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Topic: The primary idea of bitcoin - page 3. (Read 1382 times)

newbie
Activity: 1560
Merit: 0
August 05, 2018, 09:41:23 PM
Where and when there is always decentralization and decentralization. There is nothing that can be shared and fair

full member
Activity: 546
Merit: 100
August 05, 2018, 09:08:15 PM
The primary idea bitcoin is still here. We are building the trust gap that we'll connect each and everyone. Bitcoin will make us trust each other when we transact and the makes us very easy to remove the barriers like our wrong perspective when we meet people. The Chinese and USA that wants to fight each other can be saved by bitcoin.
jr. member
Activity: 196
Merit: 1
August 05, 2018, 07:54:29 PM
the primary idea of bitcoin is to create singular currency that will be spent globally. they are making thing to be possible to make their vision of creating a singular currency
full member
Activity: 1442
Merit: 106
August 05, 2018, 07:26:48 PM
i think the primary idea of bitcoin is to stop or disrupt the world financial order that is been government from units and sections of government, both locally and internationally and then decentralise it to a system where people or individual can create their own financial system
full member
Activity: 686
Merit: 100
August 05, 2018, 07:19:06 PM
The main idea of Bitcoin is to be decentralised of all governments in the world and be only digital currency in the internet. People like to be Avenue in real world so they can use it.

It becomes a complicated step to be accepted by all countries in the world because all government regulations differ.
full member
Activity: 476
Merit: 112
IDENA.IO - Proof-Of-Person Blockchain
August 05, 2018, 07:16:11 PM
if some of the main objectives of the BTC are examined, there are so many possibilities that can be the goal of creating BTC
first, in my opinion BTC will be used as an international payment instrument that can be adjusted or can even displace the existence of the USD, so the cryptocurrency will begin to be introduced as an official international currency
then the second, in my opinion BTC is a mega project for the need to Give Away to the poor, where everyone can get money by buying and selling and making a profit
jr. member
Activity: 126
Merit: 1
August 05, 2018, 07:09:03 PM
Yup! Bitcoin was created to have a decentralized currency which can be accepted throughout the world. It certainly revolutionizes our current financial paradigm, because it is capable of filling in the gaps on our current use of banks and fiat. There is more control and security when using crypto --that's why it rocks! And the sooner we start using it, the sooner it can become a global virtual currency.
newbie
Activity: 12
Merit: 0
August 02, 2018, 02:19:07 PM
Your taught is not Satoshi's taught. His idea can be found in his white paper. To make peer to peer transaction effortless with the use of algorithm through blockchain.
newbie
Activity: 27
Merit: 0
August 02, 2018, 02:15:12 PM

It seems to me that the main goal of bitcoin is to create an alternative currency for making payments on the Internet, and also a new sphere for investment.
member
Activity: 420
Merit: 14
August 01, 2018, 11:12:39 PM
The main idea of bitcoin was to make an ordinary person financially independent of state structures and banks. Transactions in Bitcoin are conducted at any convenient time without any third parties and regardless of the existing borders of different states. Therefore, bitcoin should be used primarily as a means of payment, as virtual money. Using it primarily as a means of accumulating value contradicts the main goal of bitcoin.
newbie
Activity: 42
Merit: 0
August 01, 2018, 11:11:15 PM
I think Btc is made is to welcome the development of technology and the development of the times and Btc is the pioneer of digital currency the main idea of Btc is a place of investment by using the development of the era and technology it in my opinion
jr. member
Activity: 30
Merit: 2
August 01, 2018, 10:54:43 PM
By the time Satoshi created the Bitcoins, he had the ambition that, in the future, bitcoin would be worth the top in the economic market. And he succeeded, by the end of 2017, the value of the top bitcoin in all cryptocurrency, at about $ 19,000 a bitcoin.
member
Activity: 462
Merit: 10
August 01, 2018, 10:40:02 PM
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?

To answer your question, we need to go back to the basic concept from mr nakamoto in the whitepaper.
In bitcoin whitepaper (you can find if you google) explained that bitcoin is a payment exchange medium, software based online payment system.
So, the idea of bitcoin is to become a payment currency, decentralized and online, peer to peer without 3rd party (for reducing fee).
full member
Activity: 307
Merit: 100
August 01, 2018, 05:32:33 PM
Many people gave opinions in different ways. We do not know who Satoshi was? We are seeing its implementation,we do not know about his purpose. But Bitcoin gave – A Peer to Peer Electronic Cash System was posted to a mailing list discussion on cryptography. Although Bitcoin was the first established cryptocurrency.
Quote
Are we on a right way as Nakamoto visioned?
If we are not upset, we will stay on its way.
newbie
Activity: 291
Merit: 0
August 01, 2018, 05:19:09 PM
I believe that the main idea was to be able to easily and quickly transfer any amount to anywhere in the world just sitting at your computer. In General, in order to understand this, it is enough to read a white paper from Satoshi and get to the bottom of it.
newbie
Activity: 168
Merit: 0
August 01, 2018, 05:18:51 PM
I can not vividly point out but i can can probably relate to the fact that he must have had some challenges with government institutions like bank and with financial problems which really spear head the motive. Nevertheless, i think by reason of decentralizing bitcoin xould be one of his ideas which has be accomplished. With the issue of bridging the gap between the poor and the rich by bitcoin introduction, am yet to observe that.
full member
Activity: 395
Merit: 100
Market Integration Platform
August 01, 2018, 04:25:01 PM
 The main idea of Bitcoin is to be decentralised of all governments in the world and be only digital currency in the internet. People like to be Avenue in real world so they can use it.
jr. member
Activity: 224
Merit: 8
July 30, 2018, 09:58:07 PM
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?
Yeah this is somehow should be clarified on by Sathoshi nakamoto. His ideals should be clearly stated so as to let the clients or consumers in cryptocurrency be guided accordingly on how it should be use. Some of them had abuse cryptocurrency but the good thing is that cryptocurrency is being regulated already by the government.
member
Activity: 406
Merit: 10
July 30, 2018, 09:54:24 PM
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 primary idea of bitcoin was mr nakamoto wants to solving the high fees problem in the fiat currency by creating a digital currency that doesnt need 3rd party fee to operates. But this is cannot be achieved anymore because bitcoin price is already very high, so the fee too.
newbie
Activity: 10
Merit: 0
July 30, 2018, 09:44:34 PM
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 main value of the blockchain is decentralization and independence. I also think that Bitcoin's idea was based on the desire to create not just another "piece of paper" that represents real money, such as gold, but an analog of gold itself. Take those properties of gold, through which it is the ideal money, and make an electronic currency based on them.
Once Bitcoin is on the market, its value is determined solely by the level of trust in the system. The more people trust, the more Bitcoin will be bought, the more dollars will be invested in it and, as a consequence, the more expensive Bitcoin will be.
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