For what was Bitcoin created? - page 2.

20kevin20

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Quote from: SamsungBitcoin on January 22, 2017, 08:09:42 PM

I think bitcoin was created for business of the family satoshi, then they found out that bitcoin can help more people to support or to help to provide some financial who are working hard in bitcoin community.

If it was created for the family.. I'm pretty sure that family is going to live off Bitcoin for some decades! Cheesy

It was a very smart idea and I guess he owns a big part of the BTC Rich List. I just cannot believe that some random person was able to code this amazing currency that didn't fail in ANY way!

Finestream

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Quote from: mornabo on January 22, 2017, 08:18:10 PM

Quote from: Text on January 22, 2017, 07:41:27 PM

I think bitcoin was created to give idea for the improvement and better development of our economy. It is an opportunity that help us to make a transaction easy and convenient, also to pay less fees. If we see its significance deeply, we can tell its all benefits.

I think it's not just an idea. but bitcoin present to be the option that makes it easy currency in transactions fast and long distances though. and also a profitable investment for everyone

Probably not for everyone, the price may rise but it's not expected that everyone is making money with that price increase. Everything requires to do it with timing, we have to follow what basic principle tells us to do which is to" buy low and sell high", no specific price as it depends on how we manage it.

mornabo

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Quote from: Text on January 22, 2017, 07:41:27 PM

I think bitcoin was created to give idea for the improvement and better development of our economy. It is an opportunity that help us to make a transaction easy and convenient, also to pay less fees. If we see its significance deeply, we can tell its all benefits.

I think it's not just an idea. but bitcoin present to be the option that makes it easy currency in transactions fast and long distances though. and also a profitable investment for everyone

SamsungBitcoin

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I think bitcoin was created for business of the family satoshi, then they found out that bitcoin can help more people to support or to help to provide some financial who are working hard in bitcoin community.

Gembul

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In my opinion, bitcoin created for a purpose, that purpose is to facilitate us in this advanced era in financial terms. Due to the presence of digital currencies have become easier for us in terms of payments. Moreover bitcoin good for investment The point, bitcoin was created to facilitate human work in this modern era. Thank you

Text

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I think bitcoin was created to give idea for the improvement and better development of our economy. It is an opportunity that help us to make a transaction easy and convenient, also to pay less fees. If we see its significance deeply, we can tell its all benefits.

SvenBomvolen

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OP said right words, bitcoin is really one step forward. Now just bitcoin, blockchain is revolution, because I think there will be place for other alt-coins. They are surviving and some of this coins are making some progress as I see. Bitcoin is created to make money transfers more easier for all the people, and decentralization is something that can provide transparency in global economy.

vasrasus

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Quote from: meemiinii on January 22, 2017, 07:16:02 PM

Quote from: bitbob82 on January 22, 2017, 05:22:13 PM

Quote from: pinkpanther03 on January 19, 2017, 07:34:40 PM

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 Mr. Satoshi Nakamoto He made Bitcoin to create something new, earning a lot of money is just a secondary of his purpose. Maybe He saw that many people in the whole world suffering poverty because of financial problems. So Bitcoin is one the keys solution and that was happening already now.

to me i think he created the bitcoin only for the purpose of online shopping, but we are using it for investment and really making good money .

i think its not only for the online shopping mate. coz if he created it just for that reason, its not worth it. since there are lot of mode of payments that can be used for online shopping. like paypal perhaps. it is one of the well known or mostly used medium when you pay something online.

I don't think also that its for online shopping. It could be for easy payment transactions. It can convert into all fiats, it does lot of payment services . It offers easy services too like eloading and for gambling or betting games, we don't need to go too far or to paid more transaction fees. So for me it is for easy and convenient transactions ,the reason also why I'm using it other than I earn from it.

meemiinii

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Quote from: bitbob82 on January 22, 2017, 05:22:13 PM

Quote from: pinkpanther03 on January 19, 2017, 07:34:40 PM

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 Mr. Satoshi Nakamoto He made Bitcoin to create something new, earning a lot of money is just a secondary of his purpose. Maybe He saw that many people in the whole world suffering poverty because of financial problems. So Bitcoin is one the keys solution and that was happening already now.

to me i think he created the bitcoin only for the purpose of online shopping, but we are using it for investment and really making good money .

i think its not only for the online shopping mate. coz if he created it just for that reason, its not worth it. since there are lot of mode of payments that can be used for online shopping. like paypal perhaps. it is one of the well known or mostly used medium when you pay something online.

bitbob82

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Quote from: pinkpanther03 on January 19, 2017, 07:34:40 PM

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 Mr. Satoshi Nakamoto He made Bitcoin to create something new, earning a lot of money is just a secondary of his purpose. Maybe He saw that many people in the whole world suffering poverty because of financial problems. So Bitcoin is one the keys solution and that was happening already now.

to me i think he created the bitcoin only for the purpose of online shopping, but we are using it for investment and really making good money .

nikilavi

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It's is created for us to have an alternative to stocks or maybe a currency that can be spend through online . Satoshi did a really good job about it because he helps a lot of people by earning bitcoins through this forum and other sites that pays bitcoin. Bitcoin is also the future money for us. Bitcoin also has expensive value since it's price is higher than the value of a cash money that's why it is easy to adopt. Maybe it wasn't created as an alternative to currency otherwise there wouldn't be a limit of maximum bitcoins in the world

Bitcoinsummoner

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Quote from: Qunenin on January 21, 2017, 10:38:23 AM

Many time, this question also come in my mind, Why Nakamoto created Bitcoin?
Than i think reality is that he want to create something new, and now it is time of internet. So may be he choose internet, and on internet, every work only get success when people earn to money, Than definitely he will prefer to crypto currency and that is Bitcoin.

