Topic: Bitcoin and crypto purpose (Read 289 times)
Purpose of Bitcoin and crypto is to provide secure online way of transaction in term of tokens and coins. token and coins are also able to trade and earn
Cryptocurrency or crypto money is a currency that is currently popular in recent years. The main purpose of cryptocurrency is as a substitute for a centralized banking system, where every transaction that occurs is under the supervision of a bank. Cryptocurrency is also used to conduct online selling transactions, mining , and as a means for investment.
and to replace banking with a centralized system is not easy. until now the government still needs control. while bitcoin is a decentralized network, so it takes a long time to adapt and is legalized by the government. but nowadays bitcoin is actually attractive for investors looking for profit, and they can invest or trade
Cryptocurrency or crypto money is a currency that is currently popular in recent years. The main purpose of cryptocurrency is as a substitute for a centralized banking system, where every transaction that occurs is under the supervision of a bank. Cryptocurrency is also used to conduct online selling transactions, mining , and as a means for investment.
What good writing do you have? and what a beautiful phrase it is"BTC is digital gold" I appreciate all of that you have said. I think BTC provides an open market for the people of the entire world. There is no such example before BTC who introduced & provide a worldwide business for all communities of the world. It is such a kind of business that is easy to learn for everyone and easy to approach for all.
Any aspect includes two sides, objective and pessimistic! Therefore, there can never be perfectionism. Bitcoin, crypto too, the birth of bitcoin is a revolution, where it offers many purposes of financial freedom independently, privately, and securely. It makes a strong comparison between the nervous systems the contemporary economy is facing and challenges to adapt to a new change ... However, bitcoin and crypto also has its downsides, volatility, inflation has decreased but is also one of the few causes of contradictory symptoms, economic and political recession, and trade.
As we know the btc are digital gold.
The btc is going to Fix tht problem the gold failed.
"Bretton Woods "
The crypto have Some bigger purpose as the imf stopped messimg with dollars they use different currency wich is backed by the emerging markets countries.
Now the conlusion the is alot going on and one of the blockchain s will be used by the World banks.
Now we see Why they invented crypto.
Sure we can say that ohh.. They not into crypto they want their own Sorry but thts not the Case.
Right Now its time to pick up Good blockchain and invest in the Right one what the imf and central banks are going to use it.
Before the Bretton woods gold standard dont forget tht imf friends and mbers inside right connections bought gold with bargain price before.
Its always like that.
Now its your time to use your lazy brain and invest Right blockchain what will be used by the world Elite bankers.
Dont complain after... Ohhh if I only would knew or life is not fair... Do your Research think with your brain or complain after.
The btc is going to Fix tht problem the gold failed.
"Bretton Woods "
The crypto have Some bigger purpose as the imf stopped messimg with dollars they use different currency wich is backed by the emerging markets countries.
Now the conlusion the is alot going on and one of the blockchain s will be used by the World banks.
Now we see Why they invented crypto.
Sure we can say that ohh.. They not into crypto they want their own Sorry but thts not the Case.
Right Now its time to pick up Good blockchain and invest in the Right one what the imf and central banks are going to use it.
Before the Bretton woods gold standard dont forget tht imf friends and mbers inside right connections bought gold with bargain price before.
Its always like that.
Now its your time to use your lazy brain and invest Right blockchain what will be used by the world Elite bankers.
Dont complain after... Ohhh if I only would knew or life is not fair... Do your Research think with your brain or complain after.
Bitcoin is the most popular cryptocurrency, that is the invented from a blockchain technology. that's main purpose is funds transfer digitally. cryptocurrency is not a physical but it's like a rupee. you can buy a product or services also.
The purpose and aim of cryptocurrency is to decentralize power and also not to allow institutions regulate finance and financial dealings that concerns the cryptographic network system.
As we know the btc are digital gold.
The btc is going to Fix tht problem the gold failed.
"Bretton Woods "
The crypto have Some bigger purpose as the imf stopped messimg with dollars they use different currency wich is backed by the emerging markets countries.
Now the conlusion the is alot going on and one of the blockchain s will be used by the World banks.
Now we see Why they invented crypto.
Sure we can say that ohh.. They not into crypto they want their own Sorry but thts not the Case.
Right Now its time to pick up Good blockchain and invest in the Right one what the imf and central banks are going to use it.
Before the Bretton woods gold standard dont forget tht imf friends and mbers inside right connections bought gold with bargain price before.
Its always like that.
Now its your time to use your lazy brain and invest Right blockchain what will be used by the world Elite bankers.
Dont complain after... Ohhh if I only would knew or life is not fair... Do your Research think with your brain or complain after.
The btc is going to Fix tht problem the gold failed.
