Topic: In your own words: What is the purpose of Bitcoin? - page 7. (Read 4645 times)
Bitcoin is new technological advancement. Created out of hate, its purpose to destroy and liberate. Where bitcoin comes from and why it was created is besides the point; the point is that these units have the right properties to be used as money Scarce, Durable, Portable, Divisible, Impossible to counterfeit, Fungible... Their utility is a weapon, with this weapon humanity can unite under one banner and declare their independence once and for all.
I don't know the true intended purpose of the inventor, however a purpose is:
To effect an electronic transaction directly between two parties without the need of 3rd party facilitation.
Now you can argue that the miners are the facilitators etc. but you know get what I'm saying.
To effect an electronic transaction directly between two parties without the need of 3rd party facilitation.
Now you can argue that the miners are the facilitators etc. but you know get what I'm saying.
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