Bitcoin...was created for?

[Tumoko Sakate]

what i dont understand is that Bitcoin was created to elimite the control of money that banks have which is a "good Idea...."
But... what is the difference between Bitcoin  webmoney, Paypal and other exchangers?

where does this Currency gets its value? why do we still need Money to get them? Because of the high demand??
and talk about Pyramid: who is on top of this Bitcoin money chain?

Bitcoin encrypted value

Lol so who is benefiting from it? obviously not the person that buys this "currency"
 1btc (made up money) = $383 (real money)
 So why invest your hard earned real money into something like BTC?
 because it will never lose value (the demand value) ?

if this is the way to go;  anyone  can create an agreement  a digital currency and use this currency among people you know hmmm. thats the way every bank note started.. lol..
  

 

[yayayo]

Lol so who is benefiting from it? obviously not the person that buys this "currency"
 1btc (made up money) = $383 (real money)

What makes you think that the Dollar isn't made up money? Educate yourself about the origins of money then you'll understand.

All money derives its value from the shared consensus among people that it has value - it's belief, nothing more.

The key difference between Bitcoin and fiat currencies like the Dollar is that the Dollar is subject to political influence, is backed by nothing, and can be inflated without restriction. Bitcoin is controlled by math and can't be inflated at will. Bitcoin is natural money that people decided to be valuable out of free will - the Dollar is forced on people by government (legal tender).

You can think of Bitcoin like it's digital gold. Gold is also not backed by anything, but people still have decided that it's valuable out of free will.

ya.ya.yo!

[btcshare]

you should know  btc is the first crypto currency! not the copied !

[Tumoko Sakate]

Lol so who is benefiting from it? obviously not the person that buys this "currency"
 1btc (made up money) = $383 (real money)

What makes you think that the Dollar isn't made up money? Educate yourself about the origins of money then you'll understand.

All money derives its value from the shared consensus among people that it has value - it's belief, nothing more.

I think you didnt read my last few lines...LOl..I think I am educated enough to understand this agreement between major companies who has
hooked the poor again into believing and investing into something that will never benefit but drain their hard earned "real money"

as much as you will try to explain it doenst take much to understand

what was created
who created
why was created

-------------------------------------------------

you just mentioned it

What makes you think that the Dollar isn't made up money? Educate yourself about the origins of money then you'll understand.

[yayayo]

I think you didnt read my last few lines...LOl..I think I am educated enough to understand this agreement between major companies who has
hooked the poor again into believing and investing into something that will never benefit but drain their hard earned "real money"

Sorry, but you obviously understand nothing. You should read more before posting such nonsense.

Bitcoin is no company. It's a protocol, a software, and a currency.

ya.ya.yo!

[Tumoko Sakate]

I think you didnt read my last few lines...LOl..I think I am educated enough to understand this agreement between major companies who has
hooked the poor again into believing and investing into something that will never benefit but drain their hard earned "real money"

Sorry, but you obviously understand nothing. You should read more before posting such nonsense.

Bitcoin is no company. It's a protocol, a software, and a currency.

ya.ya.yo!

not nonsense...I think you are delusional.

keep dreaming. If you own any BTC you need real money to give its value..No one will accept your btc if they are not backed up by a true value.

Trade among your selves and see how it will benefit your wallets. YOu are certainly delusional

[OmegaStarScream]

I think you didnt read my last few lines...LOl..I think I am educated enough to understand this agreement between major companies who has
hooked the poor again into believing and investing into something that will never benefit but drain their hard earned "real money"

Sorry, but you obviously understand nothing. You should read more before posting such nonsense.

Bitcoin is no company. It's a protocol, a software, and a currency.

ya.ya.yo!

not nonsense...I think you are delusional.

keep dreaming. If you own any BTC you need real money to give its value..No one will accept your btc if they are not backed up by a true value.

