Can Bitcoin solve the worlds problem? - page 2.

Elrozaq

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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 can solve the worlds financial, the best payment system, it is digital . very simple and secure. many advantages of the bitcoin. so, its the future currency. I believe it.

Boknoi321

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Quote from: CryptoPsycho on April 29, 2018, 08:51:52 AM

Bitcoin unfortunatly can't solve worlds problem because money is not everything nowadays. Many governments looking for a bright future in other sources like natural resources and new terretories.

The problem in this world is all about money for daily expenses, we can't survive in the community without money because this is the way to buy foods and everything needed everyday. As a human we need to support economy growth and solve the problem like our lack of source of income.

Cutieh01

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Quote from: FurDich on April 29, 2018, 08:25:57 AM

Quote from: fiulpro on April 10, 2018, 10:23:17 AM

Hi!

Well to be honest there are emny problems that bitcoins can solve. Here is the list of the ones that I find most influential:-

1. High transaction fee:-.
No matter what other complain about but now the transaction fee from peer to peer network is reduced to a significant amount when we consider overseas transactions from country to country .
With the acceptance of segWit addresses and wallets the transaction fee is very minimal.

2. It's creating job opportunities
Bitcoins is creating job opportunities for the oneswho are not being able to work from home and get a descent payscale .
Many of them are involved in minning and even a higher level of population is earning though forum and campaigns and that's creating job opportunities for everyone around it that even government is not being able to provide.

3.Its keeping check on the whales and the big business personalities who are in association with banks controlling the people and their money, not always it is beneficial for them, most of the times it's biased .

Actually for me Bitcoin can possibly help to solve our world wide problem specially in terms of financial issues it's because of its higher value of money.

Yes it can, Bitcoin has a lot opportunity for the people to earn profits and numerous job opportunity from it. And it also have the opportunity to the country to boost thier economic. With this it is possible that Bitcoin can solve the worldwide problem.

CryptoPsycho

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Bitcoin unfortunatly can't solve worlds problem because money is not everything nowadays. Many governments looking for a bright future in other sources like natural resources and new terretories.

AbyssLagiaz

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Why not ask yourselves also if our fiat money did anything? Did it help get an access to wealth for the poor people? Poverty. It is the largest economic problem that we'd always known when it comes to economics. It is a bag of struggle before it can even be reduced in large portions. Bitcoin adding to our economy. I can't even see it solving any problems in our world. It just enhances the link of transfers of money. Money gets enhanced by Bitcoin, but Bitcoin in its self can't solve these world problems we're facing whether it could be poverty or even political conflicts.

FurDich

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Quote from: fiulpro on April 10, 2018, 10:23:17 AM

Hi!

Well to be honest there are emny problems that bitcoins can solve. Here is the list of the ones that I find most influential:-

1. High transaction fee:-.
No matter what other complain about but now the transaction fee from peer to peer network is reduced to a significant amount when we consider overseas transactions from country to country .
With the acceptance of segWit addresses and wallets the transaction fee is very minimal.

2. It's creating job opportunities
Bitcoins is creating job opportunities for the oneswho are not being able to work from home and get a descent payscale .
Many of them are involved in minning and even a higher level of population is earning though forum and campaigns and that's creating job opportunities for everyone around it that even government is not being able to provide.

3.Its keeping check on the whales and the big business personalities who are in association with banks controlling the people and their money, not always it is beneficial for them, most of the times it's biased .

Actually for me Bitcoin can possibly help to solve our world wide problem specially in terms of financial issues it's because of its higher value of money.

Bugcoin5

newbie

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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?

YES,bitcoin can solve financial problem in the world there's a lot of opportunity to earn more profit in bitcoin.And also bitcoin acknowledged by major business, investors and governments that bitcoin has the power to enable potentially world-changing financial innovations, fundamental issues are still holding back adoption.

