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Author Topic: The primary idea of bitcoin  (Read 1072 times)
Jyominall
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August 09, 2018, 12:43:05 PM
 #181

In my point of view the primary idea of bitcoin it's freedom. Bitcoin is not backed by any country's central bank or government, so it's free currency. But it's very popular currency among people, so bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.
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August 09, 2018, 12:47:08 PM
 #182

Bitcoin at it's center was proposed to be utilized as a money which could conceivably topple fiat. Be that as it may, by the day's end regardless of whether it doesn't prevail with regards to doing that despite everything it has brought the blockchain which is a progressive bit of innovation
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August 09, 2018, 12:50:46 PM
 #183

The main idea of bitcoin is to grow to develop earning on bitcoin and in the future bitcoin will be very useful
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August 09, 2018, 02:13:41 PM
 #184

I think, the main idea of ​​Mr. Satoshi Nakamoto is to keep us away from a centralized financial system, as it is now. Where, capitalists can easily control finances around the world

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August 09, 2018, 02:41:03 PM
 #185

the basic idea of bitcoin is to transfer money safely without intermediaries. naturally this is causing some illegal actions.
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August 09, 2018, 03:13:36 PM
 #186

Nobody can come up with the innovation that can entirely solve the world's problems. Satoshi's aim on the development of cryptocurrency is decentralization and maybe financial freedom. It does not mean that some very rich individuals will not take the advantage of the innovation but yet it will affect a great percentage of the targeted people.

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August 09, 2018, 03:15:30 PM
 #187

i think for him the main goals was just to create something decentralised. he could have not imagined it would go this way.
and like most things that are designed for something are and going to be used for something else. but when he started imo it would have been to create the tech nothing els

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August 09, 2018, 03:36:08 PM
 #188

The purpose of bitcoin was created to make people around the world be able to trade a digital currency at a lower transaction cost and, moreover, beat the inflation rate and create an investment environment. for investors
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August 21, 2018, 05:10:41 AM
 #189

In 2008, the original bitcoin designed the protocol, and in 2009, the "Satoshi Nakamoto" is considered to be an alias to launch the network. Nakamoto is responsible for the creation of most official Bitcoin software and it was active to change and post technical information in the Bitcoin forum.
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August 21, 2018, 05:27:16 AM
 #190

I think the primary idea of Satoshi Nakamoto for the creation of bitcoin was to solve the challenges the physical fiat and the banking system faced. Bitcoin was meant to be a digital currency which will provide a decentralized ecosystem and bring the possibilities of sending any amount of funds to anyone at any place at any time. Bitcoin was meant to make in easier exchange of goods and services......
Jamjamz30
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August 21, 2018, 05:36:10 AM
 #191

Hello,

I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.

I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...

And finally happened what happened, rich got only very small percentage, while others live as they lived before...

What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?
In my opinion, the primary idea of bitcoin when it was created is about decentralization. Satoshi Nakamoto also want to turn fiat currency into an innovated for of payment and transaction using technology. He build this digital currency in order for us not to cut woods and use the technology as part of our economy.

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August 21, 2018, 06:13:07 AM
 #192

Bitcoins primary idea is to provide a powerful currency to the global community to operate world  wide to spend their daily requirements .It is a digital currency with strong net work systems connected with the modern technology.The modern technology means it is inclusive of the block chain technology which ensures the security systems of the net work are quiet safe and trust worthy..So bitcoin is much suitable to become a common currency can be operated world wide.

mensahkkofie
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August 21, 2018, 06:21:11 AM
 #193

From all my readings, the mission of bitcoin has always been to make the world of finances better for all people across the globe. This has been made possible through the decentralised blockchain technology.

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ErikDavis548
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August 21, 2018, 06:48:23 AM
 #194

What is the nature of Bitcoin? If you understand the nature of Bitcoin, it's possible to conceptualize the main idea of Bitcoin. Does that make you vague?
KINGCHACHA1
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August 21, 2018, 06:58:05 AM
 #195

Satoshi Nakamoto actually want to create a system whereby the world will experience financial equality, privacy ans financial system that is purge of stress. You can only take a donkey to the river but you can not force the donkey to drink water, Most poor people are not embracing bitcoin so I am afraid the wealth of bitcoin is still with the rich.

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Sathya12
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August 21, 2018, 07:30:51 AM
 #196

I think the main goal was decentralization...
Wobweb038
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August 26, 2018, 01:20:42 PM
 #197

The thought why bitcoin was made was to wind up a currency.Nowadays, everybody sees it as some enchanted resource that returns benefits out of the blue. It's dismal that individuals are reluctant to spend bitcoins, in light of the fact that "it might be worth more later on", so they simply keep it in their wallets or estimate it on trades. I don't see numerous genuine uses of bitcoin, there are relatively few shops or places where you can utilize it. Everybody sees bitcoin as a benefit acquiring
A Feeder
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September 15, 2018, 02:41:43 PM
 #198

I don't really know the primary idea of bitcoin i think the creator was the only one who know that because they didn't did it if he/she have a reason, but for me the idea of bitcoin is to help other people to their life and have a wealth and brighter future because bitcoin really good to everyone.
SilverCup08
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September 15, 2018, 02:59:28 PM
 #199

Decentralization and digitization. Decentralization so that it won't be controlled by any government nor banks which gives freedom of choice. Digitization to be able to cope up with the fast evolving technology.
carlisle1
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September 15, 2018, 03:06:29 PM
 #200

Hello,

I would like to discuss about the primary idea of bitcoin of Mr. Nakamoto. Was he a/is he a person who wanted to make world better place, to take from rich and give to poor, to create new elite? What I am linking to is that at the moment large mining farms, bitcoin visioneers who started in early 2010-2013 now have most of bitcoins and sad (my oppinion) truth is that they will keep growing than most of society stays in poverty.

I think it is socially incorrect situation as it is because I think primary and main idea of bitcoins was to make world a better place to live, to shorten gap between rich and poor, educated and non educated people...

And finally happened what happened, rich got only very small percentage, while others live as they lived before...

What is your oppinion? What was real primary idea of bitcoin? Are we on a right way as Nakamoto visioned?

Lol those who have bitcoin since 2010 has sold their coins last december 2017 bubbles as it reaches the $20,000 value,so theres nothing to do on holding until now

The poor wil remain poor if they are not persevered and dedicated on what to do to changed the lives of their family and love ones.

The vision of satoshi nakamoto is to create a single coin that will make the world use as one

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