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Ritchie

Founders Idea

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You mean the founder of Bitcoin? Satoshi? I don't know why it is hard to say these words, are they forbiden by your religion? It is Bitcoin and Satoshi that started everything. So learn to speak terms by their name and don't hide these facts, because I've noticed that there are blockchain studies in universities and they avoid these two words like the plague.

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The founder of Bitcoin, Satoshi Nakamoto had in his mind to create hard money that will not be battered by inflation but will be strong and keep the price high. This was made with decentralization. There have been thousands of coins created since then but Bitcoin is the leader.

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If I'm not mistaken the main goal of the founder of BTC which is the very first crypto made by the person name Satoshi Nakamoto is to make a peer to peer electronic cash system which mean it is decentralized and no single authority has a control over it. And later on become popular and because of its volatility it becomes the most favorite asset of some trader and investor because they knew that they could make a huge profit from it.

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Bitcoin was created during the worst financial disaster ever seen and it thrives because it exists for a reason to be used against the effects of the problems of the economy. It is a store of value that can be used by people to save their efforts and the wealth they create.

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I am amazed with the founder Satoshi and his great discovery. It was something that we are not know what he thought and why he decided to create but it was great. I am not think about this but about how we are to use and help adopt this idea.

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I think that everything will be clear for you once you read the whitepaper and the first emails Satoshi send to the cryptographers. It is easy after that and after reading some of the Satoshi forum posts to learn what he thought when he decided to create Bitcoin.

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On 11/7/2019 at 2:03 PM, Ritchie said:

How founder of cryptocurrency came to an idea to have a crytocurrency all over the world. To earn, to trade, to invest and many others.

I had the exactly same question my friend! But I don't think that earn as you think of it was in Satoshi mind and he doesn't care a lot if you earn money by promoting Bitcoin. Also you didn't even say the word Bitcoin but something like crytocurrency that makes you look very bad at doing this.

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In my opinion, this matter goes back to being hidden first in the world of finance and business, and it brings these ideas through blindness and the search for convenience, speed, safety, and other features, and after that work begins as a team and ideas appear and ideas disappear so that the final goal of the currency project and its use and application are reached.

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Satoshi nakamoto was inspired by the financial sector crisis that happens back in 2008 when fiat inflation was high and lots of countries where going into recession, so he came up with the idea of bitcoin and launched it, hoping it will help in solving the problems and it did. By launching he came up with the idea of trade and investment just like what they do in forex.

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Satoshi followed ideas of previous efforts to create electronic money. There were research and programs like b-money created by Wei Dai and Satoshi saw how these failed attempts could made into better and useful. He used many technologies that were already there and combined them to create Bitcoin.

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Satoshi Gatomo thought intelligently, and in view of the global economic crisis of 2008 there, the idea came to create a hypothetical currency that is not affiliated with any party and cannot be controlled by countries and is not subject to any conditions.

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I think the main purpose of Satoshi Nakamoto and people, who created Bitcoin was just a new form of money, which will be comfortable to use, anonymous and independent from governments. All other opportunities have came when years passed and new people have been joining crypto world 


 

 

 

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On 11/7/2019 at 1:03 PM, Ritchie said:

How founder of cryptocurrency came to an idea to have a crytocurrency all over the world. To earn, to trade, to invest and many others.

His creation proves that he has a solid understanding of the financial sector. He is also able to figure out some flaws in the financial sector which he felt needed to be fixed. He then developed the blockchain and also bitcoin.

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In a separate time I also think about it how he/she got that idea but don't know why? But fact is that he helped a lot to the people and people are earning more.

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It is indeed a good idea and it provided a great benefit to everyone and I think that Satoshi Nakamoto did this after the financial crises and invented a new idea to follow the development and modernization of what is on the face of the earth, and he also made this idea used through the Internet that everyone can use. I thank this wonderful man very much

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On 11/7/2019 at 6:03 PM, Ritchie said:

How founder of cryptocurrency came to an idea to have a crytocurrency all over the world. To earn, to trade, to invest and many others.

Those who created cryptocurrency have seen a future in cryptocurrency Those who created cryptocurrency wanted to create a world online where everyone could make money.So they launch cryptocurrency.Satoshi launched Bitcoin in 2009 because he saw a future in Bitcoin that was much brighter.Currently it has been successful because Bitcoin is currently improving a lot.

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Yes satoshi has done a great job by creating bit coin and am sure that the reason why he created this bit coin is that he wants everyone to have access to his or her money without the government intervention 

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On 11/7/2019 at 5:03 PM, Ritchie said:

How founder of cryptocurrency came to an idea to have a crytocurrency all over the world. To earn, to trade, to invest and many others.

 Dear I really like your post because you create a question and it is really very your soul because many people are thinking why and who discovered cryptocurrency and I read many post that people are saying that Stoshi nakamoto was the first who start this with creating Bitcoin I also think that it is true he was the one who start this.

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Cryptocurrency is born out of the advances of technology and creative knowledge. Without these two it is not possible to create Cryptocurrency. Thanks to the Founders.

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Cryptocurrency was creates for the owner tonhabe control of it and help to reduce some financial crisis around the world which everyone have the right to control his own digital currency to trade invest without government or any financial sector interferance. 

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On 11/7/2019 at 8:03 AM, Ritchie said:

How founder of cryptocurrency came to an idea to have a crytocurrency all over the world. To earn, to trade, to invest and many others.

It is the best idea that has occurred in this century, Satoshi Nakamoto is a great example of the ability to overcome the limits of control that governments want to take on our money, and thanks to his invention we are enjoying something great that is still small worldwide.

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On 11/7/2019 at 8:03 AM, Ritchie said:

How founder of cryptocurrency came to an idea to have a crytocurrency all over the world. To earn, to trade, to invest and many others.

It has exactly said some of its objectives and as you can see the rest are already being met, the important thing about cryptocurrencies and the most important is to be accepted throughout the world and be a main currency to exchange, replacing even fiat currency.

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Good day mate. I think the whole idea of creating bitcoin and other coins is to have a decentralised financial system that is free from external interference by other people( govt, influencial people). A system that gives the people autonomous control over their finances without government's restrictions, tax or regulations. This is indeed an applaudible project that will serve humanity in the long run because currently it is serving the purposes for which it was created.

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Undoubtedly, the creator of this is a genius, this will always be discussed, it is something that will be carried over the conventional market without any doubt it is a matter of time, being this that the low security as a negative point I think it is something that can be improved in the future with some good platforms.

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Normally cryptocurrencies were created to cure the financial crisis, according to some articles which I was reading about the financial crisis of 2008, only that it did not take great importance at that time but it may in the future be the cure of the crisis. Seeing that cryptocurrencies have their plans for the future and many countries are adopting it to do many things, it can also be said that the founders could think that cryptocurrencies were going to be the future of the virtual economy, it can be said that the founders They made a great tool for the economy that would impact the whole world.

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