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 ..
It does solve a lot of problem. Not all crypto currencies, but some do. Traditional fiat system is centralized and normal people has no say on how things will be controlled. Only few people in power can decided whatever they want and basically they alone "owns" everyone's money. They can print money anytime they wish, they can deny access to your funds if they want and they can seize all your money without your permission. Decentralized currency like Bitcoin solves this centralization issue. And lets not forget that not everyone are able to have or access the banking system. Crypto currencies let anyone from anywhere be their own bank where they themselves have full access and rights to their own coins.