Topic: Why bitcoin is created? - page 6. (Read 2563 times)

Bitcoin is incredibly well-known even besides bitcoin is able to change a person's fate into a better bitcoin help mediator, so how does everyone dislike bitcoin if birtcoin always helps people who need it any more and bitcoin is very easy to get, both in terms of transfers across the country as well as in the market of bitcoin fruits are easy to find.

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.

Bitcoins are created for reward, for a process known as mining. They can be exchanged for other currencies, products, and services
In simple words bitcoins are created to improve means of payment online.

Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

Bitcoin is one of the great technical invention of this civilization.  It is a currency through which we can make all online transactions all over the world. It has no boundary or border.  It change the idea of currency.

Mainly the Bitcoin was first created for the silk route funding and then  when the technology came to open all techno person saw a lot of potential as it kills the banking system due to low cost transaction charges.

Bitcoin created for purposes to help people around the world to gives as a opportunity to earn a secondary income.And it also created by by gives hope to our economic society,thats why we need to learn how to appreciate why bitcoin is made.

bitcoin is created to unlock new things like payment instruments and investment tools

I agree with you, I think Bitcoin was created to help people financially; we all know that Bitcoin is capable to be a source of Bitcoin to everyone; so I guess one of its function is to support the daily needs of other people.

For me, bitcoin is a virtual currency and bitcoin is created to get away from intermediaries. and it is made for people to work and produce something for themselves and for their families. Bitcoin was created for an individual's money to become safe, protected, secure and independent.

Bitcoin made our unknown man Satoshi Nakamoto, Bitcoin is a non-traceable currency, which makes it safe and reliable which was probably the first reason to make bitcoins but it is also stable and ever rising in value so Satoshi Nakamoto are probably earning a ton of revenue.

in my opinion, Bitcoin is created to get away from intermediaries. And to improve thereby a lot of lives of people. Rejoice that we are at the beginning of the great journey.

In my opinion bitcoin was created to make peer to peer payments more affordable, secure and transparent to public all over the world which is cannot be controlled by any person or government this is how powerful blockchain technology and one of the greatest idea in this generation.

Complete anonymity of the system. To conduct a transaction in the bitcoin system, the user does not need to communicate his personal data to either the other party to the transaction or to third parties.
Transparency and security of the system. When conducting a transaction, the recipient can track the entire transaction chain in the archive database and make sure that the payment was actually made. And since the technology of blocking means the perpetual storage of data on all transactions, even after a time, no party to the transaction will be able to refute the fact of the existence of a money transfer.
Decentralization. The Bitcoin system is absolutely independent, as it has no owner, no administrator. Therefore, no person at his own will can quickly change the rate of the crypto currency or affect the performance of transactions in the system.
The opportunity not only to exchange, but also to independently obtain money. Theoretically, each user of the network can mine the bitcoins. In 2009-2012, the mining of this crypto currency was quite simple, and many ordinary users were engaged in it. Bitcoin mining now requires a lot of processing power. But to this day, the issue of virtual coins is made exclusively by miners, and no single person / corporation can take control of this process.

Bitconin (BTC) is a virtual currency that is not created by any country or state, but is created from a network of computers around the world. Bitcoin's features are highly secure, transaction-free, convenient and at no cost.
Bitcoin was created by a person (or group of people) who did not want to reveal their identity, nicknamed Satoshi Nakamoto. Historically there have been speculations about Satoshi, but conjecture is still a guess, and so far it is unknown who is the father of Bitcoin.

I think the 2010 Bitcoin is only used to buy pizza and gaming tools. To be honest, nowdays the creator of Bitcoin does not show himself at all. at this point I say Bitcoin is formed unknown because I don't feel regulated by the creator but from a commercial company

Bitcoin is made for people to work and produce something useful for themselves with bitcoin. and bitcoin are made to help people who want to succeed.

Bitcoin is made for less economic people to help their unemployed peoples.Bitcoin is so helpful I am happy to have followed the bitcoin trail. Make me smarter.

Bitcoin is the best digital crypto currency and Bitcoin was created for the poor people. Bitcoin can also be viewed as the most prominent  record keeping system  currently available.

The purpose of bitcoin created is to look at the increasingly troublesome transaction conditions, we all know that global transactions will continue to increase so that a better and simpler payment solution is needed and bitcoin is the solution.