Topic: Why bitcoin is created? - page 32. (Read 2559 times)
Bitcoin is developed with idealism, that, a good currency is a currency that is not controlled by the government or central bank. The financial crisis that has been occur in the past has confirmed that the government is always negligent in maintaining economic stability. The government is always believed to be dominated by corrupt people and only works for personal gain, so financial decisions are always on the side of a mere conglomerate. This concept appeals to many people. Bitcoin is believed to be a currency and a universal commodity so that the price will continue to soar.
I think bitcoin was created to
- 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 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.
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.
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And also to make those you are focused only at their PC's rich and become wealthier than those who work hard at other companies.
bitcoin is created first for consensus networking purposes that enables new payment systems and fully digital money. Bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without central or intermediary authority. From the user's point of view, Bitcoin is similar to cash in the internet world. Bitcoin can also be viewed as the most prominent record keeping system currently available.
Also, to give people the financial freedom they solely deserve from the government because mostly all of our transactions in our day to day lives are being monitored and being subject to tax that every little we do with our money is getting intervene by them. Which is why the developer see this as opportunity to help move their money at ease and promote the development of digital currency worldwide.
In my opinion we will not know how the creator or creators of bitcoin are thinking when they make bitcoin and what are their purpose in making it, But I really think this Cryptocurrency main purpose was to make a fast transaction towards the transaction of payment, If they want bitcoin to have an unlimited supply they can do it but that would make the value of bitcoin zero and not worth in the demand, Well all of your given examples was indeed right and a cryptocurrency that we see right now, it is for the benefit of all in getting the freedom and convenient that they want.
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
I am not really sure why bitcoin is being created but what I am sure ,based on my own experience is that it is created for people to earn extra money and to have an investment using the technology. people behind bitcoin team are so smart to come uo with this idea. but what important for me is that their idea is now a world sensation.it makes people crazy in a good way. crazy to learn and earn. who could imagine ? I am earning too without investing any single penny from my pocket. we must be thankful that someone came up to create bitcoin.
To operate transfer of value in a trustless environment, this is why bitcoin was created
In my opinion, bitcoin was created probably because it's a way for the users to take control of their own money, instead of believing the financial system. Bitcoin also happens to be much faster than the way banks do transfer money. Bitcoin was also used as a way to transact while being anonymous where most of the users do their transactions.
a new bitcoin are created successfully processing rewarded with transaction money.i'm surely created very happy to work for bitcoin business.the created on bitcoin to good profit in life.the bitcoin used to pay for goods and services is value has been use as a payment
medium of system.the created of bitcoin transaction money to online market.
Best way to answer this question is through six words which are 'Giving power back to the people'. The primary reason why bitcoin was created in the first place by Satoshi Nakomoto was to help people around the world conduct financial transactions without depending on the government in an anonymous manner which is why it became a huge hit and skyrocketed in value.
Only a small percent of the world population are currently using bitcoin and other altcoins for conducting financial transactions currently, but these numbers will grow with time as the crypto market and bitcoin become more popular.
Only a small percent of the world population are currently using bitcoin and other altcoins for conducting financial transactions currently, but these numbers will grow with time as the crypto market and bitcoin become more popular.
To operate transfer of value in a trustless environment, this is why bitcoin was created
In my opinion, bitcoin was created probably because it's a way for the users to take control of their own money, instead of believing the financial system. Bitcoin also happens to be much faster than the way banks do transfer money. Bitcoin was also used as a way to transact while being anonymous where most of the users do their transactions.
In my opinion, bitcoin has been created just to show that there are better forms of investment that can be made in the current generation rather than just relying on stock investment and other market ... Bitcoin varieties as something not under the control of anything and operate on predefined sets. The main purpose of bitcoin is to make transactions easier across the world and when time flies, the value of bitcoin also increases to make others rich.
Bitcoin is a digital currency with a constant total of 21 million, which is decentralized, globalized and anonymous, just like the Internet. Transferring bitcoins to the other end of the globe is as simple and cost-effective as sending an e-mail without any restrictions. Bitcoin is therefore used in areas such as cross-border trade, payments, remittances.
To operate transfer of value in a trustless environment, this is why bitcoin was created
In my opinion, bitcoin was created probably because it's a way for the users to take control of their own money, instead of believing the financial system. Bitcoin also happens to be much faster than the way banks do transfer money. Bitcoin was also used as a way to transact while being anonymous where most of the users do their transactions.
To operate transfer of value in a trustless environment, this is why bitcoin was created
Bitcoin or 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. Bitcoin allows for instant and secure global exchanges, it provides protection of our information and publicly displayed records of all transactional data.
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
To destroy humanity with a paperclip maximizer, see https://bitcointalksearch.org/topic/the-paperclip-maximizer-2847680
and: https://wiki.lesswrong.com/wiki/Paperclip_maximizer
TL;DR: we see bitcoin as an asset/currency/value token transaction tool, and the price to pay for it is proof of waste (uh, work). But one can also see bitcoin as a waste maximizer, and the method: a speculative token that inspires people to orient their economic activity to produce less economic utility, and more waste (eh, work). Bitcoin now wastes the electricity of a small country, and there's no sign of this not increasing. If it does another factor x100 in waste, it wastes essentially all of human's electricity production on earth. The last factor of x10 took 1.5 years.
well i think btc was created just to show that there are better forms of investment which can be done in the current generation instead of just relying on the stock and share market.One of the best things done by btc is that it is one of the best investment form which gives you full privacy and high end security and you can enjoy of the benefits of your money and does not need to rely on any organization to make transfer from one part of the globe to another and it is something which is accepted globally.
The bitcoin's main purpose is to make the transaction easier worldwide and as the time flies, the value of bitcoin also increased which made other people to make it as an asset. Having 1 bitcoin in a wallet is a great thing because it has the potential to increase its value depending on the movement of the market. Bitcoin keep on proving to different country, its capabilities to make someone successful in life, however there are countries who already banned bitcoin such as Korea, China and Indonesia.
Most likely it was created to revoke the power from the world's government by creating an alternative currency to what already exists. The current fiat currency is all under control of government and hence they can control the world for their own benefits. Bitcoin is like something which isn't under control of anything and works on predefined set of rules.
Nice compilation of points. Those too are many reason for bitcoin creation.
Nice compilation of points. Those too are many reason for bitcoin creation.
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 so if your attitude is like always do hardwork then your good in crypto because that what we need here and knowledge here also is non-stop.
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