Topic: Have Satoshi dream failed? - page 2. (Read 743 times)
I don't know in detail what satoshi's dream is, but when I read articles or listen to YouTube about the story of making bitcoin, the hope is to make bitcoin an alternative payment system that is done directly without the need for services such as banks, and in my opinion this function has been achieved even easier To send bitcoin, namely by scanning, so you don't need to copy and paste the address again.
If we compare the current reality of bitcoin with the dream of satoshi of course it will fail, bitcoin is now a speculative asset, people don't want to transact with bitcoin because most online payments do not yet provide a bitcoin option, what is happening is that there are more and more exchanges that only trade bitcoin so that people have bitcoin as their goal is for profit not for transactions.
I can't understand how Satoshi's scheme actually failed. Considering the age of Bitcoin since its inception and the huge number of services that accept Bitcoin payments, in addition to the revolution in the field of digital assets and smart contracts, I believe that Satoshi's vision succeeded at a much faster rate than he himself expected. I expect he is sitting today smiling and watching how the world is changing.
It could be said that Satoshi's dream failed, look at the current condition of bitcoin, the daily transaction volume can average $ 15 billion, but only trading on exchanges, not peer to peer, exchange owners are certainly rich people even though they only set fees below 1%.
If satoshi was still alive and saw the current condition of bitcoin, of course he would be surprised, it could be said that bitcoin has lost its main function, namely as an alternative for payments other than fiat, as we know that currently bitcoin is only kept by people in the hope that prices will skyrocket in the future so he become rich, and speculators often do this to get richer.
Well, I'm sure he's still alive today, it's just that no one knows where he is. Even so he must also monitor the development of bitcoin from afar. I think the main function of bitcoin as an alternative payment is still there in a few places that are rarely exposed, but it's very difficult to find it. So far, bitcoin is only intended as an asset and there's nothing wrong with that, because when people want to have bitcoin, of course they have to buy it from an exchange and that makes the price of bitcoin go up, isn't that a positive thing? 
Satoshi's dream was impractical to some extent to be honest. Expecting a payment method to be 100% decentralised is wishful thinking. However, BTC is still decentralised to a large extent as long as you follow proper procedures.
BTC and other popular cryptocurrencies will always be way more decentralised for obvious reasons when compared to other financial currencies.
BTC and other popular cryptocurrencies will always be way more decentralised for obvious reasons when compared to other financial currencies.
If we compare the current reality of bitcoin with the dream of satoshi of course it will fail, bitcoin is now a speculative asset, people don't want to transact with bitcoin because most online payments do not yet provide a bitcoin option, what is happening is that there are more and more exchanges that only trade bitcoin so that people have bitcoin as their goal is for profit not for transactions.
From my point of view, Satoshi's goal or dream failed completely. The majority does not even know and even does not intent to find out how Bitcoin and blockchain technology works. All they know is the name of the product that made someone rich, that they dream will make they rich, the product is demanded and traded widely. If we replace the word Bitcoin with something else, and gives same profit results, nothing will change much for those people. That is why I think dream has failed.
If we look at Satoshi's original goal of creating bitcoin, it's clear that his dream has failed. Satoshi's goal is to create a peer-to-peer digital currency that is not controlled by anyone, but today, we have turned bitcoin into a profitable investment and traded on centralized exchanges, nothing more no less. Bitcoin is still decentralized, but its intended use is no longer correct. Satoshi's dream failed because of our behavior, not because of his fault.
What I've heard that Satoshi's biggest dream of making bitcoin is to present a simple, fast and low-cost transaction system solution, if we compare it at this time of course it can be said that his dream failed, bitcoin is only used for trading or speculation, stored for the long term because it hopes the price will skyrocketed, the transaction speed is also getting reduced, and during a busy session the transaction fees are very expensive.
If truly we are all here to share crypto experiences then this is another one, I could be the one lacking the knowledge but I believe creating this topic will open my eye to better understanding.
Satoshi Nakamoto created Bitcoin as the perfect P2P digital money but today people are forced to pay tax on their holdings. Haven't this make the whole anonymous and freedom dream of Nakamoto failed?
Satoshi Nakamoto created Bitcoin as the perfect P2P digital money but today people are forced to pay tax on their holdings. Haven't this make the whole anonymous and freedom dream of Nakamoto failed?
The dream of Satoshi Nakamatu was to give us a corruption free financial system , this dream has been realized to some extent but it won't be fully released unless mass adoption of takes place and Bitcoin is widely accepted for buying goods and services, it might take long but it will happen.
Bitcoin is a big success in a way that it created many millionaires from middle class who had strong faith in its potential to become fast growing asset and invested in it when nobody was interested to buy it.
If truly we are all here to share crypto experiences then this is another one, I could be the one lacking the knowledge but I believe creating this topic will open my eye to better understanding.
Satoshi Nakamoto created Bitcoin as the perfect P2P digital money but today people are forced to pay tax on their holdings. Haven't this make the whole anonymous and freedom dream of Nakamoto failed?
The problem you mentioned becomes relevant if btcoin is converted to fiat. If you don't do this, then there is no problem. Nothing will stop you from using bitcoin, buying or selling for BTC P2P and remaining as anonymous as possible. In general, the dreams of Satoshi about bitcoin are quite real. All that is required is to fulfill them if you are an adherent of these ideas. Satoshi Nakamoto created Bitcoin as the perfect P2P digital money but today people are forced to pay tax on their holdings. Haven't this make the whole anonymous and freedom dream of Nakamoto failed?
