Quote from: Ale88 on August 02, 2023, 11:51:08 PM

Quote from: Owagee on July 31, 2023, 03:59:11 AM

Been asked a couple of times, what problems does cryptocurrency solve, and what’s its unique value proposition compared to other cryptocurrencies or traditional financial systems. Would love any other users take on this ..

As many other users already pointed out, inflation is one problem that cryptocurrencies can solve but for me there is another aspect even more important: you can send money to whoever you want, whenever you want, without the need to get the permission from any bank or other agency. Let's not forget that many people in the world have no bank account therefore it's difficult for them to receive/send money. With cryptos you just need a smartphone.

right, that's one of the advantages of transferring using bitcoin, where effectiveness and efficiency are one of the advantages because of its decentralized nature. on the other hand we can also manage our own savings without administrative costs, it's only possible that the value fluctuates due to fluctuations that occur. but unfortunately this cannot be done massively to help with daily needs, because there is no legalization in my country yet, so it's practical with bitcoin just to make money