Quote from: adzino on Today at 01:47:45 AM

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 ..

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.

You've got it, pal. I mean, Im not even up to date on the paperwork at my bank. They have been constantly feeding us propaganda about how "necessary" they are. Then crypto came along and wrecked the whole system. Banks, behold as I create my own currency system! So, who's in charge now?

Bitcoin, the king of cryptocurrencies, doesnt believe in that sort of permission-based hogwash. Not me, honey; its all you! Since it is your own money, you should manage it. You're also correct that the established order needs updating. They hold far too much sway at the moment. Constantly creating new currency as if it were a game. What gives them the right to rule the financial world? Bitcoin eliminates the possibility of having your funds mismanaged in any way. You have the upper hand!