Topic: For what was Bitcoin created? - page 10. (Read 17008 times)
It was probably created for online peer to peer transactions which would reduce the burden and barriers set by government of various countries. This enabling super fast transaction without and barriers and user have full control over his money and no one could alter the system untill and unless the whole system get interrupted
Bitcoin is created to be a currency, currency that people will use and that will be transparent. Bitcoin is made to have no centralized control, to be something that people from all the world will work for. For me that is maybe most important part, bitcoin can give people another choice from fiat.
Exactly like that, bitcoin can be revolution of payment system, and maybe this is why bitcoin is created to bring so needed changes in this world.
revolution of payment system
Exactly like that, bitcoin can be revolution of payment system, and maybe this is why bitcoin is created to bring so needed changes in this world.
Bitcoin was created for got profit and changr internet payment method like paypal, web money and more.
If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it.
For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new?
Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example?
What are your thoughts on the topic?
For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new?
Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example?
What are your thoughts on the topic?
Not aware of his exact thoughts but as a prediction, maybe he thought of making something new, which would be a monetary system without any central control and it stays independent, ofcourse while creating it he would not have thought that it will get this much success but it did.
The bigger problem with fiat is the banks, every transaction passes by hands of banks, they are slow, they have taxes, they don't offer anonymity to you and they are holding your money and you can't trust this because we never know the day of tomorrow. But I see a lot of people here using exchanges as a wallet and in this way we end in the same problem.
Yes, bitcoin might have created just to break the traditional system of banking. They are surviving by sucking people's hard work. By giving the banking facility and functionality within people bitcoin is definitely helping to create new financial system in our life. The financial freedom must be the prime reason why bitcoin was created.Satoshi wanted people to have a way to save their wealth from financial crisis and also a way to make transactions outside of the radar of the government once they delete physical cash. He gave people a way to make themselves free from the big brother society that we are headed at.
The bigger problem with fiat is the banks, every transaction passes by hands of banks, they are slow, they have taxes, they don't offer anonymity to you and they are holding your money and you can't trust this because we never know the day of tomorrow. But I see a lot of people here using exchanges as a wallet and in this way we end in the same problem.
Yes, bitcoin might have created just to break the traditional system of banking. They are surviving by sucking people's hard work. By giving the banking facility and functionality within people bitcoin is definitely helping to create new financial system in our life. The financial freedom must be the prime reason why bitcoin was created. revolution of payment system
Yes, the main reason that bitcoin is so popular is because there were flaws in traditional payment system in fiat currency. Bitcoin emerged with the aid to deal with the obstacles of fiat payment system. Although bitcoin is popular now, we shouldn’t forget that we are still in the beginning and yet to reach new milestones as far as global fund transfer industry is concerned. The prime cause for bitcoin is revolution of payment system that was not possible in fiat.
The bigger problem with fiat is the banks, every transaction passes by hands of banks, they are slow, they have taxes, they don't offer anonymity to you and they are holding your money and you can't trust this because we never know the day of tomorrow. But I see a lot of people here using exchanges as a wallet and in this way we end in the same problem.
Well said, the bank as an intermediary takes a time to confirm the transaction and since bitcoin has one to one transaction system, there is no such issue of the time if sufficient fees are paid along with the transaction.
However, I think banks should allow bitcoin because that will bring more people on the bitcoin board and it will give a boost to the bitcoin user’s community and it might take a comparatively long time to do it on our strength. I believe freedom is supreme but I also think institutions like banks would help those who can’t use bitcoin technology.
revolution of payment system
Yes, the main reason that bitcoin is so popular is because there were flaws in traditional payment system in fiat currency. Bitcoin emerged with the aid to deal with the obstacles of fiat payment system. Although bitcoin is popular now, we shouldn’t forget that we are still in the beginning and yet to reach new milestones as far as global fund transfer industry is concerned. The prime cause for bitcoin is revolution of payment system that was not possible in fiat.
