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Author Topic: For what was Bitcoin created?  (Read 16658 times)
Ereacia
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November 24, 2016, 04:00:30 AM
 #281

the main purpose of course for benefits, already many peoples are wealthy because bitcoin. for me, with bitcoin make some earning although only a little.

Its for me the same reason and I think with enough patient there is a chance that we can make some big numbers after a while.
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November 24, 2016, 04:19:53 AM
 #282

Probably it was created for  online transaction with a view that it would eradicate banking system online which is prone to hacker and criminals. So with bitcoin everything is anonymous and no one could alter our money.
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November 24, 2016, 04:57:00 AM
 #283

Not every invention is intended by the innovator. So bitcoin creation might be an accident or something unexpected. Probably Mr. Nakamoto will be able to tell you guys the actual story.

But whatever happens, it is true that bitcoin has given us an enormous opportunity to make our dreams come true by creating an alternate source of income. That is really great. So enjoy the power of bitcoin!

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November 24, 2016, 05:46:05 AM
 #284

Probably it was created for  online transaction with a view that it would eradicate banking system online which is prone to hacker and criminals. So with bitcoin everything is anonymous and no one could alter our money.

It is actually the banks who is needed to be evaded. That is why bitcoin is created. It is an option for us to make our own decision when it comes to managing our money and more.


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November 24, 2016, 07:08:37 AM
 #285

Probably it was created for  online transaction with a view that it would eradicate banking system online which is prone to hacker and criminals. So with bitcoin everything is anonymous and no one could alter our money.

It is actually the banks who is needed to be evaded. That is why bitcoin is created. It is an option for us to make our own decision when it comes to managing our money and more.
Banks are centralized while bitcoin is decentralized. That's the big difference and though banks promise confidentiality but we cannot trust them on that matter, there's a lot of corrupt people this world especially those who are in power and i feel safer putting my money in bitcoins than in banks.

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November 24, 2016, 05:32:10 PM
 #286

Yes, indeed, Bitcoin is a step forward. It's fast, cheap, no refund, your personal data can not be stolen, there is no inflation, do not trust anything to anyone and he belongs to you.

That's not included that your personal data cannot be stolen, it depends on your negligence if you will allow those exchange sites that requires information from their customers. And it was created to be use as total currency whether your transaction will be online and offline.

Bitcoin was created to avoid any government interference all of us know they can control it easily but not Bitcoin. It is decentralized not like fiats and that's the big advantage of creating Bitcoin.
I think everyone has their own opinion but to me I think bitcoin is created for the purpose to have one same currency in all over the world and having same value everywhere. Bitcoin may also be created for online uses also as we can see that it is more convenient for online shopping and trading.
I have always thought that having a single world currency to be a major mistake even if that currency happen to be bitcoin since if that currency were to fail the whole world economy will crumble with it.

This will lead to one world government and that means that one economy, one currency (Bitcoin if possible) and one power. But I don't think the government will rely on bitcoin.
Yeah, it will be similar to the Euro, they introduce the currency and then they try to force political integration despite all the voices against it, but lucky for us bitcoin now is in the picture and we are able to escape that tyranny for the moment.
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December 01, 2016, 05:29:38 AM
 #287

i think first reason is created a digital currency to rival of real money or maybe accompany real money


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December 01, 2016, 05:48:28 AM
 #288

Bitcoin was created with a cause it is a decentralized network with low fee and that to it is digital currency, In starting 2008 and 2009 many people afraid of investing into bitcoin because government sectors will surely ban this. But the people who ever invested into bitcoin now became millionaires.

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December 01, 2016, 05:57:09 AM
 #289

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?

Isn't you already answered your own question dude? But still let me give my response to your question, for me bitcoin I think Mr. nakamoto created bitcoin to give convenient to anyone who will get the edge of it  of how it can help worldwide through high technology in online system.

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December 01, 2016, 06:03:52 AM
 #290

i think first reason is created a digital currency to rival of real money or maybe accompany real money

Hmm. Good opinion. I think it is just an alternative or an option for people to make transactions faster and with convenience. But the problem would be the usage. Not to many are seeing that reason yet so we still need to wait for others to come to their senses.


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December 01, 2016, 06:32:15 AM
 #291

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?

Isn't you already answered your own question dude? But still let me give my response to your question, for me bitcoin I think Mr. nakamoto created bitcoin to give convenient to anyone who will get the edge of it  of how it can help worldwide through high technology in online system.

It wasn't creating by each person only.
But in my speculation bitcoin was getting created for the revolutionary of the financial section. Which means, totally the control of our financial has held by ourself. For Avoid the intervention of bother thing. And some new dev was creating a new development of bitcoin and it makes can be implementing on a various statement.




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December 01, 2016, 06:44:16 AM
 #292

Other than all the others are mentioned above bitcoin was created because:

  • Internet nowadays is mature and stable and is spread all over the world (More than 40% globally).
  • Banks in developed countries impose policies that interfere with personal and social life of citizens gaining increasing control over their money.
  • There is a large number of people in underdeveloped countries they have not bank status. Except cash with fiat money there is no other way to transact each other.




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December 01, 2016, 07:15:08 AM
 #293

Other than all the others are mentioned above bitcoin was created because:

  • Internet nowadays is mature and stable and is spread all over the world (More than 40% globally).
  • Banks in developed countries impose policies that interfere with personal and social life of citizens gaining increasing control over their money.
  • There is a large number of people in underdeveloped countries they have not bank status. Except cash with fiat money there is no other way to transact each other.





Your first point is right but I am not fully satisfied with it because to make payment and deals we have the other better options also ( like PayPal , better etc ) .
Here the main reason only of less transaction charge and no tax .


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December 01, 2016, 08:47:24 AM
 #294

a definitive reason just satoshi nakamoto knows !
but in my opinion Bitcoin created for payment so more easy

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December 01, 2016, 12:32:14 PM
 #295

Maybe simple put on this topic is that Bitcoin can be used to buy things electronically. Most important characteristic of bitcoin is thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network, most important BANKS. This puts some people at ease, because it means that a large bank can’t control their money. Other most important thing is that its independent of any central authority, transferable electronically, with very low transaction fees.




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December 01, 2016, 01:00:06 PM
 #296

For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment
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December 04, 2016, 02:44:41 PM
 #297

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?

Well i would like to share my thoughts about this topic is really great Cheesy so here i go, the creator of bitcoin created for the main purpose to get income from it but its a great risk because its from the internet and its very impossible and you have to make the government to trust you about your idea i think 80% of people are spending time in the internet so they have this idea to create a bitcoin so that they can buy stuff in the internet like games in steam or lazada they don't have to send money in the real world but they have to exchange the real money into internet money its very unbelievable but it works i mean it really works and bitcoin helps people pay their bills easily and no worries about spending a ticket for a bus or a train just to pay bills and Yes! you're right from your questions so that they earn money and help people in the internet to have jobs and earn and also different natur of money Cheesy you know its a genius creation i really admire the ones who created bitcoin it made internet have purpose Cheesy have a good day and thank you for the topic Cheesy
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December 15, 2016, 09:08:56 PM
 #298

For me i think it is created as business but now this is not only a business this will be like charity that all people can get money by doing some work in bitcoin and most of the users now are doing investment
But could somebody create something that powerful being inly inspired by some ideas of business and stuff? I don't think so. I guess rather it was planned as a charity, anti-governmental project of the manifestation of human will and then became something used in business.

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December 15, 2016, 11:28:58 PM
 #299

for the first time bitcoin has created for the deep web hackers. as a digital currency with a hight algorithmes . so noone can follow that currency.
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December 16, 2016, 12:42:03 AM
 #300

Bitcoin is made for an easier transactions and low fees.
There is no third party here to complete our transaction.
I think it's the simple reason. Sathosi nakamoto is solved the internet (e-commerce) problems.

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