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Author Topic: Is crypto Currrencies failed to solve the Problem??  (Read 681 times)
niisarearning (OP)
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March 29, 2019, 06:15:55 AM
 #1

Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
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March 29, 2019, 07:50:52 AM
 #2

I loved one thing people believing on solution or Solution for the problem using crypto currency .
If many ppl is believing in a project it will succes sooner or later - But if its a solution to a problem really depends on the adaptation of the project.
Lets take Ripple in example - The coin is not adopted by banks, but the technology behind the transactions is adopted.

Do you find any currency really solve the problem??
That depends on what problem? - Many project ain't the solution to a problem, but a guidance to reach the solution.

A clever person solves a problem. A wise person avoids a problem.
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March 29, 2019, 07:56:32 AM
 #3

We already have bitcoin that can solve most of the payment methods one big problem and that is the slow arrival of money and high fees. I'm impressed before with those proposals on how they are going to solve problems but it seems to be identical and nothing new with their proposals, that's why didn't invested with any of those.
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March 29, 2019, 07:59:26 AM
 #4

Previously, about one or two years ago, when cryptocurrencies are been created, they are solving  few problems but now I can say that only few of them are. Many developers are driven to gain only and nothing more.
If want to join a crypto project that promise to solve a particular problem, make sure they have a working product and not just promises.
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March 29, 2019, 08:09:30 AM
 #5

Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
Apart from utility tokens that have real time use and working product that support it, the rest of all the other cryptocurrencies that promised of solving some particular problems have failed to meet up with that promises and most of the problems they promised to solve only exist on their white paper and that is the most reasons why some of them price always fall to zero after been listed on the exchange.
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March 29, 2019, 08:15:10 AM
 #6

Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??

I can't say that Crypto has yet developed a solution, but it's under development. At present, it is important to have a serious trade volume, even in its fallen state, and tell us about the potential it carries in the future. No innovation has been adapted in a few months. It's just a matter of time.

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March 29, 2019, 08:26:27 AM
 #7

The cryptocurrency ecosystem is design to solve the problems of double spending in financial transactions, but most of the tokens and coins that have no real use are just pumped and dumped within a short time, because they lack the foundations for a sustainable market relevancy.
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March 29, 2019, 08:57:06 AM
 #8

Wait, solve the problem of what? You need to define what is your mean.

For me, the crypto solving the problem of people's finances so they can have a new method to make money, and they can also have a new type of investment. And that already solves the problem, right?

But if your mean that is the ICO, then I don't think that there is an ICO that really can solve the problem in each section because so far, I don't see any implementations in real life and public still using the same method as usual.

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March 29, 2019, 10:18:35 AM
 #9

Some projects intends to solve problems of the society according to their project's perspective plan, i can see some project are realistic and i also see some of the projects aren't successful with their plans, however ico projects are made to be able to make an innovative way to solve or make some new point of view for cryptocurrency.
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March 29, 2019, 10:33:10 AM
 #10

Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
I haven't found it yet. everything is only in the planning stage. even projects that were successful a few years ago, now have no certainty. I think all those solutions will never be used later. people only invest because they want to get no more profit. because this is a lot of the price of coins that have been destroyed when they have gone up.

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March 29, 2019, 10:49:51 AM
 #11

It seems to me that it all depends on what problem you need to solve. Some coins may do this and some may not. That's the whole difference between them.

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March 29, 2019, 10:53:09 AM
 #12

I believe that the only currency that really changes the world is Bitcoin. all other altcoins are temporary coins for making money and manipulating

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March 29, 2019, 11:02:35 AM
 #13

Cryptocurrencies will be useful in the future, not today. Most of the traders are here for earnings. On the other hand, most existing cryptos are in the same state. Also, it is unknown how long the currencies with the product will survive.
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March 29, 2019, 11:06:17 AM
 #14

Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
Did you never think if there was a bunch of non sense whitepaper that created by 5 old years kid? Major crypto gives a lot of solution to common problems. You should see that or at least count that.
It doesn't make sense if you are counting those non sense icos with non sense WP.


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March 29, 2019, 11:35:52 AM
 #15

Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
The answer is YES and you should notice that cryptocurrency is very effective as mode of payments, for remitances and other means of services its quite faster and more cheaper than traditional platforms like Banks  and I think more problems was solve already like huge bank transfer fees and other related services thanks to crypto-currency revolution you can even sent a multimillion dollars with just a minimal fees of few cents or a dollar.
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March 29, 2019, 11:36:55 AM
 #16

Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??
Why you are investing on such projects? You can trust the coins which are only created from mining which gives worth to the coin than the tokens which were just created from no where.Crypto currency is not only to make profits you can use it to transact on your own.

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March 29, 2019, 11:50:46 AM
 #17

Perhaps EOS will be one of those altcoins that can reliably bring many technological solutions to the current world.

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March 29, 2019, 12:16:06 PM
 #18

Being a Crypto currency lover for a long time . I loved one thing people believing on solution or Solution for the problem using crypto currency . Not only believing even they were investing . But i found lots of solution were just fake promises . Lots were submitted big white paper with lots of hopes only with the intention of raising funds . Do you find any currency really solve the problem??

I hope you find your joy is still with crypto,,, I too believe in some of the tokens I own, mostly I have Litecoin and Bitcoin, and for me, those two are the real ones trying to solve a real problem. But sometimes the solution is not a popular choice and people abandon it, like Elastic, which I invested a lot in.

And then we have false utility coins like exchange coins that keep getting higher in price.

For me, not all crypto solves problems, and even worse, not all owners want to use them.

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March 29, 2019, 12:23:05 PM
 #19

I think that the market has finally faced the problem of the lack of working products. There were so much great ICOs with outstanding ideas that have collected enough money to realise them, but even in top 100 coins only a half can provide a working solution.
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March 29, 2019, 12:54:53 PM
 #20

I think cryptocurrency is facing trials and cryptocurrency problems because of its penetration we see its collapse and so is that the cryptocurrency market is rising and recovering from its downturn, the cryptocurrency market has been denied its trials and the fact is again increasing the prices of coins and it continues to increase over.
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