Yes, Satoshi created Bitcoin to be peer-to-peer electronic cash which is outlined in the Bitcoin whitepaper.
If you would like to learn more about all of Satoshi's posts here on Bitcoin talk, I would strongly suggest reading "the Book Of Satoshi" where he goes into detail on a lot of his thoughts.
Topic: Reason for the existence of Bitcoin? (Read 254 times)
Satoshi Nakamoto explained it in the whitepaper why Bitcoin is created and also why this forum is also created. I'll answer one of it which is Bitcoin is made to have freedom when doing transactions like transfer, buying and selling without any third party member checking every move you make. I think you know how banks operations anywhere in the world where they are the one who manages your funds and they can also make your account frozen unlike in Bitcoin where your funds will never be frozen by anyone and no third party member except when you store your funds in a custodial wallet.
I was really taking my time asking myself what is the purpose for bitcoin existence,
Let us just say bitcoin was created as a parallel currency to exist against all the bureaucracy that exists around traditional money systems, and knowing very well that fiat systems aren't transparent and the people in charge of it will print money at any time they please..bitcoin came in with an opposite concept such as full transaction transparency thats to the public ledger, limited supply and the obvious a decentralized system to give power to the users... Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
Bitcoin means freedom and Satoshi himself making such an asset/currency did not put restrictions on who can and can't access BTC!Think of Bitcoin as the VPN of money
I really appreciate and welcome all your answers thanks,I will gladly say you people are the best and most helpful set of people to long with. Thanks once again!!.
I was really taking my time asking myself what is the purpose for bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
no one knows for sure why satoshi Nakamoto created and launched bitcoin, everyone is still silent when asked that.but if it is felt in everyday life for bitcoin investors, many are helped financially, I don't mention everyone is helped, but mostly big profits.
so it is certain and already felt, that bitcoin is indirectly a promising investment and very safe payments.
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I was really taking my time asking myself what is the purpose for bitcoin existence
I think the answer here is mostly philosophic. Bitcoin exists because it was needed. And why it was needed is explained below.
Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence
Actually, yes, he stated that. And what he stated was the following:
did he specify they category of people that are going to per-take on bitcoin!!?
Was that actually needed? Lol! If he said X or Y are not supposed to use Bitcoin, would, in fact X and Y not use it if they wanted to?
legendary
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I want to know if SATOSHI was having in mind that what he was about creating with forever be in existence? I guess he made it for just himself and not real for everyone but it later turns out to be viral over the world, I guess he has reason for him creating bitcoin because alot investment are in there and same as scammer. WHAT IS HIS REASON FOR ALLOWING IT TO EXIST?
He didn't make it for himself and that's why he didn't hang around to take all the credit that will come from the success of his creation. He didn't make it for himself that's why he made it possible that miners get reward for keeping the block active and he gets nothing from their reward like a commission. He didn't make it for himself that's why he has abandoned his initial mined millions of coins and just living a normal life wherever he is assuming he isn't dead already.
You don't even need to read the Bitcoin white paper (although it's recommended you do) for you to understand what Satoshi was trying to achieve with his creation. He wasn't creating Bitcoin for the elites instead for the common man to use as alternative to the highly censored and centralized banking system that's been built on nothing but lairs. Satoshi realized the world needed a decentralized currency and that's why bitcoin was created, it's used for store of value is just other benefits that comes from holding it. The main aim for it's creation was as a means of decentralized exchange.
I was really taking my time asking myself what is the purpose for bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
You will never ask this question if you read the white paper of bitcoin since for doing that you gain knowledge about the intention of the creator for creating this coin. Its success has been driven by the demand so for sure we can see more as more institutional invests are slowly coming in the crypto scene.
I want to know if SATOSHI was having in mind that what he was about creating with forever be in existence? I guess he made it for just himself and not real for everyone but it later turns out to be viral over the world, I guess he has reason for him creating bitcoin because alot investment are in there and same as scammer. WHAT IS HIS REASON FOR ALLOWING IT TO EXIST?
Satoshi creates an alternative currency to be used by many people around the world so if you think or came out on your mind that he create it for his self then he will not release it on first place and keep it for his self. The same with fiat to many scammers are using this so don't get surprise about this since if there's money in scene to many shit heads will come up to scam people especially when this is on trend. Lastly It exist because of the demand, if no demand it will die naturally.
I want to know if SATOSHI was having in mind that what he was about creating with forever be in existence? I guess he made it for just himself and not real for everyone but it later turns out to be viral over the world.
