Topic: Why cryptocurrencies necessary in today's world - page 3. (Read 452 times)

At the moment I see only 2 fundamental functions of cryptocurrency. The first is a means of payment without an intermediary, the second is a means of accumulation. A huge number of projects was created to introduce the crypto currency into everyday life. But for now it doesn't work. Need time

Why Cryptocurrency is indispensable in today's world? yes because a technology from Cryptocurrency has more advantages

What is the real-world use of this cryptocurrency? in the real world crypto can be used various kinds

Why are not traditional assets and currency sufficient? because the value of traditional money is very low in the appeal of digital currencies

What are the benefits of having bitcoins over dollars or other currencies? the benefits of bitcoin very much, we can use it to invest

Where do we use Cryptocurrency in the world today? where there is an internet network where it is

Newly Added Questions

What are the benefits of a real cryptocurrency? can produce tremendous assets

Why are you so excited about the introduction of digital currencies? yes of course that's all very meaningful, digital currency is more practical to be kept in the form of a safe asset

The digital economy was created thanks to Bitcoin it brought significant technological advances, changing the digital money landscape when it was introduced in the world in 2009 and was followed by many other types of criptomoedas.
But as the world advances with all the information and changes we can not fail to appreciate such a feat, now predicting the outcome of how digital money will change society is still not possible.
However, we know that the way humans exchange value these days is clearly changing direction, and bitcoin has made it move further, its historic leveraging the altcoins

The use of cryptocurrency for easily sending money and cheaper fee around the globe is one of the good use of cryptocurrency.

Privacy and to avoid leak of personal information is important too.

Electronic money is needed in today's world because electronic money has superior advantages over cash. Life today can not be separated from information technology. The application of information technology in all areas of life is an indispensable trend. Instead of using cash as a traditional form of payment, people now use electronic money to make transactions faster, more convenient and more private. Although not yet popular, electronic money is likely to be widely used in the near future.

Because in the near future we are waited with global changes that will seriously change everything to what you are so used to, I think that many people still do not know what crypto-currencies are and what is behind them. People need time.

Why are you asking the same question twisting them? Cryptocurrency is necessary in the world today because it is the future of financial transaction. The world economy is widely accepting cryptocurrency and even major buying and selling platforms like Amazon and Alibaba are planing to introduce blockchain in their system.

They are as necessary as a mobile phone. That is, not at all but it is cool to have them. They can deliver plenty of value in the health industry, insurance, banking,... so much power.

Crypto currency is important today because almost everyone who has access to the Internet can use digital money. With the help of digital money, capitalization of investments becomes much more accessible, the same transfers for payments for goods and services anywhere in the world, bypassing financial and controlling organizations.

Cryptocurrencies play a vital role in today's world, as it makes transaction more easier from one end to another with a very fast speed. Furthermore it creates room for an investor to invest secretly and earn big when time comes.

The real benefit cryptocurrency gives me as a person is that, apart from the use-cases of most of the projects and their coins that we have, cryptocurrency is a very good means of investment for me. I do not mind if it goes up or down, i just love the investment part of it.

Yes it's a new type of investment, yes it can be useful in soo many ways but does it benefit for you in normal life?

1. Fiat money is designed to lose value to drive consumption and taxes up.
If you have 100$ you would be able to buy 98$ worth of goods in 1 year.
81,7$ worth of goods in 10 years if the government won't print some more.
So fiat money always flows where capital can be saved from inflation.
Cryptocurrencies are one of the good bets longterm.

2. Your bank account can be frozen and a bank can prohibit a transaction you want to make.
Crypto if free from it.

3. Too much control over banks caused counter measures.
A private person could be just fine with a bank account and Visa/MC, but companies not so much.
You can't make any international transfer now without lots of documents and banks block accounts of legitimate businesses every day because they disliked one of the clients for example.
So international business will adapt to use crypto.

4. Volatility.
That's the bad side of crypto right now for many use scenarios.
But stable tokens are coming.

5. Speed and volume of transactions.
Cryptocurrencies will be fast and will be able to process millions of transactions in the nearest feature.

Cyptocurrency is the new type of investment and a digital currency as well. It is really a necessity in this world today. It is an alternative to cash because it can be use to buy products and also being use to send and receive money. It is very convenient to use because every transaction is through the internet.

Very professional answer to all the questions and the way you describe the cryptocurrency features is very good,
I am not against crypto currencies i just want it to be more useful in every life.

The conversion of legal tender in different countries is quite troublesome.
So bitcoin can be an international currency, solving these problems,

Since cryptocurrency's an answer to the financial needs of all mankind in the present and future times, cryptocurrency is so easy to use that it can be accessed by everyone, from person A to person B, from country A to country B (cross-border transactions) and not limited to the type of currency applicable in their respective countries.

If our country permits maybe cryptocurrency can be used as a payment method like its fiat money that we use every day to buy the essential goods needed every day, shop for household items, pay for the fare and other necessities.

Actually, it's not because it is not enough, even the traditional currency is more numerous its amount if compared to cryptocurrency, however because of its benefits as well as its limited distribution and only valid in one country only, then the benefit effect feels less effective (this is the point of his problem).

Bitcoin is a digital or virtual currency that uses cryptography for security. Bitcoin is difficult to forge because of this security feature. Bitcoin has the most appealing appeal, that is, its organic nature (it is not issued by any central authority). Thus, in its development, bitcoin is immune to the catastrophe of the monetary crisis and has no effect on the dollar or other currencies.

Wherever in this world as long as we have the internet network cryptocurrency easily accessible by anyone and anywhere either through smartphone or computer.

Cryptos are neccesary in today's world because we need a way to be able to control our funds privately and not rely or trust on 3rd parties that can betray our trust.

Cryptocurrencies  is necessaries in todays world because  the world now needs a capitalize country thats promote economic growth and social responsibility,therefore the traditional asset are not enough to support all of the needs of the people in this cruel world for the needs of economic progress and other development infrastracture,while in the other hand its has a big advantage to have bitcoin in asset in your wallet compared to dollar,because its have a great value  and its decentralized  currency that can be use in different transaction,like paying bills or buying  or wants in life and lastly its can change to fiat for buying our everyday needs.

I see us moving towards stablecoins for everyday transactions. I would look into Havven. Stablecoin that isn't pegged ti fiat or gold.
https://havven.io/