The reason behind creating Bitcoin.

[zeingrind777]

The reason bitcoin is made is that only the creator knows the answer for sure, and maybe the creator would never have thought it could be this big, because the use of bitcoin now varies according to the needs of each individual.
For me personally this is a good investment tool for the long term.

I agree with this. Some people including you use Bitcoin as a long-term investment, some use it to gain profit in daily trading, some use it for speed of sending global scale money, and I use bitcoin to buy illegal goods such as AKM and marijuana. and those are the benefits of bitcoin. It doesn't matter why Satoshi Nakamoto made Bitcoin. the most important thing is the benefit for every individual who uses bitcoin.

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[puertorikosena]

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?

Bitcoin did not and will not save the world from economic disaster. The number of cryptocurrency users at the moment is too small to globally affect the situation. At the same time, since the creation of Bitcoin, the correct vector of development has been set, which will change the world in the future.

[TinaK]

IN my opinion, in terms of real crysis crypto price will go even deeper than traditional market. People here are afraid of big bad news

There is no such growth or fall in the marketplace and we people are looking for growth and at the same if the proper adoption over the bitcoins and blockchain technology.
We are waiting to get more investors so let's be patient and then we find the bump for sure.

[Xxmodded]

IN my opinion, in terms of real crysis crypto price will go even deeper than traditional market. People here are afraid of big bad news

There is no such growth or fall in the marketplace and we people are looking for growth and at the same if the proper adoption over the bitcoins and blockchain technology.
We are waiting to get more investors so let's be patient and then we find the bump for sure.

Blockchain technology of bitcoin created for making many transaction payment looks easy and faster than using fiat currency payment, whit using blockchain as payment currency give much benefit for one country where bitcoin and altcoin never have way for inflation price and could be dump suddenly like other fiat currency can be drop price several years later.

[drachman]

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?

The reason for the existence of bitcoin is quite simple to have a form of money that you can use without a middleman, however even if it was not the intention of satoshi his creation is going to weaken banks and the control they have over the economy as time passes and that is a good thing since they have grown too powerful over the last years and it does not seem like governments want to limit them and if anything they are helping them to become even stronger.

[yulionoo]

yes, I agree with you, actually nobody knows for sure what the reason satoshi made bitcoin. because until now no one knew the true identity of satoshi nakamoto. clear bitcoin was created and released after the world experienced a global crisis in 2008. so in my opinion bitcoin is made due to disappointment with the banking system that caused the world to experience an economic crisis and create economic disasters in several countries in the world.

[Dart18]

The Big Short. This film made it easier to understand for those who don't have any idea what happened back then.
It was the collapse of the Lehman Brothers which started the fire.

Back to Satoshi, yes, he might have seen that and want to act for the case to not happen again.
The good thing is, he knows what to do and he had the guts to make it happen. Which he did and we are seeing it right now.
Those might be the main reasons of why he discovered bitcoin and we are the ones to pursue what is next for it.

[Kupid002]

IN my opinion, in terms of real crysis crypto price will go even deeper than traditional market. People here are afraid of big bad news

In price yes bitcoin holder can be affected for every news eighter bad or good news. But to hold your own money without the help of any 3rdparty like bank is the way bitcoin holders like it,They are prefer to price volatility and of course hoping to also earn.

[garyrowe]

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?

You reason for the creation of Bitcoin is valid but i believe there are more reasons why satoshi created Bitcoin. Beside trying to create a boarderless currency with no central bank control, the speed and flawlessness of transactions made through blockchain i think was also considered. Whatever the reasons might be, Bitcoin is here to stay and make great impact in the financial space

[bitvalak]

Bitcoin was created for banking failures in managing the world economy.
That is where the idea of bitcoin emerged that almost all sectors have advantages compared to the system offered by banks.
Including transaction time, private transactions, can not be interfered by anyone, and also the convenience to be owned by everyone.

[Artemis3]

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?

