Topic: The reason behind creating Bitcoin. - page 2. (Read 1318 times)
i believe Satoshi Nakamoto wanted to create a “trust-less” cash system. Satoshi explicitly stated that the reason for creating this digital cash system is to remove the third party intermediaries that are traditionally required to conduct digital monetary transfers.
BTC was intended to be a computerized money. Its highlights anyway are simply implied for the control of focal power and I surmise Satoshi was one of the individuals that were tried during the 2008 monetary accident that is the reason he delivered it. Presumably to keep the accident from repeating again on the grounds that it wasn't only the first occasion when that it occurred.
Bitcoin was created to provide anonymity, anti-fraud, and fast money transfers. Currently, the anonymity feature has been taken down from the Bitcoin referral website because we can get the send and receive addresses. Bitcoin's rapid pace also makes a difference because there are too many people using bitcoin and that creates congestion.
Before the advent of Bitcoin, there were many studies related to the creation of Blockchain. It was Satoshi who brought the ideas together and created Bitcoin. Even though the technical problems of Bitcoin have been seen so far, I believe Bitcoin continues to be the best cryptocurrency to use.
Before the advent of Bitcoin, there were many studies related to the creation of Blockchain. It was Satoshi who brought the ideas together and created Bitcoin. Even though the technical problems of Bitcoin have been seen so far, I believe Bitcoin continues to be the best cryptocurrency to use.
Or maybe, Bitcoin was really meant to be created because of the advancement of technology. Based on what I observed, bitcoin started the revolution for digital currency. Currencies that are immutable and transparent, maybe from the beginning we can see banks showing signs that they are against bitcoin, but as time passes by, the saying "If you cannot beat them, join them" is what the current financial system is doing. Perhaps, they are implementing various systems that might not beat bitcoin, but to somehow have control over it. So for me, the reason why bitcoin was created is for people to think, and to strive to achieve the freedom to control their money. If we are going to allow the financial institutions to enter bitcoin, I don't think we really understand the reason why Bitcoin was created.
Maybe Mr. Satoshi Nakamoto also foresaw that bitcoin will be a big help for the future and might even be the future currency for all over the world. He manage to know what bitcoin can do for the future because it is very easy to access and transfer to the point that you can transfer money in just a minute. If you can realize, a single human being can make the future better then you can also have a good future for yourself. Everyone of us has a different dreams but all of us wants to earn and bitcoin is the solution for that. 
I still believe that Bitcoin was created by the banks as an experimental project to test public opinion in preparation for a reset of the failed fiat systems. The mining cap, and the long block generation times were designed to prevent it ever having mass adoption as an everyday payment system. It has been a stunning success, and now the bankers are busy soaking up all the coins they can find to further reduce its appeal, and to make massive profits. This is great news for those of us who are still riding the wave.
In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.
So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?
So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?
Maybe it started with Blockchain Technologies since that is where Bitcoin is mostly developed. It also started when people wanted a way to pay anybody without cash and that might started Bitcoin thus, the Cryptocurrencies. At first it was not expected to blow up since some guy bought some pizza with a lot of Bitcoin but as time passes by, Bitcoin is dubbed as one of the best creation in the digital world..
Or maybe, Bitcoin was really meant to be created because of the advancement of technology. Based on what I observed, bitcoin started the revolution for digital currency. Currencies that are immutable and transparent, maybe from the beginning we can see banks showing signs that they are against bitcoin, but as time passes by, the saying "If you cannot beat them, join them" is what the current financial system is doing. Perhaps, they are implementing various systems that might not beat bitcoin, but to somehow have control over it. So for me, the reason why bitcoin was created is for people to think, and to strive to achieve the freedom to control their money. If we are going to allow the financial institutions to enter bitcoin, I don't think we really understand the reason why Bitcoin was created.
There can be an enormous reason to establish BTC. Some of them are available from banks over maintenance. Economic development is a prominent validity to establish cryptocurrencies. Satoshi feels the importance of having a turning point that's can formulate the world simpler, faster, closer for the investors and financial persons. It virtually provokes the possibilities of decentralization of money. It is a portion of Globalization that compels the economy more versatile.
This is a fascinating conversation, it would seem that he satoshi made bitcoin for an explanation likewise with the emergency issue in 2008 and it bodes well not a long way from the dispatch of bitcoin, yet whether bitcoin is really ready to supplant the presentation of banks that have been in power everywhere on the world at that point welcome all individuals to have banks for themselves utilizing bitcoin, this explanation bodes well.
Re: The reason behind creating Bitcoin.
To accelerate the development of quantum computers.
Satoshi mined a lot of Bitcoins to P2PK addresses and didn't transact them to quantum resistant P2PKH addresses.
He knows that whoever can build a quantum computer will be able to get these coins.
An incredible reward.
To accelerate the development of quantum computers.
Satoshi mined a lot of Bitcoins to P2PK addresses and didn't transact them to quantum resistant P2PKH addresses.
