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Topic: The reason we need cryptocurrencies - page 4. (Read 11735 times)

full member
Activity: 728
Merit: 101
The Standard Protocol - Solving Inflation
June 26, 2019, 11:56:04 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.
Yes i do think crypto is economy freedom. But we need to look at the big picture before judging our currency economy. I do believe goverments are controling the economy for the good of their citizens, it will be a chaos if the value are drop and they do trying to make it stable as much as possible and i do think the fluctuation is happening because the economy global and the competition in export of goods
full member
Activity: 664
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📱 CARTESI 📱 INFRASTRUCTURE FOR SCA
June 26, 2019, 10:47:16 AM
Cryptocurrency is a currency of quickness and convenience. You can use it to pay any expenses at any one of the worlds via the Blockchain platform. In particular, Cryptocurrency will not be able to be created, so it will not be able to create inflation.
sr. member
Activity: 2590
Merit: 452
Enjoy 500% bonus + 70 FS
June 26, 2019, 09:47:56 AM
We need cryptocurrency  for our future is due to our current financial system,lets be real almost every government in this godly earth is corrupt,we can escape them by not entrusting them our money and making our computers our own bank.
And the technology advancement we are in,fiat currencies will be forgotten soon

I agree with most of the things you said. Many governments are corrupt. On the other hand cryptocurrency provides a freedom despite all of the risks. But i don’t think fiat currencies will be forgotten soon, i mean, it won’t be that easy.
Yes, freedom is the main reason we need digital currency without involving the government which is synonymous with corruption.
In addition, cryptocurrency can be used as a very safe and convenient alternative payment, cryptocurrency and fiat will continue to run together and will not replace each other.
sr. member
Activity: 1204
Merit: 388
June 26, 2019, 08:26:59 AM
We need cryptocurrency, just like any other leading technology in its field. We have to see how far this technology will take us in the evolution of humanity. How it can be used to better our financial systems & create a fairer society for everybody.
look similar situation on internet 90's when everyone only use computer for write word document and calculating them work. blockchain behind on cryptocurrency to day be leading of technology, now we can see good for implementing on financial system.
hero member
Activity: 938
Merit: 501
June 26, 2019, 06:46:51 AM
We need cryptocurrency  for our future is due to our current financial system,lets be real almost every government in this godly earth is corrupt,we can escape them by not entrusting them our money and making our computers our own bank.
And the technology advancement we are in,fiat currencies will be forgotten soon

I agree with most of the things you said. Many governments are corrupt. On the other hand cryptocurrency provides a freedom despite all of the risks. But i don’t think fiat currencies will be forgotten soon, i mean, it won’t be that easy.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
June 26, 2019, 06:28:58 AM
I will go back to the very beginning of Bitcoin, the prime mover of the cryptocurrency saga that we are part of right now.

We need crypto because it is peer-to-peer. I mean, transactions are done only between parties involved. It does not have to go through a lot of parties which are not actually part of the actual transactions. The banks right now are always parties when it comes to transactions involving fiat currencies.

And then we really need crypto because it is electronic. We cannot stay on with our brute way of doing business. We need to gradually bid good bye to hard money. We are in an era in which things are done in a digital manner. Currencies should therefore adjust to it as well.

Absolutely we need crypto currency because a huge people have future in crypto currency and it is true bitcoin wise most of the people become rich and now once again bitcoin is going to high, so it is a good chance to make money from it once again. Even i seen mostly jobless people are working on crypto and make it source of income and have good earning.   
newbie
Activity: 27
Merit: 2
June 26, 2019, 06:15:34 AM
We need cryptocurrency, just like any other leading technology in its field. We have to see how far this technology will take us in the evolution of humanity. How it can be used to better our financial systems & create a fairer society for everybody.
full member
Activity: 291
Merit: 119
June 26, 2019, 06:13:01 AM
The main reason we need Cryptocurrency for is "To because one's own bank."

And several other reasons include:

1. Financial inclusion (people can become a part of the global economy)
2. Fast and free* international payments.
3. Censorship resistant.
4. Transparency
5. A new movement where nobody and everybody is in charge.
6. A safer, cheaper world for merchants.
And many more..
sr. member
Activity: 1400
Merit: 273
June 26, 2019, 06:08:01 AM
I will go back to the very beginning of Bitcoin, the prime mover of the cryptocurrency saga that we are part of right now.

We need crypto because it is peer-to-peer. I mean, transactions are done only between parties involved. It does not have to go through a lot of parties which are not actually part of the actual transactions. The banks right now are always parties when it comes to transactions involving fiat currencies.

And then we really need crypto because it is electronic. We cannot stay on with our brute way of doing business. We need to gradually bid good bye to hard money. We are in an era in which things are done in a digital manner. Currencies should therefore adjust to it as well.
sr. member
Activity: 396
Merit: 250
June 26, 2019, 05:45:40 AM
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.
yea I agree crypto currency gives freedom in payments and advance financial transaction bitcoin is like carrying gold in wallets and paying its what I like and mainly avoids traditional currency difficulties, in  gambling bitcoin as made transactions easy for me 
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
June 26, 2019, 04:32:17 AM
cryptocurrency is something new and interesting for many people, and it's like a new form of investment with great volatility, and actually my hobby.
People still look at Bitcoin and cryptocurrency as a hobby? Why?