From my point of view, Satoshi's goal or dream failed completely. The majority does not even know and even does not intent to find out how Bitcoin and blockchain technology works. All they know is the name of the product that made someone rich, that they dream will make they rich, the product is demanded and traded widely. If we replace the word Bitcoin with something else, and gives same profit results, nothing will change much for those people. That is why I think dream has failed.
I agree with your opinion that what Satoshi perceived about Bitcoin as peer to peer method of payment without third party intervention, unfortunately reality is different and Bitcoin is being perceived a kind of investment instrument which can make you rich overnight. But I am optimistic that in future it will be adapted as national currency as done in Salvador where the experiment was not so successful but some more countries may follow this example in future.
If satoshi was still alive and saw the current condition of bitcoin, of course he would be surprised, it could be said that bitcoin has lost its main function, namely as an alternative for payments other than fiat, as we know that currently bitcoin is only kept by people in the hope that prices will skyrocket in the future so he become rich, and speculators often do this to get richer.
Satoshi's dream was done and over the moment Bitcoin was released and the people started using it. Whatever happens after that is basically the fault of the user themselves since they adopted the system Satoshi made, to another system (whether it be for ease of access or whatever). It was solely the fault of us, the users, to use Bitcoin that gave away its features of pseudo-anonymity and freedom. Besides, it's not like the centralized system is the only system out there left, the core, which is p2p, still exists if one really wants to look and use it.
Taxes didn't make Satoshi's dream fail, Satoshi himself couldn't avoid the taxes imposed on the assets he owned. Taxes are regulated by the state, anyone who lives in that country must obey and comply with the policies set by the government. Crypto assets are not considered legal tender in some countries (rather they are a commodity).
Actually, tax regulations on Bitcoin or more generally on Crypto assets aim to provide protection and comfort to Crypto asset traders. Tax only applies when you use the services of a third party (Exchange) to carry out transactions such as selling assets that you own to be converted into fiat.
Actually, tax regulations on Bitcoin or more generally on Crypto assets aim to provide protection and comfort to Crypto asset traders. Tax only applies when you use the services of a third party (Exchange) to carry out transactions such as selling assets that you own to be converted into fiat.
I think so, the thing that makes Satoshi disappointed is because bitcoin has been used for speculative purposes so that the price of bitcoin fluctuates very much, I've heard that Satoshi's biggest hope is to make a transaction system that is faster and cheaper, at first bitcoin was as expected but slowly everything changed.
In general it can be said that satoshi's dream did not fail, the most important dream of satoshi is to present bitcoin to everyone so that it is easy and cheap to transact, of course many dreams fail but in general they don't, and I'm sure what is happening with the development of bitcoin with the current market cap around $340 billion is a fantastic value and never thought before.
His already accomplished when people already know bitcoin and start using it. When Satoshi saw the value of its creation i am sure he is already happy and accomplished. I am hoping where he is right now he is happy and we as a user of Bitcoin we are really thankful that it arrived to us and help us financially. I know bitcoin future is very bright and i am hoping that Bitcoin will last forever
At the time bitcoin was created, although they think very innovatively, they didn't expect that there will be lots of problems such as taxes and enormous tx fees. Personally I could say that BTC is not reliable in terms of digital currency, but it paved the way of lots of useful ideas in terms of digital currency. Now I could tell that BTC will always be part of the history despite the upbringings.
I doubt that Satoshi was not able to foresee all the troubles bitcoin is experiencing, one of the reasons many people believe that Satoshi was not a person but a team is that the number of abilities he possessed were simply too high for a single person to have, so I really think he was able to foresee the scenario we are going through in which many regulations are being applied by the governments to bitcoin and he still believed his invention could endure it.failed project considering that it is really still sitting on #1 ranking then it is really does simply imply that there's so much trust on it.
So we could eventually say that the project hasnt failed and there still lots of years for it to go or pass through, it might be facing up some challenges now but doesnt mean
that it would be failing in the end.Lets see on what the future looks like.
Satoshi Nakamoto created Bitcoin as the perfect P2P digital money but today people are forced to pay tax on their holdings. Haven't this make the whole anonymous and freedom dream of Nakamoto failed?
In the path of achieving compete decentralization, I guess we cannot avoid availing services from centralized exchange kind of services which might lead to be taxed as per your country law. But, the ultimate goal of bitcoin must be not depending and not trusting a centralized services for value transferring hence I believe it would be too early to call that Satoshi's dream got failed.When we have more infrastructure for transacting within ourselves then I guess people will prefer p2p things and then government laws may not enforce you but still if you buy anything for bitcoin or avail any services for bitcoin then you may still need to pay tax which got nothing to do with decentralization.
At the time bitcoin was created, although they think very innovatively, they didn't expect that there will be lots of problems such as taxes and enormous tx fees. Personally I could say that BTC is not reliable in terms of digital currency, but it paved the way of lots of useful ideas in terms of digital currency. Now I could tell that BTC will always be part of the history despite the upbringings.
I doubt that Satoshi was not able to foresee all the troubles bitcoin is experiencing, one of the reasons many people believe that Satoshi was not a person but a team is that the number of abilities he possessed were simply too high for a single person to have, so I really think he was able to foresee the scenario we are going through in which many regulations are being applied by the governments to bitcoin and he still believed his invention could endure it. 
In general it can be said that satoshi's dream did not fail, the most important dream of satoshi is to present bitcoin to everyone so that it is easy and cheap to transact, of course many dreams fail but in general they don't, and I'm sure what is happening with the development of bitcoin with the current market cap around $340 billion is a fantastic value and never thought before.
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