Why the world really needs virtual currencies - page 26.

xIIImaL

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Quote from: webtricks on August 10, 2017, 10:40:07 AM

First of all I would like to make remark on 2007 World Crisis, when whole world was suffering from huge financial illness, Asian countries especially India were almost untouched from it. So we can say America is no longer the only leader of global economy.
Now coming to Bitcoin, no doubt if countries start recognising the importance of Bitcoin and maintain their reserves in it, they would never see the crisis phase again. It will help countries to eliminate internal recession where reserves value may enhance without any increase in productivity.

You are comparing America with India. Now India is not in the list of developing country also. I hope they will become like Somalia soon because of their government policies.
Virtual payment option is not only in digital currencies even in banking they are also having online payment option to earn the fiats.

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legendary

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World are subject to change as technology also got advance every time so people may need some currency that able support their task
Virtual currency offering less fee and fast transaction, 2 main points that very useful for this digital era

Oilacris

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Quote from: webtricks on August 10, 2017, 10:40:07 AM

First of all I would like to make remark on 2007 World Crisis, when whole world was suffering from huge financial illness, Asian countries especially India were almost untouched from it. So we can say America is no longer the only leader of global economy.
Now coming to Bitcoin, no doubt if countries start recognising the importance of Bitcoin and maintain their reserves in it, they would never see the crisis phase again. It will help countries to eliminate internal recession where reserves value may enhance without any increase in productivity.

We do see this importance on bitcoin and possibilities of the things that might be considered to be used into bitcoin but i would really bet that they wont be interested on this matter.They wont really decide to use this as a tool since they do really have high beliefs on the capacity of their own currency without depending on this virtual currencies.

webtricks

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First of all I would like to make remark on 2007 World Crisis, when whole world was suffering from huge financial illness, Asian countries especially India were almost untouched from it. So we can say America is no longer the only leader of global economy.
Now coming to Bitcoin, no doubt if countries start recognising the importance of Bitcoin and maintain their reserves in it, they would never see the crisis phase again. It will help countries to eliminate internal recession where reserves value may enhance without any increase in productivity.

darkangel

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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/

Many people think bitcoin is a virtual currency. But the bitcoin value is still calculated and paid to us by cash through the bank account if we want. Bitcoin activity is also needed in today's modern society. When there are many ways to participate in making money like buying bonds, stock, bitcoin.

Przemax

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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/

Only those who can afford not to burnout of their btc fast during the crisis could be the financial crisis proof. You still have to eat, drink and basicly live.

When inflation would kick in everything would be so expensive that only the richest will not get poor, they will even be richer on speculation and thieving people out of their money. I would say that middle class would have the worst. They are the ones that have mortgages and other silly debt and silly needs.

Orbolon

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Slow death

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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/

Anonymity and freedom, governments can not stop user transactions or freeze their accounts

Very low transaction fees, this is an advantage when shopping online. See the case of venezuela, some people eat thanks to biticoin, of course not all people using bitcoin in venezuela.

shield132

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It's really easy to answer. Currenly it's easy and cheap to buy simple pc or smartphone, also people enjoy it so many of them has pc, laptop or smartphone. When you have this, usually you have internet also or catch wifi. This means there is high percent of people in internet. Also nowdays online shopping is very popular, so popular become online dark shops, it's more easy and safe. So all these caused need of virtual currencies, it gives us opportunity to feel safe and secure when making payments.

johanesrobin

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The ease of transactions to be the main choice right now, everyone does not want to get barriers to access anything including money. The right choice is to use Bitcoin very securely and not taxed only cheap fee. That's an important factor in my opinion.

Pleione527

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We are now heading to more technological future and I think it's about time to adopt different technology that will surely helps people in their day to day transaction like crypto currencies...it is really a great idea that bitcoin is acceptable globally and that having it gives financial freedom to the users in addition bitcoin is very safe that you don't have to worry that your money can be steel by any one

yugyug

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as long as we are connected to the virtual world where internet is the medium, virtual currencies do co-exist is just like living in a virtual community such as social media as a form of secure transaction we need a virtual currency but virtually had come to an end when the world stricken by the doomsday and the internet is gone, virtual currency is useless.

Palmerson

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The world needs alternative currencies because the current financial system has ceased to be economically justified and turned into a political one. It promotes unfair distribution of income and does not allow itself to someone who deserves decent pay.

CuriousGeorge

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KUWA.ai

Quote from: CARrency on August 08, 2017, 03:02:38 AM

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/

I think bitcoin is needed in the future because we need a secure type of currency. The way we are now, there are a lot of hackers and criminals that want to get our saved money online, they will be doing a lot of research and knowledge on how they can hack your account. Also, the discovery of blockchain will be a help in the future.

The decentralized is a crucial part from the blockchain itself. That makes the blockchain secure. by the way, it's not about the security of our money but all of our life already mixed by the digitalization. That makes sense if the world seriously needs the digital currency.

Heyyyrenz

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We're growing now it's a big step for the future, bitcoin or any cryptocurrency is part of our growing society there's many good features about using it.

1. GLOBAL CURRENCY - Meaning you can use it whenever you are or what race you are. One good thing about this coin is that it doesn't matter where you are or what you are you can use bitcoin to pay others, or receive payments.

2. TRANSACTION - Like what i've said you can use bitcoin to transact wherever you are and whatever you are.

3. NOT STABLE - Meaning if you have a coin (doesn't matter what it is) there's a high chance that it's value may grow or dumps.

4. OPPORTUNITY - The best feature i like about cryptocurrency is the opportunity it gives to the people, to the people who's unemployed and to the people who wants to earn but can't find a way to earn. The good thing about working on cryptocurrency is that

•You can work what ever is your age.
•There's no age limit or age requirement in order to work.
•Be a part time job or your main source of income.

leonair

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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.

farhaan

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USD has been enjoying the position as global reserve currency for the past seventy years.Every thing is internationally traded in USD.Most countries are having USD as their national reserve currency.So,whenever there is a change in USD price,it immediately affects the world economy as well as most of countries economy.So,china,russia,iran had been already searching for another currency instead of USD.Now,bitcoin has given a way to use it instead of USD.By this way,the dominance of USD will come o an end and no country would get affected by changes in USD.

FlightyPouch

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I also think of this and I think I can share my opinion about this one.

Since we are in a world where "virtual" is being attached, the digital world is coming into an end. As you can read and see on the newspapers and the news there are a lot of technology today that is being linked to virtual world. An example is the virtual world, I know most of us here heard of it, especially anime lovers. We are going straight into a world where we can stay at home still we can do what we are usually doing and that is how it is connected to virtual currencies.

There will come a time when people don't really hang out, but hang out online. Talk to other people, go to other places but in reality, they are at their houses. The future will really make you think and make you excited.

CARrency

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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/

I think bitcoin is needed in the future because we need a secure type of currency. The way we are now, there are a lot of hackers and criminals that want to get our saved money online, they will be doing a lot of research and knowledge on how they can hack your account. Also, the discovery of blockchain will be a help in the future.

Dudeperfect

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Well, when something huge is away from the control of the group of the small number of people (we call them our representatives) there are fewer chances of affecting the financial status or mindset of the large population. When the something called value (not the promise of paying the value) is held by the large population, they will try best to defend their financial position in the global downfall since they own the control of their values. Crypto currencies would play a key role in the coming years that would transform the way we used to live in the financial society.

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