Post
Topic
Board Bitcoin Discussion
Re: Real purpose of Bitcoin
by
error08
on 28/11/2020, 13:21:50 UTC
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?

Most of us in this forum have been using Bitcoin as a medium of exchange, we pay something using BTC, we receive wages from signature campaigns in BTC. This explains that bitcoin is still used as a peer to peer payment transaction across borders without the need for a third centralized third party.

If we talking about people out there from institutional investors or companies who drive the price to increase rapidly, therefore regulators have to make laws to supervise them, something applies for a reason but doesn't mean it change the real purpose of Bitcoin.