents for kids, agents for professionals, all of these agents.  So what'll it be like?  How will this work?  All right.  You're going to get up in the morning, you're going to go to your device.  And your agent will say "Good morning.  You're flying to Boston today; take a raincoat, it's raining.  By the way, that fight you were taking, it’s already been canceled.  Don't worry about it. There was a mechanical.  I've already booked you on a new one, I'll tell you about on the way to the airport.  But remember you’re going to exercise everyday and I’m here to remind you that you’re going to exercise.”  And you might say, “I don't know if I want to exercise today,” and It'll show you a nude profile of yourself.  And you’ll say, “You know what, I think I'm going to exercise today.”

So then you'll go down and you'll start on the treadmill and it'll be on the television set.  Of course, it knows were there; you’ll turn on the TV set.  It will say, “Would you like to watch CNN?  What would you like to watch?”   And you'll say, “I'd like to watch this channel,” and it'll put it on for you.  And then when you're done, it'll say, “Hey remember, you've got a diet you’re on. I’ll meet you in the kitchen.”  

And because it’s gotten to know you really well, it can give you what you need also, using a little creativity, what you didn't ask for but you should have asked for.  And you’ll find it to be extremely powerful.  I also see that they will be branded versions being sold by trusted providers. You’ll get plug-ins from companies and providers and from doctors and lawyers and all these people that will help you have a trusted source so that there is indeed competition and not just one agent.  

Now let me give you one more on the ultra-intelligent agent, which is coming to us fast.  And that is the screen-less smartphone.  Yeah.  They're going to get a smartphone with no screen at all.  It'll be game changing and it'll be big.  That's a hard trend of certainty.  The soft trend, I don’t know who’s going to make it.  Will it be Apple that'll put out first?  I don’t know?  That’s soft.  Can’t predict that but it will happen and soon.  So what is a smartphone with no screen?  Well it doesn't mean, first of all, that you won't have a smartphone with a screen; after all, we like to see things, we like video, we like to do all these things.  But having a no screen smartphone and an ultra-intelligent agent that is telling us what we are asking for can be very useful, and very small.

As a matter of fact, I could make it look like jewelry, and wear it.  And how would I activate it?  Well think of Star Trek.  I might just touch it.  And you’ll say, “Now, I’m in New York today; I got to get to the Ritz Carlton for a meeting.  How do I get there?”  Well it won’t show me at map; there’s no screen.  But it can say, “Walk a block, turn right.”  In other words, ask a question, you’ll get an answer from an ultra-intelligent agent.  You don’t need a screen all the time.  That'll be a game changer. Disruptive technology is only disruptive if you didn’t look and see it coming, and it is all there for you to see.

Directed / Produced by Jonathan Fowler & Elizabeth Rodd

 

Web 3.0 is emerging faster than Web 1 to Web 2 because of processing power, bandwidth and storage creating a curve of exponential change. And what is Web 4.0? You will have a personal intelligent agent soon on every device.

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In June 2021, El Salvador became the first nation in the world to make bitcoin legal tender. Soon after, President Nayib Bukele instructed a state-owned power company to provide bitcoin mining facilities with cheap, clean energy — harnessed from the country's volcanoes.

The challenge: Bitcoin is a cryptocurrency, a digital form of money and a payment system. Crypto has several advantages over physical dollars and cents — it's incredibly difficult to counterfeit, and transactions are more secure — but it also has a major downside.

Crypto transactions are recorded and new coins are added into circulation through a process called mining.

Crypto mining involves computers solving incredibly difficult mathematical puzzles. It is also incredibly energy-intensive — Cambridge University researchers estimate that bitcoin mining alone consumes more electricity every year than Argentina.

Most of that electricity is generated by carbon-emitting fossil fuels. As it stands, bitcoin mining produces an estimated 36.95 megatons of CO2 annually.

A world first: On June 9, El Salvador became the first nation to make bitcoin legal tender, meaning businesses have to accept it as payment and citizens can use it to pay taxes.

Less than a day later, Bukele tweeted that he'd instructed a state-owned geothermal electric company to put together a plan to provide bitcoin mining facilities with "very cheap, 100% clean, 100% renewable, 0 emissions energy."

Geothermal electricity is produced by capturing heat from the Earth itself. In El Salvador, that heat comes from volcanoes, and an estimated two-thirds of their energy potential is currently untapped.

Why it matters: El Salvador's decision to make bitcoin legal tender could be a win for both the crypto and the nation itself.

"(W)hat it does for bitcoin is further legitimizes its status as a potential reserve asset for sovereign and super sovereign entities," Greg King, CEO of crypto asset management firm Osprey Funds, told CBS News of the legislation.

Meanwhile, El Salvador is one of the poorest nations in North America, and bitcoin miners — the people who own and operate the computers doing the mining — receive bitcoins as a reward for their efforts.

"This is going to evolve fast!"
NAYIB BUKELE

If El Salvador begins operating bitcoin mining facilities powered by clean, cheap geothermal energy, it could become a global hub for mining — and receive a much-needed economic boost in the process.

The next steps: It remains to be seen whether Salvadorans will fully embrace bitcoin — which is notoriously volatile — or continue business-as-usual with the nation's other legal tender, the U.S. dollar.

Only time will tell if Bukele's plan for volcano-powered bitcoin mining facilities comes to fruition, too — but based on the speed of things so far, we won't have to wait long to find out.

Less than three hours after tweeting about the idea, Bukele followed up with another tweet claiming that the nation's geothermal energy company had already dug a new well and was designing a "mining hub" around it.

"This is going to evolve fast!" the president promised.

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