Topic: Digital currencies to solve problems - page 3. (Read 2782 times)
It solves many issues and here is one of them :
We should actually be talking about cryptocurrencies else some might get confused. There are various things that it helps with. The first two that come in mind is sending money across the borders in a quick and cheap matter and the second are the people that can't sign a contract with a bank for whatever reason.
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Update:
I really don't think digital currencies solve very many problems until we start discussing crytocurrency.
Bitcoin is a digital currency.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.
It's funny to see those guys having no clue what they are talking about. Bitcoin is: virtual,digital and internet currency too. But so do the €,$ and so forth.
The correct category is crypto-currency! Because while fiat is printed madly, bitcoin is cryptographically secure and limited.
For me the solutions that cryptocurrencies first bring to mind are: Privacy, Remittances, Micro-payments and Machine-to-Machine Payments. Of course, there are so many other reasons to use cryptocurrencies too.
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 the following article:
http://bravenewcoin.com/news/de-banking-is-spreading-commonwealth-investigates-using-digital-currencies-to-solve-problems/
Well for one thing, it would help with the government transparency in the whole procurement system. There are way too much corruption in governments around the world. They should place all government tenders and transactions on the Blockchain, for everyone to audit and monitor.
If someone acquired a tender, people who competed for that same tender, should validate that they were not the cheapest option and no money was paid for bribes.
nonsense
There is no Bitcoin 1.0 and certainly no Bitcoin 2.0. Stop spreading nonsense. Bitshares is pretty useless and I will never accept it because of the marketing fraud. No matter what features you think you have, no matter what you do, Bitshares was never and is never going to be Bitcoin 2.0.Stop hijacking the thread with these posts.
We should actually be talking about cryptocurrencies else some might get confused. There are various things that it helps with. The first two that come in mind is sending money across the borders in a quick and cheap matter and the second are the people that can't sign a contract with a bank for whatever reason.
Update:
Update:
I really don't think digital currencies solve very many problems until we start discussing crytocurrency.
Bitcoin is a digital currency.i am aware.
Like. Sharks are fish. But not all fish are sharks.
I should have clarified. Thanks
I really don't think digital currencies solve very many problems until we start discussing crytocurrency.
Digital currencies are basically electronic fiat (according to my understanding, correct me if I am wrong), and the biggest problem i see with them is centralization. With decentralized cryptocurrency, this is eliminated. No single entity controls the monetary system with a such a system. When compared to a system such as the USD which is based on nothing but debt, this starts to make a lot of sense.
Digital currencies are basically electronic fiat (according to my understanding, correct me if I am wrong), and the biggest problem i see with them is centralization. With decentralized cryptocurrency, this is eliminated. No single entity controls the monetary system with a such a system. When compared to a system such as the USD which is based on nothing but debt, this starts to make a lot of sense.
We should actually be talking about cryptocurrencies else some might get confused. There are various things that it helps with. The first two that come in mind is sending money across the borders in a quick and cheap matter and the second are the people that can't sign a contract with a bank for whatever reason.
Update:
Update:
I really don't think digital currencies solve very many problems until we start discussing crytocurrency.
Bitcoin is a digital currency.
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 the following article:
http://bravenewcoin.com/news/de-banking-is-spreading-commonwealth-investigates-using-digital-currencies-to-solve-problems/
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