The purpose of Bitcoin is to upset or turn banking upside down.
A disruptive technology.
The nature of it is decided by it's users.
A neutral entity that does not believe in right or wrong in order to evade the effects of karma.
It could free the world or enslave the world because it does not care.
It only desires that the mere idea infests as many hosts as it possibly can.
Then and only then can it be idolized so that it may rule over all.
Any other questions?
Currency comes in the form of $.
The update of it to appear as a
BTC makes no difference.
Wealth and power remain in charge of the illusion that you allowed into your house.
The main purpose of bitcoins was not to abolish fiat, but to show the world that digital money is possible to rise. Bitcoin is a cryptocurrency and a payment system. The system is peer-to-peer and transactions take place between users directly, without an intermediary. I beleive Bitcoins are created as a reward in a competition in which users offer their computing power to verify and record bitcoin transactions into the blockchain.