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Topic: Digital currencies to solve problems - page 2. (Read 2782 times)

newbie
Activity: 31
Merit: 0
October 15, 2015, 05:14:52 PM
#29
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. 

Totally agreeable, this is a big benefit to especially migrant workers from abroad who often send money several times within one year; a lot of services available charge up to typically 10% or so of the transferred amount as commission. There have been cases in which people have been misled to trust organizations that either overcharge or just have their money taken away. I think this is something that they can trust highly knowing that their money can safely and quickly reach their families.
newbie
Activity: 56
Merit: 0
October 14, 2015, 05:03:42 AM
#28
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. 

good idea.
legendary
Activity: 1134
Merit: 1000
October 14, 2015, 03:13:52 AM
#27
Hey guys, what type of problems do you think the use of digital currencies could help to solve?

Check the following article:
http://bravenewcoin.com/news/de-banking-is-spreading-commonwealth-investigates-using-digital-currencies-to-solve-problems/

According to article: "The discussion quickly focused on the use of digital currencies for remittances, a classic scenario that highlights bitcoin as a cost-effective alternative to current international money transfer channels." So the discussion were only for the remittances. This is to few according to my meaning about the role of a cryptocurruencies in the economy of a country. And this meaning is not mine originally. But even me had this idea within myself without knowing. I saw this thing written by one my friend here in this forum in one of my threads.

I think that the mission of the digital currencies is way more big. They can (if it will be possible and if it will be agreed by the scientists of the economics science) replace the national currency of every country. There are are to many question mark to be resolved before about this initiative and the Authority of the country which will execute this option will have to many things to decide and to resolve (because it will be an hard experiment) but I think that this option have a future. And if it will be executed it will be the best possible (or at least better than the actual) one for the economy of that country.
Q7
sr. member
Activity: 448
Merit: 250
October 14, 2015, 02:24:38 AM
#26
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. 
legendary
Activity: 1106
Merit: 1000
October 13, 2015, 03:09:57 PM
#25
As current era is digital era, money should also be in digital form. So digital currency is the one that have made this global a small place in terms of doing transactions.

Fiat also have digital form itself, credit card Cheesy

The main problem is not being a digital world but how to solve a lack of fiat currency, from the fees, transaction, privacy(it's depends on people, they are people who haven't disturbed with it and otherwise), and how to solve the problem a currency can be manipulated with a fat guys under government.
full member
Activity: 140
Merit: 100
October 13, 2015, 11:06:26 AM
#24
i think the only one that can solved with digital currencies is payment problem,digital currecncies make a simple payment and fast payment,
legendary
Activity: 994
Merit: 1000
October 13, 2015, 04:17:56 AM
#23
As current era is digital era, money should also be in digital form. So digital currency is the one that have made this global a small place in terms of doing transactions.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
October 13, 2015, 04:04:02 AM
#22
@bitcoinsatan Huge dump of your Bitshares over the night, - 11% and the migration from 1.0 to 2.0 hasn't even started, yet finished. 2.0 better has no bugs when it launches later today, otherwise price is headed toward 1400 where it started weeks ago!
legendary
Activity: 1596
Merit: 1027
October 12, 2015, 09:12:55 PM
#21
Hey guys, what type of problems do you think the use of digital currencies could help to solve?

Check the following article:
http://bravenewcoin.com/news/de-banking-is-spreading-commonwealth-investigates-using-digital-currencies-to-solve-problems/

Great article.

At last the banking industry is giving digital currency and the blockchain technology the deserved attention. I guess that from here to mainstream adoption it will be easy.
newbie
Activity: 12
Merit: 0
October 12, 2015, 05:22:43 PM
#20
Right now, Bitcoin's solves alot of problems for people who live in countries like China that restrict the outflow of money.



As long as China continues to restrict Capital flows BTC will always have and be a major asset in China.
full member
Activity: 150
Merit: 100
October 12, 2015, 11:17:11 AM
#19
Right now, Bitcoin's solves alot of problems for people who live in countries like China that restrict the outflow of money.

member
Activity: 64
Merit: 10
October 12, 2015, 10:20:18 AM
#18
Hey guys, what type of problems do you think the use of digital currencies could help to solve?


i think cryptocurrencies as a whole are too young actually solve any issue in the world yet. but they all have a lot of potential if they get mature enough.
one of the best features is what OmegaStarScream mentioned above, and that is the cheapest transactions so far. anybody can send any amount they want to any person in any place of the world and as fast as possible while this is not possible with using current (fiat) methods. so cryptocurrencies can be a good solution for that.

Bitcoin is still young in the grand scheme of things and will likely take many more years to grow into the mainstream as tech like the internet did, but bitcoin is not the only way to send money around the world. You can do that with many bank transfer services or even fiat and sometimes even for free.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
October 12, 2015, 10:05:44 AM
#17
Thanks for the link!

The article is mostly about arising problems with traditional money transfer and that's nice that governors of big banks considering "to investigate using new monetary technologies, such as bitcoin and other digital currencies".

