Can Bitcoin solve the worlds problem? - page 18.

Predator25

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Quote from: Arlette Foxsparkle on April 10, 2018, 09:06:46 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 will not literally solve the worlds problem, maybe bitcoin can reduce the number of it. Poverty and unemployment is one of the worlds problem that cannot be solve immendiately because of not enough budget for them. And I think if bitcoin is legalized and accepted in our country then those problem will be reduces.

Xising

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Quote from: Arlette Foxsparkle on April 10, 2018, 09:06:46 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?

Well, if you're are talking about the world problems in the business and financial sector foremost, then I say that it can be a tool to solve them. And if it would really help in enriching countries and economies of different nations, then all other problems that can be answered with an increased finances would follow suit, and most of the time, lack of money is always one of those major problems that countries have that hinders their continued rise. So, indirectly speaking, Bitcoin has all the capacity to be able to help solve world problems.

torch2121

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I think that is hard if its worlds problem that it will solve. For me what I'm seeing is, Bitcoin is giving us opportunity. Opportunity for jobless people who seek job and having the job in the comfort on our home. Having the opportunity to have our own bank, I mean is people who does not have the capability to apply in bank to have their own bank account. Then low fees, I'm referring is for overseas Filipino workers to use Bitcoin for sending money. Having a reliable, fast, and secure transaction. Payment option for our bills.

Maybe I should say is few problems of the world.

beej

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The worlds problems are bigger than bitcoins, It's not just the financial aspect or
employment sector were talking about when you denote the worlds problem. Famine,
terrorism, pollution, over population and global warming.. How does bitcoin come
in the picture? It's a bit absurd, bitcoin might ease a section and offer a lasting
option and opportunity in the financial problem. But when you apply it to the global
crisis of things, the magnitude of our world's problem alone cannot be undone with
an innovation as promising and successful as Bitcoins. It's gonna take more than
that and time is of the essence. Bitcoin is a well known currency and it's doing good
by itself over the years, making an impact from here to there. It's a working solution
that might make a difference soon.

fullhdpixel

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Quote from: East2011 on April 10, 2018, 11:21:26 AM

There are so many different problems in this world. And bitcoin cannot solve it on its own. All nations should help each other in solving the problem.

GDP decreases with decrease in opportunities and increase with expenses. If a;; the countries start using Bitcoin as using by Japan and some other countries have good GDP rate due to the use of Bitcoin. Bitcoin also help people in solving their problems like the ATM is not working and out of order.

So by preventing yourself from these odds you must enter into crypto world and use Bitcoin transaction for sending amount that will not cost a lot like banks. People by 2050 will have adopted Bitcoin as single currency.

Batang Hambog

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Quote from: Arlette Foxsparkle on April 10, 2018, 09:06:46 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 will not literally solve the world problem because bitcoin itself has a big problem. But I think it will only lessen the economy's problem. Bitcoin is a good investment and a job for every people around the world. Btc help them to reach their dream even they didn't expecting it. And it is the opportunity for every person.

kier010

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for me no. we are born imperfect and it is part of human nature. even in our government there is a corrupt officials so how can it solve its own country problems. rich becomes rich and poor becomes poor. some/many won't sacrifice their selves for others they even take opportunity of others and exploit them. at least bitcoin can help a portion in the economic needs.

Hopeful2017

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Quote from: Arlette Foxsparkle on April 10, 2018, 09:06:46 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?

There are many problems of the world. The main ones are hunger, poverty, unemployment, education, health, and many more. Bitcoin is just a cryptocurrency and it is not involve in any thing like solving those problems. Government must solve these problems.

alizalela7

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Venezuela is one of the worst economies in the world. Here in 2016 there is a time of hyperinflation of up to 700%, the country is in debt. The currency of the country at the time of peak inflation is losing half its value. At that time the government was forced to announce the removal of the country's largest denomination. In a country that is in a state like Venezuela, Bitcoin is considered the top solution. From there, bitcoin can be used to solve the world's currency problem in the other direction

websoftwareengineer

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Quote from: Arlette Foxsparkle on April 10, 2018, 09:06:46 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 believe that you can cover problems by throwing money on it such as political problems and poverty, the only problem in the industry and governments is that, there are a lot of corrupted government members who are stealing money from the community.

shawn995

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I want ask you first that What do you mean by world issue? Would you be able to be more particular? On the off chance that it's monetary related issues, at that point utilizing digital currencies can help in a route with that yet other than that, its absolutely impossible bitcoin can take care of world issues. That rationale is the place individuals aren't right about, they consider bitcoin a hero to all issues that the nation is confronting a direct result of the advantages we get in it yet in the event that you take a gander at the master plan it's definitely not. Not all can access and utilize digital currencies and not all know about it in any case.

omonuyak

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The peer to peer nature of bitcoin and cryptocurrencies has make business transactions easy and this also create trust among humanity. The world is going through hard financial issues and the thirdparty involvement on transactions has not resolved this problem therefore bitcoin can resolve the world financial problems if it can be adopted by our governments and financial institutions. The unemployment rate is high and bitcoin has created Jobs for some of us here.

MainIbem

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The world's problems are beyond finance. Bitcoin is doing it's bit of faster peer to peer decentralized payment system.

Rajamuda

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I think it depends on its development and among many people, if it's continuously supported and more directed to the things that are more build from the side of life (not destructive).. certainly no doubt it will be more useful and overcome the various constraints/problems of the world especially in the world of finance/economy, with its technology it is.

whirlcoin

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Quote from: Arlette Foxsparkle on April 10, 2018, 09:06:46 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 didn't understand what you are denoting the world's problems means,but it is a currency can help the early investors to get more benefits but it can't solve any problems of governments or people.

arthur25

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First I would like to say that the world problems is not just simple. There are part that it is all about country's friendship, politics corruption, wars, poverty, garbage, pollution, population. I think with regard on these bitcoin could not solve the world problems. Maybe if it is all about economic it could be.

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Quote from: GTRr35 on April 10, 2018, 09:45:22 AM

In some cases I think Bitcoin can help to reduce it but I think bitcoin alone is not the solution for the world's problem. They have a lot of problem of world to be addressed not just money issue or financial crisis, yes it will help but the solution is not in the hand of Bitcoin but those people in government position that empower the laws and regulations of every country and they have right and authorized to the solution, and also the people who inside their premise.

Your exactly right, bitcoin alone cant solve world problems. Probably one of the solution specially this generation people always depend technology and want is instant in everything. Not just in government officials can solve the problem. What I believe that every citizen in every country is also a contributor for solving world problem.

speem28

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What do you mean by world problem? Can you be more specific? If it's economic related problems, then using cryptocurrencies can help in a way with that but other than that, there's no way bitcoin can solve world problems. That logic is where people are wrong about, they think of bitcoin as a savior to all problems that the country is facing because of the benefits we get in it but if you look at the bigger picture it's not. Not all can access and use cryptocurrencies and not all are aware of it in the first place.

frankybutterin

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“Blockchain Just Entered The Real World”

what problem do you mean? the world has many problems ranging from economic problems, global warming to war between countries. i think bitcoin can not solve the world economic problem or even economic problem in one country that big thing. according to me currently bitcoin only able provide solutions for any individuals or companies that participate and have bitcoins as they earn extra income from bitcoin.bitcoin solve their economic problems and provide financial freedom.

KuromaYoichi

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No it can't, the technology behind bitcoin is great and can change a lot of things but it's not powerful enough to solve the world problems. It can make a lot of things easier and more transparent but it can solve complex things like poverty and etc. Bitcoin and blockchain give people opportunity to make their life better but it's up to the person to take it or not.

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