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Author Topic: Is crypto Currrencies failed to solve the Problem??  (Read 726 times)
upsidedown75
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March 31, 2019, 07:48:55 PM
 #81

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 freedom crypto currency brought is still there and the technology is still as strong and can never be altered but we users are the ones that are trying to change the system for them especially investors and I still don’t blame investors too, majority of the blame is still to the project team and developers because they portray their projects has been useful for investment alone and does not really make investors see the need to utilize the product for their benefits.

Hence, virtually every investor put in money to make profit out of it and dump it when the need arises which eventually renders their project useless and until we start seeing these crypto as what we need for utility, the solution crypto has really brought will not be effective.
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March 31, 2019, 08:06:40 PM
 #82

Cryptocurency is still at an infant stage with a core concept to provide a decentralized, secured, obscure and cheap avenue for financial transactions and so far, it is living up to expectations with potentials to become more widely accepted
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March 31, 2019, 08:33:39 PM
 #83

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.
You have said what is in my mind.Additionally maybe the OP able to ask this because he’s confused realizing the true solution crypto has given to industry by so many fake and scam projects he encounters or we encountered already.  Grin
We have the same thought and that what should others understand. They keep looking for a solution but in reality, there's already one.

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March 31, 2019, 08:47:59 PM
 #84

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??
If you are talking about the scam projects that convinced you, there is nothing you can do about it, being a new market, expect all sorts of people to exploit the new system and that is what happened here with all the scams we have seen in this market in the form of ICO and millions are lost because of that, majority of the projects were scam or never fulfilled what they set out in the first place, bitcoin will sort majority of the problems and hopefully we will see legit companies taking the space and coming up with products which will solve certain issues that can be resolved by this innovation.
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March 31, 2019, 09:04:48 PM
 #85

The crypto that can give me a good income is to invest in the top 10 coins. This is an investment that can give me very pleasant long-term investment and profits. Even to trade every day can provide good benefits. So to solve the problem I can invest in Bitcoin and Ethereum.
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March 31, 2019, 09:26:13 PM
 #86

The crypto that can give me a good income is to invest in the top 10 coins. This is an investment that can give me very pleasant long-term investment and profits. Even to trade every day can provide good benefits. So to solve the problem I can invest in Bitcoin and Ethereum.
Trade of course can make a profit, but you need to have experience and knowledge. I do not recommend selling big sums to beginners, it is dangerous.
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March 31, 2019, 09:31:08 PM
 #87

I do not think that cryptocurrency has failed to solve the problem because its still evolving and the team members of different project is working hard to develop a working product that will soon provide a solutions for our real-life problems.

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March 31, 2019, 09:39:48 PM
 #88

Cryptocurrencies are yet to solve the problem, just like Internet in the late 1990s were still growing to solve many problems.

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March 31, 2019, 09:44:00 PM
 #89

What kind of problem do you want solved?  Better decentralized exchange? An Estate development coin that truly works?  Great blockchain social media? Decentralized Healthcare!
 I think good projects already exist.
One thing all the projects have in common, they failed to attract huge number of users, they have no idea how to attract huge number of users, they are unable to keep growing or are unable to keep existing users on their platforms.

I guess  incentive is partly to blame for the problem and the inability to create platforms users cannot do without.
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March 31, 2019, 10:31:06 PM
 #90

Cryptocurrency has solved many problems that existed earlier. Talking of speed, security and faster transactions has been solved by cryptocurrencies. There are many other problems that cryptocurrencies have solved various problems.

