Topic: DID SATOSHI EVER THOUGHT TO MAKE BITCOIN A MAINSTREAM CURRENCY? (Read 581 times)

You can interact with the real Satoshi xD
Send a tweet to that lunatic, Craig Steven Wright xD

Just kidding ...

I wish Satoshi (whoever he/they are) is still alive and keep smiling ;-)

You know, what scares me?


xD

I believe that he was not thinking to make this big also, but just another alternative method of payment. It will always be a mystery for us because we can't interact with the real Satoshi and will not know his real disposition towards bitcoin. But in any case, I don't want to dwell what he really thought of or his objectives for bitcoin, just be grateful that bitcoin came into existence.

I think he was already known that his invention and discovery will become a mainstream soon. In fact, I think there is already a conspiracy regarding with bitcoin popularity. It may be a hype right now and it will become the main currency of the future. Bitcoin is the most unfold discovery in 21st and I think that is the greatest contribution when it comes in currency in our era.

Have you guys ever wonder if Satoshi ever thought bitcoin he created might turn out to be a huge success and as a result of this neglected his private keys and went into hiding after seeing the upsurge of price of what he created.

What if Satoshi is depressed right now because he doesn't have access to his funds

According to the whitepaper which he provided i think he was quite clear on this and that was to create a digital currency that could be use to as a medium of payment for gooods and services in our daily lives. In the layman terms exactly the same way in which we use fiat currencies and that is why we recorded an event where someone used 10k bitcoins to purchase pizza. Satoshi wanted this and that is why he created bitcoin and not to be used solely as an asset for investment.

Q: Did Satoshi ever thought to make Bitcoin a mainstream currency?
A: TL;DR Yes.


Let's analyze it very briefly and reasonably logically.

For analysis, we will use Satoshi Nakamoto quotes and try to be more logic than intuition.


In this quote, Satoshi clearly shows his vision that in about ten years from now, the transaction volume will be very large.
Of course, his genius brain doesn't allow him to take it for granted, he adds "or no volume.".

Satoshi Nakamoto as the creator of the technology deserving of the Nobel prize, probably doesn't abuse words such as "very", "large" etc.
It seems that Satoshi Nakamoto dream was to beat all records in his range. Bitcoin range.

However, the more obvious quotes suggesting what Satoshi vision was, we can find at the beginning of the Bitcoin Whitepaper:

We live in the Internet age.
Most of the products are sold through the Internet. Satoshi knew it very well, he was not someone who doesn't understand the world that surrounds him, but on the contrary.

The above quotes are not "start-up promises" without coverage, but a description of the technology he created.
It therefore seems obvious that by creating a modern competition for current payment systems, cheaper, safer and faster to transfer, success and global adoption are simply obvious in today's world.

You can ask, "so why Bitcoin is not accepted everywhere? It's been 10 years already ..."

It's a subject for deep analysis,
this is largely due to the errors of human greed, but there are many factors.

Even if most companies still don't accept Bitcoin payments, there are many competitive digital payment methods that are quite popular and they were created shortly after Bitcoin.
Bitcoin definitely gave a very good example and thanks to the Lighting Network and not only,  competition can't sleep for sure.


At this moment I will finish, because I have to code xD


Have a great day,
best wishes.

I do accept this argument as he wanted bitcoin to be a safe and secure optional payment method for the entire world far away from any central authority to control the market but i am not sure whether he was against the banking system as a whole as we need a collaboration of banks too in order to make things work smoothly but he never anticipated this will get this much exposure during the starting phase and he was worried about his safety and hence he might have disappeared.

Satoshi's vision for Bitcoin is not a secret, he wanted this technology to be a alternative P2P payment option for people who got fed up with the current Fiat and Banking system. He showed his motive in the Genesys block, when he entered the link to the news paper clipping about another government bailout for Banks during the financial crisis in 2008/2009.

I think it grew much faster than what he/she ever anticipated and he also went into hiding because he knew what would have happened to him/her if they ever found him/her. 

Maybe he thought that maybe he did not think that.
We don't know about that, but one thing that we know that he created bitcoin/cryptocurrency to solve the financial problem.
I think he has a dream to see bitcoin become main currency for all people from all countries because I am sure that one thing was created, the creators should have goals that he wants to reach and so do with bitcoin.

Satoshi, if he existed in reality (Gosh, nobody knows this still!) did not think about making the mainstream currency. I think he was just doing it for fun first, and only later he understood that he made a revolution.

Thats some really interesting info never knew that it happened like this but yes what you are saying is obviously correct that he might have never thought that it would become such a popular currency or means of settlement. But despite of that I think that we can still not think of making it something like a national currency due to scaling issues.
No matter how close we move towards making it a mainstream currency we would still be never able to achieve the dream of it. Solely due to the fact that Bitcoin remains a technical currency operable merely using computers or atleast mobiles while most of the world is still not able to read or write properly.

I think in the first place Satoshi doesn't expect it to be mainstream currency, he just want something decentralised so people can have more privacy transaction, but along the way people found its a really convenient currency to used, so the one that want it to become mainstream currency is the users

He might not anticipate that it would explode like this in a short period of time, this was an experiment and he wanted to be anonymous and he just wrote the initial stuff and we really do not know how he would have sorted the transaction bottleneck issue if he was active, the reason he went off is because Wiki leaks started collecting donation in bitcoin and that spooked Satoshi and then when Gavin met with the authorities that was the day he went offline i believe.

Probabily as good mentality to avoid all that he stated as to make fiat converted into something everyone could be using without any fuzz about such as bank conversations and government middleman actions.
You can already see it as a mainstream in practice where everyone is able to exchange with someone who you could not trade so simply as before.
With these exchangers we are able to be one step closer to our unknown buyers and sellers and that's what it makes already being a mainstream currency.

I have always been of the opinion that bitcoin was created so that people can make financial transactions without intermediaries, bypassing banks and without leaving home. This is primarily very convenient for people.

I don't think that in the time when Bitcoin was crreated Satoshi had idea to make it as a mainstream currency. Creation of Bitcoin was response to the financial crisis, an alternative to corrupt banking system but I don't believe Satoshi was thinking that far. And I'm sure that based on the platforme Bitcoin was made and the way it was functioning Satoshi new that it will not replace fiat currencies and I don't think this was his intention.

Certainly he was thinking about it, and that was clear in the white paper or in his initial responses, he wanted to make a fortune in the world of money and the way to save and transfer money and I think that succeeded

But unlike this what I think is that most of crypto and bitcoin enthusiasts actually want it the other way. They are keenly focusing on how to inject cryptocurrencies into the financial system of countries and pave a way for mass adoption. We all know that governments would even not allow bitcoin as a secondary currency or a means of settlement alongside their national currency due the anonymity it has.

Moreover, most of the people around the world don't really bother about P2P they don't have much of a problem with an intermediary in between. So basically bitcoin would remain like this only even for years to come?

I also think he want to make a more easy to send transaction and not like when send bank transfer and wait days, if i send on weekend bank transfer i not get it until working days, but bitcoin is the best to use anytime.

In my opinion, all he wanted was to develop a currency which would be anonymous and easy to transact over a network while passing through the consensus.
He created bitcoin to achieve the following and made it such that it solves all the problems he ever imagined. Fortunate or unfortunate that he decided to let bitcoin grow on it's own.
Basically whatever he did was planned and so we can't say that he never thought bitcoin would go mainstream someday. He must have thought about it which is why he created bitcoin at first place.