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Topic: For what was Bitcoin created? - page 15. (Read 17008 times)

legendary
Activity: 3472
Merit: 10611
October 16, 2016, 11:47:37 PM
each user has their own view why bitcoin was created, other one sees bitcoin as a currency, investment, it all depends on what they think at least that's what we know benefit from bitcoin

other ways, like investment and ... are the ways people use bitcoin it is not the reason bitcoin was created. satoshi was not looking for making an investment opportunity when he created bitcoin. it was created as a currency first, a way to transfer money peer to peer without the need of a third party like a bank.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
October 16, 2016, 11:31:06 PM
Bitcoin is money and money are created for the purpose of spend them. You can buy something using bitcoin and this is great.

Well that is given and bitcoin was created for our own use and that is going to make us more comfortable and convenient for using it. And it is created for all of us because who are the ones that will use bitcoin but no other than us, the people. So bitcoin was created for us and to be able to spend that for anything we want to use.
hero member
Activity: 1106
Merit: 521
October 16, 2016, 03:59:11 PM
#99
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?

The white paper that satoshi wrote gives the reason that it was created just read it here ]lhttps://bitcoin.org/bitcoin.pdf]
also satoshi would not have known at the time that it would ever be successful so it wasnt to make money.  Gold also is backed by nothing and is only valuable because people accept it and believe in it.
newbie
Activity: 28
Merit: 0
October 16, 2016, 02:59:50 PM
#98
Bitcoin is money and money are created for the purpose of spend them. You can buy something using bitcoin and this is great.
hero member
Activity: 518
Merit: 500
October 16, 2016, 02:02:50 PM
#97
each user has their own view why bitcoin was created, other one sees bitcoin as a currency, investment, it all depends on what they think at least that's what we know benefit from bitcoin
full member
Activity: 193
Merit: 100
October 16, 2016, 01:08:37 PM
#96
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  Nakamoto created bitcoin for a good purpose to the people as you can see now bitcoin is very fast to transfer in another wallet. So i think he created bitcoin to easy tranfer money using bitcoin. Nakamoto have an great idea to created a crypto currency that we can convert it in real money.
This could have been created to have an independent currency without banking system and the control of government. The other goal would have been to see all experience profits. There was a big struggle in introducing this at the beginning. As we all know, BTC did not have any value when it was introduced. Soon later, its values kept flying and kept an example for banks and governments that it can replace banking systems.
newbie
Activity: 28
Merit: 0
October 16, 2016, 12:55:38 PM
#95
Bitcoin is something useful. I believe it was created for the use of the people. Anonymous fast transactions without taxes, the Government cannot control BTC. This is why it was created.
hero member
Activity: 910
Merit: 507
October 16, 2016, 12:40:01 PM
#94
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  Nakamoto created bitcoin for a good purpose to the people as you can see now bitcoin is very fast to transfer in another wallet. So i think he created bitcoin to easy tranfer money using bitcoin. Nakamoto have an great idea to created a crypto currency that we can convert it in real money.
legendary
Activity: 2058
Merit: 1030
I'm looking for free spin.
October 16, 2016, 11:56:50 AM
#93
Bitcoin was created just to get rid of PayPal, not joking really this must be one of the reason as PayPal had ruined many good businesses.
Having a trouble free currency system must be one of the inevitable demand of our modern life. Mr. Satoshi found a solution for that in the name of bitcoins.
I don't think that his exact idea was to stop Paypal specifically.
Besides, Paypal is just a symptom of the centralized banking industry as a whole, to which Bitcoin provides an alternative.

I don't think it against Paypal. Paypal just a tool for people to pay something without exposing his CC detail to certain website. Paypal give extra security (and it also a downside) by can reserve unauthorized transaction.
I think its not against paypal bitcoin is just alternative and bitcoin make easy. than paypal.. besides paypal is more secured than bitcoin. and yeah paypal still good in cc to hide your real identity..
sr. member
Activity: 251
Merit: 250
October 16, 2016, 11:47:04 AM
#92
Bitcoin was created just to get rid of PayPal, not joking really this must be one of the reason as PayPal had ruined many good businesses.
Having a trouble free currency system must be one of the inevitable demand of our modern life. Mr. Satoshi found a solution for that in the name of bitcoins.
I don't think that his exact idea was to stop Paypal specifically.
Besides, Paypal is just a symptom of the centralized banking industry as a whole, to which Bitcoin provides an alternative.