Trade among your selves and see how it will benefit your wallets. YOu are certainly delusional

It's just because what you call "real money" came first.

[shorena]

Code:

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|  DO NOT  |
| FEED THE |
|  TROLL   |
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[Tumoko Sakate]

Keep dreaming... LOL

[Bit_Happy]

..who created
why was created...

BTC was created (and/or originally supported) by "radical libertarians" who want to free us from the current system, but...
The actual creator could (possibly) be intending a massive "One-World" currency which makes us all slaves to the "all-seeing, always visible" blockchain. 
http://www.youtube.com/watch?v=aBQalkIeE7s

What is the real truth about BTC?

[Q7]

What you say has a point but it is not 100pct true.
Fiat even though is not fully backed by gold but it is at least determined by the strength of the economy, military to certain extent, availability of natural resources etc...of the issuing country based on iou trust

Bitcoin although is not backed by anything but it gets its value based on acceptance. .. the acceptance by the community who believes in its protocol and decentralization concept..
Based on these factors it creates demand... and the demand assigns it a value, something which the other party will agree on in exchange for products, services, etc and that's how it goes

[Tumoko Sakate]

Real money dates back to ancient Greece


Paypal dates back to 1998 @ $13 per share
BTC dates back to 2008 @ lucratively $383 per share

 

[Tumoko Sakate]

What you say has a point but it is not 100pct true.
Fiat even though is not fully backed by gold but it is at least determined by the strength of the economy, military to certain extent, availability of natural resources etc...of the issuing country based on iou trust

Bitcoin although is not backed by anything but it gets its value based on acceptance. .. the acceptance by the community who believes in its protocol and decentralization concept..
Based on these factors it creates demand... and the demand assigns it a value, something which the other party will agree on in exchange for products, services, etc and that's how it goes

exactly..we are on the same path.. value of acceptance  the demand is what gives its value...

It seems like BTC was a clever social experiment. fuck it Lets all make our own monopoly money..

[Elwar]

Welcome to Bitcoin!

[Gianluca95]

Bitcoin was created to eliminate all sorts of bank and substitute these with a new decentralized system. Imagine a world where you don't pay any taxes or fee to transfer your money, and no one know nothing about your shopping.

[Lauda]

Yet this thread only reminds me on the lack of moderation that this forum has. This is obviously a troll/FUD attempt. One should be able to recognize such bad attempts at the first glance.
Bitcoin is not made up money. If you say that it is, so it the dollar. The money stopped being back by gold long ago.
Theoretically we could somehow make 'paper-like' bitcoin notes and say that it is real money (to those that said that it was not). But what is the real definition of 'real money'?  A currency that is on paper and coins? A currency that is backed by a government? I'd say no to both.

[hasherr]

Go create your own "bitcoin" and join in long list of bitcoin-wannabees. We all know how that will work out.
fork it here: https://github.com/bitcoin/bitcoin

[Bit_Happy]

Welcome to Bitcoin!

Also, Welcome to the Internet and we hope you enjoy your stay. 

[turvarya]

I think you didnt read my last few lines...LOl..I think I am educated enough to understand this agreement between major companies who has
hooked the poor again into believing and investing into something that will never benefit but drain their hard earned "real money"

Sorry, but you obviously understand nothing. You should read more before posting such nonsense.

Bitcoin is no company. It's a protocol, a software, and a currency.

ya.ya.yo!

not nonsense...I think you are delusional.

keep dreaming. If you own any BTC you need real money to give its value..No one will accept your btc if they are not backed up by a true value.

Trade among your selves and see how it will benefit your wallets. YOu are certainly delusional

if you go to Europe or Asia nobody will accept you USD. So, USD is also not real money?

[faince222]

I think that you're a troll. Anyway, bitcoin is the best compromised for the people which use to spent their money on internet. Why? Because nobody wants to let know to the other paypal his shopping (in much case). Only thing that I don't like of bitcoin is that it is totally anonymous.