Apart from earning BTC, What is BTC upto?

[Siyas]

Hi Experts,

I really love BTC and its benefits. I would like to know, why and for what the BTC was brought to the screen. What is it really up to? and the goal of creating this?

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[wintermeasures]

Hi Experts,

I really love BTC and its benefits. I would like to know, why and for what the BTC was brought to the screen. What is it really up to? and the goal of creating this?

Bitcoin is money, such as money you've got now. of course the money is for buying and selling, and with bitcoin allows you to transact online quickly and with a cheap fee. And many people use bitcoin for investment too. Thank you

[notlist3d]

Hi Experts,

I really love BTC and its benefits. I would like to know, why and for what the BTC was brought to the screen. What is it really up to? and the goal of creating this?

I suggest taking a look at a website such as this: https://bitcoin.org/en/ It will do a good job as far as showing you what BTC brings to the table.  Some of it I think is rather obvious, other parts are more subtle.

But starting reading with a site like that and then coming back with a more specific question I think we would be able to help you out a lot more.  Current question is just very broad and so many different answers to it.

[pooya87]

bitcoin has created a way to transfer money peer to peer without the need to any third party (except miners) like banks which makes it decentralized too and do this process super fast and with the cheapest fees possible while having the maximum security while doing it.

you should read in details on the bitcoin paper found on bitcoin.org

[NorrisK]

The main reason was to create a decentralized network to support a currency. By creating a decentralized network, satoshi made sure that governments can never directly make changes such as increase bitcoin production or stuff like that.

Instant transactions (not to be mistaken with instant confirmations!) are also a very important part of bitcoin. Coupled with relatively low fees (they have been increasing due to block size limits), makes transfering money around the world easy and cheap.

It also empowers the users as you now fully control your funds. This is both good and bad, especially with the high number of computer virusses and trojans going around. One has to be really careful how you treat your computer and protect your bitcoins. I would advise a hardware wallet like a trezor.

[romero121]

Initially bitcoin has been developed as a alternate transaction method which supports in the transaction of huge amounts which is highly risky and taxable through banking. When days passed because of the enormous growth and potential in transformed as an earning, currency and investment.

[Siyas]

The main reason was to create a decentralized network to support a currency. By creating a decentralized network, satoshi made sure that governments can never directly make changes such as increase bitcoin production or stuff like that.

Instant transactions (not to be mistaken with instant confirmations!) are also a very important part of bitcoin. Coupled with relatively low fees (they have been increasing due to block size limits), makes transfering money around the world easy and cheap.

It also empowers the users as you now fully control your funds. This is both good and bad, especially with the high number of computer virusses and trojans going around. One has to be really careful how you treat your computer and protect your bitcoins. I would advise a hardware wallet like a trezor.

Thank you so much. Will be much careful on protecting my BTC and the computer (from viruses) i use. Transactions will really help me increase BTC in my wallet. With more interest on knowing BTC, stepping forward into this BTC world. I am sure you all will be assisting me. Thank you

[Kprawn]

People wanted to make transactions without having to go through a centralized service on a global scale and Bitcoin has made this possible for the first time. { Well, lately some 3rd party services has

come back strongly, and are getting a good foothold in the industry } It is still possible to send Bitcoin from one person to the other, without going through any 3rd party service, but most people are

looking for convenience and these 3rd party services are doing this for them...so it's just comfort. Bitcoin p2p is still the best way to use it. 

[Siyas]

People wanted to make transactions without having to go through a centralized service on a global scale and Bitcoin has made this possible for the first time. { Well, lately some 3rd party services has

come back strongly, and are getting a good foothold in the industry } It is still possible to send Bitcoin from one person to the other, without going through any 3rd party service, but most people are

looking for convenience and these 3rd party services are doing this for them...so it's just comfort. Bitcoin p2p is still the best way to use it. 

Yah true dude.. BTC is getting spread only online in this forum... No other named / organized body to advertise BTC or market out BTC. Really unique.
Will extend the support for BTC as this does in our life... Good point on BTC.

[Fraxinus]

To transfer money without having to go through different institutions and being able to make a transaction at any place every moment with almost no fees and instantly-you don't have to wait for days for the transaction to appear.

[Digitalbitcoin]

Hi Experts,

I really love BTC and its benefits. I would like to know, why and for what the BTC was brought to the screen. What is it really up to? and the goal of creating this?

Good question really apreaciate.

Every newbie must understand what is Bitcoin actually.

Bitcoin is just one of Altcoin have highest value of exxchange to fiat market currency.

Its and digital and virtual currency. Its based on scrypt SHA256. And the base is cryptography.

Without blockchain Bitcoin could never get value of currency in market. Bcz Blockchain securely enrypt all trasaction and make them public.

Basically Cryptography has amaing features and Future also.

[Sharky444]

Bitcoin was created by the Illuminatis in order to control the world.

[Herbert2020]

bitcoin is money, but the difference is that bitcoin offers so much more than what fiat is offering. when you start using bitcoin you'll understand what i mean.
and also as an investment it already showed that it can be a very profitable investment.

[yhansky]

Hi Experts,

I really love BTC and its benefits. I would like to know, why and for what the BTC was brought to the screen. What is it really up to? and the goal of creating this?

I.dont know ,but the only person who can answer you is the creator of bitcoin which satoshi nakamoto.
In my own bitcoin is only made for illegal activies,,you cant track who is the real owner cause its anonymous.

[langedwig]

The main reason was to create a decentralized network to support a currency. By creating a decentralized network, satoshi made sure that governments can never directly make changes such as increase bitcoin production or stuff like that.

Instant transactions (not to be mistaken with instant confirmations!) are also a very important part of bitcoin. Coupled with relatively low fees (they have been increasing due to block size limits), makes transfering money around the world easy and cheap.

It also empowers the users as you now fully control your funds. This is both good and bad, especially with the high number of computer virusses and trojans going around. One has to be really careful how you treat your computer and protect your bitcoins. I would advise a hardware wallet like a trezor.

Thank you so much. Will be much careful on protecting my BTC and the computer (from viruses) i use. Transactions will really help me increase BTC in my wallet. With more interest on knowing BTC, stepping forward into this BTC world. I am sure you all will be assisting me. Thank you

you are right. Keep more eye on your wallet and do transactions when needed. The transaction speed is realy too fast. It is really very safe. Go through more threads and find out ways to grow.

[BitcoinSupremo]

Bitcoin was created by the Illuminatis in order to control the world.

Funny, cause I know banks are created from Illuminatis to have access to all people funds and use lending so can use people like their slaves.
Bitcoin is so unique ,it can sit in my own PC without Illuminatis knowing anything and is fully decentralized so no one can control it, illuminatis or masons no one have control over my coins. Thats how bitcoin I think was created in the first place , to give us freedom of using money without a central supervising authority.

[hermanhs09]

Hi Experts,

I really love BTC and its benefits. I would like to know, why and for what the BTC was brought to the screen. What is it really up to? and the goal of creating this?

Well, it's really all about decentralization and anonymity. People like to have a trustless payment processor that is irreversible by nature. Also people don't want to be under government control all the time.

Guess that's why bitcoin is so popular now

[langedwig]

Its unique. It is designed to reduce your work i would say. It is not needed to visit bank or any other institutions for BTC. Earn the money, keep in your wallet. Exchange to your currency when you feel the price has gone up. Now you would understand why the BTC was brought to screen.

[BlueTemplar]

BTC is an everyday currency to me, it's pretty cool that orgs like CoinBase offer chip cards that will allow you to pay at every day machines but in Bitcoin, I wonder when this will be available in more countries

[Endikadija]

It is created to make the world a better place in relation with money.You can buy everything with it and still you dont need a wallet in your pocket to keep the money.One advantage is that robbers have nothing what to steal