Can Bitcoin solve the worlds problem?

[ASHLIUSZ]

No, Bitcoin, as well as any other crypto coins are just mediums of exchange. The worlds problems vary greatly, but as far as adopting new tech to solve old financial crisis problems, certainly! The blockchain could be seen as a fintech savior but also a disruptor. The blockchain is a simple to understand concept, but it complicates the rules of modern day establishment, due to its decentralized nature.
    Not only are the ledgers digital, but also decentralized. For parliament to adopt such as change, will not come overnight. Give it some time, the tech will evolve, and solve many more problems in the finance/business sectors. Innovation isn't always welcome with open arms.

As in the quote these were a medium of exchange. In specific bitcoin state of proof which is all about the financial transactions. When it comes to ethereum, the platform is developed in such a manner that it can be deployed upon the usage. The usage can be of transaction oriented, service oriented or something else. In this regard the technology makes the functioning effective, and that doesn't mean every problem around the world gets solved.

[bettercrypto]

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?

Even the science can't solve the problems of the world, what more about in bitcoin?
I think however bitcoin is good in our economy, it can't solve the greates problem of humanity. The problems of the people is poverty. Poverty that tends to death, criminalities and under developing society. The unlimited wants and needs of the people to the scarce resources are the problem of our era. Hence, bitcoin is helpful for some but not in all. We expect that no one in this world can change or solve the problem of humanity.

[esa2782]

it is little bit difficult to claim that bitcoin can or will solve the worlds problem, because we do have a lot of problems and i am not sure if bitcoin is the answer, but it may change and create a better future, but we will still have problems, because it is just the way it is, when you are solving the problems you are also creating problems in the same time, so what can bitcoin do to solve our problem? it can help us to escape and free from the domination of the state on our financial management, as we know no matter how hard you work for money, it is always government who have it, they can freeze your anytime they want, so bitcoin could create more fair society, if i earn my money fair and square, no one  ever can touch it, and bitcoin ecosystem is able to do just that, and that means solve our problem, the injustice system of financial institution is erased.

[Sitipxz]

Hi!
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 .

[Btcmicel]

Hi!
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 .

No, in this world it is many problem that bitcoin can't solve. But if the problem is unemployed only, it can solve. Because bitcoin brings us an opportunity to: work, knowledge, big profits.

[BertoloyBTC]

It can help some of the problems the world faces, but not the whole problems of the world will be solve by bitcoin, the bitcoin can surely help the financial stability of some country in the world , but for peace and order, drugs and syndicates cannot be resolve by bitcoin, not all can be solve by one unit.

[naidray]

Bitcoin is a response to the emerging need of high technology investment in blockchain. I don't directly take this as solution to wolrd problem because the world faces so many problems that bitcoin is incapable to solve. What I see with bitcoin is that is is somehow a way to at least lessen the world problems in terms of its economic problem.

I think no, because solving the world problem is a big process. And it depend to the leader of the government. The solution should start at our government. But bitcoin is a big help to our world problem in terms of funds.

Absolutely a big process but it is not something we can just expect to happen all immediately as it may still take some time even if it does at all. Also, it depends on the problem we are actually trying to talk about here because when it comes to the problem that centralization has brought over the years, we already know the level at which bitcoin is solving that and the whole idea of decentralization.

Moreover, take a look at Zimbabwe which is more of a case study here and how the citizens have decided to switch to the use of bitcoin based on how destroyed their fiat system generally is.

[Jessica2009]

           According to my opinion Bitcoin can solve most of the world's problems. The world is facing different types of problems growth of population and unemployment is one among this . The most prominent good quality of Bitcoin is that it is a decentralized currency and.It is purely a peer to peer transaction and an online cash that is Bitcoin cash is transferred directly from one person to other there is no third party involvement there is no government  to control  it.

[sparveenat]

Solving worlds problem with any instrument is not possible and as extreme level to say it is impossible also. Cryptocurrency is the tool to easy your financial transactions without any control on it and it is created for the reason no one should have control on your financial transactions nothing else. It is my point of view only. Mainly no taxation from any government.

[Pelevelyl]

Bitcoin solved someone's problems at the end of last year, when it grew up. And this year he has added to investors concerns.

[queenlaurel]

If bitcoin is accepted worldwide then why not? If we have every single person in on cryptocurrency those dealing even in small scale businesses, retailers the we are heading for a problem free world. At the same time world problem goes beyond cryptocurrency or fiat. The world should come together and understand differences,  then cryptocurrency can do its own magic!

[Bitexpert2017]

Bitcoin doesn't have that power to solve the problem of the world. Bitcoin can only helps us by giving us money for what we need to spent like if we want to end poverty in our country them lets help them to escape from that kind of life.

[South Park]

Bitcoin is a response to the emerging need of high technology investment in blockchain. I don't directly take this as solution to wolrd problem because the world faces so many problems that bitcoin is incapable to solve. What I see with bitcoin is that is is somehow a way to at least lessen the world problems in terms of its economic problem.

I think no, because solving the world problem is a big process. And it depend to the leader of the government. The solution should start at our government. But bitcoin is a big help to our world problem in terms of funds.

