The reason we need cryptocurrencies - page 12.

xWolfx

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Quote from: hatshepsut93 on June 01, 2019, 09:53:58 AM

1. Bitcoin is a way to hedge against weak fiat currency. Many countries suffer from economic problems which cause their national currency to significantly drop - people usually buy US dollar to save their wealth, but then governments put restrictions on it, and Bitcoin can save the day in this situation.

2. Bitcoin works very well for international transactions, it will usually be cheaper and faster than traditional methods.

Preach. By being one guy who is inside Venezuela i can safely say that i know exactly what you're talking about. It's amazing how there's another way to bypass that huge limitation.

Fiat currency tends to have a lot of problems that can easily be solved in the future using this technology.

EdenHazard

legendary

Activity: 2674

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An honest bitcoin is a money that I can set that I want. I can send my money to another wallet with my desire without some party to deal with it. I can pay any transaction with bitcoin as long as I can make it happens. In severel times I try to make bank account and honestly in my country to make an account I must come to the office. Other than that I must give all my identity to them if I don't have then I never create an account, it's horrible for me. This is time everyone should knows the cryptocurrencies and its function in their live, because it's very easy to set all our money in our wallet and also about security it's depends on our consciousness.

Cacingkemi

hero member

Activity: 1484

Merit: 516

The reason you really represent the reason of all those who have been blinded by the bank, myself have the same reason but I'm still waiting for BTC to be accepted by every government and developed by us all. through several purchase transactions in a number of items or paying of services to enter the wider community, regarding the current government regulations it is still confusing so vigilance must be guarded.

salty

full member

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Quote from: fiulpro on June 01, 2019, 03:16:29 AM

In my view , we are finally free and out of the Monopoly world , banks governments no matter democratic or not we are all controlled like puppets , our money is actually not our money , it's the money of the banks controlled by the rich people that we would never see faces of.

I understand Your position,but in fact,and in the crypto-currency world, everything is controlled by rich people and you are unlikely to see their faces. It's obvious.To complete decentralization alas very far.

joeperry

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You have a point, it's true. However there's a chance that the government (or the banks) may see the cryptocurrency as a threat to them and in result they will not let the cryptocurrency be used on their own country. Well we just hope that this won't come, just imagine if all the countries banned the bitcoin/cryptocurrencies.

1 country banned bitcoins/cryptocurrency has a big impact to the cryptocurrency industry.

jakelyson

legendary

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Quote from: fiulpro on June 01, 2019, 03:16:29 AM

In my view , we are finally free and out of the Monopoly world , banks governments no matter democratic or not we are all controlled like puppets , our money is actually not our money , it's the money of the banks controlled by the rich people that we would never see faces of.

For most, this is still a dream even with cryptocurrency. Even if you have bitcoins and other cryptos, most still cannot spend it without converting it to fiat first.

Quote from: fiulpro on June 01, 2019, 03:16:29 AM

With cryptocurrencies we control our own deal , we can easily make it to the top , yes it does have negative times and is risky but let's be honest , who doesn't ? Even dollar was going down !
But it also gives rewards like no other.

It is not about the currency you use, it is about the man who uses the currency. Crypto or fiat does not make any difference if you do not have skills. It is skills that takes the man on top, not crypto, not dollars.

Apes

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Cryptocurrency in my view opened up many new types of business opportunities that had not previously existed. and give opportunities to those who work in it to provide various kinds of services independently. Cryptocurrency is a society revolution in seeking income freely without having to be bound by any party.
cryptocurrency as a unifying global economy.

samputin

sr. member

Activity: 1036

Merit: 294

Quote from: fiulpro on June 01, 2019, 03:16:29 AM

our money is actually not our money , it's the money of the banks controlled by the rich people that we would never see faces of.

Hmm, so you mean like the Rothschilds lol. Well you have a point but until now it remains a conspiracy. (Oops! I guess I go deeper, my bad).

For me we don't necessarily need crypto at least for now since fiat exist and it works well too. However, we should continue this for the sake of improving. I mean, crypto is a form of technological advancement and which means it helps a lot. It is important in a sense that it could have a chance to further improve our monetary system — to make it faster and more convenient than ever before. Mankind should continue innovating, breaking the traditional and switch to more high tech kind of living. We should not feel contented with space shuttles, we should aim for spaceships; I hope you guys get my point

.

hatshepsut93

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1. Bitcoin is a way to hedge against weak fiat currency. Many countries suffer from economic problems which cause their national currency to significantly drop - people usually buy US dollar to save their wealth, but then governments put restrictions on it, and Bitcoin can save the day in this situation.

2. Bitcoin works very well for international transactions, it will usually be cheaper and faster than traditional methods.

Rufsilf

sr. member

Activity: 1778

Merit: 309

Cryptocurrency is indeed very useful to us and it gives us financial freedom, not only that it also provides convenience in our transactions unlike banks or governments wherein you have to follow complicated. However, in whatever we do either crypto or banks or governments, there’s always risk, we can’t really avoid that but I believe that bitcoin is worth the risk.

sehoon

full member

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It's not that we really need cryptocurrency but the thing is about how huge is cryptocurrency impacted our lives. Cryptocurrencies introduced as freedom when it comes to owning currency that is really profitable and surely it introduced as that we can earn more than what the companies can give to us. And in here, you are anonymous in most cases since centralization is also introduced.

sunsilk

hero member

Activity: 3038

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Just take the quote that you see whenever you visit or open your blockchain.com account. It says, 'Be your own bank' and we can actually do this with bitcoin or with crypto's as a whole.

