Topic: Why bitcoin is created? - page 18. (Read 2556 times)
Obviously bitcoin is designed to simplify our lives and also to improve the functioning of Finance.I think that this is the best invention for the last time
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.
Bitcoin is made because many people are tired of the current payment method, which is why some other countries use payments without cash for easy measures in terms of payments.
In fact most online merchants use Bitcoin. Even out there are so many trading systems that use Bitcoin for their payment media and so on.
Bitcoin is created with wonderful purposes. Digital currency has been all around and bitcoin is not an exemption. It can be used to buy things electronically, it gives comfort, and easier ways to transact. It gives people the peace of mind, because no central bank controls their money. Aside from this, it open doors of great opportunities and hope for people with different societal status, as long as they whole-heartedly accept and believe in it. In fact most online merchants use Bitcoin. Even out there are so many trading systems that use Bitcoin for their payment media and so on.
On my own opinion, bitcoin created is for the people that can create a potential income. Bitcoin created for the change of style in payment and other transaction in digital world.
Though there are banks that persisting to investment to them, bitcoin is created to be another way of investing.
Bitcoin is made because many people are tired of the current payment method, which is why some other countries use payments without cash for easy measures in terms of payments.
In fact most online merchants use Bitcoin. Even out there are so many trading systems that use Bitcoin for their payment media and so on.
In fact most online merchants use Bitcoin. Even out there are so many trading systems that use Bitcoin for their payment media and so on.
Bitcoin created for people who are in need and for all investors and trading because bitcoin is the reason why many are rich and are rich in bitcoin because of bitcoin and their persistence so they will not be able to work harder
I think Bitcoin Cash seems to have been created long ago to be created and derived from the same system as Bitcoin. Because there is a bitcoin transaction, it certainly creates bitcoin to improve the economy of all countries and also the latest technology in the future 
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..The solution Satoshi Nakamoto came up with was to disintermediate the banks entirely so people could stop being robbed at every turn, and start getting their lives back.
Bitcoin Basically it is made for people who need an alternative to a regular financial system where people can trade. people are now all trying with day trading, mining, and so on. The important part is that we currently have a stable digital currency worldwide for various transactions. Most online merchants use Bitcoin. Even out there are so many trading systems that use bitcoins for their payment media and so on.
We basically don't know the real reason as to why the bitcoin has been created, because the one who made it is basically still unknown. All we known is that bitcoin has given everyone an opportunity to change their lives to become successful individuals through investing. As far as I know, the potential reason as to why the bitcoin has been created is to create a currency unity, where people can buy goods and exchange currency every country.
Bitcoin or blockchain is created to show that there is a better option to increase or to grow through investment or trading .and to upgrade the currency because every thing in the World is upgrading.
Bitcoin is a decentralized type of currency that can be transferred without any third party influence and can be send all over the world with low fees and fast transaction. Banks controls our monetary supply and Bitcoin have no control over it only the user itself has the sole right over his money and no other government takes the control over it . The main reason for creating Bitcoin was the lack of sound money for the people by the Bank and government.
It is just in my own thinking bitcoin was created for just test launching in the digital world for a certain currency purpose that is intended for internet transactions only for the purpose of each owner of the bitcoin that their identity is being hidden and only aliases names are used as identity for each owner, and there launching was very successful until now.
It was created to the mercy of the poor one whom the government can not provide for them,it is a finical freedom currency.That is why it is made a decentralized currency so the government can not control it or other bodies.
i think bitcoin was created because the centralized things in our world.
bitcoin is the first decentralized currency in the world, this feature is awesome.
bitcoin is the first decentralized currency in the world, this feature is awesome.
BTC lets people break away from the government's financial policies and protect their own property!
Use BTC no government or organization to control your property!
BTC makes payment faster and more convenient!
Use BTC no government or organization to control your property!
BTC makes payment faster and more convenient!
Blockchain technology will impact every person and business globally, to give an example I am going to start with how banks operate in our current world and why they are grossly inefficient and fraudulent.
The absence of sound money was at the root of the problem. We were force-fed paper money because there were no good alternatives. Gold and silver remain difficult to use.
What was needed was a peer-to-peer electronic cash system. This was what Satoshi Nakamoto described in 2009.
It was a response to all the problems described above.
That is why he labeled the genesis block with the text: “03/Jan/2009 Chancellor on brink of second bailout for banks.”.
Bitcoin was meant to be an alternative to our current financial system.
What was needed was a peer-to-peer electronic cash system. This was what Satoshi Nakamoto described in 2009.
It was a response to all the problems described above.
That is why he labeled the genesis block with the text: “03/Jan/2009 Chancellor on brink of second bailout for banks.”.
Bitcoin was meant to be an alternative to our current financial system.
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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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
Hi. It is like evolution steps. Our financial system is far awy from ideal. For sending money from USA to Japan you shouls go to the bank, send money, wait a couple days... It should be much faster and comfortable.
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