The reason behind creating Bitcoin.

[YuginKadoya]

It really doesn't matter o what is Satoshi's reasons are but Bitcoin sure helps in many ways that you may think of not only with the convenience and speed, but at least it will surely make someone free from financial burden in my opinion,

Many would surely speculate different things on why Satoshi created Bitcoin, But I don't really care at all as long as it helps me in many ways, It can be to help improve the financial crisis the world has, or it is just a coincidence that Satoshi had made it that way the only thing sure about it is the fast and convenient transaction it can offer.

[1715089918]

1715089918

[Youghoor]

In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.

So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?

Personally, I don't think this was the main reason why Satoshi Nakamoto developed Bitcoin and blockchain technology.  I think Satoshi Nakamoto main focus was creating something that will introduce financial freedom to anybody in this world. The idea of financial freedom was one of the main reasons why Satoshi Nakamoto created blockchain technology and Bitcoin.

[Text]

We really don't know what was the main reason why Bitcoin created. I don't think much of it, what important is, it is so beneficial to all of us; we are already enjoying the unique features that it has.
I got the pointers OP and I agree with that, there could be more and other reasons. Every digital user has their own different purpose of why he is using this kind of system. Some are just to make online transactions faster and less costly, some treat it as an asset like gold.

[Eugenar]

Thinking about the reason behind bitcoin's creation for me it is not just for an end to the control of banks, but to create a currency that will be as efficient as sending messages. With this, bitcoin is created as well as to make the best investment platform ever which will allow people to become rich in an instant if they could guess the price right and have enough fund as an initial investment. Satoshi didn't actually disclose any other reason but based from the white paper, it is a peer to peer technology to avoid the affiliation of any third party.

[LUCKMCFLY]

~snip~

One of the reasons I believe that Bitatos was launched by Satoshi is to fight a system that will lead humanity to an imminent disaster without life, when the economic system is attacked, resources, food and services are exhausted, It keeps them slaves, now with an economy that does not obey traditional principles, anyone has the opportunity to obtain at least more financial freedom.

Now there are two economies, where Bitcoin seems to be from another parallel universe, where there is a refuge value for countries with crises, not just gold, now there is Bitcoin, I think that is why this technology was launched.

[btccashacc]

In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.

So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?

Technically yes, Satoshi created bitcoin was to eliminate the third party, make the transaction peer to peer. As time goes by people started to make bitcoin as a source of income because bitcoin prices change very quickly and people can make a profit from that situation. The technology behind the Bitcoin, the Blockchain also bring some advantages that we've seen today, people are starting to develop it and implement it in order to solve human's problem.

[CarnagexD]

In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.

So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?

I would definitely agree that Satoshi intended bitcoin to revolutionise the current state of banking and economy. He might've seen huge drawbacks and flaws in the system of the currencies we have right now and created a digital currency capable of taking care of things that fiat couldn't. It's just disappointing that not much people see this and only regard of bitcoin as another get rich quick scheme.

[xZork]

To date, no one can be sure who Satoshi Nakamoto is. So we can only speculate about him and why he created bitcoin.
However, I think bitcoin was created because Satoshi Nakamoto was bored with the current financial system and he wanted something to break all the rules and give people the right to decide.

[Hamphser]

To date, no one can be sure who Satoshi Nakamoto is. So we can only speculate about him and why he created bitcoin.
However, I think bitcoin was created because Satoshi Nakamoto was bored with the current financial system and he wanted something to break all the rules and give people the right to decide.

I think it's not like that because I've read something before that Satoshi is tired of the repeated situations of the banking industry. Where people have no freedom to use or save their own money specially in the USA where most people are living with a lot of debt in exchange of their healthy living.
I think Satoshi really want to change that idea where people doesn't have to rely too much on the banking system of the government. And that's why bitcoin is being created.

[Twentyonepaylots]

To date, no one can be sure who Satoshi Nakamoto is. So we can only speculate about him and why he created bitcoin.
However, I think bitcoin was created because Satoshi Nakamoto was bored with the current financial system and he wanted something to break all the rules and give people the right to decide.

I think it's not like that because I've read something before that Satoshi is tired of the repeated situations of the banking industry. Where people have no freedom to use or save their own money specially in the USA where most people are living with a lot of debt in exchange of their healthy living.
I think Satoshi really want to change that idea where people doesn't have to rely too much on the banking system of the government. And that's why bitcoin is being created.

Indeed, Satoshi Nakamoto, or so he is well known of, saw the huge flaws of fiat currency and how it was being abused by centralised banks for their own good. This spark an inspiration on him to create a coin that's decentralised yet secure so customer to customer transactions can be done without an issue, he also made it safe to use in order to ensure the welfare of the common people. Thsi gave rise to bitcoin.

