Topic: The primary idea of bitcoin - page 7. (Read 1355 times)
I think the primary idea of bitcoin was to create a decentralized financial system where transactions of funds can be seen by everyone. This idea was might to solve the corrupt nature of the centralized financial system and also provide a medium to which exchange can be done in any part of the world...
That is why he created a digital currency that governments cannot control,so we can transact anytime as fast and as easy without governments knowledge.
In today's world that's not really the case anymore -- exchanges are subject to so many new regulations, that privacy isn't part of the deal anymore with how demanding exchanges are when it comes to our personal information. The majority of the people enter the market through a centralized exchange, where they happen to verify themselves at. As soon as you withdraw coins from your exchange, the coins have your taint on them and the exchange and potentially the government can keep following you endlessly. Bitcoin's blockchain isn't something that's hidden away from the public. All sorts of agencies around the world are upping their blockchain analysis skills. Enjoying actual privacy requires you to cut these centralized exchanges out entirely.
We can't really say what was exactly the original vision of Bitcoin for Satoshi Nakamoto. Some people say that Bitcoin Cash was his original vision, some that it is SegWit1x and the rest uses the same explanation for other hard forks. It would be very interesting to see Satoshi back in this forum when we will have a major problem. As far as I know, there is still his public key available somewhere so we would be able to validate if his account was hacked in such case.
indeed in this case we never know, how the vision of bitcoin. because the longer bitcoin is in great demand, it's also unknown if the bitcoin is much in the interest.For me bitcoin is like an asset it deserve to be keep even the price will decline and when the price back to incline you should know how to invest and make it progressive.
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 or main idea of bitcoins creation by Satoshi Nakamoto is the decentralization concept.We really can't deny the fact that governments take advantage on our taxes payments.Sad to say but corruption and under the table transactions happens,people were sick and tired of how the governments addresses different concerns and issues they're facing.That is why he created a digital currency that governments cannot control,so we can transact anytime as fast and as easy without governments knowledge. 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 of bitcoin is not for profit or for loss it simple the digital currency to perform some certain tasks and to transfer of amount but with the passage of time it must be used as for profit and to earn money.and for buying things.
Yeah I dont think the main goal was to make the world a more equal place (although it could have been) I too think the main goal was taking power away from a few hands and I think for the most part we have done that.
Sure there are big mining operations ongoing but that doesnt mean the level of decentralization is bad. I feel much more comfortable having my money in bitcoin than I do a traditional bank and that is due to the way the
network is setup. It is very secure and I couldnt envision the future of money any other way now
Sure there are big mining operations ongoing but that doesnt mean the level of decentralization is bad. I feel much more comfortable having my money in bitcoin than I do a traditional bank and that is due to the way the
network is setup. It is very secure and I couldnt envision the future of money any other way now
bitcoin is the pioneer of digital currency the main idea of bitcoin is a place of investment by using the development of the era and technology it in my opinion. making bitcoin to be the most valuable currency in the world where it's price value will hit to a high level mark and waiting for the bull market to take effect.
It should become a foreign currency, the idea should be so
the idea is simple, create a revolutionary way on how to digitally signature a transaction. And this is the blockchain. It just happen that files currency is the best way to implement this methos becuase it will require a greater security among others. for me the best that he created is the technology, that is why other company is exploring its utilization for other services.
Firstly, bitcoin's idea was to become a currency but now people perceive it as a magical asset that generates profit from nowhere so they keep it for exchange without spending.
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?
my opinion bitcoin is made is to welcome the development of technology and the development of the times and bitcoin is the pioneer of digital currency the main idea of bitcoin is a place of investment by using the development of the era and technology it in my opinion 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?
It was a good point that you had raised asking if we are on the path that Nakamoto had envisioned or hoped for. Being that its safe to assume that nakamoto is an intelligent individual or group of individuals, we can assume that it wouldn't be hard to guess at the computing costs of mining, as well as assuming that major mining operations would start popping up after BTC began to catch on. Not sure if saving the world’s poor was exactly an aim to begin with either.
according to Investopedia, Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.
Basically History of Bitcoin started in 2008 Satoshi Nakamoto (no one knows whether this is his real name or a pseudo name) developed a software with predetermined rules regarding generation of Bitcoins. He placed this software on open source in Jan 2009 and since then it became available to everyone with no one's claim to its ownership. Bitcoin is decentralised
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?
Mistakes are not on Nakamoto, but I think those mistakes lie in people who are not looking for information on economic technology development earlier, so they lose momentum to change the economy.
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.
First of all, the idea of bitcoin was to become a currency. Nowadays, everyone perceives it as some magical asset that yields profits out of nowhere. It's sad that people are afraid to spend bitcoins, because "it may be worth more in the future", so they just keep it in their wallets or speculate it on exchanges. I don't see many actual usages of bitcoin, there are not many shops or places where you can use it. Everyone sees bitcoin as successful because of it's price, but in my opinion it fails as a currency. The fees are high and there are no enough places to spend it.
I dont think so. I think it depends on the person who is holding their mobile wallet because for me, personally, I think there is nothing wrong with holding bitcoin in your wallets especially if it will really grows and help you lessen your spending because it is like a bank. But for me there are also occasions especially if the seller has his or her own mobile wallet I buy things using bitcoin. so what Im saying that it all depends on the individual. 
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. 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.
I strongly support your view. The primary goal was to bring a new revolution of digital money that would serve as an alternative to the already existing fiat monies which takes much time in completing transactions especially when it involves distance 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.
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?
The principles of bitcoin as you rightly said is redistribution of wealth and decentralization of the same. It give power of economics to the power because the rich can not control the blockchain. So making money available to every one is the key. I think we are inline with that despite all the troubles of early this year.
The main ideas implemented on bitcoin.org
It fast, p2p, cheap, secure transactions.
But sometimes its not fast and not cheap ))
It fast, p2p, cheap, secure transactions.
But sometimes its not fast and not cheap ))
is this kind of post get some merit?
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