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Topic: Is crypto Currrencies failed to solve the Problem?? - page 3. (Read 803 times)

hero member
Activity: 2814
Merit: 911
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Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
If you are talking about the scam projects that convinced you, there is nothing you can do about it, being a new market, expect all sorts of people to exploit the new system and that is what happened here with all the scams we have seen in this market in the form of ICO and millions are lost because of that, majority of the projects were scam or never fulfilled what they set out in the first place, bitcoin will sort majority of the problems and hopefully we will see legit companies taking the space and coming up with products which will solve certain issues that can be resolved by this innovation.
hero member
Activity: 3024
Merit: 745
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We already have bitcoin that can solve most of the payment methods one big problem and that is the slow arrival of money and high fees. I'm impressed before with those proposals on how they are going to solve problems but it seems to be identical and nothing new with their proposals, that's why didn't invested with any of those.
You have said what is in my mind.Additionally maybe the OP able to ask this because he’s confused realizing the true solution crypto has given to industry by so many fake and scam projects he encounters or we encountered already.  Grin
We have the same thought and that what should others understand. They keep looking for a solution but in reality, there's already one.
sr. member
Activity: 714
Merit: 250
Cryptocurency is still at an infant stage with a core concept to provide a decentralized, secured, obscure and cheap avenue for financial transactions and so far, it is living up to expectations with potentials to become more widely accepted
legendary
Activity: 1288
Merit: 1036
Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
The freedom crypto currency brought is still there and the technology is still as strong and can never be altered but we users are the ones that are trying to change the system for them especially investors and I still don’t blame investors too, majority of the blame is still to the project team and developers because they portray their projects has been useful for investment alone and does not really make investors see the need to utilize the product for their benefits.

Hence, virtually every investor put in money to make profit out of it and dump it when the need arises which eventually renders their project useless and until we start seeing these crypto as what we need for utility, the solution crypto has really brought will not be effective.
full member
Activity: 887
Merit: 100
Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??

Well at some company, solve the problem using cryptocurrency as its tools is not easy as we see right now. Im sure at some point, their project was stuck because, you know. the goverment, limits their actions. Just like using crypto as paymen tools, etc.
but will the government forever limit crypto?
I don't think so because I think crypto will develop with government approval or not.
full member
Activity: 579
Merit: 102
You must understand that the problems of certain industries are not solved in one day. For example, solving problems in the industrial sector requires a lot of time and opportunities, so do not worry about projects that work and improve our world.
member
Activity: 364
Merit: 10
Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??

Well at some company, solve the problem using cryptocurrency as its tools is not easy as we see right now. Im sure at some point, their project was stuck because, you know. the goverment, limits their actions. Just like using crypto as paymen tools, etc.
jr. member
Activity: 140
Merit: 1
If we look at the condition of cryptocurrency right now it's way of dealing with the problems and risks in cryptocurrency. And one of the fact is its stability despite the hardfork and issues about btc that caused it to crash and currently the cryptocurrency has gradually returned to its previous popularity and gradually returns the cryptocurrency market to a better position due to the increases the price of coins.
member
Activity: 630
Merit: 14
I truly get where you are coming from, yes cryptocurrency does solve certain challenges and some out there, dont want to mention names have actually gone mainstream and it adoption is worldwide... while others are just as you called it, trying to steal funds
If you really look at the current situation today, the cryptocurrency market has so far yielded a lot to most users of cryptocurrency. Of course, many of us managed to get a conclusion after 2016 and 2017. But you don’t have to forget that we are still only at the beginning of the development of the cryptocurrency market.
legendary
Activity: 1204
Merit: 1028
Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
I believe you are talking about ICO projects and not just crypto currency because there are a very big difference between both of them. ICO projects are projects that are still yet to become crypto currency, they are still at the stage of raising funds and until they are able to raise the expect amount of funds, it haven't become crypto yet.

Crypto currency itself have the ability to solve a lot of problem, we have seen this in bitcoin how it have been able to solve a very big problem in the financial world this is why it will always be the father of all crypto.
jr. member
Activity: 552
Merit: 1
I truly get where you are coming from, yes cryptocurrency does solve certain challenges and some out there, dont want to mention names have actually gone mainstream and it adoption is worldwide... while others are just as you called it, trying to steal funds
sr. member
Activity: 2016
Merit: 283
Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
for me the only one that can really help to solve our problems is bitcoin . Because bitcoin is so volatile than other coin in the market which is we can get alot of profits on it without working hard unlike other coins which is uncertain. And since it breaks the ATH i do believe until now that soon or later it will help us again to solve our problems.
copper member
Activity: 280
Merit: 1
A simple answer is, those cryptocurrencies which have been in the system for quite a long and still delivering are solving real-life problems. There are a whole lot and they a wide range of use cases meaning they address more than one problem.
sr. member
Activity: 1330
Merit: 326
I only believed bitcoin and ethereum projects. Sadly, those projects are somewhat created most of the times just to raised fund and collect money without even pursuing their real objective. Those projects that aren't created to solve the problem but created for their own benefits.
hero member
Activity: 1414
Merit: 516
Yes, you are right OP, there are a lot of project that only promise something and never happen, if most of projects will do what they say, there will a better use for crypto and a better price.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
I share your sentiments, we have more of whitepaper than products In the crypt ecosystem of today but a few have solved problems in my opinion but haven't gotten the much needed exposure due to the decline In value of the cryptocurrency market...An examples of such projects is Robotina and
to tell the truth I have already stopped counting all those projects in which I participated and And not only lost time, but also lost my money. There are a lot of them, and despite the fact that they turned out to be fraudulent, their technical documentation and all the information was available. It was in perfect order.

We have seen that technical document such as whitepaper is not enough to prove that a certain project will not screw investors. Many turned out to be fraudulent having well written wps. I think it would be better to present a working product rather than text documents.  That would be more appealing to investors.
legendary
Activity: 1722
Merit: 1014
Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??

This picture is caused by the amount of the projects in this sphere. More ICOs, more investors, less regulation and more greed... and we see hundreds of useless projects here as result. But there are few projects that are really worthy.
full member
Activity: 588
Merit: 100
Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
I share your sentiments, we have more of whitepaper than products In the crypt ecosystem of today but a few have solved problems in my opinion but haven't gotten the much needed exposure due to the decline In value of the cryptocurrency market...An examples of such projects is Robotina and
to tell the truth I have already stopped counting all those projects in which I participated and And not only lost time, but also lost my money. There are a lot of them, and despite the fact that they turned out to be fraudulent, their technical documentation and all the information was available. It was in perfect order.
jr. member
Activity: 406
Merit: 5
I-CHAIN - The Revolution of Digital Advertising
Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
I share your sentiments, we have more of whitepaper than products In the crypt ecosystem of today but a few have solved problems in my opinion but haven't gotten the much needed exposure due to the decline In value of the cryptocurrency market...An examples of such projects is Robotina and
full member
Activity: 896
Merit: 102
Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
I do not think that cryptocurrency failed to deliver the solution.
I think that people do not understand the solution. The solution doesn´t mean quick money scheme, but slow progress which could replace the classic financial market one day.
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