"Bretton Woods "
The crypto have Some bigger purpose as the imf stopped messimg with dollars they use different currency wich is backed by the emerging markets countries.
Now the conlusion the is alot going on and one of the blockchain s will be used by the World banks.
Now we see Why they invented crypto.
Sure we can say that ohh.. They not into crypto they want their own Sorry but thts not the Case.
Right Now its time to pick up Good blockchain and invest in the Right one what the imf and central banks are going to use it.
Before the Bretton woods gold standard dont forget tht imf friends and mbers inside right connections bought gold with bargain price before.
Its always like that.
Now its your time to use your lazy brain and invest Right blockchain what will be used by the world Elite bankers.
Dont complain after... Ohhh if I only would knew or life is not fair... Do your Research think with your brain or complain after.
Satoshi Nakamoto would like to give another view to all of us, that we can control our own finances using Bitcoin. Or we can also make transactions
simpler and don't need to go through third parties such as banks. But this is what makes the government frightened by the presence of Bitcoin,
therefore in many countries it is still prohibited to use Bitcoin as payment. Even though the government's fear is too much in my opinion,
however, Bitcoin is unlikely to replace fiat. Bitcoin was created to provide payment options other than fiat. So the government should accept and
legalize Bitcoin. That way human life will become better and easier.
simpler and don't need to go through third parties such as banks. But this is what makes the government frightened by the presence of Bitcoin,
therefore in many countries it is still prohibited to use Bitcoin as payment. Even though the government's fear is too much in my opinion,
however, Bitcoin is unlikely to replace fiat. Bitcoin was created to provide payment options other than fiat. So the government should accept and
legalize Bitcoin. That way human life will become better and easier.
It doesn't matter what you call bitcoin. Call it whatever you want, digital gold or anything. It doesn't matter.
Satoshi created bitcoin with a purpose and that purpose is that bitcoin will be a currency just like every fiat currencies you can think of only that it is not controlled by the banks and the government. Bitcoin was created to give control back to the masses and every bitcoin user can attest to that fact.
It is true bitcoin hasn't gotten to the point it is generally accepted as a means of payment for goods and services but eventually it will get there and bitcoin will be the number one currency in the world.
Reading up simply the whitepaper would really be giving out the idea on why its been created and on what purpose.Its true that it wont really matter on how the masses or some people Satoshi created bitcoin with a purpose and that purpose is that bitcoin will be a currency just like every fiat currencies you can think of only that it is not controlled by the banks and the government. Bitcoin was created to give control back to the masses and every bitcoin user can attest to that fact.
It is true bitcoin hasn't gotten to the point it is generally accepted as a means of payment for goods and services but eventually it will get there and bitcoin will be the number one currency in the world.
would call it because it can really done its job which supposed to be done and thats why the community do support it because of decentralization and transparency even though there might be
some flaws which had been patch up by some alts but still the support can really be differentiated among others.
It wont really be reaching out into this point if it werent really getting some attention or support.
It doesn't matter what you call bitcoin. Call it whatever you want, digital gold or anything. It doesn't matter.
Satoshi created bitcoin with a purpose and that purpose is that bitcoin will be a currency just like every fiat currencies you can think of only that it is not controlled by the banks and the government. Bitcoin was created to give control back to the masses and every bitcoin user can attest to that fact.
It is true bitcoin hasn't gotten to the point it is generally accepted as a means of payment for goods and services but eventually it will get there and bitcoin will be the number one currency in the world.
Satoshi created bitcoin with a purpose and that purpose is that bitcoin will be a currency just like every fiat currencies you can think of only that it is not controlled by the banks and the government. Bitcoin was created to give control back to the masses and every bitcoin user can attest to that fact.
It is true bitcoin hasn't gotten to the point it is generally accepted as a means of payment for goods and services but eventually it will get there and bitcoin will be the number one currency in the world.
Right Now its time to pick up Good blockchain and invest in the Right one what the imf and central banks are going to use it.
If a central bank wants to use a cryptocurrency in a transaction they simply need to create a new currency instead of using an old one in the market. It is clear that the central bank will not accept a currency without the full authority to manage it. 
Mate, am not commenting base on your topic but emphasising on the write up, most of the words here are abbreviation which is not suppose to be in such form, as a beginner you have to follow the write of existing members, here is not Facebook group or WhatsApp group or hangout were you can abbreviate work, please try to accept corrections for better growth and development
Agreed. Learning to write, punctuate and spell is one key to communicating clearly. Communicating clearly is important if one wants to convince others or make a point. OP, if you want people to understand, you should review and revise your initial post.
