Post
Topic
Board Beginners & Help
Re: Reason for the existence of Bitcoin?
by
Dunamisx
on 01/03/2023, 21:48:28 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!!?

Bitcoin is meant for everyone to use and without exception to particular people to use it. one of the main purposes about Satoshi creating of Bitcoin is to tackle money inflation, unlike the current fiat system of money, the inflation rate is not predictable, whereas for Bitcoin the inflation rate of Bitcoin is predictable even over the next 50-100 years because every 4 years Bitcoin inflation rate is cut to halves.

If we are to all considers how the fiat currency had been abused and the rate it has dealt with us in our businesses and financial economy, no one will ever see an opportunity for alternative without embracing it as quick as possible, bitcoin was also created to make the balance between the rich and the poor, so everyone can be treated with equal right and have it completely with their financial lives, fast transaction that could be undelayed, low transaction fees, p2p advantage without third party and lots more.