Digital currencies to solve problems

bitcoinsatan

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Bitcoin can help win the highly publicised "War on Cash" that everyone in the world today can't stop talking about:

https://www.google.com/search?client=ubuntu&channel=fs&q=war+on+cash&ie=utf-8&oe=utf-8

Bitcoin can win this war if they really want it to be won, therefore, they don't really want to win the war on ~~terr~~, I mean ~~jobs~~, I mean ~~drugs~~, I mean cash, which must be eliminated because of all the counterfeiting, and crime that occurs with the world's only anonymous unit of trade.

The war on cash must be won at all costs, and transparent bitcoin is our secret weapon!

Djisamsoe

full member

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Quote from: USB-S on November 20, 2015, 12:53:09 PM

Quote from: makcik on November 20, 2015, 11:26:42 AM

Digital currencies have now been around here with us for quite a little long time. For some, it's an old thing, for some it's a whole new scenario. Now, as per my opinion digital currencies have solved our numerous problems. They've given us advantages in plenty amount.
(1) They solve problems of theft and stealing, (ransom and kidnapping may exist though)
(2) They have made transactions possible from distance and quicker than ever!
(3) They provide you more secure wallets. (Your leather wallet in pocket can be taken out easily by someone, not in case of digital currency.

The security issue is actually pretty big in bitcoin. If you keep your wallet on your computer, and there is a rat on there then you're pretty much fucked before you even start. However offline wallets are available, but that investment would be too much for some people.

As for bitcoin solving problems. Yes math problems, they are the hardest earth has ever seen.

And here I have to agree.

The question arises whether Bitcoin is for everyone?

People with experience in IT make mistakes in securing wallet.
People who do not have a computer-related education have practically no chance to protect from thieves.

Cryptocurrencies become popular if they are created tools to safely operate them.

USB-S

sr. member

Activity: 574

Merit: 250

In XEM we trust

Quote from: makcik on November 20, 2015, 11:26:42 AM

Digital currencies have now been around here with us for quite a little long time. For some, it's an old thing, for some it's a whole new scenario. Now, as per my opinion digital currencies have solved our numerous problems. They've given us advantages in plenty amount.
(1) They solve problems of theft and stealing, (ransom and kidnapping may exist though)
(2) They have made transactions possible from distance and quicker than ever!
(3) They provide you more secure wallets. (Your leather wallet in pocket can be taken out easily by someone, not in case of digital currency.

The security issue is actually pretty big in bitcoin. If you keep your wallet on your computer, and there is a rat on there then you're pretty much fucked before you even start. However offline wallets are available, but that investment would be too much for some people.

As for bitcoin solving problems. Yes math problems, they are the hardest earth has ever seen.

sartorpc

sr. member

Activity: 300

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It has good and bad things, but overall, it is better than any currency, except it needs to be more recognized yet.

~Bitcoin~

legendary

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Merit: 1000

Most usefull one is Privacy. Paying/buying anonymous especially digital goods is what all modern internet buyers want. Digital currency to be more exact cryptocurrency can make sure to save the peoples privacy.

makcik

full member

Activity: 140

Merit: 100

Digital currencies have now been around here with us for quite a little long time. For some, it's an old thing, for some it's a whole new scenario. Now, as per my opinion digital currencies have solved our numerous problems. They've given us advantages in plenty amount.
(1) They solve problems of theft and stealing, (ransom and kidnapping may exist though)
(2) They have made transactions possible from distance and quicker than ever!
(3) They provide you more secure wallets. (Your leather wallet in pocket can be taken out easily by someone, not in case of digital currency.

Ahmad Farid

newbie

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Merit: 0

With bitcoin, business transactions abroad became easier

yoona

sr. member

Activity: 493

Merit: 250

Live by your own rules

Digital currency solve a huge fee problem per transaction.

But Fast movement of bitcoin price be itself problem, when fiat have a stable price.

n2004al

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Quote from: davinchi on October 30, 2015, 11:14:47 AM

Quote from: Kevin77 on October 29, 2015, 11:38:04 PM

Quote from: Q7 on October 14, 2015, 02:24:38 AM

Money remittance is where we should focus on. I think this is an area where bitcoin has the advantage but we never fully utilize or capitalize on it. Imagine having the fund reached the other party almost instantly and with the low fee. For an annual 50 billion market worth, half of that amount would easily change everything.

Yes in this digital world, we focus for instant things usually. So, digital currencies are inevitable to make changes in our conventional financial world. Digital currencies will find boom everywhere as now a days people uses digital things almost everywhere.

Yes bitcoin focus for instant low cost transaction in this fast world. Bitcoin is created to solve many financial problems like trust-less environment to store your hard earned wealth into a secured format. Bitcoin would be the future world money.

Cannot be possible. For to many reasons. If with the words "future world money" you mean to be used as a only currency of the world in every country. This, according to me, is totally impossible. Cannot be replaced every national currency with bitcoin. First of all because bitcoin is limited in amount and the economies need every year new money (if verified growth). But even with the today value of the overall amount of overall national currencies I think that bitcoin cannot be able to replace those. Its market capital must be much more lower than the overall capital market of all the national currencies. To not mention the impossibility to make national monetary policies and that cannot exist a national currency which cannot be owned by the given country.

If with "future world money" you mean the use of it in addition with all the national currencies but with much more spread, value and market this is the hope of everyone of us here in bitcointalk. And naturally that this is ok even for me.

