Topic: Btc and crypto was created for reason - page 4. (Read 865 times)

As educational material to enrich our understanding and as repetition material for those of us who have already read it, this white paper might be able to help:

https://bitcoin.org/bitcoin.pdf

I think it could be good reading material, to find out the original purpose of Bitcoin creation.

BlackRock didn't create cryptocurrency or Bitcoin. BlackRock is simply trying to make money from what appears to be a a new asset class, an increasingly popular store of value. BlackRock doesn't even agree that Bitcoin is a currency.

Secondly, it's wrong to assume that cryptocurrency "will protect us against all those issues." As a matter of fact, there are also issues that hound Bitcoin for quite a while that remains valid up to this day.

Finally, Trump isn't the president yet. He may not have his second chance at the highest post of the land. But what's true is that when he had the opportunity, he wasn't rooting for Bitcoin. Although he has since changed his tune, he's simply trying to court some votes. He may not walk the talk when he's already the president.

The purpose bitcoin was created has been mentioned several times and it has also paved way to explain more in detail the purpose of its invention. The ones that are against it are self entitled and don’t want anything that will annul their means of earning to be tempered with, I mean they prefer to be centralized instead of decentralized since they are the ones in power. You can’t see an ordinary man who has no power within him go against the innovation of bitcoin, but the elites in the government are always against it because of what they stand to get and bitcoin will only not support that if it’s been embraced.

 If we all agree to be transparent and really want to practice the so called democracy, bitcoin been embraced will only make things more easier and transparent for everyone to know those that are with the right path or the wrong path because of how every transaction can be traced if found wanting, especially those linked to an exchange address. After all, the government can always find a way to sweet talk everything and make the unwise wants to dislike bitcoin and its innovation, it’s not something surprising that we are still here after the mass adoption of bitcoin. Bitcoin is for the purpose of decentralization but as it is now, if government will embrace it, they’ll have to temper with it and not get it all decentralized as it should be.

There are different networks inside crypto environment. Which one are you referring to? Also, it's not easy to predict the future regards cryptocurrencies, because as we can see they are very volatile. Personally, I expect Bitcoin to help me to deal with the challenges and threats imposed by the traditional financial system ruled by governments and monopolies.

It's not a good idea to put your hopes regards the future of cryptocurrencies on a politician. It's due to people hoping great things from politicians that we have reached the current miserable moral, social and financial situation we face today worldwide.

Why would Blackrock create a decentralized currency like Bitcoin? It's more reasonable to think they are just taking advantage of Bitcoin right now, because it's unstoppable. If they can't destroy or ignore it, they prefer joining it for personal gains...

Everything on earth was created for a reason bro, and you can make your choice for the reason that particular thing was created in the world because there are some people who will follow the beauty of the thing, while some will follow what they are going to achieve from the thing in the future, crypto and bitcoin was created for a good reason but banks are trying to deceive many people not to enjoy the purpose crypto and bitcoin was created in the world, because they feel it will going to reduce their customers to zero level which is not true, crypto and bitcoin was created by Satoshi to eliminate poor transactions and improve employments in those countries that make crypto and bitcoin legal.

I don't want to be part of such conspiracy theories because as long as there is no valid evidence, it is clear that such theories will only be a condiment that is eventually dismissed as an afterthought .
We still believe that bitcoin was created as a form of unrest and economic control so that there is no interference from others bcause bitcoin has a decentralized nature so that we can do anything without having to interfere with the government or other people as a 3rd party .

In addition, we also still believe that Satoshi is created bitcoin because of some valid evidence and data that has been clear since the beginning so that when mentioning other people such as banks or whatever it is that created bitcoin without concrete evidence then surely this is a wild theory that leads to conspiracy in it . Indeed there is a reason behind the creation of bitcoin and the reason is as i said before but when talking about a different situation let alone linking it to a conspiracy or whatever it is i seem too lazy to think about it because as long as bitcoin provides benefits for me then I will still be there .

My personal theory is that Satoshi Nakamoto is not a single guy, rather a group of geniuses working under the same name.

They created Bitcoin to use it later on to build a utopia for genius people like them, a utopia where people with +150 IQ like them will live safely and they will never worry about money.

If you search for the early adopters and investors in Crypto, you're going to notice that they either bought it as a joke or they were geniuses in math and computers. Vitalik is just an example of this.

And the whole BlackRock and NWO and WEF relation with Crypto is not true at all. In fact, those people tried their best to stop Bitcoin and any P2P method that doesn't require a third party. They went into Crypto later on because they simply want money and Crypto is way safer than the Stock market. In the stock market, your shares can go worthless if the company goes bankrupt, but that's not the case with Bitcoin and Crypto as it will always be worth something.

And yes, using Crypto to ensure the safety of your money is a good move.

It seems you are mistaken and have completely forgotten the first originator of Bitcoin, namely Satoshi Nakamoto. So you seem really blind about who created Bitcoin, so you start calling other names that they themselves may not even know about Bitcoin when it was 2008 and now I would advise you to read who actually created Bitcoin on the internet.

Try to find out as much as possible and read clearly so you don't get lost as to who created Bitcoin all this time because you have said things that are not true. Even though the names you mentioned are people who already like Bitcoin at the moment and also already have more Bitcoin at the moment, you still seem to need more education about Bitcoin.

Bitcoin was created for some reasons, but not exactly for all the reasons that you have mentioned, @OP The reasons bitcoin was created are obvious, and it is primarily as a payment system.

This is not a completely true statement; bitcoin is not a happy pill. When there is a crisis, everyone has a fair share of the experience. You will still have some worry about your investment in bitcoins because something can still happen to it or even to you.

1.What do you mean by "crypto"? OK, Bitcoin is crypto, but "crypto" can mean many things. Centralized shitcoins/memecoins are also crypto.
NFTs are considered crypto as well. If you wanna talk about Bitcoin, just talk about Bitcoin, don't talk about crypto in general.
2.Crypto cannot protect you from the threats you have mentioned. Only you can protect yourself, by using cold wallets, keeping passwords and see phrases safe and never trusting centralized service providers.
3.Power outages can be a problem. You can't access your cold wallet, if you don't have electricity.

Your comment says a lot about your rank in the forum and your ranks in the world of cryptocurrency even outside the forum. Where did you see the news that confirmed that this people are the ones that created bitcoin? Bitcoin founder is known by everyone but still remains a mystery to know how he is or how he actually looks like. Stop spreading fake information that has no legitimacy or good purpose. If you don’t know the founder, it is better you don’t assume so that you don’t translate to person sharing fake news around in and off forum.


No one wishes for war and for those that engage in such still use bitcoin to deliver money to war zones because funds are very important during wars. Bitcoin is to be used as alternative to the traditional fiat currency and will always serve its purpose when the need arise. Bitcoin is just an alternative to the fiat currency and should not be seen as a tool to fund what is not wanted in the society.

I don't think I agree with you on this, mate. If all these problems arise at once, it will affect the crypto market. How do you mean the government is not working? 


Is that the new rumor now? Well, I don't believe it anyway. If you have solid evidence to back that up, you can add more facts. 

When there's great turmoil (like a world disaster or pandemic), it will affect the market. Although Bitcoin will survive after then, but I am not sure that when the price of Bitcoin is down due to some bad event (a crisis), any investor would want to sell. 

Which means that the way you are thinking that Bitcoin (and other crypto) investors would be happy about their investment during crises, it might not really happen like that because the prices of cryptos, including Bitcoin, will be down and no investor will be happy to sell their coin cheap. 

As far as we I know, Bitcoin was created by Satoshi Nakomoto and since it's creation, I have not heard of his affiliation with banks either as banker or anything close to that. If anyone out there is bringing up claims about him being a banker then that will be regarded as a rumor which cannot hold water. I view such kinds of claims as false information coming from the narcissists who are against the development and widespread use of the bitcoin technology or decentralized system at large.

Although there's still a little of gap in the history of Satoshi but I'm sure that's for the good of the technology since there's gonna be a lot of attack on the survival of the technology by the government and the big men in the centralized financial system.

The reason why crypto is mostly valuable during war is you can transact any place without the need to go bank, and of course during war banks are being short down and you can't access your funds during war so the only alternative is through cryptocurrency provided you have internet access and have mobile phone makes it more easier to transacts without having to seek permission from third party.

Why will you said so? These people have no any connection with bitcoin at all, they are only some individuals trying to get control of bitcoin just as they do control centralized systems like banks and others.

The main reason for creation of bitcoin is to give us financial freedom; no more third party and no more control over our wealth by any individual or company. With Bitcoin, you will be your own bank and you will earn profit if you hold for long.

That's just bullshit! I get that some folks believe in conspiracy theories about Bitcoin being created by secret banker groups and whatnot.  But where's the actual proof? Seems like wild speculation without evidence to me. 
Think about it - why would major financial institutions design a system that directly challenges their own control over money?  That wouldnt make sense.

Yes, you can invest in BTC to make a profit - nothing wrong with that.  But don't act like you got insider knowledge if you're just repeating rumors and wild speculations.  Spreading misinformation helps no one.

Bitcoin created by the bankers they know that old system cant last longer so after btc maybe after 50 years they will have new system
But world Will be forced into btc it's a matter surviving If many countries fiat currency will be done they need asap some currency to use so btc will be first option.
Bitcoin was created by USA bankers jp morgan and blackrock together with sec and trump team that's not secret but who cares who created btc we are here for profit and wealth ....i don't care who bring money to me if it's trump or jp blackrock If they want to feed me let them do it i'll take their money no problem.

The reason was anger, anger about high fees and impossible rules by banks in the far east.
Bitcoin itself with its fees, is close to copy the banks behavior back from those times.

We see btc and crypto was created for reason.
So crypto is strong network and very reliable we can predict future easy because crypto Will protect us against all those issues.

Banks falling,cyber attacks, goverments not working,powrr outages, fiat currency value problems, liquity problems, goverment wealth confiscation and restrictions , hacking and stealing scams and data centers over heating of stress of Traffic volumes,not single ledger to approve and validate transactions but different system and issues to working together, high cost of trust system instead of proof.
Also the social untest riots and people lose trust in everything so crypto will be only clean shirt left to hold your wealth because people Will be fearful and not trust goverment anymore.
So usa is way ahead of other countries the trump all ready make crypto great ....it's sad story for UK and eu and others and for canada they don't have leaders who admit that crypto is only way to go

So in times of Crisis the crypto works and while others suffering those who got crypto they smile
no Wonder why blackrock created cryptocurrency and btc.