Reason for the existence of Bitcoin?

[Sakanwa]

I was really taking my time asking myself what is the purpose for  bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

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[Saisher]

I was really taking my time asking myself what is the purpose for  bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

Unfortunately for you, you forgot to read and understand Bitcoin's whitepaper, you just need to go back and read it to understand and all your questions will be answered, the whitepaper is very important and it sums up everything about the purpose of Bitcoin and what it tries to accomplish

Satoshi Nakamoto's original paper is still recommended reading for anyone studying how Bitcoin works. Choose which translation of the paper you want to read:

https://bitcoin.org/en/bitcoin-paper

[Bitcoin_Arena]

Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

Are you looking for an alternative electronic payment system that is borderless and can not be censored?
Do you hate using third parties in your electronic payments?
Are a fan of peer to peer payment deals?
Do you hate Government monitoring and blocking your transactions?

Then Bitcoin is for you

Please Read the white paper!

[CageMabok]

I was really taking my time asking myself what is the purpose for  bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

When you ask yourself, what answers have you found for that simple question?
Although I don't read that SATOSHI NAKAMOTO ever stated anything when he created Bitcoin and determined the category of people who would get it. Because I only read the general purpose of Bitcoin itself where Bitcoin was created in 2009 in the middle of an economic recession. Bitcoin was created to be a peer-to-peer electronic cash system, but it has also attracted investors who are attracted to cryptocurrencies as a store of value currency, comparable to gold. Quoting Time.com

[hatshepsut93]

Cryptography and Internet enthusiasts have been trying to create a decentralized digital currency since the 90s. Those attempts had flaws and didn't get much traction, many even remained purely theoretical. But Satoshi built on their experience and used his innovation to create the first working decentralized electronic currency.

The people who wanted such currency dreamed about transferring money without restrictions, without interference.

did he specify they category of people that are going to per-take on bitcoin!!?

Bitcoin is for everyone it does not discriminate, it cannot discriminate.

[BitMaxz]

The purpose of Bitcoin's existence is to provide a decentralized and secure alternative to local currencies which is centralized.
The good thing about decentralized is that we can send and receive money peer to peer without a 3rd party such as banks.
Satoshi is aiming to create a digital currency secure and transparent because they value privacy.

The main purpose of Bitcoin's existence is decentralization to make sure no one can control or manipulate Bitcoin, unlike local currencies which are controlled by the government and central banks.

[sheenshane]

I was really taking my time asking myself what is the purpose for  bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

Learn how to read Bitcoin's Whitepaper, everything was stated there the purpose of Bitcoin creation.
If you can see the whitepaper suggests that Bitcoin was created to address some of the flaws in traditional financial systems, such as the high costs and long transaction times associated with traditional banking systems.  Bitcoin is designed to be decentralized, meaning that it operates without a central authority, like a government or a bank, controlling it and this decentralization makes it resistant to censorship and interference from third parties.  I hope you better understand this.

Anyone with an internet connection can participate in the Bitcoin network, buy and sell Bitcoin, and use it as a means of payment which is the mean core upon the creation.

[BlackBoss_]

I was really taking my time asking myself what is the purpose for  bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

Satoshi Nakamoto does not know how Bitcoin will grow and how it will end or be lively forever. Let's read his stance on this matter years ago before he left the forum.

Right.  Otherwise we couldn't have a finite limit of 21 million coins, because there would always need to be some minimum reward for generating.  In a few decades when the reward gets too small, the transaction fee will become the main compensation for nodes.  I'm sure that in 20 years there will either be very large transaction volume or no volume.

Nobody knows at in 2009, 2010 but now 14 years since 2009, I have stronger belief that Bitcoin won't die.

If you want to be more knowledgeable then more bullish about Bitcoin, let's read The bullish case for Bitcoin

[ManaJonah]

For the purpose of sending money over the internet Bitcoin was brought into existence. The aim of the digital currency was to bring a better payment system that function without a centralized management. Bitcoin was created for usage of every one .

[Despairo]

Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

Many above users are pointed to suggest you to read the whitepaper, it's the answer because you will know about Bitcoin and you will the answer if you've understand about it. But for newbie I don't quite recommend to read the whitepaper because there's a lot of alien words where it would make you confused.

The first question is really simple, Satoshi only want to avoid third parties, while the second question, you just need to use your logic. If anyone can access Bitcoin through non custodial wallet and decentralized exchange, do you think there's no one can use Bitcoin?

[witcher_sense]

I was really taking my time asking myself what is the purpose for  bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

People who happen to be living in sanctioned countries can't take advantage of the traditional financial system, they can't make purchases on the Internet with their Visa or Mastercard, and they sometimes don't even have a bank account to make a deposit. Without globally accepted and properly working digital currency, they are cut off from the rest of the world and have to only transact locally like in primitive times when money didn't exist. Bitcoin solves this problem by giving these people the ability to join the party and transact with whomever they wish without having to ask permission. It exists to help people make trades with each other in a decentralized way regardless of imposed sanctions or other constraints; it unites people that otherwise would have been disparate.

