Bitcoin Forum

What real world problem is bitcoin solving rn? and to what extent?

Trustless, world-wide and cheap money-transfers without any middlemen. Just a transaction between you and the recipient.
Also, you are the only one with access to your money. No entity which can freeze your money/transactions or revert anything.




Completely.

Bitcoin is giving you scope to transfer money directly without depending on any 3rd or 4th parties, the transactions are fast, and very cheap. Also, you don't need to fill a bunch of bullshit forms and waste your valuable time on those.

Reliance on an incompetent government that has no idea how to manage the economy. See venezuela as an example and then others like turkey will follow. Bitcoin will save them all

Transfer issues. Bitcoin is making peer to peer transcation very stress free and cheap. From your wallet you can make transfer of bitcoin to the receivers wallet irrespective of the location of the two parties and there is no involvement of a third party

The issues of privacy has affected individual using other currency. You would keep your money in banks where you submit all sort of forms and identification and a third party can get involved in your account if necessary. But you can store bitcoin in your wallet and only you have access to it

Bitcoin is most accepted cryptocurrency in the world. It help many people to solve their many problems. In many place bank are not present and in those place bitcoin help people in their money transaction. Bitcoin also help people in the case of international money transaction and exchange and it also an less trouble and uninterrupted way to transfer your money from one place to another. Another thing by which bitcoin help people is its investment purposes and other money earning methods. These thing help many people to overcome their economy related problems.

Bitcoin has given everyone a better and faster option to carry out financial transactions. With Bitcoin, distance is no longer a barrier nor influence charges to be paid whenever you transfer money to anyone.

In my opinion, real problems are many in the crypto world. One of those are the people itself scamming people like those scam ICO's that are in the market promising the people with good return of investment but in reality, it's undervalued and most of the thing happened is that such ICO has never been successful leaving the investors out of thin air. Another real problem I see is that people who had invested in btc has this reaction to get panic and the fear of losing their investment could result them to do panic selling. These people are only after for the quick money and do not have the patience like most of the old timers and successful investors.

One of the most prominent, around the world, is the lack of consumer understanding of the subject. For all its development, it remains difficult to explain to the average person just how bitcoin technology can impact their lives

   Blockchain technology also has great impact on our society.The flow of products, information, currency, and people will run faster and faster, and all the obstacles, that is the traditional nodes that do not generate value will be impacted,such as the agents and distributor who increased their prices, businessmen that take advantage of information asymmetry, speculators obsessed with hoarding.the society will be fairer and more highly efficient and effective and the value more equivalent.

Bitcoin gives you the ability to make transactions without a middleman. Just a transaction between you and the recipient. The transactions are fast and cheap and not going through tons of paperwork to get something done. you're the only one access to your money and no entity can freeze your transactions or revert anything. It is the future.

Bitcoin isn't solving any problem, it's just making the exchange easier and it's keeping the identity hidden and no additional money is needed to transact our exchange. Just a normal give and take, but if it goes global and approved, then it might be good for the world economy.

Yes bitcoin with blockchain technology has created a financial system that is helping the world and will continue to help in the future. The decentralized currency has no control by an institution but the user. And also the profit and the economic growth.

- No need for any third party just for a transaction to commence.
- No need for a bank account just to have a place to keep your funds.
- Cheaper fees and faster than usual sending transactions.
- Privacy.
- You have full control to your money.

Hello,

Bitcoin allow to transfer money without external interventions, control and fees. It also give some privacy with our own money. finaly it gives freedom to everybody because it is accessible to everybody. More generally blockchain will help to provide security with proof of operation accessible to everybody without possible manipulation.

recognition of the existence of bitcoin in the real world has now spread throughout the world, bitcoin has a basis and real evidence has improved the economic life of small communities, the presence of bitcoin can be considered in all countries

According to me, two problems are mainly targeted by Bitcoin or decentralization process that they want to sole. Firstly, the eradication of middleman service and make transaction direct for the wallet users thus create reliance among the users. Secondly, lessen the fees of transaction and conversion rate from crpto to fiat or crypto to crypto.

good project but unfortunately I am less interested in following it because I prefer trading compared to investment projects that are not yet clear

maybe more safer and more convenient investment. which allows peer to peer transactions supported by blockchain technology. I think it has been solved but it's just that the government hasn't fully adopted bitcoin as a legal currency to trade.

