Topic: Why bitcoin is created? - page 13. (Read 2556 times)
Bitcoin is created to improve the economy growth and also enhance the currency to be more reliable to mankind.
Bitcoin was created for the purpose of reducing transaction costs, shortening transaction time. Not dependent on 3rd party. But today we have forgotten the purpose of Bitcoin's birth we entered Bitcoin for speculation purposes only.
I agree with you. It was created for transactions and payment system; thus, it is becoming useful to all of the users of Bitcoin. Bitcoin is such a help to everyone especially for those people who don't have enough money to support their daily needs.
For me, bitcoin is created to make our lives easier.
As the people is very intelligent and creative they always innovate a system that will make our live much more comfortable and easier.
In the past we always do traditional way of banking and paying transactions, but with bitcoin it almost solve the problem.
We dont have to line to be process and we can transfer money to our loved ones in a much simpler way.
As the people is very intelligent and creative they always innovate a system that will make our live much more comfortable and easier.
In the past we always do traditional way of banking and paying transactions, but with bitcoin it almost solve the problem.
We dont have to line to be process and we can transfer money to our loved ones in a much simpler way.
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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I agree with your comments! At moment, Bitcoin and altcoin are still very attractive! Investment will certainly be profitable, but when investing so carefully choose the right time! 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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If this post is worth of your merit, Thank you
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.People who use and create Bitcoin are those who are in charge of its future. That is the most important purpose of Bitcoin. Most of the early adopters of Bitcoin were libertarians and innovators, but today bigger part of the global society is starting to use Bitcoin. Now, people have an alternative. They can store value or trade with it without any control of the elite parts of the global society.
One bitcoin can be split up to 100 000 000 times. The smallest unit that can not be further subdivided is called Satoshi, on behalf of the creator of Bitcoin. So a bitcoin = 100 000 000 Satoshis. Or 1 Satoshi = 0.000 000 01 Bitcoin.
One mistake in the psychology of many people is that they now see a bitcoin price too should think they can not afford. Actually if you can not afford a bitcoin then you can still buy 0.5, 0.1, 0.01 bitcoin ... But maybe many people will not overcome the psychological barrier that can not withstand the feeling Possesses a small part of something, although for cold money it is no different: if a bitcoin is equal to $ 1,000, 0.1 bitcoin is equal to $ 100, no more.
One mistake in the psychology of many people is that they now see a bitcoin price too should think they can not afford. Actually if you can not afford a bitcoin then you can still buy 0.5, 0.1, 0.01 bitcoin ... But maybe many people will not overcome the psychological barrier that can not withstand the feeling Possesses a small part of something, although for cold money it is no different: if a bitcoin is equal to $ 1,000, 0.1 bitcoin is equal to $ 100, no more.
In essence Bitcoin was created for the less fortunate in the real world. Bitcoin is created for people who can not afford it financially and Bitcoin was created for people who did not get a decent job in real life. So the existence of Bitcoin is highly anticipated by everyone.
To conquer the world
Probably originally created for ease in the payment system in my opinion. But because many investors and millionaires who are interested in bitcoin can be made as an asset and investment.
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
Hello, i think bitcoin is created for the purpose of the many people in this world. I think it has a lot of things to do with the economy of the many countries here in our world. Bitcoin for me is a great pleasure and a great opportunity because it helps me in some things that i need in order for me to overcome the hindrances and needs in my life. This will be the answer for that and i think it is a great and amazing if you have this one. 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
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
This is not worth one merit from me. I advice that instead of raising speculations as to the reason why Bitcoin is created, you better read the whitepaper itself of Bitcoin. It is not as long as the whitepapers of various projects that are promoting ICOs. You would not believe that the whitepaper of Bitcoin is only 9 pages long and the 9th page is dedicated to references only and the first page is dedicated to both abstract and introduction already.
It was created as an exit from state and bank currency. Even today it is primarily used for regulatory arbitrage. Ironically enough it is also a hedge against Anarchism. If States and Banks disappear(not going to happen) than bitcoins largest premium evaporates supporting its utility, value, and thus security. One day more and more statists will start to realize this inconvenient truth: The strength and growth of the state indirectly supports the premium those will pay for bitcoin to convert energy into fungible value thus they would be wise to invest in bitcoin and the flip side investing into bitcoin supports the security of this anarchistic currency.
When you read the white paper of the bitcoin, you fully understand it. Expressed there the bitcoin a peer to peer electric cash system. It implies that you can make an exchange everywhere throughout the world with the assistance of the web innovation. Any two willing gatherings to execute straightforwardly with each other without the requirement for a trusted outsider. Individuals have one currency with one the same value at all. Bitcoin was made to be helpful and to change the view of the people.
Bitcoin created to make all currency of every country as one. Bitcoin helps unbanked people to survive and become financial stable. It helps to survive dying family and ease the problem when it comes in our economy! Unemployed people find a job in bitcoin and lastly, it helps poor and developing country to become advance and more progressive than before!
Bitcoin is our guiding star to success!
Bitcoin is our guiding star to success!
bitcoin created because many people is addicted in gadgets bitcoin is the easy way to make easy money and bitcoin is the first online business. this created for the senior citizen because senior citizen is weak for the hard work the bitcoin is a easy work you work in your house.
the creation of bitcoin for me is to create new technology as well as to shoot online blockchain-based technology facilitating the exact transactions to advance the society in increasing payments and transactions as well as in the internet world. 
To operate transfer of value in a trustless environment, this is why bitcoin was created
There's many reasons why bitcoin was created. First, the value of bitcoin was continuously increased which made other people to make it as an asset, the current fiat currency is all under control of government and hence they can control the world for their own benefits. Another reason isn't under control of anything and works on predefined set of rules. The most of all, it was created to develop and improve of our lives into a better situation. Just to enjoy living and no worries.
The reason bitcoin is created is a material transfer tool that is not controlled by the state.Thanks to bitcoin, people have the opportunity to send something that is material value to each other without bank or state control and tax.
bitcoin was created because mr satoshi finds something with our computer he make it profitable even we only use it in gaming research or other use of computers. bitcoin was created also to help all country to have work and to make money easily.
Bitcoin was made or initiated to uphold the effect and usage of the technology. We are now in the world that is full of high technology mechanic and one of the emerging blockchain tech is encrypted to bitcoin.
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