Post
Topic
Board Economics
Re: Btc and crypto was created for reason
by
Pokapoka124
on 01/08/2024, 08:58:19 UTC
The reason was anger, anger about high fees and impossible rules by banks in the far east.
Bitcoin itself with its fees, is close to copy the banks behavior back from those times.
Know body knows what satoshi nakamotor had in mind to create its currency called bitcoin, but today its creation and innovation has been a beneficiary to many people,
We can’t speculate what Satoshi had in mind when he created Bitcoin. Every crypto project has a whitepaper where the goals, objectives, features of the project are highlighted. So when questions like this come up, bitcoiners can make reserve to the Bitcoin whitepaper.

so I believe that in time coming another person will have another insight to create its currency and worldwide will also be a beneficiary as worldwide is a beneficiary of invention of satoshi nakamotor.

Many cryptocurrencies have been created after Bitcoin but they are centralized and they mostly fail. Altcoins are created with a different mindset. Altcoins are generally for trading, no one can tell how long they will last in the market.
Over 50% of all cryptocurrencies have died. Of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have died.