For what was Bitcoin created? - page 13.

groll

sr. member

Activity: 336

Merit: 250

Quote from: Roger Burton on November 09, 2016, 12:38:02 PM

Whatever the reason is, bitcoin has helped many people. I think Satochi maybe created to earn money and he created a new way, people connect each other not only for money but for many others. Maybe the only think he was is to be rich, I don't know but bitcoin has changed many lifes since then.

Yeah there are reasons why bitcoin was created. But the important thing right now are the benefits people get from it. Like the innovative ways of transferring money, paying, earning, and trading as well. The fast and good money transactions are really favorable to us in a way that we don't have to consider any third party in every deal we make such that we don't have to pay some additional payments like we usually do.

Catlonid

full member

Activity: 190

Merit: 100

Quote from: madwica on October 23, 2016, 09:37:18 PM

I think bitcoin was created to help those people who need extra cash for additional fund for our expenses and to have investment which are help us to make more money in the future.

agree with you, bitcoin can make extra fund and don't forget bitcoin is freedom. bitcoin also train to write a good post. bitcoin also train your patience which you must patience if applying joining signature campaign you must wait. bitcoin also train your smart because make a good post must have a smart brain.

serjent05

legendary

Activity: 3010

Merit: 1280

Get $2100 deposit bonuses & 60 FS

Bitcoin is created to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees. The creator Satoshi Nakamoto then created bitcoin which was an electronic payment system based on mathematical proof and at the same time patterned how much gold is mined.

freebutcaged

hero member

Activity: 588

Merit: 541

For a prank and entertaining purposes only eh? first of all if someone wants to know about the fundamental information about bitcoin then should first get to know what it is at all.
It's a currency which no government or centralized authority can decide who can have more and who can have less simply people can decide and be their own banks , freedom baby freedom.

mrcash02

hero member

Activity: 1190

Merit: 525

CryptoTalk.Org - Get Paid for every Post!

Quote from: outatime1 on November 09, 2016, 06:34:41 PM

I think at least part of the reason was to make a method of sending money electronically while being independent of banks and a government. It is also a way to store money without using a bank.

Yes, independently of governments and being anonymous.

In my opinion Bitcoin was made to make our lifes easier. We can pay lowest fees per transaction, different from bank transactions, and earn money easily on the internet by doing simple tasks or working with our skills. Bitcoin was made to make the difference in the world, that was the currency many people were dreaming for.

outatime1

sr. member

Activity: 364

Merit: 254

CryptoTalk.Org - Get Paid for every Post!

I think at least part of the reason was to make a method of sending money electronically while being independent of banks and a government. It is also a way to store money without using a bank.

prabowo96

full member

Activity: 238

Merit: 100

it's showtime

Quote from: densuj on September 25, 2016, 09:58:38 PM

There are many explaining about aim of bitcoin be created, so let me for giving my opinion too at here, the bitcoins be created for making transaction around the world with fast,secure,low fees and it will become money in the future, it is free there are not regulator for bitcoin.

And the principal thing: with no one controling it Wink

Banks are rich because they steal money from costumers.

error08

hero member

Activity: 1036

Merit: 514

Quote from: BitcoinHodler on September 28, 2016, 10:22:49 AM

Quote from: kryptqnick on September 25, 2016, 09:18:43 AM

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?

if Satoshi was looking for money the he would have dumped his coins a long time ago back in the time of $1200 level and then bough back and dumped again and again just like what many other altcoin developers are doing.

Quote

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?

my thought is that you should read the bitcoin white paper.
bitcoin was created to introduce the new form of money that you said yourself too, a public ledger which is decentralized and helps us be our own bank.

I thought that Mr. Nakamoto just sick of world banking system that have enslaved their citizens under the weight of their debts.
Bitcoin give us full control and be ourselves banks, in other words bitcoin is banking without bank, no need to join in bank systems.

xIIImaL

legendary

Activity: 1372

Merit: 1005

Quote from: Roger Burton on November 09, 2016, 12:38:02 PM

Whatever the reason is, bitcoin has helped many people. I think Satochi maybe created to earn money and he created a new way, people connect each other not only for money but for many others. Maybe the only think he was is to be rich, I don't know but bitcoin has changed many lifes since then.

It's a stupid question. It's so simple people need to get updated every things. It's same like that guys. It's a updation for currency evolution. You can similarly compare with robots

Roger Burton

member

Activity: 101

Merit: 10

Whatever the reason is, bitcoin has helped many people. I think Satochi maybe created to earn money and he created a new way, people connect each other not only for money but for many others. Maybe the only think he was is to be rich, I don't know but bitcoin has changed many lifes since then.

thejaytiesto

legendary

Activity: 1358

Merit: 1014

Quote from: stomachgrowls on November 09, 2016, 03:21:06 AM

We dont know the exact reason why satoshi nakamoto created bitcoin but on the bitcoins characteristics speaks to itself why its being created. We could say that saothis might give us freedom to take full control of our money without the involvement of banks and making online transactions more oooooooooofar away better compared to traditional ways.

