Why the world really needs virtual currencies - page 18.

stepwilli

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Quote from: sukamasoto on September 26, 2017, 12:45:53 AM

Quote from: pugman on September 26, 2017, 12:11:42 AM

World needs a virtual currency because one paper currency differs for every country and crypto currency can be used world wide, usage of paper can be massively decreased if crypto currency is considered to be a world currency by governments. And with technology improving by the day, paper currency is out dated and corruption is more because of paper currency .

Bitcoin become alternate currency that ever made on this digital era. Every people will keep looking for making transaction easier and cheaper fee so it's all on bitcoin. But fiat still can't be replace by bitcoin since they are 2 different things and they have their own advantage and disadvantage

Actually this is the real point of cause behind this question. Why we are going to use such virtual currency that even don’t exist physically. The reason is simple.

Everyone wants a cheaper and simple transactions that can be controlled by them, not by someone else. So fiat couldn’t be replaced, you are true but these both type of currencies will be used in pair in future.

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Quote from: Jose Mourinho on September 26, 2017, 09:09:54 PM

Because of economic problems and increasingly complex financial world, we all know that the weakness of the current economic system is centralised so as to make the Government as dictatorial. bitcoin is a solution of many economic problems.

And bitcoin being decentralized it can help people with the economics problem like in Zimbabwe the depletion of money is high like you just can buy a meal for one person with that huge amount of money. Over time, their money will devalue. But having now a digital currency, we can have an alternative to our local currency. That's why I'm hoping that soon bitcoin will be accepted everywhere.

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Because of economic problems and increasingly complex financial world, we all know that the weakness of the current economic system is centralised so as to make the Government as dictatorial. bitcoin is a solution of many economic problems.

Capt00

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We need it, but in some areas only. I can say that virtual currencies isn't good enough to used at this moment because isn't fully embraced by the people around and also because few numbers of establishement are accepting this kind

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Quote from: Altero on September 26, 2017, 01:15:14 AM

Quote from: zekeshawn on September 06, 2017, 11:52:05 PM

The world needs virtual currencies because we are now living in a kind of world that uses the technology all the time so virtual currencies is more convenient and easy to use for us.

We are now in new generation, it's a computer era and we can make lots of transactions using this that's why we need virtual currencies today. Using this virtual currencies making our life more comfortable than before and we can used this technology anytime. It helps us to save time, and those time we save is a big enough to used in performing another task.

Its not really needed as in the level of fiat where you can't survive a day without it. Virtual currency loosens up our reliance for fiat but it can't be the same way around. We still can live without virtual currencies but i don't think its a necessity for most of us

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Quote from: zekeshawn on September 06, 2017, 11:52:05 PM

The world needs virtual currencies because we are now living in a kind of world that uses the technology all the time so virtual currencies is more convenient and easy to use for us.

We are now in new generation, it's a computer era and we can make lots of transactions using this that's why we need virtual currencies today. Using this virtual currencies making our life more comfortable than before and we can used this technology anytime. It helps us to save time, and those time we save is a big enough to used in performing another task.

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Quote from: pugman on September 26, 2017, 12:11:42 AM

World needs a virtual currency because one paper currency differs for every country and crypto currency can be used world wide, usage of paper can be massively decreased if crypto currency is considered to be a world currency by governments. And with technology improving by the day, paper currency is out dated and corruption is more because of paper currency .

Bitcoin become alternate currency that ever made on this digital era. Every people will keep looking for making transaction easier and cheaper fee so it's all on bitcoin. But fiat still can't be replace by bitcoin since they are 2 different things and they have their own advantage and disadvantage

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Quote from: setupbounds on September 23, 2017, 06:05:52 AM

Quote from: DrGuns4Hands on September 12, 2017, 11:29:48 PM

i think one of the reason why the world need a virtual currencies like bitcoin and other altcoins is because the world is already populated and they need to cut trees in order to make a paper money so one of the reason to stop global warming was bitcoin. bitcoin really helped a lot in the economy since bitcoin already in many years in this world . I think bitcoin really did a great job.

The world is digitalizing in a very high speed and I think that it is the demand the modern age many more old things have been abolished with passage of time because the old one could not fulfilled the needs for example the introduction of ATM as well as online banking system which has simplified the withdrawal of money from the bank instantly everywhere.

In the fact, time is gold and no one wants to waste its time. However, besind the speed of technology transfer money, it always has the risk and sometimes, it does not better than transfer slowly, because I can not cancel my request if it is instantly Grin

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World needs a virtual currency because one paper currency differs for every country and crypto currency can be used world wide, usage of paper can be massively decreased if crypto currency is considered to be a world currency by governments. And with technology improving by the day, paper currency is out dated and corruption is more because of paper currency .

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Quote from: warrior333 on September 12, 2017, 06:09:00 AM

In fact, the world needs decentralization. People have lost confidence in the government and it can only be restored by transfer of the powers to the people. Crypto currency is one such opportunity. Why people need such a mechanism.