I agree with everyone else. The number one problem that bitcoin solved is the eradication of middleman, plus the ease of transaction. It's faster than banks. That's the biggest thing bitcoin has solved.

Nothing for now. Bitcoin tends to help some people over their financial problems since it can give you a lot of money in a short time, but for now that is the only thing Bitcoin can do.

We know that BTC is a decentralized currency which is easy to use or transfer money to the other person. BTC via Blockchain is quite useful platform. BTC investors get facilitate via blockchain platform. 

Real world problem now is poverty and no jobs of many people which makes people are very poor now.Bitcoin also poor now which makes all bitcoiners have big loses.Crisis is now all over the world that mAkes all countries now is in very critical of finances.

Bitcoin is giving you scope to transfer money directly without depending on any 3rd or 4th parties, the transactions are fast and very cheap. Reliance on an incompetent government that has no idea how to manage the economy. Bitcoin is making peer to peer transaction very stress free and cheap.

bitcoin is almost the same as real life, we both need each other and are needed, unfortunately bitcoin in my country has not been ratified even though many are interested in bitcoin in my country.

Yes, everything in the world is not as good as we would like, but with the advent of Bitcoin, we hope that this world will become a ray.

Paper money can sometimes become a pain in the ass. Be glad we have bitcoin on top of having plastic money issued by banks. Bitcoin gives me the liberty to send value to a different country without the need of forex and stuff like that.

The abilitity to transfer funds without the intervention of a middleman is entertained by Bitcoin. Bitcoin also eliminates the need for a centralized space for transaction. Transcations can take place in a p2p platform very easily.

Bitcoin is helping and dealing with many real life problems. Like improving the livelihood of people where it is legal, not needing any middleman in transaction as it is p2p, and also helping to transfer fund from one place to another easily and fastly.

Bitcoin is helping to get rid of the third parties. You are controlling your own money and you can do whatever you want. Also easy and fast transaction help a lot.

Plenty of them if you observe. Cheap money transfer for any amount is bitcoin's thing. It also provides effortless sercure transaction which is why people are attracted to it.

Bitcoin solves the problem of eradicating corruption and creates an unprecedented level of trust between unknown people.It is also natural with Bitcoin that transaction speed is very low and (at the moment) transactions conducted between Bitcoin owners are anonymous.

bitcoin is not trusted in many countries in the world, and maybe if bitcoin can be trusted in all country in the world, bitcoin can be the international currency. this is the biggest problem in bitcoin for right now

The problem with bitcoin in this real world is its acceptance world wide as bitcoin is a decentralised crypto currency and thus there is no proper authentic regulating body over bitcoin and this thing is use by many social defaulters as since bitcoin transaction does not involve any third party seizure even so many people use it in selling drugs, explosives, money laundering and many more and this is the reason why most of people and countries are in against of bitcoin and the probable solution to the problem is the legalisation of bitcoin world wide.

The problem is that there are still many people who don't understand bitcoin, so that it considers bitcoin more risky than its benefits. Bitcoin is full of benefits, bitcoin can simplify financial management and can also be a safe transaction path.

Frankly speaking, real world problems and Bitcoin is it usability in the real world. Bitcoin has many problem to solve in the real world but has not solved some major problems faced by the world. The problem of use case use,use Bitcoin to buy gift card and many more are some real world problem to be solve by Bitcoin which are yet to be seen.

