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Topic: My thoughts and wonders on Bitcoin - page 2. (Read 365 times)

sr. member
Activity: 420
Merit: 253
November 09, 2023, 09:01:38 PM
#2
Yeah aside the thoughts you've outlined, I also feel that since Satoshi Nakamoto which I assume isn't one person has recorded huge success since the introduction of this digital electronic currency called bitcoin, why can't satoshi himself or theirself  as the case may be reveal his or their identity I mean it will be very good for people to know who satoshi is so that they can offer help to him or them on more ideas to improve the authenticity of bitcoin or rather sort help on how to ascertain an incredible success in acquiring bitcoins.

These has always been my thoughts for a long time that Satoshi Nakamoto being an anonymous person or group should rather reveal their identity in other for people to be more confident about the use of bitcoin and moreover if an issue comes up so that we can know the right people to channel our complaints to.

You see inasmuch as humans are concerned, we all believe mostly on things we see and experience with our physical eyes as some persons who might want to develop interest in bitcoin may begin to wonder why Satoshi can't reveal his or their identity, then what if anything happens to bitcoin tomorrow who would they run to for help or for ideas on how to revive it. Satoshi being anonymous has made billionaires not to have much interest in investing on bitcoin because they are afraid whether it's future will be sustainable.
sr. member
Activity: 504
Merit: 254
November 09, 2023, 07:58:24 PM
#1
Any one here ever thought (imagine) about the possessions and potentialities of Bitcoin and get to a point you are like... Chai! So so and so potentials would had been amidst (added) to the Bitcoin potentials?

Or have you ever been wondered at any of its potential maybe that doesn't favour you or you just accept that Bitcoin in general is a perfect inventory?

I have really had some series wonders about some Bitcoins potentials which are>>>
* I wonders the creative ideal and what is and was behind how Satoshi Nakamoto  could succeed in convincing the  world to believe on a digital currency even when it is not controlled by any individual or any authority and the world accepted it even when every nations have its own local currencies.

* I am still yet to understand how 1 Bitcoin was valued at the rate of $0.001 in just 2009 and today its value is rated in tens of thousands.

* I am wondered about the solid reliant of its Blockchain technology on how it is binded with security trust and access denial from altrances. I wonders how records of the decentralization is privately secured that it is untraceable not by other users or even by any authority such as our local banks could have access to our
bank accounts and statements of account.

* Also as the volatility. I wonders who is really in-control on the volume of Bitcoin that on whatever rate it comes, there are always ones taking advantages of it whereby if it is on a low value it paves ways and attracts more investors and if at a high value rates it is appreciated by its investors.
Most especially... I am wondered about the confidence it could inspire to its dealers (Bitcoin investors) where it requires one just patient without a personal marketing skills before getting to the hill of profitablities.

I am still yet to pick errors on any of the Bitcoin potentials instead I am finding every reasonable reasons in it.

When I think of the permanent access denial at when lost passwords and private keys of wallets, I just appreciate the method requesting when submitting of wallets account for rewards (payments) in a campaign job where you will be asked to paste your wallet address instead of having a fixed wallet account payment system.

Imagine if you looses your wallet access and you just keep working and earnings keep getting to your unaccessible wallet at where unacceptable to submit another to your payment manager. Oh! It should be a damned.
I just love this system where one can tender its desired wallet account at when payment is due. And I bet there would be so much accumulating useless bitcoins on  displaced wallets access more than the useless accumulated bitcoins of today.

I am most wondered why Bitcoin could still keep to an integrity without crashed despite being decentralized instead it is striving and enhancing its security trusts as it gradually silents over some local fiats while it is already accepted global digital currency.

If I may ask, are there what you are wondered about Bitcoin? Are there some additional potentials you wished it portrayed or do you feel any sign advancement (update) of Bitcoin in the nearest future?
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