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Bitcoin => Bitcoin Discussion => Topic started by: First77 on July 06, 2018, 07:39:04 AM



Title: What problems can Bitcoin & Blockchain solve ??
Post by: First77 on July 06, 2018, 07:39:04 AM
What problems in the world can Bitcoin and blockchain technology solve ?


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: pxo.011 on July 06, 2018, 07:44:55 AM
What problems in the world can Bitcoin and blockchain technology solve ?
well there is a lot of problems that bitcoin solved like in the economy there is a lot of unemployed people, with bitcoin they acan work on their own no boss no qouta by doing trading, they also do bounty campaigns. and most i like is money remittance that can wire money anywhere , it can also aid the problems with money.so bitcoin has  lot of problem that solved


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: mocacinno on July 06, 2018, 07:54:37 AM
What problems in the world can Bitcoin and blockchain technology solve ?

The blockchain technology can solve many problems. It's a decentralised, immutable, trustless ledger (database)... There are tons of scenario's that pop to mind, basically any scenario where equal partners want to create a database between them, but don't fully trust one partner to run a classical database out of fear this one partner that hosts the db would tamper with the data.

You can use a blockchain database to store insurance information and share it between insurance companies and individuals; univeristy's can use it to store hashes of grades, titles, diploma's, so somebody interviewing for a job can immediately be crosschecked about the diploma's he/she claims to have;... and those are just 2 commonly known examples.

For bitcoin, the blockchain technology solves, amongst other things, the double spending problem. By storing transactions onto a decentral, trustless, immutable ledger, people can not double spend unspent outputs without their transactions getting rejected (given that the first transaction is already included in a block at the time the double spending transaction is broadcasted).

Even the people that hate crypto currencies see the potential behind the blockchain technology :)


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: phamhoa5874613@gmail.com on July 06, 2018, 08:16:33 AM
Bitcoin can be used as a payment instrument as well as for exchange. It is also a useful investment vehicle with high profits. Blockchain is an extremely advanced security system that is gradually being introduced into the life of a smartphone


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: First77 on July 06, 2018, 12:45:34 PM
Blockchain is a technology that allows anyone to send anyone else a piece of information, currency or data in a secure, transparent and anonymous way


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: jhache on July 06, 2018, 06:05:23 PM
Suppose you want to hire a freelancer and you find someone from another country, you have to pay a fee of around 3-4% while making the payment to him. Using Bitcoin you will cut out the middleman and won't have to pay such high fees. also Bitcoin provides you security and privacy while doing online transactions which you don't get with other services. Not to mention the fact that you are the sole owner of your money and governments have no control over it.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: First77 on July 06, 2018, 06:24:43 PM
Suppose you want to hire a freelancer and you find someone from another country, you have to pay a fee of around 3-4% while making the payment to him. Using Bitcoin you will cut out the middleman and won't have to pay such high fees. also Bitcoin provides you security and privacy while doing online transactions which you don't get with other services. Not to mention the fact that you are the sole owner of your money and governments have no control over it.

Paypal has chargebacks in case of fraud that is the reason online stores have paypal and no other payment processors like paytoo, skrill.

What protection does bitcoin offer in case the seller is fraud (send defective products or does not ship the product & services)??


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: kamoto on July 07, 2018, 12:35:19 AM
I would really like these two things to make the world a little more fair. Bitcoin is a decentralized currency, so if people changed fiat to bitcoin or another decentralized currency, the financial system would become much more fair.
A blockchain opens up access to many things. For example, fair elections. Elections conducted on the basis of this technology will be 100 percent honest. And this is only a small part.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Phil2018 on July 07, 2018, 06:50:38 PM
I feel this two thing can solve many issues especially the problem which are related with financial system like money transaction or paying bills ,It also opens a income source for the unemployed people , and blockchain is a database system which provides security to the activities which are done by users.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: dumiya on July 07, 2018, 07:09:55 PM
Bitcoin and other blockchains are decentralized. This mean no one can interfere and control the price like central banks do.

You can do faster transactions (within minutes) through bitcoin when compared to traditional wire transfers which take days to complete the transaction.

When it comes to other blockchains such as Ethereum and NEO, these blockchains supports smart contracts and people can build decentralized applications as well as DAOs. Decentralization ensure the trustworthiness.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Goodnuel on July 07, 2018, 07:30:04 PM
Bitcoin as a currency solves a lot payment related issues, especially for international trades or small businesses with numerous exchanges charges.
Blockchain on it's own is a huge technology that solves plenty problems. It can be used for numerous daily purposes.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: DOGECOIN92 on July 07, 2018, 07:32:19 PM
Blockchain Technology potentials are enormous, it’s increasingly getting accepted and adopted in different sectors of life. As an article writer, I have come across a lot of problems that Blockchain Technology has been able to mitigate. The various sectors cut across financial Payments systems, health sector, e-commerce, sports and more recently Blockchain integrated emotional intelligence. I believe there is still a lot of problems bitcoin and the Blockchain would solve.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: hatshepsut93 on July 07, 2018, 07:38:58 PM
Bitcoin was created to solve the problem of trust in electronic payment systems where the party that maintains the ledger has absolute control over it and users are totally dependent on them. Banks and centralized payment systems can print money, freeze and seize accounts, rollback transactions, they know about every spending you've made. Bitcoin has successfully solved all these problems in its first day. This is a pretty remarkable achievement, so even if blockchain tech will fail to become widely adopted, and even if Bitcoin won't replace fiat or become massively adopted, millions of people around the world will still find it useful.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: staceyrita on July 07, 2018, 07:58:56 PM
I think there are a multitude of use cases for bitcoin that are going to be very regionally specific. The beauty of this technology is that it's not a one-size-fits-all technology.