Xenoph0bia

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Activity: 966

Merit: 501

Quote from: davinchi on October 30, 2015, 11:14:47 AM

Quote from: Kevin77 on October 29, 2015, 11:38:04 PM

Quote from: Q7 on October 14, 2015, 02:24:38 AM

Money remittance is where we should focus on. I think this is an area where bitcoin has the advantage but we never fully utilize or capitalize on it. Imagine having the fund reached the other party almost instantly and with the low fee. For an annual 50 billion market worth, half of that amount would easily change everything.

Yes in this digital world, we focus for instant things usually. So, digital currencies are inevitable to make changes in our conventional financial world. Digital currencies will find boom everywhere as now a days people uses digital things almost everywhere.

Yes bitcoin focus for instant low cost transaction in this fast world. Bitcoin is created to solve many financial problems like trust-less environment to store your hard earned wealth into a secured format. Bitcoin would be the future world money.

Agreed with all of you, more and more people are using the digital products. There is constant increase in the user of digital currency, I really believe that in future traditional money will be replaced by digital money because such unique qualities and advantages.

AtheistAKASaneBrain

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Activity: 770

Merit: 509

Quote from: Kprawn on October 30, 2015, 11:09:46 AM

I think keeping land titles on the blockchain would help with some corrupt practices going on in that area --> http://bravenewcoin.com/news/factom-tackles-land-title-disputes-with-bitcoins-blockchain/

The other thing will be Smart contracts .... See this for more information --> https://en.wikipedia.org/wiki/Smart_contract

The best problem it solved for me... Cheapest global micro transactions of all payment methods out there. Grin

Keeping land on the blockchain sounds good, but let's not forget here a basic fact, it would need to be recognized by the goverment at the fullest extent, because ultimately, the goverment has the power to send police on your land if someone tries to steal it... so I don't understand how the anti goverment full anarchist guys would deal with this.

davinchi

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Quote from: Kevin77 on October 29, 2015, 11:38:04 PM

Quote from: Q7 on October 14, 2015, 02:24:38 AM

Money remittance is where we should focus on. I think this is an area where bitcoin has the advantage but we never fully utilize or capitalize on it. Imagine having the fund reached the other party almost instantly and with the low fee. For an annual 50 billion market worth, half of that amount would easily change everything.

Yes in this digital world, we focus for instant things usually. So, digital currencies are inevitable to make changes in our conventional financial world. Digital currencies will find boom everywhere as now a days people uses digital things almost everywhere.

Yes bitcoin focus for instant low cost transaction in this fast world. Bitcoin is created to solve many financial problems like trust-less environment to store your hard earned wealth into a secured format. Bitcoin would be the future world money.

Kprawn

legendary

Activity: 1904

Merit: 1074

I think keeping land titles on the blockchain would help with some corrupt practices going on in that area --> http://bravenewcoin.com/news/factom-tackles-land-title-disputes-with-bitcoins-blockchain/

The other thing will be Smart contracts .... See this for more information --> https://en.wikipedia.org/wiki/Smart_contract

The best problem it solved for me... Cheapest global micro transactions of all payment methods out there. Grin

ATguy

sr. member

Activity: 423

Merit: 250

The best problem Bitcoin solves is it is first currency with public ledger everyone can check. No fiat currency allows this. In future people might assign:

currency with public ledger = trusted
currency without public ledger = probably shaddy

A long way to get there though, as people are taught to just use fiat money without much thinking whether it is best option.

maokoto

hero member

Activity: 770

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✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Solves the problem of individuals transferring money from one side of the world to another without any other person mediating in that transaction.

Solves the problem of having to hold a bank account with detailed personal info. If you are an alien in a foreign country, you probably cannot have it (your id is not accepted etc.) but you only need a computer connected to the internet to hold bitcoin.

countryfree

legendary

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Your country may be your worst enemy

What problems? Digital currencies only make things easier. When it comes to remittance, which is the example here, BTC is a faster and cheaper way to exchange money between people far from each other. That's it. If the problem was the high cost of a service like Western Union, OK, the problem is solved, but it was a small one.

Kevin77

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Quote from: Q7 on October 14, 2015, 02:24:38 AM

Money remittance is where we should focus on. I think this is an area where bitcoin has the advantage but we never fully utilize or capitalize on it. Imagine having the fund reached the other party almost instantly and with the low fee. For an annual 50 billion market worth, half of that amount would easily change everything.

Yes in this digital world, we focus for instant things usually. So, digital currencies are inevitable to make changes in our conventional financial world. Digital currencies will find boom everywhere as now a days people uses digital things almost everywhere.

oozecoin

newbie

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Quote from: RealBitcoin on October 12, 2015, 07:13:14 AM

Quote from: OmegaStarScream on October 12, 2015, 05:53:55 AM

It solves many issues and here is one of them :

http://cointelegraph.com/storage/uploads/view/771e9c7a39ec020f70a1c83102146111.png

Brilliant

That needs to be a meme, I totally see bitcoin becoming the main international transaction vehicle, replacing essentially the dollar

2025, and bitcoin could be a de-facto reserve currency of EARTH!

This really is great.. I hate.. HATE western Union.

Xagon6

newbie

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Merit: 0

The Blockchain itself is paving the way for an entirely new technology sector of autonomous agents, application and corporations.

So in short, the Blockchain is going to solve an entire plethora of problems including financial inequality

RKing

newbie

Activity: 56

Merit: 0

With digital currency, you are your own bank. You can send money using the bitcoin network. You do not need the permission from a bank.

Topic: Digital currencies to solve problems (Read 2785 times)