Yes, absolutely.
Bitcoin's goal from the beginning was to create a means of online transacting for people who could not use an ordinary bank. Before Bitcoin there were credit cards, wire transfers, PayPal, and so forth. Bitcoin was not designed to replace those things, as it's design is necessarily more expensive, slower, and more cumbersome to use.
Instead Bitcoin was design for the very specific need of allowing transactions that could not be subpoenaed by a government, and/or modified or intercepted by a government.
That's it. That's all Bitcoin--and the blockchain architecture--was originally designed to solve.
Subsequently, people did three things:
1. They imagined Bitcoin would be used for other things, e.g. replacing mainstream transactions, which it has not and cannot.
2. They used Bitcoin as an investment instrument, which today is the primary use of Bitcoin.
3. They learned that Bitcoin by itself is a poor system for evading the government because of it's public ledger, and follow-on products like Monera have now filled that role.
Bitcoin and other blockchain-based cryptos will remain investment instruments, and the technology works perfectly fine for that.
Centralized, non-blockchain-based digital currencies will be the future of mainstream transactions, as this architecture will actually scale to the level necessary to replace worldwide everyday transactions.
Topic: IS BITCOIN NOW IN A DIFFERENT DIRECTION FROM ITS INITIAL GOAL? - page 2. (Read 247 times)
Whatever the initial goal is pretty much doesn't matter — Satoshi Nakamoto released the initial version, and now that Bitcoin is decentralized, the people will decide how it will go forward with its protocol updates and stuff.
Also, DeFi/NFTs/etc are mostly not in Bitcoin, but in other cryptocurrencies like Ethereum and Solana.
Also, DeFi/NFTs/etc are mostly not in Bitcoin, but in other cryptocurrencies like Ethereum and Solana.
This may be a question that bothers me in my heart and mind who thinks that Bitcoin as part of cryptocurrency has deviated from its initial goal which was intended to fight banks
That is a wrong perception in which you are having, bitcoin is never targetted in fighting against banks or governemtn, instead it was discovered to serve as an alternative menas of making payment from the use of fiat currencies, if you think about having privacy and control over your financial economy, then think of bitcoin.
and I think it has now moved towards a commodity project for example (DeFi, NFT and etc) rather than being a legal alternative means of payment
Do you really have to compare a decentralized digital currency to centralized altcoins and projects, i think you have to read on PoW and PoS.
from that question I want to get enlightenment from all members about whether bitcoin and other cryptocurrencies have changed from their original goals? Hopefully this will be material for constructive and enlightening discussion
Nothing has change, you are to read better and make more findings about many things that remains unclear to you concerning bitcoin and the crypto networks.
This may be a question that bothers me in my heart and mind who thinks that Bitcoin as part of cryptocurrency has deviated from its initial goal which was intended to fight banks and I think it has now moved towards a commodity project for example (DeFi, NFT and etc) rather than being a legal alternative means of payment, from that question I want to get enlightenment from all members about whether bitcoin and other cryptocurrencies have changed from their original goals? Hopefully this will be material for constructive and enlightening discussion
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