Topic: Why bitcoin is created? (Read 2556 times)
I think bitcoin was created to make our lives easier. And its technology is really capable of that.
Bitcoin is digital currency or known as the father of all crypto currency that has the potential to become the new money or the electronic money around the world. Bitcoin is also the most expensive digital coin and it is almost compare to the gold but why bitcoin is created?
Here are some reason :
* To change the perception of all people about the digital currency.
* To improve the payments and transactions and in the internet world.
* To become the image of money around the world.
* To protect or hides the identity of the user, for security purposes.
* To give an opportunity to all people around the world to earn a secondary income.
* To upgrade the currency because everything in this world is now upgrading.
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To have a futuristic world. And make our countries become better when it comes to business and some cases. Cryptocurrency will become higher because of this. It gives an opportunity to those people who are in need . Here are some reason :
* To change the perception of all people about the digital currency.
* To improve the payments and transactions and in the internet world.
* To become the image of money around the world.
* To protect or hides the identity of the user, for security purposes.
* To give an opportunity to all people around the world to earn a secondary income.
* To upgrade the currency because everything in this world is now upgrading.
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Since banks started printing more money than they had gold to begin with central monetary system was invented. Central banks were managed by governments. So, governments could print as much money as they want. To justify this creation of value without any background to it, prices kept raising every year, although the evolution of technology should have made prices go down. Basically, society needed an alternative to the regular financial system through which people could trade. Now, everyone can try his luck with day-trading, mining, etc. Important part is that today we have stabile digital currency that is used all over the world for transactions of all sorts.
Satoshi Nakamoto invented Bitcoin in 2008 because the banks thought it would be a good idea to deliberately crash the world's financial system and bet on it crashing. So, the banks did crash it, and millions of people ended up getting hurt. That's why you see all those hungry and confused people living on the streets with eyes like broken Christmas lights. The solution Satoshi Nakamoto came up with was to dis-intermediate the banks entirely so people could stop being robbed at every turn, and start getting their lives back. He was so mad at seeing the banks deliberately hurt all those people that he came up with his own money that didn't need the banks to function. That new digital money was called Bitcoin.
Bitcoin is digital currency or known as the father of all crypto currency that has the potential to become the new money or the electronic money around the world. Bitcoin is also the most expensive digital coin and it is almost compare to the gold but why bitcoin is created?
Here are some reason :
* To change the perception of all people about the digital currency.
* To improve the payments and transactions and in the internet world.
* To become the image of money around the world.
* To protect or hides the identity of the user, for security purposes.
* To give an opportunity to all people around the world to earn a secondary income.
* To upgrade the currency because everything in this world is now upgrading.
SHARE YOUR THOUGHTS
If this post is worth of your merit, Thank you
Here are some reason :
* To change the perception of all people about the digital currency.
* To improve the payments and transactions and in the internet world.
* To become the image of money around the world.
* To protect or hides the identity of the user, for security purposes.
* To give an opportunity to all people around the world to earn a secondary income.
* To upgrade the currency because everything in this world is now upgrading.
SHARE YOUR THOUGHTS
If this post is worth of your merit, Thank you
In my opinion, Bitcoin created to help people, to change their lives forever, it give us hope so that it will help stop poverty specially to those who are poor, and Bitcoin helps a lot of people and many of them now are rich because of it.
Bitcoin is digital currency or known as the father of all crypto currency that has the potential to become the new money or the electronic money around the world. Bitcoin is also the most expensive digital coin and it is almost compare to the gold but why bitcoin is created?
Here are some reason :
* To change the perception of all people about the digital currency.
* To improve the payments and transactions and in the internet world.
* To become the image of money around the world.
* To protect or hides the identity of the user, for security purposes.
* To give an opportunity to all people around the world to earn a secondary income.
* To upgrade the currency because everything in this world is now upgrading.
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Bitcoin was also created offer a revolutionized security, owner controlled, and speed in all payments and financial transactions, thereby offering financial satisfaction to the people. The Blockchain technology that comes with it offers a mode of connection and keeps record of all transactions on a ledger to ensure easy tracking of payments/transactions. Here are some reason :
* To change the perception of all people about the digital currency.
* To improve the payments and transactions and in the internet world.
* To become the image of money around the world.
* To protect or hides the identity of the user, for security purposes.
* To give an opportunity to all people around the world to earn a secondary income.
* To upgrade the currency because everything in this world is now upgrading.
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I do believe that the only reason for Bitcoin's innovation was gaining the control on our values unlike illusion of fiat currencies. Bitcoin is not a technology but a philosophy of decentralization that takes away the power and control from centralized authorities and transferring it to the users. It provides many benefits as compared to that of traditional centralized systems. Yes, we have some issues with Bitcoin/crypto now but we are still in the development phase and things are yet to improve and we are in that process of improvisation.
it is obvious that bitcoin was created to simplify our lives and make it much better.in addition, bitcoin is a job for everyone who wants to do it
Bitcoin was created to meet the needs of people, enabling them to pay for services quickly and conveniently. Bitcoin is supported by modern blockchain technology. In the future I think the price of bitcoin will be higher and higher.
