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Author Topic: Digital currencies to solve problems  (Read 2720 times)
n2004al
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November 20, 2015, 09:21:09 AM
 #41

Money remittance is where we should focus on. I think this is an area where bitcoin has the advantage but we never fully utilize or capitalize on it. Imagine having the fund reached the other party almost instantly and with the low fee. For an annual 50 billion market worth, half of that amount would easily change everything. 

Yes in this digital world, we focus for instant things usually. So, digital currencies are inevitable to make changes in our conventional financial world. Digital currencies will find boom everywhere as now a days people uses digital things almost everywhere.

Yes bitcoin focus for instant low cost transaction in this fast world. Bitcoin is created to solve many financial problems like trust-less environment to store your hard earned wealth into a secured format. Bitcoin would be the future world money.

Cannot be possible. For to many reasons. If with the words "future world money" you mean to be used as a only currency of the world in every country. This, according to me, is totally impossible. Cannot be replaced every national currency with bitcoin. First of all because bitcoin is limited in amount and the economies need every year new money (if verified growth). But even with the today value of the overall amount of overall national currencies I think that bitcoin cannot be able to replace those. Its market capital must be much more lower than the overall capital market of all the national currencies. To not mention the impossibility to make national monetary policies and that cannot exist a national currency which cannot be owned by the given country.

If with "future world money" you mean the use of it in addition with all the national currencies but with much more spread, value and market this is the hope of everyone of us here in bitcointalk. And naturally that this is ok even for me.
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yoona
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November 20, 2015, 09:29:13 AM
 #42



Digital currency solve a huge fee problem per transaction.

But Fast movement of bitcoin price be itself problem, when fiat have a stable price.
Ahmad Farid
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November 20, 2015, 09:42:07 AM
 #43

With bitcoin, business transactions abroad became easier
makcik
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November 20, 2015, 04:26:42 PM
 #44

Digital currencies have now been around here with us for quite a little long time. For some, it's an old thing, for some it's a whole new scenario. Now, as per my opinion digital currencies have solved our numerous problems. They've given us advantages in plenty amount.
(1) They solve problems of theft and stealing, (ransom and kidnapping may exist though)
(2) They have made transactions possible from distance and quicker than ever!
(3) They provide you more secure wallets. (Your leather wallet in pocket can be taken out easily by someone, not in case of digital currency.
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November 20, 2015, 04:40:41 PM
 #45

Most usefull one is  Privacy. Paying/buying anonymous especially digital goods is what all modern internet buyers want. Digital currency to be more exact cryptocurrency can make sure to save the peoples privacy.

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November 20, 2015, 05:43:09 PM
 #46

It has good and bad things, but overall, it is better than any currency, except it needs to be more recognized yet.
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November 20, 2015, 05:53:09 PM
 #47

Digital currencies have now been around here with us for quite a little long time. For some, it's an old thing, for some it's a whole new scenario. Now, as per my opinion digital currencies have solved our numerous problems. They've given us advantages in plenty amount.
(1) They solve problems of theft and stealing, (ransom and kidnapping may exist though)
(2) They have made transactions possible from distance and quicker than ever!
(3) They provide you more secure wallets. (Your leather wallet in pocket can be taken out easily by someone, not in case of digital currency.
The security issue is actually pretty big in bitcoin. If you keep your wallet on your computer, and there is a rat on there then you're pretty much fucked before you even start. However offline wallets are available, but that investment would be too much for some people.

As for bitcoin solving problems. Yes math problems, they are the hardest earth has ever seen.


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Djisamsoe
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November 23, 2015, 12:38:12 PM
 #48

Digital currencies have now been around here with us for quite a little long time. For some, it's an old thing, for some it's a whole new scenario. Now, as per my opinion digital currencies have solved our numerous problems. They've given us advantages in plenty amount.
(1) They solve problems of theft and stealing, (ransom and kidnapping may exist though)
(2) They have made transactions possible from distance and quicker than ever!
(3) They provide you more secure wallets. (Your leather wallet in pocket can be taken out easily by someone, not in case of digital currency.
The security issue is actually pretty big in bitcoin. If you keep your wallet on your computer, and there is a rat on there then you're pretty much fucked before you even start. However offline wallets are available, but that investment would be too much for some people.

As for bitcoin solving problems. Yes math problems, they are the hardest earth has ever seen.

And here I have to agree.

The question arises whether Bitcoin is for everyone?

People with experience in IT make mistakes in securing wallet.
People who do not have a computer-related education have practically no chance to protect from thieves.

Cryptocurrencies become popular if they are created tools to safely operate them.
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