Satoshi's main motive for inventing bitcoin was to have a decentralised currency towards the whole world. Bitcoin can be used all over the world without conversion of money. Besides, there is no government or third party intervention. It works with peer to peer. As a result, people are shifting towards it to do transactions and making profit.
Topic: Bitcoin invention : - page 2. (Read 396 times)
Bitcoin is the invention of modern age. It is mainly used for two purposes- as asset and as currency. It is generated using blockchain technology by a distributed ledger system to make all the transaction fair and transparent.
The invention of bitcoin was undoutedly a revolution to world economy. This was a demand of time to have such a decentralized digital currency. I think the reason of inventing bitcoin was to have a decentralized currency and having a currency which is more user-friendly and gives you a platform to earn profit.
Bitcoin was invented to solve the double-spend problem of internet money and as a side benefit, to start a positive anarchy that would bring great social change to our world.
Finance, like most human inventions, is constantly evolving. In the beginning it was basic:
food was traded for livestock, and livestock for resources like wood, or maize.
It progressed to precious metal, such as silver and gold. And now,
the next step in financial evolution has come to light.
This new form of currency has been constantly evolving over the past decade,
developed by an unknown person and maintained by a collective group of the brightest minds in technology.
It’s a new form of money that is created and held digitally, and the most important part, of course,
is that no government owns it, or decides its value - the peer-to-peer network community does.
We call this new money, ‘Bitcoin’.
food was traded for livestock, and livestock for resources like wood, or maize.
It progressed to precious metal, such as silver and gold. And now,
the next step in financial evolution has come to light.
This new form of currency has been constantly evolving over the past decade,
developed by an unknown person and maintained by a collective group of the brightest minds in technology.
It’s a new form of money that is created and held digitally, and the most important part, of course,
is that no government owns it, or decides its value - the peer-to-peer network community does.
We call this new money, ‘Bitcoin’.
the origin of bitcoin and the beginning of bitcoin and the origin of this investment that creates a place to make money by way of stock investment is from the first person from Japan that is Satoshi Nakamoto was the first person.
Bitcoin invention for what purpose ??
Actually bitcoin is invented to make a change in currency world.And it's created to replace the paper currency and gold.In real world,we are using dollar as a currency and gold as a asset.Bitcoin is used as a currency and asset in some country.But in some country,bitcoin is used as a asset only.
The creator just wanted to create a decentralized Electronic cash system to complete transactions with anonymity. He wanted to change the world and how the banking and finance system in the world works. And we all owe it to him.
Consider WHEN bitcoin was invented, directly after the last financial crash
in 2007/2008. We all suffered at the hands of the banks because we were
and still are to a degree reliant on them.
With bitcoin we can take back control of our finances, there is no need to
trust anyone or any other institution with our finances.
in 2007/2008. We all suffered at the hands of the banks because we were
and still are to a degree reliant on them.
With bitcoin we can take back control of our finances, there is no need to
trust anyone or any other institution with our finances.
The discovery of bitcoin is one of the miracles of the financial world in my opinion, and I think it is the discovery of bitcoin for the purpose of changing the world economy to the order of financial problems.
Absolutely!!Bitcoin is the greatest invention of the millennium *I hope I'm not exaggerating*.
The invention of the bitcoin has given a setback to the majority of the traditional methods and has expanded its growth potential like anything!
It has been a savior for many people including me and many others in the times of financial difficulty.
So the purposes for which bitcoin has been invented are in-numerous and all it has done to mankind is its development. *while here it is worth mentioning that there is a dark side to every great invention and so there is a dark side of bitcoin: the dark net it has created for terrorism funding and other such activities.*
Satoshi wanted to create a payment system that totally relies on trust (decentralized) and therefore would make centralized systems (e.g. central banks) totally useless. A more detailed version, written by the founder himself can be found in the introduction of this paper: https://bitcoin.org/bitcoin.pdf.
That is highly innovative for whoever was behind this outstanding innovation. The decentralized idea is just too classical. Surprising that no bank can monitor your transfer or crediting.
the origin of bitcoin and the beginning of bitcoin and the origin of this investment that creates a place to make money by way of stock investment is from the first person from Japan that is Satoshi Nakamoto was the first person.
Bitcoin invented to evoluate the way of paiement in the net and help people to change their financial status for better
Bitcoin invention for what purpose ??
For me, it's just about making money. as for many who are interested in. if it wasn't so expensive, as no one was interested in them.
the origin of bitcoin and the origin of this investment that creates a place to make money by way of stock investment is from the first person from Japan that is Satoshi Nakamoto was the first person.
i think bitcoin invented because it use yo ease money transferring and other stop, even a joblesw and unemployed is now a trader but different with the fiat because bitcoin is volatile, how ever bitcoin is risky but if you play well its easy to become a millionaire.
Bitcoin was introduced on January 3, 2009 by Satoshi Nakamoto. It has a total limit of 21 million units. Each BTC is divided into 100 million units smaller than satoshi. Bitcoin is the most widely accepted and highest value available to date for nearly $ 95,000.
The beginning of the discovery of Bitcoin became popular because of the group of cryptographers, namely the group engaged in research encryption (cryptography). Satoshi Nakamoto is also active in this group, some report that he is diligent enough to reply to various questions in various forums. So do not be surprised, cryptography is the first major foundation where Bitcoin stands up to crowd like today that many hunted many people. But the inventor of Bitcoin is not yet known clearly. Nakamoto, who at the time along with Wikileaks plans to take advantage of this digital currency to receive donations from various donors, But Nakamoto protested the plan by singing a loud enough voice and angry, the reason that Bitcoin is not ready to receive the treatment.
if I think Bitcoin should be created as an alternative currency that exists today and at the same time will be a substitute for world currencies because the era has entered the digital age.
Money that can not be manipulated and requires no counter-party trust. No one can control the price, supply, distribution. No one can compel you to use it nor keep you from using it. Bitcoin was also invented to be the fastest, cheapest, and most secure system for sending wealth.
It is the best money system invented.
It is the best money system invented.
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