[Artemis3]

It really doesn't matter o what is Satoshi's reasons are but Bitcoin sure helps in many ways that you may think of not only with the convenience and speed, but at least it will surely make someone free from financial burden in my opinion,

Many would surely speculate different things on why Satoshi created Bitcoin, But I don't really care at all as long as it helps me in many ways, It can be to help improve the financial crisis the world has, or it is just a coincidence that Satoshi had made it that way the only thing sure about it is the fast and convenient transaction it can offer.

This is true. It doesn't matter what Satoshi's intentions were, fact is that its useful to us now, and this is reflected in the market price. If something is useful to you, you value it regardless of what it cost to produce. If the coin was useless people wouldn't wan't it. Turns out, it is useful for enough people that holds it that it gets that price you see in the free market.

Some people don't understand this. They don't believe in the free market, they want the State or someone else to decode what the thing should cost. This is of course an illusion, that builds pressure and eventually pops. A small group of people cannot replace the free market, its ability to produce information, real time and scale and adapt endlessly and simultaneously. Not even mighty computers can, even if some theories imply that AI may approximate it. You could think the free market is a sort of hive mind.

Any time the State or a private entity attempts to intervene this, it messes the flow of information and produce distortion that ultimately always ends in a worse result than leaving it alone. I mean things like "stable" coins or "self" imposed rules that should never belong into a coin (ie. who can and cannot use it, reverse transactions etc).

Its a coin. The gov can't touch it, the rich ones can't touch it, Satoshi can't touch it, all they can do is the same as everybody else, under the very same rules: Mine them (for a limited time), buy them, sell them, ignore them, their freedom. That's the beauty of it, and it's borderless too...

[judypug1956]

In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.

So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?

Close but not quite there.

[moviebuff777]

Also it was to use or send money without using a government fiat currency. Or even just a way to store money without burying fiat currency that loses value or storing in a bank.

[ene1980]

So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?

If you think that bitcoin was created simply because there was a global recession then you are mistaken, he should have decided to come up with a solution long back and the recession might have hit at the right time during the period of the bitcoin white paper release as this is not a technology that anyone can come up in a single day.

[seoincorporation]

...
So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?

I think bitcoin was created because there is a problem with printed money. No one really has a control over how much money is out there. And governments know it and banks know it too. Satoshi comes with the solution of limited money and a tracking system. It was a great solution for the current problem and if satoshi was right, then in the future all money will be based in cryptos.

[Johnyz]

We can’t say the real reason but I think its really about doing transactions outside the bank and outside the government restrictions. Satoshi succeed on this one as we can see right now and for me Satoshi believes on having a faster transactions. The financial crisis might trigger Satoshi to create great system, still thankful to him.

[joinfree]

I think you really need to go back and read the whitepaper of Bitcoin because the main reason why Satoshi created bitcoin was to design a peer to peer digital form of payment that people can use in their daily transactions. However, this dream seems far fetched now as most people prefer to holding bitcoin as assets to grow their wealth.

[Aurora Castro]

In 2008, there was a huge economic catastrophe in the world. Some banks conspired and deliberately caused this economic disaster. This is why many people were financially disadvantaged and lost their trust in the bank. I think Satoshi made bitcoin to save people from this disaster. That is, Satoshi has created a currency where there is no third party. There will be no central bank. No one can control it. Customer to customer transactions can be done. While Bitcoin has no controller, no one will be able to intentionally disrupt its finances. Bitcoin introduced a new horizon to the world's economy and freed people from this economic catastrophe.

So I think this is why Bitcoin was created. Is that the only reason? Or are there more reasons? What is your opinion?

If we agree on something, it is that Bitcoin was created due to the serious financial problem that people have. Bitcoin tries to cover the needs of the community, and especially its security and time, because we should not wait for intermediaries, all we can have in a matter of seconds and it is within our reach, is economic freedom. It has been an interesting and very useful creation, because most people prefer to get and pay in Bitcoin.

[Rengga Jati]

Is that the only reason?

I think the reason to create Bitcoin was clearly described in the introduction of Bitcoin whitepaper.
By creating Bitcoin that can be transferred from one person to another person, we don't need the third party anymore.  
This can minimize transaction costs, more efficient time, and more secure to the users.

*BTC WP: https://bitcoin.org/bitcoin.pdf

[th3nolo]

I think it was created by the central banks to experiment with a potential replacement for the dying fiat currencies. The long confirmation times, and the 21 million cap ensure that it can never become the dominant world payment system.

In fact, by implementing the LN, aren't they implementing a system similar to the one used by banks to settle their payments between different parties?