The primary idea of bitcoin

[Jcag07]

Yeah I dont think the main goal was to make the world a more equal place (although it could have been) I too think the main goal was taking power away from a few hands and I think for the most part we have done that.

Sure there are big mining operations ongoing but that doesnt mean the level of decentralization is bad. I feel much more comfortable having my money in bitcoin than I do a traditional bank and that is due to the way the

network is setup. It is very secure and I couldnt envision the future of money any other way now

bitcoin is the pioneer of digital currency the main idea of bitcoin is a place of investment by using the development of the era and technology it in my opinion. making bitcoin to be the most valuable currency in the world where it's price value will hit to a high level mark and waiting for the bull market to take effect.

[1714617289]

1714617289

[muneeb.zain]

The primary idea of bitcoin is not for profit or for loss it simple the digital currency to perform some certain tasks and to transfer of amount but with the passage of time it must be used as for profit and to earn money.and for buying things.

[rosepetals]

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?

I think the primary or main idea of bitcoins creation by Satoshi Nakamoto is the decentralization concept.We really can't deny the fact that governments take advantage on our taxes payments.Sad to say but corruption and under the table transactions happens,people were sick and tired of how the governments addresses different concerns and issues they're facing.That is why he created a digital currency that governments cannot control,so we can transact anytime as fast and as easy without governments knowledge.

[Bughah]

We can't really say what was exactly the original vision of Bitcoin for Satoshi Nakamoto. Some people say that Bitcoin Cash was his original vision, some that it is SegWit1x and the rest uses the same explanation for other hard forks. It would be very interesting to see Satoshi back in this forum when we will have a major problem. As far as I know, there is still his public key available somewhere so we would be able to validate if his account was hacked in such case.

indeed in this case we never know, how the vision of bitcoin. because the longer bitcoin is in great demand, it's also unknown if the bitcoin is much in the interest.

For me bitcoin is like an asset it deserve to be keep even the price will decline and when the price back to incline you should know how to invest and make it progressive.

[richardsNY]

That is why he created a digital currency that governments cannot control,so we can transact anytime as fast and as easy without governments knowledge.

In today's world that's not really the case anymore -- exchanges are subject to so many new regulations, that privacy isn't part of the deal anymore with how demanding exchanges are when it comes to our personal information. The majority of the people enter the market through a centralized exchange, where they happen to verify themselves at. As soon as you withdraw coins from your exchange, the coins have your taint on them and the exchange and potentially the government can keep following you endlessly. Bitcoin's blockchain isn't something that's hidden away from the public. All sorts of agencies around the world are upping their blockchain analysis skills. Enjoying actual privacy requires you to cut these centralized exchanges out entirely.

[careCentre]

I think the primary idea of bitcoin was to create a decentralized financial system where transactions of funds can be seen by everyone. This idea was might to solve the corrupt nature of the centralized financial system and also provide a medium to which exchange can be done in any part of the world...

[SportbetMaster]

Bitcoin was developed following the 2008 liquidity crisis, which was quickly rejected by the world's major banks to defend their interests and their total control of the currency, unlike the bitcoin known to be decentralized, which seduce a minor part of the world populations and continues to attract more and more people.

[abderrazak belkhir]

I think that the main idea of bitcoin is about the E-Commerce...nakamoto maybe think that the bitcoin will make the E-Commerce Easier

[Caelanpelley]

Bitcoin wants to become the official currency. If it achieves that bitcoin will be used in every spending of life. This currency is both valuable and highly profitable in trading.

[fuer44]

I further argue is to facilitate online transactions, with a new technology called blockchain that makes it easier for its users. and in the future, we can create transactions worldwide using bitcoins.

[masudginanjar]

perhaps such an interpretation is unfavorable to me, because Bitcoin is created to replace paper and metal into digital money.

to facilitate transactions and finance in the future. and have a sophisticated security that can not be falsely.

[vhhjhju]

I think that bitcoin is a good thing that can change the state of our lives. It can help us solve many financial problems, at least for us to reduce the gap.

[sungaiyangderas]

I think Satoshi has no big plans for bitcoin as it has developed now, Perhaps the idea is to introduce new technologies and some virtual currency in a new virtual era, to give people some alternatives to traditional fiat currency and centralized finance.

[lekmaria]

I think, bitchoins is decentralized financial system

[CurrenCyTRR]

it's quite unreal

[hanapertiwi]

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..

[Danlopz]

The primary idea of Bitcoin is providing a platform based on the decentralized technology to send payments from one point to another without relying on the third party. If I am sending $1 Million to someone through the traditional payment system, I will find myself under the radar of the multiple investigation agencies even though I have submitted tax paid receipts and KYC details. That's happening in most of the countries, whereas in Bitcoin, no one would as you to show paperwork. If you have funds, you can do whatever you want 24*7 without relying on anyone else.

Bitcoin is the first implementation of a concept called "cryptocurrency", first described in 1998 by Wei Dai in the cypherpunks mailing list, suggesting the idea of ​​a new form of money that uses cryptography to control manufacture and transactions, instead of using centralized authority. The first Bitcoin specification and proof of concept were published in 2009 in a cryptographic mailing list by Satoshi Nakamoto. Satoshi left the project at the end of 2010 without telling much about him. Bitcoin community is growing rapidly as many developers are working on Bitcoin. Satoshi's anonymity often leads to false concerns, mostly related to a misunderstanding of the nature of open source-based Bitcoins. BItcoin protocols and software are publicly published and developers from around the world can review the code or create their own modified version of Bitcoin software. As with current developers, Satoshi's influence is limited to some of the changes he created and adopted by other developers, and he does not control Bitcoin. Thus, finding the identity of the inventor of Bitcoin is now just like finding the identity of the inventor of the newspaper.

[LeGaulois]

Bitcoin is the first implementation of a concept called "cryptocurrency"

Bitcoin isn't the first crypto currency, there are several before. You have to take a look decades ago. The base of Bitcoin starts before Satoshi. The Cypherpunks and crypto-anarchists were the first to advocate privacy. Motivating people to write encryption programs to protect themselves in a Manifesto http://nakamotoinstitute.org/cypherpunk-manifesto/


Before Bitcoin we had several digital currencies, Nick Szabo is one of the first when he created Bit Gold.

Satoshi proposed Bitcoin in 2008 at the same time of the financial crisis in 2008 with the message "Chancellor on brink of second bailout for banks" https://www.thetimes.co.uk/article/chancellor-alistair-darling-on-brink-of-second-bailout-for-banks-n9l382mn62h

Most people interested in the project were cryptographers, Cypherpunks, and crypto-anarchists since privacy is their Moto.

[jaaeeeyyyy]

I think the main goal was decentralization, which we are accomplishing nicely.

Yeah and it is going well now. Satoshi created bitcoin running on decentralized system so the government cannot rule its cap and price, Nakamoto knew that cryptocurrency will be the future of currency He also knew that our technology would be great for this kind of project of him to adapt and develop his creation.

[LangleyMccarty]

Probably the idea was to introduce the new technology and some virtual currency in new virtual era, to give people some alternative to traditional fiat currencies and centralized finances.