Why bitcoin is created?

[Pandacomel]

Blockchain technology will impact every person and business globally, to give an example I am going to start with how banks operate in our current world and why they are grossly inefficient and fraudulent. First of all, banks use a system called fractional reserving. This system allows them to only partially reserve the deposits that are sent in trust to them. Banks control our monetary supply and have driven the value of our currencies and our real purchasing power to a fraction of what they were 10 years ago.One of the fundamental elements of Blockchain is that the manipulation of monetary supply is not controlled by a ‘trusted’ third party.

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[icaica22]

bitcoin created can also be useful by many businesses around the world and because the digital currency creates a lot of work to earn an extra income else here is you can earn a great income with crypto with your non stop worker, so if your attitude is like always Do work hard then your goodness in crypto because what we need here and knowledge here is also non stop.

[batang_bitcoin]

Bitcoin is created because very soon time of paper money will end.

We are going there and the reason why bitcoin was created is to find solution to the usual method. And this is why there are many new creations that are coming in technology, to upgrade what seemed to be working very slow. Transacting with the banks and transferring it somewhere takes a couple of days before it goes to the other end. The points given at the OP are also what's on my mind.

[Carmen03]

It is created as  decentralized virtual currency that provide secure global transactions very quickly and does not have any third party manipulation.Bloch chain technology will impact every person and business globally to give example where I am going to start with how banks operate in our current world and why they are grossly fraudulent. Blockchain allows for instant and secure global exchanges . It provides protection and  displayed records of all  transaction data.

[rhamdy]

Bitcoin is digital currency or known as the father of all cryptocurrency that has the potential to become the new money or the electronic money around the world. Bitcoin is also the most expensive digital coin and it is almost compared to the gold but why bitcoin is created?
Here is some reason :
* To change the perception of all people about the digital currency.
* To improve the payments and transactions and in the internet world.
* To become the image of money around the world.
* To protect or hides the identity of the user, for security purposes.
* To give an opportunity to all people around the world to earn a secondary income.
* To upgrade the currency because everything in this world is now upgrading.

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All your explanations about Bitcoin are very reasonable and true. I agree what you say. Bitcoin is the mother of all coins. That's why Bitcoin prices are the highest and most widely believed because Bitcoin has proven that Bitcoin can survive to this day despite many negative issues about Bitcoin.

[BILGPS]

Bitcoin is created for the modern era because in this time the people will have no time to wait in the banks and in the shop for buying so the digital money will provide them the facility to easily buy things and  digital money makes the transaction faster than the traditional way of system so bitcoin and other crypto created for this purpose to do things in a fast way.

[kangbasir]

If I think he makes bitcoin to facilitate transactions and also payments via the internet. From bitcoin can also help people who do not have a job.

[GreenPowerRanger]

Bitcoin was created as an experiment. But its much more then this. Bitcoin and other Cryptocurrencies can stop the war on money on the world. Every war just right now ins just because of money. They are so many bad people who will do everything to make more and more money. Those people are poison for the world. They kill people to steal their money. With the blockchain technology, this is not possible anymore. So bitcoin is maybe createt to make the world to a better place.

[Alpha0One1]

Bitcoin was created as a protest to fiat being manipulated by government and financial institutions.
If you look at the year bitcoin came out, 2009, this is almost a year after the 2008 collapse of Lehman Brothers, known as the subprime crisis.

Watch the movie - The Big Short.
Interesting to note how the government, rating companies and financial institutions collude and made one of the worst financial disaster in history.

[oracleongoodbye]

In my opinion, bitcoin has been created just to show that there are better forms of investment that can be made in the current generation rather than just relying on stock investment and other market ... Bitcoin varieties as something not under the control of anything and operate on predefined sets. The main purpose of bitcoin is to make transactions easier across the world and when time flies, the value of bitcoin also increases to make others rich.

[zhangxie29152784]

Bitcoin is based on blockchain technology, without a central issuer. The key is this.

Government printing paper says the value is worth much, and because of this, inflation is the norm in modern times, printing money is not difficult. Bitcoin does not have this problem. The growth of money supply is determined by the algorithm. Who wants to create bitcoin and dig it slowly?

[Mike0222]

why bitcoin is created? Banks have discovered that they can siphon off all the productivity increase 2% every year, without people complaining too much. They accomplish this currently by increasing the money supply by 5% per year, getting this money returned to them at an interest. Apart from this insidious tax on society, banks take society hostage every couple of years. In case of a financial crisis, banks need bailouts or the system will collapse. Apart from these problems, banks and governments are now striving to do away with cash. This would mean that no two free men would be able to exchange money without intermediation by a bank. If you believe that to transact with others is a fundamental right, this should scare you.
The absence of sound money was at the root of the problem. We were force-fed paper money because there were no good alternatives. Gold and silver remain difficult to use. What was needed was a peer-to-peer electronic cash system, Bitcoin was meant to be an alternative to our current financial system.

[Noilee]

In my idea bitcoin is created, because there are people want to invest in an easy way, its not so risk, we can easily invest anytime. The other reason is to help people to work, so that they have a source of income. Our transactions is fast, we can trade, invest and mining, this is the reason why bitcoin was created.

[knight20]

Much of people who replied are saying bitcoin are made for poor people to help them.
Will for me bitcoin is created for all people to work or part time job in bitcoin. And also it is created to give hope to those people that is very smart and talented but they can't work to government because they are PDW.
Bitcoin is one of the encouragement to the student who can't support their financial problem in school.

[IMMBAGGA]

Btc created to simplify financial transaction which are fast anonymous international safe and secure and also providing source of new investment instrument.

[playboy654]

In simple statement bitcoin was created for the purpose of making secured currency transaction over the Internet without any third parties help.Since the bitcoin transactions uses blockchain technology then it is impossible for a hacker to hack the transaction.

[mindfly09]

Bitcoin is created because it gives chance to the people to earn. Because there are some people who needs an extra income. So bitcoin created because it helps people to solve their problems on their financial and gives profit. So that it will introduce to the people that this is really useful currency that we can use in any transactions and for investment. In the coming years it will become an international currency.

[fork100]

In general, this conspiracy and bitcoin no one created. The bitcoin itself was created. This is all artificial intelligence and he jokes about us. He takes possession of everyone. Save yourself. (this is just a joke if that)

[cryp24x]

In my opinion, Bitcoin was created to make our life easier and more secure through Blockchain Technology.  Currently, almost all transactions are done online. Payment system uses the method of payments such as debit cards, credits cards and the like to be able to perform a cashless transaction. Though it saves time and effort, to shorten the process and make it transparent, the Digital currency was born.

[hatun]

Bitcoin was created for the poor people that dont get a job because bitcoin is just easy to get a money you just need to be diligence but first of all you need to study about bitcoin so that you'll get it easily to get a money/token in bitcoin and bitcoin can pay your bills

Bitcoin is created to change the nature of transaction. It has brought speed, ease and smoothness is transaction worldwide.Besides, it was brought to bring.  revolution in currency system with block chain technology.