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Title: For what was Bitcoin created? Post by: kryptqnick on September 25, 2016, 02:18:43 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it.
For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: unamis76 on September 25, 2016, 02:21:37 PM You've already replied to yourself, it certainly was to show that a currency can exist without central control or any kind of government, and he also wanted to make a way for people to escape the (corrupt) fiat banking system.
Title: Re: For what was Bitcoin created? Post by: bitbunnny on September 25, 2016, 02:30:36 PM You've already replied to yourself, it certainly was to show that a currency can exist without central control or any kind of government, and he also wanted to make a way for people to escape the (corrupt) fiat banking system. Exactly. The first and basic purpose was to create independent, decentralized currency without bank or governement control. I don't think that profit wasw his (only) goal but that came along. Many people thought that Bitcoin and such decentralized, uncontroled system that doesn't relay on all sorts of manipulations couldn't survive. But they were wrong, Bitcoin was success and proof that banks are replacable. Title: Re: For what was Bitcoin created? Post by: Doamader on September 25, 2016, 02:38:38 PM Bitcoin besides being decentralized, and has value, and banks and countries hasnt no power at it, just us people and some investors, and look the value of 1 bitcoin its 600 dollars and soon will reach the 1000 dollars, and i believe it will cross the gold value on the next 10-15 years. Bitcoin return the power to people of the money as in the past, before banks act and countries with regulations, the ammount wasted and stoled from politicians would avoid any financial problem if the system were like bitcoin, able to all know and see where the money is going.
Title: Re: For what was Bitcoin created? Post by: SmartIphone on September 25, 2016, 02:45:20 PM I think that people here are more worried why all those altcoins are created every day rather than asking for bitcoin.
Bitcoin is a new innvoation and it's made to have a freedom of our money and making transactions less costly. Title: Re: For what was Bitcoin created? Post by: unamis76 on September 25, 2016, 02:49:46 PM I don't think profit played a role. Although we cannot be sure if Satoshi was greedy or not as we do not know him, he went away way before Bitcoin value went stratospheric and he hasn't come back since as far as we know. At least he did not spend his coins.
Title: Re: For what was Bitcoin created? Post by: Doamader on September 25, 2016, 10:31:05 PM I don't think profit played a role. Although we cannot be sure if Satoshi was greedy or not as we do not know him, he went away way before Bitcoin value went stratospheric and he hasn't come back since as far as we know. At least he did not spend his coins. If he were a greedy person he would had sold his coins when they went to 1000 dollars bubble and even now, but the coins keep there, i dont know if there is any other wallet he had in the past, but greedy he isnt otherwise why would he let the 1000dollars opportunity run away, he made something he didnt know it would turn into what its bitcoin nowadays.Title: Re: For what was Bitcoin created? Post by: Backside walkaround on September 25, 2016, 11:05:54 PM It's funny, because *everything* depends on people believing in bitcoin. It's not backed by debt, governments, central banks, or gold or silver. It doesn't physically exist. Bitcoin is so strange to me, but the community is so hardcore. But yeah, it was created to transcend governments and banks, and it's doing a damn good job, I'd say. Not that bitcoin users are spending it like money, because I'd say most are not, but it's been adopted in the nerd community and the dark markets. That's definitely something.
Title: Re: For what was Bitcoin created? Post by: swogerino on September 25, 2016, 11:43:15 PM I don't think profit played a role. Although we cannot be sure if Satoshi was greedy or not as we do not know him, he went away way before Bitcoin value went stratospheric and he hasn't come back since as far as we know. At least he did not spend his coins. If he were a greedy person he would had sold his coins when they went to 1000 dollars bubble and even now, but the coins keep there, i dont know if there is any other wallet he had in the past, but greedy he isnt otherwise why would he let the 1000dollars opportunity run away, he made something he didnt know it would turn into what its bitcoin nowadays.Nothing wrong in doing that. No insider trading required to do it. ;) Title: Re: For what was Bitcoin created? Post by: shinratensei_ on September 26, 2016, 12:00:56 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. That's so simple... in my opinions, satoshi is wanna be for making a bitcoin caused by he has got an inspiration from the people in a real life is always using a banking for making an online transfer, and satoshi is looking for a simple way to fixing the problem and the human can do the digital transfer with more simple in method.For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: danherbias07 on September 26, 2016, 12:13:42 AM You've already replied to yourself, it certainly was to show that a currency can exist without central control or any kind of government, and he also wanted to make a way for people to escape the (corrupt) fiat banking system. Top answer and the simplest one. I will just add up the transaction fees that are lower. This are for a good way to introduce bitcoin. Somehow they find it not easy to understand but giving them an easy reasoning to why use it can make them inviting to people eyes. Title: Re: For what was Bitcoin created? Post by: ether19 on September 26, 2016, 12:17:18 AM I will have to agree with most of the users here, Satoshi should have created Bitcoin to show people that they can transact with something without the need of banks and get a high level of security.
Bitcoin cannot be used to fight corrupt politicians as these same politicians can use others forms of value for their illicit activity. Considering the fact that bitcoin runs on block chain and it is the most successful experiment to be conducted on a Block chain...the best part about why Bitcoin was created is that, Perhaps satoshi wants to show the world what "Block chain Technology" can do. He is a Visionary and should have seen what the world would be when it has adopted the entire Block chain technology in the coming years. Title: Re: For what was Bitcoin created? Post by: takingthis4 on September 26, 2016, 12:45:40 AM i think bitcoin was created as an alternative for money in order to replace the horrible financial system we have right now
Title: Re: For what was Bitcoin created? Post by: JITENDERPAR3 on September 26, 2016, 01:11:31 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. I think it is created only for better payment system . and i think his idea also became successful of making payments system very easy for whole aboard the world .For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? thanku nakamato . Title: Re: For what was Bitcoin created? Post by: jerowacik on September 26, 2016, 01:15:24 AM I think bitcoin designed to facilitate financial transactions in the world. with bitcoin everyone can access their money wherever and whenever they are. bitcoin provides simplicity.
Title: Re: For what was Bitcoin created? Post by: PantminerS7 on September 26, 2016, 01:16:30 AM Something along the lines of https://bitcoin.org/bitcoin.pdf
Short version: "electronic transactions without relying on trust" Title: Re: For what was Bitcoin created? Post by: odolvlobo on September 26, 2016, 01:16:42 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Perhaps the Bitcoin white paper provides the answer you are looking for? Quote Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments. While the system works well enough for most transactions, it still suffers from the inherent weaknesses of the trust based model. Completely non-reversible transactions are not really possible, since financial institutions cannot avoid mediating disputes. The cost of mediation increases transaction costs, limiting the minimum practical transaction size and cutting off the possibility for small casual transactions, and there is a broader cost in the loss of ability to make non-reversible payments for non-reversible services. With the possibility of reversal, the need for trust spreads. Merchants must be wary of their customers, hassling them for more information than they would otherwise need. A certain percentage of fraud is accepted as unavoidable. These costs and payment uncertainties can be avoided in person by using physical currency, but no mechanism exists to make payments over a communications channel without a trusted party. Title: Re: For what was Bitcoin created? Post by: coynedterm on September 26, 2016, 01:22:11 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. I think it is created only for better payment system . and i think his idea also became successful of making payments system very easy for whole aboard the world .For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? thanku nakamato . Title: Re: For what was Bitcoin created? Post by: VanDeinsberg12 on September 26, 2016, 02:50:20 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. Bitcoin was creating for making the human life in the digital world is more than simple, there no an enough facility for the human is making their digital life is be more easier. this is just a revolutioner things for the digital world through bitcoin by satoshi and satoshi are wanna for making an payment system in digital world be a more effective and can securing their user's data.For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: densuj on September 26, 2016, 02:58:38 AM There are many explaining about aim of bitcoin be created, so let me for giving my opinion too at here, the bitcoins be created for making transaction around the world with fast,secure,low fees and it will become money in the future, it is free there are not regulator for bitcoin.
Title: Re: For what was Bitcoin created? Post by: genos on September 26, 2016, 03:03:57 AM There are many explaining about aim of bitcoin be created, so let me for giving my opinion too at here, the bitcoins be created for making transaction around the world with fast,secure,low fees and it will become money in the future, it is free there are not regulator for bitcoin. Yes I am agree with you. Bitcoin was created to being a currency that give costumer faster transfering money and lower fee like say. Alsothere are a p2p technology in bitcoin world that better than banks system now. Bitcoin was created to being a currency.Title: Re: For what was Bitcoin created? Post by: bravehearth0319 on September 26, 2016, 03:28:25 AM Since bitcoin was created for so many reason, We knew also that many people are very thankful into it. For what the good things about in bitcoin is the decentralized, were no bank don't have any capability to control neither the government can't control it too.
Title: Re: For what was Bitcoin created? Post by: shintosai on September 26, 2016, 03:31:04 AM There are many explaining about aim of bitcoin be created, so let me for giving my opinion too at here, the bitcoins be created for making transaction around the world with fast,secure,low fees and it will become money in the future, it is free there are not regulator for bitcoin. Yes I am agree with you. Bitcoin was created to being a currency that give costumer faster transfering money and lower fee like say. Alsothere are a p2p technology in bitcoin world that better than banks system now. Bitcoin was created to being a currency.Title: Re: For what was Bitcoin created? Post by: MingLee on September 26, 2016, 03:32:09 AM There are many explaining about aim of bitcoin be created, so let me for giving my opinion too at here, the bitcoins be created for making transaction around the world with fast,secure,low fees and it will become money in the future, it is free there are not regulator for bitcoin. Yes I am agree with you. Bitcoin was created to being a currency that give costumer faster transfering money and lower fee like say. Alsothere are a p2p technology in bitcoin world that better than banks system now. Bitcoin was created to being a currency.Title: Re: For what was Bitcoin created? Post by: bandarfjb on September 26, 2016, 03:35:41 AM It's funny, because *everything* depends on people believing in bitcoin. It's not backed by debt, governments, central banks, or gold or silver. It doesn't physically exist. Bitcoin is so strange to me, but the community is so hardcore. But yeah, it was created to transcend governments and banks, and it's doing a damn good job, I'd say. Not that bitcoin users are spending it like money, because I'd say most are not, but it's been adopted in the nerd community and the dark markets. That's definitely something. +1 to this. I have a hard time when explaining Bitcoin to another people ??? Title: Re: For what was Bitcoin created? Post by: rtz on September 26, 2016, 04:14:12 AM To make money is one reason for sure.
But also, to make buying things online a bit more anonymous and safe, i think. Title: Re: For what was Bitcoin created? Post by: Kakmakr on September 26, 2016, 06:12:55 AM In the times before Bitcoin, there was a challenge to create an immutable currency that could be used in a trust less environment within a decentralized network. < The mountain will be climbed, because it was there > Satoshi Nakamoto then solved this puzzle < The Byzantine Generals Problem >, by putting different concepts together and in doing so, came up with a technology that solved several other problems.
The genius behind this, is mind boggling! ^smile^ Title: Re: For what was Bitcoin created? Post by: qiwoman2 on September 26, 2016, 07:11:28 AM Bitcoin has many uses and was created as a disruptive technology in order to give people a choice and not to be just behoven to the fiat financial systems that plague our societies. It gives people access to decentralized money and not just be a pawn of corrupt governance and corporate greed.
Title: Re: For what was Bitcoin created? Post by: doomistake on September 26, 2016, 08:00:31 AM It's is created for us to have currency that can be spend through online and for other purposes of bitcoin. Satoshi did a really good job about it because he helps a lot of people by earning bitcoins through this forum and other sites that pays bitcoin. Bitcoin is also the future money for us based on what I've read on different articles about it. It's not that bad because bitcoin has expensive value since it's price is higher than the value of a cash money that's why it is easy to adopt and use by all the people.
Title: Re: For what was Bitcoin created? Post by: Denker on September 26, 2016, 09:24:24 AM Bitcoin was mainly created that you yourself has the control over the money.And that no one else is having control over it's supply or where, when and to whom you send it for instance. So it's all about monetary sovereignty and financial freedom.
That's why Bitcoin is one of the biggest inventions since many many decades, and probably as big and important as the internet itself. Title: Re: For what was Bitcoin created? Post by: chixka000 on September 26, 2016, 09:30:38 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? For me nakamoto created bitcoin to have a medium of payment on a digital system in which sometimes quite risky.. And i also think that nakamoto created bitcoin to inovate local transactions Title: Re: For what was Bitcoin created? Post by: entrepmind23 on September 26, 2016, 11:03:56 AM I think bitcoin is created to have transactions less costly. Since almost all the things can be done digitally then why not make a digital money instead so that it can go with the flow and the more innovations people make, the more riskier it is to just let your identity be exposed to the public by using credit cards that has the possibility of being used by hackers and with bitcoin there is anonymity involved so being safe also is one of its advantages. I think it has also something to do with inflation wherein prices go up day by day and the value of money becomes lesser but with bitcoin the opposite happens because as years pass by, its value becomes bigger and bigger.
Title: Re: For what was Bitcoin created? Post by: xuan87 on September 26, 2016, 11:05:53 AM I think Satoshi is a genius person, he created bitcoin so we can have a freedom currency,which is not control by the government or big company, he wants to create a currency that is control by all of the user, and he expected bitcoin can become currency that can be used globally and helping human in economic, this is what i thought
Title: Re: For what was Bitcoin created? Post by: hajimasan on September 26, 2016, 11:12:55 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. i think the creation of bitcoin was only for the simplicity of payment system for online user but i think it turns in many ways wrong use . because many if sites are now which offers gambling kike option with btc . which is a bad thing . i hope every person will use btc as payment system and small trade and earn through this.For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: ekoice on September 26, 2016, 11:32:48 AM Satoshi would have created it for decentralisation of money and to give financial freedom to people from banking system.
He would have worried much about how banks exploit ordinary people. He tried to create a currency which doesnot even need the approval and support of government to survive and he succeeded in his attempt. Title: Re: For what was Bitcoin created? Post by: bandarfjb on September 26, 2016, 11:54:20 AM To make money is one reason for sure. But also, to make buying things online a bit more anonymous and safe, i think. Bitcoin not that anonymous actualy... Title: Re: For what was Bitcoin created? Post by: ice098 on September 26, 2016, 11:57:30 AM There are many explaining about aim of bitcoin be created, so let me for giving my opinion too at here, the bitcoins be created for making transaction around the world with fast,secure,low fees and it will become money in the future, it is free there are not regulator for bitcoin. Yes I am agree with you. Bitcoin was created to being a currency that give costumer faster transfering money and lower fee like say. Alsothere are a p2p technology in bitcoin world that better than banks system now. Bitcoin was created to being a currency.Agree ! Purpose is to give us a alternative for the traditional banking system but also you can enter it as a faster payment method online unlike paypal it is very slow and high fees. Also we can earn from it :D and know what the virtual currency it is :D Title: Re: For what was Bitcoin created? Post by: Noctis Connor on September 26, 2016, 12:00:55 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. Bitcoin was create for us to earn free money from internet and for those who have jobless so that they can earn bitcoin for free bitcoin is a real state that we can forward earning and supported our self to spend goods and foods etc and i believe that it can support our economy special goldsFor which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: clickerz on September 26, 2016, 12:03:00 PM Satoshi would have created it for decentralisation of money and to give financial freedom to people from banking system. He would have worried much about how banks exploit ordinary people. He tried to create a currency which doesnot even need the approval and support of government to survive and he succeeded in his attempt. There are too many reasons why bitcoin was created and I like your answers. Aside from that there are many advantages of bitcoin compared to other online payment systen. Satoshi was right in his reason for creating this bitcoin and he gained great respect from online cryptocurrency enthusiast. Title: Re: For what was Bitcoin created? Post by: marleybobthedog on September 26, 2016, 12:28:13 PM I think bitcoin was created to change the currency system. I think nakamoto had views of transforming coventional money system into online or digital system. Also he might have other views or planning with bitcoin that he had never revealed to public, May be he will come back again after 20 30 years when bitcoin will be well accepted by all countries.
Title: Re: For what was Bitcoin created? Post by: yayayo on September 26, 2016, 12:29:16 PM Judging by the message engraved in the Genesis Block, the intent for Bitcoin's creation was to end the interventionist and fraudulent fiat money scheme that led to the still unresolved world economic crisis since 2008. Bitcoin is the exact opposite of the political fiat money, whose value is constantly deteriorating because of inflation of the monetary base. Bitcoin's success is proving that the idiotic mainstream's economic dogma that inflation is needed to stimulate economic activity is completely wrong.
Bitcoin is simply much better money than fiat trash. It has the potential to make the world a freer place, by creating a sound form of money that circulates outside of governmental control and therefore can't be abused for political (power-related) motives. ya.ya.yo! Title: Re: For what was Bitcoin created? Post by: Labumi on September 26, 2016, 12:31:09 PM I think bitcoin was created to change the currency system. I think nakamoto had views of transforming coventional money system into online or digital system. Also he might have other views or planning with bitcoin that he had never revealed to public, May be he will come back again after 20 30 years when bitcoin will be well accepted by all countries. I very much agree with you. because I see all the systems that used bitcoin is excellent and well-ordered in the digital world. This can be evidenced by the transaction as a whole requires digital media and could not be used outside of digital media. This is something commendable as this could provide a very good efficiency in the future Title: Re: For what was Bitcoin created? Post by: iv4n on September 26, 2016, 12:45:52 PM Probably he was sick from this system and currently available currencies. He wanted to make something transparent, where its not so easy to print money and make inflation, something new and more reliable then any currency before.
He imagined perfect technology to help us with making this world a bit better place. People are talking about changing, but money is what make people do things they do, now we have alternative in bitcoins. And that is what Nakamoto gave us, alternative, another choice, now we need to be smart to see and catch good opportunity for o0us amd our future. Title: Re: For what was Bitcoin created? Post by: madwica on September 26, 2016, 12:58:45 PM Bitcoin is created for many reason the thing is the best for me is people are able to earn money without many requirements you do no need to expose your personal information to do the task or to earn. that thing is great for me.
Title: Re: For what was Bitcoin created? Post by: mobnepal on September 26, 2016, 12:59:16 PM Nakamoto have used his knowledge over cryptography to make quite unique as well as very outstanding technology in the field of finance which can revolutionize the way we do financial transaction. And i think satoshi also want to make a way/system for everyone around the world to have better control over their wealth in a secure environment as well as give complete freedom to them to do cross border financial transaction without any government/corp investigation or restrictions.
Title: Re: For what was Bitcoin created? Post by: danherbias07 on September 26, 2016, 01:09:51 PM Probably he was sick from this system and currently available currencies. He wanted to make something transparent, where its not so easy to print money and make inflation, something new and more reliable then any currency before. He imagined perfect technology to help us with making this world a bit better place. People are talking about changing, but money is what make people do things they do, now we have alternative in bitcoins. And that is what Nakamoto gave us, alternative, another choice, now we need to be smart to see and catch good opportunity for o0us amd our future. Many of us are already sick with this system that we are stepping now. Luckily, someone got a good idea on how to create something that will be avoiding this system somehow. We dont have the mind to do it but he did and we are thankful that it is shared. Many will not share it and would just be for the gain. Title: Re: For what was Bitcoin created? Post by: Hirose UK on September 26, 2016, 02:50:00 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? it was created to decentralize bank, to help people to do transaction, to save money without curruption. imo. if I'm not mistaken, my friend said that Satoshi even didn't know that the value of bitcoin will be high like nowadays. just like a wise man said, "you can't force people to leave a system without offering them a new one" Title: Re: For what was Bitcoin created? Post by: johnnyyash on September 26, 2016, 03:07:25 PM You've already replied to yourself, it certainly was to show that a currency can exist without central control or any kind of government, and he also wanted to make a way for people to escape the (corrupt) fiat banking system. Exactly. The first and basic purpose was to create independent, decentralized currency without bank or governement control. I don't think that profit wasw his (only) goal but that came along. Many people thought that Bitcoin and such decentralized, uncontroled system that doesn't relay on all sorts of manipulations couldn't survive. But they were wrong, Bitcoin was success and proof that banks are replacable. correct, i truly agree with you...creation of independent, decentralized currency without bank or government control.. Title: Re: For what was Bitcoin created? Post by: TraderETH on September 27, 2016, 03:16:23 AM IMHO bitcoin was created for change system currency become more transparent,fair, there are not manipulation inside, there are not high fees of transaction and it was for becoming money or gold in internet.
Title: Re: For what was Bitcoin created? Post by: Kakmakr on September 27, 2016, 06:01:29 AM It is not supported by gold or something else. What is supported by gold? If you still think fiat currencies are supported by gold, you will be disappointing. Have a look at this article, and then come back here and give us a example of anything that are backed by gold. http://www.businessinsider.com/are-there-any-currencies-backed-by-gold-2012-3 Only the Goldbugs still believe that gold is the ultimate investment option, the rest of us know that this can be taken away by the press of a button. How many of them have even seen their part of their investment? Title: Re: For what was Bitcoin created? Post by: davis196 on September 27, 2016, 06:23:49 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? You already answered your own question in your thread. The whole idea of bitcoin is to be out of any government and central banks control. It has to be decentralized and without any corporation controlling the currency. Title: Re: For what was Bitcoin created? Post by: Decoded on September 27, 2016, 06:27:30 AM It is not supported by gold or something else. Nothing is supported by gold. Maybe some economies, but still not 100% supported by gold. Honestly, gold has no value besides it's use in jewelry. Title: Re: For what was Bitcoin created? Post by: jack1111 on September 27, 2016, 06:38:51 AM I think Nakamoto did not know that Bitcoin will gain this great popularity , from other side to recognize the importance of Bitcoin , you can make a comparison between Bitcoin and other online banks like Paypal or Payza or any other bank , these banks can hold your money because of any reason or any claim , but in Bitcoin no one can hold your money as long you have the key of your wallet , this is the big difference .
Title: Re: For what was Bitcoin created? Post by: noictib on September 27, 2016, 06:47:16 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. in my opinion the main reason for create the bitcoin was aim to have a special type of currency for internet user . because with the time here this currency changed into business to earn through this currency and trading option are also now made for this which was not the aim of nakamoto .For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: CoinFoxs on September 27, 2016, 07:57:25 AM In my opinion the reason behind bitcoin is that he wants to prove that currency can exist without the control of any central government and he also want to give people to work for him or for his company. And one thing more the purpose of bitcoin is to compete in the market with other currencies and become no 1 currency in online market.
Title: Re: For what was Bitcoin created? Post by: Taki on September 27, 2016, 09:03:55 AM I think bitcoin was created for all the reasons you called. The biggest point here is that bitcoin is independent from price for gold and other currencies. I think Nakamoto created bitcoin exactly for that, the currency is I depended from gold, banks and governments, it even doesn't have it's paper form and all transactions are providing just through the internet. That was the main target. And that attracted many interest from people, that is why bitcoins became so expansive if to compare the price for it today and in the beginning.
Title: Re: For what was Bitcoin created? Post by: Jeremycoin on September 27, 2016, 10:41:35 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Bitcoin was created as the first step of the revolution of our currency system, and it's expected to be able to change the way we think of currency. Because money is not just the thing that we use everyday, but we have to understand the way it's distributed and the way it's controlled. Title: Re: For what was Bitcoin created? Post by: sana54210 on September 27, 2016, 12:00:03 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. in my opinion the main reason for create the bitcoin was aim to have a special type of currency for internet user . because with the time here this currency changed into business to earn through this currency and trading option are also now made for this which was not the aim of nakamoto .For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? I agree bitcoin was created with the aim of having for internet payments, but it is not special type as we have already have Paypal and other similar electronic currencies. But, I could say bitcoin was created to replace Paypal. Title: Re: For what was Bitcoin created? Post by: Carlsen on September 27, 2016, 01:59:09 PM Maybe bitcoin was developed as an act of rebellion.
A statement of Nakamoto on how he thinks about governts and the way the trace everything people do. I can imagine that creating an unhackable payment system that works across all borders, without the controle or influence of a government was somehow the intention of Nakamoto. From all I have seen and learnde so far about bitcoin, he did a pretty good job. Title: Re: For what was Bitcoin created? Post by: BitcoinPC on September 28, 2016, 03:11:33 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Personally i like your thread it is really Official thread. In my view, He create Bitcoin, because he wana introduce a new currency, which we can use only on online, and also no bank and no government involve in it, and all over the world every man can use it in his home, and earn it and also it has no fizical appearance but we can use it all over the world. And that we can call Bitcoin Title: Re: For what was Bitcoin created? Post by: BitcoinHodler on September 28, 2016, 03:22:49 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? if Satoshi was looking for money the he would have dumped his coins a long time ago back in the time of $1200 level and then bough back and dumped again and again just like what many other altcoin developers are doing. Quote Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? my thought is that you should read the bitcoin white paper. bitcoin was created to introduce the new form of money that you said yourself too, a public ledger which is decentralized and helps us be our own bank. Title: Re: For what was Bitcoin created? Post by: Aamir1 on September 28, 2016, 03:32:20 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? The basic purpose of creating bitcoin would surely have been to create something new and independent which as you said does not need any government to exist for controling it or to give everyone a way to have money which is anonymous for anyone in the world and no one else can know you have something unless you let them know about it. Title: Re: For what was Bitcoin created? Post by: kanazawa on September 28, 2016, 03:34:41 PM To substitute the motherf***** control of money and to put a chance for unbanking people (who are intentional or consequentaly). It was one of the best invents in the modern history. This is time for revolution. It's all in our hands.
Title: Re: For what was Bitcoin created? Post by: Catmony on September 28, 2016, 05:59:16 PM May be to give an option for worldwide internet users to send payments from one country to another without any central body and restrictions with very cheap fee or almost zero fee.
Title: Re: For what was Bitcoin created? Post by: rickadone on September 28, 2016, 06:49:15 PM I do always wonder from where Satoshi got the core concept of creating such a new invention, bitcoin payment system. But I'm sure, after got frustration with some existing system, Satoshi might got the idea of getting new payment system that would replace all existing payment system/network. Internet and cryptography have supported Satoshi to have realized his dream.
Title: Re: For what was Bitcoin created? Post by: samcoin on September 28, 2016, 09:33:47 PM I think Bitcoin has been created to get along with the gread evolution created by the Internet, and to provide a virtual currency which makes the financial transactions easier and faster than the traditional transactions, and I am sure Bitcoin succeeded in this mission, and it is spreading more every day.
Title: Re: For what was Bitcoin created? Post by: Hugroll on September 28, 2016, 09:40:24 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. I believe he created it with decentralization in his mind. he just wanted to make a currency that everyone could own a piece of but no one would OWN the currency.For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: greatr on September 28, 2016, 11:01:21 PM May be to give an option for worldwide internet users to send payments from one country to another without any central body and restrictions with very cheap fee or almost zero fee. yeah it is an option for people that actually gives a possibility to use money anonymous and do whatever you want with itTitle: Re: For what was Bitcoin created? Post by: Yakamoto on September 28, 2016, 11:15:48 PM Bitcoin was created to give the average person the ability to have an alternative to the mainline currencies and so, born primarily out of the 2008 financial crisis if I remember correctly. That's what's said anyway, based on the technology it looks more like it was in the design stages before 2008, but it was released in 2009 so I personally have no real idea.
Title: Re: For what was Bitcoin created? Post by: Rubberduckie on September 29, 2016, 12:32:57 AM many people have good points. But with the creation of the internet and
how it has taken over the world it was only a matter of time someone created a way to create / send a digital currency quickly to anywhere in the world without using a-holes like paypal who control your money. If it wasn't Satoshi bitcoin it would of been someone/ somthing else. There was a void that needed filling and that's why it has taken off so far. It's the people's money. Title: Re: For what was Bitcoin created? Post by: Doms on September 29, 2016, 01:06:37 AM If Satoshi Nakamoto didn't come up with the idea of the idea, somebody else would. The inevitability of going fully digital is upon us, and it is only a matter of time before cashless transactions are a regularity. The creation of bitcoin also gives the ordinary man the power to be his own bank, without interference from anybody.
Title: Re: For what was Bitcoin created? Post by: potatopower on September 29, 2016, 01:08:26 AM May be to give an option for worldwide internet users to send payments from one country to another without any central body and restrictions with very cheap fee or almost zero fee. yeah and that would be really cool, in this way all people could be using banking without any banksTitle: Re: For what was Bitcoin created? Post by: Dudeperfect on September 29, 2016, 05:50:42 AM Whatever I could conclude is that bitcoin is created to overcome the obstacles which we were facing in fiat, for example, limits in sending or receiving funds from one country to another. Especially for something that would push the traditional money a step forward, yes bitcoin is money 2.0 and it is emerging as a solution for the disadvantages of fiat. Just sharing my two cents.
Title: Re: For what was Bitcoin created? Post by: Indrawan77 on September 29, 2016, 06:47:14 AM Bitcoin was created to become the digital currency for global transaction, the idea is to create a currency that can be use globally, so when we bought something we dont need to find another currency, but somehow it develop better than expected
Title: Re: For what was Bitcoin created? Post by: sana54210 on September 29, 2016, 07:25:02 AM Bitcoin was created to become the digital currency for global transaction, the idea is to create a currency that can be use globally, so when we bought something we dont need to find another currency, but somehow it develop better than expected No, how we could say Satoshi did not imagine what we are having right now with bitcoin ecosystem? Moreover, Satoshi would have imagined and visualized many more other things too with the bitcoins, unfortunately due to some practical inappropriateness, he might have delayed them to implement with bitcoin system. Just my opinion. Title: Re: For what was Bitcoin created? Post by: pinkpanther03 on September 29, 2016, 07:37:33 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? I think you already answered your own questioned. But I'm gonna still also give my opinion to regarding that matter, Aside to help the people who got in the stage of financial problem, bitcoin created maybe for a the people who are losing of hope in achieving their dreams. Title: Re: For what was Bitcoin created? Post by: pinkpanther03 on September 29, 2016, 07:42:03 AM Bitcoin was created to become the digital currency for global transaction, the idea is to create a currency that can be use globally, so when we bought something we dont need to find another currency, but somehow it develop better than expected indeed, Mr. Satoshi Nakamoto didn't expect for what bitcoin situation we have right now. I think one the reason also is He/She want bitcoin to become one digital currency to be use worldwide. Title: Re: For what was Bitcoin created? Post by: kateaustin on September 29, 2016, 09:26:45 AM If you look at the old posts that satoshi made about bitcoin generally you would see him as someone interested in technical aspect generally, I doubt it was made as a get-rich-quick scheme or anything like that, just as an interesting technical concept.
Title: Re: For what was Bitcoin created? Post by: ekoice on September 29, 2016, 11:25:52 AM Bitcoin was mainly created for decentralisation of money and make people free from banks who charge more for every transactions. It was created in a manner so that no government can control it and people can use it with accountable to anyone
Title: Re: For what was Bitcoin created? Post by: Ryananda on September 29, 2016, 01:06:43 PM To create something new maybe that could be the reason the creation of bitcoin. Bitcoin is a digital currency and it is still new in the world, so in the hope of bitcoin could develop in the future. Bitcoin is also very suitable for short-term investments, if possible fluctuations bitcoin stable long-term investment is very promising in bitcoin.
Title: Re: For what was Bitcoin created? Post by: BitcoinSupremo on September 29, 2016, 01:10:30 PM Like every new thing created, it has come to life to fulfill unfulfilled needs of the society where we live in.
Here are a few things it has helped me to achieve so far: 1. Watching premium porn without showing my credit card details 2. Gambling as much as I want without showing my identity or anything related to me. 3. Privacy , no central bank, no controlling authority, which translates into the thing we all need most FREEDOM to use it as we like. These are reasons enough but there are much more other people can list here. Title: Re: For what was Bitcoin created? Post by: dharkmadder on September 30, 2016, 10:49:22 AM I guess it was first created to prove a concept, it wasn't something big like it is now but rather an interesting idea and to prove a digital currency would work, it did prove that years ago, I think now it's something that can change the economical world overall.
Title: Re: For what was Bitcoin created? Post by: Fatanut on September 30, 2016, 01:17:08 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. I think all of our answers were already mentioned by yourself. All we can do right now is agree with it. Satoshi created Bitcoins to prove that money shouldn't be controlled by "someone" AKA the government. All of the transactions should be publicized. There should be no tax at all and there should be very little transaction fee as well. Another part of the concept is proving that it should be possible to mine money. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: BingoDog on September 30, 2016, 01:26:01 PM Bitcoin was created to avoid centralized, monitored system that has anything to do with the banks or different governements. Bitcoin was supposed to represent new independent model of finances that shouldn't be manipulated.
Title: Re: For what was Bitcoin created? Post by: jonahmarieaton101 on September 30, 2016, 01:34:58 PM I think that people here are more worried why all those altcoins are created every day rather than asking for bitcoin. Agree! Bitcoin's purpose is not only earning extra money but also for the freedom we have. To share some ideas to someone and even to broaden our knowledge about it. Through bitcoin we can get different information especially in the forums. And also holding and making transactions for it.Bitcoin is a new innvoation and it's made to have a freedom of our money and making transactions less costly. Title: Re: For what was Bitcoin created? Post by: groll on September 30, 2016, 01:39:28 PM I think everything you said was correct. And in addition maybe his goal was to stop the poverty or help the poor people by having a thing like bitcoin. We know bitcoin can do alot like everything that a fiat currency can do. Maybe he wanted people who were just an ordinary people experienced the thing like investing, trading, and earning. And the fact that you can earn without a tax. You can transfer and receive money without or with a little fee. Something that ordinary people may enjoy. Maybe it was a HELP for us.
Title: Re: For what was Bitcoin created? Post by: StarofBTC on September 30, 2016, 02:36:59 PM Bitcoin was created just to get rid of PayPal, not joking really this must be one of the reason as PayPal had ruined many good businesses.
Having a trouble free currency system must be one of the inevitable demand of our modern life. Mr. Satoshi found a solution for that in the name of bitcoins. Title: Re: For what was Bitcoin created? Post by: severaldetails on September 30, 2016, 02:45:17 PM Bitcoin was created as a way to send money. For everyone.
Bitcoin won't deny you a wallet just because you do not earn enough. What you do with your wallet is your business, and yours alone. All you need is some kind of computer and an internet connection. And those two things are available nearly everywhere in the world these days. Title: Re: For what was Bitcoin created? Post by: danherbias07 on September 30, 2016, 02:48:55 PM I think that people here are more worried why all those altcoins are created every day rather than asking for bitcoin. Agree! Bitcoin's purpose is not only earning extra money but also for the freedom we have. To share some ideas to someone and even to broaden our knowledge about it. Through bitcoin we can get different information especially in the forums. And also holding and making transactions for it.Bitcoin is a new innvoation and it's made to have a freedom of our money and making transactions less costly. Why dont people think just like this. It is hard to get freedom now and bitcoin is offering one yet they want to mess with ot or use it as a means of income for their greed. Why not just use it as it was said to be used. Title: Re: For what was Bitcoin created? Post by: ged00u on September 30, 2016, 02:50:28 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For the new world oders, i guess. Bitcoin has affected strongly to the economics. And there is no doubt that bitcoin are getting more and more popular. People nowaday are get use to bitcoin. In my opinion, bitcoin will be the only currency in the worldFor which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: eternalgloom on September 30, 2016, 02:52:05 PM Bitcoin was created just to get rid of PayPal, not joking really this must be one of the reason as PayPal had ruined many good businesses. I don't think that his exact idea was to stop Paypal specifically. Having a trouble free currency system must be one of the inevitable demand of our modern life. Mr. Satoshi found a solution for that in the name of bitcoins. Besides, Paypal is just a symptom of the centralized banking industry as a whole, to which Bitcoin provides an alternative. Title: Re: For what was Bitcoin created? Post by: bandarfjb on October 16, 2016, 04:47:04 PM Bitcoin was created just to get rid of PayPal, not joking really this must be one of the reason as PayPal had ruined many good businesses. I don't think that his exact idea was to stop Paypal specifically. Having a trouble free currency system must be one of the inevitable demand of our modern life. Mr. Satoshi found a solution for that in the name of bitcoins. Besides, Paypal is just a symptom of the centralized banking industry as a whole, to which Bitcoin provides an alternative. I don't think it against Paypal. Paypal just a tool for people to pay something without exposing his CC detail to certain website. Paypal give extra security (and it also a downside) by can reserve unauthorized transaction. Title: Re: For what was Bitcoin created? Post by: socks435 on October 16, 2016, 04:56:50 PM Bitcoin was created just to get rid of PayPal, not joking really this must be one of the reason as PayPal had ruined many good businesses. I don't think that his exact idea was to stop Paypal specifically. Having a trouble free currency system must be one of the inevitable demand of our modern life. Mr. Satoshi found a solution for that in the name of bitcoins. Besides, Paypal is just a symptom of the centralized banking industry as a whole, to which Bitcoin provides an alternative. I don't think it against Paypal. Paypal just a tool for people to pay something without exposing his CC detail to certain website. Paypal give extra security (and it also a downside) by can reserve unauthorized transaction. Title: Re: For what was Bitcoin created? Post by: Wowcoin on October 16, 2016, 05:40:01 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. I think Nakamoto created bitcoin for a good purpose to the people as you can see now bitcoin is very fast to transfer in another wallet. So i think he created bitcoin to easy tranfer money using bitcoin. Nakamoto have an great idea to created a crypto currency that we can convert it in real money.For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: sasha456 on October 16, 2016, 05:55:38 PM Bitcoin is something useful. I believe it was created for the use of the people. Anonymous fast transactions without taxes, the Government cannot control BTC. This is why it was created.
Title: Re: For what was Bitcoin created? Post by: Natlind on October 16, 2016, 06:08:37 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. I think Nakamoto created bitcoin for a good purpose to the people as you can see now bitcoin is very fast to transfer in another wallet. So i think he created bitcoin to easy tranfer money using bitcoin. Nakamoto have an great idea to created a crypto currency that we can convert it in real money.For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: vero on October 16, 2016, 07:02:50 PM each user has their own view why bitcoin was created, other one sees bitcoin as a currency, investment, it all depends on what they think at least that's what we know benefit from bitcoin
Title: Re: For what was Bitcoin created? Post by: sasha456 on October 16, 2016, 07:59:50 PM Bitcoin is money and money are created for the purpose of spend them. You can buy something using bitcoin and this is great.
Title: Re: For what was Bitcoin created? Post by: calkob on October 16, 2016, 08:59:11 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? The white paper that satoshi wrote gives the reason that it was created just read it here ]lhttps://bitcoin.org/bitcoin.pdf] (http://lhttps://bitcoin.org/bitcoin.pdf) also satoshi would not have known at the time that it would ever be successful so it wasnt to make money. Gold also is backed by nothing and is only valuable because people accept it and believe in it. Title: Re: For what was Bitcoin created? Post by: boyptc on October 17, 2016, 04:31:06 AM Bitcoin is money and money are created for the purpose of spend them. You can buy something using bitcoin and this is great. Well that is given and bitcoin was created for our own use and that is going to make us more comfortable and convenient for using it. And it is created for all of us because who are the ones that will use bitcoin but no other than us, the people. So bitcoin was created for us and to be able to spend that for anything we want to use. Title: Re: For what was Bitcoin created? Post by: pooya87 on October 17, 2016, 04:47:37 AM each user has their own view why bitcoin was created, other one sees bitcoin as a currency, investment, it all depends on what they think at least that's what we know benefit from bitcoin other ways, like investment and ... are the ways people use bitcoin it is not the reason bitcoin was created. satoshi was not looking for making an investment opportunity when he created bitcoin. it was created as a currency first, a way to transfer money peer to peer without the need of a third party like a bank. Title: Re: For what was Bitcoin created? Post by: Gimo on October 17, 2016, 05:09:59 AM Bitcoin is something new in the financial world. Perhaps for that it was created.
Title: Re: For what was Bitcoin created? Post by: darety1 on October 17, 2016, 07:05:55 AM I was thinking a lot about it and I think that it was created for a lot of purpose and maybe we will never know what is the main one.
Title: Re: For what was Bitcoin created? Post by: madwica on October 17, 2016, 09:23:07 AM Bitcoin is money and money are created for the purpose of spend them. You can buy something using bitcoin and this is great. The purpose to help more people to generate money to increase our revenue, and also bitcoin help to make our life easier by using bitcoin wallet with more great services.Title: Re: For what was Bitcoin created? Post by: Natlind on October 23, 2016, 01:00:30 PM This could have been created to have an independent currency without banking system and the control of government. The other goal would have been to see all experience profits. There was a big struggle in introducing this at the beginning. As we all know, BTC did not have any value when it was introduced. Soon later, its values kept flying and kept an example for banks and governments that it can replace banking systems.
Title: Re: For what was Bitcoin created? Post by: iqlimasyadiqa on October 23, 2016, 01:05:49 PM bitcoin is not made only for a community or group of people. but bitcoin created for all citizens in this world. all things to ease a variety of people's lives.
Title: Re: For what was Bitcoin created? Post by: jonahmarieaton101 on October 23, 2016, 01:40:58 PM For what was bitcoin created? well actually it was been created for some purposes, maybe they created it to have independent currency without any banking system, they created bitcoin to give chances to some people to hold money. Also the purpose to try some investments to gain more profit. Thats my perspective.
Would you mind to share your thoughts guys? :D Title: Re: For what was Bitcoin created? Post by: OpenTalkLab on October 23, 2016, 01:57:28 PM Anonymous,Saving Time.
I think this is the top 2 reason bitcoin created for.No one will be able to know who's are you, Using your bitcoin address.Bank never gives you a safe space but with bitcoin no one will be able to keep track of your money. Also time is very valuable.With bitcoin you can send money to anywhere anytime in seconds and it's very easy. Title: Re: For what was Bitcoin created? Post by: clickerz on October 23, 2016, 02:08:04 PM The reason why Satoshi created a bitcoin was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees. He has a god intention that we are all are benefiting from it. As it evolves, it attracts thousands of people and possibly millions now and counting.
Title: Re: For what was Bitcoin created? Post by: x4 on October 23, 2016, 02:47:19 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. As what almost bitcoin users know bitcoin is created to make a decentralize digital currency and its goal is to make a kind of money that uses cryptography to control its creation and transactions. Bitcoin is not created to make Satoshi rich by making this kind of currency. And that's why he made it as an open source so that every developers can improve the software and can make their own bitcoin and that's why altcoins are made.For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: Omegasun on October 23, 2016, 03:19:56 PM Anonymous,Saving Time. I think this is the top 2 reason bitcoin created for.No one will be able to know who's are you, Using your bitcoin address.Bank never gives you a safe space but with bitcoin no one will be able to keep track of your money. Also time is very valuable.With bitcoin you can send money to anywhere anytime in seconds and it's very easy. In our country. Bitcoin is not anonymous anymore because the only bitcoin wallet working here needs id verification and selfie verification to update and withdraw your bitcoins to fiat. This is very awkard as a bitcoin user. I earned bitcoins anonymously but i withdraw it with my identity ao it is useleas because if the source of your funds is from illegal. It will got banned and loss to the owner. Title: Re: For what was Bitcoin created? Post by: lol3c on October 23, 2016, 03:37:42 PM Maybe he just doesn't like the way that real money works as it still has some limits so he came up with an idea of a currency that doesn't restricted by any governments. But who knows what happened, and the only we know that bitcoin is a powerful currency and the future is quite potential.
Title: Re: For what was Bitcoin created? Post by: n2004al on October 23, 2016, 03:46:26 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? He invented bitcoin to show that exist a product created using the peer to peer technology. Title: Re: For what was Bitcoin created? Post by: Rostadom on October 23, 2016, 03:55:46 PM I think bitcoin was created for us to be freed from the power of government. Not in like a juridical way, but in terms of money. Admit it, we're all annoyed by that 12% value added tax on everything that we buy, that income tax too that is subtracted to whatever we earned in fiat. We don't even feel that those taxes that we are paying are actually being used in a good way.
Bitcoin is also a better way of paying people abroad. Paypal and all those other payment methods has a lot of fees and have a lot of issues. Bitcoin doesn't have those kind of stuffs. Title: Re: For what was Bitcoin created? Post by: th3nolo on October 23, 2016, 10:50:17 PM It was created to prevent third parties to use your money, if we look a little history about bitcoin. those were the initial ideals of Satoshi Nakamoto ::).
Title: Re: For what was Bitcoin created? Post by: veleten on October 23, 2016, 11:31:50 PM it was an experiment that went right
bitcoin was created as an alternative to fiat money blockchain technology in itself is more important than bitcoin,IMHO as it gave birth to many more ideas and businesses besides bitcoin Title: Re: For what was Bitcoin created? Post by: springgers on October 23, 2016, 11:52:14 PM it was an experiment that went right bitcoin was created as an alternative to fiat money blockchain technology in itself is more important than bitcoin,IMHO as it gave birth to many more ideas and businesses besides bitcoin I have the same thought, blockchain is always more important than Bitcoin... Bitcoin is just an example of what blockchain can do. And well, now we can make transactions in a fast way without banks. Title: Re: For what was Bitcoin created? Post by: BingoDog on October 24, 2016, 12:02:18 AM People, to be more precised some very inovative people, who were tired of banks and their corrupt syestem were looking for some alternative to traditional financial system and Bitcoin and blockchain were created. I agree with some members here who say that blockchain is even more important then Bitcoin.
Title: Re: For what was Bitcoin created? Post by: BitMaxz on October 24, 2016, 12:03:17 AM Its obvious that bitcoin is money and i think he created this project it is because he needs a money he did not expected that bitcoin will be more popilar until altcoin also release.. satoshi nakamoto i think is marketter and program and he is not hoping that bitcoin will be high the price just like the price right now.
Title: Re: For what was Bitcoin created? Post by: Omegasun on October 24, 2016, 12:44:15 AM Its obvious that bitcoin is money and i think he created this project it is because he needs a money he did not expected that bitcoin will be more popilar until altcoin also release.. satoshi nakamoto i think is marketter and program and he is not hoping that bitcoin will be high the price just like the price right now. I think he will. Every developer has a great expectation for their project especially if they gave much time on it. I think the developer has a problem on his identity or he was a rich guy trying to evade tax. Because bitcoin features are all pointing to that perspective. I'm sure that he is very rich now because he still holds a lot of btc that mined on when btc is newly developed. Title: Re: For what was Bitcoin created? Post by: madwica on October 24, 2016, 02:37:18 AM I think bitcoin was created to help those people who need extra cash for additional fund for our expenses and to have investment which are help us to make more money in the future.
Title: Re: For what was Bitcoin created? Post by: bamboylee on October 24, 2016, 02:59:49 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? I think this question can be answered by reading the white paper https://bitcoin.org/bitcoin.pdf (https://bitcoin.org/bitcoin.pdf) . I think earning a lot of money from bitcoin is just a side effect of his creation. Anyway you can earn from any currency, even the scam ones. The most important part of bitcoin is having a payment system that works on a trustless network and does not need any third party. Title: Re: For what was Bitcoin created? Post by: JeffBrad12 on October 24, 2016, 03:00:39 AM It was created to prevent third parties to use your money, if we look a little history about bitcoin. those were the initial ideals of Satoshi Nakamoto ::). I guess, bitcoin are made for the easiest way the people making a transaction in the digital currencies and i never think if there another purpose from that the bitcoin is made for. but for avoid the centralized system i thought can be a strong important too.Title: Re: For what was Bitcoin created? Post by: delliaerd on October 24, 2016, 03:09:49 AM It was created to prevent third parties to use your money, if we look a little history about bitcoin. those were the initial ideals of Satoshi Nakamoto ::). I guess, bitcoin are made for the easiest way the people making a transaction in the digital currencies and i never think if there another purpose from that the bitcoin is made for. but for avoid the centralized system i thought can be a strong important too.Title: Re: For what was Bitcoin created? Post by: marleybobthedog on October 24, 2016, 03:51:31 AM Yes exactly he had created bitcoin bout to make profit but top make transaction and payment over the internet without any barriers like government taxes , time limit, amount limit. So to surpass all these he had gifted the technology to us.
Title: Re: For what was Bitcoin created? Post by: qiwoman2 on October 24, 2016, 05:01:13 AM It was created as a disruptive technology mainly in order for everyone to be able to take more control and charge of their lives. This can mainly be done through financial liberation, not only political, but Bitcoin makes both a technological and political statement as well, saying we are FREE.
Title: Re: For what was Bitcoin created? Post by: mlbs on October 24, 2016, 01:28:10 PM I agree most of the posts here. I believe that the creation of bitcoin is somewhat more focused on giving back to the people to control money without any government who interferes. Without any taxes being imposed upon by the authories (well aside to those countries who really made its own regulations in using bitcoins. And most importantly, the creation of bitcoin made a lot of transactions fast and easy.
Title: Re: For what was Bitcoin created? Post by: sonnyacg on November 09, 2016, 07:32:57 AM I think that bitcoin is created in response to the weakness of cash and credit cards. If you tell the credit card fraud and the cash has been used for illegal kegiaan possible. Excess bitcoin compared with a credit card is the protection seller. Buyers can not do a charge back. After bitcoin is sent to the recipient can not be withdrawn or derail the transaction. Bitcoin has become a phenomenon of technological progress payments. Bitcoin is designed not for a criminal offense or a violation of law. bitcoin otherwise very protective of its users because the transactions that occur are recorded and can be accessed by the public on the "Chain Block (Blockchain)".
Title: Re: For what was Bitcoin created? Post by: icecube45 on November 09, 2016, 08:02:49 AM Bitcoin is a virtual currency used without intermediaries, so no bank as an intermediary. And bitcoin not incur a huge cost, so there are no pieces that will drain. Bitcoin is made to follow the development of the era. In today's digital era bitcoin made to follow these developments.
Title: Re: For what was Bitcoin created? Post by: stomachgrowls on November 09, 2016, 08:21:06 AM We dont know the exact reason why satoshi nakamoto created bitcoin but on the bitcoins characteristics speaks to itself why its being created. We could say that saothis might give us freedom to take full control of our money without the involvement of banks and making online transactions more oooooooooofar away better compared to traditional ways.
Title: Re: For what was Bitcoin created? Post by: thejaytiesto on November 09, 2016, 03:21:32 PM We dont know the exact reason why satoshi nakamoto created bitcoin but on the bitcoins characteristics speaks to itself why its being created. We could say that saothis might give us freedom to take full control of our money without the involvement of banks and making online transactions more oooooooooofar away better compared to traditional ways. I think satoshi was a libertarian that wanted to give people an alternative to government's financially issued currencies. He was sick of the establishment. You can sense this because he included a newspaper about the 2008 financial crash in the genesis block: https://en.bitcoin.it/wiki/Genesis_block Code: 00000000 01 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 ................ That was a beautiful touch by satoshi. Title: Re: For what was Bitcoin created? Post by: Roger Burton on November 09, 2016, 05:38:02 PM Whatever the reason is, bitcoin has helped many people. I think Satochi maybe created to earn money and he created a new way, people connect each other not only for money but for many others. Maybe the only think he was is to be rich, I don't know but bitcoin has changed many lifes since then.
Title: Re: For what was Bitcoin created? Post by: xIIImaL on November 09, 2016, 05:49:29 PM Whatever the reason is, bitcoin has helped many people. I think Satochi maybe created to earn money and he created a new way, people connect each other not only for money but for many others. Maybe the only think he was is to be rich, I don't know but bitcoin has changed many lifes since then. It's a stupid question. It's so simple people need to get updated every things. It's same like that guys. It's a updation for currency evolution. You can similarly compare with robots Title: Re: For what was Bitcoin created? Post by: error08 on November 09, 2016, 06:14:43 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? if Satoshi was looking for money the he would have dumped his coins a long time ago back in the time of $1200 level and then bough back and dumped again and again just like what many other altcoin developers are doing. Quote Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? my thought is that you should read the bitcoin white paper. bitcoin was created to introduce the new form of money that you said yourself too, a public ledger which is decentralized and helps us be our own bank. Bitcoin give us full control and be ourselves banks, in other words bitcoin is banking without bank, no need to join in bank systems. Title: Re: For what was Bitcoin created? Post by: prabowo96 on November 09, 2016, 11:24:16 PM There are many explaining about aim of bitcoin be created, so let me for giving my opinion too at here, the bitcoins be created for making transaction around the world with fast,secure,low fees and it will become money in the future, it is free there are not regulator for bitcoin. And the principal thing: with no one controling it ;) Banks are rich because they steal money from costumers. Title: Re: For what was Bitcoin created? Post by: outatime1 on November 09, 2016, 11:34:41 PM I think at least part of the reason was to make a method of sending money electronically while being independent of banks and a government. It is also a way to store money without using a bank.
Title: Re: For what was Bitcoin created? Post by: mrcash02 on November 10, 2016, 12:22:06 AM I think at least part of the reason was to make a method of sending money electronically while being independent of banks and a government. It is also a way to store money without using a bank. Yes, independently of governments and being anonymous. In my opinion Bitcoin was made to make our lifes easier. We can pay lowest fees per transaction, different from bank transactions, and earn money easily on the internet by doing simple tasks or working with our skills. Bitcoin was made to make the difference in the world, that was the currency many people were dreaming for. Title: Re: For what was Bitcoin created? Post by: freebutcaged on November 10, 2016, 12:27:59 AM For a prank and entertaining purposes only eh? first of all if someone wants to know about the fundamental information about bitcoin then should first get to know what it is at all.
It's a currency which no government or centralized authority can decide who can have more and who can have less simply people can decide and be their own banks , freedom baby freedom. Title: Re: For what was Bitcoin created? Post by: serjent05 on November 10, 2016, 12:53:08 AM Bitcoin is created to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees. The creator Satoshi Nakamoto then created bitcoin which was an electronic payment system based on mathematical proof and at the same time patterned how much gold is mined.
Title: Re: For what was Bitcoin created? Post by: Catlonid on November 10, 2016, 12:54:21 AM I think bitcoin was created to help those people who need extra cash for additional fund for our expenses and to have investment which are help us to make more money in the future. agree with you, bitcoin can make extra fund and don't forget bitcoin is freedom. bitcoin also train to write a good post. bitcoin also train your patience which you must patience if applying joining signature campaign you must wait. bitcoin also train your smart because make a good post must have a smart brain.Title: Re: For what was Bitcoin created? Post by: groll on November 10, 2016, 12:57:36 AM Whatever the reason is, bitcoin has helped many people. I think Satochi maybe created to earn money and he created a new way, people connect each other not only for money but for many others. Maybe the only think he was is to be rich, I don't know but bitcoin has changed many lifes since then. Yeah there are reasons why bitcoin was created. But the important thing right now are the benefits people get from it. Like the innovative ways of transferring money, paying, earning, and trading as well. The fast and good money transactions are really favorable to us in a way that we don't have to consider any third party in every deal we make such that we don't have to pay some additional payments like we usually do. Title: Re: For what was Bitcoin created? Post by: Adbitco on November 10, 2016, 01:10:39 AM Apart from all the other reasons which have already been mentioned by other members like decentralized currency etc etc one of the reasons might have been that of having a currency which can easily be used on the internet
Title: Re: For what was Bitcoin created? Post by: The_Dark_Knight on November 10, 2016, 01:15:32 AM Personally I think bitcoin was created to give the power back to people regarding their currency, if you think about it the governments of the world and the banks have a complete monopoly on it, so satoshi created something that is not backed by any government or bank.
Title: Re: For what was Bitcoin created? Post by: rizkyhiw on November 10, 2016, 01:26:30 AM Apart from all the other reasons which have already been mentioned by other members like decentralized currency etc etc one of the reasons might have been that of having a currency which can easily be used on the internet bitcoin more than that , bitcoin invented as a revolutional moneywe've saturated on how government takes our money and ruled it with bitcoin you can rule your own money as you wish. Title: Re: For what was Bitcoin created? Post by: Yakamoto on November 10, 2016, 01:35:04 AM Apart from all the other reasons which have already been mentioned by other members like decentralized currency etc etc one of the reasons might have been that of having a currency which can easily be used on the internet bitcoin more than that , bitcoin invented as a revolutional moneywe've saturated on how government takes our money and ruled it with bitcoin you can rule your own money as you wish. Title: Re: For what was Bitcoin created? Post by: rik3 on November 10, 2016, 02:09:11 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. According to Me Nakamoto Creates Bitcoin For Inventing a New Currency That is Digital And Can't Be in Physical Form and Also It ud a Way of Earning Money For Me Because Bitcoin Helped Me a Lot About Earning Money Online......For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? So I Think that It is Created For Both For Inventing Something New and Also For Helping Thousands Of People...... Title: Re: For what was Bitcoin created? Post by: LiberOptions on November 10, 2016, 02:50:25 PM Bitcoin was created to provide people the chance off having total control of their own money without having to rely in third parties. It is also the first decentralized currency in all huma history
Title: Re: For what was Bitcoin created? Post by: croutonhexagon on November 10, 2016, 04:14:13 PM Bitcoin had come up to us because is much better and have total freedom of using it. Bitcoin had originally designed keeping in view to reduce the burden of using banking system online but later the concept came out as another idea and users from across the world had started using it and now we see this as digital money in short cryptocurrency
Title: Re: For what was Bitcoin created? Post by: requester on November 10, 2016, 04:20:16 PM In my view bitcoin was generally created by Satoshi nakamoto for payment system in online websites and other medium and also to produce money without need of government and bypassing all rules and regulations set by government. And also he might had seen potential to make money out of computer that too for free
Title: Re: For what was Bitcoin created? Post by: marleybobthedog on November 10, 2016, 05:00:34 PM Most probably bitcoin was created for making many transaction easier because Satoshi wanted to eradicate transaction fee and other barriers set by government of various countries so he might have come up with the idea of bitcoin but now the scenario had changed and people are using bitcoin for making profit by trading and through other methods
Title: Re: For what was Bitcoin created? Post by: Daffadile on November 10, 2016, 06:00:57 PM I think it was created simply because people are sick of banks and also the technology of the blockchain is the future of technology. There is no need for paper money anymore since that is outdated. It is only natural for the next step to be electronic since that is the way the world is heading. We all pretty much always online.
Title: Re: For what was Bitcoin created? Post by: jak3 on November 10, 2016, 06:22:56 PM i think bitcoin was created an upgrade of the koney system or we can call an advanced banks where our money will be managed and protected by us .but news and people says that bitcoin is an faied project
Title: Re: For what was Bitcoin created? Post by: The_Dark_Knight on November 11, 2016, 12:35:26 AM After reading some of the responses in this thread I cannot help but wonder, and what if Satoshi created bitcoin just for the lolz? What if he created bitcoin just because he could and he just wanted to see what the people of the world will do with it?
Title: Re: For what was Bitcoin created? Post by: arransiv on November 11, 2016, 07:43:17 AM I think bitcoin was created to help those people who need extra cash for additional fund for our expenses and to have investment which are help us to make more money in the future. agree with you, bitcoin can make extra fund and don't forget bitcoin is freedom. bitcoin also train to write a good post. bitcoin also train your patience which you must patience if applying joining signature campaign you must wait. bitcoin also train your smart because make a good post must have a smart brain.What are you talking about? extra cash? Bitcoin is just a currency, created to be an descentralized currency to not depend from governments, big banks, a way to make transactions fast with low fees. Why are you relating the criation of bitcoin to signature campaigns? Title: Re: For what was Bitcoin created? Post by: marleybobthedog on November 11, 2016, 05:27:01 PM Generally it was developed by Satoshi for the purpose of eradication of unnecessary verification and to overcome various barriers set by central government. Also to transact money to other countries it's a head ache for some user so bitcoin would serve that purpose. But why actually is happening is that people are using it like gold to make profit and buy and selling goods with bitcoin is very less
Title: Re: For what was Bitcoin created? Post by: Mr.grin on November 11, 2016, 06:11:41 PM I feel that bitcoin is made to simplify all transactions on the Internet, but it also created bitcoin as an investment tool. well, so with the making bitcoin, they hope that bitcoin bsia used as it is, and now it becomes the real thing, and even this possibly, exceed their expectations, because soon bitcoin will be known by the whole world
Title: Re: For what was Bitcoin created? Post by: wahyoezz25 on November 11, 2016, 06:49:28 PM maybe for money laundering officials ;D
Title: Re: For what was Bitcoin created? Post by: krishna1 on November 11, 2016, 07:07:19 PM bitcoin is a digital cryptocurrency and i think it is a better alternative of banks as it is open source and had high security plus have transparent network with simi anonymity. all these featires make it a greate option for money use or business world
Title: Re: For what was Bitcoin created? Post by: john2231 on November 11, 2016, 08:59:28 PM I really don't know if what is behind why bitcoin was created but i think they are creating it as alternative currency and use for trading purposes you know forex before maybe because of other exchange site.. and now bitcoin has a value and some clone or altcoin made and release new trading sites until the value of bitcoin is high. until more adoption will come with bitcoin and more merchant are accepting bitcoin..
Title: Re: For what was Bitcoin created? Post by: eternalgloom on November 11, 2016, 09:37:23 PM I really don't know if what is behind why bitcoin was created but i think they are creating it as alternative currency and use for trading purposes you know forex before maybe because of other exchange site.. and now bitcoin has a value and some clone or altcoin made and release new trading sites until the value of bitcoin is high. until more adoption will come with bitcoin and more merchant are accepting bitcoin.. Your comment makes absolutely no sense, the reason why Bitcoin was created can be read in the original whitepaper. And it's not just for trading purposes or whatever you are trying to say.. Title: Re: For what was Bitcoin created? Post by: Kale99 on November 11, 2016, 10:00:32 PM I think BTC Devs haven't expect such profit turn of event. Initially it was implemented just for fun.
Title: Re: For what was Bitcoin created? Post by: prabowo96 on November 11, 2016, 10:20:05 PM I really don't know if what is behind why bitcoin was created but i think they are creating it as alternative currency and use for trading purposes you know forex before maybe because of other exchange site.. and now bitcoin has a value and some clone or altcoin made and release new trading sites until the value of bitcoin is high. until more adoption will come with bitcoin and more merchant are accepting bitcoin.. Your comment makes absolutely no sense, the reason why Bitcoin was created can be read in the original whitepaper. And it's not just for trading purposes or whatever you are trying to say.. There's a lot of no sense comments here and that's why bitcoin comunity don't grow. Can you imagine those guys explaining what's bitcoin to others people? Title: Re: For what was Bitcoin created? Post by: The_Dark_Knight on November 12, 2016, 01:19:26 AM Generally it was developed by Satoshi for the purpose of eradication of unnecessary verification and to overcome various barriers set by central government. Also to transact money to other countries it's a head ache for some user so bitcoin would serve that purpose. But why actually is happening is that people are using it like gold to make profit and buy and selling goods with bitcoin is very less Anything that has value will end up being traded, the fact that bitcoin is being treated the same as gold should tell to any of us how valuable is bitcoin for people of the world.Title: Re: For what was Bitcoin created? Post by: MONKEYJUNK on November 12, 2016, 02:59:55 AM Try to read the whitepaper https://bitcoin.org/bitcoin.pdf (https://bitcoin.org/bitcoin.pdf)
I think everyone start to use the cryptocurrency but none read the basic. Title: Re: For what was Bitcoin created? Post by: ranochigo on November 12, 2016, 03:26:25 AM Satoshi did not expect Bitcoin to become this popular and he most probably wanted Bitcoin to be a virtual currency to be used for micro transactions online instead of in actual stores. Satoshi most probably wanted to offer an alternate currency that has a fixed market capital and is trustless, with all the bank bailouts.
Title: Re: For what was Bitcoin created? Post by: CasioK on November 12, 2016, 06:37:20 AM Satoshi did not expect Bitcoin to become this popular and he most probably wanted Bitcoin to be a virtual currency to be used for micro transactions online instead of in actual stores. No one usually wants their inventions to stay within small circle so even Satoshi would have explained the purposes of bitcoin for focusing micro transactions, his inner thoughts must have imagined about transactions involving trillion dollars.Satoshi most probably wanted to offer an alternate currency that has a fixed market capital and is trustless, with all the bank bailouts. Independent currency to get rid off PayPal type of most problematic processors, yes breaking the dominance of PayPal must be one the objective of bitcoin when we consider online usage.Title: Re: For what was Bitcoin created? Post by: rababo on November 12, 2016, 12:52:16 PM As far as I know, bitcoin was mainly created for decentralisation of money, so people can control their own bitcoin without any interfere from government.
Also bitcoin can be an alternate form of money especially for digital currency. Title: Re: For what was Bitcoin created? Post by: clickerz on November 12, 2016, 01:15:18 PM Satoshi did not expect Bitcoin to become this popular and he most probably wanted Bitcoin to be a virtual currency to be used for micro transactions online instead of in actual stores. Satoshi most probably wanted to offer an alternate currency that has a fixed market capital and is trustless, with all the bank bailouts. Maybe and did not expect that it will reach more than $19 Billion market capitalization. But maybe the possibilities are already in his mind when he created bitcoin. Bicoin is something that he can be proud of, it changes lives of many people. Title: Re: For what was Bitcoin created? Post by: Labumi on November 12, 2016, 01:26:09 PM Satoshi did not expect Bitcoin to become this popular and he most probably wanted Bitcoin to be a virtual currency to be used for micro transactions online instead of in actual stores. Satoshi most probably wanted to offer an alternate currency that has a fixed market capital and is trustless, with all the bank bailouts. Maybe and did not expect that it will reach more than $19 Billion market capitalization. But maybe the possibilities are already in his mind when he created bitcoin. Bicoin is something that he can be proud of, it changes lives of many people. Yup, who wouldn't be proud if his creation can be beneficial to everyone and give the owner a very big advantage ..? / . all people will definitely feel something very good, however I think satoshi will not disclose ', for if that is done then there will be the possibility that bitcoin will switch to digital in the currency paid. so it will be something like paypal. the most important for me is bitcoin still gives an advantage to me Title: Re: For what was Bitcoin created? Post by: carlfebz2 on November 12, 2016, 01:31:28 PM Satoshi did not expect Bitcoin to become this popular and he most probably wanted Bitcoin to be a virtual currency to be used for micro transactions online instead of in actual stores. Satoshi most probably wanted to offer an alternate currency that has a fixed market capital and is trustless, with all the bank bailouts. Maybe and did not expect that it will reach more than $19 Billion market capitalization. But maybe the possibilities are already in his mind when he created bitcoin. Bicoin is something that he can be proud of, it changes lives of many people. Title: Re: For what was Bitcoin created? Post by: millgates on November 12, 2016, 01:36:55 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. I think bitcoin is created to be currency. But in the journey bitcoin become good investment too.For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: KaliLinux on November 12, 2016, 01:42:51 PM As far as I know, bitcoin was mainly created for decentralisation of money, so people can control their own bitcoin without any interfere from government. He might have thought to create digital currency where everything can be done online. He might have thought to bring a big change in usage of currency and thought this would influence the market and BTC can become a steady currency to be used worldwide. Though it had lot struggles in the beginning, it has become a main currency with huge value. Also bitcoin can be an alternate form of money especially for digital currency. Title: Re: For what was Bitcoin created? Post by: dollarneed on November 12, 2016, 02:04:57 PM Acording to satoshis statemant, we can understand why he created bitcoin???
"I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party." It's clearly that bitcoin was created to be a decentralized currency, so no one or any instution controll it, i strongly believe he just want to a freedom. Title: Re: For what was Bitcoin created? Post by: Zadicar on November 12, 2016, 02:11:50 PM Acording to satoshis statemant, we can understand why he created bitcoin??? "I've been working on a new electronic cash system that's fully peer-to-peer, with no trusted third party." It's clearly that bitcoin was created to be a decentralized currency, so no one or any instution controll it, i strongly believe he just want to a freedom. Its a total freedom especially to those institutions or businesses that do impose huge fees regarding on money transfers. Bitcoin is a successful invention of satoshi and he achieve his ambitions regarding to this project which people do really benefit from it not only on money transfer but also on earning money. Title: Re: For what was Bitcoin created? Post by: Victorycoin on November 12, 2016, 02:23:22 PM I think that people here are more worried why all those altcoins are created every day rather than asking for bitcoin. All altcoins are copy cats of bitcoin and the fact there are now too many of them, is an indication that bitcoin is such a success,nobody copies or bother to identify with failure. I think Satoshi drive in creating bitcoin wasn't essentially for profit making, but that to have effective peer to peer transaction devoured of any interference. As people began to test this invention, they realized it is an answer to so many financial issues we are have been helpless about and that's what triggered the profit and copy cats.Bitcoin is a new innvoation and it's made to have a freedom of our money and making transactions less costly. Title: Re: For what was Bitcoin created? Post by: Daniel91 on November 12, 2016, 02:52:04 PM I always felt that we started new revolution with bitcoin.
Until now, many average people struggled financially because of the banks and the government. Bitcoin really changed everything for the better. We, average guys, finally can get rid from the banks, achieve financial freedom, become rich, quit our regular jobs etc. Bitcoin also bring revolution in payments, security and many other areas around us. It's great to be part of the real revolution :) Title: Re: For what was Bitcoin created? Post by: 20kevin20 on November 12, 2016, 02:54:48 PM It has been created to 'revolutionize' the other currencies around the world. Bitcoin is almost completely anonymous (there are ways you can go for to find the wallet owners), and has an interesting way of earning it: the whole mining thing. It's the first currency to have this idea and it's awesome. I am wondering where will all this stop at.
Title: Re: For what was Bitcoin created? Post by: wahyoezz25 on November 12, 2016, 02:59:18 PM It has been created to 'revolutionize' the other currencies around the world. Bitcoin is almost completely anonymous (there are ways you can go for to find the wallet owners), and has an interesting way of earning it: the whole mining thing. It's the first currency to have this idea and it's awesome. I am wondering where will all this stop at. agree with you. its like revelutionize :D Title: Re: For what was Bitcoin created? Post by: Doamader on November 12, 2016, 04:23:28 PM I believe that Nakamoto had created bitcoin to show to the world that thats possible we have a decentralized currencie and that the market, community will give value, besides that, looks like he saw the waste that are being made with transaction fees, and he made an amazing system of transactions with low cost, saving milions.
Title: Re: For what was Bitcoin created? Post by: miscreantskua on November 12, 2016, 05:53:56 PM revolution of payment system
Title: Re: For what was Bitcoin created? Post by: digaran on November 12, 2016, 05:59:19 PM Actually bitcoin is one of many products of block chain technology and is not just a currency but an invention for making the money for the people and take the power from governments in printing money.
Bitcoin was there to grab only someone invented it. Title: Re: For what was Bitcoin created? Post by: socks435 on November 12, 2016, 06:25:48 PM Actually bitcoin is one of many products of block chain technology and is not just a currency but an invention for making the money for the people and take the power from governments in printing money. I think they are created bitcoin for anonymous transaction purposes without government involve so and they are keep this bitcoin to have a value until more people knows it.. and now more stores and more people knows bitcoin and more investors are come.. Bitcoin was there to grab only someone invented it. Title: Re: For what was Bitcoin created? Post by: ekoice on November 12, 2016, 07:46:07 PM Bitcoin was mainly created to save people from banks and governments,to make them financially independent.Banks and governments tried a lot to destroy Bitcoins, but couldnot and Bitcoin has survived and is acheiving the objectives for what it was created.
Title: Re: For what was Bitcoin created? Post by: coinsocieties on November 12, 2016, 08:07:29 PM Everyone says it is not supported by gold or such, but indirectly it actually is supported by gold and such. The money we purchase bitcoin with is supported by gold and this is just another form of currency, even if the government does not consider it currency, it can be traded for currency, so it is just as good.
Title: Re: For what was Bitcoin created? Post by: Skarner21 on November 12, 2016, 09:18:05 PM Well for me bitcoin was created because they seen that there is no currency online are anonymous and there is no currency that we can use from gambling online.. so he was created bitcoin in order to have a freedom no government involve..
Title: Re: For what was Bitcoin created? Post by: Sled on November 12, 2016, 11:11:55 PM In my opinion, Satoshi creates Bitcoin to stand as a opportunity to those people who want to earn money by just sitting in front of their computer all day. In Bitcoin there are a lot of ways to earn money and that is one of the advantage of Bitcoin. Satoshi created Bitcoin to help other people to earn money without requiring various skills because you can still earn bitcoin even though you are not good in trading because there are still different ways to earn bitcoin ;).
Title: Re: For what was Bitcoin created? Post by: arcanaaerobics on November 12, 2016, 11:16:59 PM In my opinion, Satoshi creates Bitcoin to stand as a opportunity to those people who want to earn money by just sitting in front of their computer all day. In Bitcoin there are a lot of ways to earn money and that is one of the advantage of Bitcoin. Satoshi created Bitcoin to help other people to earn money without requiring various skills because you can still earn bitcoin even though you are not good in trading because there are still different ways to earn bitcoin ;). This awnsers shock me, how the creation of bitcoin can be relacioned to sitting in front a pc all day to earn money? There's a lot of ways to earn fiat with the same thing, like freelancer sites and things like that. Title: Re: For what was Bitcoin created? Post by: jovs on November 13, 2016, 12:12:20 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. It was created to do an independent digital currency and makes transaction online easier. It was used because it is more secured,widespread, and very cosistent in the market.For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: romero121 on November 13, 2016, 02:08:09 AM It's been as a token for storing values, which eventually changed and got into a transaction medium for the high stored values. Now it has got revolutionized to be a investment, digital asset, digital currency with unique features and accessibility.
Title: Re: For what was Bitcoin created? Post by: shinratensei_ on November 13, 2016, 02:20:14 AM Bitcoin was mainly created to save people from banks and governments,to make them financially independent.Banks and governments tried a lot to destroy Bitcoins, but couldnot and Bitcoin has survived and is acheiving the objectives for what it was created. Even if you're want to say the bank will destructing bitcoin, I guess you're need typewriting about the Google URL before and trying for finding some scientific article or news about that. It's not simple like you said all of the level, politic, economy, society entirely. All degree in the community. Title: Re: For what was Bitcoin created? Post by: Omega Weapon on November 13, 2016, 02:31:14 AM Actually bitcoin is one of many products of block chain technology and is not just a currency but an invention for making the money for the people and take the power from governments in printing money. You are talking about bitcoin as if it was a natural resource someone just grabbed form the floor and took advantage of it, this is not the case Satoshi must have spent innumerable hours thinking about how to make bitcoin work.Bitcoin was there to grab only someone invented it. Title: Re: For what was Bitcoin created? Post by: Dudeperfect on November 13, 2016, 02:31:53 AM revolution of payment system Yes, the main reason that bitcoin is so popular is because there were flaws in traditional payment system in fiat currency. Bitcoin emerged with the aid to deal with the obstacles of fiat payment system. Although bitcoin is popular now, we shouldn’t forget that we are still in the beginning and yet to reach new milestones as far as global fund transfer industry is concerned. The prime cause for bitcoin is revolution of payment system that was not possible in fiat. Title: Re: For what was Bitcoin created? Post by: prabowo96 on November 13, 2016, 05:57:06 AM revolution of payment system Yes, the main reason that bitcoin is so popular is because there were flaws in traditional payment system in fiat currency. Bitcoin emerged with the aid to deal with the obstacles of fiat payment system. Although bitcoin is popular now, we shouldn’t forget that we are still in the beginning and yet to reach new milestones as far as global fund transfer industry is concerned. The prime cause for bitcoin is revolution of payment system that was not possible in fiat. The bigger problem with fiat is the banks, every transaction passes by hands of banks, they are slow, they have taxes, they don't offer anonymity to you and they are holding your money and you can't trust this because we never know the day of tomorrow. But I see a lot of people here using exchanges as a wallet and in this way we end in the same problem. Title: Re: For what was Bitcoin created? Post by: Dudeperfect on November 13, 2016, 09:42:53 AM revolution of payment system Yes, the main reason that bitcoin is so popular is because there were flaws in traditional payment system in fiat currency. Bitcoin emerged with the aid to deal with the obstacles of fiat payment system. Although bitcoin is popular now, we shouldn’t forget that we are still in the beginning and yet to reach new milestones as far as global fund transfer industry is concerned. The prime cause for bitcoin is revolution of payment system that was not possible in fiat. The bigger problem with fiat is the banks, every transaction passes by hands of banks, they are slow, they have taxes, they don't offer anonymity to you and they are holding your money and you can't trust this because we never know the day of tomorrow. But I see a lot of people here using exchanges as a wallet and in this way we end in the same problem. Well said, the bank as an intermediary takes a time to confirm the transaction and since bitcoin has one to one transaction system, there is no such issue of the time if sufficient fees are paid along with the transaction. However, I think banks should allow bitcoin because that will bring more people on the bitcoin board and it will give a boost to the bitcoin user’s community and it might take a comparatively long time to do it on our strength. I believe freedom is supreme but I also think institutions like banks would help those who can’t use bitcoin technology. Title: Re: For what was Bitcoin created? Post by: raven7886 on November 13, 2016, 10:58:48 AM The bigger problem with fiat is the banks, every transaction passes by hands of banks, they are slow, they have taxes, they don't offer anonymity to you and they are holding your money and you can't trust this because we never know the day of tomorrow. But I see a lot of people here using exchanges as a wallet and in this way we end in the same problem. Yes, bitcoin might have created just to break the traditional system of banking. They are surviving by sucking people's hard work. By giving the banking facility and functionality within people bitcoin is definitely helping to create new financial system in our life. The financial freedom must be the prime reason why bitcoin was created.Title: Re: For what was Bitcoin created? Post by: thejaytiesto on November 13, 2016, 02:33:14 PM The bigger problem with fiat is the banks, every transaction passes by hands of banks, they are slow, they have taxes, they don't offer anonymity to you and they are holding your money and you can't trust this because we never know the day of tomorrow. But I see a lot of people here using exchanges as a wallet and in this way we end in the same problem. Yes, bitcoin might have created just to break the traditional system of banking. They are surviving by sucking people's hard work. By giving the banking facility and functionality within people bitcoin is definitely helping to create new financial system in our life. The financial freedom must be the prime reason why bitcoin was created.Satoshi wanted people to have a way to save their wealth from financial crisis and also a way to make transactions outside of the radar of the government once they delete physical cash. He gave people a way to make themselves free from the big brother society that we are headed at. Title: Re: For what was Bitcoin created? Post by: Aamir1 on November 13, 2016, 03:04:38 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Not aware of his exact thoughts but as a prediction, maybe he thought of making something new, which would be a monetary system without any central control and it stays independent, ofcourse while creating it he would not have thought that it will get this much success but it did. Title: Re: For what was Bitcoin created? Post by: lOvE mE forEvEr on November 14, 2016, 01:19:27 PM Bitcoin was created for got profit and changr internet payment method like paypal, web money and more.
Title: Re: For what was Bitcoin created? Post by: Barbut on November 14, 2016, 01:50:44 PM Bitcoin is created to be a currency, currency that people will use and that will be transparent. Bitcoin is made to have no centralized control, to be something that people from all the world will work for. For me that is maybe most important part, bitcoin can give people another choice from fiat.
revolution of payment system Exactly like that, bitcoin can be revolution of payment system, and maybe this is why bitcoin is created to bring so needed changes in this world. Title: Re: For what was Bitcoin created? Post by: ashiqdey on November 14, 2016, 05:12:05 PM It was probably created for online peer to peer transactions which would reduce the burden and barriers set by government of various countries. This enabling super fast transaction without and barriers and user have full control over his money and no one could alter the system untill and unless the whole system get interrupted
Title: Re: For what was Bitcoin created? Post by: rikybrosh on November 15, 2016, 02:12:11 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. My brother told me that it was created to be a currency. It is awesome For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: rajasumi2 on November 15, 2016, 03:52:14 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. it was created to stop the corrupt system and not to make black money .well u may have heard that flat 500 1000 rupee notes have been removed and banned totally .well it is quite a relief for the common man .well statiscally 30 percent of the black money have been removed .so i guess bitcoin will be introduced tats y bitcoin was created by the creator..For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: asuryan180 on November 15, 2016, 04:32:49 AM Bitcoin was created so that people can send anonymously and fast currency or money without having to go through a middle man.That is the main concept of bitcoin,transactions are confirmed in only 10 minutes and the only real problem bitcoin faces is how to reduce that time so in real time transactions people don't have to wait at the shop before the transactions are confirmed.
Title: Re: For what was Bitcoin created? Post by: Taki on November 15, 2016, 05:03:34 AM I do to know what exactly bitcoin was created. Maybe to not follow the System. But to me bitcoin is the greatest way to earn some extra money to my salary, as for many of other bitcoin users as I suppose. What do I like in bitcoin it is it's independence and that fact that I can make money every time when I have some free time and internet. Time is money and I use it fullfilly.
Title: Re: For what was Bitcoin created? Post by: Cranky4u on November 15, 2016, 05:12:01 AM Title: Re: For what was Bitcoin created? Post by: prabowo96 on November 15, 2016, 05:23:45 AM I do to know what exactly bitcoin was created. Maybe to not follow the System. But to me bitcoin is the greatest way to earn some extra money to my salary, as for many of other bitcoin users as I suppose. What do I like in bitcoin it is it's independence and that fact that I can make money every time when I have some free time and internet. Time is money and I use it fullfilly. I still don't get this comments, that's not the first one talking about extra money, if you are talking about faucets and things like that, you are losing money, not earning... And others services that you can work at home already exist early than bitcoin, so your point is invalid. Title: Re: For what was Bitcoin created? Post by: lionheart78 on November 15, 2016, 05:42:39 AM I think bitcoin is created to show how corrupt is the current finance system and at the same time solve several finance issue regarding centralization and finance control. At the same time, the creator wanted to tell the people that it does not a central authority for a currency to function. With that in mind bitcoin was created with decentralized nature.
Title: Re: For what was Bitcoin created? Post by: requester on November 15, 2016, 11:53:19 AM It was probably created for online peer to peer transactions which would reduce the burden and barriers set by government of various countries. This enabling super fast transaction without and barriers and user have full control over his money and no one could alter the system untill and unless the whole system get interrupted
Title: Re: For what was Bitcoin created? Post by: ronaldo40 on November 15, 2016, 01:29:18 PM I think the bitcoin created for freedom of payment, Send and receive indefinitely whenever and wherever.
The Government is believed to have always controlled by people that corruption and Only work for personal gain. it could also be one of the reasons bitcoin created. Title: Re: For what was Bitcoin created? Post by: dragonusa9 on November 15, 2016, 04:14:42 PM i think for another brand new payment on internet other than paypal. that focusing on anonymous and freedom to use this payment also for other purposes like investment too
Title: Re: For what was Bitcoin created? Post by: The_Dark_Knight on November 15, 2016, 11:28:52 PM Satoshi did not expect Bitcoin to become this popular and he most probably wanted Bitcoin to be a virtual currency to be used for micro transactions online instead of in actual stores. Satoshi most probably wanted to offer an alternate currency that has a fixed market capital and is trustless, with all the bank bailouts. Even if that was the case, and I find that thought to be doubtful, an invention can take a life on its own and do things the creator never expected were possible with it.Title: Re: For what was Bitcoin created? Post by: passwordnow on November 16, 2016, 12:29:09 AM i think for another brand new payment on internet other than paypal. that focusing on anonymous and freedom to use this payment also for other purposes like investment too And it became an effective alternative for payment system of paypal. I'm thinking Satoshi and his co-devs made bitcoin to help us, people who are sick of using high charging payment processors and to have freedom in finance industry. That's why every transaction is very cheap and bitcoin itself is a currency which can counter the manipulation of government who are most of them do corruption. Title: Re: For what was Bitcoin created? Post by: delliaerd on November 16, 2016, 06:19:38 AM i think for another brand new payment on internet other than paypal. that focusing on anonymous and freedom to use this payment also for other purposes like investment too And it became an effective alternative for payment system of paypal. I'm thinking Satoshi and his co-devs made bitcoin to help us, people who are sick of using high charging payment processors and to have freedom in finance industry. That's why every transaction is very cheap and bitcoin itself is a currency which can counter the manipulation of government who are most of them do corruption. Title: Re: For what was Bitcoin created? Post by: Victorycoin on November 16, 2016, 08:54:28 AM Everyone says it is not supported by gold or such, but indirectly it actually is supported by gold and such. The money we purchase bitcoin with is supported by gold and this is just another form of currency, even if the government does not consider it currency, it can be traded for currency, so it is just as good. I think there is a drift there, the world have actually moved on from backing currencies with gold and all what not. Almost all the currencies out there are piece of papers that could have as well ended as toilet tissues. Government declarations and people's willingness to accept those currencies are the things now backing them and that explains, why some government can go on printing frenzy regardless of the implications to their economy.What is backing bitcoin, is the faith bitcoiners like you and I, have come to have in it. The fact, it is out of the control of any government further strengthens our commitment to it and so is the fact that it is limited in supply. Bottomline is, bitcoin was created to solve the crisis of fiat currencies and good news is that is not doing badly. Title: Re: For what was Bitcoin created? Post by: staceyoh on November 16, 2016, 12:53:30 PM I think nakamoto created
bitcoin because he want to help other people to know that they can transact through the internet. And this transaction is more easier. Title: Re: For what was Bitcoin created? Post by: madwica on November 16, 2016, 01:01:36 PM I think at first is for business then bitcoin are now good to help other people who want to earn extra money and not just eaning it can helps to make more people rich in the future by investingoney to bitcoin.
Title: Re: For what was Bitcoin created? Post by: jcojci on November 16, 2016, 01:12:11 PM Bitcoin was created for got profit and changr internet payment method like paypal, web money and more. not sure about this because we don't know what is satoshi thinking when he with the team behind bitcoin created and make the formula of bitcoin and maybe only he and the team that will know exactly for what bitcoin created. Title: Re: For what was Bitcoin created? Post by: altcoinnxt on November 16, 2016, 01:17:24 PM Bitcoin provide people the chance off having total control of their own money without having to rely in third parties.
And now bitcoin can easily be used on the internet! So now more and more people usebitcoin! Title: Re: For what was Bitcoin created? Post by: pawanjain on November 16, 2016, 01:21:40 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. i think the main reason to make bitcoin is online payment freedom which remain tax free and total freedom of having any amount of money .For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: mk4 on November 16, 2016, 01:23:18 PM created for people to buy marijuana anonymously. kidding. But I think a huge reason is for anonymity.
Title: Re: For what was Bitcoin created? Post by: crwth on November 16, 2016, 02:55:30 PM I think he created it in a way to improve the economy standpoint. Maybe he experienced something that happened with banks or other government control. Then suddenly he thought of a decentralized market that nobody can control and cannot be altered. Blockchain technology is the future.
Title: Re: For what was Bitcoin created? Post by: Selly Arumsari on November 16, 2016, 05:38:25 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. i think first reason bitcoin created to payments easier but now many user bitcoin not only like payment but for their income..For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: xIIImaL on November 16, 2016, 05:47:53 PM I think at first is for business then bitcoin are now good to help other people who want to earn extra money and not just eaning it can helps to make more people rich in the future by investingoney to bitcoin. I guess bitcoin is invented due to create the revolution in currency system and to upgrade the Fiat currency to the digital money to have the better experience in future. Title: Re: For what was Bitcoin created? Post by: The_Dark_Knight on November 17, 2016, 02:20:35 AM Everyone says it is not supported by gold or such, but indirectly it actually is supported by gold and such. The money we purchase bitcoin with is supported by gold and this is just another form of currency, even if the government does not consider it currency, it can be traded for currency, so it is just as good. I think there is a drift there, the world have actually moved on from backing currencies with gold and all what not. Almost all the currencies out there are piece of papers that could have as well ended as toilet tissues. Government declarations and people's willingness to accept those currencies are the things now backing them and that explains, why some government can go on printing frenzy regardless of the implications to their economy.What is backing bitcoin, is the faith bitcoiners like you and I, have come to have in it. The fact, it is out of the control of any government further strengthens our commitment to it and so is the fact that it is limited in supply. Bottomline is, bitcoin was created to solve the crisis of fiat currencies and good news is that is not doing badly. Title: Re: For what was Bitcoin created? Post by: rajasumi2 on November 17, 2016, 05:59:32 AM Bitcoin was created to earse black money and to make transaction all in white and so that it has only one currency all over the world but few people are making bad use of bitcoins ..so u should always use in better use ..kudoos :)
Title: Re: For what was Bitcoin created? Post by: Xester on November 17, 2016, 06:05:05 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. i think the main reason to make bitcoin is online payment freedom which remain tax free and total freedom of having any amount of money .For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Yes, Maybe that was the reason of Satoshi nakomoto. To reduce tax. The second thing on my mind was maybe Satoshi nakamoto want to create a new form of money. He invented bitcoins and dream of it to become alternative way to buy goods and other necessities. nakamoto is such a genius to discover bitcoins. Bitcoins is now really rocks and i think someday bitcoin will be an alternative form of money. Title: Re: For what was Bitcoin created? Post by: The_Dark_Knight on November 18, 2016, 03:28:01 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. i think the main reason to make bitcoin is online payment freedom which remain tax free and total freedom of having any amount of money .For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Yes, Maybe that was the reason of Satoshi nakomoto. To reduce tax. The second thing on my mind was maybe Satoshi nakamoto want to create a new form of money. He invented bitcoins and dream of it to become alternative way to buy goods and other necessities. nakamoto is such a genius to discover bitcoins. Bitcoins is now really rocks and i think someday bitcoin will be an alternative form of money. Title: Re: For what was Bitcoin created? Post by: DOGE12321 on November 18, 2016, 03:51:14 AM Nakamoto wanted to create a new currency which was decentralised; which didn't have any third-party interference in transaction. A currency that was peer-to-peer. His answer was cryptocurrency, Bitcoin.
Title: Re: For what was Bitcoin created? Post by: saiha on November 18, 2016, 10:55:52 AM Bitcoin was created to earse black money and to make transaction all in white and so that it has only one currency all over the world but few people are making bad use of bitcoins ..so u should always use in better use ..kudoos :) Yes it is and created for all of us to make all transactions conveniently. And this is helping us to avoid some unusual fees that are getting shouldered by us. And we can't deny that it is created for all to use it whether it will be use for good or bad transactions, it depends upon on its users. Title: Re: For what was Bitcoin created? Post by: ~Bitcoin~ on November 18, 2016, 11:17:39 AM created for people to buy marijuana anonymously. kidding. But I think a huge reason is for anonymity. There are many other possible reasons why bitcoin was created other than anonymity and possibility to buy marijuana.what bitcoin provides? financial transparency, limited supply so no one can just print out bitcoin to increase supply like paper cash, decentralize network so you will never loss access to your bitcoin/money and you will have full control over your bitcoin rather than banks/governments handling/looking all your financial transactions. Title: Re: For what was Bitcoin created? Post by: madwica on November 18, 2016, 01:58:42 PM This is created to earn because it is business but later on more people discover this bitcoin and luckily more people already help by earning here in bitcoin and more people being help if they start working in bitcoin
Title: Re: For what was Bitcoin created? Post by: sportis on November 18, 2016, 08:00:03 PM Many people are not only unhappy but also indignant of banks dominance around the world that affects significantly their everyday life. So the idea of a decentralized transparent and secure financial instrument had matured enough years before the first 'mining'. It was missing only the way of implementation. When the only 9 pages abstract posted in 2008 the January of 2009 first block of bitcoins was made.
Title: Re: For what was Bitcoin created? Post by: The_Dark_Knight on November 19, 2016, 01:53:02 AM Many people are not only unhappy but also indignant of banks dominance around the world that affects significantly their everyday life. So the idea of a decentralized transparent and secure financial instrument had matured enough years before the first 'mining'. It was missing only the way of implementation. When the only 9 pages abstract posted in 2008 the January of 2009 first block of bitcoins was made. People have been mad about bank power for centuries, and people have tried to figure out ways to get out of the hands of the banks for a lot of time and the latest and most impressive attempt to get out of it is bitcoin.Title: Re: For what was Bitcoin created? Post by: ufaiz50 on November 19, 2016, 02:06:02 AM i use bitcoin for change job because find a job very difficult, i think for what was bitcoin create ? for to earn a lot of money, it's my personal opinion
Title: Re: For what was Bitcoin created? Post by: kryptqnick on November 19, 2016, 08:28:00 AM i use bitcoin for change job because find a job very difficult, i think for what was bitcoin create ? for to earn a lot of money, it's my personal opinion Well, you mean that it was created by Satoshi, because he wanted to earn money? Or that Bitcoin was created for people who use it to be able to earn money. As for the first option, I think it couldn't be the main reason, because I think that people lead only by wish to earn money usually fail. There should've been some deep philosophical purpose for that. To show that our world trusts something virtual more than real, for example. If you meant the second option, then I disagree that it really helps to earn a lot.Title: Re: For what was Bitcoin created? Post by: choppork on November 19, 2016, 08:37:11 AM I think bitcoin was created so that we can have an alternative and better kind of currency. You can avoid getting taxed when you're using bitcoin. It's fast and reliable too. You can easily send money abroad with just a few clicks. Bitcoin is decentralized and that just means that a part of bitcoin is meant to do the opposite of what the government does. Today, bitcoin is an investment for most and an opportunity to earn money online.
Title: Re: For what was Bitcoin created? Post by: Dr.Osh on November 19, 2016, 08:48:44 AM I think bitcoin was created so that we can have an alternative and better kind of currency. You can avoid getting taxed when you're using bitcoin. It's fast and reliable too. You can easily send money abroad with just a few clicks. Bitcoin is decentralized and that just means that a part of bitcoin is meant to do the opposite of what the government does. Today, bitcoin is an investment for most and an opportunity to earn money online. bitcoin is suitable to be used as a means of transaction. maybe the purpose of making bitcoin is that the internet has a transaction tool that quickly and reliably. bitcoin is currently actually used as currency on the internet, other than that bitcoin has also evolved into a business tool, so now many companies that need workers who are paid using bitcoin. well, so I think bitcoin made to facilitate people - people to conduct transactions on the InternetTitle: Re: For what was Bitcoin created? Post by: bitstampclone on November 19, 2016, 11:41:01 AM The Internet of money bitcoin has created for making a secure transaction without no third party interference. The major advantage of bitcoin exchanges is either there is no transaction fees or very low in price.
Title: Re: For what was Bitcoin created? Post by: danherbias07 on November 19, 2016, 12:15:35 PM The Internet of money bitcoin has created for making a secure transaction without no third party interference. The major advantage of bitcoin exchanges is either there is no transaction fees or very low in price. Correct with the very low transaction fees but for the exchange of slow sending and is getting scary when it takes too long so many will just prefer the higher fees. But as it goes on I think it will also grow in price, getting expensive in the future. Title: Re: For what was Bitcoin created? Post by: R3ffun on November 19, 2016, 05:38:31 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. i think first reason is for payment as replace for real moneyFor which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? but now most of the people use bitcoin be came it like livelihood Title: Re: For what was Bitcoin created? Post by: Oilacris on November 19, 2016, 05:51:57 PM I think bitcoin was created so that we can have an alternative and better kind of currency. You can avoid getting taxed when you're using bitcoin. It's fast and reliable too. You can easily send money abroad with just a few clicks. Bitcoin is decentralized and that just means that a part of bitcoin is meant to do the opposite of what the government does. Today, bitcoin is an investment for most and an opportunity to earn money online. bitcoin is suitable to be used as a means of transaction. maybe the purpose of making bitcoin is that the internet has a transaction tool that quickly and reliably. bitcoin is currently actually used as currency on the internet, other than that bitcoin has also evolved into a business tool, so now many companies that need workers who are paid using bitcoin. well, so I think bitcoin made to facilitate people - people to conduct transactions on the InternetAdoption do rapidly increased because bitcoin features is very useful to people that's why they got easily adopted into it. Money transfers is the main thing why bitcoin is being created, as you can read on Satoshi white paper ,not only that, bitcoin project do already reach or gain extent adoption because there are already merchants do offer and accept bitcoin as a payment. Title: Re: For what was Bitcoin created? Post by: Ayers on November 19, 2016, 06:10:37 PM it was created because it is trustless that is writed on paper by satoshi, he want to make a trustless system, but people use it also for anonimity, both are good reason to use bitcoin instead of fiat money which are heavily tracked and controlled
Title: Re: For what was Bitcoin created? Post by: socks435 on November 19, 2016, 06:13:55 PM I think bitcoin was created so that we can have an alternative and better kind of currency. You can avoid getting taxed when you're using bitcoin. It's fast and reliable too. You can easily send money abroad with just a few clicks. Bitcoin is decentralized and that just means that a part of bitcoin is meant to do the opposite of what the government does. Today, bitcoin is an investment for most and an opportunity to earn money online. bitcoin is suitable to be used as a means of transaction. maybe the purpose of making bitcoin is that the internet has a transaction tool that quickly and reliably. bitcoin is currently actually used as currency on the internet, other than that bitcoin has also evolved into a business tool, so now many companies that need workers who are paid using bitcoin. well, so I think bitcoin made to facilitate people - people to conduct transactions on the InternetAdoption do rapidly increased because bitcoin features is very useful to people that's why they got easily adopted into it. Money transfers is the main thing why bitcoin is being created, as you can read on Satoshi white paper ,not only that, bitcoin project do already reach or gain extent adoption because there are already merchants do offer and accept bitcoin as a payment. And it stable than bitcoin.. i am hoping more adoption will happen in bitcoin and i hope that in my country some stores can accept bitcoin as payment.. Title: Re: For what was Bitcoin created? Post by: krisnt80 on November 19, 2016, 06:22:54 PM I do believe the main purpose into the creation of bitcoin were to show to people how many they waste into their transactions, bitcoin has exposed the high fees taken by several companies, besides that, showed all what a decentralization might do when no one has plenty control, this makes me thing how would be the others currencies if no one has such power over them.
Title: Re: For what was Bitcoin created? Post by: Hazir on November 19, 2016, 06:27:16 PM The Internet of money bitcoin has created for making a secure transaction without no third party interference. The major advantage of bitcoin exchanges is either there is no transaction fees or very low in price. Don't use argument of low transaction fees as main pro bitcoin point. Bitcoin transaction fees may vary and sometime reach pretty high numbers.Yesterday I send transaction containing something like 8 inputs and my fee was more than one dollar. Plus, many FIAT payment processors won't charge you anything for sending money to your friends or family either (PayPal, Amazon Payments etc.) making them cheaper that bitcoin. Title: Re: For what was Bitcoin created? Post by: noictib on November 19, 2016, 06:33:54 PM The Internet of money bitcoin has created for making a secure transaction without no third party interference. The major advantage of bitcoin exchanges is either there is no transaction fees or very low in price. Don't use argument of low transaction fees as main pro bitcoin point. Bitcoin transaction fees may vary and sometime reach pretty high numbers.Yesterday I send transaction containing something like 8 inputs and my fee was more than one dollar. Plus, many FIAT payment processors won't charge you anything for sending money to your friends or family either (PayPal, Amazon Payments etc.) making them cheaper that bitcoin. Because we have the option to pay transaction charge manually ( custom ) . So bitcoin is a way of payment with small transaction fee Title: Re: For what was Bitcoin created? Post by: Hazir on November 19, 2016, 06:47:07 PM The Internet of money bitcoin has created for making a secure transaction without no third party interference. The major advantage of bitcoin exchanges is either there is no transaction fees or very low in price. Don't use argument of low transaction fees as main pro bitcoin point. Bitcoin transaction fees may vary and sometime reach pretty high numbers.Yesterday I send transaction containing something like 8 inputs and my fee was more than one dollar. Plus, many FIAT payment processors won't charge you anything for sending money to your friends or family either (PayPal, Amazon Payments etc.) making them cheaper that bitcoin. Because we have the option to pay transaction charge manually ( custom ) . So bitcoin is a way of payment with small transaction fee And if you are stingy to the point of not including transaction fee at all. Transaction you send might be stuck and won't reach its destination. So tinkering with bitcoin's fees is a risky business and I would rather pay standard fee. Title: Re: For what was Bitcoin created? Post by: sakinaka on November 19, 2016, 10:05:59 PM For me it was created an an answer to the 2008 crisis. I think that many will agree with me. The date is just magically correlating.
Title: Re: For what was Bitcoin created? Post by: kiklo on November 20, 2016, 04:27:21 AM It was created , so you could pay Hookers with your Cellphone. :D
CIA got tired of carrying Cash for their Parties. http://gamingtrend.com/wp-content/uploads/2013/06/500DSC03116-e1370817118530.jpg 8) Title: Re: For what was Bitcoin created? Post by: Stedsm on November 20, 2016, 05:35:05 AM Bitcoin's general purpose for its creation was to provide anonymity to the transactions of two or more parties involved without letting anyone else know that such transaction was held between them, which is why it is decentralized and no one can actually know what is being done between two people.
Title: Re: For what was Bitcoin created? Post by: PokerFace3 on November 20, 2016, 06:57:09 AM The Internet of money bitcoin has created for making a secure transaction without no third party interference. The major advantage of bitcoin exchanges is either there is no transaction fees or very low in price. Plus the currency that trades higher than others, I mean with bitcoins (you give to exchanger) and anything (you take ) you will always have upperhand while with paypal and others exchangers charge high fees, that shows the superiority of bitcoins over others. I think the reason behind creating bitcoins was to make a ordinary person feel special.Title: Re: For what was Bitcoin created? Post by: TastyChillySauce00 on November 20, 2016, 06:58:29 AM it was created because it is trustless that is writed on paper by satoshi, he want to make a trustless system, but people use it also for anonimity, both are good reason to use bitcoin instead of fiat money which are heavily tracked and controlled if you're reffering to fiat money especially if it's paper money i guess you have made a mistake by saying it's heavily tracked,it's actually can't be tracked but only being controlled by the government,bitcoin is much more easily to be traced than tracing the use of paper moneyTitle: Re: For what was Bitcoin created? Post by: ardentvolcanoes on November 20, 2016, 07:23:01 AM Bitcoin was created for got profit and changr internet payment method like paypal, web money and more. i think it is not actually supposed to get profit it was only made to be used as alternative for our actual money and payment method to make transaction much faster and to have a cheaper transaction fee. and maybe they think of it as another way to get profit when they realized that bitcoin has a potential to be a good investment because of its unpredictable price movement. Title: Re: For what was Bitcoin created? Post by: manbitcoinlover on November 20, 2016, 08:14:05 AM For money my brother. Not only will decentralized currency benefit humankind in the future, the creators of bitcoin are super duper rich right now. I imagine they are billionaires by now. Perhaps, they did not predict the amount that bitcoin will rise, but maybe they did dream about it. Now this dream is a reality. People who entered the BTC game when they were worth pennies and stuck with it without selling them, are set for life.
Title: Re: For what was Bitcoin created? Post by: Positid on November 20, 2016, 11:40:51 AM It was created , so you could pay Hookers with your Cellphone. :D That was just part of the benefits, admittedly I love girls I mean hot chick but there's no such kind service yet in our country. If ever there will be available I would be the first person to use my bitcoin for hookers in our country. That's why it's called freedom.CIA got tired of carrying Cash for their Parties. http://gamingtrend.com/wp-content/uploads/2013/06/500DSC03116-e1370817118530.jpg 8) Title: Re: For what was Bitcoin created? Post by: ivanst776 on November 20, 2016, 12:18:57 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? I consider bitcoin as the biggest innovation in the economic area and I think Nakamoto created/invented it to make people feeling more free. By using bitcoin you see how much the freedom worth and how comfortable are you when making bitcoin payments. Of course bitcoin is not preferred by all people and I think the governments don't like bitcoin because people can escape taxes. Title: Re: For what was Bitcoin created? Post by: JasonXG on November 20, 2016, 04:06:13 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? You really should read and learn before asking stuff like this. Bitcoin was created to be a currency for the people no matter where you are or lice as long as you have a PC the software and a connection to the internet you are set. No need for banking registrations or documents or fees to spend tour own money. Bitcoin was made to be in the hands of the people and not the corporate banks or the government. Title: Re: For what was Bitcoin created? Post by: wuvdoll on November 20, 2016, 04:33:15 PM I think bitcoin was created so that we can have an alternative and better kind of currency. You can avoid getting taxed when you're using bitcoin. It's fast and reliable too. You can easily send money abroad with just a few clicks. Bitcoin is decentralized and that just means that a part of bitcoin is meant to do the opposite of what the government does. Today, bitcoin is an investment for most and an opportunity to earn money online. The basic aim for creating bitcoins was that people can have a currency which they own, they control yet they cannot hack it or scam with it. The idea of decentralization has made most of the users adopt bitcoins. I personally think right now in market there is no currency that is transparent (we can check balance ) yet secure as hell. Title: Re: For what was Bitcoin created? Post by: carlerha on November 20, 2016, 05:05:43 PM I think bitcoin was created so that we can have an alternative and better kind of currency. You can avoid getting taxed when you're using bitcoin. It's fast and reliable too. You can easily send money abroad with just a few clicks. Bitcoin is decentralized and that just means that a part of bitcoin is meant to do the opposite of what the government does. Today, bitcoin is an investment for most and an opportunity to earn money online. i think there are no taxes as bitcoin is still not consider as a legal currency by most of the countries, but once it become a global currency then government will surely impost tax on bitcoin and it will no longer remain a tax free currency. Title: Re: For what was Bitcoin created? Post by: Mr.grin on November 20, 2016, 05:16:55 PM I think bitcoin was created so that we can have an alternative and better kind of currency. You can avoid getting taxed when you're using bitcoin. It's fast and reliable too. You can easily send money abroad with just a few clicks. Bitcoin is decentralized and that just means that a part of bitcoin is meant to do the opposite of what the government does. Today, bitcoin is an investment for most and an opportunity to earn money online. i think there are no taxes as bitcoin is still not consider as a legal currency by most of the countries, but once it become a global currency then government will surely impost tax on bitcoin and it will no longer remain a tax free currency. Title: Re: For what was Bitcoin created? Post by: vindicare on November 20, 2016, 05:23:14 PM Bitcoin was created to avoid any government interference all of us know they can control it easily but not Bitcoin. It is decentralized not like fiats and that's the big advantage of creating Bitcoin.
Title: Re: For what was Bitcoin created? Post by: el kaka22 on November 20, 2016, 05:24:51 PM The Internet of money bitcoin has created for making a secure transaction without no third party interference. The major advantage of bitcoin exchanges is either there is no transaction fees or very low in price. Correct with the very low transaction fees but for the exchange of slow sending and is getting scary when it takes too long so many will just prefer the higher fees. But as it goes on I think it will also grow in price, getting expensive in the future. Title: Re: For what was Bitcoin created? Post by: Bitcoinsummoner on November 20, 2016, 05:55:01 PM The Internet of money bitcoin has created for making a secure transaction without no third party interference. The major advantage of bitcoin exchanges is either there is no transaction fees or very low in price. Correct with the very low transaction fees but for the exchange of slow sending and is getting scary when it takes too long so many will just prefer the higher fees. But as it goes on I think it will also grow in price, getting expensive in the future. This is just part of his project and make a name in the internet also for his business.. this is i think the purposes.. Title: Re: For what was Bitcoin created? Post by: bitbunnny on November 20, 2016, 06:09:22 PM The Internet of money bitcoin has created for making a secure transaction without no third party interference. The major advantage of bitcoin exchanges is either there is no transaction fees or very low in price. Correct with the very low transaction fees but for the exchange of slow sending and is getting scary when it takes too long so many will just prefer the higher fees. But as it goes on I think it will also grow in price, getting expensive in the future. Yes, you can choose your own fees but sometimes that.is not the best solution because if you pick the fee below recommended your transactions may never be confirmed. But stil you have the choice. Bitcoin was probably designed as a alternative to current financial system and currencies, this should be a currency outside the centralized and corrupt banking system. Title: Re: For what was Bitcoin created? Post by: socks435 on November 20, 2016, 06:14:38 PM Bitcoin was created to avoid any government interference all of us know they can control it easily but not Bitcoin. It is decentralized not like fiats and that's the big advantage of creating Bitcoin. Yeah i agree that is why they are creating it because they want freedom we know many people are want freedom to use their money online or without any hassle like other currency online that it takes a long time to process before you can use them. also the good benefits is the price increase and the transaction are anonymous.Title: Re: For what was Bitcoin created? Post by: richmcrich on November 20, 2016, 06:45:49 PM it was created because it is trustless that is writed on paper by satoshi, he want to make a trustless system, but people use it also for anonimity, both are good reason to use bitcoin instead of fiat money which are heavily tracked and controlled Yeah actually if someone tells us that he has 2000$ we would either not trust him (because screnshots can be faked ) or if he gives access to account we can hack it, but with bitcoins we can check his balance while at the same time we don't even know where he lives or who is he !! I have been a fan of this particular feature :)Title: Re: For what was Bitcoin created? Post by: Shenzou on November 20, 2016, 07:14:41 PM Bitcoin was first created to replace currency on the internet , it was made to make shopping and trading online easier,but creating something like this they had to make it more safer but instead of it being used for good bitcoin became something used by drug dealers and hackers since it provide anonymity
Title: Re: For what was Bitcoin created? Post by: Monnt on November 21, 2016, 11:00:32 AM I think bitcoin was created so that we can have an alternative and better kind of currency. You can avoid getting taxed when you're using bitcoin. It's fast and reliable too. You can easily send money abroad with just a few clicks. Bitcoin is decentralized and that just means that a part of bitcoin is meant to do the opposite of what the government does. Today, bitcoin is an investment for most and an opportunity to earn money online. bitcoin is suitable to be used as a means of transaction. maybe the purpose of making bitcoin is that the internet has a transaction tool that quickly and reliably. bitcoin is currently actually used as currency on the internet, other than that bitcoin has also evolved into a business tool, so now many companies that need workers who are paid using bitcoin. well, so I think bitcoin made to facilitate people - people to conduct transactions on the InternetTitle: Re: For what was Bitcoin created? Post by: groll on November 21, 2016, 06:02:40 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? You really should read and learn before asking stuff like this. Bitcoin was created to be a currency for the people no matter where you are or lice as long as you have a PC the software and a connection to the internet you are set. No need for banking registrations or documents or fees to spend tour own money. Bitcoin was made to be in the hands of the people and not the corporate banks or the government. Even me, before i also ask myself, why nskamoto xreated bitcoins? whst is his purpose? That was before when i do not know the use and advantages of bitcoins. But now ivd realise maybe bitcoin was created because nakamoto want to create money on internet, a digital currency that can be an alternative to fiat or paper money, nakamoto did not failf because bitcoins now has its uwn value like the real money. Title: Re: For what was Bitcoin created? Post by: RajaJudi on November 21, 2016, 06:07:49 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. I think Nakamoto created bitcoin in order to contribute a new kind of cryptocurrency which can be used fast and anonymously. Beyond that, Bitcoin users do not need to pay tax to use Bitcoin. And because of these reasons, Bitcoin is getting more and more popular than ever. One day, Bitcoin will be the new currency which is accepted all over the worldFor which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: Capradina on November 21, 2016, 11:21:53 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. I think Nakamoto created bitcoin in order to contribute a new kind of cryptocurrency which can be used fast and anonymously. Beyond that, Bitcoin users do not need to pay tax to use Bitcoin. And because of these reasons, Bitcoin is getting more and more popular than ever. One day, Bitcoin will be the new currency which is accepted all over the worldFor which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? It does something right. However I noticed that the goal is not the rather nakamoto to provide a view that all the things we do between other countries could be done in the bitcoin in all circumstances which we are doing. All this is a concept that is very good and I thought if all countries know the true intent of nakamoto then I'm sure they will give you the best solution and no doubt bitcoin will experience growth that is very large Title: Re: For what was Bitcoin created? Post by: n0ne on November 22, 2016, 04:25:38 AM When bitcoin was created, it was used as a token for transaction purpose. This eventually with its potential evolved more than a transaction processor and got accepted as a currency as well an high profiting investment.
Title: Re: For what was Bitcoin created? Post by: The_Dark_Knight on November 22, 2016, 11:24:35 PM I think bitcoin was created so that we can have an alternative and better kind of currency. You can avoid getting taxed when you're using bitcoin. It's fast and reliable too. You can easily send money abroad with just a few clicks. Bitcoin is decentralized and that just means that a part of bitcoin is meant to do the opposite of what the government does. Today, bitcoin is an investment for most and an opportunity to earn money online. Be careful, avoiding taxes can be really bad, if you live in a third world country it is likely that your government does not have what is necessary to prosecute you, but in a first world country that can get you in jail for a long time.Title: Re: For what was Bitcoin created? Post by: mirakal on November 23, 2016, 07:56:49 AM Bitcoin was created for us, to help the humanity and the world to save expenses on the transaction fee and to make a certain transaction faster. IMO, it's just a currency not need to be legalize, and with bitcoin there is freedom we can use our bitcoin without government intervention.
Title: Re: For what was Bitcoin created? Post by: Monnt on November 23, 2016, 06:44:26 PM Bitcoin was created to avoid any government interference all of us know they can control it easily but not Bitcoin. It is decentralized not like fiats and that's the big advantage of creating Bitcoin. I think everyone has their own opinion but to me I think bitcoin is created for the purpose to have one same currency in all over the world and having same value everywhere. Bitcoin may also be created for online uses also as we can see that it is more convenient for online shopping and trading. Title: Re: For what was Bitcoin created? Post by: The_Dark_Knight on November 23, 2016, 08:27:56 PM Bitcoin was created to avoid any government interference all of us know they can control it easily but not Bitcoin. It is decentralized not like fiats and that's the big advantage of creating Bitcoin. I think everyone has their own opinion but to me I think bitcoin is created for the purpose to have one same currency in all over the world and having same value everywhere. Bitcoin may also be created for online uses also as we can see that it is more convenient for online shopping and trading. Title: Re: For what was Bitcoin created? Post by: staff_1307 on November 23, 2016, 08:47:58 PM Yes, indeed, Bitcoin is a step forward. It's fast, cheap, no refund, your personal data can not be stolen, there is no inflation, do not trust anything to anyone and he belongs to you.
Title: Re: For what was Bitcoin created? Post by: zahra4577 on November 24, 2016, 01:11:39 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. While it is not possible to give the exact reason why bitcoin was created but as a famous quote by M.D.K Gandhi goes "Necessity is the mother of invention" I believe it was created to ease the flow of money without any barrier or intermediary to any part of the world For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: lOvE mE forEvEr on November 24, 2016, 03:41:25 AM the main purpose of course for benefits, already many peoples are wealthy because bitcoin. for me, with bitcoin make some earning although only a little.
Title: Re: For what was Bitcoin created? Post by: Ereacia on November 24, 2016, 04:00:30 AM the main purpose of course for benefits, already many peoples are wealthy because bitcoin. for me, with bitcoin make some earning although only a little. Its for me the same reason and I think with enough patient there is a chance that we can make some big numbers after a while. Title: Re: For what was Bitcoin created? Post by: croutonhexagon on November 24, 2016, 04:19:53 AM Probably it was created for online transaction with a view that it would eradicate banking system online which is prone to hacker and criminals. So with bitcoin everything is anonymous and no one could alter our money.
Title: Re: For what was Bitcoin created? Post by: avikz on November 24, 2016, 04:57:00 AM Not every invention is intended by the innovator. So bitcoin creation might be an accident or something unexpected. Probably Mr. Nakamoto will be able to tell you guys the actual story.
But whatever happens, it is true that bitcoin has given us an enormous opportunity to make our dreams come true by creating an alternate source of income. That is really great. So enjoy the power of bitcoin! Title: Re: For what was Bitcoin created? Post by: danherbias07 on November 24, 2016, 05:46:05 AM Probably it was created for online transaction with a view that it would eradicate banking system online which is prone to hacker and criminals. So with bitcoin everything is anonymous and no one could alter our money. It is actually the banks who is needed to be evaded. That is why bitcoin is created. It is an option for us to make our own decision when it comes to managing our money and more. Title: Re: For what was Bitcoin created? Post by: mirakal on November 24, 2016, 07:08:37 AM Probably it was created for online transaction with a view that it would eradicate banking system online which is prone to hacker and criminals. So with bitcoin everything is anonymous and no one could alter our money. It is actually the banks who is needed to be evaded. That is why bitcoin is created. It is an option for us to make our own decision when it comes to managing our money and more. Title: Re: For what was Bitcoin created? Post by: The_Dark_Knight on November 24, 2016, 05:32:10 PM Yes, indeed, Bitcoin is a step forward. It's fast, cheap, no refund, your personal data can not be stolen, there is no inflation, do not trust anything to anyone and he belongs to you. That's not included that your personal data cannot be stolen, it depends on your negligence if you will allow those exchange sites that requires information from their customers. And it was created to be use as total currency whether your transaction will be online and offline. Bitcoin was created to avoid any government interference all of us know they can control it easily but not Bitcoin. It is decentralized not like fiats and that's the big advantage of creating Bitcoin. I think everyone has their own opinion but to me I think bitcoin is created for the purpose to have one same currency in all over the world and having same value everywhere. Bitcoin may also be created for online uses also as we can see that it is more convenient for online shopping and trading. This will lead to one world government and that means that one economy, one currency (Bitcoin if possible) and one power. But I don't think the government will rely on bitcoin. Title: Re: For what was Bitcoin created? Post by: triasel on December 01, 2016, 05:29:38 AM i think first reason is created a digital currency to rival of real money or maybe accompany real money
Title: Re: For what was Bitcoin created? Post by: mkmdoc on December 01, 2016, 05:48:28 AM Bitcoin was created with a cause it is a decentralized network with low fee and that to it is digital currency, In starting 2008 and 2009 many people afraid of investing into bitcoin because government sectors will surely ban this. But the people who ever invested into bitcoin now became millionaires.
Title: Re: For what was Bitcoin created? Post by: dearbesz1219 on December 01, 2016, 05:57:09 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Isn't you already answered your own question dude? But still let me give my response to your question, for me bitcoin I think Mr. nakamoto created bitcoin to give convenient to anyone who will get the edge of it of how it can help worldwide through high technology in online system. Title: Re: For what was Bitcoin created? Post by: danherbias07 on December 01, 2016, 06:03:52 AM i think first reason is created a digital currency to rival of real money or maybe accompany real money Hmm. Good opinion. I think it is just an alternative or an option for people to make transactions faster and with convenience. But the problem would be the usage. Not to many are seeing that reason yet so we still need to wait for others to come to their senses. Title: Re: For what was Bitcoin created? Post by: JeffBrad12 on December 01, 2016, 06:32:15 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Isn't you already answered your own question dude? But still let me give my response to your question, for me bitcoin I think Mr. nakamoto created bitcoin to give convenient to anyone who will get the edge of it of how it can help worldwide through high technology in online system. It wasn't creating by each person only. But in my speculation bitcoin was getting created for the revolutionary of the financial section. Which means, totally the control of our financial has held by ourself. For Avoid the intervention of bother thing. And some new dev was creating a new development of bitcoin and it makes can be implementing on a various statement. Title: Re: For what was Bitcoin created? Post by: sportis on December 01, 2016, 06:44:16 AM Other than all the others are mentioned above bitcoin was created because:
Title: Re: For what was Bitcoin created? Post by: noictib on December 01, 2016, 07:15:08 AM Other than all the others are mentioned above bitcoin was created because: Your first point is right but I am not fully satisfied with it because to make payment and deals we have the other better options also ( like PayPal , better etc ) .
Here the main reason only of less transaction charge and no tax . Title: Re: For what was Bitcoin created? Post by: Meycell on December 01, 2016, 08:47:24 AM a definitive reason just satoshi nakamoto knows !
but in my opinion Bitcoin created for payment so more easy Title: Re: For what was Bitcoin created? Post by: azguard on December 01, 2016, 12:32:14 PM Maybe simple put on this topic is that Bitcoin can be used to buy things electronically. Most important characteristic of bitcoin is thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network, most important BANKS. This puts some people at ease, because it means that a large bank can’t control their money. Other most important thing is that its independent of any central authority, transferable electronically, with very low transaction fees.
Title: Re: For what was Bitcoin created? Post by: sobsitesearch on December 01, 2016, 01:00:06 PM For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment
Title: Re: For what was Bitcoin created? Post by: canah17 on December 04, 2016, 02:44:41 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Well i would like to share my thoughts about this topic is really great :D so here i go, the creator of bitcoin created for the main purpose to get income from it but its a great risk because its from the internet and its very impossible and you have to make the government to trust you about your idea i think 80% of people are spending time in the internet so they have this idea to create a bitcoin so that they can buy stuff in the internet like games in steam or lazada they don't have to send money in the real world but they have to exchange the real money into internet money its very unbelievable but it works i mean it really works and bitcoin helps people pay their bills easily and no worries about spending a ticket for a bus or a train just to pay bills and Yes! you're right from your questions so that they earn money and help people in the internet to have jobs and earn and also different natur of money :D you know its a genius creation i really admire the ones who created bitcoin it made internet have purpose :D have a good day and thank you for the topic :D Title: Re: For what was Bitcoin created? Post by: kryptqnick on December 15, 2016, 09:08:56 PM For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment But could somebody create something that powerful being inly inspired by some ideas of business and stuff? I don't think so. I guess rather it was planned as a charity, anti-governmental project of the manifestation of human will and then became something used in business.Title: Re: For what was Bitcoin created? Post by: KoKaKoLa on December 15, 2016, 11:28:58 PM for the first time bitcoin has created for the deep web hackers. as a digital currency with a hight algorithmes . so noone can follow that currency.
Title: Re: For what was Bitcoin created? Post by: dihari on December 16, 2016, 12:42:03 AM Bitcoin is made for an easier transactions and low fees.
There is no third party here to complete our transaction. I think it's the simple reason. Sathosi nakamoto is solved the internet (e-commerce) problems. Title: Re: For what was Bitcoin created? Post by: ufaiz50 on December 16, 2016, 12:59:43 AM For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment But could somebody create something that powerful being inly inspired by some ideas of business and stuff? I don't think so. I guess rather it was planned as a charity, anti-governmental project of the manifestation of human will and then became something used in business.Title: Re: For what was Bitcoin created? Post by: Conus on December 16, 2016, 01:48:27 AM I have to disagree, that it is supported by gold. I say this because you need cash of some sort to trade into bitcoin and in order to spend it at most locations, you will need to transfer it back to your currency in order to use it everywhere, not the limited spending outlets now available.
Title: Re: For what was Bitcoin created? Post by: Positid on December 16, 2016, 02:14:10 AM For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment But could somebody create something that powerful being inly inspired by some ideas of business and stuff? I don't think so. I guess rather it was planned as a charity, anti-governmental project of the manifestation of human will and then became something used in business.Title: Re: For what was Bitcoin created? Post by: Ipwich on January 17, 2017, 11:24:54 AM It is created to show the world of modern innovation created by man who are on vision to create something new to the world of digital currency.As its humble beginnings it is created to have those who knew and use it the service on how it works to man.It gives an easy transaction and even you can use it for your investment.
Title: Re: For what was Bitcoin created? Post by: ASHLIUSZ on January 17, 2017, 02:20:40 PM It is created to show the world of modern innovation created by man who are on vision to create something new to the world of digital currency.As its humble beginnings it is created to have those who knew and use it the service on how it works to man.It gives an easy transaction and even you can use it for your investment. Its not created to store the innovation, initially created to restrict the intermediates which evolves as a store of value in a short term. Later onward people started to use it as investment, transaction and for several other profiting purposes and mainly for illegal needs as it is anonymous. Title: Re: For what was Bitcoin created? Post by: Babayega31 on January 17, 2017, 03:27:43 PM Bitcoin is created for the people who is not closed minded, for a people with a heart for the future of money, and always believing that there is always a future of success from different ways. This is created to those who always value work time and discipline specially to those who have visions for good investment, not just with one currency but with other dimension of currency like digital currency which is a crypto currency.
Title: Re: For what was Bitcoin created? Post by: Wandering Soul~ on January 17, 2017, 03:49:52 PM I have to agree with OP and the others that its purpose is to make a decentralized currency . Since if you look back at our history, All of our currency or money that people have used are controlled by a single entity .
And I think satoshi think that as the world continues to improve its technology, We also need to improve our money which is avery important and you may even call it as an irreplaceable thing in our lives . The history shows that the transition of our form of money happened because there are flaws and Satoshi must have seen it . Title: Re: For what was Bitcoin created? Post by: Zadicar on January 17, 2017, 04:18:46 PM For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment Nope,its was not created for business purposes but bitcoin is created for peer to peer transactions which you could able to read on the white paper of bitcoin.You will definitely saw the reason on why bitcoin was created and now we are experiencing the benefits of it besides on its main purpose which is really great for us users of it,Title: Re: For what was Bitcoin created? Post by: surya96 on January 17, 2017, 05:55:10 PM I think because Bitcoin is to provide new innovations so that all users can use it easily bitcoin
Title: Re: For what was Bitcoin created? Post by: youdacapt on January 17, 2017, 06:31:32 PM Satoshi Nakamoto is an expert in science of cryptography, the science has been around longer and part falsifies the real algorithms and algebra. He found a unique crypto block in limited quantities. He is optimistic BTC useful for the transaction.
The first tangible goods transactions occurred is pizza. Laszlo Hanycesz buy two slices of pizza for $25 for 10,000 BTC. And after that sentiment bitcoin transaction usage increased dramatically, and then appeared Mt.Gox as a market exchange. Bitcoin is one of the best inventions of all time in financial world. Title: Re: For what was Bitcoin created? Post by: crwth on January 17, 2017, 07:10:25 PM Satoshi Nakamoto is an expert in science of cryptography, the science has been around longer and part falsifies the real algorithms and algebra. He found a unique crypto block in limited quantities. He is optimistic BTC useful for the transaction. The first tangible goods transactions occurred is pizza. Laszlo Hanycesz buy two slices of pizza for $25 for 10,000 BTC. And after that sentiment bitcoin transaction usage increased dramatically, and then appeared Mt.Gox as a market exchange. Bitcoin is one of the best inventions of all time in financial world. It is indeed one of the best inventions concerning money, called cryptocurrencies. I learned that the inventor, Satoshi, invented it to prevent third parties from holding your money and it helps us to transact between people without go-betweens. You become your bank, and that's a great thing because people who can't open bank accounts can be their own banks by owning a wallet with just their smartphones. It could be abused, but it's their conscience. Title: Re: For what was Bitcoin created? Post by: charmingfreddie on January 17, 2017, 08:14:48 PM Ihtink he hoped it would catch on but did not believe it would grow to the point it has today. And profit is always a motive no matter what anybody says.
Title: Re: For what was Bitcoin created? Post by: Taki on January 17, 2017, 09:04:30 PM For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment For me the same. Today bitcoin is the only way to make some money to me. It's my work and my business. I think I am not the one like that. Many people from developing countries can make their life's a bit better with the help of bitcoin. Title: Re: For what was Bitcoin created? Post by: lionheart78 on January 17, 2017, 09:13:10 PM Same as others, I think creating Bitcoin is one way of rebelling on corrupt Banking and financial system. The main idea of decentralization is an opposite thing what the banks and government wants, centralization. Aside from that the Bitcoin system is design so that government will have a hard time controlling Bitcoin transactions nor tracking them.
Title: Re: For what was Bitcoin created? Post by: wahb on January 18, 2017, 05:28:32 AM For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment to me i think it is created as currency to be use equally in all over the world. but as the users of bitcoin are still not so much, and we can see that people are entering in the world of bitcoin continuously therefore people are using it as investment and making good profit from it. Title: Re: For what was Bitcoin created? Post by: Ipwich on January 18, 2017, 09:07:06 AM For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment to me i think it is created as currency to be use equally in all over the world. but as the users of bitcoin are still not so much, and we can see that people are entering in the world of bitcoin continuously therefore people are using it as investment and making good profit from it. Title: Re: For what was Bitcoin created? Post by: 20kevin20 on January 18, 2017, 09:51:33 AM For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment to me i think it is created as currency to be use equally in all over the world. but as the users of bitcoin are still not so much, and we can see that people are entering in the world of bitcoin continuously therefore people are using it as investment and making good profit from it. It was created for us to escape the total control and finally be on our own. You're your own bank, you got no taxes to pay and you can manage your funds exactly in the way you wish. Title: Re: For what was Bitcoin created? Post by: jeraldskie11 on January 18, 2017, 10:09:10 AM Bitcoin is created for a reason, may the reason is like what you said it , to earn some money just only paper money found on the network. Maybe also bitcoin created by Satoshi Nakamoto to have it owned money. Like in the USA their money is dollar, and the Philippines their money is peso and the last, it is also made the bitcoin to be familiar to people in the world.
Title: Re: For what was Bitcoin created? Post by: Rizky Aditya on January 18, 2017, 10:24:33 AM I think that Bitcoin was created as a currency that no one could manipulate. It was also made so that you could control it yourself and don't need a bank to store your money.
Title: Re: For what was Bitcoin created? Post by: webtricks on January 18, 2017, 10:29:37 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. Do you really think he had any intention to get rich of Bitcoin!For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Ok excluding that point I can say rest what you written is absolutely true! Bitcoin was created as a thunderclap to old, slow, centralized, manipulative Banking System. It was created to give real power to one holding currency who can use it without any restrictions. Title: Re: For what was Bitcoin created? Post by: QuantumFoam on January 18, 2017, 10:35:25 AM I don't think Satoshi's intention was to make lot of money because he has not spent anything from his wallet yet and I think he wanted to create a parallel system of economy, free from third party control. Bitcoin is free from the control of the government or any third party and hence the popularity is increasing day by day. Bitcoin was created to keep our control on our money.
Title: Re: For what was Bitcoin created? Post by: jacafbiz on January 18, 2017, 02:23:18 PM I think Satoshi was tired of the central bank manipulation and rigging of the economic system and decided to show the world there is another way out of this. Bitcoin means so many things to many people but for me it gives power back to individuals.
Title: Re: For what was Bitcoin created? Post by: meemiinii on January 18, 2017, 03:02:04 PM for what bitcoin is created? well anywhere we search, we can get same answer.. bitcoin is created for FREEDOM! nothing more, nothing less. freedom from what? freedom from banks, freedom from any authority that can or might control it, freedom from manipulations and the like.. bitcoin really gives us freedom that governments are taking.
Title: Re: For what was Bitcoin created? Post by: Vikingr on January 18, 2017, 09:38:33 PM For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment to me i think it is created as currency to be use equally in all over the world. but as the users of bitcoin are still not so much, and we can see that people are entering in the world of bitcoin continuously therefore people are using it as investment and making good profit from it. Title: Re: For what was Bitcoin created? Post by: markyminer on January 19, 2017, 12:12:29 AM I think that Bitcoin was created as a currency that no one could manipulate. It was also made so that you could control it yourself and don't need a bank to store your money. i think bitcoin was created as digital currency, to be use for online purpose with the same value everywhere, now we can see that most of the people who know about online shopping and trading they are mostly using bitcoin for online shopping and for so many other purposes, as soon as the number of bitcoin users are increasing the use bitcoin is also increasing and becoming more stable and reliable currency of the world. Title: Re: For what was Bitcoin created? Post by: Viscount on January 19, 2017, 01:16:47 AM To free people from the yoke of banksters mainly
Title: Re: For what was Bitcoin created? Post by: azguard on January 19, 2017, 09:57:05 AM How about this several statements:
can in be anyway simple then this Title: Re: For what was Bitcoin created? Post by: marcoman22 on January 19, 2017, 10:25:52 AM Bitcoin was mainly created for decentralisation of currency. Main aim was to free the people from depending upon banks for each and every transactions. Additionally,it has given an opportunity of earning to people all over the world irrespective of caste, creed and nation. People can send their money even abroad very quickly and at very low charges.
Title: Re: For what was Bitcoin created? Post by: erickkyut on January 19, 2017, 12:11:47 PM There are so many related topics on this thread just like this one! There are different opinions about why bitcoin was created and some of the reason are because Satoshi Nakamoto's goal is to help the poor peole and give them the opportunity to become rich and aside from this, the decentralization of the monetary system!
Title: Re: For what was Bitcoin created? Post by: basesaw on January 19, 2017, 12:21:58 PM I think he did it for some nature of currency. Maybe he did the bitcoin in order to have alternatives for buying, in this days online is a big factor for industries like businesses and others, we can use bitcoin as payment for it so it would be more easy and hassle free.
Title: Re: For what was Bitcoin created? Post by: BillyBobZorton on January 19, 2017, 12:29:27 PM Bitcoin was mainly created for decentralisation of currency. Main aim was to free the people from depending upon banks for each and every transactions. Additionally,it has given an opportunity of earning to people all over the world irrespective of caste, creed and nation. People can send their money even abroad very quickly and at very low charges. Satoshi talked about decentralized cash, but he didn't realize big blocks run in server farms are the opposite of cash since the network is centralized. Thank god blockstream came to the rescue with LN solution. It's definitely better than server farms running nodes. Of course ideally we would have decentralized onchain cheap transactions but can't be done. Title: Re: For what was Bitcoin created? Post by: sportis on January 19, 2017, 05:20:10 PM How about this several statements:
can in be anyway simple then this I partially agree with your statements. I cannot understand the description that bitcoin is elegant but surely is not anonymous. It is pseudonymous. You can say that is anonymous under the rationale sending and receiving without identifying personal information. But if you do any purchases online you have to reveal your real name and address, so your identity is linked with your bitcoin wallet. Moreover bitcoin was not created for every day transactions that is, micro payments. If bitcoin was a good solution for these payments there was not any reason people try to implement solutions like as lightning networks and side chains. Title: Re: For what was Bitcoin created? Post by: Zadicar on January 19, 2017, 05:31:38 PM How about this several statements:
can in be anyway simple then this I partially agree with your statements. I cannot understand the description that bitcoin is elegant but surely is not anonymous. It is pseudonymous. You can say that is anonymous under the rationale sending and receiving without identifying personal information. But if you do any purchases online you have to reveal your real name and address, so your identity is linked with your bitcoin wallet. Moreover bitcoin was not created for every day transactions that is, micro payments. If bitcoin was a good solution for these payments there was not any reason people try to implement solutions like as lightning networks and side chains. Title: Re: For what was Bitcoin created? Post by: target on January 19, 2017, 05:41:10 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? By the word decentralized is what serves its purpose. Satoshi was maybe sick of economy that is controlled by government and some huge banks. So having a money that isn't centralized and that everyone can take part of its value and the quantity is exactly the way its been since the creation - 21M. With such supply, there is no way an authority can create more coins of their own. Title: Re: For what was Bitcoin created? Post by: bitloud on January 19, 2017, 05:59:32 PM Yes. He had created bitcoin bout to make profit but top make transaction and payment over the internet without any barriers like government taxes , time limit, amount limit. So to surpass all these he had gifted the technology to us.
Title: Re: For what was Bitcoin created? Post by: Tanic on January 19, 2017, 06:07:15 PM I think bitcoin was created as money that can avoid the system. Bitcoin took all the best sides of other payment instruments in itself. Bitcoin is perfect money or money of new generation or money of the future or all together. I am sure that governments are afraid bitcoin, cause of for now they can't control it and make it work for theirselves.
Title: Re: For what was Bitcoin created? Post by: bitloud on January 19, 2017, 06:31:21 PM I think bitcoin is created to show how corrupt is the current finance system and at the same time solve several finance issue regarding centralization and finance control. Bitcoin was probably created for online peer to peer transactions which would reduce the burden and barriers set by government of various countries. At the same time, the creator wanted to tell the people that it does not a central authority for a currency to function. With that in mind bitcoin was created with decentralized nature.
Title: Re: For what was Bitcoin created? Post by: the.jack20 on January 19, 2017, 06:34:25 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? I do not think they created it to make a lot of money. Because it is not possible to predict that bitcoin will gain such a value. People who create bitcoins are people who want to oppose the system. They wanted to create a transparent system that is not controlled by any power. And they did it. Title: Re: For what was Bitcoin created? Post by: Bitcoinsummoner on January 19, 2017, 06:53:26 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? I do not think they created it to make a lot of money. Because it is not possible to predict that bitcoin will gain such a value. People who create bitcoins are people who want to oppose the system. They wanted to create a transparent system that is not controlled by any power. And they did it. Title: Re: For what was Bitcoin created? Post by: hyudien on January 19, 2017, 07:55:53 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. I think he make this coin to more efficient transaction with lower fee than another currency and also openness transaction, so we as user can control loss on our transaction.For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? Title: Re: For what was Bitcoin created? Post by: pinkpanther03 on January 20, 2017, 12:34:40 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? I think Mr. Satoshi Nakamoto He made Bitcoin to create something new, earning a lot of money is just a secondary of his purpose. Maybe He saw that many people in the whole world suffering poverty because of financial problems. So Bitcoin is one the keys solution and that was happening already now. Title: Re: For what was Bitcoin created? Post by: Mbah Slamet on January 20, 2017, 01:05:51 AM I think bitcoin was created as money that can avoid the system. Bitcoin took all the best sides of other payment instruments in itself. Bitcoin is perfect money or money of new generation or money of the future or all together. I am sure that governments are afraid bitcoin, cause of for now they can't control it and make it work for theirselves. I am not sure that bitcoin is the best system, let alone replace fiat money, as my analysis there are many things that must be improved, simple but very important example is the theft of bitcoin. a great system would need to be backed security was good, it was not in bitcoin. someday I am sure there will be new coins which can improve bitcoin.Title: Re: For what was Bitcoin created? Post by: emezh10 on January 20, 2017, 02:32:08 AM I think bitcoin was created as money that can avoid the system. Bitcoin took all the best sides of other payment instruments in itself. Bitcoin is perfect money or money of new generation or money of the future or all together. I am sure that governments are afraid bitcoin, cause of for now they can't control it and make it work for theirselves. I am not sure that bitcoin is the best system, let alone replace fiat money, as my analysis there are many things that must be improved, simple but very important example is the theft of bitcoin. a great system would need to be backed security was good, it was not in bitcoin. someday I am sure there will be new coins which can improve bitcoin.Title: Re: For what was Bitcoin created? Post by: Windpower on January 20, 2017, 03:28:27 AM I think Satoshi had enough of banks and fiat being manipulated by different people and governments. So he/they decided to make a decentralized currency that couldn't be manipulated, even though the Chinese sort of are, and a currency that you could store for yourself and not have to deal with banks. But I guess we will never know the motivation of the making of Bitcoin until and unless he/they go public. Which they probably never will.
Title: Re: For what was Bitcoin created? Post by: Viscore on January 20, 2017, 05:49:25 AM I think Satoshi had enough of banks and fiat being manipulated by different people and governments. So he/they decided to make a decentralized currency that couldn't be manipulated, even though the Chinese sort of are, and a currency that you could store for yourself and not have to deal with banks. But I guess we will never know the motivation of the making of Bitcoin until and unless he/they go public. Which they probably never will. This is freedom actually, we know that government are corrupt and they are in power so it would be easy to control us, even lies can be truth when it is publish in the media. They have the power and resources to manipulate things and people will follow. Bitcoin is a treat to them and they are looking the weakness more on in than the advantage to discourage people from using it.Title: Re: For what was Bitcoin created? Post by: Qunenin on January 21, 2017, 03:38:23 PM Many time, this question also come in my mind, Why Nakamoto created Bitcoin?
Than i think reality is that he want to create something new, and now it is time of internet. So may be he choose internet, and on internet, every work only get success when people earn to money, Than definitely he will prefer to crypto currency and that is Bitcoin. Title: Re: For what was Bitcoin created? Post by: basesaw on January 21, 2017, 06:02:30 PM How about this several statements:
can in be anyway simple then this I partially agree with your statements. I cannot understand the description that bitcoin is elegant but surely is not anonymous. It is pseudonymous. You can say that is anonymous under the rationale sending and receiving without identifying personal information. But if you do any purchases online you have to reveal your real name and address, so your identity is linked with your bitcoin wallet. Moreover bitcoin was not created for every day transactions that is, micro payments. If bitcoin was a good solution for these payments there was not any reason people try to implement solutions like as lightning networks and side chains. maybe he uses the word elegant as it is maybe the first online currency that doesnt need to be dependent on cash. i said not dependent on fiat because you can actually have bitcoin in some jobs that you can offer. can also have free bitcoin on faucets and most of all, bitcoin doesnt need to be reproduced. you can actually mine a bitcoin. Title: Re: For what was Bitcoin created? Post by: CROYA86 on January 22, 2017, 05:46:05 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? bitcoin made to simplify the financial system without a lot of regulation therein {mainly of government interference} evidence today many banking system modeled on bitcoin, many people assume that bitcoin will not last long, the proof until now bitcoin stay successful, proved to be the day the user bitcoin bitcoin continue to grow because it is simple, easy and secure. Title: Re: For what was Bitcoin created? Post by: dream4 on January 22, 2017, 05:58:55 PM I am quite new to bitcoin but my guess is to be a good alternative to the fiat money system and also to weaken it for the better.
Title: Re: For what was Bitcoin created? Post by: Bitcoinsummoner on January 22, 2017, 06:28:00 PM Many time, this question also come in my mind, Why Nakamoto created Bitcoin? I think bitcoin before is just an experiment and they are added it as mode of payment because of anonymity satoshi created it to be unique because there is no payment method are anonymous that is why bitcoin is born.. that almost illegal activity are happen that is why the price was increase fast in 2013 because many drug lords and illegal business are using bitcoin in that time..Than i think reality is that he want to create something new, and now it is time of internet. So may be he choose internet, and on internet, every work only get success when people earn to money, Than definitely he will prefer to crypto currency and that is Bitcoin. Title: Re: For what was Bitcoin created? Post by: nikilavi on January 22, 2017, 10:04:43 PM It's is created for us to have an alternative to stocks or maybe a currency that can be spend through online . Satoshi did a really good job about it because he helps a lot of people by earning bitcoins through this forum and other sites that pays bitcoin. Bitcoin is also the future money for us. Bitcoin also has expensive value since it's price is higher than the value of a cash money that's why it is easy to adopt. Maybe it wasn't created as an alternative to currency otherwise there wouldn't be a limit of maximum bitcoins in the world
Title: Re: For what was Bitcoin created? Post by: bitbob82 on January 22, 2017, 10:22:13 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? I think Mr. Satoshi Nakamoto He made Bitcoin to create something new, earning a lot of money is just a secondary of his purpose. Maybe He saw that many people in the whole world suffering poverty because of financial problems. So Bitcoin is one the keys solution and that was happening already now. Title: Re: For what was Bitcoin created? Post by: meemiinii on January 23, 2017, 12:16:02 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? I think Mr. Satoshi Nakamoto He made Bitcoin to create something new, earning a lot of money is just a secondary of his purpose. Maybe He saw that many people in the whole world suffering poverty because of financial problems. So Bitcoin is one the keys solution and that was happening already now. Title: Re: For what was Bitcoin created? Post by: vasrasus on January 23, 2017, 12:23:37 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? I think Mr. Satoshi Nakamoto He made Bitcoin to create something new, earning a lot of money is just a secondary of his purpose. Maybe He saw that many people in the whole world suffering poverty because of financial problems. So Bitcoin is one the keys solution and that was happening already now. I don't think also that its for online shopping. It could be for easy payment transactions. It can convert into all fiats, it does lot of payment services . It offers easy services too like eloading and for gambling or betting games, we don't need to go too far or to paid more transaction fees. So for me it is for easy and convenient transactions ,the reason also why I'm using it other than I earn from it. Title: Re: For what was Bitcoin created? Post by: SvenBomvolen on January 23, 2017, 12:29:28 AM OP said right words, bitcoin is really one step forward. Now just bitcoin, blockchain is revolution, because I think there will be place for other alt-coins. They are surviving and some of this coins are making some progress as I see. Bitcoin is created to make money transfers more easier for all the people, and decentralization is something that can provide transparency in global economy.
Title: Re: For what was Bitcoin created? Post by: Text on January 23, 2017, 12:41:27 AM I think bitcoin was created to give idea for the improvement and better development of our economy. It is an opportunity that help us to make a transaction easy and convenient, also to pay less fees. If we see its significance deeply, we can tell its all benefits.
Title: Re: For what was Bitcoin created? Post by: Gembul on January 23, 2017, 12:53:47 AM In my opinion, bitcoin created for a purpose, that purpose is to facilitate us in this advanced era in financial terms. Due to the presence of digital currencies have become easier for us in terms of payments. Moreover bitcoin good for investment The point, bitcoin was created to facilitate human work in this modern era. Thank you
Title: Re: For what was Bitcoin created? Post by: SamsungBitcoin on January 23, 2017, 01:09:42 AM I think bitcoin was created for business of the family satoshi, then they found out that bitcoin can help more people to support or to help to provide some financial who are working hard in bitcoin community.
Title: Re: For what was Bitcoin created? Post by: mornabo on January 23, 2017, 01:18:10 AM I think bitcoin was created to give idea for the improvement and better development of our economy. It is an opportunity that help us to make a transaction easy and convenient, also to pay less fees. If we see its significance deeply, we can tell its all benefits. I think it's not just an idea. but bitcoin present to be the option that makes it easy currency in transactions fast and long distances though. and also a profitable investment for everyoneTitle: Re: For what was Bitcoin created? Post by: Finestream on January 23, 2017, 03:13:21 AM I think bitcoin was created to give idea for the improvement and better development of our economy. It is an opportunity that help us to make a transaction easy and convenient, also to pay less fees. If we see its significance deeply, we can tell its all benefits. I think it's not just an idea. but bitcoin present to be the option that makes it easy currency in transactions fast and long distances though. and also a profitable investment for everyoneTitle: Re: For what was Bitcoin created? Post by: 20kevin20 on January 23, 2017, 03:22:53 AM I think bitcoin was created for business of the family satoshi, then they found out that bitcoin can help more people to support or to help to provide some financial who are working hard in bitcoin community. If it was created for the family.. I'm pretty sure that family is going to live off Bitcoin for some decades! :D It was a very smart idea and I guess he owns a big part of the BTC Rich List. I just cannot believe that some random person was able to code this amazing currency that didn't fail in ANY way! Title: Re: For what was Bitcoin created? Post by: millgates on January 23, 2017, 03:48:11 AM I think bitcoin was created for business of the family satoshi, then they found out that bitcoin can help more people to support or to help to provide some financial who are working hard in bitcoin community. I dissagree with you, I think even satoshi is not control bitcoin anymore. I think bitcoin is craeted to be currency that appropriated for us now and help the business to grow faster. Title: Re: For what was Bitcoin created? Post by: nasipadang on January 23, 2017, 04:17:01 AM I think bitcoin was created for business of the family satoshi, then they found out that bitcoin can help more people to support or to help to provide some financial who are working hard in bitcoin community. I dissagree with you, I think even satoshi is not control bitcoin anymore. I think bitcoin is craeted to be currency that appropriated for us now and help the business to grow faster. Title: Re: For what was Bitcoin created? Post by: Rahar02 on January 23, 2017, 05:18:33 AM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? An alternative payment which has p2p system, my first thought was a transparent transaction to everyone without revealing user identity (anonymous). The idea of course to created decentralized currency without interfere of Central banks or government to rule it. Title: Re: For what was Bitcoin created? Post by: Rishabh riyz on January 23, 2017, 05:16:45 PM I think that bitcoin was created so that we can move to an advance and modern era of using crypto currencies
so that we shift from fiats to digital currencies for transactions in which we don't need to reveal our idenity and go smoothly the banks could not freeze our accounts now and we could actually use our money in the way we want so that miropayments across the globe would become possible without high taxes as it is decentralised so no single person can control it and so government or other banks just do not interfere Title: Re: For what was Bitcoin created? Post by: pinkpanther03 on January 24, 2017, 01:57:15 AM I think that people here are more worried why all those altcoins are created every day rather than asking for bitcoin. Bitcoin is a new innvoation and it's made to have a freedom of our money and making transactions less costly. Probably not all community, Altcoin in some other ways has positive side. Like for me, I'm one of the community here that don't have a capability to buy 1 bitcoin directly especially now the price is too high, only can't afford people can buy it. But with altcoin, I can buy for a cheap price then it could be multiply x10 or more. Then with it happen to sold it, I had now a capability to avail buying of bitcoin aven a little bit. Though most of alts are shitcoins, which i cannot deny it. Title: Re: For what was Bitcoin created? Post by: shine1123 on January 24, 2017, 02:08:43 AM For many things. Nowdays people use bitcoin for many things like for online transaction as the payment, for trading and gambling, online business and many else. I think bitcoin created for a payment like paypal in the first time, but bitcoin can be used for anything now.
Title: Re: For what was Bitcoin created? Post by: warwar on January 24, 2017, 02:30:48 AM For many things. Nowdays people use bitcoin for many things like for online transaction as the payment, for trading and gambling, online business and many else. I think bitcoin created for a payment like paypal in the first time, but bitcoin can be used for anything now. Sort of! bitcoin is made like paypal but it is decentralize, fast and effecient way in sending money. Well it is used to that things but not in all situation like paying online transactions it is only few knows bitcoin but some know they will accepts bitcoin as payment. all in all it is made to used for transactions and earn money also Title: Re: For what was Bitcoin created? Post by: boybugs18 on January 24, 2017, 07:50:16 AM When I first tried Bitcoin last year it help me alot about my internet works/hobby such as being able to subscribe to some site that accepting bitcoin and making my identity anonymous. So I think bitcoin is made for anonimity online and for easy access to buy/sell some products but not revealing your personal identity.
Title: Re: For what was Bitcoin created? Post by: Frank Alister on January 24, 2017, 02:41:05 PM For the same reason all the fiat money and cyprocurrencies are created for. It's a much better cyprocurrency than the others tho ;) Don't forget, we are who give value to the things like that.
Title: Re: For what was Bitcoin created? Post by: azguard on January 25, 2017, 01:01:33 PM For many things. Nowdays people use bitcoin for many things like for online transaction as the payment, for trading and gambling, online business and many else. I think bitcoin created for a payment like paypal in the first time, but bitcoin can be used for anything now. Correct. Now it can be used for anything and it will continue to grow from day to day. Still most of his usage is in gambling over 60% but that can be changed in time. think that in several year ratio will be 40:40:20, 40 gambling 40 buy/sell and 20 rest of it. Title: Re: For what was Bitcoin created? Post by: MFahad on January 25, 2017, 01:07:51 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? I think Mr. Satoshi Nakamoto He made Bitcoin to create something new, earning a lot of money is just a secondary of his purpose. Maybe He saw that many people in the whole world suffering poverty because of financial problems. So Bitcoin is one the keys solution and that was happening already now. Bitcoin is not only created for online shopping, but it has to do something to change the world to the cashless society. This is the digital currency and this will change the whole world economy shift to digital currency. Title: Re: For what was Bitcoin created? Post by: KennyR on January 25, 2017, 02:33:40 PM I think bitcoin was created for business of the family satoshi, then they found out that bitcoin can help more people to support or to help to provide some financial who are working hard in bitcoin community. If it was created for the family.. I'm pretty sure that family is going to live off Bitcoin for some decades! :D It was a very smart idea and I guess he owns a big part of the BTC Rich List. I just cannot believe that some random person was able to code this amazing currency that didn't fail in ANY way! Its not created to benefit his family and business alone, if so they could have got a patent for the technology or the innovation. That might be true that Satoshi is the one who holds the largest volume of bitcoin that's been mined. Title: Re: For what was Bitcoin created? Post by: Bitcotalk on January 25, 2017, 03:21:13 PM I think bitcoin was created for business of the family satoshi, then they found out that bitcoin can help more people to support or to help to provide some financial who are working hard in bitcoin community. If it was created for the family.. I'm pretty sure that family is going to live off Bitcoin for some decades! :D It was a very smart idea and I guess he owns a big part of the BTC Rich List. I just cannot believe that some random person was able to code this amazing currency that didn't fail in ANY way! Its not created to benefit his family and business alone, if so they could have got a patent for the technology or the innovation. That might be true that Satoshi is the one who holds the largest volume of bitcoin that's been mined. Title: Re: For what was Bitcoin created? Post by: BitcoinPC on January 25, 2017, 05:25:32 PM I think bitcoin was created for business of the family satoshi, then they found out that bitcoin can help more people to support or to help to provide some financial who are working hard in bitcoin community. If it was created for the family.. I'm pretty sure that family is going to live off Bitcoin for some decades! :D It was a very smart idea and I guess he owns a big part of the BTC Rich List. I just cannot believe that some random person was able to code this amazing currency that didn't fail in ANY way! Its not created to benefit his family and business alone, if so they could have got a patent for the technology or the innovation. That might be true that Satoshi is the one who holds the largest volume of bitcoin that's been mined. Satoshi might not even aware that his invention can change the world. It is just like invention of bulb and Wheel which changed the world. Next 50 years and you will see more usefulness and benefit of bitcoins and more world adopting this. Title: Re: For what was Bitcoin created? Post by: Tanic on January 25, 2017, 08:34:13 PM I think bitcoin was created for business of the family satoshi, then they found out that bitcoin can help more people to support or to help to provide some financial who are working hard in bitcoin community. If it was created for the family.. I'm pretty sure that family is going to live off Bitcoin for some decades! :D It was a very smart idea and I guess he owns a big part of the BTC Rich List. I just cannot believe that some random person was able to code this amazing currency that didn't fail in ANY way! Its not created to benefit his family and business alone, if so they could have got a patent for the technology or the innovation. That might be true that Satoshi is the one who holds the largest volume of bitcoin that's been mined. Satoshi might not even aware that his invention can change the world. It is just like invention of bulb and Wheel which changed the world. Next 50 years and you will see more usefulness and benefit of bitcoins and more world adopting this. Title: Re: For what was Bitcoin created? Post by: Przemax on January 25, 2017, 09:03:12 PM In my opinion the bitcoin was created to voice up an opinion about the current financial sittuation. It was designed to be a crowd funding project of rising the awareness of lack of participation how the world economics develops.
It might evolve to or is a scream of a deft person in the middle of the jungle, but it was worth to try at least. Its like a scream of "Im mad and I wont take this anymore" from a Network movie if someone still remembers. Title: Re: For what was Bitcoin created? Post by: the.jack20 on January 26, 2017, 01:19:29 PM If we think about different currencies - Bitcoin is a real step forward. It is not supported by gold or something else. It depends a lot on whether people use it and believe in it. For which purposes you think Nakamoto created Bitcoin? To earn a lot of money? Or just to create something new? Maybe, he wanted to show the different nature of money and that it doesn't need government to exist, for example? What are your thoughts on the topic? I do not think they created it to make a lot of money. Because it is not possible to predict that bitcoin will gain such a value. People who create bitcoins are people who want to oppose the system. They wanted to create a transparent system that is not controlled by any power. And they did it. Experiments have an aim. It may have been experimentally done in Bitcoin at first. But the purpose of this experiment was to change the current monetary system. Today, bitcoin is far beyond being an experiment. No need to wait for the future. Bitcoin is a technology that has changed our lives even now. Title: Re: For what was Bitcoin created? Post by: bestluck on January 26, 2017, 01:31:21 PM I think bitcoin was created for business of the family satoshi, then they found out that bitcoin can help more people to support or to help to provide some financial who are working hard in bitcoin community. If it was created for the family.. I'm pretty sure that family is going to live off Bitcoin for some decades! :D It was a very smart idea and I guess he owns a big part of the BTC Rich List. I just cannot believe that some random person was able to code this amazing currency that didn't fail in ANY way! Its not created to benefit his family and business alone, if so they could have got a patent for the technology or the innovation. That might be true that Satoshi is the one who holds the largest volume of bitcoin that's been mined. Satoshi might not even aware that his invention can change the world. It is just like invention of bulb and Wheel which changed the world. Next 50 years and you will see more usefulness and benefit of bitcoins and more world adopting this. Title: Re: For what was Bitcoin created? Post by: d@nte on January 26, 2017, 01:59:15 PM I think bitcoin was created to give idea for the improvement and better development of our economy. It is an opportunity that help us to make a transaction easy and convenient, also to pay less fees. If we see its significance deeply, we can tell its all benefits. I think it's not just an idea. but bitcoin present to be the option that makes it easy currency in transactions fast and long distances though. and also a profitable investment for everyoneTitle: Re: For what was Bitcoin created? Post by: mrkevio on January 26, 2017, 02:06:08 PM I think bitcoin was created for business of the family satoshi, then they found out that bitcoin can help more people to support or to help to provide some financial who are working hard in bitcoin community. If it was created for the family.. I'm pretty sure that family is going to live off Bitcoin for some decades! :D It was a very smart idea and I guess he owns a big part of the BTC Rich List. I just cannot believe that some random person was able to code this amazing currency that didn't fail in ANY way! Its not created to benefit his family and business alone, if so they could have got a patent for the technology or the innovation. That might be true that Satoshi is the one who holds the largest volume of bitcoin that's been mined. Satoshi might not even aware that his invention can change the world. It is just like invention of bulb and Wheel which changed the world. Next 50 years and you will see more usefulness and benefit of bitcoins and more world adopting this. He created it and I do not think it was just a random idea that he planned.. I guess Bitcoin was the result of years of work, not just a few days because there are no issues with it, it's just perfectly created. He should've known the potential of it since he released it online, because Bitcoin can be used for so many things. I just think about it and I already get dozens of situations and ideas where Bitcoin can be used. I think Satoshi was a person who wanted freedom and anonymity. It doesn't mean he is a criminal, he probably wanted to only stay away from the control. |