I think satoshi was a libertarian that wanted to give people an alternative to government's financially issued currencies. He was sick of the establishment. You can sense this because he included a newspaper about the 2008 financial crash in the genesis block:

https://en.bitcoin.it/wiki/Genesis_block

Code:

00000000 01 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 ................
00000010 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 ................
00000020 00 00 00 00 3B A3 ED FD 7A 7B 12 B2 7A C7 2C 3E ....;£íýz{.²zÇ,>
00000030 67 76 8F 61 7F C8 1B C3 88 8A 51 32 3A 9F B8 AA gv.a.È.ÃˆŠQ2:Ÿ¸ª
00000040 4B 1E 5E 4A 29 AB 5F 49 FF FF 00 1D 1D AC 2B 7C K.^J)«_Iÿÿ...¬+|
00000050 01 01 00 00 00 01 00 00 00 00 00 00 00 00 00 00 ................
00000060 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 ................
00000070 00 00 00 00 00 00 FF FF FF FF 4D 04 FF FF 00 1D ......ÿÿÿÿM.ÿÿ..
00000080 01 04 45 54 68 65 20 54 69 6D 65 73 20 30 33 2F ..EThe Times 03/
00000090 4A 61 6E 2F 32 30 30 39 20 43 68 61 6E 63 65 6C Jan/2009 Chancel
000000A0 6C 6F 72 20 6F 6E 20 62 72 69 6E 6B 20 6F 66 20 lor on brink of
000000B0 73 65 63 6F 6E 64 20 62 61 69 6C 6F 75 74 20 66 second bailout f
000000C0 6F 72 20 62 61 6E 6B 73 FF FF FF FF 01 00 F2 05 or banksÿÿÿÿ..ò.
000000D0 2A 01 00 00 00 43 41 04 67 8A FD B0 FE 55 48 27 *....CA.gŠý°þUH'
000000E0 19 67 F1 A6 71 30 B7 10 5C D6 A8 28 E0 39 09 A6 .gñ¦q0·.\Ö¨(à9.¦
000000F0 79 62 E0 EA 1F 61 DE B6 49 F6 BC 3F 4C EF 38 C4 ybàê.aÞ¶Iö¼?Lï8Ä
00000100 F3 55 04 E5 1E C1 12 DE 5C 38 4D F7 BA 0B 8D 57 óU.å.Á.Þ\8M÷º..W
00000110 8A 4C 70 2B 6B F1 1D 5F AC 00 00 00 00 ŠLp+kñ._¬....

That was a beautiful touch by satoshi.

stomachgrowls

hero member

Activity: 3010

Merit: 794

We dont know the exact reason why satoshi nakamoto created bitcoin but on the bitcoins characteristics speaks to itself why its being created. We could say that saothis might give us freedom to take full control of our money without the involvement of banks and making online transactions more oooooooooofar away better compared to traditional ways.

icecube45

legendary

Activity: 1218

Merit: 1000

Bitcoin is a virtual currency used without intermediaries, so no bank as an intermediary. And bitcoin not incur a huge cost, so there are no pieces that will drain. Bitcoin is made to follow the development of the era. In today's digital era bitcoin made to follow these developments.

sonnyacg

member

Activity: 84

Merit: 10

I think that bitcoin is created in response to the weakness of cash and credit cards. If you tell the credit card fraud and the cash has been used for illegal kegiaan possible. Excess bitcoin compared with a credit card is the protection seller. Buyers can not do a charge back. After bitcoin is sent to the recipient can not be withdrawn or derail the transaction. Bitcoin has become a phenomenon of technological progress payments. Bitcoin is designed not for a criminal offense or a violation of law. bitcoin otherwise very protective of its users because the transactions that occur are recorded and can be accessed by the public on the "Chain Block (Blockchain)".

mlbs

member

Activity: 70

Merit: 10

I agree most of the posts here. I believe that the creation of bitcoin is somewhat more focused on giving back to the people to control money without any government who interferes. Without any taxes being imposed upon by the authories (well aside to those countries who really made its own regulations in using bitcoins. And most importantly, the creation of bitcoin made a lot of transactions fast and easy.

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

It was created as a disruptive technology mainly in order for everyone to be able to take more control and charge of their lives. This can mainly be done through financial liberation, not only political, but Bitcoin makes both a technological and political statement as well, saying we are FREE.

marleybobthedog

full member

Activity: 210

Merit: 100

Yes exactly he had created bitcoin bout to make profit but top make transaction and payment over the internet without any barriers like government taxes , time limit, amount limit. So to surpass all these he had gifted the technology to us.

delliaerd

hero member

Activity: 672

Merit: 500

Quote from: JeffBrad12 on October 23, 2016, 10:00:39 PM

Quote from: th3nolo on October 23, 2016, 05:50:17 PM

It was created to prevent third parties to use your money, if we look a little history about bitcoin. those were the initial ideals of Satoshi Nakamoto Roll Eyes

.

I guess, bitcoin are made for the easiest way the people making a transaction in the digital currencies and i never think if there another purpose from that the bitcoin is made for. but for avoid the centralized system i thought can be a strong important too.

Yes That correct answer, I agree with that. bitcoin is created to be a currency that can avoid centralization to be decentralitation. But in the way of bitcoin, it was to be an investment too. also It was the best way to avoid goverment rule. the Anothe benefits of using bitcoin is we do not need to pay tax of it. bitcoin is wonderfull thing, bitcoin was increase its value. so bitcoin was created to be virtual currency that make transaction more simplier and practicaly. then it was turned to something amazing thing that very very usefull.

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: th3nolo on October 23, 2016, 05:50:17 PM

It was created to prevent third parties to use your money, if we look a little history about bitcoin. those were the initial ideals of Satoshi Nakamoto Roll Eyes

.

I guess, bitcoin are made for the easiest way the people making a transaction in the digital currencies and i never think if there another purpose from that the bitcoin is made for. but for avoid the centralized system i thought can be a strong important too.

bamboylee

hero member

Activity: 1148

Merit: 504

Quote from: kryptqnick on September 25, 2016, 09:18:43 AM

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 this question can be answered by reading the white paper https://bitcoin.org/bitcoin.pdf .

I think earning a lot of money from bitcoin is just a side effect of his creation. Anyway you can earn from any currency, even the scam ones. The most important part of bitcoin is having a payment system that works on a trustless network and does not need any third party.

Topic: For what was Bitcoin created? - page 13. (Read 17008 times)