Post
Topic
Board Bitcoin Discussion
Re: Why Did Satoshi Nakamoto Create Bitcoin?
by
Darker45
on 02/07/2024, 11:24:56 UTC
the reasons behind Satoshi Nakamoto’s creation of Bitcoin are clearer.
The reason is embarked in the Coinbase message of Bitcoin Genesis block and I believe we don't need to find more information anywhere else.
Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

I beg to disagree. That's the controversial way of explaining why Bitcoin was created. But Bitcoin was already in the making before the bailout. I probably prefer to stick to the practical explanation of why Bitcoin came into being. So, rather than taking the answer from what's embedded on the genesis block, I prefer to go back to the very first sentence of the whitepaper.

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution." This is what Bitcoin is. The need for this is the reason why there is Bitcoin.