has bitcoin achieved its goal? - page 3.

Fredomago

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Quote from: Dokdo766 on December 05, 2020, 09:59:23 PM

Bitcoin has accomplished a lot over the last few years and deserves a lot of credit for it but has not achieved its goal yet. Bitcoin is set to achieve global protection whereby everyone will accept its use in terms of payment methods and apply it to their business and transactions.

How come that this becomes a Bitcoin Goal? bitcoin is being used now and that is the Goal,if you are looking for the worldwide adoption then it is "US" who must have that goal because Bitcoin will never benefit from us,instead we are the one who will benefits from using bitcoin.

There are many countries that letting this to circulate while there are also many who does not.

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Bitcoin has achieved its goal a long time ago when it went from $1 to $100. It has millions of users all over the world. Bitcoin will have a billion users in the next 5 to 7 years. It's on the path to becoming a worldwide currency. So I think it will achieve many more milestones soon.

well it's not the value that matters anyway for the goal,but the opportunity of being use for transaction ,and this is what we are doing now.

heztida3

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I don't think bitcoin has achieved it is objective yet fiat cash is even more commonly used for business and trades the whole world support it and the trade system is significantly less complex bitcoin customarily rises a ton subject to its premium depends upon the market and how you do it despite the limitation on virtual money trades in various countries the public authority is excited about blockchain advancement. The public authority has similarly dispersed this territory in the proposed monetary arrangement to take the automated country forward.

Traderbtcc

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Achieve it's goal? Did you set any goal for bitcoin? Cheesy

Unlike those altcoin projects out there, bitcoin doesn't have a road map which stated that it will be fully adopted by everyone, the main goal Satoshi had in mind was to to introduce an electronic p2p currency which can be used for daily transactions and can not be controlled by anyone not even the government, so for him bitcoin has achieved its main goal, you can check out the bitcoin whitepaper so you can see for yourself.

mersal

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Quote from: Dokdo766 on December 05, 2020, 09:59:23 PM

Bitcoin has accomplished a lot over the last few years and deserves a lot of credit for it but has not achieved its goal yet. Bitcoin is set to achieve global protection whereby everyone will accept its use in terms of payment methods and apply it to their business and transactions.

Still a long way to go, only now the prices are getting more expensive but in terms of its usage still people hesitate to use bitcoin and also not much place to spend their bitcoins but still we are too early to say anything, it may take few more decades for cryptos to be completely recognized as payment mode not just only as an investment scheme.

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Quote from: Dokdo766 on December 05, 2020, 09:59:23 PM

Bitcoin has accomplished a lot over the last few years and deserves a lot of credit for it but has not achieved its goal yet. Bitcoin is set to achieve global protection whereby everyone will accept its use in terms of payment methods and apply it to their business and transactions.

It depends on how you’re seeing the goal. If you’re talking about being a peer to peer which I know is how it was defined by the developers of Bitcoin, that was achieved the moment they released and people started using it.

If you’re talking about being a global currency (which is kind of similar to what the developers had in mind as well) well, it kind of have also accomplished that too because it is now a currency that is working in so many countries and there are lots of using it. Then if you mean investment, well that was not part of the goals the developers had in mind, but Bitcoin is today considered as one of the best assets anyone can hold.

evichi

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We still have banks controlled by third party. One of the purposes of bitcoin is to be your own bank. Fiat currency is very much in use. While we are now able to send money borderless, some countries are yet to adopt cryptocurrency. Bitcoin transaction fee is still expensive. In effect Bitcoin is yet to achieve its full goal. Perhaps other altcoins might achieve what Bitcoin is meant to achieve unless the technology behind bitcoin improves - example, Lightining network.

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Quote from: Dokdo766 on December 05, 2020, 09:59:23 PM

Bitcoin has accomplished a lot over the last few years and deserves a lot of credit for it but has not achieved its goal yet. Bitcoin is set to achieve global protection whereby everyone will accept its use in terms of payment methods and apply it to their business and transactions.

What do you means about her goal. Now a day have many country give and take payment method in bitcoin. Many people create Her business transection in bitcoin.

ichi

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I don't think bitcoin has accomplished it is objective yet fiat money is all the more generally utilized for business and exchanges the entire world backings it and the exchange framework is a lot simpler bitcoin ordinarily rises a ton dependent on its interest relies upon the market and how you do it notwithstanding the restriction on virtual cash exchanges in different nations the public authority is keen on blockchain innovation. The public authority has likewise distributed this area in the proposed financial plan to take the computerized nation forward.

dizzy1996

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In my opinion, bitcoin has not yet achieved its goal in full, both in price and in terms of implementation, since we can see blockchain technology is not particularly introduced into our lives, since many large corporations are still speculative about bitcoin and will still leave many years for bitcoin to take its place in the field of digital assets

Ayiranorea

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For now it has reached almost 50% of its goal. Maybe by the time of entire volume getting mined people will be having good knowledge and the usage will reach high. Probably 100% of people will be known about bitcoin, and atleast 60-70% of the people will be using it in some way. When this gets happen the goal gets achieved which is the elimination of the intermediary.

dupee419

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Quote from: Dokdo766 on December 05, 2020, 09:59:23 PM

Bitcoin has accomplished a lot over the last few years and deserves a lot of credit for it but has not achieved its goal yet. Bitcoin is set to achieve global protection whereby everyone will accept its use in terms of payment methods and apply it to their business and transactions.

Bitcoin does not have any kind of goal that would entirely make them stop to achieve more in the future, I honestly think that global protection would be one of their many goals in the future, and if we're talking about the future here then it's not a good factor for one business to settle for less when you could settle for more, Bitcoin is set to achieve milestones rather than goals, and I think that is also the objective of other cryptocurrencies.

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Quote from: k-mikael on December 10, 2020, 05:38:22 PM

Overall, Bitcoin has made giant steps towards achieving it's ultimate goals. However, there's still a long way to go, and I'm rooting for it all the way

Well bitcoin achieved its goal from the very beginning when people know its usage. But we all know a lot of improvement will cater for this to widened its use. Some treat this as an investment but they didn't know there’s more to that. Apart from they can invest there’s more improvement on to use of buy good and services the capability to achieved these goals despite the slow adoption. So let’s observe in the coming years for sure more adoption will happen.

AndySt

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Quote from: Debonaire217 on December 10, 2020, 10:00:21 AM

As far as I can remember, Satoshi Nakamoto didn't state a specific ultimate goal for bitcoin. Most of the use case of bitcoin is just getting discovered as people embrace innovation in cryptocurrency space. IMO, bitcoin's goal will only be achieved if third-party institutions will not interfere to control the Bitcoin network itself but up to now, it is still impossible for them to impose regulation on it. What they can just do is to regulate exchanges and platforms that allow the transaction of Bitcoin. That likely means that the ultimate goal of Bitcoin is preservation which is really hard and we will see it after decades to see if Bitcoin's whitepaper is still being considered by the people in their transactions.

Still, it seems that Nakamoto hardly wanted bitcoin to become a toy for exchange players. On the contrary, I have recently developed a strong feeling that bitcoin, on the contrary, is narrowing its use cases and is increasingly becoming an asset that provides opportunities for speculation and investment for financial players. And all emerging derivatives focus solely on this, taking transactional and payment opportunities to the back burner. And let's not forget that the main majority of bitcoins are dead weight on user accounts.

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Quote from: Dokdo766 on December 05, 2020, 09:59:23 PM

Bitcoin has accomplished a lot over the last few years and deserves a lot of credit for it but has not achieved its goal yet. Bitcoin is set to achieve global protection whereby everyone will accept its use in terms of payment methods and apply it to their business and transactions.

Yes, Bitcoin is not yet in its final form yet. There are still lots of improvement rooms remaining on Bitcoin that has not been discovered yet. Who knows in later year we could see something really revolutionary on Bitcoin that could change the entire path of Bitcoin and Bitcoin will be used in so many different factors later on so yeah, we can expect something good later.

k-mikael

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Overall, Bitcoin has made giant steps towards achieving it's ultimate goals. However, there's still a long way to go, and I'm rooting for it all the way

TedMosby

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you can read this sentence on bitcoin whitepaper,
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution"

there's no specific purpose mentioned on the whitepaper. according to the whitepaper, bitcoin purposes in general is:
1. to become P2P electronic cash.
2. independent, no financial institution needed (trustless).
3. to prevent the double-spending problem.

bitcoin already showed the capability to achieve these goals, despite the scalability problem and slow adoption to become a regular electronic cash system.

Debonaire217

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As far as I can remember, Satoshi Nakamoto didn't state a specific ultimate goal for bitcoin. Most of the use case of bitcoin is just getting discovered as people embrace innovation in cryptocurrency space. IMO, bitcoin's goal will only be achieved if third-party institutions will not interfere to control the Bitcoin network itself but up to now, it is still impossible for them to impose regulation on it. What they can just do is to regulate exchanges and platforms that allow the transaction of Bitcoin. That likely means that the ultimate goal of Bitcoin is preservation which is really hard and we will see it after decades to see if Bitcoin's whitepaper is still being considered by the people in their transactions.

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Quote from: mk4 on December 05, 2020, 10:32:17 PM

Quote from: ranochigo on December 05, 2020, 10:03:35 PM

I don't think there is any pre-defined goal for Bitcoin,

Exactly. Because who's going to decide on what the definite goal is? Remember those altcoin projects that has pre-defined goals and specific roadmaps? There's a reason why Bitcoin doesn't have one— because Bitcoin doesn't have a centralized team that's making decisions for the project.

I think bitcoin still not achieve his goal. In my opinion right now bitcoin price and his profit is very low. Before 2 year bitcoin was very strong but right now is not. Bitcoins amount decreased day by day. But i think it will be increase very soon.

jademaxsuy

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yes, as an asset and a digital currency where you can use bitcoin to buy goods and products to some establishment that offers to accept bitcoin. However, most of the bitcoin users are only after their bitcoins as an investment or asset where they can get their funds over a period of time and get some profit. Yes, this is how they do and fortunately it works where many had earn through bitcoin. Well, not all for others are making losses too but that is part of learning on how to become successful in bitcoin investment.

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Quote from: Dokdo766 on December 05, 2020, 09:59:23 PM

Bitcoin has accomplished a lot over the last few years and deserves a lot of credit for it but has not achieved its goal yet. Bitcoin is set to achieve global protection whereby everyone will accept its use in terms of payment methods and apply it to their business and transactions.

bitcoin is a goal. but now there is only one bitcoin problem, namely the regulations in each country are different and also not all countries accept bitcoin for direct payment methods, so this must be considered in the future.

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