REAL WORLD PROBLEMS AND BITCOIN

[aliceHortrex]

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

Bitcoin solves the most important and major problem - the government's intervention in the financial system and its manipulation. It's really very annoying when a third party is watching all your movements and actions. Bitcoin is completely anonymous. This is its main charm as a tool of use. It also solves the problem of taxation, since the person of the state is absent in the regulation of financial transactions.

[b3llsf1l3s]

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

with the existence of bitcoin, the advantage is that someone who was previously unemployed, they could have the opportunity to work even though it might just be temporary. secondly, some countries that have financial economic problems also have the opportunity to be better, even become investors

[Indrawan77]

There are a lot of things that can be solved ifnthe government decided to adopt crypto, the first one is the economics problem, bitcoin has been making a lot of new job opportunities and businesses, so it can help poverty to decrease, it can be used for global transaction so it really help make people eaaiee to do business all over the world, and together with blockchain crypto can be used to solve many dispute problem

[OnceTwiceThird]

Real problem of bitcoin is hard for getting legal transaction of bitcoin at many country, we faced many country still make bitcoin is illegal transaction and looks do not happy with bitcoin become as investment or trading way, many country have banned for using bitcoin.

[Zalura]

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.

actually it looks easy if we transfer to a country that does support bitcoin, but it can be very difficult if we do it in a country that prohibits the use of bitcoin such as the country of Bangladesh or other poor countries,

[aray80]

Very bound. because some of the causes of the change in the value of bitcoin are increases in purchase prices and selling prices, so, if there are problems in the real world related to bitcoin, then it will affect users to act according to the good and bad effects when investing

[qiman]

I think the main thing it is solving is the fact that there is a limit to how many Bitcoins there are or will be in the world. FIAT money is based on Government debt and keeps losing its value yea rin and year out. 100 Years ago with 100 dollars you could purchase a home. Now 100 dollars you can buy a week's groceries for two in Europe or Western countries. The purchasing power of FIAT keeps going down but for Bitcoin the road can only be brighter ahead as more and more people adopt Bitcoin and lose interest holding or saving too much FIAT which depreciates so much in value over time.

[jonruhoax]

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.

This is a really reasonable answer and I like it.

You explain easily and simply and I understand it so I know what the OP question is

[CrazeCoinz]

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.

Yeah I agree with you. This is the most convenient way in transferring money around the world with less transaction fee and due to it's volatility in nature, this is also the source of many scammers that taking advantage on those less knowledgeable individual.

[Jedzkie050617]

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.

Yes. Bitcoin help some of the people to earn online to support the family. It seems not noticeable but it leads to a better and brighter future.

[Lazada]

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

Some time ago we learned that conducting financial transactions in the world has a limitation. For example, when we make a transaction with paypal, we have to verify it and that is quite difficult for most people. But with the existence of Bitcoin, now we can do financial transactions much easier. We only need an e-mail address and we can do financial transactions whenever and wherever we are. This is an extraordinary progress and the fact that technology will make life in the world more simple.

[riyarana1123]

Any problem can be solve by money and bitcoin is a currency which help plenty of flock to transfer their money without middle not even in their own nation but internationally also which directly cut the cost of middle men and save money as well as,the bitcoin also helping people in their day to day life they can use bitcoin for shopping and other purposes to solve their day problems.

[Amevalentine]

You're right the problem now is that it often happens is an economic problem and there are many investors, but the most frequent are economic problems that are needed daily and cannot rely on real work to get virtual money but bitcoin should be able to help or be a solution to fulfill the real life

[Usafstar]

Bitcoin is one which can solve your monetary problems like if you are jobless you can work over the Internet and many free lancers sites are available where you can make money but it is normal that people are now earning bitcoin in return and it is the modern era achievement that making money at home is possible through this medium and it is about your talent and skills that how long you can get rich in the crypto world and many problems associated with financial transactions are solved through this bitcoin.

[princesspoppy]

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.

Yes, bitcoin made it possible for us to transfer money to other people by not depending on any third parties like banks that are monitored by government. Transaction can be done easily and fast with lower transaction fees anywhere in the world that accepts and accepts cryptocurrencies. Transactions are done privately and it offers hassle free transaction process.

[Hivalley]

Poverty in my opinion is one real world problem that the bitcoin is solving/has solved tremendously and without a doubt
The bitcoin is today giving millions of people a certain level of freedom financially..

Especially in the third world countries were poverty is a perennial issue,the bitcoin is spreading far and wide in those areas and helping most individuals as their governments have failed them totally

[oppasong]

Bitcoin gives us an easy way to make transactions and does not need an intermediary like the third person or the other because bitcoin is present as a new technology that is now growing rapidly and becoming popular so that you don't need to trust those who are less convinced about bitcoin.

[Lorin]

Bitcoin can transact easily without any third party because of the  technology that bitcoin has.  Bitcoin also help many people who are in needs , it has the ability to earn a good profit specially those people who doesnt have a regular job.
Never dooubt on the capacity of bitcoin because of the different issues that youve heard instead just on believe on it.

[tenakha]

It will make the economy better so, after acceptance will be a total supply of money and it will be impossible to print more. Seeing the address of the state wallet will disrupt their dirty work. Everybody will manage their own money.

bitcoin has been making a lot of new job opportunities

In my opinion it would be the opposite. Bitcoin's acceptance will make banks and most of the economy companies useless and the workplaces will be reduced.

[greeklogos]

Bitcoin could remove such things as Western union forever. It's fast and cheap and it could to make life of many people cheaper and easier, especially those ones who send money abroad oftenly.