In my opinion the world many countries getting to problems about Bitcoin. Actually now is running many countries do not accept bitcoin.they are don't believe them bitcoin.but we know Bitcoin is the good currency to get quickly profit anytime.fast transaction money to many online business sports.extra online jobs trading, invest etc lot of good opportunity to given us Bitcoin.

Indeed there are still many who debate the real world and bitcoin, even though when viewed the benefits are very good. Some people already know a lot about bitcoin and its advantages, it's just that its understanding is still unacceptable because of less observant thoughts.

I don't see any problem for btc right now as there are more advantages btc can offer to the investors. Payment transactions are more convenient and faster with lesser fees. Security of your investment is more secured where you could also transact peer to peer transactions. It can make a good return of investment if invested in long term.

Bitcoin solves the most important and major problem - the government's intervention in the financial system and its manipulation. It's really very annoying when a third party is watching all your movements and actions. Bitcoin is completely anonymous. This is its main charm as a tool of use. It also solves the problem of taxation, since the person of the state is absent in the regulation of financial transactions.

with the existence of bitcoin, the advantage is that someone who was previously unemployed, they could have the opportunity to work even though it might just be temporary. secondly, some countries that have financial economic problems also have the opportunity to be better, even become investors

There are a lot of things that can be solved ifnthe government decided to adopt crypto, the first one is the economics problem, bitcoin has been making a lot of new job opportunities and businesses, so it can help poverty to decrease, it can be used for global transaction so it really help make people eaaiee to do business all over the world, and together with blockchain crypto can be used to solve many dispute problem

Real problem of bitcoin is hard for getting legal transaction of bitcoin at many country, we faced many country still make bitcoin is illegal transaction and looks do not happy with bitcoin become as investment or trading way, many country have banned for using bitcoin.

actually it looks easy if we transfer to a country that does support bitcoin, but it can be very difficult if we do it in a country that prohibits the use of bitcoin such as the country of Bangladesh or other poor countries,

Very bound. because some of the causes of the change in the value of bitcoin are increases in purchase prices and selling prices, so, if there are problems in the real world related to bitcoin, then it will affect users to act according to the good and bad effects when investing

I think the main thing it is solving is the fact that there is a limit to how many Bitcoins there are or will be in the world. FIAT money is based on Government debt and keeps losing its value yea rin and year out. 100 Years ago with 100 dollars you could purchase a home. Now 100 dollars you can buy a week's groceries for two in Europe or Western countries. The purchasing power of FIAT keeps going down but for Bitcoin the road can only be brighter ahead as more and more people adopt Bitcoin and lose interest holding or saving too much FIAT which depreciates so much in value over time.

This is a really reasonable answer and I like it.

You explain easily and simply and I understand it so I know what the OP question is

Yeah I agree with you. This is the most convenient way in transferring money around the world with less transaction fee and due to it's volatility in nature, this is also the source of many scammers that taking advantage on those less knowledgeable individual.

Yes. Bitcoin help some of the people to earn online to support the family. It seems not noticeable but it leads to a better and brighter future.

Some time ago we learned that conducting financial transactions in the world has a limitation. For example, when we make a transaction with paypal, we have to verify it and that is quite difficult for most people. But with the existence of Bitcoin, now we can do financial transactions much easier. We only need an e-mail address and we can do financial transactions whenever and wherever we are. This is an extraordinary progress and the fact that technology will make life in the world more simple.

Any problem can be solve by money and bitcoin is a currency which help plenty of flock to transfer their money without middle not even in their own nation but internationally also which directly cut the cost of middle men and save money as well as,the bitcoin also helping people in their day to day life they can use bitcoin for shopping and other purposes to solve their day problems.

You're right the problem now is that it often happens is an economic problem and there are many investors, but the most frequent are economic problems that are needed daily and cannot rely on real work to get virtual money but bitcoin should be able to help or be a solution to fulfill the real life

Bitcoin is one which can solve your monetary problems like if you are jobless you can work over the Internet and many free lancers sites are available where you can make money but it is normal that people are now earning bitcoin in return and it is the modern era achievement that making money at home is possible through this medium and it is about your talent and skills that how long you can get rich in the crypto world and many problems associated with financial transactions are solved through this bitcoin.