Though it is increasingly acknowledged by major business, investors and governments that bitcoin has the power to enable potentially world-changing financial innovations, fundamental issues are still holding back adoption.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: ResuLT on July 07, 2018, 08:04:59 PM
A privacy problem. Some of the people using Bitcoin for its privacy so it can't be trackable for who are transact this amount of BTC and who is the sender or the receiver. DarkNet is the example.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: cryptohopes on July 07, 2018, 08:07:30 PM
There is no limit to the scope where blockchain can be used. Blockchain is just a decentralized database. But this concept is so wonderful and worthy that it can used in many sectors and there is no boundary to it. Besides Bitcoin also can do a lot for saving the people from usual and old banking system. Bitcoin is working on that too. Hopefully it will succeed.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Roche44 on July 07, 2018, 08:12:26 PM
BTC can solved a lot of problems but among them the main problem that is solved by BTC is unemployment. People nowadays investing in cryptocurrency and it is making the economically stable. It is a big help for the nation that the unemployment problem is solving day by day.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: rajapatr1 on July 07, 2018, 08:17:58 PM
If it gets implemented good, i think that the centralization will come to an end, and it will be fully decentralized, i really that idea but i think that it will take a long time until we can see it happening in a near future, it will be difficult after all


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: OSEIBOATENG on July 07, 2018, 08:44:13 PM
Blockchain is capable of solving so many problems. The most important one is the one related to security and blockchain has proven beyond all doubts. 


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Markettoken on July 07, 2018, 08:46:06 PM
there are many problems that can be solved by bitcoin and blockchain one of which is to help reduce unemployment in every country, help meet the life needs of a bounty campaign and so on


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: jak3 on July 07, 2018, 08:55:55 PM
I don't know, tell me what physical currency will give you will Bitcoin cannot. I think Bitcoin provides additional security and flexibility with the money. it provides you with all the freedom you want and all the experiment you can do with it. It helps to remove all the corruption and without slowing down the network it provides a military grade security. maybe that's nothing for you but it is an awesome and cute stuff for everyone around the Bitcoin community.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: MilfordGannon on July 08, 2018, 12:18:22 PM
There are a lot of benefits in using crypto currency and lock chain. Firstly by using crypto currency the user can easily transfer the token to anywhere in the world with very les time and transaction fees, also as the market is decentralized any third party cannot involve in the transaction. Blockchain is a completely secure form of storing information.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Nezerlan on July 08, 2018, 12:23:07 PM
Bitcoin is already solving challenge of slow and limited banking transactions at a ridiculously low fee. Blockchain is widely used now by some logistics companies to track fulfiments and shipments


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: choice84 on July 08, 2018, 12:54:44 PM
First of all, I want to talk about decentralization and how BTC can change traditional economy. Secondly, the new transparency level for payments and transactions. But blockchain can be implemented only in countried with low corruption and digital economy.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: sandialoveth on July 08, 2018, 02:28:03 PM
The bitcoin and the blockchain are still solving various problems of the people. Its helping the economy enormously, its making the people employed, people noe can work on their own and also can do bounty campaigns.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Cult on July 08, 2018, 03:03:05 PM
I think the major issue bitcoin may potentially solve is replacement of fiat money system. State monopoly over money lets governments fiddle with the economy as they wish in order to meet their political goal, which however brings negative consequences such as economic crises. If Bitcoin becomes mass-adopted it has all chance to push all fiat out of the market and protect the world economy from interventionists.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: zolfa on July 08, 2018, 03:34:48 PM
there are many things that can be solved by blockchain, I see that the world economy is the main target blockchain that can be resolved.

the blockchain is also used by someone to record and save the agreement between North Korea and South Korea.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: LodisMcguire on July 08, 2018, 03:41:41 PM
Bitcoin can make us control our transaction ourselves without third party like banks to interfere.There're no fault in the system so far,you can safely do transaction to overseas.For blockchain,it can be used to record company transaction so it will be recorded and reduce the chance of embezzlement of money.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Mhd-Bobbi on July 08, 2018, 04:38:19 PM
What problems in the world can Bitcoin and blockchain technology solve ?
The first blockchain was conceptualized in 2008 by anonymous people or groups known as Satoshi Nakamoto and implemented in 2009 as a core component of bitcoin that serves as a ledger for all transactions. The discovery of blockchain for bitcoin makes it the first digital currency to solve multiple dispensation issues without the need for a trusted authority or central server. The bitcoin design has become an inspiration for other applications.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: collins_89 on July 08, 2018, 08:24:06 PM
Bitcoin is a virtual coin and peoples are trade with this coin and blockchain provides the security when trades are occur. That’s why it needs more security for the investors.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: AllenTurner on July 10, 2018, 05:34:17 AM
Through the blockchain technology, transaction becomes easier and faster. Various economical crisis can be met with Bitcoin and blockchain technology. It provides adequate transparency and is therefore anti corruptive in nature.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Gutenhans on July 10, 2018, 05:44:45 AM
The most important 2 problems that Bitcoin can solve are:

Printing money without a end PROBLEM (limited supply)

Banks "printing" digital money PROBLEM, every time when you deposit money with your bank that bank can lend 90% of the sum to someone else, because it's must have only 10% reserve (can't do that with bitcoin because of ownership)

The solution to these 2 problems will give us financial freedom. Something that we did not even hoped for  before bitcoin.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: dbijoy on July 10, 2018, 05:49:20 AM
Blockchain is gaining speed in the humanitarian sector. The technology is still in its early days, yet more than half of social-good blockchain initiatives are estimated to impact beneficiaries by the end of this year, according to a Stanford University report published in April.
These concepts have the potential to impact countless people. The report, which analyzed 193 organizations, initiatives, and projects that are leveraging blockchain to drive social impact, identified 20 percent of them as providing a solution that would not otherwise have been possible without blockchain, and 86 percent as providing material improvements over existing solutions.Still, the road for blockchain integration in philanthropy and international development is not an easy one. Development organizations, nonprofits, and governments tend to be risk averse and slow to adopt innovative and disruptive technology. And there remain a slew of unanswered questions about the potential negative implications. 
“Another significant barrier to wide-scale adoption is that introducing a new technology does not solve for the local economic and political forces that often impede the effectiveness and transparency of aid or philanthropic initiatives,” adds the report. “In order for blockchain to be a transformative solution, collaboration and open dialogue is required across borders and sectors to develop a sustainable and scalable solution.”
A growing number of donors are paying attention. In just the past few months, both the United Kingdom Department for International Development and Denmark’s Ministry of Foreign Affairs released reports on the opportunities for blockchain in international development. The United States Agency for International Development also released a primer two months ago on how


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: DavidCallahan on July 11, 2018, 06:03:46 AM
The world of crypto currency has done a lot of merits for the people who have worked in it. It has made people into millionaires and billionaires. A lot of people got jobs because of it, the country's economics conditions improved. Not only that, but it was able to make all the countries into one market.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: jaocoincrypto18 on July 11, 2018, 06:10:57 AM
What problems in the world can Bitcoin and blockchain technology solve ?

The economy of every nation that adapt Bitcoin and blockchain technology have become more improved by reducing the unemployment alone which is the most common problem of every country in which if the unemployment will reduce then of course the purchasing power of the people will become strong that it will help their economy to become more strong and stable too.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: IndigoRed on July 12, 2018, 12:25:26 AM
Bitcoin is already solving challenge of slow and limited banking transactions at a ridiculously low fee. Blockchain is widely used now by some logistics companies to track fulfiments and shipments

Very true. I remember reading one comment before and it stuck with me ever since. It went something like, “Cryptocurrencies will do to money what the email did to the letter.” So basically, bitcoin and blockchain provide a revolutionary technology that allow for quick, easy and seamless transactions, simplifying our everyday tasks. No need for international wire transfers that take days. This could help shrink the wage gap too, since nobody can take or steal money from people through banking anymore. We can also have a decentralized internet and a more democratized system overall.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Tr2nkh0nh101 on July 12, 2018, 03:20:12 AM
Payment, security, anonymous. Along with that, Blockchain is being applied to complex systems such as smart phones and management


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: CordandAN on July 12, 2018, 04:01:30 AM
In broad terms, they can solve an immense variety of problems. I don't think I have enough time and space here to list all of them, but among of the most important, or KEY, problems are preventing fraud and eliminating the unnecessary intermediaries, including government, in a wide range of public and personal matters. The fewer intermediaries, the lower costs and chances of power abuse, corruption, and red tape.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Capradina on July 12, 2018, 04:55:02 AM
There are some issues I know can be solved with Bitcoin:
1. Limited company in collecting investors. This problem often occurs when companies that have good quality but have no funds and investors.
With Bitcoin companies and investors worldwide can connect, and can make transactions or cooperation (within a project) easily. investors can send large amounts of funds quickly and at a low cost.

2. Fraud in managing the finances of a government agency or company.
We all know that the level of corruption and embezzlement of money often occurs in an agency.
With Blockchain technology all transactions can be seen clearly, so the cheating rate will be reduced.

3. Unemployment.
Trading, mining, and Bounty can reduce unemployment within a country.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: ajiejot on July 12, 2018, 05:03:40 AM
What problems in the world can Bitcoin and blockchain technology solve ?
For my own opinion, the blockchain technology is really helpful, because it enable the transparency of the payment of the people to each other. And Bitcoin is the medium of Blockchain, we use Bitcoin as currency, but that currency is virtual, you can use it without going to the bank.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: maiduytrinh on July 12, 2018, 10:31:25 AM
Bitcoin is a payment tool, exchange tool, investment tool. Most of all it comes with the Blockchain tool. It is a great technology with many advanced features such as security, anonymity and convenience. Blockchain is being studied for use in the fields of life. Introduction is high tech


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: perova93 on July 12, 2018, 01:07:25 PM
We need full transparency of all systems! crypto system will give us the opportunity to see purely the whole picture in any field! this will give us a reduction in inflation, due to the extermination of corruption! Fast transactions and exchange will allow you to develop faster and increase the rhythm of the global economy!


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: jennyhoang293 on July 15, 2018, 03:31:06 AM
Most I like is money transfer money can wire money anywhere, it can also support problems with bitcoin money.so there are many problems that solve
There are a lot of scenarios that basically any scenario where partners equality wants to create a database between them, but does not quite trust a partner to run a classic database. Do not be afraid of a partner this storage db will fake the data. For bitcoin, blockchain technology solves, among other things, double the problem of spending. Even people who hate electronic money also see the potential behind blockchain technology


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: gabbie2010 on July 16, 2018, 09:37:36 PM
What problems in the world can Bitcoin and blockchain technology solve ?
Blockchain technology is widely adopted and utilized as a chain supply and its ability to solve many societal problems this is attributed to its decentralized feature which invariably makes provisions for a wider application in many economy sector of the society. Meanwhile bitcoin is utilized as a digital currency with a feature as a store of value.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: chenczane on July 16, 2018, 09:59:37 PM
What problems in the world can Bitcoin and blockchain technology solve ?
In my own opinion, bitcoin and blockchain technology can help a county to grow and be successful. For an individual, they can help financially. Let's just say I am an example of this. Last year, the whole 2017, I was drowning in debt. Many things happened to me and my family that's why I was forced to lend some money. My cycle, debt-salary-pay bills and debt-short-debt. It is just like that. But when I earned because of my investment, I paid all my debts and now, I am debt-free and can spend all the money to my family.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: darkphoenix2610 on July 16, 2018, 11:26:49 PM
I think it is the fast transaction and the transparency of the project, It is a high potential in replacing the world banking itself I guess bitcoin has its hopes of becoming a permanent crypto currency someday.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: bloodyvio on July 16, 2018, 11:28:49 PM
bitcoin solves the fiat transfer problem
bitcoin transactions do not take a long time different from fiat transactions, especially when transfer to different countries

and blockchain can prevent from all sorts and types of data manipulation
because every data flow must be through the confirmation before it arrives


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: pitiflin on July 16, 2018, 11:51:59 PM
What problems in the world can Bitcoin and blockchain technology solve ?
Be used as an alternate currency, used to record transparent data, send money from anywhere in the world, eliminate the use of longass account books to record data. There are so many things that I could tell you on what blockchains can solve. In simple words, they just make things much easier.

Read this: https://blockchaintechnologycom.wordpress.com/2016/11/21/advantages-disadvantages/


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Indrawan77 on July 17, 2018, 12:48:29 AM
There are a lot of things that bitcoin and blockchain can solves, with bitcoin we can easily send money to other people that lived anywhere, and you dont need any documents to do that, it opened more chances to get income, which will be decreasing unemployment and make people's life become better
Blockchain technology could make any transaction become transparent, it had been used in settling land dispute and some of the institutions still observing to used it in different sectors


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: sajidm on July 17, 2018, 02:03:09 AM
Bitcoin solves many problems one of those problems is financial problem.. many people has no job. in bitcoin they can do business privately or they can also do bounty campaigns that will let them earn money...


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: gesdan on July 17, 2018, 02:11:43 AM
right now I don't know about problems that bitcoin solve until right now but, maybe it will solve the problem in the future, maybe right now there are not people that using bitcoin, so they can't solve their problem with bitcoin. so I think if there are many people that use bitcoin, bitcoin can be the problem solver


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: IndigoRed on July 17, 2018, 02:25:59 AM
Blockchain and cryptocurrency has opened doors and new possibilities. Blockchain has even been dubbed as the "internet of value." Imagine a new and efficient financial structure because there will be no need for a middleman or a gatekeeper. A blockchain based currency will challenge the conventional ways of money transfer and will make it a whole lot better.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: ice18 on July 17, 2018, 02:39:51 AM
Most of the leading industry problems today can solve by blockchain technologies lets start with financial institutions like banks transactions are not totally secured and transparent in banks as we all know some problems may occur with the current systems today next is healthcare many projects today are using ai as long as blockchain to solve and simplify things within this industry another is in cyber security which data is verified and secured using cryptography this is only some of the most common problems that can solve by blockchain, in the future many more problems will be able to solve by this technology.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: esteam026 on July 17, 2018, 02:48:59 AM
Blockchain is a new technology that does not yet have many applications but is being gradually incorporated into their system. If it was two years later, it would have been a lot of blockchain


