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Author Topic: Which problems do bitcoin help to solve ?  (Read 1375 times)
SpanishSoldier (OP)
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April 11, 2015, 09:12:42 PM
 #1

^^^This question is asked many a times by beginners. I found the following pictorial presentation very helpful in answering this question.


What is your opinion ?
cellard
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April 11, 2015, 10:22:05 PM
 #2

Seems like a fair analysis. I love all these images that you can show to people with a lot of information nicely condensed. Lets see if someone wants to counterargument or add some problems that bitcoin helps to solve.
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April 11, 2015, 10:27:21 PM
 #3

This is awesome! I like how the information is organized. It looks nice and clean, and it is easy to understand. I even learned something while i was reading it Smiley Nice work!
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April 12, 2015, 07:20:02 AM
Last edit: April 12, 2015, 09:17:00 AM by Amph
 #4

you can add "the no need for conversion", in the case bitcoin will become big and replace fiat, it will be much easy to move money, because there will not be the need to convert money every time you move to another location

this is an important aspect that is understimated, it could help against countries diversity
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April 12, 2015, 08:39:46 AM
 #5

This is good but I usually see skeptics asking this and they don't get convinced no matter what argument you make.

The most asked question I see from beginners is "How can I earn Bitcoins" ?
If you have any pictorials on that, it'd be great.

PS: I think it need more colors. It looks too simple.

 

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King Karma
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April 12, 2015, 09:07:49 AM
 #6

I think bitcoin's main benefit is it avoids censorship. If Visa and Paypal refuse to work with you like they did with wikileaks/mega or any other sites they don't like the look of then bitcoin liberates you from that tyranny.

This is good but I usually see skeptics asking this and they don't get convinced no matter what argument you make.

More fool them if they miss out on the revolution. Maybe one day they will regret their decision.
NyeFe
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April 12, 2015, 09:13:40 AM
 #7

Bitcoin solves every other problem which was meant to give the wealthy an advantages.

One of this is banks printing free money 'QE'

MicroDApp.com—Smart Contract developers. Lets build a decentralized future!
twister
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April 12, 2015, 10:59:28 AM
 #8

I think bitcoin's main benefit is it avoids censorship. If Visa and Paypal refuse to work with you like they did with wikileaks/mega or any other sites they don't like the look of then bitcoin liberates you from that tyranny.

This is good but I usually see skeptics asking this and they don't get convinced no matter what argument you make.

More fool them if they miss out on the revolution. Maybe one day they will regret their decision.

Of-course they will, like I am for not getting into Bitcoin really early like some of the early adopters did or my life today would be so different.

 

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MikeCorleone
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April 12, 2015, 12:31:02 PM
 #9

PS: I think it need more colors. It looks too simple.

I agree, you've got to give it some life OP. Choose a color scheme from colorcombos.com, and then work with that.
Beliathon
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April 12, 2015, 12:32:20 PM
 #10

Above all else, Bitcoin is poised to solve forever the problem of trust in money creation and exchange in a capitalist system.

Remember Aaron Swartz, a 26 year old computer scientist who died defending the free flow of information.
kelsey
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April 12, 2015, 02:15:53 PM
 #11

god what a USA centered point of view  Roll Eyes
SpanishSoldier (OP)
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April 12, 2015, 03:52:59 PM
 #12

god what a USA centered point of view  Roll Eyes

How does it differ for other countries ?
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April 12, 2015, 04:30:50 PM
 #13

That's the power of bitcoin Cheesy I'm really sure in the future bitcoin will shine, but I don't think if bitcoin will replace fiat. But bitcoin will be smart alternative for payment system.
Kprawn
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April 13, 2015, 06:32:28 AM
 #14

The most important problem it solved, was the "Byzantine Generals problem"  Wink - http://en.wikipedia.org/wiki/Byzantine_fault_tolerance

Most people does not give it enough credit for doing that... It was explained a bit more here -->  https://bitcointalk.org/index.php?topic=99631.0

For me personally.. it solved the problem of paying for services and goods online, without having to expose my private information or having it stored at a central point of failure, that can and will be hacked at every given opportunity. {PayPal / Credit cards etc.}  Grin Grin Grin

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ranochigo
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April 13, 2015, 12:48:10 PM
 #15

Bitcoin doesn't need anyone to trust the government and the fees for transfer are considered much lower than typical bank transfers. Many virtual items sellers has opted for Bitcoin as a payment option since it can't be charged back.

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ashour
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April 13, 2015, 03:13:58 PM
 #16

This is good but I usually see skeptics asking this and they don't get convinced no matter what argument you make.

The most asked question I see from beginners is "How can I earn Bitcoins" ?
If you have any pictorials on that, it'd be great.

PS: I think it need more colors. It looks too simple.
Agree, it needs a better flat design  with more colors and illustrations to make appealing for readers.
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April 13, 2015, 04:59:00 PM
 #17

The only problem I see BTC to be solving must be allowing you to get/give anything for it with the lowest fees possible... Smiley
Still, your analysis is good and appreciated... Smiley Hope to actually see it turn out into reality...

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April 15, 2015, 11:12:25 AM
 #18

The only problem I see BTC to be solving must be allowing you to get/give anything for it with the lowest fees possible... Smiley
Still, your analysis is good and appreciated... Smiley Hope to actually see it turn out into reality...

This is in fact the reality that has been depicted in the pic.
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April 15, 2015, 04:11:46 PM
 #19

I think can be use for help poor people or poor country. It's currency will help them to buy medical or logistic things to help them to keep alive.
We must be gladfull since we are now bitcoin. So it's time to use it for something usefull Smiley
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April 16, 2015, 06:39:05 AM
 #20

Well large transactions of bitcoin can be sent for a few cents send someone money over seas its like $80+ sorry ill take the few cents.



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