The bigger problem with fiat is the banks, every transaction passes by hands of banks, they are slow, they have taxes, they don't offer anonymity to you and they are holding your money and you can't trust this because we never know the day of tomorrow. But I see a lot of people here using exchanges as a wallet and in this way we end in the same problem.
revolution of payment system
Yes, the main reason that bitcoin is so popular is because there were flaws in traditional payment system in fiat currency. Bitcoin emerged with the aid to deal with the obstacles of fiat payment system. Although bitcoin is popular now, we shouldn’t forget that we are still in the beginning and yet to reach new milestones as far as global fund transfer industry is concerned. The prime cause for bitcoin is revolution of payment system that was not possible in fiat.
Actually bitcoin is one of many products of block chain technology and is not just a currency but an invention for making the money for the people and take the power from governments in printing money.
Bitcoin was there to grab only someone invented it.
You are talking about bitcoin as if it was a natural resource someone just grabbed form the floor and took advantage of it, this is not the case Satoshi must have spent innumerable hours thinking about how to make bitcoin work. Bitcoin was there to grab only someone invented it.
Bitcoin was mainly created to save people from banks and governments,to make them financially independent.Banks and governments tried a lot to destroy Bitcoins, but couldnot and Bitcoin has survived and is acheiving the objectives for what it was created.
Even if you're want to say the bank will destructing bitcoin, I guess you're need typewriting about the Google URL before and trying for finding some scientific article or news about that. It's not simple like you said all of the level, politic, economy, society entirely. All degree in the community. 
It's been as a token for storing values, which eventually changed and got into a transaction medium for the high stored values. Now it has got revolutionized to be a investment, digital asset, digital currency with unique features and accessibility.
If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it.
For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new?
Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example?
What are your thoughts on the topic?
It was created to do an independent digital currency and makes transaction online easier. It was used because it is more secured,widespread, and very cosistent in the market. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new?
Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example?
What are your thoughts on the topic?
In my opinion, Satoshi creates Bitcoin to stand as a opportunity to those people who want to earn money by just sitting in front of their computer all day. In Bitcoin there are a lot of ways to earn money and that is one of the advantage of Bitcoin. Satoshi created Bitcoin to help other people to earn money without requiring various skills because you can still earn bitcoin even though you are not good in trading because there are still different ways to earn bitcoin 
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.This awnsers shock me, how the creation of bitcoin can be relacioned to sitting in front a pc all day to earn money?
There's a lot of ways to earn fiat with the same thing, like freelancer sites and things like that.
In my opinion, Satoshi creates Bitcoin to stand as a opportunity to those people who want to earn money by just sitting in front of their computer all day. In Bitcoin there are a lot of ways to earn money and that is one of the advantage of Bitcoin. Satoshi created Bitcoin to help other people to earn money without requiring various skills because you can still earn bitcoin even though you are not good in trading because there are still different ways to earn bitcoin .
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Well for me bitcoin was created because they seen that there is no currency online are anonymous and there is no currency that we can use from gambling online.. so he was created bitcoin in order to have a freedom no government involve..
Everyone says it is not supported by gold or such, but indirectly it actually is supported by gold and such. The money we purchase bitcoin with is supported by gold and this is just another form of currency, even if the government does not consider it currency, it can be traded for currency, so it is just as good.
Bitcoin was mainly created to save people from banks and governments,to make them financially independent.Banks and governments tried a lot to destroy Bitcoins, but couldnot and Bitcoin has survived and is acheiving the objectives for what it was created.
Actually bitcoin is one of many products of block chain technology and is not just a currency but an invention for making the money for the people and take the power from governments in printing money.
Bitcoin was there to grab only someone invented it.
I think they are created bitcoin for anonymous transaction purposes without government involve so and they are keep this bitcoin to have a value until more people knows it.. and now more stores and more people knows bitcoin and more investors are come.. Bitcoin was there to grab only someone invented it.
Actually bitcoin is one of many products of block chain technology and is not just a currency but an invention for making the money for the people and take the power from governments in printing money.
Bitcoin was there to grab only someone invented it.
Bitcoin was there to grab only someone invented it.
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