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Author Topic: For what was Bitcoin created?  (Read 17007 times)
BitcoinHodler
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September 28, 2016, 03:22:49 PM
 #61

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.

Holding Bitcoin More Every Day
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September 28, 2016, 03:32:20 PM
 #62

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.
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September 28, 2016, 03:34:41 PM
 #63

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.


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September 28, 2016, 05:59:16 PM
 #64

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.
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September 28, 2016, 06:49:15 PM
 #65

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.
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September 28, 2016, 09:33:47 PM
 #66

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.

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September 28, 2016, 09:40:24 PM
 #67

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 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.
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September 28, 2016, 11:01:21 PM
 #68

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 it
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September 28, 2016, 11:15:48 PM
 #69

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.
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September 29, 2016, 12:32:57 AM
 #70

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.

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September 29, 2016, 01:06:37 AM
 #71

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.
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September 29, 2016, 01:08:26 AM
 #72

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 banks

 
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September 29, 2016, 05:50:42 AM
 #73

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.
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September 29, 2016, 06:47:14 AM
 #74

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
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September 29, 2016, 07:25:02 AM
 #75

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.

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September 29, 2016, 07:37:33 AM
 #76

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.
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September 29, 2016, 07:42:03 AM
 #77

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.
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September 29, 2016, 09:26:45 AM
 #78

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.
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September 29, 2016, 11:25:52 AM
 #79

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
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September 29, 2016, 01:06:43 PM
 #80

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.
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