Post
Topic
Board Bitcoin Discussion
Re: Digital currencies to solve problems
by
Brad Pitt
on 12/10/2015, 15:20:18 UTC
Hey guys, what type of problems do you think the use of digital currencies could help to solve?


i think cryptocurrencies as a whole are too young actually solve any issue in the world yet. but they all have a lot of potential if they get mature enough.
one of the best features is what OmegaStarScream mentioned above, and that is the cheapest transactions so far. anybody can send any amount they want to any person in any place of the world and as fast as possible while this is not possible with using current (fiat) methods. so cryptocurrencies can be a good solution for that.

Bitcoin is still young in the grand scheme of things and will likely take many more years to grow into the mainstream as tech like the internet did, but bitcoin is not the only way to send money around the world. You can do that with many bank transfer services or even fiat and sometimes even for free.