Yes, bitcoin made it possible for us to transfer money to other people by not depending on any third parties like banks that are monitored by government. Transaction can be done easily and fast with lower transaction fees anywhere in the world that accepts and accepts cryptocurrencies. Transactions are done privately and it offers hassle free transaction process.

Poverty in my opinion is one real world problem that the bitcoin is solving/has solved tremendously and without a doubt
The bitcoin is today giving millions of people a certain level of freedom financially..

Especially in the third world countries were poverty is a perennial issue,the bitcoin is spreading far and wide in those areas and helping most individuals as their governments have failed them totally

Bitcoin gives us an easy way to make transactions and does not need an intermediary like the third person or the other because bitcoin is present as a new technology that is now growing rapidly and becoming popular so that you don't need to trust those who are less convinced about bitcoin.

Bitcoin can transact easily without any third party because of the  technology that bitcoin has.  Bitcoin also help many people who are in needs , it has the ability to earn a good profit specially those people who doesnt have a regular job.
Never dooubt on the capacity of bitcoin because of the different issues that youve heard instead just on believe on it.

It will make the economy better so, after acceptance will be a total supply of money and it will be impossible to print more. Seeing the address of the state wallet will disrupt their dirty work. Everybody will manage their own money.
In my opinion it would be the opposite. Bitcoin's acceptance will make banks and most of the economy companies useless and the workplaces will be reduced.

Bitcoin could remove such things as Western union forever. It's fast and cheap and it could to make life of many people cheaper and easier, especially those ones who send money abroad oftenly.

Is it supposed to solve world's problems!! I don't think so.
Bitcoin is just another way of payment.
Blockchain technology may offer some solution to make our life better and easier if we use it well.

I agree. As I have watch a documentary, it focuses on discussing what the bitcoin can provide and not the fiay can give. One of this is the anonymity of the users in which every transactions are private, and you can you transact without even mindng the outside factors.

world problems are economic poverty, and the solution is bitcoin, in fact, many people have an economy better than before with bitcoin.
Bitcoin has reached its peak in 2017, and I'm sure some people become millionaires when they still hold Bitcoin.

Technically not to solve worlds problem but yeah its more on providing a transparent service, a way faster to transact globally and to give us a chance to generate profit. This technology can really help one’s economy so hopefully more countries will see this kind of opportunity, and accept cryptocurrency.

This is very specific, and I think many businesses are already feeling the threat and this is why they are helping the government to critizised this market, well they will not succeed for sure. :)

I agree, bitcoin was not made to solve the problem of the world. It was just a currency like fiat and USD. Maybe bitcoin can help at some point especially when it comes to financial need. We all know that bitcoin has a high value which already helped maby people to become rich. Bitcoin cannot directly solved world problem, the people who can solve it was us, human being.

I can say categorically that bitcoin/cryptocurrency has really helped in solving the global problem of unemployment and financial/economic recessions. I know quite a lot of persons that got a boost through the help of their involvement in cryptocurrency. If not for the present dips in the bitcoin, quite a lot more would have been helped out of penury.

Bitcoin has a different system from the bank, the blockchain creates convenience, security and lower costs, even, there is no administrative fee to store our assets in Bitcoin.

the main problem is the government has chosen to reject bitcoin and not make regulations.

Bitcoin makes peer to peer transactions very free and cheap, Bitcoin transfers money directly without relying on third parties, Bitcoin doesn't need to fill in many forms.

If you are in the government, Bitcoin help to reduce the unemployment in which the most common problem of all nations. That if the unemployment will be reduce then of course the purchasing power of the people will increase and will become strong making the economy of the nation to become strong and stable too.