In practice, there is a logic to development, currencies have evolved from gold to digital currency, Bitcoin is now the master of coins and owns the future due to the amazing characteristics it has, it is decentralized, more secure and maintains privacy as it is a completely profitable investment, blockchain and Bitcoin are the future of the world and it is certain that it is The transition will take place in the future. In fact, the transition has already started, but it is moving at a slightly slow pace.
We can briefly say that Bitcoin and crypto purpose is to replace the old monetary and banking system because it has become inconsistent with the development of the era in which we are. This replacement will certainly happen, but it needs some time.
We can briefly say that Bitcoin and crypto purpose is to replace the old monetary and banking system because it has become inconsistent with the development of the era in which we are. This replacement will certainly happen, but it needs some time.
As we know the btc are digital gold.
The btc is going to Fix tht problem the gold failed.
The btc is going to Fix tht problem the gold failed.
your opinion is wrong. bitcoin is a digital currency and it has nothing to do with gold. the problem it is trying to solve is also the problem with centralized currencies and the centralized payment processors just as the bitcoin paper says it is.
you should really educate yourself before starting dozens of low quality topics like this every week.
Invest in blockchain? are you in the development sector that you should look into that matter?
Leave that to the developers and let them develop their own blockchain or use the existing ones that's being used by a project which is also a product aside from the coin that they offer and used.
That's another thing that a project that offers, not only about the coin that they developed.
Leave that to the developers and let them develop their own blockchain or use the existing ones that's being used by a project which is also a product aside from the coin that they offer and used.
That's another thing that a project that offers, not only about the coin that they developed.
The purpose is not to replace gold, fiat or any other traditional known type of financial exchange but it is to create option just as others have been but a major difference is the freedom it brings. Therefore, no matter the blockchain, it has its security. Bitcoin as it is , is decentralized and it sustains freedom for every user.
you are right about that. Bitcoin as a more advanced and more modern payment option. With a decentralized and transparent bitcoin system, all transactions are recorded without being able to be deleted by anyone on the blockchain. Bitcoin is not controlled by anyone, including the government. Bitcoin is able to become a means of payment for the future with technology that continues to be developed. Crypto is also not just bitcoin, there are still many altcoins that have the technology to solve today's payment problems. Cryptocurrency is becoming the more modern future of payments. 
Bitcoin is never gold. Bitcoin is bitcoin and gold will become physical bitcoin.
Banks will never try to use any coin as a blockchain implementation. Instead, they are creating their own blockchain called CBDC (Central bank digital currency) which I really doubt about the efficacious. This means they have looked up to the blockchain and its achievement but no matter how vigorous and robust they are, the CBDC is never the same as bitcoin blockchain
After all, bitcoin will be widely use by most parts of the world and becoming a trustful asset is its current path
Banks will never try to use any coin as a blockchain implementation. Instead, they are creating their own blockchain called CBDC (Central bank digital currency) which I really doubt about the efficacious. This means they have looked up to the blockchain and its achievement but no matter how vigorous and robust they are, the CBDC is never the same as bitcoin blockchain
After all, bitcoin will be widely use by most parts of the world and becoming a trustful asset is its current path
Also as far as I know, the Central Banks already own gold. If they are going to back the Dollar with something, why would it be bitcoin which they yet to own? It doesn't really make sense to me. I say this because OP says Bitcoin is aiming to become "the gold" and it is not a currency but a store of value. On the other hand, some other people say it is a "peer to peer cash system". :p
Bitcoin is never gold. Bitcoin is bitcoin and gold will become physical bitcoin.
Banks will never try to use any coin as a blockchain implementation. Instead, they are creating their own blockchain called CBDC (Central bank digital currency) which I really doubt about the efficacious. This means they have looked up to the blockchain and its achievement but no matter how vigorous and robust they are, the CBDC is never the same as bitcoin blockchain
After all, bitcoin will be widely use by most parts of the world and becoming a trustful asset is its current path
Banks will never try to use any coin as a blockchain implementation. Instead, they are creating their own blockchain called CBDC (Central bank digital currency) which I really doubt about the efficacious. This means they have looked up to the blockchain and its achievement but no matter how vigorous and robust they are, the CBDC is never the same as bitcoin blockchain
After all, bitcoin will be widely use by most parts of the world and becoming a trustful asset is its current path
I am quite confused about what exactly OP wants to explain to us...
Don't worry, you're not alone. I'm sure he's as confused as we are.
I am quite confused about what exactly OP wants to explain to us. First of all, you shouldn't compare gold with Bitcoin. It's because both's specifications are fully different from each other. One is a digital currency backed by the community and another is natural assets. Where gold failed, any specific field? Or you are talking only price then still specification is applicable. Natural assets wouldn't be a competitor with digital currency created by a human with modern technology. The real purpose of Bitcoin or crypto is to create a peer-to-peer decentralized electronic cash system.
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