For what was Bitcoin created? - page 3.

pinkpanther03

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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?

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.

hyudien

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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?

I think he make this coin to more efficient transaction with lower fee than another currency and also openness transaction, so we as user can control loss on our transaction.

Bitcoinsummoner

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Quote from: the.jack20 on January 19, 2017, 01:34:25 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 do not think they created it to make a lot of money. Because it is not possible to predict that bitcoin will gain such a value. People who create bitcoins are people who want to oppose the system. They wanted to create a transparent system that is not controlled by any power. And they did it.

I heard that bitcoin is just an experiment but they are not expecting that bitcoin can be increase the value more.. this is just like the life of the owner of facebook.. oid you know how facebook start friendster and yahoo is the number use by people because of the owner of facebook is created a facebook that you can chat and post picture and send some pm.. so bitcoin is just like an experiment that didn't expect what will happen in the future..

the.jack20

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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?

I do not think they created it to make a lot of money. Because it is not possible to predict that bitcoin will gain such a value. People who create bitcoins are people who want to oppose the system. They wanted to create a transparent system that is not controlled by any power. And they did it.

bitloud

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I think bitcoin is created to show how corrupt is the current finance system and at the same time solve several finance issue regarding centralization and finance control. Bitcoin was probably created for online peer to peer transactions which would reduce the burden and barriers set by government of various countries. At the same time, the creator wanted to tell the people that it does not a central authority for a currency to function. With that in mind bitcoin was created with decentralized nature.

Tanic

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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.

bitloud

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Yes. 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.

target

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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?

By the word decentralized is what serves its purpose. Satoshi was maybe sick of economy that is controlled by government and some huge banks.
So having a money that isn't centralized and that everyone can take part of its value and the quantity is exactly the way its been since the creation - 21M. With such supply, there is no way an authority can create more coins of their own.

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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.

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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.

BillyBobZorton

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Quote from: marcoman22 on January 19, 2017, 05:25:52 AM

Bitcoin was mainly created for decentralisation of currency. Main aim was to free the people from depending upon banks for each and every transactions. Additionally,it has given an opportunity of earning to people all over the world irrespective of caste, creed and nation. People can send their money even abroad very quickly and at very low charges.

Satoshi talked about decentralized cash, but he didn't realize big blocks run in server farms are the opposite of cash since the network is centralized. Thank god blockstream came to the rescue with LN solution. It's definitely better than server farms running nodes. Of course ideally we would have decentralized onchain cheap transactions but can't be done.

basesaw

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I think he did it for some nature of currency. Maybe he did the bitcoin in order to have alternatives for buying, in this days online is a big factor for industries like businesses and others, we can use bitcoin as payment for it so it would be more easy and hassle free.

erickkyut

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There are so many related topics on this thread just like this one! There are different opinions about why bitcoin was created and some of the reason are because Satoshi Nakamoto's goal is to help the poor peole and give them the opportunity to become rich and aside from this, the decentralization of the monetary system!

marcoman22

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Bitcoin was mainly created for decentralisation of currency. Main aim was to free the people from depending upon banks for each and every transactions. Additionally,it has given an opportunity of earning to people all over the world irrespective of caste, creed and nation. People can send their money even abroad very quickly and at very low charges.

azguard

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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

Viscount

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To free people from the yoke of banksters mainly

markyminer

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Quote from: Rizky Aditya on January 18, 2017, 05:24:33 AM

I think that Bitcoin was created as a currency that no one could manipulate. It was also made so that you could control it yourself and don't need a bank to store your money.

i think bitcoin was created as digital currency, to be use for online purpose with the same value everywhere, now we can see that most of the people who know about online shopping and trading they are mostly using bitcoin for online shopping and for so many other purposes, as soon as the number of bitcoin users are increasing the use bitcoin is also increasing and becoming more stable and reliable currency of the world.

Vikingr

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Quote from: wahb on January 18, 2017, 12:28:32 AM

Quote from: sobsitesearch on December 01, 2016, 08:00:06 AM

For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment

to me i think it is created as currency to be use equally in all over the world. but as the users of bitcoin are still not so much, and we can see that people are entering in the world of bitcoin continuously therefore people are using it as investment and making good profit from it.

That is also right that with the use of bitcoin all of the people from every country will use the currency equally but it is in my mind that bitcoin is created as a virtual currency in order to deny the hard things and restrictions with fiat payment for different virtual purposes.

meemiinii

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for what bitcoin is created? well anywhere we search, we can get same answer.. bitcoin is created for FREEDOM! nothing more, nothing less. freedom from what? freedom from banks, freedom from any authority that can or might control it, freedom from manipulations and the like.. bitcoin really gives us freedom that governments are taking.

jacafbiz

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I think Satoshi was tired of the central bank manipulation and rigging of the economic system and decided to show the world there is another way out of this. Bitcoin means so many things to many people but for me it gives power back to individuals.

Topic: For what was Bitcoin created? - page 3. (Read 17008 times)