I think bitcoin before is just an experiment and they are added it as mode of payment because of anonymity satoshi created it to be unique because there is no payment method are anonymous that is why bitcoin is born.. that almost illegal activity are happen that is why the price was increase fast in 2013 because many drug lords and illegal business are using bitcoin in that time..

dream4

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I am quite new to bitcoin but my guess is to be a good alternative to the fiat money system and also to weaken it for the better.

CROYA86

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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?

bitcoin made to simplify the financial system without a lot of regulation therein {mainly of government interference} evidence today many banking system modeled on bitcoin, many people assume that bitcoin will not last long, the proof until now bitcoin stay successful, proved to be the day the user bitcoin bitcoin continue to grow because it is simple, easy and secure.

basesaw

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Quote from: Zadicar on January 19, 2017, 12:31:38 PM

Quote from: sportis on January 19, 2017, 12:20:10 PM

Quote from: azguard on January 19, 2017, 04:57:05 AM

How about this several statements:

Bitcoin is elegant
Bitcoin’s use is anonymous
Bitcoin can be used for micropayments
Bitcoin can be used for cheap international transfers
Bitcoin provides a financial system outside of state control

can in be anyway simple then this

I partially agree with your statements. I cannot understand the description that bitcoin is elegant but surely is not anonymous. It is pseudonymous. You can say that is anonymous under the rationale sending and receiving without identifying personal information. But if you do any purchases online you have to reveal your real name and address, so your identity is linked with your bitcoin wallet. Moreover bitcoin was not created for every day transactions that is, micro payments. If bitcoin was a good solution for these payments there was not any reason people try to implement solutions like as lightning networks and side chains.

Me too I'm quiet curious about bitcoin is elegant and what's the meaning of that on his mind.bitcoin is anonymous that's why most people do really like it not only on ordinary users but mostly for criminal minds.

maybe he uses the word elegant as it is maybe the first online currency that doesnt need to be dependent on cash. i said not dependent on fiat because you can actually have bitcoin in some jobs that you can offer. can also have free bitcoin on faucets and most of all, bitcoin doesnt need to be reproduced. you can actually mine a bitcoin.

Qunenin

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Many time, this question also come in my mind, Why Nakamoto created Bitcoin?
Than i think reality is that he want to create something new, and now it is time of internet. So may be he choose internet, and on internet, every work only get success when people earn to money, Than definitely he will prefer to crypto currency and that is Bitcoin.

Viscore

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Quote from: Windpower on January 19, 2017, 10:28:27 PM

I think Satoshi had enough of banks and fiat being manipulated by different people and governments. So he/they decided to make a decentralized currency that couldn't be manipulated, even though the Chinese sort of are, and a currency that you could store for yourself and not have to deal with banks. But I guess we will never know the motivation of the making of Bitcoin until and unless he/they go public. Which they probably never will.

This is freedom actually, we know that government are corrupt and they are in power so it would be easy to control us, even lies can be truth when it is publish in the media. They have the power and resources to manipulate things and people will follow. Bitcoin is a treat to them and they are looking the weakness more on in than the advantage to discourage people from using it.

Windpower

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I think Satoshi had enough of banks and fiat being manipulated by different people and governments. So he/they decided to make a decentralized currency that couldn't be manipulated, even though the Chinese sort of are, and a currency that you could store for yourself and not have to deal with banks. But I guess we will never know the motivation of the making of Bitcoin until and unless he/they go public. Which they probably never will.

emezh10

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Quote from: Mbah Slamet on January 19, 2017, 08:05:51 PM

Quote from: Tanic on January 19, 2017, 01:07:15 PM

I think bitcoin was created as money that can avoid the system. Bitcoin took all the best sides of other payment instruments in itself. Bitcoin is perfect money or money of new generation or money of the future or all together. I am sure that governments are afraid bitcoin, cause of for now they can't control it and make it work for theirselves.

I am not sure that bitcoin is the best system, let alone replace fiat money, as my analysis there are many things that must be improved, simple but very important example is the theft of bitcoin. a great system would need to be backed security was good, it was not in bitcoin. someday I am sure there will be new coins which can improve bitcoin.

I agree in all over bitcoin can replace fiat money and banks but in terms of security bitcoin has the lowest of all. So if the bitcoin wallet creator add security features in bitcoin like in the paypal when you can get back the money if that is scam. And if that creator do that the I can say bitcoin can surely replace fiat money and banks all over the world if that will not happen ai think it will only surpass tha quantity of it. So let's wait for bitcoin security to improve and upgraded more.

Mbah Slamet

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Quote from: Tanic on January 19, 2017, 01:07:15 PM

I think bitcoin was created as money that can avoid the system. Bitcoin took all the best sides of other payment instruments in itself. Bitcoin is perfect money or money of new generation or money of the future or all together. I am sure that governments are afraid bitcoin, cause of for now they can't control it and make it work for theirselves.

I am not sure that bitcoin is the best system, let alone replace fiat money, as my analysis there are many things that must be improved, simple but very important example is the theft of bitcoin. a great system would need to be backed security was good, it was not in bitcoin. someday I am sure there will be new coins which can improve bitcoin.

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