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March 31, 2019, 10:38:01 PM
 #91

It is really hard to believe that crypto currencies will solve many problems of our community in a regular basis, as of now people don't put much attention to what this kind of currency is really meant to be, they rather make a profit out of it leading to forget it's main purpose. Days gone by new comers and new investors are thinking this is a gateway to being rich in a short moment, they disregarded facts that a technology like this could benefit them in a long run, if nothing has change, this kind of tech will be surely a failure and just like the other currencies that we already had, and nothing changes at all. In short we need to change ourselves first before this beautiful tech does.
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March 31, 2019, 10:56:41 PM
 #92

I am also aware of that but I am also aware that there are some that will really be the solution, therefore I still believe and want to keep looking for it because when there is a good number of bad projects then the project will be very hype and have very high value

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April 01, 2019, 01:41:24 PM
 #93

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.
You have said what is in my mind.Additionally maybe the OP able to ask this because he’s confused realizing the true solution crypto has given to industry by so many fake and scam projects he encounters or we encountered already.  Grin
Crypto is not the major problem here, because when we talk about crypto, we also talk about bitcoin and I don’t think bitcoin has failed in any ramification, the object of crypto currency has stated from the onset is still valid and being used, other projects coming out later thinking they could compete with bitcoin is what is the problem, if we had all stickled to bitcoin and using it for our daily settlement.

We would not have fallen in the hand of scams because bitcoin cannot scam except they use it to either launder money or means of illegal settlement which is still found in the normal traditional market that is making life unbearable for us.
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April 01, 2019, 01:55:55 PM
 #94

Cryptocurrencies solve a huge number of tasks that many people today are already solving. I think that everything will turn out and cryptocurrency will continue to be solved and in the future we will use cryptocurrency as today
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April 01, 2019, 02:53:55 PM
 #95

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 think allot of cryptocurrency is not really focusing on a large scale problems that we are thinking, they are more on providing solutions on existing problems, what I mean is that, they are intensifying the solution to a problem that is already established before. Like increasing the trading potential of a platform, making a transaction better and etc.

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April 01, 2019, 02:58:25 PM
 #96

I see you are worry about the ICO project's promises and real time growth and solution from it. If you believe the fake ico projects and expect to make some solution. I am sure we will not get any solution as expected. I advice you to read the realtime usages of bitcoin and ethereum. Where all it is been used, then you will be able to confirm the solutions we already found with bitcoins.
Many e-commerce sites accepting bitcoin, banking solutions, ticket purchases with bitcoin, gambling with bitcoin, international transactions fee solution.

 
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April 10, 2019, 04:17:39 PM
 #97

I think you should believe in the money you want to invest. For example, I believe in bitcoin. Investing in that small amount of money is complete, forget it. Then there will be times when you open up and have a miracle
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April 10, 2019, 04:45:07 PM
 #98

Cryptocurrency has already solved it problems and even problem comes then cryptocurrency has the solution as always.we all now that cryptocurrency market suffered a deep fall and look its recovery has begun and we assume that it will continue until it reaches the top of it.This is one of the reasons why we need to stay on cryptocurrency the power of it to solve the problems involved.
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April 11, 2019, 10:38:12 PM
 #99

There are thousands of cryptocurrencies promising to "cure the whole world from poverty with revolutionary blockchain technology" etc. Not that difficult to figure out the market can not sustain so many projects without incredible demand for it. Private companies do not need public blockchains when they can build their own for internal purposes. With the whole field in its beginning, it is impossible to predict which of the fields do actually need it in order to cut expenses. However, they provide a unique system of assets that can not be counterfeited for anyone. Sending money to a friend across the globe in minutes? No problem! Local authorities destroy your savings? Crypto is here for you. At the moment, it is a safe tool providing digital financial freedom. I am sure of its technological progress which will eventually bring even cooler services to every human being Smiley. Crypto is not an answer to every problem, but it holds its noble purpose.

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April 17, 2019, 02:07:02 AM
 #100

Cryptocurrencies solve a huge number of tasks that many people today are already solving. I think that everything will turn out and cryptocurrency will continue to be solved and in the future we will use cryptocurrency as today
I believe that in the future cryptocurrency will be a financial solution that can reduce current problems by using digital currencies, because technology is part of a change towards a better life.
Therefore, in my opinion there are no failures or problems that cannot be resolved as long as the cryptocurrency is used correctly, the user and country where he is located must always make transactions based on existing regulations.

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