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Author Topic: What is the mission of crypto?  (Read 2830 times)
Letre
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August 14, 2018, 01:38:07 PM
 #81

The main mission of crypto is to make cross border transaction faster and easier. Crypto can also be used as a mode of regular payment beside fiat money but there aren't much retailers that accept them, yet. Although many think that crypto is something that will make you rich overnight but the truth is it’s still in its initial stage and we are yet to see its true outcome.
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August 14, 2018, 01:43:29 PM
 #82

The main mission of crypto is to make cross border transaction faster and easier. Crypto can also be used as a mode of regular payment beside fiat money but there aren't much retailers that accept them, yet. Although many think that crypto is something that will make you rich overnight but the truth is it’s still in its initial stage and we are yet to see its true outcome.
In my humble opinion, I think crypto currency was created to help us, people to gain money easily in order for us to sustain our family needs. And I think because they want a decentralized system that is so great.Many of us believe that crypto is our future and will replace cash. I think.

Y U MAD AT ME
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August 14, 2018, 02:00:24 PM
 #83

It’s true bitcoins main mission is to replace fiat money and also centralized banking system.
if it is a crypto mission, I don't think it can be achieved because fiat money and centralized banking are made by the original and official countries to facilitate payment. if crypto wants to replace all that needs full support from the community and the government then all can be achieved but it is impossible.
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August 14, 2018, 05:06:02 PM
 #84


In different countries, crypto-currencies are considered as a payment instrument, a specific product, may have restrictions on turnover (for example, prohibition of transactions with them for banking institutions).
akosijue
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August 14, 2018, 05:23:29 PM
 #85

Actually, you have seen, you just didnt know that you use cryptocurrencies. Here in Philippines, Bitcoin has been widely used for 2 years now from banking to mobile wallets to pay bills, aend money, and stuff, instantly because of a decentralized blockchain. Many things you use that if you see it cleqrly, uses cryptocurrency and blockchain as means of transactions.
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August 14, 2018, 05:38:22 PM
 #86

the very basic mission of cryptocurrency is that transaction's are very transparent for every users and peer to peer transaction that you dont need to go in the bank to deposit but instead you just used your smart phones to make transactions, remittance are more convenient because of its peer to peer transactions.

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August 14, 2018, 05:39:18 PM
 #87

The main motive of cryptos are to provide a decentralized system where you don't have to carry the currency with you everywhere, it provides maximum security and cheaper and faster transaction. So, basically it is there to provide a better payment method than what was there from before.
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August 14, 2018, 05:45:39 PM
 #88

cryptography is needed to speed up the process of exchanging payments, so that it can be done among themselves without the participation of the bank.
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August 14, 2018, 06:02:28 PM
 #89

The mission of crypto is to provide much needed guidance and advice to the newcomers in the crypto space, using the wealth of experience.
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August 14, 2018, 06:05:07 PM
 #90

to use it for the future if the project is good because others ico does not last much longer as dev ico tired of tired of continuing their project so few icos are good to join because some other projects also scam .
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August 14, 2018, 06:06:15 PM
 #91

Crypto was invented and started with a mission to help the people by providing safety, low cost and to weed out the intervention of the third party. It wants to keep the all people under one umbrella.
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August 14, 2018, 07:45:19 PM
 #92

At the moment it looks that mission of cryptocurrency is financial speculations. Unfortunately most of the cryptocurrency users use it for investments or trading only. I hope cryptocurrency usage will change, but it is not the short way.

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August 14, 2018, 07:53:09 PM
 #93

I know crypto by the end of 2017. I learned a lot about crypto but I still do not know what it was born with a mission. I have heard many people say that crypto will change the world, crypto will be the future currency to replace real money, crypto will be applied to life, .... I still have not seen many things Applying from blockchain technology instead of paying for some co-payments between projects.
The mission of bitcoin is to give us an option, before bitcoin there was nothing you could do, you were forced to use the fiat of your government, at best you could use gold to store your wealth but you could not use it as money and then bitcoin appeared, the greatest thing about bitcoin is that it can used as a currency, I know that it is not being accepted in most business right now, but if things continue in this direction it will come to a point in which you could do all your shopping with bitcoin and nothing more.
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August 14, 2018, 08:00:59 PM
 #94

mission is easy, take the all world economi and use them for people. build different but better system against classic bank system and go for it.
FrosyaBulatova
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August 14, 2018, 08:11:34 PM
 #95

What they say about cryptocurrency is absolutely true. Crypto will really change the world by opening new doors with new possibilities. The only thing that is not written - that it takes time for this. After all, krypo has not yet become commonplace, but not yet known to everyone in the world. Therefore, we observe only the origin of this sphere. The mission is to make our lives easier.
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August 14, 2018, 08:19:36 PM
 #96

Mission of cryptocurrency is make our world clear with blockchain help. All new tokens build on blockchain tecnology and it means clear for all deals
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August 14, 2018, 08:20:06 PM
 #97

Crypto facing worst time this year. Continuesly it’s declining it’s market value. But hope it will be increase again because it’s have a mission with future.

It will increase again, just have faith and have more patience to hold your coins because the market price is based on demand and supply so obviously it will pump up again before the year ends.
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August 14, 2018, 09:16:25 PM
 #98

Only a small amount of crypto-currency is now used for its intended purpose, mostly people buy them to get a quick profit due to the volatility of the exchange rate. However, most coins are created for other purposes. Some provide confidentiality of transactions, on the platform of others carry out projects of primary placement of tokens, and others were originally developed as a replacement for traditional money.
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August 14, 2018, 09:21:27 PM
 #99

The orginal crypto inventor, Satoshi Nakamoto, was a huge supporter of decentralized and open sourced systems.
That's why he created the blockchain in the first place.
It guarantees trust and distribution.
This make is so you can cut out the middle man and directly do business or interact with someone.
When you stop and think about our world, most of the things we consume are actually through middlemen.
We buy things not directly from a supplier or creater, but through someone who facilitates the product coming to you.

This is done because we personally can not make relationships with the supplier due to distance, time, and trust.
However, the blockchain guarantees transactions without having to have someone in the middle to facilitate it.
It can't be cracked either, it is an open, distributed ledger.

This is game changing because it will entirely change governments, and businesses.  No more bloat, middlemen, time consuming, and extra fees.

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August 15, 2018, 06:19:12 AM
 #100

The reason behind crypto was to eliminate the rich poor gap and to bring economic stability to those countries which were struggling with their GDP, for example by creating jobs and reducing unemployment.
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