Bitcoin is created for us to have a digital money which we can cash out anytime we want. Improve the payment and transactions by means of paying using the mobile phone since mobile technology is very rampant in todays world.
Bitcoin is a cryptocurrency and worldwide payment system. Bitcoin is created worldwide for me, for you, for him, for her for them and for all the people who are involve and doing bitcoin in order to help us improve our lives.
Bitcoin was created to change the perception of all people about the digital currency and to improve the payments and transactions and in the internet world; to become the image of money around the world; to protect or hides the identity of the user, for security purposes; o give an opportunity to all people around the world to earn a secondary income; to upgrade the currency because everything in this world is now upgrading
The bitcoin was created because of those people who really needs a money, a people want to have an extra income and people who wants earn a money for their life in future, but before you have all of that if you have an ideas about bitcoin. You will study about bitcoin, search about bitcoin, survey to some people who know bitcoin because of that your knowledge became improve.
bitcoin is made first for agreement organizing purposes that empowers new installment frameworks and completely computerized cash. Bitcoin is the primary decentralized shared installment arrange that is completely controlled by its clients without focal or middle person expert. From the client's perspective, Bitcoin is like trade out the web world. Bitcoin can likewise be seen as the most noticeable record keeping framework as of now accessible.
- People used to pay each other in gold and silver. Difficult to transport. Difficult to divide.
- Paper money was invented. A claim to gold in a bank vault. Easier to transport and divide.
- Banks gave out more paper money than they had gold in the vault. They ran “fractional reserves”. A real money maker. But every now and then, banks collapsed because of runs on the bank.
- Central banking was invented. Central banks would be lenders of last resort. Runs on the bank were thus mitigated by banks guaranteeing each other’s deposits through a central bank. The risk of a bank run was not lowered. Its frequency was diminished and its impact was increased. After all, banks remained basically insolvent in this fractional reserve scheme.
- Banks would still get in trouble. But now, if one bank got in sufficient trouble, they would all be in trouble at the same time. Governments would have to step in to save them.
- Paper money was invented. A claim to gold in a bank vault. Easier to transport and divide.
- Banks gave out more paper money than they had gold in the vault. They ran “fractional reserves”. A real money maker. But every now and then, banks collapsed because of runs on the bank.
- Central banking was invented. Central banks would be lenders of last resort. Runs on the bank were thus mitigated by banks guaranteeing each other’s deposits through a central bank. The risk of a bank run was not lowered. Its frequency was diminished and its impact was increased. After all, banks remained basically insolvent in this fractional reserve scheme.
- Banks would still get in trouble. But now, if one bank got in sufficient trouble, they would all be in trouble at the same time. Governments would have to step in to save them.
At my opinion Satoshi Nakamoto was dreaming about freedom and tried to create something to broke schackless of government. Bitcoin was created for people first of all.
Bitcoin is the first electronic currency, which helps you to trade faster, saves more transaction costs, it is born to change the world, like the old days you used food exchange, now Now you use the money to exchange food, and later Bitcoin exchange food
The initial concept is from satoshi nakamoto hoping that bitcoin can facilitate people in transactions and can also make virtual currency for paper money. but the more there are many other benefits
I think that bitcoin was invented for the older ones who were able to work and were sitting there. I'm thankful for the bitcoin to earn the seniors even when they are sitting and because of bitcoin they get rich.
Bitcoin is digital currency or known as the father of all crypto currency that has the potential to become the new money or the electronic money around the world. Bitcoin is also the most expensive digital coin and it is almost compare to the gold but why bitcoin is created?
Here are some reason :
* To change the perception of all people about the digital currency.
* To improve the payments and transactions and in the internet world.
* To become the image of money around the world.
* To protect or hides the identity of the user, for security purposes.
* To give an opportunity to all people around the world to earn a secondary income.
* To upgrade the currency because everything in this world is now upgrading.
SHARE YOUR THOUGHTS
If this post is worth of your merit, Thank you
Here are some reason :
* To change the perception of all people about the digital currency.
* To improve the payments and transactions and in the internet world.
* To become the image of money around the world.
* To protect or hides the identity of the user, for security purposes.
* To give an opportunity to all people around the world to earn a secondary income.
* To upgrade the currency because everything in this world is now upgrading.
SHARE YOUR THOUGHTS
If this post is worth of your merit, Thank you
I agree to all the points above. In my experience, I only use Bitcoin to pay my monthly bills thru online such as water, electricity, telephone, insurance even fund transfers and many more that has no hassle and free of charge.
Mostly, I use Bitcoin in trading so that I can earn extra income and still hoping that Bitcoin can really change my life to better.
Bitcoin is the first electronic currency, which helps you to trade faster, saves more transaction costs, it is born to change the world, like the old days you used food exchange, now Now you use the money to exchange food, and later Bitcoin exchange food
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