I don't think it against Paypal. Paypal just a tool for people to pay something without exposing his CC detail to certain website. Paypal give extra security (and it also a downside) by can reserve unauthorized transaction.
legendary
Activity: 1792
Merit: 1283
September 30, 2016, 09:52:05 AM
#91
Bitcoin was created just to get rid of PayPal, not joking really this must be one of the reason as PayPal had ruined many good businesses.
Having a trouble free currency system must be one of the inevitable demand of our modern life. Mr. Satoshi found a solution for that in the name of bitcoins.
I don't think that his exact idea was to stop Paypal specifically.
Besides, Paypal is just a symptom of the centralized banking industry as a whole, to which Bitcoin provides an alternative.
hero member
Activity: 770
Merit: 500
September 30, 2016, 09:50:28 AM
#90
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 the new world oders, i guess. Bitcoin has affected strongly to the economics. And there is no doubt that bitcoin are getting more and more popular. People nowaday are get use to bitcoin. In my opinion, bitcoin will be the only currency in the world
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
September 30, 2016, 09:48:55 AM
#89
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.
Agree! Bitcoin's purpose is not only earning extra money but also for the freedom we have. To share some ideas to someone and even to broaden our knowledge about it. Through bitcoin we can get different information especially in the forums. And also holding and making transactions for it.


Why dont people think just like this. It is hard to get freedom now and bitcoin is offering one yet they want to mess with ot or use it as a means of income for their greed. Why not just use it as it was said to be used.
hero member
Activity: 959
Merit: 500
September 30, 2016, 09:45:17 AM
#88
Bitcoin was created as a way to send money. For everyone.
Bitcoin won't deny you a wallet just because you do not earn enough.
What you do with your wallet is your business, and yours alone.
All you need is some kind of computer and an internet connection.
And those two things are available nearly everywhere in the world these days.
hero member
Activity: 1148
Merit: 528
September 30, 2016, 09:36:59 AM
#87
Bitcoin was created just to get rid of PayPal, not joking really this must be one of the reason as PayPal had ruined many good businesses.
Having a trouble free currency system must be one of the inevitable demand of our modern life. Mr. Satoshi found a solution for that in the name of bitcoins.
sr. member
Activity: 336
Merit: 250
September 30, 2016, 08:39:28 AM
#86
I think everything you said was correct.  And in addition maybe his goal was to stop the poverty or help the poor people by having a thing like bitcoin.  We know bitcoin can do alot like everything that a fiat currency can do.  Maybe he wanted people who were just an ordinary people experienced the thing like investing, trading, and earning.  And the fact that you can earn without a tax.  You can transfer and receive money without or with a little fee.  Something that ordinary people may enjoy.  Maybe it was a HELP for us.
member
Activity: 112
Merit: 10
September 30, 2016, 08:34:58 AM
#85
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.
Agree! Bitcoin's purpose is not only earning extra money but also for the freedom we have. To share some ideas to someone and even to broaden our knowledge about it. Through bitcoin we can get different information especially in the forums. And also holding and making transactions for it.
hero member
Activity: 658
Merit: 505
September 30, 2016, 08:26:01 AM
#84
Bitcoin was created to avoid centralized, monitored system that has anything to do with the banks or different governements. Bitcoin was supposed to represent new independent model of finances that shouldn't be manipulated.
legendary
Activity: 1008
Merit: 1060
September 30, 2016, 08:17:08 AM
#83
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 all of our answers were already mentioned by yourself. All we can do right now is agree with it. Satoshi created Bitcoins to prove that money shouldn't be controlled by "someone" AKA the government. All of the transactions should be publicized. There should be no tax at all and there should be very little transaction fee as well. Another part of the concept is proving that it should be possible to mine money.
member
Activity: 112
Merit: 10
September 30, 2016, 05:49:22 AM
#82
I guess it was first created to prove a concept, it wasn't something big like it is now but rather an interesting idea and to prove a digital currency would work, it did prove that years ago, I think now it's something that can change the economical world overall.
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