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Author Topic: Can Bitcoin solve the worlds problem?  (Read 1251 times)
Arlette Foxsparkle
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April 10, 2018, 02:06:46 PM
 #1

Hello everyone!


Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?


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April 10, 2018, 02:22:07 PM
 #2

Bitcoin and its blockchain technology are revolutionary without any doubt. But I am not sure if it is going to solve the world's problems. But if you mean the financial problems, the yes Bitcoin's helping so many people around the world to earn their living or to make some additional income online, and it is also helping to reduce the unemployment worldwide.
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April 10, 2018, 02:23:17 PM
 #3

Hi! Smiley
Well to be honest there are emny problems that bitcoins can solve. Here is the list of the ones that I find most influential:-

1. High transaction fee:-.
   No matter what other complain about but now the transaction fee from peer to peer network is reduced to a significant amount when we consider overseas transactions from country to country .
With the acceptance of segWit addresses and wallets the transaction fee is very minimal.

2. It's creating job opportunities
Bitcoins is creating job opportunities for the oneswho are not being able to work from home and get a descent payscale .
Many of them are involved in minning and even a higher level of population is earning though forum and campaigns and that's creating job opportunities for everyone around it that even government is not being able to provide.

3.Its keeping check on the whales and the big business personalities who are in association with banks controlling the people and their money, not always it is beneficial for them, most of the times it's biased .
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April 10, 2018, 02:32:30 PM
 #4

I'm not sure that this can be called a world problem, but bitcoin is able to return gold the status of world money. Bitcoin was originally created as digital gold. Therefore, if a part of the fund is stored in bitcoins, then it should be a gold fund - this is the main idea. Bitcoin prepares the ground for the return of gold to the status of world money.

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April 10, 2018, 02:42:55 PM
 #5

Hello everyone!


Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?



Will in my own belief,definetly yes!bitcoin will solve in the worlds problems,if the whole world become a capitalize nation,and all part of the world  will become digital currency knowledgeable,especially those who belong in the thirds worlds country,and all the system will become legal in monetary fund in digital world,and all the dreams and ambition of Mr.Satoshi to help the growth of economy and social responsibility would achieve and become usefull in this cruel world.

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April 10, 2018, 02:45:22 PM
 #6

In some cases I think Bitcoin can help to reduce it but I think bitcoin alone is not the solution for the world's problem. They have a lot of problem of world to be addressed not just money issue or financial crisis, yes it will help but the solution is not in the hand of Bitcoin but those people in government position that empower the laws and regulations  of every country and they have right and authorized to the solution, and also the people who inside their premise.
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April 10, 2018, 02:49:18 PM
 #7

What problem are we talking about? there are a lot of problems in a certain country and if we will be talking about world problem that is way harder than a certain country. As you have said, Bitcoin is just a decentralized digital currency its function do not included any solution of the World's problem but this technology will made our transaction way quicker than the traditional ones.
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April 10, 2018, 02:50:19 PM
 #8

Bitcoin become great alternate currency in this digital era , it's also fit for global transaction because it's cheaper and faster than fiat ( WU)
But my government and maybe other government also agree that bitcoin still has many spot that can be use for criminal purpose so that's why my goverment still not legalize bitcoin yet.

I see bitcoin as savior but it's can't save all world's problem !

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April 10, 2018, 03:09:33 PM
 #9

Hello everyone!


Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?




The thing with bitcoins is that it has a lot of problems within itself already and there are a lot of them. And you know humans, it is our nature to see the negative sides of just about anything more than the positive sides of them. But, despite this fact, bitcoins are already solving quite a good number of problems already of our world. If bitcoin manages to solve its own problems in its system and usability, I think that it will be more capable of solving even more problems that we currently have in this world, specially the outdated monetary system that we currently have.

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April 10, 2018, 03:13:04 PM
 #10

Bitcoin actually contributing more problem to the world than the benefit it giving. more global warming mining needs more energy to produce/mine bitcoin, another problem is easier way sending funds for terrorism.

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April 10, 2018, 03:26:58 PM
 #11

Hello everyone!


Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?
But what is the world's problem in your opinion? You're just describing the history of Bitcoin and then asking if it can solve the "worlds problem". There's a lot of problems that Bitcoin could potentially be a variable in when it comes to solving them, or it could be something that has next to no place in solving a problem. Bitcoin might be a factor in opening up financial systems for everyone, for example, while it isn't as beneficial when it comes to solving hunger in certain countries.
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April 10, 2018, 03:36:23 PM
 #12

Your question is very general, can you ask as specific as possible. Like, can bitcoin solve the world economy? or can bitcoin and blockchain reduce corruption, as is the case in many developing countries? Both questions have a correlation with your statement about bitcoin. But I want you know the problem that happened in my country, and I think blockchain and bitcoin can solve it.

I live in a developing country, so a lot of cheating happens especially in government. A lot of corruption happens, and punishment against corruptors is not worth the public expectation. With blockchain can help reduce and even eliminate corruption in my country, because blockchain system is so transparent that it can be seen by the masses. That way blockchain can solve the world problem.

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April 10, 2018, 03:44:26 PM
 #13

Hello everyone!


Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?



Very easy to answer. The world is already effed up so bad that even God himself is not helping to solve worlds problem. Bitcoin will not solve the worlds problem but may facilitate access to finances for some people.

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April 10, 2018, 03:48:41 PM
 #14

Please stop talking about it as if it's some sort of panacea to all economic woes. That's how people get ripped. http://cnnphilippines.com/news/2018/04/10/bitcoin-scam-pnp.html

The thing is it'll just be an efficient and decentralized way for people to exchange value, if it'll stay true to the original mission. Even if it manage to replace fiat, at the end of the day it's still just money. Just like now, if you don't have money, you got less options.

Bitcoin actually contributing more problem to the world than the benefit it giving. more global warming mining needs more energy to produce/mine bitcoin, another problem is easier way sending funds for terrorism.

Just move all the mines to the colder regions, they can use the residual heat to heat homes.
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April 10, 2018, 03:51:06 PM
 #15

Bitcoin is more a technology for technology. On its base there are many Altcoins, which can really solve world problems in the 21st century.
At one time, electricity was useless until lightbulbs, radios, etc. appeared.
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April 10, 2018, 03:53:35 PM
 #16

Bitcoin isn’t perfect and can’t solve the worldwide problems made by the people itself. Human hunger and thirst for Money, it has created more chaos than satisfaction for our greediness. None can’t save us from what we become now, but hope is present only by the new generations who will value life and lead this world be a better place.

Money is the source of evilness, bitcoin only divert some into a positive and less corrupted technology like blockchain. It can’t stop it, but minimize this.
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April 10, 2018, 03:56:34 PM
 #17

No. Bitcoin cannot solve problems in the world economy. The reason for this is that bitcoin still remains tied to Fiat. This makes bitcoin and users vulnerable to attacks by governments and banks that are not interested in parting with their monopoly position in the financial markets. Only after the possibility of using bitcoins as a currency will it be possible to talk about its future.
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April 10, 2018, 04:04:04 PM
 #18

Hello everyone!


Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?


Of course no. Bitcoin was just a currency like fiat it has not a power to solve the worlds problem. People was the reason of all that problem and we, people also the way tp solve it. Bitcoin can only help us to solve some of it like financial need. If we continue earning bitcoin day by day it has a great possibility that we can help more to poor people if we are going to set aside ourselves and think about others.

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April 10, 2018, 04:14:00 PM
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Hello everyone!


Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.

Can Bitcoin solve the worlds problem?



Well bitcoin can solve some of our world's problem like elimating the rate of poverty as well as reducing the rate of unemployment but not all issue can be solved by bitcoin because government and citizen of a country should take accountable for the responsibility of solving the problems in their community. Bitcoin will just support us financially in our some problems and will also give knowledge to us.

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April 10, 2018, 04:15:52 PM
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 #20

you only made your question unreasonable wrong by first copying two paragraphs from https://en.wikipedia.org/wiki/Bitcoin and pasting them here!

your question is only the last line and it is vague at best. the world has a lot of problems, what do you have in mind that you want bitcoin solving?
bitcoin may or may not be able to solve it. for example is it the charge back scam that the merchants suffer worldwide? then yes bitcoin is solving that!
is it world hunger? then no bitcoin is not solving that!

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