Topic: What was the idea behind the creation of Bitcoin? (Read 316 times)

with the number of users that registers in the forum everyday, the info could prove useful to them and it obviously opens the thread up to new replies as not very often are old threads being bumped for update.

We’ve been seeing threads like this and we just might have to be accustomed to seeing some more because, it ain’t stopping soon. You can always expect users to act their level of understanding as to what is perceived to be necessary or not.

1. Such posts as "SELL SELL SELL", "I agree", "+1", "Support", "Watching", "Interesting", "LOL", "SCAM", "LEGIT", "FAKE", other one word posts, posts consisting mostly of swearing, quote pyramids, useless introduction threads, threads about a topic already recently discussed in several other threads.

Like the one that talks about Airgapping an old desktop device.

Although anyone can start to learn Bitcoin or cryptocurrency at any stage, but the important thing to learn is the first concept: what led to creating Bitcoin and why it is different from other cryptographic assets. If someone learn those primary knowledges about Bitcoin, they will understand better, but some people only learn from the peak; they learn that Bitcoin can multiply your money without knowing how all that works. So many people have misconceptions about Bitcoin, and the reason is always that they did not learn much about it. I was not surprised when someone said that Bitcoin was created for investment purposes, but Satoshi did not mention that Bitcoin was created for investment purposes. People only took it like that because it has become an appreciated digital currency.

I don't think people are still don't understand what is Bitcoin and the use cases, after all you're keep repeating a common discussion over and over.

32 posts you posted in this forum are consist of 22 threads and 10 replies, there's no one force you to keep creating a new thread.

A lot of people talk about steps to becoming a good Bitcoin investor or tech bro in the crypto space. The point is how really can this be achieved?.well achieving this is not a very simple task , however there is a simple point to note.
To become successful in the crypto space you have to first understand the idea behind the crypto space (emphasis on Bitcoin).
The first question is what is the idea behind bitcoin. It may seem vague but it was this idea that prompted the pseudonymous entity Satoshi to create Bitcoin.
 This idea was;
 1. Creating a currency that was not controlled by any entity especially the government.This can be summarized as Decentralization in other words you are in total control of your assets.
 2. Creating a currency that would not require any means of identification.Making it quite impossible to totally track a user still making it possible to notice transactions by that user.This can be summed up as Anonymity.
3.Creating a currency as secure as possible.
With these being said,logically the main idea behind bitcoin is Anonymity,Decentralization  and Security.

Come to think of it ,understanding the reason something was created gives you the best sense of use and therefore an edge over others in the same space which in this case is the crypto space.

And most importantly Don't forget to keep your keys safe 😁

The reason behind the creation of this beautiful coin was that, the founder Satoshi wanted a decentralised mode of payment system. So he initially developed the idea of Bitcoins along with other few members. He was able to make a decentralised mode of payment which will be free from any governing body and will be free of taxes. Yes today we are using Bitcoins as something else. Now bitcoins are mainly used as an asset. People buying in cheap and holding it, and at last selling in high price.

 2. Creating a currency that would not require any means of identification.Making it quite impossible to totally track a user still making it possible to notice transactions by that user.This can be summed up as Anonymity.

Bitcoin was created for use as a currency to terminate the need for third party control by the government. That is reason for bitcoins, yet for many of us despite having this understanding, we have accepted that as the best use for our bitcoins for the now, we should be hodling it, keeping it as an investment instead of a currency. That was not the reason for bitcoins, but I will not see someone who always use their bitcoin to make purchase and never keeping any bitcoins, as having an edge over me that has decided not to use bitcoins yet for what it was created for.

A lot of people talk about steps to becoming a good Bitcoin investor or tech bro in the crypto space. The point is how really can this be achieved?.well achieving this is not a very simple task , however there is a simple point to note.
To become successful in the crypto space you have to first understand the idea behind the crypto space (emphasis on Bitcoin).
The first question is what is the idea behind bitcoin. It may seem vague but it was this idea that prompted the pseudonymous entity Satoshi to create Bitcoin.
 This idea was;
 1. Creating a currency that was not controlled by any entity especially the government.This can be summarized as Decentralization in other words you are in total control of your assets.
 2. Creating a currency that would not require any means of identification.Making it quite impossible to totally track a user still making it possible to notice transactions by that user.This can be summed up as Anonymity.
3.Creating a currency as secure as possible.
With these being said,logically the main idea behind bitcoin is Anonymity,Decentralization  and Security.

Come to think of it ,understanding the reason something was created gives you the best sense of use and therefore an edge over others in the same space which in this case is the crypto space.

And most importantly Don't forget to keep your keys safe 😁

-snip-

Come to think of it ,understanding the reason something was created gives you the best sense of use and therefore an edge over others in the same space which in this case is the crypto space.

For me, the idea behind Bitcoin creation is financial independence where people don't have to trust the third-party financial institution in transferring money.  It is all about the financial transaction freedom and the banking of the unbanked.

It is also stated that Bitcoin was created to be a currency to use for payments.