Topic: For what was Bitcoin created? - page 11. (Read 17008 times)
revolution of payment system
I believe that Nakamoto had created bitcoin to show to the world that thats possible we have a decentralized currencie and that the market, community will give value, besides that, looks like he saw the waste that are being made with transaction fees, and he made an amazing system of transactions with low cost, saving milions.
It has been created to 'revolutionize' the other currencies around the world. Bitcoin is almost completely anonymous (there are ways you can go for to find the wallet owners), and has an interesting way of earning it: the whole mining thing. It's the first currency to have this idea and it's awesome. I am wondering where will all this stop at.
agree with you. its like revelutionize
It has been created to 'revolutionize' the other currencies around the world. Bitcoin is almost completely anonymous (there are ways you can go for to find the wallet owners), and has an interesting way of earning it: the whole mining thing. It's the first currency to have this idea and it's awesome. I am wondering where will all this stop at.
I always felt that we started new revolution with bitcoin.
Until now, many average people struggled financially because of the banks and the government.
Bitcoin really changed everything for the better.
We, average guys, finally can get rid from the banks, achieve financial freedom, become rich, quit our regular jobs etc.
Bitcoin also bring revolution in payments, security and many other areas around us.
It's great to be part of the real revolution
Until now, many average people struggled financially because of the banks and the government.
Bitcoin really changed everything for the better.
We, average guys, finally can get rid from the banks, achieve financial freedom, become rich, quit our regular jobs etc.
Bitcoin also bring revolution in payments, security and many other areas around us.
It's great to be part of the real revolution
I think that people here are more worried why all those altcoins are created every day rather than asking for bitcoin.
Bitcoin is a new innvoation and it's made to have a freedom of our money and making transactions less costly.
All altcoins are copy cats of bitcoin and the fact there are now too many of them, is an indication that bitcoin is such a success,nobody copies or bother to identify with failure. I think Satoshi drive in creating bitcoin wasn't essentially for profit making, but that to have effective peer to peer transaction devoured of any interference. As people began to test this invention, they realized it is an answer to so many financial issues we are have been helpless about and that's what triggered the profit and copy cats. Bitcoin is a new innvoation and it's made to have a freedom of our money and making transactions less costly.
Acording to satoshis statemant, we can understand why he created bitcoin???
"I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party."
It's clearly that bitcoin was created to be a decentralized currency, so no one or any instution controll it, i strongly believe he just want to a freedom.
"I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party."
It's clearly that bitcoin was created to be a decentralized currency, so no one or any instution controll it, i strongly believe he just want to a freedom.
Its a total freedom especially to those institutions or businesses that do impose huge fees regarding on money transfers. Bitcoin is a successful invention of satoshi and he achieve his ambitions regarding to this project which people do really benefit from it not only on money transfer but also on earning money.
Acording to satoshis statemant, we can understand why he created bitcoin???
"I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party."
It's clearly that bitcoin was created to be a decentralized currency, so no one or any instution controll it, i strongly believe he just want to a freedom.
"I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party."
It's clearly that bitcoin was created to be a decentralized currency, so no one or any instution controll it, i strongly believe he just want to a freedom.
As far as I know, bitcoin was mainly created for decentralisation of money, so people can control their own bitcoin without any interfere from government.
Also bitcoin can be an alternate form of money especially for digital currency.
He might have thought to create digital currency where everything can be done online. He might have thought to bring a big change in usage of currency and thought this would influence the market and BTC can become a steady currency to be used worldwide. Though it had lot struggles in the beginning, it has become a main currency with huge value. Also bitcoin can be an alternate form of money especially for digital currency.
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?
I think bitcoin is created to be currency. But in the journey bitcoin become good investment too. 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?
Satoshi did not expect Bitcoin to become this popular and he most probably wanted Bitcoin to be a virtual currency to be used for micro transactions online instead of in actual stores. Satoshi most probably wanted to offer an alternate currency that has a fixed market capital and is trustless, with all the bank bailouts.
