Why cryptocurrencies necessary in today's world

[BChydro]

4. Volatility.
That's the bad side of crypto right now for many use scenarios.
But stable tokens are coming.

I do not find any problem with the amount of volatility we have, it is a good thing as everyone gets the opportunity to enter the coin.
How do you propose a stable token, either the company has to spend a huge amount of money to buy back the tokens being sold in exchanges, if you are talking about centralized coins, i am not interested in those.

5. Speed and volume of transactions.
Cryptocurrencies will be fast and will be able to process millions of transactions in the nearest feature.

Even now you can transact billions of dollars worth of bitcoin in a short period of time around the globe.

[Xardasim]

Why Cryptocurrencies are neccesary in today's world?

What is the real world use of these cryptocurrencies?

Why traditional assets and currencies are not enough?

What is the benefit of having bitcoin over dollar or any other currency?

Where do we use these Cryptocurrencies in today's world?

Because time doesn't stop, as time goes on, the money at the same time is also developing. In the future, there will be no cash, even today there are few countries that don't use cash and growing every day.
For the moment we can not use it widely, we can only use it as an investment.
Because, cryptocurrencies are much more profitable than traditional currency and in my opinion, it attracts people's attention.
The answer is that it is profitable.
In today's world we can not use it very widely. Because, there are still those who doubt it.

[eaLiTy]

Why Cryptocurrencies are neccesary in today's world?

The ease of access and the most important part is that it is always good to have more options for investors and traders and that to have a coin without the manipulation of government is always a good bet and you cannot counterfeit it like fiat currency.

What is the real world use of these cryptocurrencies?

Like any other currency, to trade, purchase goods and can be stored as an asset.

Why traditional assets and currencies are not enough?
What is the benefit of having bitcoin over dollar or any other currency?

When you are trading internationally, you can use bitcoin as a single currency as the world is not trading solely with dollars. You can save transaction charges and delays caused by other forms of transaction as bitcoin transaction is almost instant .

Where do we use these Cryptocurrencies in today's world?

You can use it for trading or purchase goods with it.

[dado7]

Why Cryptocurrencies are neccesary in today's world?
Because the current financial system is not working particularly well. The big economic crisis of 2008. showed it really nicely, and it was only the tip of the iceberg. We need a new system for both creation and distribution of money.

What is the real world use of these cryptocurrencies?
As I already mentioned -  a new system of creation of money and distribution (more decentralized, fairer). Application of smart contracts should put an end to injustice in direct and arbitrary relations.

Why traditional assets and currencies are not enough?
Because the creation of the money is almost solely in the hands of private bankers (a money multiplication system), a system is functioning on a debt basis (which means there is always one side with power to put pressure on the other, and also inevitably it has to fall apart). Distribution is in the hands of Governments and also not working very well (destruction of "middle class", 1% of the wealthiest, and to many poor people without food & shelter).

What is the benefit of having bitcoin over dollar or any other currency?
A current benefit is a strong investment vs. gain ration.A current benefit is a strong investment vs. gain ration.

Where do we use these Cryptocurrencies in today's world?[/b]
We use them as a store of value, an investment opportunity, and for trading (Bitcoin is accepted in various stores all overt the world).

What benefits real cryptocurrencies gives you?
They ease the way we handle things by replacing the barter system.

Why you are so excited by the introduction digital currencies?
Because it offers exciting new possibilities. A financial world got a little bit stale in last three decades.

[Nwankwobtt]

First, it is decentralized. Meaning that no government has control over it. Secondly, its peer-to-peer network ability made it possible for value to be transferred from one individual to another. Thirdly, it is secured.

[muncuss]

- What benefits real cryptocurrencies gives you?
i can buy something faraway from my bedroom, don't need to use bank. i buy my first notebook with btc and that was very easy and simple. crypto is really useful.

- Why you are so excited by the introduction digital currencies?
coz i can fast rich

[@ophiuchuss13]

the modern world is developing at a tremendous speed and the innovative approach is traced in every sector, the economy does not stand still and the currency is a new round of the future. with electronic money we will get new opportunities

[BigBoy89]

Why Cryptocurrencies are neccesary in today's world?

What is the real world use of these cryptocurrencies?

Why traditional assets and currencies are not enough?

What is the benefit of having bitcoin over dollar or any other currency?

Where do we use these Cryptocurrencies in today's world?

Newly Added Questions

What benefits real cryptocurrencies gives you?

Why you are so excited by the introduction digital currencies?

Post Updated on 09/04/2018

Unfortunately so far most of these questions doesn't have an answer you are going to like, because so far the world has not accepted crypto currencies, but we are all hoping that this will change soon.

