Why bitcoin is created? - page 29. | Bitcointalksearch.org

htmcoin

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Quote from: kitkat04 on January 29, 2018, 12:15:13 PM

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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The idea of people who create bitcoin can be said to be very advanced. He should create bitcoin based on people's demand for digital money. Bitcoins bring a lot of convenience to us. For example, transactions using bitcoin do not need to go through an intermediary, anonymity, etc. These are the reasons why bitcoin exists and it is the digital cryptocurrency born for the people.

cosmoo

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You can find any information of it in articles or blogs in the internet. And the best decision it is to read official whitepaper of Bitcoin.

lucian999

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bitcoin has made so many people to help because you're just a couple of years now just want to bitcoin you can get them here and they will not find a resume if you are bitcoin in the same job looking for a resume if you will apply for work.

pansu18

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Monetary manipulation
First of all, banks use a system called fractional reserving. This system allows them to only partially reserve the deposits that are sent in trust to them. Banks control our monetary supply and have driven the value of our currencies and our real purchasing power to a fraction of what they were 10 years ago.

One of the fundamental elements of Blockchain is that the manipulation of monetary supply is not controlled by a ‘trusted’ third party.

King Koy

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I believe you forgot one thing and that is the function of being decentralised system. People around are crying due to the unnecessary work of the government, people are paying taxes with no choice because it is the national law of each country to give some portion of ammount to the government. And then time will come that these rulers are stealing the money of the people.
Bitcoin becomes the comfort of the victim of corruption.

john_nautica

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Quote from: kitkat04 on January 29, 2018, 12:15:13 PM

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

your opinion of why bitcoin is made very basic and can be targeted to the current situation and benefits of bitcoin. because of the purpose of bitcoin to facilitate payment in the era of future technology. but now the bitcoin trip can not be easy because it is blocked by regulations from various countries. that's what we have to learn from bitcoin trips that forever have bitcoin will not work well.

garen21

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bitcoin has made so many people to help you when you've got a bigger amount of money to earn, especially now the price of btc is the perfect time to invest.

sampoer23

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because Cryptocurrency cannot be released from the innovation and progress of digital technology that could not be dammed and the more widely influenced the life of modern man,bitcoin created in order to Transact globally

yytcoin

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Quote from: braZZers123 on January 30, 2018, 04:26:59 PM

There are several reasons why bitcoin was created and what it is intended for is known to everyone. But I would like to single out one property, like anonymity. Nowadays, people would pay a lot to not once again disclose their identity.

I agree that anonymity helps protect our information, but anonymously, we can not recover our money at this time because our funds are stolen because the information of the fraudster can not be found anonymously.

Kiweikoo

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Quote from: zxcv cool on January 30, 2018, 07:22:36 AM

We come from different countries, but as fans of bitcoin, we can speak freely together. 2. Bitcoin can make the payment method easier. 3. Hype bitcoin and invest in bitcoin to make money.

The biggest reason in my opinion behind creation of bitcoin and other digital currencies was to help the people living in this world to make a better earning and giving them a chance to make some more money which can then lead to a comfortable living.

In addition to this, the other reason for creating bitcoin can be to help people to get rid of paying tax and all stuff to someone and creating a decentralized currency.

Coin-1

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Quote from: kitkat04 on January 29, 2018, 12:15:13 PM

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

I think that Satoshi Nakamoto invented Bitcoin to give a response to the traditional financial system based on banks.

Do you remember what happened in 2008? The financial crysis. So this event has become a catalisator to the development of the Bitcoin peer-to-peer project.

di.ako.toh

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Why Bitcoin is created, is the reason I think is because to reach out people and have gained knowledge in innovating digital payment and cryptocurrency.

Procopiogamscrypto

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Quote from: kitkat04 on January 29, 2018, 12:15:13 PM

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

when evolution of technology had continue to grow and develop, people are trying to find an alternate of their regular financial system that they can use for trading transaction.When Satoshi developed a peer to peer transaction system which is called Bitcoin, it created a global acceptance as an alternate of regular currency , when trading, mining and other form of online transactions that had been initiated. Today Bitcoin is the most stable among all digital currencies that had been used to all sort of online all over the world, even some biggest network included bitcoin as valid method of payment , that's why bitcoin was created.

braZZers123

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There are several reasons why bitcoin was created and what it is intended for is known to everyone. But I would like to single out one property, like anonymity. Nowadays, people would pay a lot to not once again disclose their identity.

Kaan53

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because when you want you can take everything and instantly pay for what you want.

TheGreatUnknown

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Bitcoins is created as a worldwide payment system, it is the first decentralized digital currency and it only exist electronically. Bitcoin system works without a central bank or in need of a middle - man. A network is peer to peer it goes directly from user to user. Bitcoins also created as a reward for a process known as mining. Where Bitcoin can be exchanged for other currencies, products, and services.

LillianScarlett

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it is created additionally to be beneficial with the aid of many business all around the global and because of virtual foreign money it is created a lot of activity to earn greater income every other aspect right here is you could earn big with the aid of crypto with your non prevent hardworking.

AlexanderAnthony

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First of all bitcoin is a digital currency it only exist electronically. Why bitcoin is created, it is used as a worldwide payment system. the system works without a single administrator or central bank. The network is peer-to-peer and transactions take place between users directly, without an middle -man, Bank.

Amilhussin24

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In my opinion, why bitcoin is created, it depends on his historical background. Before bitcoin was created, there is a lot of digital currency was being created before bitcoin, but all of them didn't succeed. And suddenly a peron named Satoshi Nakamoto, gathered all of the information and idea's of these digital currency. And made a new and improved Bitcoin. Bitcoin is made to be able to have a worldwide peer-to-peer network, and that there's no central entity or administrator for the currency like a bank or government.

EvelynAriana

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Bitcoin become created for the people that dont get a job due to the fact bitcoin is simply clean to get a cash you simply want to be diligence however initially you want to look at about bitcoin so that you'll get it without difficulty to get a cash/token in bitcoin and bitcoin pays your payments

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