What would be the point of creating an alternative payment system, write whitepaper etc if no one else would use it so of course he didn't make it just for himself. If he did, Bitcoin would be way more centralized while he did what he can to keep it as decentralized as possible.If you are asking whether he knew that Bitcoin will be such a success, I would guess that he didn't, and neither did the earliest adopters. This is what he said back in 2010
I'm sure that in 20 years there will either be very large transaction volume or no volume
I want to know if SATOSHI was having in mind that what he was about creating with forever be in existence? I guess he made it for just himself and not real for everyone but it later turns out to be viral over the world, I guess he has reason for him creating bitcoin because alot investment are in there and same as scammer. WHAT IS HIS REASON FOR ALLOWING IT TO EXIST?
I was really taking my time asking myself what is the purpose for bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
Bitcoin is meant for everyone to use and without exception to particular people to use it. one of the main purposes about Satoshi creating of Bitcoin is to tackle money inflation, unlike the current fiat system of money, the inflation rate is not predictable, whereas for Bitcoin the inflation rate of Bitcoin is predictable even over the next 50-100 years because every 4 years Bitcoin inflation rate is cut to halves.
If we are to all considers how the fiat currency had been abused and the rate it has dealt with us in our businesses and financial economy, no one will ever see an opportunity for alternative without embracing it as quick as possible, bitcoin was also created to make the balance between the rich and the poor, so everyone can be treated with equal right and have it completely with their financial lives, fast transaction that could be undelayed, low transaction fees, p2p advantage without third party and lots more.
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Basically, Bitcoin is conceived as a type of digital money that you can use online. But what's cool about it, and what sets it apart and makes it unique from previous forms of digital currency, is that it's not controlled by any central authority. Instead, it's run by a bunch of computers all over the world that work together to keep track of everyone's transactions.
The guy who created Bitcoin, Satoshi Nakamoto, didn't really say why he made it, but he wrote this thing called a whitepaper that explained how it works. And in that paper, he talked about how regular money can be a pain because you have to rely on banks and stuff to keep track of it. But with Bitcoin, you don't need a bank, so it's more like a peer-to-peer system where people can send money directly to each other without any middlemen getting in the way.
I was really taking my time asking myself what is the purpose for bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
Bitcoin is meant for everyone to use and without exception to particular people to use it. one of the main purposes about Satoshi creating of Bitcoin is to tackle money inflation, unlike the current fiat system of money, the inflation rate is not predictable, whereas for Bitcoin the inflation rate of Bitcoin is predictable even over the next 50-100 years because every 4 years Bitcoin inflation rate is cut to halves.
There are many reasons why bitcoin was created by Sastoshi Nakamoto. Such as the reason to be detached from government regulations so that they cannot be arbitrary in managing everyone's assets because they have power. Bitcoin was created to be decentralized which means it cannot be regulated by anyone including the government, and because the number is limited makes bitcoin very valuable.
Bitcoin is also designed as an alternative to the traditional financial system which tends to be centralized and vulnerable to the influence of the government or large financial institutions. Bitcoin is also considered a lucrative investment tool by some due to its increasing value over the long term.
Bitcoin's goal is to provide an alternative to existing financial systems and give its users full control over money and transactions.
Bitcoin is also designed as an alternative to the traditional financial system which tends to be centralized and vulnerable to the influence of the government or large financial institutions. Bitcoin is also considered a lucrative investment tool by some due to its increasing value over the long term.
Bitcoin's goal is to provide an alternative to existing financial systems and give its users full control over money and transactions.
I was really taking my time asking myself what is the purpose for bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
If you’re still asking such question at this point in time, then you must have missed an important part you need to know before embarking on bitcoin investment. It’s good you ask but your question is not something to have been asked by someone with basic knowledge about bitcoin. Do well and get the basic knowledge and your journey here will become easier.
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Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
Bitcoin existence and invention is to serve as an alternative to fiat currency and provide a decentralized system for that. And there’s no restriction to who can per-take in bitcoin investment.
If you have ever read about bitcoin on the internet then you should have discovered the history and know what the whitepaper is all about, here on the whitepaper, you will discover everything you need to know about bitcoin network, purpose and protocols guiding it, also in addition to this and as part of the reasons why Satoshi created bitcoin was to give us financial freedom from centralized authorities abd ease crossboarder transaction high charges.
Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
Are you looking for an alternative electronic payment system that is borderless and can not be censored?Do you hate using third parties in your electronic payments?
Are a fan of peer to peer payment deals?
Do you hate Government monitoring and blocking your transactions?
Then Bitcoin is for you
Please Read the white paper!
Bitcoin has really help if for nothing, for the purpose of helping and aiding foreign exchange which the excess of a third party and Bitcoin which is a decentralized digital currency is independent currency that doesn't require the presence or intervention or government regulations.