[bloodyvio]

Why Cryptocurrencies are neccesary in today's world?

What is the real world use of these cryptocurrencies?

Why traditional assets and currencies are not enough?

What is the benefit of having bitcoin over dollar or any other currency?

Where do we use these Cryptocurrencies in today's world?

Newly Added Questions

What benefits real cryptocurrencies gives you?

Why you are so excited by the introduction digital currencies?

Post Updated on 09/04/2018

Why Cryptocurrencies are neccesary in today's world?
1. because with cryptocurrencies can make you transfer money anywhere and anytime
What is the real world use of these cryptocurrencies?
2. you can buy anything with cryptocurrencies
Why traditional assets and currencies are not enough?
3. because the currency is currently tied and regulated by the government
What is the benefit of having bitcoin over dollar or any other currency?
4. you can make a huge profit with having it
Where do we use these Cryptocurrencies in today's world?
5. there are already many merchants who accept bitcoin as their payment, so you can use your crypto to buy something there
What benefits real cryptocurrencies gives you?
6. it can make you rich
Why you are so excited by the introduction digital currencies?
7. same answer with number 6

[zhanyiguai261315]

The whole world is studying block chain technology!

And the digital cryptographic currency is necessary to maintain the block chain technology necessary funds and later development of research funds!

Accept the block chain technology, just accept the digital cryptographic currency!

[louie69]

Cryptocurrencies are necessary in today's world because of it's technology where you may able to transact payments and services, you can make investments and trading by the use of of your computer or cellphone gadget. It may benefit the public from it's service and give the public the opportunity to earn profit in digital currency either doing investment or joining in a signature campaign.

[gawuk]

Perhaps developed countries have no problem with their financial system. But some fintech startups in developing countries have explored the benefits of blockcain for their service needs. For example, BitPesa, a payment services system in Kenya, Africa is growing rapidly. They target businesses to easily make payments to employees, distributors, and suppliers. This technology is needed by areas that have not been reached by the bank system.

[Vispilio]

Why Cryptocurrencies are neccesary in today's world?

This 1st question is one of the most important ones, and one whose answer is not really understood by many people.

The world has become simply too crowded and too competitive to play the nice guy anymore. Especially governments, states and all other institutions of power are not the friend of the talented successful man anymore, instead they hunt the accomplished man, to milk him as much as possible and to redistribute his wealth back to the gullible and subservient consumer masses to sustain their own power hierarchy, so the meritorious and intellectual individuals who want to be free, need to form their own unique methods and alliances to power in the 21st Century.

[noriksiayol]

In the new highly develop technology the cryptcurrency business is necessary and useful, because it fits the new developed economic system today, that most people are using social media gadgets that's why many people who learned about digital cryptocurrency. Cryptocurrency has also a good contributions of income nationwide that's why it is necessary to have crypto business. Cryptocurrency is a thing that has a form of high value which used to eliminate the economic problem globally disappear.

[Revolvere]

This technology is growing rapidly because many used startup to raise capital. Startups can now open sources or put their projects under a nonprofit foundation and raise money - and not just make money, but also significant capital growth.
With token sales and initial coin offerings that generate millions of dollars, some fintech companies and individuals explore how token sales can create social change.

[#davidnugroho]

I follow tv shows and read about crypto and asset currencies I see that digital currency will grow and I can enjoy the results of cryptocurrency so I will always be excited about introducing bitcoin and virtual coin currencies because it's fast, efficient and easy.

[aquantivis86]

I am liking how ICOs are being used to fund some interesting tech projects. I enjoy researching what people are trying to do. I have always been a futurist and this feels like the beginning of something interesting.

[Biasaae]

Opportunities can be created with the existence of blockchain technologies such as expanding access to financial services. Access to financial services in the world so far is quite extensive, but with the presence of blockchain access will be wider because it can reach all financial transactions without any limitations of the 3rd party (mediator) that has been there. But maybe this is still in its early stages.

[dalimex]

Excess blockchain in terms of technology is the improvement of technology security. Blockhain technology is very safe and effective. User-initiated transactions can be validated on the spot when using blockchain to transact. This may be very useful in the future banking system. That's why many investors are starting to take into account cryptocurrency.

[GsxR150]

Opportunities created by blockchain are more efficient business processes. Blockchain can serve financial transactions whenever and wherever there is no time and space restrictions. With this, business processes can be done anywhere and anytime. Examples such as RTGS transactions that have a certain time limit and can not be done on holidays but blockchain can be a solution of it. Surely this will greatly provide time efficiency in the business world.