The reason behind creating Bitcoin.

[Ratash]

In my opinion the bitcoin is a new revolution for economy because it is a crypto currency so the transaction will be fast and you can do it from home plus it is decentralized so it is not controlled by any party and it help simple people investing their money and it is a great contribution to economy.

[Artemis3]

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.

Virtual secure decentralized money has been a long sought dream, there were various attempts before, some of which ideas were used as building blocks for Bitcoin. 2008 happened but I'm willing to bet that was coincidence. Besides under the dominant school of economy, another 2008 will occur.

The financial freedom dream was only possible for the minority that trusted the project at its earliest stage, it is no longer the case, you can no longer buy bitcoin and live of it. You could in 2010 if you bought and waited (some people couldn't wait and sold). But you can no longer do the same now. While bitcoin does not lose purchasing power, it doesn't increase "itself" as much as to provide a means of living.

Its still a good coin, and keeping your savings in Bitcoin ensures your wealth won't disappear overnight, no matter what happens to the world (in the inevitable next bubble pop).

You don't have to be a genius to know the next one will come because the current system of debt, credit expansion and fractional reserve ensures it comes. The Austrians (Mises et al) have have been telling us for a century, they even predicted the crash of 29. And yet the fools still pay attention to the Chicago school, because its great for short term, and politicians are always about short term profit, lets pass the bomb to the next fool...

[bearexin]

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?

It might be a reason behind the creation of bitcoin but we will not know the exact reason until and unless satoshi is found and asked about it. Though it is not possible. I think, satoshi might even have created bitcoins to create a currency for anonymous peer-to-peer payments without involving any third party and that might be the reason why bitcoins are been used in most of the illegal activities carried out.

Actually speaking, i do not really think satoshi might even have considered thinking about banks before he created bitcoins. He created bitcoins to overtake banks. He might also have not thought that bitcoins will get such precious in the coming future with the huge price growth.

[vicoma]

There is no specific reason stated by Satoshi why Bitcoin was created by now it serves many purposes as a store of value, decentralized payment and can as well be a tool that can be used for the bailout in the current financial status. Its usages are still undermined, for now, most especially blockchain technology, but the future will tell

[lixer]

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

In my opinion it is true that satoshi created bitcoin as a virtual currency to free the world from economic disaster and in addition may have created bitcoin to advance technology and facilitate the public when making payments or making transactions because bitcoin is decentralized and peer to peer, which can be fully controlled by users when conducting transactions without central authority or other organization.

Yes not only Satoshi, but almost all of us were sick how government controlling everything, the banking system how they are controlling our money, wherein we are not allowed to transfer a large sum of money as there is a limit with it. Also, the hassle that we are encountering just to deposit/withdraw/transferring money, not that easy especially in poor countries that you need to travel far just to get your money. So, basically that's one of the reason why Bitcoin created.

Banks have now been technically developed giving the ease of easy money transfer, etc but I do not think in the year 2008/2009 banks might have been this advanced which really caused a lot hectic in terms of money transfer of accepting over nation boundary payments. Banks might seem convenient for transactions between the borderlines but what above nations? Bitcoins have no such restrictions and this might be one of the major concept satoshi might have though before creating bitcoins.

Satoshi never wanted us to have any restrictions while using our own money and also it does never ask for us to pay any taxes so it goes way lot convenient for peoples who technically understand and transact with digital currencies.

[Polar91]

There is no specific reason stated by Satoshi why Bitcoin was created by now it serves many purposes as a store of value, decentralized payment and can as well be a tool that can be used for the bailout in the current financial status. Its usages are still undermined, for now, most especially blockchain technology, but the future will tell

Actually there is, if you have already read the white paper of Satoshi upon creating bitcoin, you could see that it is a peer to peer network to allow people to transact even without the need of anything, anyone, or any entity. Though, we are in a continues phase of development, we are continuously discovering reasons why bitcoin is created because of the fact that we, at the same time discovers function of bitcoin that aren't stated within the white paper. One example of it is for investment and trading that provides profits.

[Gheka]

In my opinion the bitcoin is a new revolution for economy because it is a crypto currency so the transaction will be fast and you can do it from home plus it is decentralized so it is not controlled by any party and it help simple people investing their money and it is a great contribution to economy.

Well, saying bitcoin as a new revolution for the economy seems like something too big because bitcoin is probably a quick payment method but it's still not fast enough compared to other payment methods, it even takes more time to confirm, plus the loss of control from it, the government has refused to apply bitcoin to the economy. Therefore, the reason behind creating bitcoin is probably an investment idea, creating a world without too many rules, a market where people can optimize making money without the government

[chaoscoinz]

Not to be a conspiracy theorists but I think it couldn't have come at a better time. I really don't think Satoshi Nakamoto is one guy (not to discredit him in any way) but a group of like minded people who created this technology to insinuate change. The part that gets me is the fact the whole project is open source and nobody has touched the Bitcoin wallet, the funds are still there.   Spooky if you ask me, because great acts of selflessness and generosity are a rarity in today's world.

