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Author Topic: The reason behind creating Bitcoin.  (Read 1239 times)
VivGaming
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November 11, 2020, 04:45:17 PM
 #121

There is no specific reason behind this but one thing is sure Satoshi want some better security and indepence so he done this all for us now thousands of member in this community can go through just because of this bitcoin and achivement their targets just because of bitcoin otherwise we have many serious issues with other financial institutes and their policies.
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December 02, 2020, 05:33:54 PM
 #122

We all make botches and we are all driven by sentiments checking enthusiasm and torment.Bitcoin is also came from different experiences, A number of people are dried for control fundamentally due to the loathsome instruction they've gotten when they were little. I do acknowledge that Bitcoin has been made with the more essential extraordinary in judgment skills. From any angle Bitcoin is the coherent choice and another pass to make inside the start of a show day period driven by advancement movements.

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December 02, 2020, 05:58:58 PM
 #123

There is no specific reason behind this but one thing is sure Satoshi want some better security and indepence so he done this all for us now thousands of member in this community can go through just because of this bitcoin and achivement their targets just because of bitcoin otherwise we have many serious issues with other financial institutes and their policies.
I once read an article that actually Bitcoin was only famous among gamers...
correct or not please correct me; *satoshi consciously created Bitcoin just to make transactions between gamers easier. btw, I never really thought hard about what satoshi's goal was to create Bitcoin, which I know Bitcoin is a future decentralized asset that will be very valuable and independent.



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December 02, 2020, 07:26:20 PM
 #124

<snip...>

Decentralization and free of control from any third-party institutions.

The creation of the blockchain technology gave birth to bitcoin which serves as a currency which cannot be altered or modified. Imagine this scenario for its application in real-life: you are in a supermarket and you see an orange for sale. After going to the counter, the barcode was scanned and you saw its price together with all the modifications/processes done to it. This information posted cannot be altered since the blocks are being checked every single minute on the transaction.

The birth of bitcoin is one of the revolutionary technology which has the potential of MAYBE(?) replacing the modern fiat currency in the fat future.

R


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December 02, 2020, 07:33:14 PM
 #125

<snip...>

Decentralization and free of control from any third-party institutions.

The creation of the blockchain technology gave birth to bitcoin which serves as a currency which cannot be altered or modified. Imagine this scenario for its application in real-life: you are in a supermarket and you see an orange for sale. After going to the counter, the barcode was scanned and you saw its price together with all the modifications/processes done to it. This information posted cannot be altered since the blocks are being checked every single minute on the transaction.

The birth of bitcoin is one of the revolutionary technology which has the potential of MAYBE(?) replacing the modern fiat currency in the fat future.
No please. Blockchain technology does not exist! Blockchain was not even mentioned in the bitcoin white paper but rather satoshi described that "The   network   timestamps   transactions   by   hashing   them   into   an   ongoing   chain   ofhash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work."
Try to find any mention of blockchain technology in the whitepaper...
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