I think words as below give some hope to BTC supporters.

"The use of digital currencies has increased substantially in the last 12 months, with little evidence thus far that this form of money transfer has been used for terrorist financing or money laundering." - Commonwealth Central Bank Governors Meeting report

 
legendary
Activity: 1596
Merit: 1027
October 12, 2015, 08:37:25 AM
#16
Hey guys, what type of problems do you think the use of digital currencies could help to solve?

Check the following article:
http://bravenewcoin.com/news/de-banking-is-spreading-commonwealth-investigates-using-digital-currencies-to-solve-problems/

Great article. Digital currency has a wide range of applicability. It can be used to solve all sort of problems. As the blockchain technology gets to be more and more used, new issues will come that this new technology will help to solve.
newbie
Activity: 56
Merit: 0
October 12, 2015, 08:34:16 AM
#15
Ann Cairns say that bitcoin has nothing to solve and that mastercard is secure?! and a digital payment system!? Tongue

http://www.ibtimes.co.uk/mastercard-talks-tokenisation-bitcoin-biometrics-1522674

Bitcoin is more secure than Mastercard if you do not reveal your password. They all use cryptography technologies.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
October 12, 2015, 07:40:40 AM
#14
Hey guys, what type of problems do you think the use of digital currencies could help to solve?

Check the following article:
http://bravenewcoin.com/news/de-banking-is-spreading-commonwealth-investigates-using-digital-currencies-to-solve-problems/

check outside your window:

Bitcoin2.O is not about destroying Bitcoin1.O

Its about solving Bitcoin's problems.

You hate Mt Gox stealing your bitcoins while you are trading for BTC for USD/EUR/ETC? problem solved
You hate the long transaction times? problem solved
You hate Mastercard making fun of our scalability? problem solved
You want to be able to loan your crypto out and receive interest? problem solved
You hate price volatility?  problem solved
You hate blocksize debates? problem solved
You hate total coin inflation? problem solved
You hate begging people to develop your coin at their expense? problem solved
You hate DDOS attacks that don't pad your pocket? problem solved
You hate addresss you cant remember? problem solved
You hate not being able to obtain new keys for your current wallet? problem solved
You hate not being able to do multisig?
You hate not being able to do re-occuring transactions

any of this sinking in. my carpel tunnel hurts

BitShares is not looking to kill Bitcoin1.O

Bitcoin2.O is all about teaching the world that Blockchains are freedom (public blockchains that is), and freedom tastes delicious.



Yes, you really like to spam with your promotion of the Bitshares. I mean it's OK that you believe in the  project other than Bitcoin but you do understand that it becomes very counter-productive when you leave your posts about Bitshares in every part of the Bitcoin forum.

For God's sake you need to stop with this nonsense!

P.S. I am not trying to sound as an a**hole but I think that too much is a too much!
legendary
Activity: 3472
Merit: 10611
October 12, 2015, 07:35:04 AM
#13
Hey guys, what type of problems do you think the use of digital currencies could help to solve?


i think cryptocurrencies as a whole are too young actually solve any issue in the world yet. but they all have a lot of potential if they get mature enough.
one of the best features is what OmegaStarScream mentioned above, and that is the cheapest transactions so far. anybody can send any amount they want to any person in any place of the world and as fast as possible while this is not possible with using current (fiat) methods. so cryptocurrencies can be a good solution for that.
legendary
Activity: 2674
Merit: 2965
Terminated.
October 12, 2015, 07:23:39 AM
#12
Heck these mainstream guys cant make up their minds, once they say its a virtual currency, then a digital currency, then an internet currency, then a "libertarian ponzi scheme" ,etc.
Bitcoin is: virtual,digital and internet currency too.

This is partially correct and you did only make 1 mistake here. What often gets confused around this forum as well is virtual vs digital. Bitcoin is not a virtual currency, it is a digital one. Bitcoin is supposed to be used for many things (i.e. you can buy almost anything with it already).
Quote
"Virtual" can be defined as "not based in physical reality," and virtual currencies are those which are not intended for use in "real life," or for expenditures on real assets. Consequently, most virtual currencies can be found in online gaming and are subject to centralized authority, with the control of the money supply resting in the hands of the virtual world's developers. An example of a purely virtual currency is Amazon Coins.
Another example could be ingame currency (e.g. gold in WoW). This is why I'm supportive of the digital rather than virtual 'definition'.
legendary
Activity: 3430
Merit: 1142
Ιntergalactic Conciliator
October 12, 2015, 07:15:19 AM
#11
Ann Cairns say that bitcoin has nothing to solve and that mastercard is secure?! and a digital payment system!? Tongue

http://www.ibtimes.co.uk/mastercard-talks-tokenisation-bitcoin-biometrics-1522674
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
October 12, 2015, 07:13:14 AM
#10
It solves many issues and here is one of them :



Brilliant Cheesy

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!
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