Financial transparent. Because most of people now are corrupt specially in the government, and it will also help all people to have their own bank on their own pocket, they don't need to go to bank just to send money or payment to anyone, bitcoin will help us on our daily lives.

the reality that happens in countries that are not yet modern or not yet developed, how to buy and sell they are still manual, cannot use banking services, so in every country the bitcoin problem is always different, so bitcoin in the real world still cannot meet the business needs of buying and selling throughout the world. but if in developed countries, bitcoin is very petrifying in the business of buying and selling, especially in terms of payment.

Initially, bitcoin was born to be a digital currency. However, I think now it is most likely an asset, a store of value like gold. Thus, bitcoin can solve the problem of value transfer on the internet with no middleman, no border, small fee and fast transaction in compared to money bank-wire. In the case of payment, bitcoin can server as a very cheap solution regarding big amount, for instance, car, house, etc.

I think this is very good with the delta project, and I'm sure it will have a beneficial impact on everyone who follows it, and I really like this project.

The biggest thing for me with the bitcon is international money transfers and i believe that it did solve the very big problems. You can avoid the banks or middleman in your transactions and you save your money. Also you can stay anonymous when you send bitcoin, this is very important too.

You're right some countries in the world did not trust and believed in bitcoin this is one problem in the world of cryptocurrency. If all countries around the world believe and trust in bitcoin I think the all investor's become more successful and bitcoin become international currency.

Transferring money lightning fast and super cheap, - now I can pay or receive my payment super cheap, cross border and without having to be on my heels for forms, red-tapes etc.

There's alot of question circulates about bitcoin solving real world problems , we can also find some good articles about it. For me one solution bitcoin does is you can easily transfer money via Bitcoin to another entity in different part of the world and it's fast , cheaper than any remittances.

Hassle free secured transactions. Also we might use it for traveling, buying souvenirs from different countries, and etc in the future.

Elimination of any intermediaries for making transactions. You don’t need a bank account accompanied by a bunch of papers to store coins. Bitcoin allows transferring money to anywhere in the world faster and almost for free. You are the only one who has an access to your money and nobody can tell you how to manage them. It gives financial freedom by reducing the barriers to entry and increasing the amount of potential users.

The problem that solve by Bitcoin is the intermediary of the government and the banks. More efficient and cheap cost of transaction and transparency of the transaction where everybody can check the transaction in the Blockchain.

I don't think every transaction of Bitcoin is cheaper then we use Western Union my friend, it's just because every Bitcoin transaction is totally untrackable so no one will tax you those moneys and ask you where is it from.

One of the most interesting problem I believed bitcoin has solved in the world is that you can transfer money to anybody round the globe without presence of third party and the transaction are not traceable since it operates in a decentralized platform. Also there's no tax involved all like banks transactions with lots of tax and only operate on weekly bases why bitcoin transactions can be carried out any time of you choice.

bitcoin provides many conveniences that are not obtained when using a currency, such as convenience when providing a number of bitcoins without intermediaries, only you and the recipient are cheap, and bitcooin can also be an option for investment because many people predict expensive

Bitcoin has little activity and is not used too much in life. This negatively affects Bitcoin's growth rate. In life, there should be a solution for using Bitcoin because it changes too much Bitcoin and Cryptocurrency. But this also needs government approval of their legitimacy.

Bitcoin or cryptocurrency has really made life easy in the aspect of online payment and secondly bitcoin transactions perfect with the elimination of middle man. Bitcoin and crypto has created employ of many individuals who country accept crypto without the of writing application letter sicking for job

Bitcoin has benefits and this has truly made it one of the most sophisticated innovations in transactions. In fact, Bitcoin has helped and overcome the financial problems of its holders, providing the right solution in investing.

Bitcoin as a digital currency is very easy to use, just sending it from his wallet to the recipient's wallet. The process is very fast, easy and inexpensive. The problem is why many are rejecting bitcoin, because of anonymous factors and very fast price fluctuations, so many countries reject bitcoin by reason of protecting their citizens.