Topic: REAL WORLD PROBLEMS AND BITCOIN - page 5. (Read 1067 times)
In my opinion, real problems are many in the crypto world. One of those are the people itself scamming people like those scam ICO's that are in the market promising the people with good return of investment but in reality, it's undervalued and most of the thing happened is that such ICO has never been successful leaving the investors out of thin air. Another real problem I see is that people who had invested in btc has this reaction to get panic and the fear of losing their investment could result them to do panic selling. These people are only after for the quick money and do not have the patience like most of the old timers and successful investors.
What real world problem is bitcoin solving rn? and to what extent?
Bitcoin has given everyone a better and faster option to carry out financial transactions. With Bitcoin, distance is no longer a barrier nor influence charges to be paid whenever you transfer money to anyone. 
What real world problem is bitcoin solving rn? and to what extent?
Bitcoin is most accepted cryptocurrency in the world. It help many people to solve their many problems. In many place bank are not present and in those place bitcoin help people in their money transaction. Bitcoin also help people in the case of international money transaction and exchange and it also an less trouble and uninterrupted way to transfer your money from one place to another. Another thing by which bitcoin help people is its investment purposes and other money earning methods. These thing help many people to overcome their economy related problems.
The issues of privacy has affected individual using other currency. You would keep your money in banks where you submit all sort of forms and identification and a third party can get involved in your account if necessary. But you can store bitcoin in your wallet and only you have access to it
Transfer issues. Bitcoin is making peer to peer transcation very stress free and cheap. From your wallet you can make transfer of bitcoin to the receivers wallet irrespective of the location of the two parties and there is no involvement of a third party
Reliance on an incompetent government that has no idea how to manage the economy. See venezuela as an example and then others like turkey will follow. Bitcoin will save them all
Bitcoin is giving you scope to transfer money directly without depending on any 3rd or 4th parties, the transactions are fast, and very cheap. Also, you don't need to fill a bunch of bullshit forms and waste your valuable time on those.
What real world problem is bitcoin solving rn?
Trustless, world-wide and cheap money-transfers without any middlemen. Just a transaction between you and the recipient.
Also, you are the only one with access to your money. No entity which can freeze your money/transactions or revert anything.
and to what extent?
Completely.
What real world problem is bitcoin solving rn? and to what extent?
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