One individual is not all people (and far from it)

People is plural while individual is single. If someone tells you that he hates Bitcoin (or whatever), will you then proceed to say that people hate Bitcoin? I guess this is called a selection bias and in this case it is pretty extreme with the sample size of 1 (you can't even draw an average). Bitcoin and cryptocurrencies in general are serious money now, just don't believe everything that some random dude tells you (even if for him personally Bitcoin is indeed a hobby)
hero member
Activity: 1722
Merit: 528
June 26, 2019, 04:26:51 AM
cryptocurrency is something new and interesting for many people, and it's like a new form of investment with great volatility, and actually my hobby.
People still look at Bitcoin and cryptocurrency as a hobby? Why?

I don't get it. With a lot of people getting a lot of profit from the investments they had, It even made a lot of millionaires last year, isn't that a proof that it is a game changer? It is true that it is so volatile and with that, we can say that it can really give you a huge profit and you look at it as a hobby? The future might lead there and the hobby you have now will be the regret you've done. When will you get serious? When the price already reached 6-digit? When it is already a million?
newbie
Activity: 42
Merit: 0
June 26, 2019, 04:26:46 AM

Cryptocurrency holds  a lot of promise for all of us including the freedom from the abuses and control of the current financial system we are in. Of course, to many cryptocurrency can also mean financial freedom. Human nature has this dark side and that is the tendency to abuse the power given unto us...this is quite true with the banking system and the current global financial system we are in. However, sad to say, the same tendency is slowly creeping in to the cryptocurrency industry and this is something we as a whole should try to stop as this can be an insult and a travesty.
Yeah  this is also right.. that cryptocurrency  holds a lot of promises for our bright future.  So people  need and attract more to cryptocurrency..
newbie
Activity: 42
Merit: 0
June 26, 2019, 04:24:29 AM
A very Good question you arises.. well everyone need cryptocurrency now a days.. and day by day this need is increasing  because people get more profit.  And people wants to earn more and more..
full member
Activity: 434
Merit: 100
☀️ Iskra Coin ☀️
June 26, 2019, 04:15:08 AM
increasingly sophisticated developments make people prefer practical and easy things. for example saving money in a wallet is no longer practical and safer and is easy to store on a smartphone in the form of crypto. besides the ease of transacting and sending money via crypto makes people need crypto more than conventional systems.
sr. member
Activity: 1498
Merit: 271
DGbet.fun - Crypto Sportsbook
June 26, 2019, 03:11:29 AM
If we want financial freedom in the future then I could say that cryptocurrency is the answer.
We are making our own banks here and we're making our own profit which is far from regulation and manipulation of the government.
Cryptocurrency plays a vital role in our community and if we'll value it, we'll gain a better financial situation in the future.
I have been part of cryptocurrency since before. And I can say that it really change my whole status. Before, I cannot by clothes and gadgets on my own. But when I started to join in cryptocurrency, I began also to buy not just my needs and wants but the necessities of my family. It really gives opportunity for the people like me who cannot buy things.
member
Activity: 314
Merit: 10
“A nexgen decentralized ride hailing ”
June 26, 2019, 02:52:20 AM
The reason is very simple, that is just the next step in technological progress. Blockchain is quite simple code to control and verify the information on synchronized hardware. All it gives - only the speed, how cheapest it is I don't know. But we live in the century when speed is more important. Money is information as well, so we have a Bitcoin information on blockchain technology.
We need cryptocurrency because in the future the world will be united by internet technology, where distance is not a problem and time in various parts of the world is not felt.
Transactions can be done from anywhere as long as there is an internet network and happens at the same time, because all payments use digital money. Cryptocurrency makes it easy to make transactions even if it occurs in various countries.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
June 25, 2019, 06:22:40 AM
cryptocurrency is something new and interesting for many people, and it's like a new form of investment with great volatility, and actually my hobby.

Nice hobby you have, you are playing with a risky market, for me, I would not call it a hobby, I'll call it a business where I need to be serious to ensure I make the right decision. For me, there is a need of crypto as it's a game changer in the financial world and this is decentralized which favors us people since it's more transparent and a real store of value.
member
Activity: 805
Merit: 26
June 25, 2019, 05:36:14 AM
First of all, we deserve a transaction that is hassle free and a payment freedom. We can possibly send and receive money anywhere in the world anytime. No banking process, less effort and less payment. The most important is that as an earner we should have a security from our transaction that will kept and be sensitive to our personal information. Here in crypto world, you are the one to fully control your money.
jr. member
Activity: 89
Merit: 2
June 25, 2019, 05:11:14 AM
A Cryptocurrency is a medium of exchange like standard currencies such as USD but designed to exchange digital information. There are many reasons why we need cryptocurrencies:

1.Fraud-proof: All confirmed transactions are stored in a public ledger. The money is decentralized; you own it. Neither government nor bank has any control over it.
2.Identity Theft: All transactions between 'digital wallets' calculate the accurate balance, which is ensured by the ledger. This public ledger is known as 'Transaction Blockchain.'
3.Instant settlement: Ease of use is the reason why the cryptocurrency is high in demand. With smart device and internet connection instantly, you become your bank making payments and money transfers.
4.You are the owner:  There is no other electronic cash system in which you own your account.
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