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Or it will be the best thing the cryptic world can ever experience or a farce in the name of the best thing the world has ever experienced.
It is virtually the discussion of virtual reality (VR), a technology that allows humans to experience an immersive illusion of being somewhere else. Many Hollywood hits, including The Matrix and the latest Ready Player One, have attempted to illustrate how the next generations of VR technology could be. In these films, the protagonists lived in a world created by marvelous objects – and almost paranormal. They had a job (even if it was about kidnapping a key maker), expensive Ferraris and even a bae to hang out with.
Far from science fiction, engineers meanwhile are exploring real-time use cases based on virtual reality. The technology is promised to gamers, with the influx of high-speed games launched by Play Station and Xbox. In addition to this, the possibilities to remove the intermediate layer of keyboards and e-mails and to use the avatars to transmit information on the workplace are explored.
It could be one reason why Brian Armstrong, co-founder of one of Coinbase's largest encryption exchanges, believes virtual reality can become a tool to expand virtual payment technologies. They could allow participants to earn virtual money that they can bring into the real world and spend it like any other legal money.
"The reason is simple," explains Armstrong. "When people make transactions in virtual worlds, it makes no sense to use the currency of a country People from all over the world will gather in these virtual spaces and it would be exclusive (or perhaps even rude) to use the currency of a country in a world In addition, the digital currency will create an incentive for people to spend more time in these worlds (where they can earn "real money") by creating a virtuous circle for companies that build these worlds ".
Bitcoin in a VR world
Armstrong was referring to the copper coins of the movie Ready Player One. These coins were a form of treasure or reward that a character would receive within the OASIS, a world of virtual reality. Players used a bag of property to keep these coins.
The developers of these virtual worlds could create their centralized digital currency or use an existing decentralized currency like Bitcoin or Ethereum, suggested Armstrong. He also imagined how people would start spending more time in the VR world to earn a passive income, especially when it will be usable in the real world.
"Customers of these products can take the money they generate in the virtual world and convert them into traditional money to pay bills in real life.This will help take virtual reality from a hobby or entertainment to a full-time job or a style of life, "explained Armstrong.
While the theory itself seems like science fiction, it is still very interesting from a technological point of view. Who knows, no one would ever need to go to the office because he wears a headset and checks every random task through an avatar.
