Why the world really needs virtual currencies - page 12.

semutracing

full member

Activity: 350

Merit: 100

Quote from: Saj.Daya on August 08, 2017, 03:13:50 AM

I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! Grin

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/

yes the era is getting more advanced and the earth population also need technological progress, one of which is the virtual currency that is currently becoming famous in the world crypto is bitcoin currency, because with the virtual currency will facilitate in terms of transactions and will add to the economic progress

Cointertrade

full member

Activity: 238

Merit: 100

Quote from: Saj.Daya on August 08, 2017, 03:13:50 AM

I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! Grin

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/

We are now in the modern world where everything is high tech and it is now our new society. Just like in our world not involved technology we need money to buy our needs in our daily life. So in the online world we need virtual currency to avail different services and invest online.

usorin

hero member

Activity: 1134

Merit: 500

The problem with the digital money is that if you dont have electricity then you dont have money, so it is a bit catchy. We are not ready to depdend only on digital coins because the energy it still is expensive and who controls the energy, solar-wind energy sistems and so on, they will have a strong word in the digital currency.

mickeybuddy27

full member

Activity: 429

Merit: 102

Quote from: Bestpromoter on October 28, 2017, 01:11:08 AM

well that is because there are so many people now, and almost all of the people are going abroad just to work and when they need to send some money they don't have to go near money messenger all they need is a virtual currency and send money.

Virtual currencies help to lessen the fees on all transaction wherever around the world as long as they accept it in different country. It will be for the purpose of having a fast, more convenient, and more secure transfers of money for different purposes without interruption by the government.

katiecbell

hero member

Activity: 644

Merit: 500

Quote from: Bestpromoter on October 28, 2017, 01:11:08 AM

well that is because there are so many people now, and almost all of the people are going abroad just to work and when they need to send some money they don't have to go near money messenger all they need is a virtual currency and send money.

Yes this is somewhat a solid reason for many people to join bitcoin world. They don’t actually want to hold paper money. All they need is to have a virtual currency so that they just get some buzz out of it. No moving, no going, no taxes nothing.

You want to send money, okay just send. Plus there are so many reasons too for more different people, bitcoin is spreading all over the world.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: An0nyMoose on October 28, 2017, 10:58:20 AM

The world needs virtual currencies because there is technology all around the world that exists that would work perfectly with it and allow for ample innovation.

At this point, virtual currency is mostly for convenience and ease. We can sti live without it though life will be considerably harder especially for the newer generation who rely heavily on technology.

An0nyMoose

sr. member

Activity: 490

Merit: 255

The world needs virtual currencies because there is technology all around the world that exists that would work perfectly with it and allow for ample innovation.

GorillaDental

member

Activity: 70

Merit: 10

War torn countries, countries with ruthless leadership especially... their citizens benefit from a globally accepted currency that is secure. Everyone benefits from a currency that appreciates better than money in a bank.

konco_kenthel

full member

Activity: 378

Merit: 100

indeed bitcoin including one tool transaction is able to provide a positive impact for the users because of the movement of the coin very quickly so that can provide great opportunities in seeking advantage of the price Exchange significantly increased and definitely in European countries also in desperate need of existence.

50ouncebrew

sr. member

Activity: 459

Merit: 251

The world really needs virtual currencies because the way we use money today is extremely archaic. So many third parties to go through, with all the technology we have today you think we'd have better money, and now we do thanks to BTC.

Malaya

full member

Activity: 322

Merit: 102

Virtual currencies are for the advancement of our society. Having bitcoin and other altcoins are good for the cashless world in the future. People nowadays look for faster way of transaction. For what I see now, it is not possible that the world will be indeed a cashless society and how the technology will evolve. World economics will be as well different as it will handle digital currencies that time.

maku

legendary

Activity: 1288

Merit: 1000

Quote from: alisafidel58 on October 28, 2017, 01:48:11 AM

There are few valid reasons why the world needs virtual currencies like bitcoin.
1. Bitcoin was introduce to us because when US economy went down all other countries jobs and currencies are affected.
2. Virtual currencies arent affected by fiat so even if a certain fiat currency is down our virtual currency (bitcoin) is not affected.
3. Virtual currency like bitcoin has no tax which the government are required for us to pay.
4. You can do fast transaction without the hassle of giving a certain person or company to much information about you.

