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Topic
Board Beginners & Help
Re: Reason for the existence of Bitcoin?
by
sheenshane
on 27/02/2023, 23:56:55 UTC
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.