Topic: Have people forgotten why bitcoin was created? (Read 516 times)

People who are using bitcoin as a main or half income, dont forget why it was created, but why they should care about it, if it gives them some profit?
Also i dont think that we should compare such things, what bitcoin was before and why it was created and the real thing what bitcoin is at the moment. At the moment BTC has a value all over the world and it opened doors for a really awesome projects to be realesed.

I think most people value personal finances more than making the world a better place.
While the former has a concrete value for them, the personal value of the latter is quite abstract.
Ideally you can contribute to a project which works both ways, but it is not easy to do so.
Often you start with a lot of idealism and end with only doing your job.




 

The answer can be simple.Look around in Bitcointalk, if you ask them, are they interested to make money speculating with Bitcoin. 100% will tell you YES. Ask to the same are they interested to have a full control over their money by using a decentralized system, ect. Most will tell you I don't care, I just want money, no matter if the system is centralized or not...
I guess and their priority is not the same

thankfully there are still some projects I consider to be good like monero and the upcoming mimble wimble (as long as mimble wimble doesn't have an ico that is lo)

but yeah if people keep steering things this way it doesn't just end up looking bad on them but it makes bitcoin and real innovation look horrible as well

yeah bitcoin was created to replace the corrupted monetary system we have today and it's doing well, but altcoin are needed for those that miss the bitcoin train and now find that is too expensive to buy many coins, and they can only buy 0.xx amount of bitcoin which is not satisfying for many, bitcoin still si the only coin that can be used as a currency and will always have an edge on the altcoin scene, perhaps in the future we will get another coin to be used as a currency? litecoin? who know

It's like an honor system where you leave a jar of money on the table saying take one dollar.
Well.. all these guys here will empty it in a heart beat.

Morality is of no concern to these profiteers.
They want money and they want it NOW !
Even if it destroys Bitcoin / Crypto's potential.

I have always said it's the majority in control.
Since the majority are steering the ship they will run it aground for chump change.

Ideology in crypto died a long loooong time ago.. Ripple anyone ?
Uhhh ? *ANY* ICO ?
ICO = SCAM.

I have thought it happened because the dev's could not think of a better system than Bitcoin or the block-chain concept.
So they simply diverted attention from creating a better CURRENCY to block-chain associated SCHEMES ..for profit.

The users in crypto are so fucking stupid it didn't even occur to them that there may be a better system than "the Block-Chain"
But who's looking ?

ICO a "ledger" and trade it on Polo for ROI's ?

The #2 coin in crypto is not even a fucking currency for christ sakes.

It's real simple.. CRYPTO FAILED !
Bitcoin is fucked up bad and all the idiots care about is profits with ICO schemes etc.

I don't expect anyone to smarten up.. just to see more greedy stupidity until it pushes things to the breaking point. (which is why i deem it "stupidity")

When I first joined the crypto space, I loved it because it was all about giving back power to the people letting them take control of their own finances through a decentralized system. Sticking the middle finger up to banks and the government, with the current disastrous fiat system.

But now things have changed, it feels like more then 80% of the space is more concerned about riding the next pump and dump and profiting off other people's losses, most of the current ico's that have taken place in the last year don't even have a working product and even then many still require a centralized figure in the project to work later on which throws the whole need and idea of a decentralized blockchain out the window. yet people still buy in to these ico's not because they believe in the project but because they believe they will be able to sell at a higher price or they do believe in the project not realizing what they invested in never required an ico because it's not decentralized and will always require a central figure.

I liked bitcoin because it helped people against the greedy banks and corporation in the world but it feels like people have forgotten that or just don't care as long as they make a huge profit at the end of the day at other people's expense.

madbitcoins had a very good discussion about this just the other day
https://www.youtube.com/watch?v=TvaC8ObV4s0


even projects such as rarepepe's and pepecash seem to have more of a purpose then most of these ico's which is a pretty sad thing to say if you think about it.

Even the shittier currencies that are just trying to be better then bitcoin have more of a purpose because they are a good testbed for different idea's on payment systems but those have crazy messed up pump and dumps as well.

at the end of they day when most of these project fail which most will many people are going to end up losing a lot of money.


When you invest in an ico as well they have no obligation to make an end product, even if they do their best to they could fail or they could just run off with the funds from the start or sell a huge chunk of the tokens them selves which happened from many devs in ethereum.

when you invest in something that isn't regulated they have no obligation to their promises. it's in fact very similar to the many scams that have happened on indiegogo or kickstarter