1. Global Economy is connected - bitcoin might be sitting happy on sidetrack of it - but I assure you when we will see another global economic crisis bitcoin price will skyrocket -
which means that bitcoin is affected by fiat economy - just not in the standard way we imagine.

2. Fiat crisis = bitcoin gain.

3. Do you honestly think that cryptocurrencies won't be taxed in the future? For now, it is a kinda fresh concept and government are baffled by it.
I expect that soon bitcoin/cryptocurrencies will be fully legalized and certain tax regulation will be put in place.

4. In most cases you will still need to fill some information, you cannot use services without fist crating account first, right?

rey.fudz15

full member

Activity: 204

Merit: 100

Quote from: Saj.Daya on August 08, 2017, 03:13:50 AM

I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! Grin

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/

The rise of bitcoin or i should say the rise of virtual currencies are essential among us because it could make us adapt to the progress of our technology. without virtual currencies we cannot take advantage of our technology specially when it comes to business transactions.

Andrianla

full member

Activity: 331

Merit: 100

I agree, virtual currency can not be contested, because it is a complicated system. But I think there are good and bad impact.

ivrynx

full member

Activity: 518

Merit: 103

The world we live in is more advance than the last century, the world needs cryptocurrencies now, in order to make our lives better, we are no longer living in the 1900s where in it is a struggle to gahter information, and more especially we are now in the time, wherein people from the 80s are waiting to see, I think, though we don't have flying cars yet, because of our technology we have created cryptocurrencies, that is beneficial to us, we no longer need to go to banks to make our payments, we can do it now using our smartphones, and without hidden charges and tax if we use bitcoins. The world needs it today, since it is much secured than banks, not easy to hack and in time it grows in value, I don't see why would we prevent such an amazing technology that was develop to benefit us all.

MOTHIT

member

Activity: 98

Merit: 10

The technology is the real reason why the world needs virtual currencies. To handle it very safely and receive the money anywhere in the world which is the concept of virtual currencies. Now people are doing on line jobs and their payment is paid through virtual currencies only so there is no doubt that it is times requirement.

alisafidel58

full member

Activity: 364

Merit: 127

There are few valid reasons why the world need virtual currencies like bitcoin.
1. Bitcoin was introduce to us because when US economy went down all other countries jobs and currencies are affected.
2. Virtual currencies arent affected by fiat so even if a certain fiat currency is down our virtual currency (bitcoin) is not affected.
3. Virtual currency like bitcoin has no tax which the government are required for us to pay.
4. You can do fast transaction without the hassle of giving a certain person or company to much information about you.

jokowi

hero member

Activity: 867

Merit: 522

Quote from: Saj.Daya on August 08, 2017, 03:13:50 AM

I came across an article this morning that, to me, really shows why the world needs a virtual currency. I'm from England, and there's a saying here that goes: "When America sneezes, the rest of the world catches a cold." The article discusses the history of the Asian Financial Crisis, and how we may be heading toward something similar.

It amazes me that we have a currency that can potentially protect us (working people) from global financial crises. This is unique and incredible time in history! Grin

https://www.rt.com/op-edge/398890-financial-crisis-asia-curency/

The world does not need virtual currency but needs a valuable currency and has the ability to trade fast, cheap transaction costs. And bitcoin has met those preeminent features. And it is important to be able to trade and use in every country in the world.

Bestpromoter

full member

Activity: 322

Merit: 100

well that is because there are so many people now, and almost all of the people are going abroad just to work and when they need to send some money they don't have to go near money messenger all they need is a virtual currency and send money.

Ilegendph

full member

Activity: 434

Merit: 103

Thinking on the higher plane of existence.

As we all know technology boost businesses trough communication alone and we see how it evolves 50 years ago. And when the entrance of virtual currency, I think small scaled businesses and freelancers will be benefits the most and the one who is protected by these virtual currency against financial crisis of their nation.

Topic: Why the world really needs virtual currencies - page 12. (Read 8392 times)