Topic: The primary idea of bitcoin - page 9. (Read 1355 times)
like many are written in some articles or in some sources. Satoshi's main idea is how people can transact directly with crypto currency without any peer-to-peer authority. With Blockchain technology, Bitcoin can be obtained by mined. so essentially to facilitate the transaction, so we do not have to bother with carrying a lot of money.
I think the main goal was decentralization, which we are accomplishing nicely.
Year right the main objective of bitcoin is a decentralized concept to lessen any authentication of the user. Also, no one can dictate any transaction within. On the other hand, when time goes by there is changing the use of bitcoin. Nowadays bitcoin used in a different mode of payment. Used in peer to peer digital transaction to and etc.
Bitcoin's price is also quite dependent on the size of its mining network, since the larger the network is, the more difficult and thus more costly, it is to produce new bitcoins. As a result, the price of bitcoin has to increase as its cost of production also rises. The Bitcoin mining network's aggregate power has more than tripled over the past twelve months.
Bitcoin is created to take war with the monopolised financial system that we have for decades. The banking system that is widely corrupt and been used to oppress the poor and give much advantages to the riches. It is a revolutionary way of saying we don’t need them because we can earn by our own without the government and the bankers help. If it goes to show this factors, this currency will be the equilibrium between a poor and from the rich.
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.
You are mistaken here - there is no way that anyone can create a world of economic equality without a consensus of rich people.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.
While it is true that some early adopters gained tremendous wealth by following bitcoin - but that is still only a drop in the bucket.
There is no way that bigger picture will change, ever - rich people will be richer and poor people, poorer. Bitcoin won't change that it is not a miracle maker.
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.
I think satoshi wanted to make a decentralized crypto currency and now we have found it. Seems that he wanted a currency which is technology based but in this time it is the world most valuable crypto currency. His creation is now successful.
Bitcoin is created to take war with the monopolised financial system that we have for decades. The banking system that is widely corrupt and been used to oppress the poor and give much advantages to the riches. It is a revolutionary way of saying we don’t need them because we can earn by our own without the government and the bankers help. If it goes to show this factors, this currency will be the equilibrium between a poor and from the rich.
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.
Sathosi Nakamoto wanted to separate government from money.
The goal was creating a decentralized, peer-to-peer currency.
I don't think he intended to create new millionaires, that is just a side-effect.
But to be honest I think that the early investors deserve to get rewarded, because they made this project huge.
The goal was creating a decentralized, peer-to-peer currency.
I don't think he intended to create new millionaires, that is just a side-effect.
But to be honest I think that the early investors deserve to get rewarded, because they made this project huge.
Bitcoin is a currency.You can mention it as a modern currency.Bitcoin is approximately like other currencies in the world.But the price of bitcoin is much higher than the others.The price of it is increasing too.We can buy or iinvest bitcoin,hold them,sell them when the price increases,trade them and can shop by them without expressing self identity from any corner of the world.But,it is still illegal in most of the countries in the world.
Bitcoin is a digital or online currency. However, its means of being made and being earned is different from the usual paper money used in the market. It's similarity as a currency comes from the idea that it can be used to buy things or pay for a specific service. Its transfer, although done through transaction from wallet to wallet, is different because what's being passed is data and not "real" money itself. Therefore, it can be used all over the world without need of exchanging it for another currency that is used in that respective country. Like many answers, it is more convenient and a more decentralized way of using a medium of currency.
It seems to me that Nakamoto himself did not envision all the possibilities of bitcoin. Now from the bitcoin code many different crypto-currencies arise and are created, with various ideas and economies. This huge scaling of our technological world, a step into the future of the whole society. But the main ideas are decentralization, independence, security, speed, anonymity, low price when transferring money. 
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 main goal is to become decentralized. No one person should hold the power to control its price and its rules. Yes, bitcoin right now is kinda hard to get as so many early adopters are holding a big part of it. But I think they deserved it. They are the pioneers, and the one who truly believe in bitcoin. They entrust their money to bitcoin hoping that it will bear fruit. I think we should not worry about them or people around us. Bitcoin is for everyone. If you really work hard, you'll gain it. Just like them. Don't think that they don't work hard for it that's why they became rich. We got the benefits of this crypto, we got a side line work, a new system and a very big community. We should be happy and wait for what will happen in the future.
A helpful vision of system currency in general use in a particular technological age, like online transaction.
Its create to have conveniece in life and to have good ideas in different person and country.I think bitcoin will have future because its already authorized in the world as good digital money and for easy transaction.Bitcoin is like a thing that you can't imagine that exist because you can't see it and you dont have any idea where this thing will go
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?
According to my basic research and study in this field to find out that what was the basic idea of the bitcoin , that was totally different .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 found a article ( that seems real ) in that article it was mentioned that to make the bitcoin was not the made for the trading and make Cryptocurrency market but that was only the talent of the mr. Satoshi nakamoto to show that he can develop a algorithm that is more better than another banking system that we have in our practical life . But time to time people started thier own technology of new new coin and that made the people to found a way of making investment in different different coins and make earnings easily .
Currently , here I can say that the main basic aim got completed that time easily and now the primary idea is totally deflected from the main path , overall people are using bitcoin for the best purpose and probably in the future bitcoin will be only the main coin for the buy and sell things instead of fiat cash or fiat payment .
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?
Yes you are right the primary idea of bitcoins to make someone rich its actually going to provide opportunity for the people to stand by on his legs and I think everyone must take advantage from it because bitcoin is full of good qualities and now a days it’s very hard to find such a crypto in this world and bitcoin have all these qualities.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?
Therefore one must believe in Bitcoins and try to buy more and more of them storing these in the online wallet and securing their future indeed.
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?
Yes you are right the primary idea of bitcoins to make someone rich its actually going to provide opportunity for the people to stand by on his legs and I think everyone must take advantage from it because bitcoin is full of good qualities and now a days it’s very hard to find such a crypto in this world and bitcoin have all these qualities. 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 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
Bitcoin's main idea is to decentralize the economy and support the current currency of the country. In my opinion, it is also important to help people who want to work in one way or another.
They basically made this decenralized democratic economy with the implementation of bitcoin. We all have access to it and anyone on this world can benefit from this environment. That was the main idea of bitcoin.
He wanted a way to transact without relying on trust. He wanted to take out central banks from the equation. You can google his whitepaper. He explains it pretty well.
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