Can Bitcoin solve the worlds problem? - page 15.

bettercrypto

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Quote from: Arlette Foxsparkle on April 10, 2018, 10:06:46 AM

Hello everyone!

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?

Even the science can't solve the problems of the world, what more about in bitcoin?
I think however bitcoin is good in our economy, it can't solve the greates problem of humanity. The problems of the people is poverty. Poverty that tends to death, criminalities and under developing society. The unlimited wants and needs of the people to the scarce resources are the problem of our era. Hence, bitcoin is helpful for some but not in all. We expect that no one in this world can change or solve the problem of humanity.

ASHLIUSZ

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Quote from: chaoscoinz on April 13, 2018, 06:04:47 PM

No, Bitcoin, as well as any other crypto coins are just mediums of exchange. The worlds problems vary greatly, but as far as adopting new tech to solve old financial crisis problems, certainly! The blockchain could be seen as a fintech savior but also a disruptor. The blockchain is a simple to understand concept, but it complicates the rules of modern day establishment, due to its decentralized nature.
Not only are the ledgers digital, but also decentralized. For parliament to adopt such as change, will not come overnight. Give it some time, the tech will evolve, and solve many more problems in the finance/business sectors. Innovation isn't always welcome with open arms.

As in the quote these were a medium of exchange. In specific bitcoin state of proof which is all about the financial transactions. When it comes to ethereum, the platform is developed in such a manner that it can be deployed upon the usage. The usage can be of transaction oriented, service oriented or something else. In this regard the technology makes the functioning effective, and that doesn't mean every problem around the world gets solved.

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No, Bitcoin, as well as any other crypto coins are just mediums of exchange. The worlds problems vary greatly, but as far as adopting new tech to solve old financial crisis problems, certainly! The blockchain could be seen as a fintech savior but also a disruptor. The blockchain is a simple to understand concept, but it complicates the rules of modern day establishment, due to its decentralized nature.
Not only are the ledgers digital, but also decentralized. For parliament to adopt such as change, will not come overnight. Give it some time, the tech will evolve, and solve many more problems in the finance/business sectors. Innovation isn't always welcome with open arms.

adzino

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You haven't specified what kind of world problems you are talking about. Anyways, I don't think it will solve any kind of existing problem, but will rather be able to minimize those problem or somewhat tame it. Though we might end up with new problems and issue rising due to bitcoin being used as a mainstream currency.

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Quote from: Arlette Foxsparkle on April 10, 2018, 10:06:46 AM

Can Bitcoin solve the worlds problem?

There are too many problems that are existing that the world is facing today and there is only certain help that bitcoin can do. Bitcoin isn't responsible for solving all of those problems but we can guarantee that it can help to sustain some financial matters and transactions that are digital.

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Quote from: Codename23 on April 13, 2018, 11:41:17 AM

Maybe it can in some ways. Because bitcoin become the source of some people and because of it, the numbers of rich people increase that will help the economy of a certain country. And if the economy increased it will help the country, big time.

The main thing is that the crypto currency is not used for criminal purposes. It has been repeatedly said that with the help of the crypto currency, various criminal organizations can be sponsored. Or maybe the sale of drugs and weapons. I think that all these opportunities will be thwarted by special law enforcement agencies.

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Quote from: goribert on April 12, 2018, 04:58:06 PM

In reality Satoshi Nakamoto's ideals were not so great as to seek a solution to the planetary problems. He only focused on the economic aspect of the present and in that direction efforts have been focused on implementing bitcoin as an alternative to today's centralized financial system.

Many have speculated about the possibilities of bitcoin to fight poverty, hunger or unemployment, but I believe that these areas are only different angles of the same problem: the unjust distribution of wealth at present and perhaps the answer is not entirely in bitcoin, but in the minds of human beings. Bitcoin is nothing more than a vehicle, an instrument for the achievement of those ideals.

The distribution of wealth is only unfair if people got that wealth through illegal means or by somehow cheating the system, those who got their wealth in a fair way following the rules of the system by just being more productive or being smarter then they deserve the wealth they got, this is why I have always thought that those problems are impossible to solve and bitcoin is not going to help much in the process of solving them

kimochidesh

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Quote from: Arlette Foxsparkle on April 10, 2018, 10:06:46 AM

Hello everyone!

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?

