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Topic: The primary idea of bitcoin - page 4. (Read 1355 times)

jr. member
Activity: 197
Merit: 1
July 30, 2018, 04:30:58 PM
I think that the  primary part of the debate is that a finite amount of Bitcoin will generated, it's very nice work. Grin
member
Activity: 260
Merit: 10
July 25, 2018, 05:36:17 AM
I have seen a post from one Russian guy who claimed to find a real person which is acting in name of Satoshi Nakamoto. It appears to be a strange guy from china, who studied at the coast university at 2009.
hero member
Activity: 826
Merit: 501
July 24, 2018, 05:24:04 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?
As we all see and wanted the decentralization concept that in which the government and the banks were afraid of..and i think they are most affected of when all people started to adopt the existence of cryptocurrencies.
member
Activity: 152
Merit: 10
July 24, 2018, 05:23:33 PM
This is more than sad, but the primary idea of bitcoin was not supposed to be like it is at the moment, because everybody consider bitcoin as a money machine at the moment.-
newbie
Activity: 55
Merit: 0
July 24, 2018, 05:19:44 PM
Bitcoin was created to facilitate electronic payment method that takes place through the peer-to-peer technology to make transactions by using cryptographic methods in which no other third party was involved. It can used by everyone with no control of others. It is simply the internet cash through which the transaction of the payment will take place simply and easily. The network nodes will verify these transactions and will be registered in blockchain named as the public distributed ledger.
sr. member
Activity: 812
Merit: 262
July 24, 2018, 04:59:51 PM
as in my opinion so the main idea of bitcoin is first of all new money and then already as an asset, and it's not for nothing that bitcoin is called digital gold, because bitcoin is a new and unique type of money compared to other currencies! Which will soon show the whole world and all people will use the bitcoins!
The primary idea of bitcoin why satoshi made it was not as a currency but for transaction purposes. He wanted to have one way of payment where only one party need to pay for every transaction that will be made. But as ghe time goes by it was being develop and become more useful. Year by year its value was increasing even until now.
newbie
Activity: 49
Merit: 0
July 24, 2018, 04:59:13 PM
The situation we have today is very different from what the idea of Satoshi could have been. People are more interested in enriching themselves today. Besides, it is the rich who profits most than the poor.
member
Activity: 115
Merit: 10
July 24, 2018, 04:52:46 PM
The primary idea of   ‎Satoshi Nakamoto was to make a digital currency which is decentralized and can be used to make transactions from any part of the world. He wanted to solve the limitations of physical fiat used and also provide a system which can't be corrupted.
newbie
Activity: 140
Merit: 0
July 24, 2018, 03:48:55 PM
as in my opinion so the main idea of bitcoin is first of all new money and then already as an asset, and it's not for nothing that bitcoin is called digital gold, because bitcoin is a new and unique type of money compared to other currencies! Which will soon show the whole world and all people will use the bitcoins!
newbie
Activity: 50
Merit: 0
July 24, 2018, 02:35:35 PM
Hello Everyone, in my opinion, Bitcoin has a very powerful purpose to serve in this economical growing world. where everything is running financially. The sole purpose of Bitcoin is to compress money in a small matter where most of the finances are under a small coin Digitally.The situation is much similar if we consider other objectives of Bitcoin but we can hope it will change much in the near future due to huge attraction among general public into the cryptocurrency world.
jr. member
Activity: 182
Merit: 2
July 24, 2018, 02:21:51 PM
I think the primary idea of bitcoin is to reach out to all countries across  the world for business transaction and to gain more profits.
newbie
Activity: 98
Merit: 0
July 22, 2018, 08:30:34 AM
I my opinion, the primary & main objective of bitcoin is a decentralized concept to lessen any authentication of the user so that no one can dictate any transaction within. On the other hand, the use of bitcoin is changing over a period of time. Nowadays bitcoin used in different modes of payment.
newbie
Activity: 31
Merit: 0
July 22, 2018, 08:16:21 AM
From the time you were born you have arisen and are owning some of your country and government debt. I think that is the main goal of Bitcoin. Bitcoin has become a means of payment in steam games, but after bitcoin prices are down, they no longer use it again. That's because bitcoin is now a profitable digital asset because its oscillation and downs are very significant.
newbie
Activity: 168
Merit: 0
July 22, 2018, 05:56:50 AM
Actually, i believe the decentralized dream of Nakamoto is still on course and for if bitcoin continues for a long time we might see a true bridge in the gap of the poor and rich. This digital currency will bring a sign of relieve to the world as a whole.
newbie
Activity: 7
Merit: 0
July 22, 2018, 05:55:33 AM
Decentralization. And putting the financial power back in the hands of the people.

And offer a relief from the unfair financial system
member
Activity: 205
Merit: 10
July 22, 2018, 05:44:25 AM
I think that the primary idea of btc is to get it for the long-term hold. I think that it is better to get it for about one year and wait until the price becomes stable and improve compared to the primary idea
newbie
Activity: 14
Merit: 0
July 22, 2018, 05:40:51 AM
Nakamoto primary idea was create a new digital currency that is not physical like fiat currency also he want to come with a new technology of virtual currency which peoples can easily access by internet and store online. Ur theory of equality of society is not right because he only think about technology and if we see today condition peoples who have money then they can buy bitcoin, how poor peoples can buy 7000$ of bitcoin.
member
Activity: 630
Merit: 20
July 22, 2018, 05:07:10 AM
Nakomoto thought something that will change the world by giving out some sort of advanced technology using cryptocurrency. I have seen how great and how far this technology been doing in someone's life with paperless transactions.
jr. member
Activity: 79
Merit: 1
July 22, 2018, 12:07:59 AM
Another goal is to reduce the gap between the poor and the rich in society without achieving some expansion because today we find that most of the bitcoin owners do not hold until it reaches the potential. Full of financial problems but rich have that problem so they have the ability to invest and hold long term bitcoins. I think most importantly, the possibility of bitcoin is ending with cash. Unfortunately, individuals do not want to spend bitcoin, with the light of the fact that "it may be worth more after this," so they simply keep it in their wallet or conjecture it on the deal. . Everyone sees the bitcoin is effective on its account of the cost, however as I will see it flops as a money.
newbie
Activity: 1
Merit: 0
July 21, 2018, 09:05:07 PM
Yes, many kinds of coins and many airdrop appear with interesting project but through the time I do this job, I just see that people join airdrop to get money but not use it to support our society. I'm so sad about this fact.
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