Bitcoin Forum

Can you share a type of problem that a cryptocurrency should solve in the near future?

I think Cryptocurrency will solve the problem of being dependent on banks in the future. In fact, what I'm saying is already happening. For example, I have a friend who lives abroad. I am not dependent on the bank when I send money to that friend. I am not exposed to the extremely high and absurd commissions of the banks. I can trade freely and internationally with the person I want, and cryptocurrency gives me that right to do that.

It is already working on solving the problem of big banks and dominating government fiat by giving people the freedom to use a decentralised currency.

I think the main problem that must be solved soon is the legality of cryptocurency because until now there are still many countries that forbid it. if this can be solved, then the development will be better and will attract many investors.

I think the crypto industry and blockchain technologies can solve a lot of problems. But it seems to me now to create a project that will prevent fraud on the crypto market.

I think the main problem is the lack of its mass use, application. I want to go to the store to buy bread and pay for the purchase of bitcoin, but I do not have such an opportunity, because the store does not accept bitcoin. Governments should legitimize crypto-currencies as a means of payment, and then good times will begin. And now, I see only a handful of people, with a lot of bitcoins, who manipulate the market!

yes, of course this is the hope of all of us, but when the cryptocurrency is legalized, we must be prepared with the tax costs charged because if it is legal, it is possible that all assets we have will be recorded by the government. ;D

IMHO, I think The first thing that is very important for the solution provided by Cryptocurrency and Blockchain. It is the implementation of Blockchain in the current government financial system that is vulnerable to corruption, with blockchain certainly making it more transparent, traceable and reducing the risk of corruption. Right now that's probably all we need.

In addition, the cryptocurrency together with the blockchain technology solve the problems of honesty, transparency, genuineness. Optimize and accelerate the processes, consisting of small sub-processes (for example, logistics). They unite people into a single community, removing borders.

I think everything has some good and bad effect both . We know that crypto has some good and bad site also , I think in future increasing the facility there will be also some problem in future like hacking can be dangerous and government issue may be create problem.

Independence and private financial life. Banks are the most greedy and they steal $ every where they can from us... I hate Banks. Hope to see all of them bankrupt

Decentralized money without any regulation which will banish the money inflation in future. But it can be only possible when the whole world accepts BTC as their base currency globally. A time will come when it will be true.

Decentralization will change the world, transactions will be more faster.  People will get rid of middleman and fees also smart contracts on blockchain will make our lives better.

I think crypto can help in solving Identity Theft and Anonymity. Cryptocurrency allows users to send what she/he exactly wants to his/her receiver without further information. Since, Blockchain stores data in a decentralized database, any hacker will find it hard to get data and get the information he needs. The decentralized nature of blockchain technology is what makes it hard to hack.

To remove intermediaries, now the blockchain is the most important thing to implement technologies,and I believe that technologies are implemented very quickly,and globally we will see a giant leap in the development of the industry,so I can say the future of cryptography and all this direction

Although the crypto currency is intended for payments and transactions, the token has a much larger scope - it can be used to obtain services or purchase goods as a representation of a shareholder's share in a particular project as the basis for loyalty program, etc.

Tokens can perform the role of currency within the project, have purchasing power, represent a share of the shareholder in the project, be a form of reward for certain actions or an indicator of something.

Bitcoin has solved a number of problems including anonymity built to secure every personal identity and I think it can minimize corruption in the near future, Fiat is a soft attack for corruption to take funds not just under the table but dare to be on the table, cryptocurrency might be the solution in the future development, little by little a lot of improvement in every technology built for the future, what is still a constraint is legality that is still unclear, it is the main door to go deeper to clear some problems in the financial and economic system, comparable to increasing enthusiasm of people today.

Almost every crypto has address a problem to solve for their project so I can't think of another problem for them to solve.

Are you telling that there are problems that must be addressed in real world that crypto's would solve? you know on how crypto's are solving efficiency, fees, anonymity and other financial related matters. But to integrate with real world problems, what's your say?

First of all, scaling of networks. Crypto currency can not become a mass phenomenon if it does not allow you to execute hundreds of thousands of transactions per second, as is done today by transnational payment systems (as VISA for ex.)

it is already solving the problem of intermediate banks, as here we can see that owner is the contoller of money, no banks required. other than this i think it should solve the problem of legality. Crypto should be approved as legal tender all over the world and it should be used as payment mode.

I think the cryptocurrencies should solve the problem of transferring their value into the value of goods and services, what I mean is how we can compare and unstable cryptocurrency with the price on a bread for example?

I don't find many problems of crypto.

high fluctuations and hacking, I think both are risks, not problems that must be resolved. but at least hacking can be solved by using a hard wallet.

the big problem crypto is the volume and spread of the public, because today we see few people who know crypto.

Only the authority can fix this problem and then i must say that there none able to do that. the only party can answer this answer is the government because they have been controlling all of the regulations.

Basically crypto is all about transparency and security. The loopholes in the traditional banking system is currently being fixed daily. You don't have to queue or travel to do any transaction. All you have to do is to get a specific wallet address and so every transaction from the comfort of your home with extremely minimal charges and some  great speed of transaction.

A problem should be solve in crypto is the price dumping. So we all know that these problem is very common here in crypto world and it one of the problem I've hated the most.

Think of anything that requires trust and can be handled better without intermediaries. Gambling would be a typical case as other such as funding companies, setting rules for agreements and doing scrows.

There are lot of areas that cryptocurrency can solve but for now I think It needs to revolutionize the ordinary payment method we have all over the world. If someone from India wants to buy something from USA, the user have to lose some money because of the conversion of rupees to USD, if Bitcoin is used instead of these currencies, there will be no loss for all the parties involved.

In the future, the banks will be eradicated. The crypto may become the new form and medium of exchange. And let's not forget the impact it is having towards the development of the economy. The rich-poor gap will be reduced for once.

In future, crypto will solve, how bank works, there would be no fees, decentralize payment system, people will able to use crypto to buy anything. Crypto will help in insurance, education, health benefits, etc etc.

The first thing that comes into my mind is the illegal ise. I hope that in the near future cryptocurrency will set some rules that may get rid of illegal uses.

I think crypto currency solve the problem about a more secured and more fastest online peer to peer transaction without entermediate in the center like banks. Crypto currency is more independent that every owner can make and hold there own banks.

I think that in the future the crypto currency will solve many problems. The first is the safety of money. And the opportunity to earn by applying the mind and logical thinking. Secondly, the cryptate is growing. And no one knows how else she will surprise us.

That might be one of the problem that crypto needs to solve in the near future because they are separated by banks and crypto needs to accomodate all bitcoiner so that they will be able to achieve the real success in life if they will grow independently. To trade needs process but in crypto needs that.

as I believe. that the crypto currency is the future, accordingly in my opinion the crypto currency will help to make a leap in the development of technologies of various levels, spheres and scale

The most important problem that must be solved by cryptocurrencies is transparent financial flows at all levels.

This is very unlikely. If it happens, the bank will die if they do not apply the blockchain to their system. Banks always exist with us. And the bank claims that they do not see crypto as money. They will not accept it

I think in the future, crypto should reduce the dependence of people from centralized banks. You will not have to pay bank commissions and dispose of your money yourself.

I think it would be the problem with spending a lot of time to pay, receive service, and fund security. People will no longer be dependent in banks and they will have better investment opportunity. With cryprocurrency, people can be a part of great project, they can fund and earn projects that can give solutions and services to businesses, companies and people.

As an important part and the everyone will always need the bank and it can't be considered as a problem to the crypto as long as the bank is friendly to the crypto and it's not a problem. In fact you need the bank to withdraw your crypto to the fiat money. I'm not a hypocrite person but this is fact and you can't argue about that.

There are a lot of difficulties that we've been encountered or possibly be encounter or experience in the near future but probably every difficulties or circumstances is definitely has a solutions and all we need to do as a people is always find the way to have any possible solutions therefore we can overcome all of that. However, cryptocurrency may help our economy to become much enhance and develop especially when it comes to financial stability of each countries.

There are some problems that crypto always face currently. But if we expect about the problem solving, it may be about:
- Fluctuation of the coin rate or price
- ICO projects rule and regulation to avoid more scams
- Market exchange stability and investors

I think bitcoin can actually make third world countries a better place to live in. Many of these countries are facing economic disasters, corruption and poverty. Bitcoin has the capability to end these all and come up with new ways to regulate the economy.

