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    Author Topic: Why bitcoin is created?  (Read 2598 times)

    • Firdausiii
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    April 19, 2018, 03:23:12 PM
     #321
    Quote from: neoandtrinity on April 07, 2018, 09:24:23 AM
    Bitcoin was created after this crisis as a way for users to take control of their money, instead of trusting the financial system. Bitcoin is independent of any central bank or any manipulation by any government .

    Bitcoin is made worldwide for me, for you, for her, for her for them and for everyone involved and bitcoin to help us improve our livesBitcoin is a cryptocurrency payment system and worldwide

  • Meowth05
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    April 19, 2018, 03:28:37 PM
     #322
    As what I have observe bitcoin had made for some reason such as to give opportunity to unemployed personn to have a job, to change someone's life, to help the economy of one's country, for online transaction, to improve the mode of payment online and many more. Bitcoin has a lot of reason why it is created and it will tough to enumerate since we have different ideas upon it. For my conclusion, bitcoin was created to be beneficial and to change the world into a better one.

  • bellakrstna
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    April 19, 2018, 03:31:38 PM
     #323
    I believe bitcoin created by Satoshi Nakamoto to reduce the transaction fee in our existence bank system. but now, bitcoin transaction fee is more expensive because bitcoin price is increased far from initial price.

  • Sandijoee
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    April 19, 2018, 03:34:19 PM
     #324
    I think bitcoin is made for online transactions such as purchasing various services such as games up to website hosting. Bitcoin is mostly used for investment and getting rich. And I think bitcoin does a great job.

  • ninio
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    April 19, 2018, 03:34:39 PM
     #325
    Bitcoin created because satoshi wants to evolve the currency here in the world we all know that we're in a advance technology today thats why we need to level up our currency by the way to become hassle free our every money transaction also bitcoin is created as a new platform of investment by being decentralized of the bitcoin and also I thought that bitcoin or crypto currency will be the future money.

  • rider4
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    April 19, 2018, 03:36:28 PM
     #326
    This is one of the first currencies , I trust her besides he is volatile it makes it possible to earn but it is also very risky.

  • domerosan10
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    April 19, 2018, 03:41:52 PM
     #327
    Bitcoin is one of cryptocurrency which is basically a digital currency. Bitcoin is made to increase the finances of people around the world and bitcoin for the future because people have a future and people want it.

  • serverus
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    April 19, 2018, 03:52:30 PM
     #328
    My idea is, bitcoin was created to have a mode of payment that is untractable easily. It is much private and suitable for transaction that is classified. It is convenient for online tansaction too.

  • Veterock
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    April 19, 2018, 04:20:26 PM
     #329
    I guess, that the biggest plus of bitcoin is the opportunity to launder money and hide from taxes

  • deepakg2m
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    April 19, 2018, 04:28:23 PM
     #330
    The first reason for which BITCOIN was created is to enhance online transactions and to improve the means of payment for any online transaction .But now the BITCOIN is being used for many purposes like, second source of income, improving financial conditions of the poorest,etc.
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  • gahsh
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    April 19, 2018, 04:29:21 PM
     #331
    Quote from: Meowth05 on April 19, 2018, 03:28:37 PM
    As what I have observe bitcoin had made for some reason such as to give opportunity to unemployed personn to have a job, to change someone's life, to help the economy of one's country, for online transaction, to improve the mode of payment online and many more. Bitcoin has a lot of reason why it is created and it will tough to enumerate since we have different ideas upon it. For my conclusion, bitcoin was created to be beneficial and to change the world into a better one.
    really, bitcoin helps a lot of people who may be unemployed and unemployed, and with the bitcoin they can earn enough to make ends meet every day, and bitcoin makes it easier for us to make easy digital money transactions, and so far bitcoin more people to use it as an investment.

  • ekeh
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    April 19, 2018, 04:39:22 PM
     #332
    bitcoin are created inform of digital currency that is acceptable across the nation than our local money, and bitcoin is mainly used for business either trading plat form or investment, after a short period of time, it accumulate with a reasonable amount to sell out and make more profit than the initial prize of buying of bitcoin.

  • Israel712
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    April 19, 2018, 04:43:52 PM
     #333
    Bitcoin invention was born out of need for everyone to have a complete freedom of control over wealth and information at core. E-commerce have received a great boast as a result of this invention. Although,  there are challenges associated with the technology, but with these teething problems many have found opportunity to new businesses development.

  • Mi5h0
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    April 19, 2018, 06:22:38 PM
     #334
    Quoted for reference:
    Quote from: Purwal on April 19, 2018, 08:03:51 AM
    Bank bail out after bank bail out. There's also clearly demand to have an alternative to central bank issued currency. Also there's been people trying to create a purely digital currency for decades. They all got squashed by the government, so Bitcoin is decentralized like BitTorrent vs early attempts that were all centralized like napster.
    The more radical and experimental central bank policy gets (QE, negative rates, currency devaluations) the more alternatives like Bitcoin and gold look attractive.

    Original source: https://www.reddit.com/r/Bitcoin/comments/55zaqp/what_led_to_the_creation_of_bitcoin/d8eybns/

    Plagiarism and copy/paste posts is illegal and in a violation of the rules of this forum.

  • kasianov77
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    April 19, 2018, 06:25:30 PM
     #335
    Bitcoin, in my opinion, arose because of the exceptionally bright desires of people to be independent, not to see all the dirt that exists in the world. This is a pure idea of a new world.

  • jonikris
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    April 19, 2018, 06:29:51 PM
     #336
    I think personally bitcoin was created to make it easier for people to invest and create jobs for those who are hard to find work in the real world

  • Dotakels
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    April 19, 2018, 11:27:09 PM
     #337
    I think that in order to make the world better! For what else could it be created, as we see on the basis of it, many other advanced coins were created!

  • aircrusan
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    April 19, 2018, 11:28:22 PM
     #338
    We needed an electronic cash system with peer-to-peer access. This is exactly what Satoshi Nakamoto described in 2009. This was the answer to all the existing problems at that time. Bitcoin was supposed to be an alternative to our current financial system.

  • brampower
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    April 19, 2018, 11:28:47 PM
     #339
    Quote from: jonikris on April 19, 2018, 06:29:51 PM
    I think personally bitcoin was created to make it easier for people to invest and create jobs for those who are hard to find work in the real world
    How do you think that it will provide work, unless you are an expertise in anything related to the market you wont find any work, if you are saying because of the bounties, then it wont continue forever, it will help in creating new jobs, the reason for bitcoin is to have an investment platform not controlled by any government or a centralized institution.

  • Addywealth
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    April 19, 2018, 11:35:20 PM
     #340
    Blockchain technology will impact every person and business globally, to give an example I am going to start with how banks operate in our current world and why they are grossly inefficient and fraudulent
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