..One more purpose of bitcoin is to have a currency that is world wide accepted which is bitcoin itself..You can buy and sell with bitcoins in any country that's the best thing i like about it 
Topic: In your own words: What is the purpose of Bitcoin? - page 2. (Read 4645 times)
According to me,The main purpose of bitcoin is decentralisation.Another purpose is freedom as the bitcoin is not under the control of official government and can only be controlled by the users itself ..One more purpose of bitcoin is to have a currency that is world wide accepted which is bitcoin itself..You can buy and sell with bitcoins in any country that's the best thing i like about it
..One more purpose of bitcoin is to have a currency that is world wide accepted which is bitcoin itself..You can buy and sell with bitcoins in any country that's the best thing i like about it 
I guess there could be several purposes of creating bitcoin and challenging the dominance of Us dollar could be one of them.Imagine if only one third of total world population start using bitcoin where will dollar stand?Currently we need dollar to do any international transaction which increases dollar's demand but if we can use bitcoin,dollar will lose its value
Frictionless international transactions of over $10,000.
Also this one: sending large amounts of money without anyone questioning you and forcing you to pay tax just to send your own money. A decentralized system for these kind of transaction takes the cut, and bitcoin does it perfectly and (most of the time) smoothly.
The purpose of Bitcoin is to empower the common man even it is still far from its purpose.A currency of which value should be drived by the people instead of elite.An independent and decentralized currency for more freedom to use where and whenever someone wants to do.
If you look at life in present history, we are going virtual. We spend more time in virtual cyberspace than we do in reality.
Bitcoin is the cash for this virtual existence.
Bitcoin is the cash for this virtual existence.
there was a time when i saw this thing (bitcoin system) and i asked myself "what kind of fools will believe in this type of things maybe it will be another scam" but today after researching about it i am here in this fourm know almost all the basic about it and how it works i have earned some bits too. so for me it is just "a money processing system" yes this is the best term i can call it
Bitcoin is Freedom, Bitcoin puts the power of money, back in the peoples hands.
Yeah, bitcoin is world peace.
i think purpose of bitcoin is to be an anonymous person, you can keep your money and nobody knows
bitcoin is a digital coin that can change someone's life a positive or negative direction
Frictionless international transactions of over $10,000.
The purpose of Bitcoin is taking the power from the centralized financial institutions and politicians (which are giving their approval to money printing) and giving this power back to the people.
Also low fees and the ease of usage is a big plus too.
Also low fees and the ease of usage is a big plus too.
Bitcoin? Not to fully replace the traditional banking system or the current fiat system but rather a workaround to have yourself control of all your funds and also, a cheaper means of sending money from one point to another without having to rely on to some intermediary service.
bitcoin as I see it is a revolutionary technology that is highly underappreciated these days. it simply offers a lot of benefits that cant be ignored.
for me the best thing is the decentralization and also the fact that I can send money to any place in the world in the fastest way possible and on top of that I have to pay the lowest amount of fee available. and it would reach the destination (get confirmed) in matter of minutes.
also bitcoin and cryptocurrencies are a good investment opportunity that I can take advantage of and make some money from my investment.
for me the best thing is the decentralization and also the fact that I can send money to any place in the world in the fastest way possible and on top of that I have to pay the lowest amount of fee available. and it would reach the destination (get confirmed) in matter of minutes.
also bitcoin and cryptocurrencies are a good investment opportunity that I can take advantage of and make some money from my investment.
Freedom.
The purpose of bitcoin may be innovating a new digital currency which can help people to send transactions with less fees. Bitcoin was created to get a new money which is not controlled by any government. So, decentralization is the another purpose bitcoin is created. Bitcoin has given the banking purpose to many individuals.
1. The purpose of bitcoin is ease of usage.
2. Convenient to transfer with less fees.
3. Fast transactions.
4. Get rid of freezing funds.
5. Investment opportunity. Double or quadruple your net-worth in short time.
The list is long. No one can cover all the things at a time.
The purpose of bitcoin may be innovating a new digital currency which can help people to send transactions with less fees. Bitcoin was created to get a new money which is not controlled by any government. So, decentralization is the another purpose bitcoin is created. Bitcoin has given the banking purpose to many individuals.
Bitcoin is created for new economical revolution. The traditional economic environment has many disadvantages to a common man. Satoshi has created bitcoin to revolutionize the modern economy situation with the help of bitcoin. I believe bitcoin is doing it in right way. I mean bitcoin is fulfilling the purpose it was created.
True, bitcoin is adding value to the benefits that we are getting from bitcoins, as bitcoins is decentralised and the best thing is you can carry as much as possible in your digital wallet even you are travelling across the countries where as fiat currency has a limit to carry when you are travelling, and I believe that is the best thing about the bitcoin, it is already benefiting the society.
Bitcoin is created for new economical revolution. The traditional economic environment has many disadvantages to a common man. Satoshi has created bitcoin to revolutionize the modern economy situation with the help of bitcoin. I believe bitcoin is doing it in right way. I mean bitcoin is fulfilling the purpose it was created.
(IMO) the purpose is to make money transaction easier, cos no one can forbit you to do that.
Yeah but I think no one will forbid you even care with your money transaction.Jump to: