Topic: What is the mission of crypto? - page 20. (Read 2900 times)
Crypto money is still very young. It has not matured yet. In the near future, the usage rate of crypto money will increase. It is obvious that decentralized money will be very valuable.
I learned a lot about crypto but I still do not know what it was born with a mission.
The mission started with bitcoin, read it's white paper. https://bitcoin.org/bitcoin.pdfBitcoin is the starter of cryptocurrencies so they all have the same goal and mission to portray for the world's different industries.
I have heard many people say that crypto will change the world, crypto will be the future currency to replace real money, crypto will be applied to life
That's right and it's being applied to some services already and there are merchants who are accepting it as payment.I still have not seen many things Applying from blockchain technology instead of paying for some co-payments between projects.
Blockchain is the tech behind crypto but it's not only applicable for it. There are many use for blockchain that can be applied to a company like bank, voting process and many more. I know crypto by the end of 2017. I learned a lot about crypto but I still do not know what it was born with a mission. I have heard many people say that crypto will change the world, crypto will be the future currency to replace real money, crypto will be applied to life, .... I still have not seen many things Applying from blockchain technology instead of paying for some co-payments between projects.
We already know that every finacial transaction has third party involved because each of us are controlled by them, that's why crypto created to decentralized the individual's assets,so that all people in the world have rights and freedom to be comfortable.
It is worthy of note that the traditional financial systems have failed. Money as it is perceived in this modern Era isn't what it is meant and should be. There is supposed to be a fixed supply of money inorder to curb inflation and to keep the value of people's money on the rise. But banks aided by the government have the advantage of printing more money keeping the system over saturated with money. Almost every cryptocurrency has a fixed total supply which can't be exceeded. So this will make the cryptocurrencies be scarce as more and more people try to get them. The resultant effect is the price of cryptocurrencies rising. Another feature that cryptocurrencies have is blockchain. This feature allows for transparency and makes you to see everything single thing happening on the crypto space. No one is kept in the dark. Financial institutions like banks don't have this feature. Another mission of cryptocurrencies is to eliminate the need for middle men while making transactions. You don't need any middle man to verify your transaction as everything is decentralized.
Bitcoin's mission is to replace paper money and at the same time to destroy the centralized banking system
ETH has other purposes. Therefore they have smart contracts that are applicable in many spheres of life
You may have misunderstood about Bitcoin. Bitcoin will not be able to replace FIAT as well as destroy decentralized banks. Bitcoin will benefit people for transparency, high security ... It can not destroy bank. It only makes it possible for banks to apply it to the system ETH has other purposes. Therefore they have smart contracts that are applicable in many spheres of life
What is the mission of crypto? The answer to this question is very simple " decentralization of monetary system " that is the goal of this technology.
Crypto in general or Bitcoin in particular is created by Satoshi, so if you want to know the true meaning of Crypto you should ask Satoshi directly (if you can contact Satohi). The explanation of others is simply their inference.
no, cryptocurrency not made to replace real money, its function is almost the same as e-money but we can make it an investment because it has up and down values
Bitcoin's mission is to replace paper money and at the same time to destroy the centralized banking system
ETH has other purposes. Therefore they have smart contracts that are applicable in many spheres of life
ETH has other purposes. Therefore they have smart contracts that are applicable in many spheres of life
Well, what was the mission of the internal combustion engine? Or electricity? The internet?
I assume by "crypto", you mean blockchain technology, right?
It's not like people make inventions to solve an existing problem and that's where everything stays. If you have new technologies, you have new and unintended use cases.
There is no "mission". There is new technology, which will fill a gap that's there. And at some point, people will notice that they can do stuff they couldn't do before.
I assume by "crypto", you mean blockchain technology, right?
It's not like people make inventions to solve an existing problem and that's where everything stays. If you have new technologies, you have new and unintended use cases.
There is no "mission". There is new technology, which will fill a gap that's there. And at some point, people will notice that they can do stuff they couldn't do before.
so i do Thing that most cryptos at the Moment are overrrated. Why do you Need a this amount of different currency to pay for Things in life ? i think that not more than 100 cryptos will be succesfull in Long run
Crypto won't replace money, I think the criterion is to speed up online payments, and as a commodity that many people believe like gold
I know crypto by the end of 2017. I learned a lot about crypto but I still do not know what it was born with a mission. I have heard many people say that crypto will change the world, crypto will be the future currency to replace real money, crypto will be applied to life, .... I still have not seen many things Applying from blockchain technology instead of paying for some co-payments between projects.
It is right when there is just a few of blockchain projects are applied in real life. But in the future, I beleive that blockchain will be applied widely in the life, almost whole fields. And Crypto is a tool to manage blockchain system
the main mission or at least the ideals have been to have a decentralized payment system that the government and banks can not control and/or corrupt, censor,...
but the reality of it has turned into a money making machine where whales earn money from the newbies by pump and dumping altcoins.
but the reality of it has turned into a money making machine where whales earn money from the newbies by pump and dumping altcoins.
Cryptocurrencies were created in order to equalize all people.To exclude the participation of a third party in the transaction.To blur the boundaries of payments.I believe that sooner or later this will happen.
I know crypto by the end of 2017. I learned a lot about crypto but I still do not know what it was born with a mission. I have heard many people say that crypto will change the world, crypto will be the future currency to replace real money, crypto will be applied to life, .... I still have not seen many things Applying from blockchain technology instead of paying for some co-payments between projects.
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