Fortunately you can skip LN altogether. If you don't like it, don't use it. Its optional and i don't think most should ever use it anyway. Most payments don't have to be "instant", you can pay in advance, or buy online and wait confirmation. Wire transfer always takes longer.

The 21 million cap is what ensures the coin will keep its purchasing power overtime, unlike fiat money which always loses it. With this type of money, Central Banks are no longer needed, since fractional reserve bank practices should not be protected and people using banks becomes optional as well.

Bitcoin is the liberation of money from the State. In fact Bitcoin is free from the world economy altogether, unlike the fiats chained to the economies of the countries they represent.

[kro55]

I don’t think Bitcoin can solve financial problem of the world, as its never meant for Banks and other centralized financial institutes. From very start Banks do not like this payment system and have opposed it. Whatever the motivation was, the good that benefit every user of bitcoin is the peer to peer money transfer. You can transfer without any intermeditory and at any time.

[SaShiRaJaVu]

I agree with this. Some people including you use Bitcoin as a long-term investment, some use it to gain profit in daily trading, some use it for speed of sending global scale money, and I use bitcoin to buy illegal goods such as AKM and marijuana. and those are the benefits of bitcoin. It doesn't matter why Satoshi Nakamoto made Bitcoin. the most important thing is the benefit for every individual who uses bitcoin.

This is really a dangerous perception about the reason you use bitcoin as it is a transparent coin and you will get into trouble if you are dealing with illegal goods in your country as you can be monitored and why mess up your life, i am sure the market will get rid of the illegal market when regulations sets in and the market is so transparent that everything can be monitored and can be attached to you at a later time. The purpose of the creation is simple, to have a decentralized market away from government manipulation.

[xiboothrezi]

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

Yes, that could be one reason. Outdated, monotonous systems do need to be improved. Just as nature and the earth evolved, economics and technology can also experience it. And Satoshi as the initiator of all of this, the highest appreciation. Economic independence for individuals, without any third party intervention, with a new and safe system, is a pretty good offer, although there is a risky side due to high volatility and unrecognized regulations. We just need to take advantage of good opportunities, don't think too much about what's not important.

[owengtam09]

The reason why bitcoin is created, for me it is not important that much, what more important is, I can manage my own account in my wallet. And if you are right that satoshi created bitcoin so that there is no 3rd party then maybe that is one of the reason as well as others thought reason. If ever or whatever it is, as long as I can use my bitcoin and uses it a lot for convenient then it's already fine with me.

[affandi]

It is also possible that Satoshi Nakamoto was one of the victims of the economic disaster, so Satoshi decided to make bitcoin in anticipation of where the economic crisis occurred again. but surely, with the development of digital technology as it is today, people must have their own opinions, and in essence, bitcoin has helped many people to gain financial freedom. we as lovers of bitcoin, help bitcoin to be accepted throughout the world as a digital currency that is suitable for use wherever and whenever.

[bhabygrim]

I think it isn't important anymore whatever Satoshi's reason behind creating BTC.
Satoshi didn't also give us a reason why he/she create it and it wouldn't change a thing even if we find a reason why it was created so why bother finding out?

[peter0425]

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?

every opinion on this one will be count in because satoshi never mentioned any specific reason why he create this ,either to really help people or to help himself who would know?

but as far as this is helping us and we are benefiting from crypto,let us be thankful for what he did and gives us.

[LorenoCoin]

I share your point of view and add that it seems to me a more economical and simple way to migrate currencies to any country in a matter of 30 minutes, I also like that it is much more anonymous. It does not require identification that compromises user privacy. It is deflationary, many billionaires give advice on how to achieve an empire and all converge on a key point: Invest in something that takes upward value, such as noble metals such as gold, maybe diamonds, but this can be done with the bitcoin without worrying about the details of investing in goods (does not mean you should not do it too)

[sovie]

2008 financial crisis was fiat baby child and was solved by fiat. Bitcoin was launched in those days but it didn’t help in eliminating that crisis. Motivation of Wright brothers was not to create today’s deadly fighter planes, like wise I think Satoshi might be working on this project to create a financial system that can help in p2p funds transfer.