REAL WORLD PROBLEMS AND BITCOIN

[project_delta]

What real world problem is bitcoin solving rn? and to what extent?

[bob123]

What real world problem is bitcoin solving rn?

Trustless, world-wide and cheap money-transfers without any middlemen. Just a transaction between you and the recipient.
Also, you are the only one with access to your money. No entity which can freeze your money/transactions or revert anything.

and to what extent?

Completely.

[bitfocus]

Bitcoin is giving you scope to transfer money directly without depending on any 3rd or 4th parties, the transactions are fast, and very cheap. Also, you don't need to fill a bunch of bullshit forms and waste your valuable time on those.

[frchowe214]

Reliance on an incompetent government that has no idea how to manage the economy. See venezuela as an example and then others like turkey will follow. Bitcoin will save them all

[Screamshot]

Transfer issues. Bitcoin is making peer to peer transcation very stress free and cheap. From your wallet you can make transfer of bitcoin to the receivers wallet irrespective of the location of the two parties and there is no involvement of a third party

[Peacemaker1994]

The issues of privacy has affected individual using other currency. You would keep your money in banks where you submit all sort of forms and identification and a third party can get involved in your account if necessary. But you can store bitcoin in your wallet and only you have access to it

[Epimetheus]

What real world problem is bitcoin solving rn? and to what extent?

Bitcoin is most accepted cryptocurrency in the world. It help many people to solve their many problems. In many place bank are not present and in those place bitcoin help people in their money transaction. Bitcoin also help people in the case of international money transaction and exchange and it also an less trouble and uninterrupted way to transfer your money from one place to another. Another thing by which bitcoin help people is its investment purposes and other money earning methods. These thing help many people to overcome their economy related problems.

[Sama517]

What real world problem is bitcoin solving rn? and to what extent?

Bitcoin has given everyone a better and faster option to carry out financial transactions. With Bitcoin, distance is no longer a barrier nor influence charges to be paid whenever you transfer money to anyone.

[louie69]

In my opinion, real problems are many in the crypto world. One of those are the people itself scamming people like those scam ICO's that are in the market promising the people with good return of investment but in reality, it's undervalued and most of the thing happened is that such ICO has never been successful leaving the investors out of thin air. Another real problem I see is that people who had invested in btc has this reaction to get panic and the fear of losing their investment could result them to do panic selling. These people are only after for the quick money and do not have the patience like most of the old timers and successful investors.

[ICOMain.io]

One of the most prominent, around the world, is the lack of consumer understanding of the subject. For all its development, it remains difficult to explain to the average person just how bitcoin technology can impact their lives

[cc80aa]

   Blockchain technology also has great impact on our society.The flow of products, information, currency, and people will run faster and faster, and all the obstacles, that is the traditional nodes that do not generate value will be impacted,such as the agents and distributor who increased their prices, businessmen that take advantage of information asymmetry, speculators obsessed with hoarding.the society will be fairer and more highly efficient and effective and the value more equivalent.

[Jacey Barnett]

Bitcoin gives you the ability to make transactions without a middleman. Just a transaction between you and the recipient. The transactions are fast and cheap and not going through tons of paperwork to get something done. you're the only one access to your money and no entity can freeze your transactions or revert anything. It is the future.

[Addisyn Sellers]

Bitcoin isn't solving any problem, it's just making the exchange easier and it's keeping the identity hidden and no additional money is needed to transact our exchange. Just a normal give and take, but if it goes global and approved, then it might be good for the world economy.

[MarcoMayer]

Yes bitcoin with blockchain technology has created a financial system that is helping the world and will continue to help in the future. The decentralized currency has no control by an institution but the user. And also the profit and the economic growth.

[batang_bitcoin]

- No need for any third party just for a transaction to commence.
- No need for a bank account just to have a place to keep your funds.
- Cheaper fees and faster than usual sending transactions.
- Privacy.
- You have full control to your money.

[dablatair]

Hello,

Bitcoin allow to transfer money without external interventions, control and fees. It also give some privacy with our own money. finaly it gives freedom to everybody because it is accessible to everybody. More generally blockchain will help to provide security with proof of operation accessible to everybody without possible manipulation.

[geminiboy]

recognition of the existence of bitcoin in the real world has now spread throughout the world, bitcoin has a basis and real evidence has improved the economic life of small communities, the presence of bitcoin can be considered in all countries

[yaphetSGG]

According to me, two problems are mainly targeted by Bitcoin or decentralization process that they want to sole. Firstly, the eradication of middleman service and make transaction direct for the wallet users thus create reliance among the users. Secondly, lessen the fees of transaction and conversion rate from crpto to fiat or crypto to crypto.

[pretius99]

good project but unfortunately I am less interested in following it because I prefer trading compared to investment projects that are not yet clear

[biskitop]

maybe more safer and more convenient investment. which allows peer to peer transactions supported by blockchain technology. I think it has been solved but it's just that the government hasn't fully adopted bitcoin as a legal currency to trade.