SHA256 is not going to be broken by Moore's law computational improvements in our lifetimes.
Why?He knows that whoever can build a quantum computer will be able to get these coins.
An incredible reward.
In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.
So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?
every opinion on this one will be count in because satoshi never mentioned any specific reason why he create this ,either to really help people or to help himself who would know?So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?
but as far as this is helping us and we are benefiting from crypto,let us be thankful for what he did and gives us.
In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.
So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?
every opinion on this one will be count in because satoshi never mentioned any specific reason why he create this ,either to really help people or to help himself who would know?So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?
but as far as this is helping us and we are benefiting from crypto,let us be thankful for what he did and gives us.
I think the reason for the creation of bitcoin is to create a decentralized currency that provides privacy, transparency and freedom
to control our own money. So with bitcoin we eliminate third parties like banks. So it is more efficient and effective. It has been
proven that being created with bitcoin has made a major contribution to the world economy, many people who know bitcoin can
improve its finances. Because excess bitcoin can generate profits if used trading.
to control our own money. So with bitcoin we eliminate third parties like banks. So it is more efficient and effective. It has been
proven that being created with bitcoin has made a major contribution to the world economy, many people who know bitcoin can
improve its finances. Because excess bitcoin can generate profits if used trading.
many reasons for making crypto (bitcoin) besides the reasons you mentioned, Bitcoin is one of the implementations of perfect transaction security. network transactions quickly, and maintain user privacy. in general, with the currency of bitcoin, all countries will have equal values. but this is not easy, because large countries do not want to lose world economic power. yeah, you are right. bitcoin was created to prosper all countries, so there is no economic pressure on the weak.
in my opinion, bitcoin is made because of the increasingly sophisticated world of technology today, so we also need transactions that have technological advances, and are digital, and there are no third parties, so that is made bitcoin, a trusted digital currency .. !!
It should have a reason and enough for the creator to think differently based on his ( Satoshi) market experience. It eventually escalates the system and has a huge effect on the market side and as well as how it helps to improve the economic system globally.
We have already witnessed its applicability and quite satisfying that everyone could adopt and use it regularly as another option over fiat money.
We have already witnessed its applicability and quite satisfying that everyone could adopt and use it regularly as another option over fiat money.
Satoshi started working on Bitcoin long before the financial crash. His drivers were developing technological tools for governmental and monetary 'Change' loosely aligned with the cypherpunk movement.
Think about how hard it was and still is for normal people in authoritarian and corrupt countries / systems to fund and drive change for the better of the masses. One of my favourite Satoshi quotes:
Think about how hard it was and still is for normal people in authoritarian and corrupt countries / systems to fund and drive change for the better of the masses. One of my favourite Satoshi quotes:
Quote
https://www.metzdowd.com/pipermail/cryptography/2008-November/014823.html
>[Lengthy exposition of vulnerability of a systm to use-of-force
>monopolies ellided.]
>
>You will not find a solution to political problems in cryptography.
Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.
Satoshi
[\quote]
And it should be noted the 'leap of faith' in creating Bitcoin was an intellectual challenge that Satoshi accepted upon the presentation of the double spend problem in 2004/5.
>[Lengthy exposition of vulnerability of a systm to use-of-force
>monopolies ellided.]
>
>You will not find a solution to political problems in cryptography.
Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own.
Satoshi
[\quote]
And it should be noted the 'leap of faith' in creating Bitcoin was an intellectual challenge that Satoshi accepted upon the presentation of the double spend problem in 2004/5.
Bitcoin is not only the result of an economic response. You need to investigate the Cyber Punk movement. For years, people offered different arrangements for money. But for a more livable world, a fair distribution was needed. Existing power owners did not want to share this money. Economic status or social status is very important for some people. Now an alternative world can be created.
Not to be a conspiracy theorists but I think it couldn't have come at a better time. I really don't think Satoshi Nakamoto is one guy (not to discredit him in any way) but a group of like minded people who created this technology to insinuate change. The part that gets me is the fact the whole project is open source and nobody has touched the Bitcoin wallet, the funds are still there. 
Spooky if you ask me, because great acts of selflessness and generosity are a rarity in today's world.
With how you see the main cast between this project, it's really something that can be assume that there's people around this and not only a single Spooky if you ask me, because great acts of selflessness and generosity are a rarity in today's world.person who created the system itself. But due to common interest and good working value they've brought something unique and useful to the mainstream
society that we are all enjoyed to use.
Not to be a conspiracy theorists but I think it couldn't have come at a better time. I really don't think Satoshi Nakamoto is one guy (not to discredit him in any way) but a group of like minded people who created this technology to insinuate change. The part that gets me is the fact the whole project is open source and nobody has touched the Bitcoin wallet, the funds are still there. Spooky if you ask me, because great acts of selflessness and generosity are a rarity in today's world.
Spooky if you ask me, because great acts of selflessness and generosity are a rarity in today's world. Jump to: