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Topic: Why bitcoin is created? - page 30. (Read 2556 times)

sr. member
Activity: 774
Merit: 250
January 30, 2018, 10:59:13 AM
#62
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.
Bitcoin created simply because to improve means of payment online. Less hassle in payment system were users can adopts the blockchain technology. Also, the most reason's to help people can have the chance to earn money online. Spreading the good features to the world were people easily use this sytem.
hero member
Activity: 1274
Merit: 622
January 30, 2018, 10:46:45 AM
#61
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 think it's been created to give people some freedom, to let them manage their own money and keep it away from governments and to make transactions cost very low, that's one of the main reasons it became popular IMO. I like the upgrade currency idea Cheesy
newbie
Activity: 10
Merit: 0
January 30, 2018, 10:35:01 AM
#60
Bitcoins are created for reward, for a process known as mining. They can be exchanged for other currencies, products, and services

touche
full member
Activity: 378
Merit: 100
January 30, 2018, 10:17:09 AM
#59
Bitcoins are created for reward, for a process known as mining. They can be exchanged for other currencies, products, and services
full member
Activity: 350
Merit: 102
January 30, 2018, 10:00:36 AM
#58
The original reason bitcoin was created is the anonymosity of its transactions. No one can trace it. U can earn, sell and transfer any amount of it safely. Also, what is innovative in it and what make it special and important, is the fact that these transactions  do not need a third party. That mean more security and safety.

That's the way it´s and thanks to these characteristics bitcoin can not be controlled or manipulated by governments, central banks or financial entities, which makes it a virtual, independent and decentralized currency but also has a negative side allowing the financing of illicit activities and / or money laundering due to the decentralized nature of the scheme.
hero member
Activity: 1148
Merit: 523
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January 30, 2018, 10:00:08 AM
#57
It's created also to be useful by many business all around the world and because of digital currency it's created a lot of job to earn extra income another thing here is you can earn big by crypto with your non stop hardworking.
Bitcoin is created or developed as an alternative to the usual monetarial system in the market, it is a systematized program where you can transact financial operation without using the physical money. It is also consider as a digital currency, where it has a certain exchange value, so you can also consider it as a potential investment. This is the future of money.
To me i think the only reason behind bitcoin creation  may be to have one and only one currency throughout the world, In fact bitcoin is the best currency for online shopping and other transaction of money etc.
The main reason is 2008 American government is affected in demonitation problem so Satoshi was decide to create a decentralised cryptocurrency  in 2009 it is not a depends on the government so it reduce a demonitation problem. I think this is the right reason in Bitcoin invention then some other decentralised cryptocurrency are created. Then it is easy to handle in all over the world so this is continued in most of the country the future is favourable in cryptocurrency.
newbie
Activity: 224
Merit: 0
January 30, 2018, 09:58:49 AM
#56
Let think about it.
In my opinion, bitcoin was created to get this value : Decentralized & Anonymity
Because that makes bitcoin and crypto different from other FIAT.
full member
Activity: 336
Merit: 121
January 30, 2018, 09:57:31 AM
#55
As world is developing very fast in every field just like that in field of money fiat money is slow and hard process as compare to digital money and that is the main reason that world need digital money in future which is more time saving and secure then fiat and process is more easy then fiat while it is also decentralized which will give more profit to people because its tax free also.
newbie
Activity: 163
Merit: 0
January 30, 2018, 09:41:38 AM
#54
It's created also to be useful by many business all around the world and because of digital currency it's created a lot of job to earn extra income another thing here is you can earn big by crypto with your non stop hardworking.
Bitcoin is created or developed as an alternative to the usual monetarial system in the market, it is a systematized program where you can transact financial operation without using the physical money. It is also consider as a digital currency, where it has a certain exchange value, so you can also consider it as a potential investment. This is the future of money.
To me i think the only reason behind bitcoin creation  may be to have one and only one currency throughout the world, In fact bitcoin is the best currency for online shopping and other transaction of money etc.
newbie
Activity: 71
Merit: 0
January 30, 2018, 09:28:37 AM
#53
I think bitcoin created because of the many reason. But we don't know how specifically created bitcoin. Also a creators of bitcoin, we don't know yet what are they  thinking and what are their purpose? 😊
full member
Activity: 336
Merit: 100
January 30, 2018, 08:50:56 AM
#52
I see this bitcoin in terms of usefulness that can be taken advantage of is investment. this is all the same as the form of business place that is broad or equal to the assets used in the internet network.
This investment is very developed in developed regions such as london, japan and usa. this is a very safe place to invest in all electronic media.
legendary
Activity: 1221
Merit: 1025
e-ducat.fr
January 30, 2018, 08:32:24 AM
#51
Bitcoin was launched in 2009 as a global transfer of value system without the need for a central authority.
That's about 30 years of research and development since the invention of asymetric cryptography in the late 70's.
Any other claim to fame is BS. It's not a "libertarian" invention. Libertarians are not fully aligned with the cypherpunk manifesto.
sr. member
Activity: 1400
Merit: 283
January 30, 2018, 08:24:16 AM
#50
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 Smiley
If this post is worth of your merit, Thank you Smiley
To actaully understand why bitcoin was created we need to go back to the roots of the problem, before all the finincail system, the only that tow people were to trade using products, a bag of rice for a jar of milk and that is how things worked, and then tehy started trading with gold and silver which are difficuilte to transport and difficulte to divide, so papaer moeny was created wich is a fraction of gold that exists in the bank, the probelm was that banks were printing moeny far more than they had gold, not only this but banks started giving loans at an intresset, which means they were giving money for somthing they don't have, in the end money was no longer an asset that is related to gold, but instead it is an indepandant asset controlled by govermments and bnks, which means no longer do people can freely do trades without the intermediation of banks which not how things supposed to be, so the point that we are all caught in a big scam, in 2009 Satoshi created bitcoin which pourpouse is to solve all these probelms and be an alternative to our current finincial system, that is aimed to be an electronic peer to peer system that is decentrelized and uncontrolled by govemrnets or banks.
full member
Activity: 196
Merit: 100
January 30, 2018, 08:07:25 AM
#49
Bitcoin is created to make business, First and foremost bitcoin is commonly used in the black market to transact goods and services, as the time pass by it improves, and expand its transactions for processing payments and other trading purposes:)
sr. member
Activity: 546
Merit: 250
January 30, 2018, 07:59:42 AM
#48
Currently Bitcoin is not just money,

