For what was Bitcoin created? - page 8.

R3ffun

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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 first reason is for payment as replace for real money
but now most of the people use bitcoin be came it like livelihood

danherbias07

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Quote from: bitstampclone on November 19, 2016, 06:41:01 AM

The Internet of money bitcoin has created for making a secure transaction without no third party interference. The major advantage of bitcoin exchanges is either there is no transaction fees or very low in price.

Correct with the very low transaction fees but for the exchange of slow sending and is getting scary when it takes too long so many will just prefer the higher fees. But as it goes on I think it will also grow in price, getting expensive in the future.

bitstampclone

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The Internet of money bitcoin has created for making a secure transaction without no third party interference. The major advantage of bitcoin exchanges is either there is no transaction fees or very low in price.

Dr.Osh

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Quote from: choppork on November 19, 2016, 03:37:11 AM

I think bitcoin was created so that we can have an alternative and better kind of currency. You can avoid getting taxed when you're using bitcoin. It's fast and reliable too. You can easily send money abroad with just a few clicks. Bitcoin is decentralized and that just means that a part of bitcoin is meant to do the opposite of what the government does. Today, bitcoin is an investment for most and an opportunity to earn money online.

bitcoin is suitable to be used as a means of transaction. maybe the purpose of making bitcoin is that the internet has a transaction tool that quickly and reliably. bitcoin is currently actually used as currency on the internet, other than that bitcoin has also evolved into a business tool, so now many companies that need workers who are paid using bitcoin. well, so I think bitcoin made to facilitate people - people to conduct transactions on the Internet

choppork

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I think bitcoin was created so that we can have an alternative and better kind of currency. You can avoid getting taxed when you're using bitcoin. It's fast and reliable too. You can easily send money abroad with just a few clicks. Bitcoin is decentralized and that just means that a part of bitcoin is meant to do the opposite of what the government does. Today, bitcoin is an investment for most and an opportunity to earn money online.

kryptqnick

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Quote from: ufaiz50 on November 18, 2016, 09:06:02 PM

i use bitcoin for change job because find a job very difficult, i think for what was bitcoin create ? for to earn a lot of money, it's my personal opinion

Well, you mean that it was created by Satoshi, because he wanted to earn money? Or that Bitcoin was created for people who use it to be able to earn money. As for the first option, I think it couldn't be the main reason, because I think that people lead only by wish to earn money usually fail. There should've been some deep philosophical purpose for that. To show that our world trusts something virtual more than real, for example. If you meant the second option, then I disagree that it really helps to earn a lot.

ufaiz50

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i use bitcoin for change job because find a job very difficult, i think for what was bitcoin create ? for to earn a lot of money, it's my personal opinion

The_Dark_Knight

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Quote from: sportis on November 18, 2016, 03:00:03 PM

Many people are not only unhappy but also indignant of banks dominance around the world that affects significantly their everyday life. So the idea of a decentralized transparent and secure financial instrument had matured enough years before the first 'mining'. It was missing only the way of implementation. When the only 9 pages abstract posted in 2008 the January of 2009 first block of bitcoins was made.

People have been mad about bank power for centuries, and people have tried to figure out ways to get out of the hands of the banks for a lot of time and the latest and most impressive attempt to get out of it is bitcoin.

sportis

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Many people are not only unhappy but also indignant of banks dominance around the world that affects significantly their everyday life. So the idea of a decentralized transparent and secure financial instrument had matured enough years before the first 'mining'. It was missing only the way of implementation. When the only 9 pages abstract posted in 2008 the January of 2009 first block of bitcoins was made.

madwica

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This is created to earn because it is business but later on more people discover this bitcoin and luckily more people already help by earning here in bitcoin and more people being help if they start working in bitcoin

~Bitcoin~

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Quote from: mk4 on November 16, 2016, 08:23:18 AM

created for people to buy marijuana anonymously. kidding. But I think a huge reason is for anonymity.

There are many other possible reasons why bitcoin was created other than anonymity and possibility to buy marijuana.

what bitcoin provides?
financial transparency, limited supply so no one can just print out bitcoin to increase supply like paper cash, decentralize network so you will never loss access to your bitcoin/money and you will have full control over your bitcoin rather than banks/governments handling/looking all your financial transactions.