Indra32

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Quote from: ngano ba on April 19, 2018, 03:11:59 AM

Bitcoin it can not denied that it can help some world problems but not the total problems the world faces, in the financial aspects world problems bitcoin might help it , but in order problems like world peace can not be solve by bitcoin.

I think if some of the funds are kept in bitcoin, then it should be a gold fund - this is the main idea. Bitcoin prepares the land to restore gold to world money status.
I'm not sure this can be called a world problem, but bitcoin is able to restore the status of world gold money. Bitcoin was originally created as digital gold.

pantheraio

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I think it could be because bitcoins have full control over their transactions it is not possible for sellers to create unwanted or unnecessary bills as can happen with other payment methods. Payment with Bitcoin can be made without including a personal identifier for the payment process. This provides strong protection from identity thieves. Bitcoin users can also protect their money with backup and encryption.

Maximo1

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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?

We have dozens of global issues facing the world today, is bitcoin can solve the world problems? Yes of course, not all but interms of poverty and economic atleast it can reduce it, im just hoping for the best of btc for continuos development and still can change many lives.

Epimetheus

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Quote from: Creepings on April 10, 2018, 10:49:18 AM

What problem are we talking about? there are a lot of problems in a certain country and if we will be talking about world problem that is way harder than a certain country. As you have said, Bitcoin is just a decentralized digital currency its function do not included any solution of the World's problem but this technology will made our transaction way quicker than the traditional ones.

Directly or indirectly Bitcoin solve many problems of world. In many developing country like Zimbabwe, Kenya, New Zealand etc Bitcoin help to improve their economic and financial growth. In many country Bitcoin help to reduce the unemployment issue and this thing ultimately affects that country economy

. Bitcoin also help to solve many problems in banking sectors. Bitcoin provide their user most secure and safest uninterrupted money transaction facility. And also provide many other advantage to its user,which help them in their banking related problem. Wink

BitProCoin

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World problems are created by people. Why bitcoin needs to correct their mistakes? We create problems ourselves and we have to solve them ourselves. Bitcoin is only a standard of the amount of work.

AntonGrishko

member

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there are too many problems in the world. bitcoin can not break it all by itself. but in the presence of bitcoin, bitcoin helps the world get better, especially in finance.

yslyv

hero member

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bitcoin aims to solve some financial problems in the world. normally financial systems works on some groups benefits. however currencies on blockchain technology aims to provide solutions for simple people providing them an ecosystem without any owner and authority.

Dudeperfect

hero member

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No! Bitcoin is not a magic stick to change the world or solve the global issues. It is just the innovation like fire and it depends on us that how to use that fire. Bitcoin has some more benefits as compared to that of the traditional payment system and if adopted on a global level then it will optimize the way we live and it will not only save the cost but also the fees. We can use the add-on benefits to solve the issues on our level and Bitcoin won't do it on its own.

maculeth

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BountyMarketCap

could be, with a high price with good investment opportunity opportunities, and also fast deals, bitcoin can overcome at least online payment problems around the world.

yurekaa

sr. member

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I think bitcoin can solve problems in the world in the economic field. blockchain technology is very useful for economic system in all countries especially for banking. there are still many mistakes in human financial transactions. so with the existence of blockchain technology is very helpful to minimize human error and system.

mackenzie5

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To my quick point of view my answer will be negative that Bitcoin can't solve the worlds problem it can free us from financial restrictions .Bitcoin can solve some of our problems and help us earn for their living and also helps for those who are unemployed.Bitcoin can also eliminate poverty for example the people of Kenya were having malnutrition for several years and now they have recovered from malnutrition since Bitcoin has helped to eliminate their starvation.

rxplcgna

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There are some economic problems that can be solved by bitcoin, such as cross-border transfers. Bitcoin can also promote cooperation among different industries. Bitcoin has great potential in education and entertainment.

Johnny Lgz

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What kind of world problem you want to know!? Huh

When it come to solving poverty then yes a little, it will help some people gain to improve their daily lives.

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