Topic: Bitcoin Yesterday, Today and Future (Read 141 times)

Thanks, for throwing more lights on this subject matter regarding whose shoulder Satoshi Nakamoto stood on to explore his idea and turned the domant idea to an existing one (Bitcoin).

Only those who adopted the use of bitcoin will be able to experience this unique changes in their financial economy with bitcoin, it not everyone that uses this digital currency, but for the benefits of those that have the insight for identifying the importance of bitcoin and its applicable of their life, they will always continue to enjoy its usefulness while those that never adopted doesn't know what they are missing out because they never give a try on bitcoin and have a first experience.

I concur with your thoughts and ideas that Bitcoin might still hold many mysteries yet to be unfold and changed the way we conduct transactions and see value (money) in this digital era and the possibility of any occurrence regarding it's volatile nature, one who loves honey and goes to harvest it from the bunch of honey Bee 🐝 should also think about it's sting or should know that it stings (crypto be volatile) that is to say, who wants to invest into Bitcoin or crypto should also consider it's volatile nature and take responsibility.

fiat wasn't created to have a value that can't be used for the purchase of simple item. If fiat goes anywhere close to the hight Bitcoin has atained, it will automatically loose it relevance.

Bitcoin is decentralized and isn't in any form of competition with the traditional banking system. Regardless of the level of Bitcoin adoption in the global space, the traditional banking system will still be in use unless an alternative system comes into existence but even at that, the system has to be totally regulated by the government. What makes the financial sector balanced is a combination of both Bitcoin that's a representation of the decentralized system and the fiat that stands very useful in the centralized system. You can't assume that one is better than another.
I agree totally with you on this. I personally fancy the fact that I can be very wealthy and yet no one has the knowledge about it and I can just live a low profile life if that's what I want which is what the centralized banking system can't offer.
the banking system can also do this but the difference and the uniqueness that makes the use of Bitcoin a more preferable option is that you can carry out international transaction at ease without converting from one currency to another.

we have to learn how to create a balance in our concept of the advantage of Bitcoin over any other asset in the financial space. I believe that Bitcoin is the best digital asset but that's never a reason to discredit the fiat or to assume it's of zero relevance at all. In a smaller scaled transaction, the fiat is very relevant but when we talk about the broader picture and we're looking at doing international transaction or we are looking at a digital assets that is worth holding for the long term, that's where Bitcoin will always remain the best today, tomorrow and in the future.

Although you have to understand that Satoshi took a lot of inspirations from the cyberpunk group about the design of crypto. So it's not like he is the pioneer, he just have the perfect blend to make it more appealing with his design and the timing of his released coincides on the issues that we have during that time that's they it has gain like a cult following and now his invention is one of the best assets that we have.

So yeah, it will come to stay here, no matter what challenges that it will face. Bitcoin enthusiast are growing by the year and a lot of people are seeing Bitcoin as a hedge against inflation and that it can preserved their wealth. Of course, there will always be issues and problems that it had face and will face in the next decade. But I believed it will continue and there are no stopping this revolution.

Bitcoin has caught a lot of attention over the past few years due to its rapid rise and advancements in the cryptocurrency space. However, while many people are investing and watching its future potential, there are also plenty of skeptics. Some are worried about the extreme price volatility, which can often lead to significant losses for investors in a short time. On top of that, regulatory issues from governments in various countries add to the uncertainty, making some folks think twice before diving into the world of crypto.

On the flip side, the technological advancements of blockchain that underpin bitcoin are creating new opportunities. Many companies and institutions are starting to adopt this technology to enhance operational efficiency and data security. This shows that even though there are challenges, there's still hope and potential for a brighter future in the cryptocurrency world.

Ultimately, it's crucial for anyone looking to invest to do their research and understand the risks involved. With a solid grasp of the situation, they can make smart decisions and not get swept up in the hype. Bitcoin might still hold many mysteries, but one thing's for sure: it has changed the way we think about money and investing in this digital age.

Bitcoin market is always changing. It is never possible to get an accurate idea of what time the Bitcoin market is.
The position in Bitcoin today is not going to be in this position in the future but can move towards more bright possibilities.
Bitcoin in 2009 and Bitcoin in 2024 are not the same. In the course of this period, there has been a stark difference in the price of Bitcoin.
However, it can be said for sure that Bitcoin will go to a higher position in the future in the position of Bitcoin in 2024.

People are ditching Bitcoin for shopping purpose because it's too slow and too expensive:

https://x.com/shopinbit/status/1811651225005195471
https://x.com/CoinCards/status/1809702144288882870


It's exposed to the whole world  
It's transparent nature is the reason I hold my money in Monero and not in Bitcoin.

Bitcoin started as an idea which was first believed in by the Ideologist by the person or group of persons named Satoshi Nakamoto  but today it's not longer an idea but one which has come to stay.

Centuries ago (6,000 years or so) the entire world 🌎 bought and sold or traded by barter and there was a problem of rate or measure of exchange of goods to goods or goods to services and vice versa  until an idea of legal tender or money sprouted up by some persons or group of people who introduced legal tender (metal coins money) and there was a shift from trading by barter to trading with legal tender (Metal coins money) see References (https://www.creditkarma.com/money/i/history-of-money#:~:text=The%20barter%20system%20likely%20originated,gave%20way%20to%20modern%20currency.)

Today, in this era came another striking idea by Satoshi Nakamoto which gave birth to another paradigm shift in buying and selling or trading wit higher transaction speed,throughput, reliability, on the clock ⌚ functionality (24/7 hours operations) etc as against the traditional banking or other firms handling legal tender (Metal coins money) which a lot of people have tried (tested) and trusted which is the Bitcoin now and the idea and solutions or benefits emanating from it that has stood the test of time.

Bitcoin today has achieved a lot in the web3 domain such as
  I. Fiat dominance ( No Fiat currency now can equate to
     1BTC today)
  ii. Making traditional banking system less relevant in swift
     transacting both local and international.
  iii. Making one's wealth, net worth or capacity balance
     unexposed to third party such as account officers in the
     banks, spouses, friends, close ones, relatives etc which
     enhances high security and protection of the person and
     reduces theft, robbery etc

   iv. Shopping from a distance (from home or while at home)
     with ease.

Bitcoin has lots of potentials and yet to be tapped potentials and benefits in the future or coming years which is yet to be seen now and to me it seemed to lie or be embedded in it's halving cycle or life and from my observational point of view the more the halving occurs the more it's potentials and benefits unfolds.

Web3 to me, as I look ahead, seem to me to be the entire world or globe 🌎 comprising of the 7 continents revolving on a spot (Bitcoin) and Blockchain is the connector or linker 🔗 in chain-like ⛓️ fashion and multiple dimensions spanning the globe (7 continents) aiding not only multi dimensional transactions but also enhances seemless activities at one's convenient.
While Bitcoin is to me like the padlock (key) of which is used to luck or bind together the points where the terminals of the chains at the edge intercepts of which to me is the point that effects lots of changes on the system for now because Bitcoin gapping is tremendous.

Please your opinions, thoughts and corrections are
welcomed.