Topic: Looking back at the White paper... Do you think Satoshi would be proud of us? - page 2. (Read 733 times)
November 01, 2018, 06:46:42 AM
While BTC is not known for being used in direct payments without the us of 3rd party services I think that Satoshi will be more than happy on what BTC has achieved. Even if it failed to become a popular payment method used by a lot of people I think that Satoshi is more than happy to see that it created a new industry (cryptocurrency market) and also to see that the conccept of Blockchain is now being used to other ways inside businesses it clearly has helped a lot of people and entities to grow more.
November 01, 2018, 05:56:24 AM
I do not think so. I think we went a little out of the original text. Particularly due to ICOs, the concept of decentralized is a bit confused. We have a very powerful Bitcoin still.
November 01, 2018, 05:52:29 AM
~snip~
What you call the "Satoshi dream" has never been about "taking profits". From the white paper, you will never read anything mentioning profits/investment/make money.
I don't think Satoshi excepted to see Bitcoin has big as it is today. As to say about to be proud of us, not sure, but he sure is happy to see this work used daily on a large scale.
To be honest he might not expected that BTC will be this successful but overexpecting is bad also, we have seen ICO developers giving high hopes to their investors with their whitepaper, only to see them fail as they can't even give what they say.
November 01, 2018, 05:13:41 AM
Satoshi wanted us to use Bitcoin directly between two willing parties, without any intermediary services.
Bitcoin can still do that, and people certainly use it as such. I'm sure he'd at least think that some of the services are unnecessary (especially stuff like Bitpay), but for as long as Bitcoin has that capability, he'd probably be satisfied.
Do you think these services are crushing Satoshi's original dreams and goals for this technology or did we just evolve to satisfy the requirements of the governments that wants to control this technology.
I don't think it's as much the governments' requirements as it is actual users'. These services exist because there is demand for them; people don't use them because governments tell them to. People can give up a lot for convenience.
October 31, 2018, 08:42:14 PM
I think the Satoshi will be proud of himself , he has created something that its value has increased a lot over time, even if it does not become the world currency, but it is also a great money unit
October 31, 2018, 08:31:53 PM
haha its mean that satoshi want to makes bitcoin as the currency right? but right now we can see that bitcoin is be the trading media and investing media in the public, so i hope in the future bitcoin for currency can be realized
October 31, 2018, 08:00:57 PM
For me when I saw the white paper from Bitcoin made by Satoshi nakmoto on October 31, 2008 it was very touching and I was very happy to read it, because I saw the struggle of a Satoshi nakamoto in making digital financial innovations that succeeded in making Bitcoin holders become rich people. Maybe if Satoshi Nakamoto is still alive today, surely he will be proud because now the price of bitcoin has been calculated by the World.
October 31, 2018, 07:49:42 PM
I'm content with the current roadmap although I do feel that it is a bit too conservative, especially in terms of the current block space limit. I would have preferred to see it be bumped to allow more transactions to be processed.
SegWit is good and all, but it is nothing more than a buy-time solution in the run-up to the lightning network. Even with the lightning network running in full glory, we still need larger blocks, more so than what SegWit provides.
SegWit is close to it's maximum support with how the big block camp isn't willing to cooperate with the other part of the ecosystem. They have an incentive to keep blocking it, and I don't see them give up on that any time soon.
SegWit is good and all, but it is nothing more than a buy-time solution in the run-up to the lightning network. Even with the lightning network running in full glory, we still need larger blocks, more so than what SegWit provides.
SegWit is close to it's maximum support with how the big block camp isn't willing to cooperate with the other part of the ecosystem. They have an incentive to keep blocking it, and I don't see them give up on that any time soon.
October 31, 2018, 07:03:12 PM
Satoshi really got a pure innovative way to help all of us to get a better payment transaction system, and to help us get a freedom in doing transaction, so far I see the intention of Satoshi is still on progress, so I think we should be proud of ourselves to be able to keep bitcoin alive until now, and we should keep the original idea of Satoshi for the next generation
October 31, 2018, 06:59:07 PM
we cannot change the peer to peer system, bitcoin will not only change the transaction system, fiat will be replaced by bitcoin, peer to peer transactions will also be applied for long distance and short distance transactions.
I think, Satoshi will be proud of us, because the bitcoin he created has reached its peak. many people who benefit from bitcoin, get rich and become a priority.
this is not a new path, but bitcoin is slowly creating a revolution to avoid any obstacles. but bitcoin always focuses on its core goals.
I think, Satoshi will be proud of us, because the bitcoin he created has reached its peak. many people who benefit from bitcoin, get rich and become a priority.
this is not a new path, but bitcoin is slowly creating a revolution to avoid any obstacles. but bitcoin always focuses on its core goals.
October 31, 2018, 06:56:00 PM
"What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.": Satoshi's original Bitcoin whitepaper is 10 years old today!
Hardly anyone are making Bitcoin payments without going through some kind of centralized third party, like payment processors and exchanges or wallet providers.
Satoshi wanted us to use Bitcoin directly between two willing parties, without any intermediary services.
Do you think these services are crushing Satoshi's original dreams and goals for this technology or did we just evolve to satisfy the requirements of the governments that wants to control this technology.
Do we need to go back to the original vision for this technology or do we continue on this new path?
Using wallet providers doesn't mean that the transaction is not between two parties only. For example if the person is using electrum, the transaction is not controlled by anyone just the person creating and sending the transaction. You just can't call wallet providers centralised because many of them are not if you control your private keys and they're not stored somewhere online. Ideal option is cold storages like trezors or ledgers of course. But all in all I don't see any problem with it. Hardly anyone are making Bitcoin payments without going through some kind of centralized third party, like payment processors and exchanges or wallet providers.
Satoshi wanted us to use Bitcoin directly between two willing parties, without any intermediary services.
Do you think these services are crushing Satoshi's original dreams and goals for this technology or did we just evolve to satisfy the requirements of the governments that wants to control this technology.
Do we need to go back to the original vision for this technology or do we continue on this new path?
October 31, 2018, 06:50:59 PM
NO matter what the happens between the two parties, they can't do away with intermediaries if each need to make value out of the digits sent to him through the bitcoin network. Exchanges and third parties exist to make bitcoins
October 31, 2018, 06:46:59 PM
I think Satoshi would be happy and excited to see bitcoin moving forward if you look at the whitepaper satoshi never mention about bitcoin price so seeing bitcoin growing and more people are coming in will make him more proud.
October 31, 2018, 06:36:09 PM
Hardly anyone are making Bitcoin payments without going through some kind of centralized third party, like payment processors and exchanges or wallet providers.
Yes, you are right. People have to reveal their identity especially when they intend to cash out their profit or buy bitcoin with fiat. But that's not the problem of bitcoin. That's the problem of fiat money and strict rules made by governments.
I think Satoshi is satisfied now. Many people are using bitcoin and the number of people is increasing. Till now, everything has gone well.
Unfortunately that is not entirely true. Satoshi wanted us to run Bitcoin Core and some full nodes
You can have a Billion people using Coinbase and with one switch of a button, that Billion people will be without any bitcoins. You need to own the Private key to own the coins.
fixd that for you. as core was not around in satoshis day. satoshi wanted diversity. he didnt want to be leader and be the central point he didnt want followers just asking him.
also having just core is also as bad as having exchanges. coz just one bad line of code and bam ..full network bug
diverse fullnodes of different languages and teams all part of a level playing field is what should secure the network.
anyway apart from that little edit the rest of your comment is correct
October 31, 2018, 06:30:32 PM
Hardly anyone are making Bitcoin payments without going through some kind of centralized third party, like payment processors and exchanges or wallet providers.
And that's because we're having problems with adoption. Now, for someone to get Bitcoins, the person will need to probably convert dome Fiat. Doing so shall require you to use a medium to facilitate that. For someone to convert some crypto back into Fiat, the person will need similar services. Anyways, Satoshi's dream has been partially fulfilled in that we've been preaching about this innovation for 10 years now, and there have been majy improvements with oldster companies even joining in.
October 31, 2018, 06:17:03 PM
Even without the use of centralized services some big amounts of BTC transactions are always handled by escrow and I don't think that it is BTC's fault personally but its the nature and culture where scammers and criminals are also attracted to BTC in a way they can abuse it makes BTC not good for transacting directly. Also other than that Satoshi's dream of using is as a payment system comes only second to taking profits out of it and still it is because of its volatility that makes it more attractive to traders rather than consumers.
What you call the "Satoshi dream" has never been about "taking profits". From the white paper, you will never read anything mentioning profits/investment/make money.
I don't think Satoshi excepted to see Bitcoin has big as it is today. As to say about to be proud of us, not sure, but he sure is happy to see this work used daily on a large scale.
October 31, 2018, 05:02:31 PM
Even without the use of centralized services some big amounts of BTC transactions are always handled by escrow and I don't think that it is BTC's fault personally but its the nature and culture where scammers and criminals are also attracted to BTC in a way they can abuse it makes BTC not good for transacting directly. Also other than that Satoshi's dream of using is as a payment system comes only second to taking profits out of it and still it is because of its volatility that makes it more attractive to traders rather than consumers.
October 31, 2018, 04:57:06 PM
"What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.": Satoshi's original Bitcoin whitepaper is 10 years old today!
Hardly anyone are making Bitcoin payments without going through some kind of centralized third party, like payment processors and exchanges or wallet providers.
Satoshi wanted us to use Bitcoin directly between two willing parties, without any intermediary services.
Do you think these services are crushing Satoshi's original dreams and goals for this technology or did we just evolve to satisfy the requirements of the governments that wants to control this technology.
Do we need to go back to the original vision for this technology or do we continue on this new path?
We wanted to see satoshi but he/she or them don't want to shop face(s). Hardly anyone are making Bitcoin payments without going through some kind of centralized third party, like payment processors and exchanges or wallet providers.
Satoshi wanted us to use Bitcoin directly between two willing parties, without any intermediary services.
Do you think these services are crushing Satoshi's original dreams and goals for this technology or did we just evolve to satisfy the requirements of the governments that wants to control this technology.
Do we need to go back to the original vision for this technology or do we continue on this new path?
It's another task what's written in whitepaper and another - what satoshi actually wanted and the reason why he invented this coin. I think he didn't consider this: What will happen when we mine all coins. Following is my opinion: He didn't invented bitcoin for masses, it had to be not so popular used to protect anonimity of it's users. This coin is designed to keep privacy but be the book at the same time of all transaction. He did amazing job and that's all, he did his best and everyone knows something that's abused will lose it's beauty.
October 31, 2018, 04:54:42 PM
At this stage I still believe that bitcoin is still at it developmental stage and at that we still rely on a good number of third party involvement to carry out most of our transactions in bitcoin and this is not in any way deviating us from santoshi original design and plans but the fact still remains that it will take a good number of years for santoshi original design and plans to come to pass in 100%.
October 31, 2018, 04:07:15 PM
Hardly anyone are making Bitcoin payments without going through some kind of centralized third party, like payment processors and exchanges or wallet providers.
Yes, you are right. People have to reveal their identity especially when they intend to cash out their profit or buy bitcoin with fiat. But that's not the problem of bitcoin. That's the problem of fiat money and strict rules made by governments.
I think Satoshi is satisfied now. Many people are using bitcoin and the number of people is increasing. Till now, everything has gone well.
Unfortunately that is not entirely true. Satoshi wanted us to run Bitcoin Core and some full nodes
You can have a Billion people using Coinbase and with one switch of a button, that Billion people will be without any bitcoins. You need to own the Private key to own the coins.
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