Topic: Why bitcoin is created? - page 23. (Read 2563 times)
Basically, society needed an alternative to the regular financial system through which people could trade. When Satoshi Nakamoto invented Bitcoin peer-to-peer transaction system, society got the best alternative yet. 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. Most of the online traders use Bitcoin nowadays and even some of the biggest networks included Bitcoin as a valid method of payment, such as Microsoft, Amazon, etc.
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.
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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Yes I truly agree that the above stated reasons are applaudable reasons for bitcoin to be created. However, the main reason bitcoin was created is to serve the purpose of having an official currency for the internet. Where transactions made in the internet would be powered by bitcoin. 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
Technology developed so this way bitcoin appeared. It will become a international payment method and it will be good to have it
Bitcoin is created because very soon time of paper money will end.
Bitcoin was created to make our lives easier for our payments to be profitable and secure.
Bitcoin is independent from any central bank or any sort of manipulation by any government on the planet. People who use and create Bitcoin are those who are in charge of its future. That is the most important purpose of Bitcoin. 
Bitcoin was created to make our lives easier for our payments to be profitable and secure.
Bitcoin is created for us to learn new things for our future and for us to be updated on what will happen in the future. Bitcoin is created to help many people through their living, support them financial and solve financial problem that easily. Bitcoin also can make your life so much easier than before. You can pay bills online, buy stufffs online and many more. Bitcoin also created to change our life to the better. 
Why do people always seemingly forget the most grand reason of them all which is to give banking access to those who don't have it right now. While all those other aspects are good and it is my aim for BTC to become international currency, it can only become so if the whole world uses it. It would be pretty dumb to only have 1 billion people on this system, when in theory we could have 5-6 billion people at least on this system. Let's shoot for the stars, not the moon on this one! 
Bitcoin was created as a new kind of money, digital money .. Bitcoins have a number of qualities inherent in money: they are difficult to obtain, limited offer, easy verification. Bitcoins can perform a number of monetary functions: medium of circulation, means of payment, means of accumulation.
At the present moment, bitcoin can be more generally estimated as a new, completely unexplored financial instrument, but has already shown a significant economic potential.
The potential of blockchain technology, even according to preliminary forecasts, is extremely high. In the near future, this may become a new protected model for the exchange of state and financial information, and, taking into account the fact that in the modern modification of the block is directly related to the turnover of the virtual currency, then by prohibiting one, we simultaneously prohibit the blockchain
Bitcoin,was created to make people more free.It was created to save people from the banks.It will put an end to the intermediary institutions that receive people's money.
Bitcoin was the first to grant the possibility of direct transfer of ownership rights to another person through the Internet without attracting external guarantors, while the transfer is safe and reliable, no one can challenge it, there is no mandatory commission for conducting operations, any transactions can be carried out for each of the parties for free.
The Bitkoyn system is the first practical solution to the long-standing information problem - how to ensure the trust between the parties to the information received in a situation when neither side has confidence in the actions of the other party and the open unprotected communication channel through which this information is transmitted.
The ideas of the "b-money" crypto currency were described in 1998 by Wei Dai in the mailing of cifrovankov. Regardless of him, around the same time, Nick Szabo proposed similar ideas for "bit-gold". Nick Szabo also proposed a model of a market mechanism based on inflation management, and explored some aspects of identifying reliable information in an unreliable decentralized system.
Mark Andressen, developer of the first graphic Internet browser NCSA Mosaic, believes that at the fundamental level, the Bitcoin system is a breakthrough in the field of computer science, which relies on 20 years of research on cryptographic currencies and 40 years of work in the field of cryptography of thousands of researchers around the world.
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.
No, I dont think that is the reason of all of this or it is not part of the reason it was created. That just happened after the money is coming.Here are some reason :
* To change the perception of all people about the digital currency.
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* To improve the payments and transactions and in the internet world.
Yes this was one, well actually for high volume of transaction.Quote
* To become the image of money around the world.
No, no, I dont believe this is a good reason.Quote
* To protect or hides the identity of the user, for security purposes.
This could have been already a crime and I dont think they want bitcoin to be seen just like that.Quote
* To give an opportunity to all people around the world to earn a secondary income.
No, not one of the purpose.
Quote
* To upgrade the currency because everything in this world is now upgrading.
Yes. For the future. I just hope I will still see it when the price gets calm and every merchant can get in.
They create this for money to save because here we have private key and in our own place i think it really happen by now because i do save here and even i can't earn here still i will use this to save some money,Moreover bitcoin are now for extra income or an investing tools and more on transaction so there's no need to ask why bitcoin created
Bitcoin is acrypto currency created to provide opportunities for the unemployed youth in the world to have means of lifelyhood
Bitcoin was created in order to make payments much safer to improve the modern global financial system. And I think bitcoin is doing a great job.
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