I don’t know what problems you are expecting Bitcoin to solve. But yes, Bitcoin can solve some of the problems like it eliminates the intermediaries which reduce the cost of transactions. It acts as a store of wealth for people. It is solving many financial problems in this way. Bitcoin offers transparency while staying anonymous. So there is no risk of hacking or breach of data privacy.

Codename23

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Maybe it can in some ways. Because bitcoin become the source of some people and because of it, the numbers of rich people increase that will help the economy of a certain country. And if the economy increased it will help the country, big time.

butlar44

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Yes, bitcoin can solve world problems. It can a source of income for a lot of unemployed people.

Shanmatthew

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Not impossible, just highly improvable. I think it is possible to happen, if bitcoin returns to how it is in the past. It will also be possible if everyone will have the chance to get access to bitcoin and will be able to provide more opportunities to each users

ACVinegar

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I don't think so, even how expensive the value of bitcoin they can't solve the problem of whole world. Even how many unemployed give job by bitcoin community they are not enough to solve the problems of the whole world. Because there's a lot of people who wants to have a lot of power, due to selfishness of individuals they wants to be the one. The one who control all the things, like a GOD that's why there's a lot of war in every country because they cannot get their wants, all people have no contentment that's why even bitcoin cannot solve the problem of the whole world even what things we have they cannot solve it with our own.

djselery

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The world's problems are very complicated, and diversified, not all of them are essetially linked to money and currencies, so of course Bitcoin can't solve all this problems. But it is sure that Bitcoin can solve so many financial problems for many people around the world, because it is already helping many poor and unemlpoyed people to earn an income online.

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Quote from: Arlette Foxsparkle on April 10, 2018, 10:06:46 AM

Hello everyone!

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?

It may be that through bitcoin we could have another source of income but not all problems in this world could be resolved by bitcoin. If btc will continue its popularity and eventually would be accepted in all countries, it may help solve some other issues of the world just like economy and finance. It could also make transactions more faster and easier digitally.

Memminger

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Quote from: Arlette Foxsparkle on April 10, 2018, 10:06:46 AM

Hello everyone!

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?

Bitcoin can be the back up of all expenses. Its use is highly applicable to anything that involves money but the problem is...in this world, the problem isn't only the people but the environment. The capability of bitcoin isn't enough to change & solve the world's problems.

mOgliE

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Hi,

No, of course bitcoin is not a miracle solution to all the issues we are currently facing!

We are not going to solve global warming, ever-lasting wars or diseases just by using it.

Though, what is interesting with the bitcoin, is that it offers an alternate economic system, allowing people willing to use it to get rid of any control authority (governments and banks). This is interesting because it may allow us, in the end, to finally understand that stakeholders are not "angels", as we are told at school.

Falmera

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Quote from: Arlette Foxsparkle on April 10, 2018, 10:06:46 AM

Hello everyone!

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?

I think bitcoin does help a lot of us. From being financially free to employment of the jobless. People who are already rich and those who wants to be rich are all here helping one another. In my case, I want to give my gratitude to the one inventing this one, Satoshi Nakamoto, for he help a lot of people as well as me.

Semaj123

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Quote from: Ewox on April 13, 2018, 09:58:50 AM

My answer to your question is no, bitcoin or any other cryptocurrencies created or will be created can solve the worlds problem. Mainly because the worlds problem doesn’t just involve money itself but the person creating the problem, he/she is the only person who can solve their problem.

Definitely, I somehow agree with you it is because problem can't be solved easily. Especially in countries wherein corruption is very rampant and Bitcoin can't handle with that kind of situation. Maybe, crypto helps us to our financial needs but when it comes to our community, I think is just another issue which only the government can solve the problem.

Babyrica0226

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Quote from: Arlette Foxsparkle on April 10, 2018, 10:06:46 AM

Hello everyone!

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?

In so many ways bitcoin can give a solutions to anyone here on earth in different countries. Like to all jobless people, building business, can give financial freedom, sending money in the entire world and others.

Flayme

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Quote from: Arlette Foxsparkle on April 10, 2018, 10:06:46 AM

Hello everyone!

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?

Probably it is impossible to solve th worlds problem with bitcoin but I think it reduce the world problems. There's so many reasons if why our world full problem. Corruption is greatest problem of the world that tends to poverty. It is difficult to solve because poverty is a general issue of all countries around the world. And poverty is one of the reasons why crimes, drugs are also appeared. But I think bitcoin can helps people them opportunities to reduce those kind of problems.

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