[Golftech]

Not to be a conspiracy theorists but I think it couldn't have come at a better time. I really don't think Satoshi Nakamoto is one guy (not to discredit him in any way) but a group of like minded people who created this technology to insinuate change. The part that gets me is the fact the whole project is open source and nobody has touched the Bitcoin wallet, the funds are still there.   Spooky if you ask me, because great acts of selflessness and generosity are a rarity in today's world.

With how you see the main cast between this project, it's really something that can be assume that there's people around this and not only a single
person who created the system itself. But due to common interest and good working value they've brought something unique and useful to the mainstream
society that we are all enjoyed to use.

[carlzec]

Bitcoin is not only the result of an economic response. You need to investigate the Cyber Punk movement. For years, people offered different arrangements for money. But for a more livable world, a fair distribution was needed. Existing power owners did not want to share this money. Economic status or social status is very important for some people. Now an alternative world can be created.

[podpaymentcoin]

Satoshi started working on Bitcoin long before the financial crash. His drivers were developing technological tools for governmental and monetary 'Change' loosely aligned with the cypherpunk movement.

Think about how hard it was and still is for normal people in authoritarian and corrupt countries / systems to fund and drive change for the better of the masses. One of my favourite Satoshi quotes:

https://www.metzdowd.com/pipermail/cryptography/2008-November/014823.html
>[Lengthy exposition of vulnerability of a systm to use-of-force
>monopolies ellided.]
>
>You will not find a solution to political problems in cryptography.

Yes, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

Governments are good at cutting off the heads of a centrally controlled networks like Napster, but pure P2P networks like Gnutella and Tor seem to be holding their own. 

Satoshi
[\quote]

And it should be noted the 'leap of faith' in creating Bitcoin was an intellectual challenge that Satoshi accepted upon the presentation of the double spend problem in 2004/5.

[Capt00]

It should have a reason and enough for the creator to think differently based on his ( Satoshi) market experience. It eventually escalates the system and has a huge effect on the market side and as well as how it helps to improve the economic system globally.
We have already witnessed its applicability and quite satisfying that everyone could adopt and use it regularly as another option over fiat money.

[diahsw]

in my opinion, bitcoin is made because of the increasingly sophisticated world of technology today, so we also need transactions that have technological advances, and are digital, and there are no third parties, so that is made bitcoin, a trusted digital currency .. !!

[crossabdd]

many reasons for making crypto (bitcoin) besides the reasons you mentioned, Bitcoin is one of the implementations of perfect transaction security. network transactions quickly, and maintain user privacy. in general, with the currency of bitcoin, all countries will have equal values. but this is not easy, because large countries do not want to lose world economic power. yeah, you are right. bitcoin was created to prosper all countries, so there is no economic pressure on the weak.

[Shasha80]

I think the reason for the creation of bitcoin is to create a decentralized currency that provides privacy, transparency and freedom
to control our own money. So with bitcoin we eliminate third parties like banks. So it is more efficient and effective. It has been
proven that being created with bitcoin has made a major contribution to the world economy, many people who know bitcoin can
improve its finances. Because excess bitcoin can generate profits if used trading.

[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?

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.

It is really doubtful that satoshi created bitcoin to try to benefit himself, if that was true then he should have cashed out some of the coins that he has in his wallets, but he hasn't done so and he has not touched his coins since the day he left, most likely he created bitcoin just to prove himself that he was capable of doing it, after all something like bitcoin has been the dream of many people for decades and it wasn't until satoshi created bitcoin that those dreams came true.

[mamahdedeh]

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.

It is really doubtful that satoshi created bitcoin to try to benefit himself, if that was true then he should have cashed out some of the coins that he has in his wallets, but he hasn't done so and he has not touched his coins since the day he left, most likely he created bitcoin just to prove himself that he was capable of doing it, after all something like bitcoin has been the dream of many people for decades and it wasn't until satoshi created bitcoin that those dreams came true.

right, satoshi certainly still keeps a few% of the total bitcoin available to maintain balance, of course if he just wants to be rich, then when prices are at the peak yesterday he has sold everything and become someone who is financially free, but there are big goals in creating bitcoin besides that

[Buff Mage]

Re: The reason behind creating Bitcoin.

To accelerate the development of quantum computers.
Satoshi mined a lot of Bitcoins to P2PK addresses and didn't transact them to quantum resistant P2PKH addresses.

SHA256 is not going to be broken by Moore's law computational improvements in our lifetimes.

Why?
He knows that whoever can build a quantum computer will be able to get these coins.
An incredible reward.

[ichi]

This is a fascinating conversation, it would seem that he satoshi made bitcoin for an explanation likewise with the emergency issue in 2008 and it bodes well not a long way from the dispatch of bitcoin, yet whether bitcoin is really ready to supplant the presentation of banks that have been in power everywhere on the world at that point welcome all individuals to have banks for themselves utilizing bitcoin, this explanation bodes well.

[pankowri]

There can be an enormous reason to establish BTC. Some of them are available from banks over maintenance. Economic development is a prominent validity to establish cryptocurrencies. Satoshi feels the importance of having a turning point that's can formulate the world simpler, faster, closer for the investors and financial persons. It virtually provokes the possibilities of decentralization of money. It is a portion of Globalization that compels the economy more versatile.