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Quote from: rajasumi2 on November 17, 2016, 12:59:32 AM

Bitcoin was created to earse black money and to make transaction all in white and so that it has only one currency all over the world but few people are making bad use of bitcoins ..so u should always use in better use ..kudoos

Yes it is and created for all of us to make all transactions conveniently. And this is helping us to avoid some unusual fees that are getting shouldered by us.

And we can't deny that it is created for all to use it whether it will be use for good or bad transactions, it depends upon on its users.

DOGE12321

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Nakamoto wanted to create a new currency which was decentralised; which didn't have any third-party interference in transaction. A currency that was peer-to-peer. His answer was cryptocurrency, Bitcoin.

The_Dark_Knight

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Quote from: Xester on November 17, 2016, 01:05:05 AM

Quote from: pawanjain on November 16, 2016, 08:21:40 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?
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 the main reason to make bitcoin is online payment freedom which remain tax free and total freedom of having any amount of money .

Yes, Maybe that was the reason of Satoshi nakomoto. To reduce tax. The second thing on my mind was maybe Satoshi nakamoto want to create a new form of money. He invented bitcoins and dream of it to become alternative way to buy goods and other necessities. nakamoto is such a genius to discover bitcoins. Bitcoins is now really rocks and i think someday bitcoin will be an alternative form of money.

That is point of discussion among the crypto anarchist, some don't like to pay taxes but prefer to keep their noses clean, while others don't see avoiding taxes as a crime at all, it would have been interesting to know Satoshi opinion about it.

Xester

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Quote from: pawanjain on November 16, 2016, 08:21:40 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?
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 the main reason to make bitcoin is online payment freedom which remain tax free and total freedom of having any amount of money .

Yes, Maybe that was the reason of Satoshi nakomoto. To reduce tax. The second thing on my mind was maybe Satoshi nakamoto want to create a new form of money. He invented bitcoins and dream of it to become alternative way to buy goods and other necessities. nakamoto is such a genius to discover bitcoins. Bitcoins is now really rocks and i think someday bitcoin will be an alternative form of money.

rajasumi2

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Bitcoin was created to earse black money and to make transaction all in white and so that it has only one currency all over the world but few people are making bad use of bitcoins ..so u should always use in better use ..kudoos

The_Dark_Knight

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Quote from: Victorycoin on November 16, 2016, 03:54:28 AM

Quote from: coinsocieties on November 12, 2016, 03:07:29 PM

Everyone says it is not supported by gold or such, but indirectly it actually is supported by gold and such. The money we purchase bitcoin with is supported by gold and this is just another form of currency, even if the government does not consider it currency, it can be traded for currency, so it is just as good.

I think there is a drift there, the world have actually moved on from backing currencies with gold and all what not. Almost all the currencies out there are piece of papers that could have as well ended as toilet tissues. Government declarations and people's willingness to accept those currencies are the things now backing them and that explains, why some government can go on printing frenzy regardless of the implications to their economy.

What is backing bitcoin, is the faith bitcoiners like you and I, have come to have in it. The fact, it is out of the control of any government further strengthens our commitment to it and so is the fact that it is limited in supply. Bottomline is, bitcoin was created to solve the crisis of fiat currencies and good news is that is not doing badly.

Many people are not aware their currencies are not backed by anything even people that I would consider very smart don't have an idea of how this really works.

xIIImaL

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Quote from: madwica on November 16, 2016, 08:01:36 AM

I think at first is for business then bitcoin are now good to help other people who want to earn extra money and not just eaning it can helps to make more people rich in the future by investingoney to bitcoin.

I guess bitcoin is invented due to create the revolution in currency system and to upgrade the Fiat currency to the digital money to have the better experience in future.

Selly Arumsari

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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 first reason bitcoin created to payments easier but now many user bitcoin not only like payment but for their income..

crwth

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I think he created it in a way to improve the economy standpoint. Maybe he experienced something that happened with banks or other government control. Then suddenly he thought of a decentralized market that nobody can control and cannot be altered. Blockchain technology is the future.

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