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: bharal07 on July 17, 2018, 02:58:21 AM
One of the problem bitcoin is solving now is unemployment. Faster transactions can be easily done through bitcoin. It also has the power to enable potentially world-changing financial innovation.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Roberttran on July 17, 2018, 04:29:23 AM
Blockchain technology provides transparency, openness and increased security especially for the coming of the future.  With bitcoin you can use online payment services which can be stored into personal assets. without intermediaries or controlled by a bank or government


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: 1993jochico on July 17, 2018, 06:12:46 AM
In my own opinion, It can solve the problem of every country that is a very slow transaction and high fee's on transferring money because in BTC we can have a transaction in just a second or a minute with lower fee's aside from that I think it can lessen the corruption of the government of every country because it is decentralized and no one can control the circulation of every economy.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Brenda Karenn on July 17, 2018, 08:11:33 AM
A lot that I can't list all here. You can google it, there are tons of information about Bitcoin and Blockchain applications. However, I'm going to list some. As for Bitcoin, it provides anonymity for users, solving the problem of leaking personal information. Also, the fee charged for foreign transactions is very low. So this can be a major advantage for travelers.
Blockchain technology offers a solution to digital identity, which is now riddled with fraudulent problems. There are still a lot of fields beneficial from this innovative technology!


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: longwintershere on July 17, 2018, 08:21:16 AM
decentralization is the key aspect. also a transparency. Whatever happens on blockchain, you can see that. And whatever you see, you can fully trust it as it was confirmed by certain amount of miners


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Cynthia Andradee on July 17, 2018, 08:23:48 AM
Bitcoin brings convenience. Bitcoin users can pay for their coins anywhere they have Internet access. This means that buyer never have to travel to a bank or a store to buy a product.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Turkish88 on July 17, 2018, 08:27:54 AM
Blockchain solve corruption problems, but government blockchains hard to reallize, who will store this blockchains.
I think its must be on the citizens devices of current country


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: mymenace on July 17, 2018, 08:29:15 AM
Crimes, Money Transfers, Media on the blockchain, Truth


Why would Roger Ver want Bitcoin dead

The blockchain is a wonderful Truth machine


1. failed project after failed project
2. assistance to each project to get it back up and running
3. assurance to the community each project was OK
4. an inexplicable catastrophe resulting in lost coins

Rinse and Repeat

For a wall of text on the truth

failed projects, friends in the best of places, political intrigue, paid shills, hack after hack, friends in jail etc etc etc

liberty reserve, bitinstant, bigblock fiasco, mtgox, tagcash, cryptsy, bcash are just some failed projects

Craig Wright, Gavin Andressseenn, Roger Ver, Mark Vernon, Marshall Long, Mark Karpeles, Brock Pierce and Hillary Clinton

has it all
follow the rabbit hole
https://bitcointalk.org/index.php?topic=2040221.0



https://bitcoinstrings.com/all





Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: vqscyxuo on July 17, 2018, 08:30:07 AM
It can make payment more efficient, and can also enable many industries to cooperate.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Bugsbey on July 17, 2018, 08:31:00 AM
What problems in the world can Bitcoin and blockchain technology solve ?
One of the problems that bitcoin and blockchain can help solve the community is poverty due to unemployment. There are lots of people here becomes rich because of bitcoin.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Chacon994 on July 17, 2018, 09:09:16 AM
I think Bitcoin and blockchain technology are tackling unemployment in the world.  I was an unemployed person before. But now I'm doing a lot of things like bounty campaigns and Airdrop to earn more monthly income


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: bluemoon84 on July 17, 2018, 09:34:37 AM
you have to pay a fee of around 3-4% while making the payment to him. Using Bitcoin you will cut out the middleman and won't  Bitcoin is a decentralized currency, so if people changed fiat to bitcoin or another decentralized currency, the financial system would become much more fair.
A blockchain opens up access to many things. For example, fair elections. Elections conducted on the basis of this technology will be 100 percent honest. And this is only a small part.
have to pay such high fees.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Direwolve735 on July 17, 2018, 10:26:40 AM
Among other things, blockchain technology ensures the preservation of data in the event of man-caused and natural disasters. Destroyed by fire or flood traditional records are not subject to recovery. While the record on blockchain is not stored in one specific location, but copied on a number of devices connected to this system, which guarantees data security, even if most computers are destroyed.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Peter Bailey on July 17, 2018, 10:41:26 AM
The most well-known application of it is in the financial sector. With blockchain, you can send money directly to someone else without going through a third-party like a bank or payment processor. Because the blockchain is secured with a decentralized system through cryptography, you can trust that their won’t be fraud involved with the transaction.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Giles Goodman on July 17, 2018, 10:46:15 AM
It solved the problem that it is decentralized, i.e. there is no central authority that controls monetary flows. Using the Blockchain as a payment processor like Bitcoin gives these 3 advantages

Immunity to coercion, blackmail, abuse, fraud, because the blockchain isn’t controlled by a single entity, but by a distributed network of thousands or millions of entities
Instant monetary transactions, also overseas, instead of wire transfers that take days and banks taking money out
Shrinking the wage gap, because wealthy people cannot take away money from poor people through banking anymore. There is no middle man anymore


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: renata.tuncha@ex.ua on July 17, 2018, 11:01:47 AM
There a lot of problems which btc can solve especially for developing countries and cool projects which need investment. I found a really good ICO - Socratus.  It is an insurance ecosystem which provides a digital platform with instant claim payment products for insurance companies, so any insurance company can connect the platform to become the part of Insurance Digital Ecosystem. In my opinion, it is good that they work with different kinds of insurances such as property, flight delay, cyber insurance and the core aim of the project is to help insurance companies to save their money and get their business on a new level. Like, they can help the insurance company to lower expenses from 15% to 25% on claims handling and operational expenses. Moreover, they powered by Smart-contracts & Socratus Oracles. It means that there is no more solo human decisions to pay or not to pay, no more lingering manual claims handling procedures. I think this is really cool and it seems like an innovative and demanded project.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: jozymens7 on July 17, 2018, 11:05:04 AM
They have really solved so many problems but the ones which I think has been superb to me is the security issues. Blockchain has really helped in the security aspects in cryptocurrencies.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: bitterguy28 on July 17, 2018, 11:08:15 AM
What problems in the world can Bitcoin and blockchain technology solve ?


Bitcoin and blockchain solve of course can work without hassle for easy for all bitcoin transactions including altcoins transfering funds in way people continue adopting cryptocurrency and give opportunity those people unemployed to work at new technology of currency.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: jack8989 on July 17, 2018, 11:09:55 AM
I think Bitcoin and blockchain technology are tackling unemployment in the world.  I was an unemployed person before. But now I'm doing a lot of things like bounty campaigns and Airdrop to earn more monthly income

I agree with your opinion. There are many unemployed people in the world, and nowadays, these people have a lot of work to make money online with Bitcoin. I also think that Bitcoin and blockchain technology was created to eradicate unemployment


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Blackhammer321 on July 17, 2018, 11:21:04 AM
What problems in the world can Bitcoin and blockchain technology solve ?
Bitcoin has a lot of benefits where as you can feel it when you started loving it. For an instance is that in doing transactions, it is easier when you use bitcoin because in just a few clicks you can pay for your bill or do other things, you can also monitor your pwn transactions where as you can see what you are doing with your bitcoin. Moreover bitcoin can probably lessen the poverty because it gives opportunity to people, even if you only have a small amount of money, you can start up with bitcoin. Bitcoin can help us in many ways and this is just one of its perks.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Ilegendph on July 17, 2018, 11:38:53 AM
What problems in the world can Bitcoin and blockchain technology solve ?

The blockchain technology can solve many problems. It's a decentralised, immutable, trustless ledger (database)... There are tons of scenario's that pop to mind, basically any scenario where equal partners want to create a database between them, but don't fully trust one partner to run a classical database out of fear this one partner that hosts the db would tamper with the data.

You can use a blockchain database to store insurance information and share it between insurance companies and individuals; univeristy's can use it to store hashes of grades, titles, diploma's, so somebody interviewing for a job can immediately be crosschecked about the diploma's he/she claims to have;... and those are just 2 commonly known examples.

For bitcoin, the blockchain technology solves, amongst other things, the double spending problem. By storing transactions onto a decentral, trustless, immutable ledger, people can not double spend unspent outputs without their transactions getting rejected (given that the first transaction is already included in a block at the time the double spending transaction is broadcasted).

Even the people that hate crypto currencies see the potential behind the blockchain technology :)

In short, problems that are trust related. Banks startes from escrowing services due to the lack of trust of the people to each other and I can't blame them for that. But now, with the introduction of blockchain and smart contracts, we can now transact online with confidence and assurance that the contract would be implemented


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: ember.suc on July 17, 2018, 11:59:03 AM
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Yuri Taksanov


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Ibizugbe1 on July 17, 2018, 12:51:07 PM
Blockchain can solve a whole range of problem if integrated into our everyday lives. For the figures and values on the blockchain network cannot be altered.
Should it be applied for procurement in public offices, it will wipe out coruption, I hope it can find its way to Nigeria's politcical election so as to avoid electoral practices and bailout box hijacking.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: alfs75 on July 17, 2018, 01:07:25 PM
What problems in the world can Bitcoin and blockchain technology solve ?
There are many things that bitcoin and blockchain technology solve,and one of them the economic problem of the different country and because with the help of bitcoin and block chain the economic gross weight of those country who used cryptocurrency is become progressive and industrialize in the world market and one example of this country is japan,who become popular now because of digital currency.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: [ProTrader] on July 17, 2018, 07:34:16 PM
What problems in the world can Bitcoin and blockchain technology solve ?
Bitcoin and blockchain solve the problem in inflation of a currency. Since Bitcoin cannot be reproduce or copy, etc inflation will not kick in. It also solve the problem in the banking. Too many people don't have a bank account because of too many requiments and the minimum deposit that cannot afford by many. It also solve the hassle everytime you need money specially large amount of mone that you need to go to the bank and fall inline.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: kirkarsedat on July 17, 2018, 08:42:49 PM
Well bitcoin has solved many problem like poverty and unemployment.Bitcoin is a payment tool, exchange tool, investment tool. Most of all it comes with the Blockchain tool.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: oseikuf44 on July 17, 2018, 09:00:35 PM
Every aspect of problem facing humanity can be solve on blockchain efficiently. Energy, database management and fair gambling can be solve with blockchain. Bitcoin solve payment system among peers.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Rockkey on July 17, 2018, 09:13:46 PM
The most important problem that bitcoin and blocking can solve is the complexity in the execution of transactions and their high cost. Bitcoin and other crypto currency are able to transfer huge amounts of money to any distance for a very small payment. Before the appearance of bitcoin, this was impossible.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: PrudnikovLS on July 17, 2018, 09:15:09 PM
I think that there are no limits to the use of Blockchain technology in our world. The same can be said about Bitcoin. These technologies can solve any economic and other problems.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Diced90 on July 17, 2018, 09:17:19 PM
What problems in the world can Bitcoin and blockchain technology solve ?

