Was talking with my gf who has diabetes type 1. The main reason it hasn't been cured is because maintenance drugs make more money than cures. A lone doctor recently came up with a stem cell cure, but it will take a long time to come to market. A trillion dollar industry was not incentivised to put money into a cure - yet one doctor could do it. How does Bitcoin solve this incentive? Or can it?
I don't know where you heard or who told you that bitcoin fixes everything. In fact it hasn't fixed anything. It only made things better and easier, but do has some lacking of its own. I find it funny when people try to reason or solve literally all problems with bitcoin. Don't know what made you think that bitcoin can help fix the "big pharma" problem. It can't. But maybe yeah, that "lone doctor" could share his wallet address publicly and tell people to donate so he can continue with his research? 
Topic: Bitcoin fixes everything - how does it fix Pharma? - page 2. (Read 234 times)
I feel sorry for your girlfriend. I hope she'll eventually be cured of her illness.
Bitcoin doesn't fix everything. While some die-hard Bitcoin fans like to portray Bitcoin as the cure-all technology, it doesn't need a genius to realize its absurdity. It's all exaggeration. Bitcoin is no silver bullet. As a matter of fact, quite frankly, if Bitcoin suddenly dies today, the world would go on as usual as if nothing has changed. That's how insignificant Bitcoin actually is to the world. Although to a few of us, it's a great loss.
Bitcoin doesn't fix everything. While some die-hard Bitcoin fans like to portray Bitcoin as the cure-all technology, it doesn't need a genius to realize its absurdity. It's all exaggeration. Bitcoin is no silver bullet. As a matter of fact, quite frankly, if Bitcoin suddenly dies today, the world would go on as usual as if nothing has changed. That's how insignificant Bitcoin actually is to the world. Although to a few of us, it's a great loss.
Bitcoin doesn't fix everything, its not a magic at all. Stop learning from the Bitcoin Maxis at Twitter and start reading the actual whitepaper which satoshi wrote.
Whitepaper : http://www.bitcoin.org/bitcoin.pdf
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
People are understanding different things about Bitcoin which it was never invented for.
Good Luck, hope you cut the chain of misinformation.
Whitepaper : http://www.bitcoin.org/bitcoin.pdf
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
People are understanding different things about Bitcoin which it was never invented for.
Good Luck, hope you cut the chain of misinformation.
Of course Bitcoin can't fix it. Only insane fanatics who grasp at straws to find a reason why Bitcoin should go up and up think that Bitcoin fixes everything. Bitcoin is just a payment method. It can only fix problems that are related to payment methods - like getting money from Person A to Person B with minimal friction and no obstructions from the government or other third parties. Clearly the problems with drug industry has nothing to do with financial transactions, so Bitcoin can't offer anything here.
This is jow the application of where and what you wanted to use bitcoin for, unlike other assets or form of currencies like fiat, bitcoin has more applicable use to provide solution to the economic needs of the people. The first one is as a currency, when you have bitcoin as your digital currency then it can be easily utilized to make payment and perform transactions with, secondly as an investment asset, bitcoin is a good source of an investment that could yield profitability over time and increase in value, thirdly as well, the blockchain technology in which bitcoin operates with can be use by the pharma industry among ither to safe keep there data and valuable information assets where it is decentralized, private and immutable on the public distributed ledger, all about bitcoin and the atmosphere of it operations are to give human the very best comfort we could ever seek after in finance and life entirely.
Was talking with my gf who has diabetes type 1. The main reason it hasn't been cured is because maintenance drugs make more money than cures. A lone doctor recently came up with a stem cell cure, but it will take a long time to come to market. A trillion dollar industry was not incentivised to put money into a cure - yet one doctor could do it. How does Bitcoin solve this incentive? Or can it?
Jump to: