The BitCoin Cause

[LeGaulois]

To get a currency giving more advantages to the users innstead authorities controling it...
When you make a cheque from your Bank and going to another, it will take most of the time several days for which this is credited to the recipient's account, simply because the Bank that receives cannot be certain that the funds exist. International transfers are also relatively slow to run.
A bitcoin transaction is generally much faster. A transaction can be instant.
Another point, It's cheap. At argument you might answer the credit card transactions is also instant. It's true, but the Merchant pay for this advantage. Some merchants will pass the price reduction ton uou, since they must be charged of this overhead to their bank. Bitcoin transaction fees are very low

[jtipt]

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?

Bitcoin was basically made to be a peer to peer system without any authority such as bank being involved. Bitcoin was meant to be used like any other currency, but it took a different approach than fiat. So yes it can be used for everyday shopping but we are still far from it maybe in few years if the bitcoin popularity increases you would see your local shopkeeper accepting bitcoin.

[Catmony]

The features bitcoin have explains the actual reason itself;
1. Anonymous transaction - for personal privacy
2. <1% miners fee - for cheap international payment
3. Irreversible transaction - no chargeback issues
4. Decentralized - you will have full control over your money
5. Encrypted - Most secure way to store your money

[Idrisu]

I didn't know what is in the mind of a cryptographer called " satoshi Nakamoto before creating bitcoin but from it nature we can easily understand what he has in mind. Bitcoin is a decentralized currency, it's not subject to conventional currencies, no government can control it, it's not subject to Government regulations authority such as bank and others financial regulatory authority.

[Wind_FURY]

Bitcoin was just design as payment system, it's not a currency as it will never be considered as one in the eyes of the government. As payment system, we rely solely on fiat to determine it's value and with it's system that could give us fast and cheap transaction, it would help the humanity who would adopt to get the experience of convenience and cheap transaction fee.

The investment side is just an extra since it's based on a limited supply, we can take advantage of the huge demand in the future if we will invest now.

What are you talking about? How you think Charlie Shrem got into prison? There are also other same cases reported where the judge has declared Bitcoin as a currency and charged the people involved with running an unlicensed money transmitting service. I know the legal definition of Bitcoin is still open but saying it will never be considered as a currency is wrong.

[shamzblueworld]

What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?

Bitcoin was created to give financial freedom or to start p2p (peer to peer) payment gateway with very low fee and without any central body to process, block, investigate the transaction. Privacy on paying online is the main feature bitcoin have so it is built to giva a way for the people to spend their money whenever and wherever they want to spend it. 

I agree. Now about the second question, "for whom?" Was it really meant for a common man too? Or just for the people with lot money and who don't want to pay taxes or involve a third party or even don't want to let anyone( or government) know about the sources or amount of their income etc.
Who knows Satoshi could be hired by a drug lord or a mafia king to make this and everything what we see is just only what they want us to see.

[virasog]

I guess, bitcoin is meant for those who access internet business and made for those people who really transact or purchase something or whatever they need through web.
This bitcoin made to make our life easy, no hard thing to do with money matter or transaction and for sure this one was made to decentralize and security purposes for big money holders.

[Wind_FURY]

What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?

Bitcoin was created to give financial freedom or to start p2p (peer to peer) payment gateway with very low fee and without any central body to process, block, investigate the transaction. Privacy on paying online is the main feature bitcoin have so it is built to giva a way for the people to spend their money whenever and wherever they want to spend it. 

I agree. Now about the second question, "for whom?" Was it really meant for a common man too? Or just for the people with lot money and who don't want to pay taxes or involve a third party or even don't want to let anyone( or government) know about the sources or amount of their income etc.
Who knows Satoshi could be hired by a drug lord or a mafia king to make this and everything what we see is just only what they want us to see.

Are you really serious with that thought? I could accept that it could be created by someone in the NSA, CIA or DARPA but drug lords and the mafia? There is too much harebrained thinking in your comment. For you, did it come to mind that the main reason for the creation of Bitcoin was to disrupt the banking system and not to hide wealth from the government?

[carlisle1]

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?

I guess it was only meant to be used for trading digital goods in the first years of its existence and later on it became very popular so that the idea of using for buying real goods as well came out maybe it was actually created in order to trade conveniently and somehow reduce so much time on processing a transactions and just like what I've said probably it was made for people who used to trade digital goods online .

[Rammortal]

Bitcoin is a relatively new form of currency which was mainly created for peer-to-peer and transactions take place between users directly, without an intermediary. Yes, its a fast transaction method compared to bank and international wired transactions. I guess Gold is considered to be a must have precious metal/commodity. I believe Bitcoin will be a hit too.

[Amph]

bitcoin is both a currency and a tool for speculation or store of wealth if you prefer, to make it more of a currency you need first to increase adoption but by increasing adoption you are increasing the value

therefore right now bitcoin is more for speculation, until proper value is reached to be used as a currency, another thing is that with a very low value you can't really use bitcoin as acurrency

because you need to acquire many of them to do a purchase and we know that bitcoin is limited, thereby i believe the value is currently limiting the usage of bitcoin

[warwar]

I think bitcoin is not really made or launched for that purposed to be a payment methods on some shops.The main reason bitcoin is launch and made is for the creator and developers to earn and make money online and not intended to be one of the main currencies around the world.so for me i think its not

[Kakmakr]

I would guess Satoshi's goal for Bitcoin was to be a Peer-to-Peer Electronic Cash System, like the whitepaper stipulates. People then started to trade with it as a commodity and use it for other purposes and it evolved from a Peer-to-Peer Electronic Cash System, to something with many other applications.

So let's not force Bitcoin into one box, if it is possible to fit it into many boxes. ^smile^

[Antesth]

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?

The cause for making the Bitcoin was that you can transfer money anonymously.
And the Bitcoin was meant for everyone that wants to use it.

[audaciousbeing]

So I saw many threads on will bitcoin be used by common people or when it will be used by all over the world and for buying groceries etc.
But I wonder, was bitcoin actually meant to be used like that? What was the actual cause for creating bitcoin? And for whom it was meant to be?
Any facts or thoughts?

From the what I have read and even following how events have unfolded, I have a believe that bitcoin was intended to function as a currency and because of the issues that arises with that, thats why people start having a doubt concerning the subject matter. In the early years of bitcoin, I have read how a large number of coins will only be worthwhile to buy a pizza but same is not happening today. So if that can happen in the early years, then there is no doubt that the use of bitcoin as a currency has been even before this time.

[shamzblueworld]

I agree. Now about the second question, "for whom?" Was it really meant for a common man too? Or just for the people with lot money and who don't want to pay taxes or involve a third party or even don't want to let anyone( or government) know about the sources or amount of their income etc.
Who knows Satoshi could be hired by a drug lord or a mafia king to make this and everything what we see is just only what they want us to see.

Are you really serious with that thought? I could accept that it could be created by someone in the NSA, CIA or DARPA but drug lords and the mafia? There is too much harebrained thinking in your comment. For you, did it come to mind that the main reason for the creation of Bitcoin was to disrupt the banking system and not to hide wealth from the government?

If you can accept NSA, CIA or DARPA why not a person with billions to hide from the government and make transactions freely as well? Won't this theory make more sense?

[Wind_FURY]

I think bitcoin is not really made or launched for that purposed to be a payment methods on some shops.The main reason bitcoin is launch and made is for the creator and developers to earn and make money online and not intended to be one of the main currencies around the world.so for me i think its not

Are you trying to tell everybody that Bitcoin is like an altcoin and therefore a ponzi scheme? I know you can think of an argument in saying that Satoshi has a large amount of mined coins before the network became popular so he might have some intention of becoming rich. But the developers, can you tell us the process how they make and earn money with their contributions? 

[SpousedHF]

Not every store accepts it but a lot more of them are starting to accept it which I find interesting. I never thought it would make it this far but it has and shocked me indeed.

[the.jack20]

I didn't know what is in the mind of a cryptographer called " satoshi Nakamoto before creating bitcoin but from it nature we can easily understand what he has in mind. Bitcoin is a decentralized currency, it's not subject to conventional currencies, no government can control it, it's not subject to Government regulations authority such as bank and others financial regulatory authority.

I wish Satoshi shared his goal of creating a bitcoin. We are making comments based on the results that bitcoin created. Satoshi may not have thought about these things. The aim was to create a digital money that was easy to use. But in time, he may have created effects that he can not even think of.

[YuginKadoya]

I didn't know what is in the mind of a cryptographer called " satoshi Nakamoto before creating bitcoin but from it nature we can easily understand what he has in mind. Bitcoin is a decentralized currency, it's not subject to conventional currencies, no government can control it, it's not subject to Government regulations authority such as bank and others financial regulatory authority.

I wish Satoshi shared his goal of creating a bitcoin. We are making comments based on the results that bitcoin created. Satoshi may not have thought about these things. The aim was to create a digital money that was easy to use. But in time, he may have created effects that he can not even think of.

Well we can never tell what is he thinking right now, but I am very thankful to him and we are all very lucky in experiencing this kind of opportunity of having and knowing bitcoins was one of the best experience I ever had that is why I am very thankful to him, and we all should be thankful if he doesn't share to anyone what his goals with bitcoin I think he had something important to do than getting involve and show himself to the public.