[Obari]

Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

Are you looking for an alternative electronic payment system that is borderless and can not be censored?
Do you hate using third parties in your electronic payments?
Are a fan of peer to peer payment deals?
Do you hate Government monitoring and blocking your transactions?

Then Bitcoin is for you

Please Read the white paper!

This has been one of the finest definition of the purpose of Bitcoin and @OP you really have to get back to the white paper so as to read the purpose of what you're getting involved with.

Bitcoin has really help if for nothing, for the purpose of helping and aiding foreign exchange  which the excess of a third party  and Bitcoin which is a decentralized digital currency is independent currency that doesn't require the presence or intervention or government regulations.

[Dunamisx]

If you have ever read about bitcoin on the internet then you should have discovered the history and know what the whitepaper is all about, here on the whitepaper, you will discover everything you need to know about bitcoin network, purpose and protocols guiding it, also in addition to this and as part of the reasons why Satoshi created bitcoin was to give us financial freedom from centralized authorities abd ease crossboarder transaction high charges.

[Asiska02]

I was really taking my time asking myself what is the purpose for  bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

If you’re still asking such question at this point in time, then you must have missed an important part you need to know before embarking on bitcoin investment. It’s good you ask but your question is not something to have been asked by someone with basic knowledge about bitcoin. Do well and get the basic knowledge and your journey here will become easier.

Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

Bitcoin existence and invention is to serve as an alternative to fiat currency and provide a decentralized system for that. And there’s no restriction to who can per-take in bitcoin investment.

[AakZaki]

There are many reasons why bitcoin was created by Sastoshi Nakamoto. Such as the reason to be detached from government regulations so that they cannot be arbitrary in managing everyone's assets because they have power. Bitcoin was created to be decentralized which means it cannot be regulated by anyone including the government, and because the number is limited makes bitcoin very valuable.
Bitcoin is also designed as an alternative to the traditional financial system which tends to be centralized and vulnerable to the influence of the government or large financial institutions. Bitcoin is also considered a lucrative investment tool by some due to its increasing value over the long term.
Bitcoin's goal is to provide an alternative to existing financial systems and give its users full control over money and transactions.

[Franctoshi]

I was really taking my time asking myself what is the purpose for  bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

Bitcoin is meant for everyone to use and without exception to particular people to use it. one of the main purposes about Satoshi creating of Bitcoin is to tackle money inflation, unlike the current fiat system of money, the inflation rate is not predictable, whereas for Bitcoin the inflation rate of Bitcoin is predictable even over the next 50-100 years because every 4 years Bitcoin inflation rate is cut to halves.

[decodx]

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Basically, Bitcoin is conceived as a type of digital money that you can use online. But what's cool about it, and what sets it apart and makes it unique from previous forms of digital currency, is that it's not controlled by any central authority. Instead, it's run by a bunch of computers all over the world that work together to keep track of everyone's transactions.

The guy who created Bitcoin, Satoshi Nakamoto, didn't really say why he made it, but he wrote this thing called a whitepaper that explained how it works. And in that paper, he talked about how regular money can be a pain because you have to rely on banks and stuff to keep track of it. But with Bitcoin, you don't need a bank, so it's more like a peer-to-peer system where people can send money directly to each other without any middlemen getting in the way.

[Dunamisx]

I was really taking my time asking myself what is the purpose for  bitcoin existence, Does SATOSHI NAKAMOTO really stated why he want to make bitcoin be in existence and did he specify they category of people that are going to per-take on bitcoin!!?

Bitcoin is meant for everyone to use and without exception to particular people to use it. one of the main purposes about Satoshi creating of Bitcoin is to tackle money inflation, unlike the current fiat system of money, the inflation rate is not predictable, whereas for Bitcoin the inflation rate of Bitcoin is predictable even over the next 50-100 years because every 4 years Bitcoin inflation rate is cut to halves.

If we are to all considers how the fiat currency had been abused and the rate it has dealt with us in our businesses and financial economy, no one will ever see an opportunity for alternative without embracing it as quick as possible, bitcoin was also created to make the balance between the rich and the poor, so everyone can be treated with equal right and have it completely with their financial lives, fast transaction that could be undelayed, low transaction fees, p2p advantage without third party and lots more.

[Sakanwa]

I want to know if SATOSHI was having in mind that what he was about creating with forever be in existence? I guess he made it for just himself  and not real for everyone but it later turns out to be viral over the world, I guess he has reason for him creating bitcoin because alot investment are in there and same as scammer. WHAT IS HIS REASON FOR ALLOWING IT TO EXIST?

[Rikafip]

I want to know if SATOSHI was having in mind that what he was about creating with forever be in existence? I guess he made it for just himself  and not real for everyone but it later turns out to be viral over the world.

What would be the point of creating an alternative payment system, write whitepaper etc if no one else would use it so of course he didn't make it just for himself. If he did, Bitcoin would be way more centralized while he did what he can to keep it as decentralized as possible.

If you are asking whether he knew that Bitcoin will be such a success, I would guess that he didn't, and neither did the earliest adopters. This is what he said back in 2010

I'm sure that in 20 years there will either be very large transaction volume or no volume