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Board Beginners & Help
Re: Reason for the existence of Bitcoin?
by
CryptopreneurBrainboss
on 02/03/2023, 19:30:35 UTC
I want to know if SATOSHI was having in mind that what he was about creating with forever be in existence? I guess he made it for just himself  and not real for everyone but it later turns out to be viral over the world, I guess he has reason for him creating bitcoin because alot investment are in there and same as scammer. WHAT IS HIS REASON FOR ALLOWING IT TO EXIST?

He didn't make it for himself and that's why he didn't hang around to take all the credit that will come from the success of his creation. He didn't make it for himself that's why he made it possible that miners get reward for keeping the block active and he gets nothing from their reward like a commission. He didn't make it for himself that's why he has abandoned his initial mined millions of coins and just living a normal life wherever he is assuming he isn't dead already.

You don't even need to read the Bitcoin white paper (although it's recommended you do) for you to understand what Satoshi was trying to achieve with his creation. He wasn't creating Bitcoin for the elites instead for the common man to use as alternative to the highly censored and centralized banking system that's been built on nothing but lairs. Satoshi realized the world needed a decentralized currency and that's why bitcoin was created, it's used for store of value is just other benefits that comes from holding it. The main aim for it's creation was as a means of decentralized exchange.