Bitcoin Forum

Bitcoin invention for what purpose ??

The discovery of bitcoin is one of the miracles of the financial world in my opinion, and I think it is the discovery of bitcoin for the purpose of changing the world economy to the order of financial problems.

If you really want the reason why bitcoin was invented then you should watch videos at you tube talking about how bitcoin and why it is created. But I will cite some special reasons why it is created. One of the reasons why it is created is because the society is already fed up with the unfair banking system practices and it wanted to revolutionize financial technology. It wants to banked the unbanked and let your wallet be your own bank. Unlike the banking system bitcoin is created without a center.

To get easier transactions through internet but in this case we can use bitcoin which digital money to transact or to buy.  I think we can consider this as a new technology.

Satoshi wanted to create a payment system that totally relies on trust (decentralized) and therefore would make centralized systems (e.g. central banks) totally useless. A more detailed version, written by the founder himself can be found in the introduction of this paper: https://bitcoin.org/bitcoin.pdf (https://bitcoin.org/bitcoin.pdf).

The discovery of bitcoin is only to develop the usage and the type of money in a easy way and for earn some profits so we can make a easier transaction with easy and user friendly methods.

The inventor of bitcoin or the origin of bitcoin investment is a man who comes from japanese state and in the know the pupil or people who do business bitcoin investment is Satoshi Nakamoto

The inventor of bitcoin or the origin of bitcoin investment is a man who comes from japanese state and in the know the pupil or people who do business bitcoin investment is Satoshi Nakamoto

the purpose of bitcoin was created is to control the monetary world economy, because, in 2008, the world experienced a monetary crisis, and in 2009 bitcoin created as a solution to improve the world economy become better.

but the appearance of bitcoin is not welcomed by the world. when the first bitcoin is created, bitcoin has excellent stability and fluctuation than fiat, although its value is very cheap.

The inventor of bitcoin or the origin of bitcoin investment is a man who comes from japanese state and in the know the pupil or people who do business bitcoin investment is Satoshi Nakamoto

Money that can not be manipulated and requires no counter-party trust.  No one can control the price, supply, distribution. No one can compel you to use it nor keep you from using it. Bitcoin was also invented to be the fastest, cheapest, and most secure system for sending wealth. 

It is the best money system invented.

if I think Bitcoin should be created as an alternative currency that exists today and at the same time will be a substitute for world currencies because the era has entered the digital age.

The beginning of the discovery of Bitcoin became popular because of the group of cryptographers, namely the group engaged in research encryption (cryptography). Satoshi Nakamoto is also active in this group, some report that he is diligent enough to reply to various questions in various forums. So do not be surprised, cryptography is the first major foundation where Bitcoin stands up to crowd like today that many hunted many people. But the inventor of Bitcoin is not yet known clearly. Nakamoto, who at the time along with Wikileaks plans to take advantage of this digital currency to receive donations from various donors, But Nakamoto protested the plan by singing a loud enough voice and angry, the reason that Bitcoin is not ready to receive the treatment.

Bitcoin was introduced on January 3, 2009 by Satoshi Nakamoto. It has a total limit of 21 million units. Each BTC is divided into 100 million units smaller than satoshi. Bitcoin is the most widely accepted and highest value available to date for nearly $ 95,000.

i think bitcoin invented because it use yo ease money transferring and other stop, even a joblesw and unemployed is now a trader but different with the fiat because bitcoin is volatile, how ever bitcoin is risky but if you play well its easy to become a millionaire.

the origin of bitcoin and the origin of this investment that creates a place to make money by way of stock investment is from the first person from Japan that is Satoshi Nakamoto was the first person.

For me, it's just about making money. as for many who are interested in. if it wasn't so expensive, as no one was interested in them.

Bitcoin invented to evoluate the way of paiement in the net and help people to change their financial status for better

the origin of bitcoin and the beginning of bitcoin and the origin of this investment that creates a place to make money by way of stock investment is from the first person from Japan that is Satoshi Nakamoto was the first person.

That is highly innovative for whoever was behind this outstanding innovation. The decentralized idea is just too classical. Surprising that no bank can monitor your transfer or crediting.

Absolutely!!

Bitcoin is the greatest invention of  the millennium *I hope I'm not exaggerating*.

The invention of the bitcoin has given a setback to  the majority of the traditional methods and has expanded its growth potential like anything!

It has been a savior for many people including me and many others in the times of financial difficulty.

So the purposes for which bitcoin has been invented are in-numerous and all it has done to mankind is its development. *while here it is worth mentioning that there is a dark side to every great invention and so there is a dark side of bitcoin: the dark net it has created for terrorism funding and other such activities.*

Consider WHEN bitcoin was invented, directly after the last financial crash
in 2007/2008. We all suffered at the hands of the banks because we were
and still are to a degree reliant on them.

With bitcoin we can take back control of our finances, there is no need to
trust anyone or any other institution with our finances.

The creator just wanted to create a decentralized Electronic cash system to complete transactions with anonymity. He wanted to change the world and how the banking and finance system in the world works. And we all owe it to him.

Actually bitcoin is invented to make a change in currency world.And it's created to replace the paper currency and gold.In real world,we are using dollar as a currency and gold as a asset.Bitcoin is used as a currency and asset in some country.But in some country,bitcoin is used as a asset only.

the origin of bitcoin and the beginning of bitcoin and the origin of this investment that creates a place to make money by way of stock investment is from the first person from Japan that is Satoshi Nakamoto was the first person.

Finance, like most human inventions, is constantly evolving. In the beginning it was basic:
food was traded for livestock, and livestock for resources like wood, or maize.
 It progressed to precious metal, such as silver and gold. And now,
 the next step in financial evolution has come to light.