Crypto can actually solve a lot of problem. Lets talk about dash coin, if digital currency is not user friendly and if there is no integrated process in marketing then this could be a problem that can solved by dash coin.

In my opinion, the most important thing is the simplicity and ease of use that are as close as possible to the ideal . Still of course it would be nice transparency

The banking system is very much disconnected and it has large numbers of scattered accounting systems which could be better if all are interconnected in a same system and this problem can be sorted out by Ripple crypto.

Cryptocurrency is very unique. It will solve the problem of entire monetary system from corruption,Poverty and transparency. I think we are entering the first phase of mass adoption and it's on our way to our cashless society..

I agree, banks can benefit a lot from crypto. I am strongly of the opinion that crypto and banks can easily co-exist. Let me give another scenario where bitcoin and crypto can be useful in future. In developing countries it can be used for public distribution schemes. Since all payments will be digitally recorded, it will bring more transparency to the process. But the big question is that are the politicians in those countries going to accept it.

I too think lack of using crypto currency is the main problem and that have to be overcome by blockchain itself. They need to have more recognition worldwide which will bring them close to people.

the thing that crypto might solve in the future is its being decentralized, and it doesnt need any government or commercial bank to store and save your funds. every transactions will be much easier.

Yes, lack of legitimate foundation creates high speculations, thus masses are afraid to take part in crypto industry.
If rules are written, there is no place left for fraudelent and speculations.

What if you need loan ? What if you want to take your salary which you receive on bank ? Or you would use banks for some things, and crypto for other things like anonymous transactions and fast transactions. For now I don't see how crypto will solve problem of being dependent on banks. But that doesn't mean that crypto is bad thing, or that there is no need for it.

crypto is going to solve payment issues. you will not have to open bank account you wont have to give your personal information to banks. banks will not be able to rob people anymore. you wont need to pay huge fees to banks anymore.

"In an article i found that Some Banks l have secretly hired
blockchain programmers to start preparing its systems with
relevant technologies. Because in future cryptocurrencies will
help all financial problem to handle the financial systems.
"

I want that the Cryptocurrency could replace the usual money, or at least enter into our life so that it can pay for the goods in the store was. I think it was for these purposes and was originally created bitcoin, to replace all the money on the planet

Firstly, the problems with corruption will be solved, since smart money will be introduced. Secondly, there will be no more inflation. Thirdly, payments will be instant and banks will not be able to withdraw your money.

In the near future, cryptos will make the payment of good and services, very simple and easy, it will allow anyone to pay for any service without any form of jurisdiction, so it means that in the future, i pay for any service in any country of the world. 

Firstly the level of education on cryptocurrency amongst people over the world must be improved so that people can know what it is all about, its uses, strengths and weaknesses. Then it should go mainstream and people should have easy access to it and be able to use it as alternative means of payment for good and services worldwide

I think Cryptocurrency will solve the problem of being dependent on banks in the future. In fact, what I'm saying is already happening. I don't see how crypto will solve problem of being dependent on banks. But that doesn't mean that crypto is bad thing, or that there is no need for it.

crypto will help to decentralized the world economy which will make possible for anyone to partake in the global wealth so i see great future in this crypto space and soon it will happen once cryptos goes main stream

I think Bitcoin can definitely deal with a lot of problems with the future, but among them world inflation is the most important. By providing an alternative to actual fiat money Zimbabwe is already found the solution to the inflation problems that they have been facing for years.

It is not even the future! The cryptocurrency market needs to solve the problem of the scams and fraud in bounty hunting and airdrops and ico because this is ruining and damaging the reputation of cryptocurrency completely.

I think Crypto will be able to solve the problem that is currently happening that is not agreed by some countries and certainly conventional banks. Yes, Crypto is a bank rival, and the bank feels that it has been hurt by Crypto.

Cryptocurrencies need to solve their problem first, before try to solve other problem. We need more crypto atm, we need more crypto card, we need faster and powerfull network. And KYC problem. That's what crypto need to solve now.
Some coins have strong network, but still used as speculative coins. some tokens have tool for wide adoption, but built on a weak network.
Cryptocurrencies created to be payment system, but they still not qualify for stable payment system

The transaction speed that I always use for every trade.
Only this time I did something so fast.

