I believe the main reason behind making BTC was to provide financial freedom to people , to show people that decentralised nature actually offers more than that banks do.
People would no longer need a third party like banks to look after their earnings.
Banks are good but we have to work according to their rules and regulations plus the government can peek into our accounts any time they wish .
BItcoins gives us Extreme privacy , that means no one can know our balance untill we show them , no one could trace our transactions,
Topic: The primary idea of bitcoin - page 10. (Read 1382 times)
The main idea is the decentralized currency that means can do a transaction by peer to peer no third party the idea is about digital currency make a world with online transactions
Bitcoin's main idea is to decentralize the economy and support the current currency of the country. In my opinion, it is also important to help people who want to work in one way or another.
The main idea is the decentralized currency that means can do a transaction by peer to peer no third party the idea is about digital currency make a world with online transactions
Hello,
I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.
I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...
And finally happened what happened, rich got only very small percentage, while others live as they lived before...
What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
I think the goal of satoshi nakamoto creating bitcoin is to destroy a very bad financial system. We know that people's lives depend on the economic development occurring in each country and almost all countries are controlled by one country. So it is very appropriate if bitcoin is present as one of the best solutions experienced by the world economy today, because bitcoin is honest and fair. Each asset is managed by the owner of the blockchain wallet individually. This is what is expected to make all circles become equal and prosper the community. I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.
I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...
And finally happened what happened, rich got only very small percentage, while others live as they lived before...
What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...
Not sure where you got this notion. If you've read Satoshi Nakamoto's white paper on bitcoin, it's clear that what he wanted to accomplish was for money to be exchanged between two individuals without the need for a third party to confirm/uphold the transaction.
To quote Satoshi,
Quote
[Bitcoin is a] purely peer-to-peer version of electronic cash [that] would allow online payments to be sent directly from one party to another without going through a financial institution...
... and then he goes about describing the solution he's come up for accomplishing just that.
Also, note that the proposal for bitcoin was released after the 2007-2009 financial crisis, so you can also see the context where Nakamoto is coming from.
Re: mining farms now holding most of the world's bitcoins -- if true, I sincerely doubt that Nakamoto foresaw the possible 'dangers' to bitcoin if ever there were just a few individuals/groups holding the world's supply of bitcoins. Truth be told, he only envisioned CPUs to be used for mining (and not the mining 'rigs' that are used today), as mentioned in the white paper.
Having just a few groups/individuals own much of the world's bitcoins do seem to pose an issue, as it defeats the purpose for which bitcoin was created-- decentralization.
Just imagining that satoshi may be too upset by the world paper money policy dominated only by the superpower, satoshi wants all the same as its currency to be no different between countries, and Bitcoin can do it ease transactions between countries without any currency bonds.
Still if satoshi comes out to the real world whales will kill him for the patent of bitcoin. As he wishes bitcoin will become a international transaction medium for the business and official payment via peer to peer network.
Now fees started increasing, this is ridiculous to send the fund from one wallet to another. There are many still using bitcoin to transact money from one countries to another.
Just imagining that satoshi may be too upset by the world paper money policy dominated only by the superpower, satoshi wants all the same as its currency to be no different between countries, and Bitcoin can do it ease transactions between countries without any currency bonds.
I think the main goal was decentralization, which we are accomplishing nicely.
Yes, the whole 'no banks needed' idea is pure gold. But the question was about satoshi's intent, and I'm not sure if even the old timers from 2009 could
answer that with any degree of accuracy. I think satoshi doesn't exist as one
person but rather is a group of people, probably a government agency, but I
have no proof, only suspicion. I do think the original intent was to have a form
of money that wasn't tied to government or banks, and that isn't physical. That
aspect is working very well...except for the network fees and long confirmation
times.
Probably the main purpose of bitcoin is to make us independent of government. We are earning a living and are not dependent on Fiat. If this is the ideal scenario. I hope that soon there will be the option to pay in bitcoins when shopping in any online store. This will minimize the need to use Fiat.
complete decentralization of the assets
The main or base idea is worldwide digital crypto currency market can used all over people. and get more advantages from this. It will be good and better, as like to see the current world. Now people are smart generation and make all over from online based.
Hello,
I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.
I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...
And finally happened what happened, rich got only very small percentage, while others live as they lived before...
What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
The primary idea with bitcoin is that Bitcoin is a currency which helps people to escape from poverty where they will meet and realized knowledge and ideas about the society that they live in, moreover it is way that keeps them survive in every day live, the currency which gave them hope, courage to face the reality and education to learn more and help their own fellow human. Bitcoin has a positive feedbacks. I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.
I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...
And finally happened what happened, rich got only very small percentage, while others live as they lived before...
What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
I don't think the idea was to take from the rich and give to the poor, or to reduce the gap between rich and poor. The purpose of creating bitcoin, was to create a coin that you be decentralized and thus immune to the government and bank manipulation. Bitcoin emerged at the heart of a financial crisis, so it was a way to create a coin that would give it's users some security from hyperinflation and manipulation. You would no longer need banks to hold your funds, and that would prevent them from using your money to speculate on markets without you even knowing about it. With bitcoin you have complete control over your money, and that's the great thing about BTC.
Bitcoin at it's core was intended to be used as a currency which could potentially overthrow fiat. But, at the end of the day even if it doesn't succeed in doing that it still has brought the blockchain which is a revolutionary piece of technology.
I think the primary idea of bitcoin is that there’s a finite amount of btc that will be produced/created and by owning that, you own a portion of this technology that allows you to access the benefits. 
Hello,
I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.
I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...
And finally happened what happened, rich got only very small percentage, while others live as they lived before...
What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
Yes we are, everything that he said is for us, Bitcoin is a currency which helps people to escape from poverty where they will meet and realized knowledge and ideas about the society that they live in,moreover it is way that keeps them survive in every day live, the currency which gave them hope, courage to face the reality and education to learn more and help their own fellow human. I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.
I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...
And finally happened what happened, rich got only very small percentage, while others live as they lived before...
What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
Hello,
I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.
I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...
And finally happened what happened, rich got only very small percentage, while others live as they lived before...
What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.
I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...
And finally happened what happened, rich got only very small percentage, while others live as they lived before...
What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
I would like to correct the very motive of Mr. Nakamoto. He's agenda actually is to provide a society with free transactions. And with Free Transactions I mean transactions that can be anonymous. Aside from that, he's motive is also to provide a currency, a digital currency which is now called cryptocurrencies, that is not regulated by the government. And by the way, Mr. Nakamoto is actually not a single person but a group of people who developed the Bitcoin all together.
Maybe this sounds strange but I think that Satoshi didn't have so big plans for bitcoin like it has developed now. Probably the idea was to introduce the new technology and some virtual currency in new virtual era, to give people some alternative to traditional fiat currencies and centralized finances.
I thought not just that. bitcoin represent a true democrasy in human life With a decentralized system. Imagine, if all country use the cryptocurrency as their daily currency, imagine the election with a decentralized system. This world could be better than this.
Maybe even Satoshi didn't expected that bitcoin will achieve so big success out of nothing.
But I'm sure he didn't want limit bitcoin just to certain groups of people and that only few profit out of it but things often turn out different than we want them.
But I'm sure he didn't want limit bitcoin just to certain groups of people and that only few profit out of it but things often turn out different than we want them.
You're wrong dude, satoshi was predict everything from the first time. He create a bitcoin with 21 million limit so the price could keep rising time to time. And althought the price was so damn high, you could still have it with small quantity, thats why bitcoin could split into 8 digital number.
Bitcoin is a currency.You can mention it as a modern currency.Bitcoin is approximately like other currencies in the world.But the price of bitcoin is much higher than the others.The price of it is increasing too.We can buy or iinvest bitcoin,hold them,sell them when the price increases,trade them and can shop by them without expressing self identity from any corner of the world.But,it is still illegal in most of the countries in the world.
We are really not there what Mr. Nakamoto wants in our country.But i know time comes if we still support bitcoin in their vision for us to have a better place , not a perfect but a better place for everyone it will surely happen, that is everybody equal there is no poor or rich people, but an equal opportunity for us. If we still work hard for it everyone will surely in a better place and if we still value what bitcoin can give no one will be hopeless. Every investment we use in bitcoin is worth it as long as you spend it for yours and yours families life in present and in future.
Jump to: