Topic: The primary idea of bitcoin - page 8. (Read 1355 times)
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.
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 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 believe he's a visionary who wanted to reshape finance industry, but what he did is actually reshaping the all industries thanks to the blockchain. I'm not sure he envisioned such a great impact of what he did
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 is a new type of money that can replace fiat money, can be controlled by the governments, can be used by anyone. 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 a peer to peer transfer of currency and an electronic payment system developed through computers all over the world using free software. Bitcoin was introduced by an unknown person or company named Satoshi Nakamoto . The transaction is made with no interference of a third party and it can be used to book hotels and purchase goods and services online and the payment is been done with ease and cheap internationally since there is no tie up with any countries.
In my views, the primary idea of bitcoin is for electronic payment using cryptographic methods during money transactions in a peer to peer technology. Bitcoin as a currency, I think bitcoin team is on the process of 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.
I think that the primary part of the debate is that a finite amount of Bitcoin will generated. And I think its very profitable and best work for our life.
The primary idea of bitcoin was to become a currency. Secondly to provide a society with free transactions that can be anonymous.
Government from any country may have hard time in tracing and adding of taxes in every transactions made.
Government from any country may have hard time in tracing and adding of taxes in every transactions made.
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 is to be a decentralized currency as p2p payments without the third party or the banks. Due to limited supply of bitcoin as it is a decentralized the investors had changed this idea into a digital assets in hopes that the price will skyrocket someday. Yeah, people will not use bitcoin as payments in a particular items rather they use it for trading and investing in ico. 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 history recorded it (and may come as a surprise to many), Satoshi Nakamoto's primary intention and idea was decentralization.
And over time, it became a success as we witness many others follow suit and ride on the idea of a decentralized system. In fact the idea was so brilliant that the FBI believed in bitcoin and now holds a good number of it.
And over time, it became a success as we witness many others follow suit and ride on the idea of a decentralized system. In fact the idea was so brilliant that the FBI believed in bitcoin and now holds a good number of it.
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?
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 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?
Bitcoin is introduced with the idea that a good currency is not controlled by the government or central bank or any institution. The financial crisis that has occurred some time ago confirms that the government is always negligent in maintaining economic stability. The government is always believed to be controlled by corrupt people and only works for personal gain, resulting in a lot of cheating of financial fraud, so bitcoin is created to create stability possible from financially so it does not occur so rarely between rich and poor , and this can also create economic stability.
I think that Satoshi Nakamoto was inspired by the ideas of the crypto punk community. The peer-to-peer system named as Bitcoin was designed to become a payment tool which competes to the traditional banks. Moreover, the genesis block of the blockchain contains the sarcastic proclaim concerned to the bank system, therefore I guess that the primary idea of Bitcoin is an opposition to the world traditional financial system which is sometimes manipulated by governments.
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.
The main idea of bitcoin is creating a currency that uses secure cryptography technology and does not require a third party (such as a bank) to perform transactions between users. So yes actually bitcoin is the idea originally wanted like money, which became a medium of exchange but with special advantages, ie do not need a third institution to verify the transaction.
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?
There are a lot of ideas to be made with Bitcoin from service payments to buying groceries, but most Bitcoin is made up of ideas for payment in many areas, Bitcoin is at # 6 on the list. the world and now is continuing to develop with very high success rate, I believe Bitcoin will go up next year 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 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.
The main idea of bitcoin is creating a currency that uses secure cryptography technology and does not require a third party (such as a bank) to perform transactions between users. So yes actually bitcoin is the idea originally wanted like money, which became a medium of exchange but with special advantages, ie do not need a third institution to verify the transaction.
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.
This is what leads me to believe that Satoshi will never touch his Bitcoins. He appeared to be totally against the financial regime and capitalism. Bitcoin is very Libertarian, and Satoshi himself owning such a large amount of the supply caused him himself to become what he is against. I do believe he has the private keys still, but I don't believe he will ever move his coins.
complete decentralization of the assets
I think the idea of making bitcoin is creating a decentralized coin. Thus immune to the manipulation of banks and government. Bitcoin appears in financial finance, so it is a way of creating coins that will give its users of hyperinflation and manipulation. You do not need a bank to hold your funds, and that will prevent them from using your money to speculate in the market without you knowing it.
I think the presence of bitcoin can provide an opportunity for anyone to try to invest so in that way they can seek income as big and make life more secure without any party that can hinder.
It's his personal understanding of money. Maybe the world needs the same currency, not every country.
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