I can move my money here until Exchage Local until the New York Stock Exchange (Bittrex) is fast.

I don't think I can do the listing now because of every currency have got a specific problem to solve. If you really follow ICO's, different projects focuses on different problems to solve.

There are a lot of problems that can be solved with cryptocurrency and blockchain technology.
The Idol Network for example looks at the entertainment industry and how it is currently only a one-way street for Fans. In the current business model, fans can only watch and buy content. Our project aims to provide a platform that re-establishes Fans as the driving force within the entertainment ecosystem.

I believe that cryptocurrency will solve the problem of being dependent on banks. And this is a real problem for governments

Speaking of cryptocurrency generally it should solve the problem of transferring wealth which some people find it hard and reducing the use of traditional currency because that currency is not eco friendly, however we are now currently facing the scaling problem
which will be obviously a real struggle when it comes to mass adoption. In the future I think, crypto will just fix the financial things since it's called cryptocurrency.

For starters, crypto has already enabled jobs to a lot of people. It will play a huge part in reducing the level of unemployment and will be able to increase the GDP of the country, which is a huge deal.

By the decision of the SEC, tokens are today securities, so you can say that tokens can be paid today, these are securities? Why then can not we use them? Solution of the situation with global control

I think hassle free traveling. When you go to a certain city that accepts bitcoin you will not bring any of your wallet, for example you will go to a certain city and the only thing that you will bring is your phone, you can pay using bitcoin or any coins.

I think crypto could be the basic income. There is a theory of basic income which could be true with cryptocurrency and it will really changes the world and i think it could be the best way to fight against poverty. Crypto also could be use to track down all the transaction so i believe there will be no more fraud.

It is how to make it popular in the international market.

If Crypto is approved around the world. Crypto would be used like $. But with a completely new payment system, Use to transfer money between countries as quickly as possible. And you can go anywhere in the world and pay with Crypto. I'm waiting for that to happen, but it will be very long.

Good day. Every altcoins are offering their own solutions and usage. For me Bitcoin helps so much at sending money/funds faster and same with Ethereum. Its a faster and convenient way to invest on projects. There are alts used for payment for services such as travels,hotel accommodation, foods and beverages, medicines and a lot more. Cryptocurrency keeps on developing and still has more to offer that is of real use to people.

I really hope that in the near future we will be able to pay in online stores through crypto, after all, not everyone wants to leave their personal data when buying in Internet.

But I think crypto coins can not be accepted by governments because some reasons as: they can not control it, the exchange of crypto coin is difficult to tax, promote the development of networks of criminals.

Cryptocurrency is already solving the problem related to banking sectors already quated by few members in the post, but IMO cryptocurrency can help to track corruption in the future because we can see every transaction on the blockchain if cryptocurrency will get regulated in future. Also cryptocurrency will replace real money in the online payments like tron being accepted as mode of payments in pornhub, like wise there so many games, Application which accepts real monet will be replaced by digital mone in the from of cryptocurrency.

I think all that involved calculations, numbers and data will be solve by cryptocurrency. Like for example our tax calculation and refund will be decentralize and thus there will be less or no hassle on our part. I had made this as an example because I had encountered problem concerning tax when I work in foreign country. All we need is mainstream adoption.

I think the crypto needs to solve about the legality of the crypto in each country so people are not afraid to invest their money in crypto. besides that, crypto needs to solve about the bad news that is always come out and makes people become panic. I am sure that the crypto is stronger enough to solve every problem that might happen and the crypto will survive in the hard moment and will continue to grow in the future.

I think the problem Crypto should solve is creating management with government.

Of course the problem of crypto projects is scam, because they are the ones who make investors very disappointed. A scam ICO can make investors by investing in crypto so that it affects the progress towards crypto.for the future, I hope that a scam project is gone. so that investors and bounty participants can freely invest or participate in crypto.

I think it’s already solving problems. It gives people freedom to use a decentralized currency thus it is solving the problem of banking system and fiat money of government.

maybe this is the most common problem in cryptocurrency that many countries still have not received it and are regulated by the government legally

Many but not all so be care

Crypto will help our world change. Crypto is a new technology if applied blockchain technology.
The big change will be the introduction of Blockchain technologies that look for applications in a variety of areas such as business and commerce in today's companies, far exceeding the current focus of startups. Fund raised by ICO. Blockchain technology is slowly becoming something those big companies will start integrating into their business model in the coming years.

