for which purpose satoshi nakamoto developed bitcoin?

[mynameisdon]

now bitcoin is in every mind who know attest little about it.because this currency become interesting now for his some quality.but suppose we dont know anything about crypto currency then then imagine what might be in satoshi's mind while making bitcoin and its network.
give your opinion please.

[1714846422]

1714846422

[1714846422]

1714846422

[1714846422]

1714846422

[1714846422]

1714846422

[1714846422]

1714846422

[1714846422]

1714846422

[mobnepal]

most of us know bitoin is famous because it is anonymous and decentralized. And it is sure satoshi have developed bitcoin or blockchain to make digital currency peer to peer and decentralized.

[owm123]

most of us know bitoin is famous because it is anonymous and decentralized. And it is sure satoshi have developed bitcoin or blockchain to make digital currency peer to peer and decentralized.

bitcoin was designed to combat financial censorship, so that you can send money to others without needing a third party or asking any company or government for permission.

However, bitcoin was not designed to be anonymous, and off course, it is not anonymous by itself. it is pseudo-anonymous.

[unamis76]

Satoshi created Bitcoin because he wanted an alternative. It seem pretty obvious that he wasn't happy at all with all these banks having issues, bailouts and things like that. Satoshi wanted the world to stop depending on paper currency that government steal, subvert, control and print however they please. He also wanted to be able to send funds without being scrutinized and asked why he was sending those funds and to who. These are pretty much the reasons why we are all here

[xuan87]

I think he is thinking about efficient way to do transaction, one currency for whole world, without the need of identity

[redsn0w]

Maybe he was bored about this actual economic-political-social system.. and wanted to create a new thing that would revolutionize it.

[jtipt]

Ok a very obvious thinking lol
he probably wanted to do(buy) something illegal but buying with fiat could get him in trouble hehe so he thought of a idea to make money transfer completely anonymous  

[teddy5145]

It's obvious that bitcoin were made because Satoshi is unhappy with the centralized money system that was controlled by banks and governments
So he decided to make his own currency with decentralized money, thus that's how bitcoin was born
Too bad no one ask him this question when he was still around, maybe he can shed some light to us

[septian44]

bitcoin will always prefer a lot of people .....

[EdenHazard]

now bitcoin is in every mind who know attest little about it.because this currency become interesting now for his some quality.but suppose we dont know anything about crypto currency then then imagine what might be in satoshi's mind while making bitcoin and its network.
give your opinion please.

bitcoin created with some purpose,i guess some of that purpose is give alternate payment on internet and real life,also because the price going up and down sometime,its have purpose to be investement.

[franky1]

it was all about offering something that the banking system could not offer
something without controls, manipulation and endless inflation.

its pretty much highlighted in his genesis block, as he has been visibly against the banking cartel that caused te financial crises

[Amph]

to fight the biggest scam in the history of mankind, or to simply be the first to deliver a new technology like the blockchain

when you have an awesome idea, you don't throw it away, so....

[randy8777]

to give people the option to choose. if you choose for bitcoin you can be the full owner of your wealth. you don't need to use banks anymore since your wallet that you fully control is your bank. also, with fiat there is always money being printed which makes the value only lower and lower. with bitcoin there are only 21 million coins that can be mined. after that not even a single satoshi will be pushed into the bitcoin ecosystem.

that's basically it. will you choose to use your fiat where you will never be the owner of your money and where the situation is always the same?? or will you choose for bitcoin. easy choice for me.

[BitTyro]

There's a lot of answers/theories already given as to why Satoshi Nakamoto created bitcoin and the bottom line is that he succeded what ever his reason may be. And for that, the next question is why he left his project when he already achieved what he wanted for it? Or it could be that the above mentioned answers are not part of his plan in creating bitcoin hence he left when everything was out of his control eh?

[MicroGuy]

I'm willing to bet that the direction it's currently heading in isn't what he was planning. Guess he should've stuck around a while longer.

Exactly. I feel bitcoin's founder failed to recognize the currency's vulnerability within its core operation. Like many of the world's governments, it has fallen under corporate control.

Many here are not longer concerned with what Satoshi had in mind. I read a bitcointalk staff member saying the other day that "Satoshi's vision is irrelevant."

Satoshi's vision is irrelevant.

[bob123]

Because he is a pioneer 

[thejaytiesto]

Judging by the newspaper that he put on the genesis block (google the history if you don't know what im talking about) he is most likely a libertarian or something like that, pissed off about the scam that the fiat system is, and wanted to shock the world with an alternative.

[Amph]

I'm willing to bet that the direction it's currently heading in isn't what he was planning. Guess he should've stuck around a while longer.

well i think you're wrong

talking about the mining scene, he exactly predicted the current mega farm situation and their "centralization"

the issue about the limit drama was also predicted because there was no limit at first and he know for both reasons why there should be a higher one and why it's should not be that high

other concerns are insignificant

[BlueStackz]

Satoshi would have wanted to make something which people love and should be controlled by people.
I believe he wanted people to feel a currency which is real even though being virtual. I think he had very clear intentions of making a revolution among common people.