Topic: Dear Bitcointalk Community, please change your perspective about Bitcoin! - page 3. (Read 2668 times)

I agree with your basic premise, but there is also the idea that we are not going to tell each other what to do with our money. That is the hard part about freedom. Freedom is not when you get to do what you want. It is when you are willing to allow others to do what you don't want them to do.

Yes it is true that wanted satoshi with this digital money in order to facilitate to transact, But there is no harm too if bitcoin serve as an investment asset because this is a technological development made by someone so it can facilitate how to invest through the internet.
I think the role of satoshi here is only people who create the existence of bitcoin or digital money, But bitcoin can be like until now it is not done by satoshi but by the developers of technology so much to invite the investors who enter into it.

Your argument is right and it shows that you took time to read the white paper but I don't believe the objective of Satoshi has been defeated because bitcoin will not just overtake banks all of a sudden but a process and that process is what is being going through now and that is why it seems defeated and by the time the population has grown to make that change, I am sure less value would be generated using it as a digital asset or otherwise.

You can't fight with a world, all comes down to making profit in the end, that is why we get up in the morning and go to work, that's why we are doing so many things, bitcoin is not much different.
Yes Satoshi created something good, something   revolutionary, but where are the first people behind him? Do you think he is the first guy with great ideas? You should mention who is making this fees high? Why transactions are slow? Who is making fortune on this fluctuations, you need to answer on this question, who is the driver in this train!?

The blockchain technology is new to the people and it is very great if the world can use it for good purposes. However, it is very hard for bitcoin or some other altcoins can be used worldwide and replace other types of currency. The new technology will be used along with paper money and both bitcoin and FIAT will still exist in the futre

As I see it Bitcoin represents the idea and the use of the Blockchain technology.
This technology is a huge thing and with or without the Bitcoin it will be a huge part of the future of tech.
Not only transactions but many other uses for this technology.
The Bitcoin is just a symbol of this technology.

As a degenerate bitcoin gambler, I personally feel slighted that you did not include us/those who utilize bitcoin to gamble in your Bitcoin Social Justice Warrior rant. Don't we bitcoin gamblers also, in your words, "rape" Satoshi's view by only focusing on gambling with bitcoins? I am indignant and feel you are discriminating against us and I demand we be treated equally based on the fact that we bitcoin gamblers too can be just as selfish and greedy as those who focus on the price of bitcoins on the exchanges.

As far as a better world, wealth and capital contributes greatly to making the world a better place. I'm not saying money is the only means by which our world can be improved, but it does play a mojor role in funding developments and innovations that do make the world a better place. But by all means, stay up there on your high horse and presume to tell others what and how we should think.

I fully agree with your disappointment, mine is the same.  However, I think that the problem - in as much as it is a problem, which it seems to be to you, and it is also to me - that bitcoin and the other crypto currencies are mainly speculative assets ("bricks of gold") and are not so much a payment system after all, is not due to "the community betraying Satoshi", but rather, that it is a fundamental design error in bitcoin.  At least, if Satoshi didn't want it to become a speculative asset, but a payment system.

What turns bitcoin by design into a speculative asset, and what makes it impossible to become a good payment system, is the emission curve of bitcoin: the fact that bitcoin was created a lot when it wasn't worth much, and has a decreasing supply when there's an increasing demand and adoption, even making this supply drop to zero.    As such, you get early adopters that enjoyed HUGE amounts of seigniorage, and could become rich with very little risk, investment, and effort, while having something whose increasing rarity is boosting the price.  It makes for great stories of getting rich quickly, people not wanting to miss the train, fear of missing out, .... everything which makes for the better greater-fool game.

Bitcoin has been advertised from the start as "you know, there will only be 21 million coins, if this is going to become the worlds' money, can you imagine how much one coin will be worth, so buy some now for a low sum and be wealthy in a few years !"

The "limited amount of coins" and the wealth of a few early adopters has made bitcoin into a "get rich quickly" machine, not into a "good stable payment system".   Sound money theory with huge initial seigniorage (an oxymoron in itself) is the flawed economic model of bitcoin, instead of Nash's ideal money theory.  It is a flawed theory for a payment system, but it is the perfect design for a huge greater-fool game, also known as a pyramid scheme, which is what bitcoin became - because it was designed that way.

Most other crypto has the same design flaw, which turns this whole thing into a joke as a payment system, but which turns it in one of the better financial gambling feasts in town.  And pumping, it will !  Visibly, financial institutions have too much money on their hands, and have been restricted by law to gamble.  They are longing to be able to gamble on crypto, and this will be the origin of the next big financial crisis.

Yes,OP might have said true.But when bitcoin has capacity to provide so much salient features,then why not make use of it?That's the thing world is doing today.