The blockchain technology can solve many problems. It's a decentralised, immutable, trustless ledger (database)... There are tons of scenario's that pop to mind, basically any scenario where equal partners want to create a database between them, but don't fully trust one partner to run a classical database out of fear this one partner that hosts the db would tamper with the data.

You can use a blockchain database to store insurance information and share it between insurance companies and individuals; univeristy's can use it to store hashes of grades, titles, diploma's, so somebody interviewing for a job can immediately be crosschecked about the diploma's he/she claims to have;... and those are just 2 commonly known examples.

For bitcoin, the blockchain technology solves, amongst other things, the double spending problem. By storing transactions onto a decentral, trustless, immutable ledger, people can not double spend unspent outputs without their transactions getting rejected (given that the first transaction is already included in a block at the time the double spending transaction is broadcasted).

Even the people that hate crypto currencies see the potential behind the blockchain technology :)

In short, problems that are trust related. Banks startes from escrowing services due to the lack of trust of the people to each other and I can't blame them for that. But now, with the introduction of blockchain and smart contracts, we can now transact online with confidence and assurance that the contract would be implemented

Exactly, it assures both parties have no control over the order to be fulfilled and only the smart contract algorithms will take care of that issue.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Justin Regoo on July 18, 2018, 01:24:51 AM
Blockchain is helpful in solving problems of Internet-of-things:  
- It solves the problem of your ownership with smart appliances and enables transferability by encrypting these appliances on the blockchain.
- It facilitates Supply Chain Sensors which gives companies end-to-end visibility of their supply chain by providing data on the location and condition of the supplies as they are transported around the globe. The blockchain stores, manages, protects and transfers this smart information.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Scott Freemann on July 18, 2018, 01:34:02 AM
Bitcoin offers some unique advantages due to its unique nature. With Bitcoin, there is no longer the fear of interruption user transactions or being placed freezes on users' accounts since there's no third parties like banks or other financial authorities.
As for Blockchain, with the timestamp characteristics, it has ability to confirm the existence of something at a stated time that is further provable in a court of law.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Rebecca Bragaa on July 18, 2018, 01:37:59 AM
As far as I know, Blockchain may be used to facilitate digital voting in the future because of its high security, which is needed for online voting. Using the blockchain, a voter could check that her or his vote was successfully transmitted while remaining anonymous to the rest of the world.
As for Bitcoin, it makes transaction simpler, faster, cheaper, and more convenient.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: First77 on July 18, 2018, 02:11:35 PM
As far as I know, Blockchain may be used to facilitate digital voting in the future because of its high security, which is needed for online voting. sing the blockchain, a voter could check that her or his vote was successfully transmitted while remaining anonymous to the rest of the world.
As for Bitcoin, it makes transaction simpler, faster, cheaper, and more convenient.

Online voting for national elections should be the top priority after cashless society. Blockchain provides all the security that is excellent.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: damrianto on July 18, 2018, 05:50:50 PM
many problems can be solved by bitcoin and blckchain. But the financial problems that always make the community dizzy to getya.so that excess bitcoin that can help earn bigger income. and there have been many who have become rich suddenly during joining bitcoin .. but why now the price of bitcoin falling down, this is just the constraint ...


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Shiro21 on July 18, 2018, 05:58:22 PM
I think if you can use it well bitcoin can be a weapon that can solve your problems because all the problems in the world are dominantly rooted in money. people are fighting for money, people are married for money, and all power must require money.
The conclusion is that bitcoin and blockchain can solve your main problem of money.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: laryillary on July 18, 2018, 06:43:54 PM
Crypto currency is also able to solve the problems associated with electronic payments: fraud, the presence of mandatory confirmation by banks, the conversion of currencies and the payment of a share for the transaction. In addition, now there is no need for a guarantor, which will confirm the financial viability of the participants in the transaction.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: hometester on July 22, 2018, 06:17:22 AM
a way to protect the exchange of information, money, or capacity. bitcoin is only a special case of value exchange


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: aray80 on July 27, 2018, 01:51:16 AM
A digital asset known as blockchain-based cryptocurency to manage ledgers that have absolute control for all users .. so all transactions will be easier, safer and transparent.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: ankurguta87 on July 27, 2018, 05:10:41 AM
blockchains (e.g., those used by bitcoin or ethereum) enable two people or organizations to confidently and securely transfer value (e.g., money or a digital asset) electronically from one person or organization to another without an intermediary (e.g., a bank or PayPal).

a side note, technically, the blockchain solved the Byzantine Generals’ Problem, but since the question asked for problems it “generalizably” solves, this is very simple, non-technical answer.



Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: stefy77 on July 27, 2018, 06:28:44 AM
They solve the age-old problem of financial slavery. From which derive all other slavery.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: kidd07 on July 27, 2018, 06:43:58 AM
Blockchain can solve a whole range of problem if integrated into our everyday lives. For the figures and values on the blockchain network cannot be altered.
Should it be applied for procurement in public offices, it will wipe out coruption, I hope it can find its way to Nigeria's politcical election so as to avoid electoral practices and bailout box hijacking.
Bitcoin and blockchain solve the problem of discrimination because of blockchain there is equality in all transactions, no identity revealed whether rich or poor, fair is equally distributed. It also reduces unemployment and contributes higher economical status. Bitcoin gives hope to those who suffered from financial stress crises.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: BorisVirla on July 27, 2018, 06:56:27 AM
Just imagine that in the world all databases will work through the block.  This is an instant response to all the questions of interest in education, health care and others.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: billygarrison on July 27, 2018, 07:02:37 AM
many problems have been solved bitcoin and blockchain,

bitcoin and blockchain have created new jobs and almost eliminate unemployment in my country,

bitcoin and blockchain can be an alternative to inter-money transfers quickly, practically, and do not need to go to the western union to send money,

bitcoin and blockchain can eliminate corruption problems in my country if my president accepts bitcoin as legitimate money

and there are still many problems that can be solved with bitcoin and blockchain.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: aleksnutis on July 27, 2018, 07:04:19 AM
What problems in the world can Bitcoin and blockchain technology solve ?
All problems of centralization.
I most like the possibility of money transfers quickly and without intermediaries.
But while bitcoin has such a voluntariness and lack of convenient services for cashing, this advantage is fully impossible.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Ayomiqueen on July 27, 2018, 07:04:56 AM
Blockchain and bitcoin have solved so many problems and will solve more in near future, blockchain is a solution provider to the world by decentralizing everything that has to do with human and most especially financial aspect and keeping real data that can be utter once the node is generated,which every one can verify at any giving time.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: acheampong64 on July 27, 2018, 07:12:02 AM
What problems in the world can Bitcoin and blockchain technology solve ?
A lot of problems Buddy! Even within the blockchain system there are a lot of problems that can be solved by using Bitcoin and the Blockchain technology. Currently, there are projects focussing on medicine, energy, gaming, finance and so much more.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: chrismartin on July 27, 2018, 07:15:41 AM
As the purpose of bitcoin is to make a transaction through blockchain without any involvement of third party and also the government, problems have been solve into it. Example, if we want to pay or deposits our money, bitcoin is their to store and also pay to the people we want to pay as a per 2 per transaction.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Williamnak on July 27, 2018, 07:26:27 AM
Bitcoin and blockchain can solve problems related to currency like exchange or payment.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: Ethannecessary1760 on July 27, 2018, 07:28:19 AM
There are so many problems that they can solve. For example, the project about medical or game.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: joshuarose on August 02, 2018, 02:16:04 AM
What problems in the world can Bitcoin and blockchain technology solve ?
to be honest I really like bitcoin and blockchain because it can help those who have a living need deficiency


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: ntodntodan69 on August 02, 2018, 02:49:58 AM
Maybe with the technology bitcoin and blockchain will solve the problems in the field of economy, for example in the field of transactions, and easy money digital. maybe that's one example.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: First77 on August 11, 2018, 04:35:06 PM
Will blockchain technology make online voting in National elections 100% secure and safe ??


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: dutchkay on August 11, 2018, 05:24:53 PM
Bitcoin and blockchain have solved many problems already at this their early stages. Many companies have moved to blockchain technology by understanding it's usefulness. The voting system can be designed on a blockchain with transparency. Ethereum blockchain serves as Dapp for developers. Steem blockchain is a blockchain blog where you can earn by writing which have actually superseded Facebook and it's likes. There are blockchain where you can monetize your ads. Bitcoin serves as remittance and is solving delaying issues when it comes to transfers. Yet we are still in its infancy.


Title: Re: What problems can Bitcoin & Blockchain solve ??
Post by: ghosong on August 11, 2018, 05:39:38 PM
What problems in the world can Bitcoin and blockchain technology solve ?
There are many problems that are solved by bitcoin such as cheaper transactions because they do not go through bank intermediaries, and in the economy there are many unemployed people, with bitcoin they do not work alone without bosses without qouta by trading, they also carry out bounty campaigns. so bitcoin has many problems that are solved.