Real purpose of Bitcoin

[Warkop]

When you talk about Bitcoin first thing which most of us thinks either it's a get rich quick scheme or an investment scheme. Did Satoshi Nakamoto created Bitcoin as an investment scheme? No, it was supposed to be a peer to peer payment transaction across borders without involvement expensive money exchangers or regulators but it has been turned into an investment scheme, where are we heading ? Do you think Bitcoin is losing its original purpose of its invention?

Bitcoin has not lost its original purpose, I think Bitcoin is still in its original purpose for peer to peer digital money, not only that maybe everyone thinks that Bitcoin is also very good to invest in so they have savings to guarantee their future life. Perhaps that is the reason why many people think Bitcoin does not exist in its original purpose and is only for investment, because Bitcoin apart from being peer to peer Bitcoin is also very good for investment.

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[angrynerd88]

Bitcoin is an advanced money and its reason ought to be in line with such category but the as it were distinction is decentralization. Bitcoin and other cryptos are being utilized more as an venture and not as a computerized money. But are we truly not utilizing it right from doing so? I think we are still utilizing it and it is fair that it's clients saw another viewpoint of it which is more advantageous, which is benefit. Its instability which ought to be a drawback for money got to be an advantage since it produces benefit to its clients and presently, speculators.

[adzino]

Not going to lie, but yeah, it is losing it's original purpose. Bitcoin was indeed invented to use it as a peer to peer currency and make transactions without any third party involved. This was done to bring financial freedom to the people.
But the problem is due to it's current state, people sometimes find bitcoin unsuitable to use it as currency to make daily transaction. Look at the fee and waiting time when the network gets congested. Again, bitcoin does seem to have a store of value. Hence for now people use it as an investment option. Sadly, some use it as a get rich quick scheme and are highly dissapointed.

[Rishabh riyz]

I agree that bitcoins original purpose was to be a hassle-free  mode of payment , but because of BTCs nature as a digital decentralized crypto currency and above all the fluctuating value of bitcoins which is influenced by various factors such as The supply and market demand for it , these properties helped bitcoins to emerge as a valuable asset.

but it also cannot be denied that bitcoins are now more popular for being an investment (after the bubble of Dec 2017) and not for  transaction in from of digital currency.
due to not having a fixed value it is hard for governments across the globe  to legalize them.
BTC might have been accepted worldwide if only it had a less fluctuating value.

[serjent05]

When you talk about Bitcoin first thing which most of us thinks either it's a get rich quick scheme or an investment scheme. Did Satoshi Nakamoto created Bitcoin as an investment scheme? No, it was supposed to be a peer to peer payment transaction across borders without involvement expensive money exchangers or regulators but it has been turned into an investment scheme, where are we heading ? Do you think Bitcoin is losing its original purpose of its invention?

No Bitcoin isn't losing its original purpose.  It is that people are making a way to take advantage and create a profit on the new and trending financial technology.  It is normal for new and trending technology to create a huge buzz in the market especially when it is created to be a tool of financial transfers and with that comes speculations that attract traders and investors.  So it is normal for emerging technology to be seen as an investment.

[Preshie]

Satoshi Nakamoto created Bitcoin to ease payment  and also to be a peer to peer payment transaction.
But Bitcoin for me is not loosing it's original purpose and I will say it has impacted the world with it's good or I can say great value.

[uneng]

And aren't people achieving financial freedom through bitcoin? If I depended on my national currency to store my money it would be a disaster and I would be losing purchasing power day by day. Besides that the only disponible options would be some bank investments which the profit isn't enough to cover the inflation. Even to work online and receive your payments in bitcoin is easier than dealing with fiat on the internet.
If the real purpose of bitcoin isn't to help people and to simplify their life I don't know what it is anymore.

[marilynmanson21]

Bitcoin is decentralized and for me the genuine reason for bitcoin is, making benefit by contributing on it. Bitcoin and other digital currencies are the same as stock exchange however the truth of the matter is there's no control on it. We can make embrace benefit in brief time frame so it ought to consider as an online contribute stage. It might utilized as Payment passage as well, since it assists with sending cash worldwide without covering the charges

Yes, this is one of the purpose of bitcoin, without bitcoin someone will have difficulty making payments around the world, the difficulty I mean is very expensive transaction fees and long transaction times. And also the decentralization that bitcoin has is the main reason many people choose bitcoin and it is easily accepted by many people.

[jeniferqueen0409]

In my opinion, Satoshi Nakamoto created Bitcoin initially could be just an invention of a virtual currency transaction on the bearing to help the transaction process of buying and selling goods faster, but later Bitcoin with Blockchain technology applied in the life which Bitcoin is so much more than just payments in life that it's interesting in many areas of life rather than just investing.