Why was Bitcoin created in the first place?

Question

Faisal Khan · Accepted Answer

In hindsight one can say the following factors probably contributed towards its creation:

Anonymity (from a Payments perspective, not having to share your personal details, etc.)
Global Payment. Pay anyone, anywhere, anytime. 24/7.
Micropayments
Nanopayments - Want to pay 0.0001 cents? Bitcoin can do it.
Consensus Framework - which was missing out on earlier attempts at digital money.
Distributed.
No central authority. Let the enthusiasts run it.
Free.
Create a value-transfer system that rides on the internet packet.
Solve the double-spend problem.
Transparent (open-ledger)
Lower fees (nearly free)
No chargebacks
Accessible to all. No discrimination on country wealth or infrastructure, etc. If you have access to the Internet, you have access to Bitcoins.