The primary idea of bitcoin - page 6.

Jcag07

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Quote from: codem0nkey on October 31, 2017, 01:33:23 PM

I think the main goal was decentralization, which we are accomplishing nicely.

the primary idea of bitcoin is to be a legal currency. and i hope many establishments will accept bitcoin as payment. there some establishments who are accepting now bitcoin as payment. i hope it continously growing until bitcoin becomes a legal currency. and i hope bitcoin will be decentralized financial system and it fully develop.

Dynamist

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Quote from: Platonicus on October 31, 2017, 01:32:22 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 idea is to create a form of currency in the digital world. Nakamoto created Bitcoin for the sole purpose of a decentralized system in which people can utilize it for transactions,payments, currency exchanges and transfer of money with the help of blockchain technology. This enabled users to conduct these procedures without the involvement of a third party. Like what banks does. Bitcoin's quantities are also limited in supply that is why it's current value is unstable and may varies on its supply and demand situation.

K.Tumpa

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Bitcoin primary ida most important the user.Bitcoin Is crypto currency from world wide.It's world wide business.
Most people earning bitcoin but Most people bitcoin isn't knowledge.people Very important Bitcoin primary ida.
Primary ida bitcoin experience. The primary ida of bitcoin better Bitcoin user. So I there for bitcoin is primary ida all people important.

Armstand

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Quote from: LangleyMccarty on June 06, 2018, 02:21:00 AM

to give people some alternative to traditional fiat currencies and centralized finances.

NOT just alternative but to completely destroy the centralization on market. The main idea of bitcoin is transferred P2P without any middleman and be transparent on every transaction unlike banks which charges a lot of fee and hassle in every transaction.

Kristy22

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Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.

The Bitcoin network is designed to mathematically generate no more than 21 million Bitcoins and the network is set up to regulate itself to deal with inflation. Bitcoins can be spent by initiating a transfer request from a Bitcoin address in the customer's wallet to a Bitcoin address in the vendor's wallet. As of this writing, one Bitcoin (also called a BTC) is worth $104 -- but just as with stocks, the value of Bitcoins can fluctuate quickly.

joshb028

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I think the primary idea of bitcoin is to let everyone experienced what Mr. Satoshi Nakamoto experienced. If we can remember, Mr. Nakamoto who was our founder has a huge amount of bitcoin in his account and since he wanted to share them then he created the forum to extend the opportunity for us who believed and have already accessed from it and also for those who are still coming in the forum.
That is why we have to thank Mr. Nakomoto because of his unselfish decision which to share us the bitcoin

LangleyMccarty

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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.

jaaeeeyyyy

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Quote from: codem0nkey on October 31, 2017, 01:33:23 PM

I think the main goal was decentralization, which we are accomplishing nicely.

Yeah and it is going well now. Satoshi created bitcoin running on decentralized system so the government cannot rule its cap and price, Nakamoto knew that cryptocurrency will be the future of currency He also knew that our technology would be great for this kind of project of him to adapt and develop his creation.

LeGaulois

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Top Crypto Casino

Quote

Bitcoin is the first implementation of a concept called "cryptocurrency"

Bitcoin isn't the first crypto currency, there are several before. You have to take a look decades ago. The base of Bitcoin starts before Satoshi. The Cypherpunks and crypto-anarchists were the first to advocate privacy. Motivating people to write encryption programs to protect themselves in a Manifesto http://nakamotoinstitute.org/cypherpunk-manifesto/

Before Bitcoin we had several digital currencies, Nick Szabo is one of the first when he created Bit Gold.

Satoshi proposed Bitcoin in 2008 at the same time of the financial crisis in 2008 with the message "Chancellor on brink of second bailout for banks" https://www.thetimes.co.uk/article/chancellor-alistair-darling-on-brink-of-second-bailout-for-banks-n9l382mn62h

Most people interested in the project were cryptographers, Cypherpunks, and crypto-anarchists since privacy is their Moto.

Danlopz

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Quote from: Dudeperfect on May 04, 2018, 11:25:17 AM

The primary idea of Bitcoin is providing a platform based on the decentralized technology to send payments from one point to another without relying on the third party. If I am sending $1 Million to someone through the traditional payment system, I will find myself under the radar of the multiple investigation agencies even though I have submitted tax paid receipts and KYC details. That's happening in most of the countries, whereas in Bitcoin, no one would as you to show paperwork. If you have funds, you can do whatever you want 24*7 without relying on anyone else.

Bitcoin is the first implementation of a concept called "cryptocurrency", first described in 1998 by Wei Dai in the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control manufacture and transactions, instead of using centralized authority. The first Bitcoin specification and proof of concept were published in 2009 in a cryptographic mailing list by Satoshi Nakamoto. Satoshi left the project at the end of 2010 without telling much about him. Bitcoin community is growing rapidly as many developers are working on Bitcoin. Satoshi's anonymity often leads to false concerns, mostly related to a misunderstanding of the nature of open source-based Bitcoins. BItcoin protocols and software are publicly published and developers from around the world can review the code or create their own modified version of Bitcoin software. As with current developers, Satoshi's influence is limited to some of the changes he created and adopted by other developers, and he does not control Bitcoin. Thus, finding the identity of the inventor of Bitcoin is now just like finding the identity of the inventor of the newspaper.

hanapertiwi

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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..

CurrenCyTRR

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it's quite unreal

lekmaria

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I think, bitchoins is decentralized financial system

sungaiyangderas

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I think Satoshi has no big plans for bitcoin as it has developed now, Perhaps the idea is to introduce new technologies and some virtual currency in a new virtual era, to give people some alternatives to traditional fiat currency and centralized finance.

vhhjhju

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I think that bitcoin is a good thing that can change the state of our lives. It can help us solve many financial problems, at least for us to reduce the gap.

masudginanjar

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perhaps such an interpretation is unfavorable to me, because Bitcoin is created to replace paper and metal into digital money.

to facilitate transactions and finance in the future. and have a sophisticated security that can not be falsely.

fuer44

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I further argue is to facilitate online transactions, with a new technology called blockchain that makes it easier for its users. and in the future, we can create transactions worldwide using bitcoins.

Caelanpelley

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Bitcoin wants to become the official currency. If it achieves that bitcoin will be used in every spending of life. This currency is both valuable and highly profitable in trading.

abderrazak belkhir

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I think that the main idea of bitcoin is about the E-Commerce...nakamoto maybe think that the bitcoin will make the E-Commerce Easier

SportbetMaster

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https://assetsplit.org/

Bitcoin was developed following the 2008 liquidity crisis, which was quickly rejected by the world's major banks to defend their interests and their total control of the currency, unlike the bitcoin known to be decentralized, which seduce a minor part of the world populations and continues to attract more and more people.

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