Maybe and did not expect that it will reach more than $19 Billion market capitalization. But maybe the possibilities are already in his mind when he created bitcoin. Bicoin is something that he can be proud of, it changes lives of many people.
Satoshi did not expect Bitcoin to become this popular and he most probably wanted Bitcoin to be a virtual currency to be used for micro transactions online instead of in actual stores. Satoshi most probably wanted to offer an alternate currency that has a fixed market capital and is trustless, with all the bank bailouts.
Maybe and did not expect that it will reach more than $19 Billion market capitalization. But maybe the possibilities are already in his mind when he created bitcoin. Bicoin is something that he can be proud of, it changes lives of many people.
Yup, who wouldn't be proud if his creation can be beneficial to everyone and give the owner a very big advantage ..? / . all people will definitely feel something very good, however I think satoshi will not disclose ', for if that is done then there will be the possibility that bitcoin will switch to digital in the currency paid. so it will be something like paypal. the most important for me is bitcoin still gives an advantage to me
Satoshi did not expect Bitcoin to become this popular and he most probably wanted Bitcoin to be a virtual currency to be used for micro transactions online instead of in actual stores. Satoshi most probably wanted to offer an alternate currency that has a fixed market capital and is trustless, with all the bank bailouts.
Maybe and did not expect that it will reach more than $19 Billion market capitalization. But maybe the possibilities are already in his mind when he created bitcoin. Bicoin is something that he can be proud of, it changes lives of many people.
As far as I know, bitcoin was mainly created for decentralisation of money, so people can control their own bitcoin without any interfere from government.
Also bitcoin can be an alternate form of money especially for digital currency.
Also bitcoin can be an alternate form of money especially for digital currency.
Satoshi did not expect Bitcoin to become this popular and he most probably wanted Bitcoin to be a virtual currency to be used for micro transactions online instead of in actual stores.
No one usually wants their inventions to stay within small circle so even Satoshi would have explained the purposes of bitcoin for focusing micro transactions, his inner thoughts must have imagined about transactions involving trillion dollars.Satoshi most probably wanted to offer an alternate currency that has a fixed market capital and is trustless, with all the bank bailouts.
Independent currency to get rid off PayPal type of most problematic processors, yes breaking the dominance of PayPal must be one the objective of bitcoin when we consider online usage. 
Satoshi did not expect Bitcoin to become this popular and he most probably wanted Bitcoin to be a virtual currency to be used for micro transactions online instead of in actual stores. Satoshi most probably wanted to offer an alternate currency that has a fixed market capital and is trustless, with all the bank bailouts.
Try to read the whitepaper https://bitcoin.org/bitcoin.pdf
I think everyone start to use the cryptocurrency but none read the basic.
I think everyone start to use the cryptocurrency but none read the basic.
Generally it was developed by Satoshi for the purpose of eradication of unnecessary verification and to overcome various barriers set by central government. Also to transact money to other countries it's a head ache for some user so bitcoin would serve that purpose. But why actually is happening is that people are using it like gold to make profit and buy and selling goods with bitcoin is very less
Anything that has value will end up being traded, the fact that bitcoin is being treated the same as gold should tell to any of us how valuable is bitcoin for people of the world. I really don't know if what is behind why bitcoin was created but i think they are creating it as alternative currency and use for trading purposes you know forex before maybe because of other exchange site.. and now bitcoin has a value and some clone or altcoin made and release new trading sites until the value of bitcoin is high. until more adoption will come with bitcoin and more merchant are accepting bitcoin..
Your comment makes absolutely no sense, the reason why Bitcoin was created can be read in the original whitepaper. And it's not just for trading purposes or whatever you are trying to say..
There's a lot of no sense comments here and that's why bitcoin comunity don't grow.
Can you imagine those guys explaining what's bitcoin to others people?
I think BTC Devs haven't expect such profit turn of event. Initially it was implemented just for fun.
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