Bitcoin was created to improve the quality of money we currently use to get the fastest payment network,

Bitcoin is created to make every transaction quick and easy without the need for third-party manipulation.

Bitcoin is the most reliable and most innovative that is owned or controlled by anyone who makes it a promising coin.

Bitcoin is believed to be a currency and a universal commodity so that the price will continue to soar. also an appreciative investment at the time that made Bitcoin a popular Cryptocurrency worldwide.
full member
Activity: 308
Merit: 120
January 30, 2018, 07:56:58 AM
#47
The original reason bitcoin was created is the anonymosity of its transactions. No one can trace it. U can earn, sell and transfer any amount of it safely. Also, what is innovative in it and what make it special and important, is the fact that these transactions  do not need a third party. That mean more security and safety.
member
Activity: 115
Merit: 11
January 30, 2018, 07:55:40 AM
#46
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 Smiley
If this post is worth of your merit, Thank you Smiley

Basically, Bitcoin was created to lessen the charges or fees because if we use credit card the fees are higher.
Bitcoin can be used to pay our monthly bills thru online such as water, electricity, insurance, or even fund transfer that hassle free and no charge.
It helps us to make our lives better and easier. We can use Bitcoin thru trading in cryptocurrency world that we can earn extra income.
Really thankful that we have this new type of investment that helps me in my personal needs and for my family and my future.
member
Activity: 253
Merit: 10
January 30, 2018, 07:50:09 AM
#45
Bitcoin was created for the poor people that dont get a job because bitcoin is just easy to get a money you just need to be diligence but first of all you need to study about bitcoin so that you'll get it easily to get a money/token in bitcoin and bitcoin can pay your bills
You have your point my friend!Maybe Bitcoin created so that we remember why crypto coin is important for the past decades. It reminds as that even years past by until now they are more popular specially in online process of investment.I know they created to help people to make their life much better to fullfill their dreams even if what kind of people are you.That`s why i really love Bitcoin cryptocurrency.
sr. member
Activity: 658
Merit: 251
January 30, 2018, 07:46:26 AM
#44
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 Smiley
If this post is worth of your merit, Thank you Smiley

Bitcoin was created to eliminate centralization by using Blockhain Technology. Read the white paper of Bitcoin and Mastering Bitcoin.
White Paper of Bitcoin: https://bitcoin.org/bitcoin.pdf
Mastering Bitcoin: https://github.com/bitcoinbook/bitcoinbook
hero member
Activity: 2366
Merit: 594
January 30, 2018, 07:35:14 AM
#43
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 Smiley
If this post is worth of your merit, Thank you Smiley

Bitcoin was created to start a revolution against fiat which is a corrupted currency, anyone could easily steal it, especially those corrupt politicians, you know, they are stealing their people's money secretly. Bitcoin was created to start a new beginning, and to help the world to have a better society and economics unlike what we have right now.
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