We don't have to open a checking or savings account with a minimum maintaining balance so that we won't be charged. This is just one of the good feature of crypto's because we don't have to worry about certain charges because there's no certain condition like the banks do.

nasipadang

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Quote from: fiulpro on June 01, 2019, 03:16:29 AM

Hey
How about we talk about the reason that we need cryptocurrencies, day in and day out banks and governments never fail to show us the dark side , how about we light a candle on it, let's keep adding points whatever you think what makes It amazing , what makes it worthwhile to exist.

In my view , we are finally free and out of the Monopoly world , banks governments no matter democratic or not we are all controlled like puppets , our money is actually not our money , it's the money of the banks controlled by the rich people that we would never see faces of.

With cryptocurrencies we control our own deal , we can easily make it to the top , yes it does have negative times and is risky but let's be honest , who doesn't ? Even dollar was going down !
But it also gives rewards like no other.

When viewed from your point of view, indeed the government bank looks burdensome to people by arranging transactions, then regarding the dark side you are talking about. If seen from there, crypto can be a solution related to freedom of transaction, but still cryptocurrency is now very free so in my opinion there must be a dark side, examples ranging from fraud even though the transaction will still be in the ledger, but the identity of the person doing the scam, washing money not identified. In my opinion we need a cryptocurrency but with some regulations that may not be burdensome and reduce the advantages of crypto itself.

Wingzcrypto2018

copper member

Activity: 110

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Honestly, without cryptocurrency We cannot able to earn directly on bitcoin only. I know lot of us here made a profit most of the time through
altcoins and that can't be deny due to because of this we have a lot of options for us to earn more and to see more other potentials coins in the future as well.

kryptqnick

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Join the world-leading crypto sportsbook NOW!

Quote from: fiulpro on June 01, 2019, 03:16:29 AM

Hey
How about we talk about the reason that we need cryptocurrencies, day in and day out banks and governments never fail to show us the dark side , how about we light a candle on it, let's keep adding points whatever you think what makes It amazing , what makes it worthwhile to exist.

In my view , we are finally free and out of the Monopoly world , banks governments no matter democratic or not we are all controlled like puppets , our money is actually not our money , it's the money of the banks controlled by the rich people that we would never see faces of.

With cryptocurrencies we control our own deal , we can easily make it to the top , yes it does have negative times and is risky but let's be honest , who doesn't ? Even dollar was going down !
But it also gives rewards like no other.

I feel good that my savings are not on a bank account. However, even though I recognize Bitcoin as money, I have to sell my BTC for fiat from time to time to be able to actually use it. Another problem appears when I move to a different country. When I need a visa, I have to show that I have savings to sustain my life there. The savings in BTC don't count, they must be on a bank account... And I would not actually mind paying reasonable taxes for profits in BTC, but in my country, the regulations are not well-developed yet, and paying taxes is a difficult bureaucratic procedure, that totally does not encourage to do that.

BitHodler

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Quote from: klaaas on June 01, 2019, 07:28:20 AM

In general, control over your funds without strings attached to keep it as one liner. The fact anyone can use it is a big pros also.

I actually find it more impressive that I can receive money with Bitcoin without opening an account somewhere that requires ID verification and whatnot. All you need is to install an app or generate a paper wallet online.

Sure, you need to watch out for fake wallets and fake sites, but with a little research you can easily avoid them. This is power to the people and there is literally no one that can take your money from you if funds are kept secure.

I actually gave a few family members of mine some Bitcoin earlier this year and they were amazed at how easy it was to avoid dealing with centralized rip-off services such as PayPal.

This puts a smile on my face thinking about it again.

acroman08

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I don't think banks and governments are the sole reason why we need crypto-currency. cryptocurrecy offers a lot more than just freedom and anonymity others may not realize this but crypto-currency may bethe stepping stone of a new technological advancement in economical world. crypto-currency may also be the reason that we may achieve one currency in the whole world.

klaaas

hero member

Activity: 1568

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In general, control over your funds without strings attached to keep it as one liner. The fact anyone can use it is a big pros also.

goaldigger

sr. member

Activity: 2422

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Quote from: fiulpro on June 01, 2019, 03:16:29 AM

Hey
How about we talk about the reason that we need cryptocurrencies, day in and day out banks and governments never fail to show us the dark side , how about we light a candle on it, let's keep adding points whatever you think what makes It amazing , what makes it worthwhile to exist.

In my view , we are finally free and out of the Monopoly world , banks governments no matter democratic or not we are all controlled like puppets , our money is actually not our money , it's the money of the banks controlled by the rich people that we would never see faces of.

With cryptocurrencies we control our own deal , we can easily make it to the top , yes it does have negative times and is risky but let's be honest , who doesn't ? Even dollar was going down !
But it also gives rewards like no other.

Cryptocurrency is not about just an innovation of money. It is somehow the way of entering a new era with more technological values. Banks can become obsolete but there would be some organizations replacing it with the same function but different view. Things doesnt change. They are evolving.

BL46K 7193R

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I understand your point of view. The bank is doing business with us with our money and has full control over our money. From this point of view, the cryptocurrency may be a much better option. The number of cryptocurrency usage is increasing day by day and it will increase further in the future. Because the cryptocurrency exchange system and its technology are very good quality. And I think the currency coin used in full time instead of the cryptocurrency will be used entirely.

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