I was really taking my time asking myself what is the purpose for bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
People who happen to be living in sanctioned countries can't take advantage of the traditional financial system, they can't make purchases on the Internet with their Visa or Mastercard, and they sometimes don't even have a bank account to make a deposit. Without globally accepted and properly working digital currency, they are cut off from the rest of the world and have to only transact locally like in primitive times when money didn't exist. Bitcoin solves this problem by giving these people the ability to join the party and transact with whomever they wish without having to ask permission. It exists to help people make trades with each other in a decentralized way regardless of imposed sanctions or other constraints; it unites people that otherwise would have been disparate. Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
Many above users are pointed to suggest you to read the whitepaper, it's the answer because you will know about Bitcoin and you will the answer if you've understand about it. But for newbie I don't quite recommend to read the whitepaper because there's a lot of alien words where it would make you confused.The first question is really simple, Satoshi only want to avoid third parties, while the second question, you just need to use your logic. If anyone can access Bitcoin through non custodial wallet and decentralized exchange, do you think there's no one can use Bitcoin?
For the purpose of sending money over the internet Bitcoin was brought into existence. The aim of the digital currency was to bring a better payment system that function without a centralized management. Bitcoin was created for usage of every one .
I was really taking my time asking myself what is the purpose for bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
Satoshi Nakamoto does not know how Bitcoin will grow and how it will end or be lively forever. Let's read his stance on this matter years ago before he left the forum.Right. Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating. In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes. I'm sure that in 20 years there will either be very large transaction volume or no volume.
Nobody knows at in 2009, 2010 but now 14 years since 2009, I have stronger belief that Bitcoin won't die.
If you want to be more knowledgeable then more bullish about Bitcoin, let's read The bullish case for Bitcoin
I was really taking my time asking myself what is the purpose for bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
Learn how to read Bitcoin's Whitepaper, everything was stated there the purpose of Bitcoin creation. If you can see the whitepaper suggests that Bitcoin was created to address some of the flaws in traditional financial systems, such as the high costs and long transaction times associated with traditional banking systems. Bitcoin is designed to be decentralized, meaning that it operates without a central authority, like a government or a bank, controlling it and this decentralization makes it resistant to censorship and interference from third parties. I hope you better understand this.
Anyone with an internet connection can participate in the Bitcoin network, buy and sell Bitcoin, and use it as a means of payment which is the mean core upon the creation.
The purpose of Bitcoin's existence is to provide a decentralized and secure alternative to local currencies which is centralized.
The good thing about decentralized is that we can send and receive money peer to peer without a 3rd party such as banks.
Satoshi is aiming to create a digital currency secure and transparent because they value privacy.
The main purpose of Bitcoin's existence is decentralization to make sure no one can control or manipulate Bitcoin, unlike local currencies which are controlled by the government and central banks.
The good thing about decentralized is that we can send and receive money peer to peer without a 3rd party such as banks.
Satoshi is aiming to create a digital currency secure and transparent because they value privacy.
The main purpose of Bitcoin's existence is decentralization to make sure no one can control or manipulate Bitcoin, unlike local currencies which are controlled by the government and central banks.
Cryptography and Internet enthusiasts have been trying to create a decentralized digital currency since the 90s. Those attempts had flaws and didn't get much traction, many even remained purely theoretical. But Satoshi built on their experience and used his innovation to create the first working decentralized electronic currency.
The people who wanted such currency dreamed about transferring money without restrictions, without interference.
Bitcoin is for everyone it does not discriminate, it cannot discriminate.
The people who wanted such currency dreamed about transferring money without restrictions, without interference.
did he specify they category of people that are going to per-take on bitcoin!!?
Bitcoin is for everyone it does not discriminate, it cannot discriminate.
I was really taking my time asking myself what is the purpose for bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
When you ask yourself, what answers have you found for that simple question?Although I don't read that SATOSHI NAKAMOTO ever stated anything when he created Bitcoin and determined the category of people who would get it. Because I only read the general purpose of Bitcoin itself where Bitcoin was created in 2009 in the middle of an economic recession. Bitcoin was created to be a peer-to-peer electronic cash system, but it has also attracted investors who are attracted to cryptocurrencies as a store of value currency, comparable to gold. Quoting Time.com
Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
Are you looking for an alternative electronic payment system that is borderless and can not be censored?Do you hate using third parties in your electronic payments?
Are a fan of peer to peer payment deals?
Do you hate Government monitoring and blocking your transactions?
Then Bitcoin is for you
Please Read the white paper!
I was really taking my time asking myself what is the purpose for bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
Unfortunately for you, you forgot to read and understand Bitcoin's whitepaper, you just need to go back and read it to understand and all your questions will be answered, the whitepaper is very important and it sums up everything about the purpose of Bitcoin and what it tries to accomplish
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Satoshi Nakamoto's original paper is still recommended reading for anyone studying how Bitcoin works. Choose which translation of the paper you want to read:
https://bitcoin.org/en/bitcoin-paper
I was really taking my time asking myself what is the purpose for bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?
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