Like it has anything to do with what the guy said, whenever he is getting a tip for his words or not it doesn't change the facts or that he is right or wrong.
I was always considering BTC as a "regular" money, not some mysterious asset/virtual gold etc.
Store of value happens anyway, just because bitcoins Are revolutionary and regardless of it.
Nothing wrong with being paid to speak and I think he is right, almost no one from my surrounding is looking at BTC as on money to be used on daily basis, profit possibility clouded the idea. Can this be changed? I really don't think so, people always going to be people with a little, green, greed goblin inside them.
 

Bitcoin is a digital gold, because just like real gold it's slow and expensive to move. At it will stay like that until the scaling problem is solved, so pick your side in the ongoing debate and wait for the outcome.
 And where is Satoshi in these hard times? He disappeared long ago without any explanation, so how can you blame people for using Bitcoin for making money via trading it, if there's not much else to do with it?

1.  Bitcoin's price on exchanges indicates its level of adoption and how much people have supported it.
2.  The price represents what you can buy with it, it's just a way of measuring Bitcoin's value.  With its current volatility you can't just pretend the value has stayed the same, and that's essential when buying something.
3.  Storing value in Bitcoin will be essential in the future because it helps to keep the price stable.
This is just capitalism.  As long as people continue to think there's a "greater fool" to buy it off them for more, there will be more users and eventually this will make it revolutionary again.

Dude, i salute you. You have a great perspective. But you see my friend, all of these thingsthat happened in the past and still happening to bitcoin today is not something you can call a bad thing. Yes, it might not yet be what satoshi wanted, but these people today who sees bitcoin as what they see it is a very important milestone for it to reach satoshi's dream. Because you see, if the less fortunate people didnt see bitcoin the way they did or do today, they wont be attracted to it, and it wouldn't have gotten where it currently is today.

Now, you see my friend, my point here is that everything may not be as what it seems or what you see today may not be the same tomorrow for it can change and become entirely different depending on the things that affects it. And that is why we have trial and errors, this is why we choose to experience rather than stay on the safe lane, so that we can succeed and if fail, we can learn and with every knowledge we gain, we improve. There are no shortcuts for the greatest things in this world. Everything needs to be done step by step to be molded precisely to become as to what it needs to be.

So with that being said, i know that time will come when satoshi's visions and dreams for bitcoins will surely come true. But today is not the time yet. All we can do is wait and do our part as the early users of bitcoins and spread the knowledge of bitcoins to everyone. It is not a job but a responsibility that we all meed to do. This is not just for you, me, or anyone in this forum, but for every man walking this planet that deserves to live the visions and dreams of shatoshi. This is for a better world.

it's good to see a lot of people get interested in bitcoin , but when the majority bitcoin user have a purpose to make it as a digital asset then the main purpose of bitcoin invention as a payment processor could get disappeared slowly. always needed to remind people about this , greedy sometimes make people forgot about the beautiful bitcoin purpose for the better financial world.

Actually, many of the pages as bitcoin.org makes me feel a lot of things. Surprise, amusement, sadness. But also... https://bitcoin.org/en/you-need-to-know is quite important. For me, the bottom of that page is a "warning". Bitcoin is still experimental.

By the way, it's unfair to say they are doing nothing. And unfair to say they are advertising.

I agree, Bitcoin is not just a toll to generate wealth for the Whales. It has technology that may be able to solve many of the World's problems. I am more interested in the blockchain applications myself and my Wife is more the trader/asset manager. She just showed me a new a company that won an innovations award in the U.S as it wants to revolutionize healthcare in the world at large. It's projects like this that give me hope that the future might be bright because of blockchain technology and Bitcoin is the offshoot of that.

You've just described Dash, which aims to be (real) digital cash.


Anyway, what the OP said makes sense. Bitcoin is going to the wrong direction, yet they do nothing.

What you feel when reading this page: https://bitcoin.org/en/innovation ? It feels like false advertising.

Yes, we all like to make profits. But there's something more important than just make money.

We could and should do a revolution. We have the power to it.
It will be, maybe, the greatest revolution of all times: decentralized money, a monetary systems not owned and controlled by governments or banks. This is my dream, but it's sad bitcointalk community seem to stay here just waiting for an increase in Bitcoin price...

The Anarchist label brought a lot of criticism from the general public. They do not care what the goals of Satoshi was for this technology. They will care once their financial freedom and privacy are influenced, but for now they are not experiencing it, so it is a non-issue for them.

The people from Greece have experienced first-hand what government corruption can bring and how involved banks are with these governments. You will always see more interest in alternatives technologies, when the original technology/entity misuse their power.

First, thank you very much has spend your time for write it, this is a good thread and very detail!
Yeah, I think Bitcoin will change payment system on the world's in future. It will replace old system: Banks, Paypal, Visa... and become to a currency freedom, not managent by any country, anyone!