Absolutely a big process but it is not something we can just expect to happen all immediately as it may still take some time even if it does at all. Also, it depends on the problem we are actually trying to talk about here because when it comes to the problem that centralization has brought over the years, we already know the level at which bitcoin is solving that and the whole idea of decentralization.

Moreover, take a look at Zimbabwe which is more of a case study here and how the citizens have decided to switch to the use of bitcoin based on how destroyed their fiat system generally is.

Zimbabwe is a great example of what is going to happen if the economy of the world begins to fail, people are not going to just sit and wait until the economy crashes, they're going to try to take steps to protect themselves from that crash, in Zimbabwe we are seeing that people are using all kinds of currencies including bitcoin but if the whole system crashed then people will use gold and bitcoin more prominently.

[winterblues]

Blockchain can bring order and solve a lot of problems. But only when it becomes full proof. Crypto currencies (like bitcoin) or tokens or coins are just the value of a share of that company that claim to be run on blockchain. They are highly volatile and that makes them a risky investment. Why should I spent or buy a bitcoin or any other token today if I am not sure what it's value will be tomorrow. Most tokens today will be absolate tomorrow. And many are just scams. Bitcoin is so old a software that it has no value other than pairing and minting money on crypto exchanges. Miners and investors in this field never like to hear anything against it, they defend and promote it aggressively. Inter community war among different token holders is also fierce. Any opinion against is down vote or suppressed or aggressively counters by giving flawed logic. Their money is at stake. They entered in this quite early so are at advantage and want to maintain it. New investor caught in this propaganda and falls for it has limited options. He can wait the money to flow in so his value of investment increases. This makes this whole buisness just like a Ponzi scheme. But chances of this failing are more as the coin you hold may become useless next day or even hour! because a major flaw was found in its software or a exchange was hacked or even the developers ran away(literally). So the one tech savvy guy who is glued to computer screen all the time know about it earliest,exits and saves his money but others are slaughtered. Most crypto exchanges are not under any government and so no law apply to them. Governments and banks are viewed as enemies in this crypto world. But they also bring order. Do decentralised system bring order? You don't want anonymous computer programmers, hackers, criminals, drug dealers, whales or terrorists to run the world for you. Or You?

Most crypto currencies are not decentralised, they are controlled by few individuals with no credentials other than they are computer programmers. Their sole aim is to somehow gobble money. Some crypto currencies are not even on blockchain. Some claim their coin is anonymous. But why you want to be anonymous? Most Governments are not able to understand this and thugs are having a free run. So to say bitcoins and other similar coins will solve problems is not even a valid statement. This actually is a problem right now as it's leading to lot of mining and environmental degradation. Unnecessary fees for transferring. Time consuming and limited number of transfers. Though NANO is also not decentralised yet and not full proof but it appears to heading in right direction.

[Tungsten-1]

Yes, bitcoin can solve world problems. It can a source of income for a lot of unemployed people.

It would not resolve all the issues but we can acumen that with the help of bitcoin, there would be observed sharp decrease in poverty and unemployment. Even in the highly developed states, people are facing the problem of unemployment. We are not going to give up on bitcoin because I believe that if we keep using it, we can make governments give in to our demands and make it legal everywhere.

[Indai24]

Yes, bitcoin can solve world problems. It can a source of income for a lot of unemployed people.

It would not resolve all the issues but we can acumen that with the help of bitcoin, there would be observed sharp decrease in poverty and unemployment. Even in the highly developed states, people are facing the problem of unemployment. We are not going to give up on bitcoin because I believe that if we keep using it, we can make governments give in to our demands and make it legal everywhere.

I don't believe so, for me bitcoin cannot solve the worlds problem because poverty is not the only major problem that we are facing right now. But bitcoin is also a big gelo though when it comes to helping those unemployed ones.

[sserge009]

At a certain rate of development, bitcoin can help to find a way out of the crisis of the securities market. It's sad that governments still see in the bitcoin of the enemy and not an ally.

[malbano2099]

Now and again I figure Bitcoin can lessen it however I think  bitcoin alone isn't the answer for the world's concern. They have a great deal of issue of world to be tended to not simply cash issue or money related emergency, yes it will help however the arrangement isn't in the hand of Bitcoin yet those individuals in government position that enable the laws and directions of each nation and they have right and approved to the arrangement, and furthermore the general population who inside their start.

It can help a portion of the issues the world appearances, however not the entire issues of the world will be comprehend by bitcoin, the bitcoin can clearly help the money related security of some nation on the planet , yet for peace and request, medications and syndicates can't be resolve by bitcoin, not all can be understand by one unit.

[gharjas2517]

Bitcoin can solve some problems, first of all, in terms of finance, it can enable people to transfer freely between different countries and regions, and the cost is very low. Its greatest potential is the cooperation of bitcoin as a trust medium in every industry.

[Spain2000]

I hope so that bitcoin will solve world problems and for  now it makes things convenient and those who are using bitcoin for the good way like the credit cards theft were so common in the past and now the payments is done through online currency bitcoin Ether and many other coins of the world which is famous and good and for some way it has solved people problems by giving them work for bitcoin.