This new form of currency has been constantly evolving over the past decade,
developed by an unknown person and maintained by a collective group of the brightest minds in technology.
It’s a new form of money that is created and held digitally, and the most important part, of course,
is that no government owns it, or decides its value - the peer-to-peer network community does.

We call this new money, ‘Bitcoin’.

Bitcoin was invented to solve the double-spend problem of internet money and as a side benefit, to start a positive anarchy that would bring great social change to our world.

The invention of bitcoin was undoutedly a revolution to world economy. This was a demand of time to have such a decentralized digital currency. I think the reason of inventing bitcoin was to have a decentralized currency and having a currency which is more user-friendly and gives you a platform to earn profit.

Bitcoin is the invention of modern age. It is mainly used for two purposes- as asset and as currency.  It is generated using blockchain technology by a distributed ledger system to make all the transaction fair and transparent.

Satoshi's main motive for inventing bitcoin was to have a decentralised currency towards the whole world. Bitcoin can be used all over the world without conversion of money. Besides, there is no government or third party intervention. It works with peer to peer. As a result, people are shifting towards it to do transactions and making profit.

Bitcoin is an open-source, peer-to-peer, digital decentralized cryptocurrency. Powered by the Blockchain technology, its defining characteristic is its decentralization. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation.

Because even if it was stage to modern age,people could have to bank account but it was also limited slot due to many ligal document are need aside from ligal business and two valid i'd are required, to pass from their standard method to have your a bank account.Now if you asking me why bitcoin invention it maybe because those people mention in above are difficult to have a bank account,,and because of bitcoin decentralized money currency are also to access easily to those people who want to bank account through this bitcoin wallet.aside from that bitcoin are also alternative currency to have financial system.

I think it's to make the world's economy changing, maybe there are some of wise people created this thing. I hope this thing will ahead so long in my country because the economy in my country was failed, so many corruption and the punishment wasn't fair at all. I might wish that bitcoiners expert in my country has a good soul to help my country's economy.

In theory, the traditional economy and finance are seriously flawed, and the motive of making bitcoin is to liberalize the currency, decentralize, liberate the economy and benefit the society.

I really want to know for what reason it has been invented ?But the invention of bitcoin is one of the miracles of the financial world. Anyway, I think the invention of bitcoin is the purpose of changing the world's economy to the order of financial problems.

Bitcoin is believed to be a currency and a universal commodity so that prices will continue to soar. This means that I think this bitcoin has a long-term goal that will be very beneficial for the development of digital currencies or cryptocurrency that berkruh to increase and the world's economic growth.

In the event that you truly need the motivation behind why bitcoin was developed then you should watch recordings at you tube discussing how bitcoin and why it is made. Be that as it may, I will refer to some uncommon reasons why it is made. One reason why it is made is on account of the general public is as of now tired of the unjustifiable saving money framework practices and it needed to reform budgetary innovation. It needs to kept money the unbanked and let your wallet be your own particular bank. Dissimilar to the managing an account framework bitcoin is made without an inside.

Quite right! In plain language, Bitcoin turned the whole world financial system upside down. As they say in Russia, head down, and feet up ;D  And every year it becomes more interesting to watch what will happen, and, undoubtedly, to earn on it right now, when there are opportunities!

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https://www.bitcoinmarketinsider.com/what-is-bitcoin/

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https://www.bitcoinmarketinsider.com/bitcointrading/

Bitcoin is created in the sense of replace the bank.In Bank ,we are paying our valuable money for money transfer ,money withdraw in other branch ATM.We have to pay money,if we are fail to maintain a certain amount.For all this ,the people in this forum like bitcoin to replace the bank.Some people thought is bitcoin invented to be act as an asset.

"Bill gates & Warren Buffet is still against bitcoin but they are not thinking about future crypto currency.
 New York City is developing block chain day by day.
 Venezuela is developing new crypto currency so they already aware of it.
 The Market share is increasing and this bitcoin is going to their previous position where price was high so investing on bitcoin is smart idea."

To much goal, one of which is to speed up the payment transaction process, and bitcoin as a financial revolution based on centralization.

Now a days bitcoin is more popular crypto currency in the world. Through some countries are banned bitcoin but some countries people are also invest in bitcoin. That’s why bitcoin wants to create more invention.

The invention of bitcoin in the year 2009 is one of the greatest achievement to the humanity by Satoshi Nakamoto.. Its advantage or disadvantage is that there is not any governments control over it which is making upside down to the entire financial concepts of the world which we were following so far. It will be a big threat to the current banking systems .Bitcoin is the first crypto currency which is a decentralized one with anonymity ,all transactions are recorded in an electronic ledger with the block chain technology.Bitcoin followed by lots of alternative coins are there in the market and the bitcoins popularity is flaring up.

i think bitcoin is great innovation .
so the purpose of bitcoin is :

1st goal in decentralization.
2nd low cost of transaction  ,
2rd no monitoring system .

Bitcoin has been invented to change and improve the world's coins. The purpose of this innovation is to serve human beings and to advance human progress. With Bitcoin, people are able to make transactions and make payments easily and it is considered as valuable resources for the people. It is invented by people who are able to make money easily, which serve as human services.

Bitcoin is a cryptocurrency binary numbers that is cannot be hack easily. For me we can use to bitcoin and many different ways in the near future.

Bitcoin was invemted to help free humankind from the financial troubles of the world: making it secure, fast and trusted

It is the response to global financial crisis that happens during 2008. The crisis expose the vulnerability of centralized payment institutions. We need freedom from this centralized institutions that make us believe they are the right one.