The key attribute of the cryptocurrency space is it's decentralization that's golden

I consider that it will solve a lot of problems that our real economic can't solve. Crypto is our chance for the bright future and I think you will agree here.

if you can come up with an idea that crypto can solve you, to fill a gup in a market that's can be huge. BTC already solves some problems, check Burniske's book 

Security in exchange, the best wall must be put in exchange for them to protect their users from hackers.
Faster transaction with less fee for the future, this is a must.
permit and identification of future ICO and its team to wipe all the SCAMMERS.

There are many different projects that have different targets and concepts. Some projects will be helpful in medicine, others in energy sphere and so on.

Maybe it is the delay in transactions for being convinient.  It may solve poverty because by the means of holding a pariticular amount, there's already a chance to earn profit whenever the market value is increasing. But also, if volatility won't still be solved in the future, risk would be present. So it might not be a solution in poverty. VOLATILITY in the market is what crypto should solve in order to make it an effective medium of payment in the near future.

Electronic money was created to address some of the problems previously unknown to other currencies. These are issues related to payments, transactions and fees. Thus, the encryption technology of electronic money is considered to be extremely potential in the future.

The problem that should be solve by cryptocurrency is money transferring. Well,it already solved the problem I believe and Ripple is trying to solve an international problem like money transfers worldwide. How? I believe that their parnership with moneygram will be the beginning of solving real life issues. Fast transactions, safe and collecting lower fees. That is what I am seeing with this parnership.

I believe that crypto will solve the problem of corruption and other similar operations which make the life of usual people harder and hared each day.

In this world so many poor people, they dont have access to the bank to get financial service, and hopefully crypto can solve that problem. Many farmer also dont have access to the financial service so they difficult to get lending of money, and blockchain technology has potential to solve this problem too.

It is connection the world problem.

I think the problem on that is the trust issue of the people today on crypto that will resolve on the next future because they think crypto is a scam and they will see on the future of what crypto and blockchain technology could help changes the aspect for those who does not believe on it.

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Crypto currencies and blockchain technology will revolutionize Banking and Payments, Insurance, Voting, Forecasting, Government and etc! Blockchain technology will disrupt many industries and not just the obvious ones like banking and financial services.

Yes, it is in fact already working on solving the problem of big banks and dominating government fiat by giving people the freedom to use a decentralised currency. Blockchain technologies are already in the process of disruption.

I think they should try to solve how to stop scam projects and find out the hackers because nowadays it has become a cruel problem. It's a high time they should focus on this.

I extremely contemplation drop of victimisation crypto acceptance is the chief quandary and that mastery to be subdued close to blockchain itself. They impoverishment to mastery added detection worldwide which will bring back them succeeding to people.

And the problem of the solution here is only one, but very global. As one crypto enthusiast said " how much the Internet has done for information - exactly the same amount of cryptography (cryptocurrency) has done for trust.

and now solves the problem with translations into other countries. For example, I had to send money from Azerbaijan, but they have a limit in the amount + rather big commissions and a whole time gem to kill for registration. Crypto currency quickly solved this issue

I think they should make their ICO more transparency and the market should stay stabilize. And maybe they should make the nice rules due to so many newbie make the cryptocurrency become worst. And the last i think they have to make it difficukts to make project, because that  can be minimalize the scan project

For me, I think in future when crypto is mature and it has gained more popularity and trust, and the price is also stable and accepted as means of exchange globally, it should be able to solve economical and financial problems.

Crypto will solve so many problems. Let me just site an example of what a particular project is set to do. It is a healthcare project. They intend allowing Dana data owners to have full control over their data and be able to sell to researchers, scientists, drugs manufacturers. These data might serve as breakthrough for the discovery new of drugs that can serve as cure to so many diseases.

I think one of the major things that cryptocurrencies will solve in the near future is the uneven distribution of wealth. Cryptos make sure that anyone anywhere can have access to the money no matter how far they are, the coins are evenly distributed for those who wish to have it. There will be less problems of controlled money by the governments with cryptos.