Why bitcoin is created? - page 9. | Bitcointalksearch.org

Theonethatgotaway

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Quote from: Roman Coinson on April 21, 2018, 05:34:14 PM

I think that bitcoin was created for the possibility of money laundering and hiding income from the tax police)

As we all know that bitcoin is the first decentralized digital currency, as the system works without a central bank or single administrator. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products and services. Also bitcoin is used/accepted as a payment for goods.

Roman Coinson

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I think that bitcoin was created for the possibility of money laundering and hiding income from the tax police)

POM

sr. member

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Yesss, it’s a great invention and i think some of them are the main reason to create Bitcoin. It would be the currency of all the world. I mean, why not? Everyone knows it as the greastest biggest crypto in the market and they trust it so i’m pretty sure that we will be using btc in everything in trading/ economic life.

kakoli akter jhumu

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Behind every great invention people do research for it...how, why,when it is created or invented!! if it is not become so polpular we would not so much eager for it,so obviously it has make itself worth and we are giving bitcoin a far better value that's creating demand day by day!!

Mike1992

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Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency , as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary.

Sir mikolo

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Bitcoin is a cryptocurrency and worldwide payment system. ... Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.

LetsTalkMoneyxD

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Bitcoin is created as a reward for a process known as
Mining.they can be exchanged for other currencies,products and services.

WesternCowboyBibop

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I think personally bitcoin was created to make it easier for people to invest and create jobs for those who are hard to find work in the real world

BlackSeaConqueror

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In my opinion, Bitcoin was created to make our life easier and more secure through Blockchain Technology. Currently, almost all transactions are done online. Payment system uses the method of payments such as debit cards, credits cards and the like to be able to perform a cashless transaction

kingofrogues07

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Think, the programmers that created Bitcoin was really fed up with all this banking system. That's why they decided to make currency that won't depend on banks but only on people.

MorganFreemanBeard

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As Nakamoto wrote, "What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party."

KevinClarkson

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I agree. It gives people freedom too

Elviragreg

newbie

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Maybe bitcoin was created originally as a payment system. However bitcoin is rapidly developing its function and usefulness to date.

muhammedb

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Bitcoin was created help the average person in there day to day life with out the need of third party and so to make transactions smooth and easy without any need of third parties

pri3oner

full member

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Bitgesell (BGL) Decentralized Cryptocurrency!

I have read some of thoughts over here and realised that there aren't those who think crypto was aimed to replace fiat money (or at least punch it) for conspiracy organization(s) Shocked

Maybe I've not noticed it tho. Anyway, I suppose this kinda thought can exist.

guon

newbie

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To eliminate third parties.

To access control over all yoir assests

To avoid paying unnecessary taxes

To avoid middle man

To make transaction faster

To make anonymous transaction

chalbinov

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One could say that a benefit we enjoy thanks to the creation of BTC is that of another choice of currency that is not tied to an existing government, providing more freedom. Besides the first notion that people may assume when thinking of what the freedom means, which is usually for protecting and hiding identity for criminal activity. Many say that this is a downside of BTC, and it is hard to disassociate it from it. What the freedom actually means for us is the ability to use a currency that isn’t subjected to the overtaking of the gov or at the whim of the particular country’s economic equation.

otong

sr. member

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Quote from: Innerpumper on April 21, 2018, 08:53:29 AM

If according to my thinking,
-to make a transparent transaction
-Secure Transactions
-For trade
-For shopping at online stores that can accept cryptocurrency
-Can be used as a side job
-Get a passive income

This is according to my thinking, how the thought of you a lot of experience in the world of crypto?

if my thinking bitcoin is made to facilitate transactions with others and can help one's economy. Bitcoin has sophisticated transaction properties so many use bitcoin to transact easily and quickly.

Duogembrot

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according to my conclusion bitcoin created because want to try to create a digital currency whose existence can never be controlled by anyone that ultimately the digital currency is only moving purely from the demand and the total supply available.

guon

newbie

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Basically, society needed an alternative choice to the standard financial system through which individuals could trade. When Satoshi Nakamoto invented Bitcoin peer-to-peer transaction system, society got the top alternative yet. Now, anyone can try his luck with day-trading, mining, etc. Important part is the fact today we certainly have stabile digital currency which is used all over the world for transactions of sorts.

Topic: Why bitcoin is created? - page 9. (Read 2556 times)