Topic: The reason behind creating Bitcoin. - page 7. (Read 1338 times)
To give us back our financial freedom, freeing us from modern economic custody. And giving us the opportunity not to make us poor as quickly as it is happening...
I wouldn't be so paranoic about the conspiracies in the world. After all we are all people I suppose - not aliens. We all make mistakes and we are all driven by emotions including greed and pain. Some people are thirsty for power mainly due to the bad education they've received when they were little.
I do believe that Bitcoin has been created with the greater good in mind. From any perspective I look Bitcoin is the logical choice and next pass to make in the start of a modern era led by technology advancements.
I do believe that Bitcoin has been created with the greater good in mind. From any perspective I look Bitcoin is the logical choice and next pass to make in the start of a modern era led by technology advancements.
this is an interesting discussion, it looks like he satoshi made bitcoin for a reason also with the crisis problem in 2008 and it makes sense not far from the launch of bitcoin, but whether bitcoin is actually able to replace the performance of banks that have been in power all over the world then invite all people have banks for themselves using bitcoin, this reason makes sense
I still believe its part of having a financial evolution. But of course those reasons really matter. All the flaws and customer satisfaction issues are some of the factors as well. Many people will definitely looking forward for a better experience. As the world progresses and so with the technology, the financial market as well. Going digital is not possible for financial market without bitcoin and crypto currencies.
Do not forget about the speed and cost of international bank transactions - if you would like to send money, it can take even weeks (between 1st and 3rd world country banks) to handle the transfer, each corresponding bank has its own transfer fee (in some cases it can consume even half of the transferred amount!), if you miss a daily deadline - it might be that even in your own country money sent on Friday will not reach their destination by Monday.
With BTC you can send money much faster, wherever and whenever you want.
With BTC you can send money much faster, wherever and whenever you want.
If my memory serves me right, though Satoshi Nakamoto didn't give an exact specific reason on why bitcoin was created, Stoshi definitely gave a nod to the 2008 financial crisis through the genesis block[1], with the text: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks".
Whatever the reasons why Bitcoin was created doesn't really matter that much, as people will have varying opinions on what Bitcoin is specifically for in the first place. What matters more is that we now have a platform whereas people could take advantage of it whether as a way of having an online decentralized currency, a store of value, a complete replacement to central banking, you name it.
[1] https://en.bitcoin.it/wiki/Genesis_block
Whatever the reasons why Bitcoin was created doesn't really matter that much, as people will have varying opinions on what Bitcoin is specifically for in the first place. What matters more is that we now have a platform whereas people could take advantage of it whether as a way of having an online decentralized currency, a store of value, a complete replacement to central banking, you name it.
[1] https://en.bitcoin.it/wiki/Genesis_block
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?
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