In your own words: What is the purpose of Bitcoin?

[afriezalie]

Bitcoin is used for anonymous transaction, investment method, and online payment method for me. Also it can be used to perform an international trading without money changer and high fee.

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[Kprawn]

Bitcoin provides a irreversible payment system money transfers from one person to another, with no 3rd party necessary.

That might have been the goal, until all these payment processors jumped in on the action to make a quick buck and then suddenly claim that they were hacked or that they

distance themselves from Bitcoin, when they grown enough to stand on their own feet, like "Circle" just did.

Most people are so handicapped by their use of the fiat system, that they cannot handle the financial freedom that Bitcoin brings to the table. It's like a type of fiat

Stockholm syndrome.  ...They accept and love their captors. https://en.wikipedia.org/wiki/Stockholm_syndrome

[Possum577]

To provide a currency system, based online, that eliminates the need to trust a 3rd party or "middle man" to produce the currency or conduct transactions.

[1Referee]

Freedom. No worries. No frozen funds. No chargebacks. No more waiting a working day or even a whole weekend for transactions to post in my bank account. Since I know Bitcoin I stopped using crappy services as Skrill and PayPal. It feels amazing to be boss over my money and to send/receive money instantly.

[OmegaStarScream]

It's basically to cut PayPal & the other payment methods crap like having to worry for 6 months about the seller if he will chargeback or not  , transactions are pretty fast and low cost (too low) and basically annonymus where someone don 't need to provide his adress ,name and that kind of stuff .
and also made and still making some people rich , and for those who bought at ~1200$ or something and sold it's their fault I believe , you don't lose unless  you start selling .

[Q7]

For me, it is an instrument or tool that will provide an alternative or solution to possibly solve all the mess and problems we are suffering right now caused by the weaknesses in the existing financial system. Manipulation by the rich to further enrich themselves while the poor keeps on being supressed and enslaved to point of no return. Sounds dramatic? No it's a fact.

[bit3000]

The best digital innovation!
Much better than google,facebook,and other shit.

[Winalunt]

The best digital innovation!
Much better than google,facebook,and other shit.

Ok we can consider it as the best digital innovation of this century but OP never meant that ?
tell your opinions on its purpose or use.

[tokeweed]

Profit.

[MUFC]

The main purpose of bitcoin to me is to be the first decentralized currency operating independent of any central authority. I love that you can't be censored by payment processors/banks/governments refusing to cater or work with certain organizations they don't like or have been told not to work with. I also like how the government or banks cannot take your money without permission and you are in charge of your own money.

[Daniel91]

In my opinion, purpose of bitcoin is to get rid of banks and bankers and become financially free.
I don't like any regulations, crazy fees and strict laws and bitcoin is perfect solution for me

[wafersticks09]

To use it in online transaction. Very fast transaction, anonymous, low transaction fee. It will replace paypal, etc. in the near future.

[RealBitcoin]

1) Protect against fiat printing theft
2) Hedge against global economic collapse
3) Send huge sums of money online with any overhead fees
4) Connect supply & demand, many people dont have access to online money, they can have now
5) New jobs & money earning opportunity
6) Against Censorship & for transparency
7) Safe Accounting
8 ) Financial security and responsibility
etc....

[Pab]

 
 All digital currencys not only btc are to disrupt that modern financial system,money games,printing.Btc is p2p money and it has to be people money

[Hugroll]

the purpose of bitcoin to allow a safe and anonymous transaction to ocure between 2 parties without being afraid of chargebacks

[Ginvest]

The purpose of Bitcoin was to pump and dump. It was really good realised. So many people bought bitcoins for 1000$. And now what? When was Bitcoin price over 300$ at least? So, no, Bitcoin won't replace PayPal or any other fiat money. It can easily go down at 200$, 100$ and so on. Do you really will to invest in it?

[Xenoph0bia]

Bitcoin is a digital currency by which you can shop online, can transfer the bitcoins to anywhere and there is no need for bank. It is basically based on peer to peer environment. You can done the transaction without any middle institute like banks. Bitcoins are easy to use, transfer and free which is the main reason for their popularity.

[Soros Shorts]

An digital asset that can bypass international currency controls.

[Mickeyb]

For me, Bitcoin is a first transparent payment system that has ever existed. System that doesn't need and doesn't rely on the third parties, the same parties that are almost always centralized and by that prone to corruption, cheating and deceiving masses.

Bitcoin is the first money that belongs to the people not the creator or issuer as it's the case with traditional financial systems.

[RGBKey]

I feel like the purpose is to stop one party from having too much control over the way that people store value.