World really need virtual currency because this field have a lot of chance to gain high profit as compare to any other field and we can be able to trade anywhere sitting in our home .we can buy whatever we want from any store around the globe so world should accept the bitcoin this is the most profitable way of trading in virtual currency.

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Quote from: DrGuns4Hands on September 12, 2017, 11:29:48 PM

i think one of the reason why the world need a virtual currencies like bitcoin and other altcoins is because the world is already populated and they need to cut trees in order to make a paper money so one of the reason to stop global warming was bitcoin. bitcoin really helped a lot in the economy since bitcoin already in many years in this world . I think bitcoin really did a great job.

The world is digitalizing in a very high speed and I think that it is the demand the modern age many more old things have been abolished with passage of time because the old one could not fulfilled the needs for example the introduction of ATM as well as online banking system which has simplified the withdrawal of money from the bank instantly everywhere.

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It builds confidence and safety of your money because you don't have the fear of bank staff breaking into your access pin. No dependency or permission to operate the account by the government. It is safe.

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Quote from: Wong Gendheng on September 12, 2017, 11:28:32 PM

Because the virtual currency is the liaison between the many currencies that currently exist, we all know that in this world almost every country has its own currency and the presence of virtual currency can unify all these things.

You are very much right. I think this virtual currency is really the need of all the people living in 21st century. Most of us are very much afraid of keeping our asserts in the form of paper money, virtual currency gives them the security that not even a single penny will be theft or will be lost. Other than this, this is the best investment as well.

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Quote from: DrGuns4Hands on September 12, 2017, 11:29:48 PM

i think one of the reason why the world need a virtual currencies like bitcoin and other altcoins is because the world is already populated and they need to cut trees in order to make a paper money so one of the reason to stop global warming was bitcoin. bitcoin really helped a lot in the economy since bitcoin already in many years in this world . I think bitcoin really did a great job.

yes if you talking about the environmental impact of paper production then it hurt our earth. but paper money is actually not paper, but is made of cotton/linen material. and literally exploiting cotton tree are not that harmful / dangerous for the life environment.

so i think you just misunderstand and hope it a bit of an insight about what actually the urgency virtual currency invention.

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Quote from: leonair on August 10, 2017, 06:18:21 AM

In My own opinion world need virtual currencies because people created virtual world and with that you need a virtual currencies to take part of it plus the may essence of crypto currency is not only to serve as money in digital world but it is more faster and cheaper in fees. Maybe someday when we discover that there is another alike species besides us then we may need to create a currency for that also.

Yes, exactly.
Virtual money is free, easy, and keep the privacy.
No need an ID card to use it, any age can use it.
It's good for teenager who want to start doing online business.
A lot of people want to make money but they get trouble because of currencies.
Virtual currencies is the answer.

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Quote from: Saj.Daya on August 08, 2017, 02:13:50 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/

Material is limited when we over-exploit and we need virtual things like Bitcoin. It is as valuable as the material, but it is not real, it is the sequence of codes linked together through algorithms. Therefore, it can not be stolen or duplicated. When the world is affected by a big economy, we need something with it, Bitcoin. It balances the US economy, avoids the ongoing economic crisis, capital is distributed evenly in the world, there are no limits. Therefore, the world really needs virtual money

Doms

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We live in a world where things of the past must constantly be improved to cater to our ever changing needs. Virtual currencies might not be viewed by many as something that necessary for now, but when the time comes that technology is so advanced that there's no need for paper currencies, I am sure that bitcoin and other currencies would really be appreciated the world over. The convenience it gives us would definitely outweigh whatever doubts or reservations we have in using them.

ajmapalo22

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It is good that virtual currencies are introduce in the market because it helps people to earn well and make some sort of investment or savings. Many country are suffering in economic crisis but when bitcoin was introduce many people protect themselves and ensure that they can still have a better future ahead. The world is now moving forward with the technology and should adopt different ways to help their lives and have a better future and virtual currencies is one of the answer for that.

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Quote from: Orbolon on August 10, 2017, 09:20:44 AM

To get away from the government tracking your every move and transaction. Freedom baby!

Virtual currencies are now the most convinient way of transactions from earning to paying in the whole world in which government could not interrupt and could not impose tax just yet except if they totally declaring it as nations fiat then they could now apply tax or control over it. So for now we must not wasting the time depending on bitcoin before its too late because every government may declare anytime of what they think they say what is good for their people with hidden agenda.

DrGuns4Hands

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i think one of the reason why the world need a virtual currencies like bitcoin and other altcoins is because the world is already populated and they need to cut trees in order to make a paper money so one of the reason to stop global warming was bitcoin. bitcoin really helped a lot in the economy since bitcoin already in many years in this world . I think bitcoin really did a great job.

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