For what was Bitcoin created?

[madwica]

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.

[1715462878]

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[bamboylee]

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 .

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.

[JeffBrad12]

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.

[delliaerd]

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.

Yes That correct answer, I agree with that. bitcoin is created to be a currency that can avoid centralization to be decentralitation. But in the way of bitcoin, it was to be an investment too. also It was the best way to avoid goverment rule. the Anothe benefits of using bitcoin is we do not need to pay tax of it. bitcoin is wonderfull thing, bitcoin was increase its value. so bitcoin was created to be virtual currency that make transaction more simplier and practicaly. then it was turned to something amazing thing that very very usefull.

[marleybobthedog]

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.

[qiwoman2]

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.

[mlbs]

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.

[sonnyacg]

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)".

[icecube45]

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.

[stomachgrowls]

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.

[thejaytiesto]

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:

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00000010   00 00 00 00 00 00 00 00  00 00 00 00 00 00 00 00   ................
00000020   00 00 00 00 3B A3 ED FD  7A 7B 12 B2 7A C7 2C 3E   ....;£íýz{.²zÇ,>
00000030   67 76 8F 61 7F C8 1B C3  88 8A 51 32 3A 9F B8 AA   gv.a.È.ÈŠQ2:Ÿ¸ª
00000040   4B 1E 5E 4A 29 AB 5F 49  FF FF 00 1D 1D AC 2B 7C   K.^J)«_Iÿÿ...¬+|
00000050   01 01 00 00 00 01 00 00  00 00 00 00 00 00 00 00   ................
00000060   00 00 00 00 00 00 00 00  00 00 00 00 00 00 00 00   ................
00000070   00 00 00 00 00 00 FF FF  FF FF 4D 04 FF FF 00 1D   ......ÿÿÿÿM.ÿÿ..
00000080   01 04 45 54 68 65 20 54  69 6D 65 73 20 30 33 2F   ..EThe Times 03/
00000090   4A 61 6E 2F 32 30 30 39  20 43 68 61 6E 63 65 6C   Jan/2009 Chancel
000000A0   6C 6F 72 20 6F 6E 20 62  72 69 6E 6B 20 6F 66 20   lor on brink of 
000000B0   73 65 63 6F 6E 64 20 62  61 69 6C 6F 75 74 20 66   second bailout f
000000C0   6F 72 20 62 61 6E 6B 73  FF FF FF FF 01 00 F2 05   or banksÿÿÿÿ..ò.
000000D0   2A 01 00 00 00 43 41 04  67 8A FD B0 FE 55 48 27   *....CA.gŠý°þUH'
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00000100   F3 55 04 E5 1E C1 12 DE  5C 38 4D F7 BA 0B 8D 57   óU.å.Á.Þ\8M÷º..W
00000110   8A 4C 70 2B 6B F1 1D 5F  AC 00 00 00 00            ŠLp+kñ._¬....

That was a beautiful touch by satoshi.

[Roger Burton]

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.

[xIIImaL]

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

[error08]

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.

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.

I thought that Mr. Nakamoto just sick of world banking system that have enslaved their citizens under the weight of their debts.
Bitcoin give us full control and be ourselves banks, in other words bitcoin is banking without bank, no need to join in bank systems.

[prabowo96]

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.

[outatime1]

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.

[mrcash02]

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.

[freebutcaged]

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.

[serjent05]

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.

[Catlonid]

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.