The bitcoin network has been doing great and still is doing great. Its always a bumpy ride with revolutions and bitcoin has been more of that to our today society and world government. Government operates a centralized system, bitcoin is rather against that being centralized and citizens of the world depends on the government for safety of life, property and finance. Its hard for people to believe without government support but gradually, we are getting there.
The currency has found its own part to convincing people as a better alternative to fiat currency and with its limited supply, an increase in value is one way to be satisfactory for the world population. The bitcoin technology haven't failed, its just getting better.
Topic: Was Bitcoin project a failure after all ? - page 4. (Read 811 times)
It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
People like you are overreacting as always. I keep saying this all the time and I am sick and tired of it. Bitcoin is not what you want it to be, or what someone aimed to be, bitcoin is how we use it, and whatever way we all see it fit, then that is the way.Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
If you want it to be a currency and everyone uses it as investment, then it is an investment and not a currency, if you want to invest but it is a currency then it is a currency. I personally find it amazing and that's enough for me, just be "amazing" and that's it. It's clear that not many people see it that way and want it to do what they want it to do and that's not going to be the case.
Santoshi live bitcoin immediately the creation and the introduction of Bitcoin satoshi create Bitcoin then it is not up to a year it left bitcoin so calculate from the Year bitcoin was created or introduced on the Earth and now is the year that she left bitcoin so they can collection is very fair and the pathway to understand the time satoshi left Bitcoin
What is it that you don't like about bitcoin?
The fact that Satoshi left it for us to shape means bitcoin is now exactly as it should be. The community creates bitcoin and makes it become popular and bitcoin is a representation of the will of the people. Satoshi created it but it allowed us to change the protocol. If the community wanted to fork the chain and choose the fork over original, we wouldn't be using bitcoin now but maybe BSV or BCH. Is that what you'd prefer OP? I wouldn't.
The fact that Satoshi left it for us to shape means bitcoin is now exactly as it should be. The community creates bitcoin and makes it become popular and bitcoin is a representation of the will of the people. Satoshi created it but it allowed us to change the protocol. If the community wanted to fork the chain and choose the fork over original, we wouldn't be using bitcoin now but maybe BSV or BCH. Is that what you'd prefer OP? I wouldn't.
I can't say that Bitcoin failed. I haven't seen that Bitcoin fail until recently.
What I see is the failure of its users.
As a result of implementing the wrong strategy to manage its assets, due to fraud and hacking that occurred.
Bitcoin for almost 13 years has shown its existence and its value continues to grow.
Even though the value is very fluctuating, it continues to grow from year to year.
Nowadays more and more people are interested in Bitcoin.
Even though the value of Bitcoin can be predicted, actually nothing can guarantee the future of Bitcoin.
But until now there are still many people who rely on and believe in Bitcoin.
I think that's a good thing, that way Bitcoin will continue to grow.
What I see is the failure of its users.
As a result of implementing the wrong strategy to manage its assets, due to fraud and hacking that occurred.
Bitcoin for almost 13 years has shown its existence and its value continues to grow.
Even though the value is very fluctuating, it continues to grow from year to year.
Nowadays more and more people are interested in Bitcoin.
Even though the value of Bitcoin can be predicted, actually nothing can guarantee the future of Bitcoin.
But until now there are still many people who rely on and believe in Bitcoin.
I think that's a good thing, that way Bitcoin will continue to grow.
It has been 12 years since Satoshi disappeared on December 12, 2010.
Yes, i dont see anything bad in that. Since is Satoshi choice of staying anonymous. Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
What specifically is unusual about it? The motivation behind bitcoin's creation is still the same, and it hasn't deviated away from its original goal of promoting financial independence.And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
Currently, bitcoin is not in a particularly horrible state. The moment has come to stockpile more and wait patiently. Investing in bitcoin is a long-term investment; contrary to popular belief, it is not a quick-money scheme. As Satoshi intended, bitcoin will eventually gain widespread acceptance.
Although I only joined late in 2017, but I don't want to believe that Bitcoin is a failure, considering what has been achieved since 2010.
Truth is that a lot of fraud has being perpetuated and this has probably discouraged a lot of potential investors, but the evolving technology must be appreciated.
Truth is that a lot of fraud has being perpetuated and this has probably discouraged a lot of potential investors, but the evolving technology must be appreciated.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
Do you maybe want to tell us what you think he originally set out to do, back it up with some quotes, and how it became different than that?And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
I think that in ~13 years Bitcoin achieved way more than anyone (including Satoshi) thought its possible in such a short amount of time. You have to be completely unrealistic and naive to think that in such a short period of time Bitcoin can replace fiat. And even if that never happens (which is unlikely anyway) it will have its use. And when you talk about adoption, bitcoin has been recognized as a national currency in a few countries already and if given another 13 years from now, Bitcoin would have become a mainstream global currency.
It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
I don’t see it as a failure project. In fact, the government is triggered by its own existence so it only means that bitcoin is now close to its goal as being legally accepted nationwide. Seeing bitcoin as an investment, it’s starting to be a trend these days since people find more profits in bitcoin compared to fiat. And as a mode of payment, I know bigger countries are now eyeing at it to be accepted as a legal currency, although I still don’t see it becoming a legal tender these days except for El Salvador. Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
First of all, satoshi wasn't a god or a prophet. The world is far bigger than him and whatever vision he had for the future. At this point, what he thought, what he wanted don't mean anything because he has not been around for a long time. Maybe bitcoin would be in a better shape if he was still around. We can't know that. However, there is also a possibility that him being around would damage bitcoin a lot and I think he knew about it. That's why he disappeared probably.
Satoshi didn't describe how he sees Bitcoin future in detail. Satoshi described Bitcoin's mission as decentralized peer-to-peer currency. Bitcoin is still decentralized and peer-to-peer, free from censorship and trusted third parties. But as for currency, we indeed can see that it's not Bitcoin's main use. Maybe when Saotshi released Bitcoin, it seemed that the world is about to get rid of banks and embrace a system that can't have disasters like the 2008 economic crisis. But time has shown that people quickly forgot about their concerns and have no reasons to be worried as long as everything works here and now. Basically, people are not motivated to adopt Bitcoin as a currency, the drawbacks of Bitcoin are stronger than its benefits to most.
It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
I remember something satoshi have to say and it was at least like "in the next 10 or 20 years bitcoin will have a large volume of transactions or none at all". This means that satoshi has indeed predicted that the success of bitcoin as we feel today is very possible to achieve. Bitcoin is in great demand due to its use as a decentralized currency and trading asset and will continue to increase.Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
Bitcoin adoption has increased and we all know that it will continue to increase. People need convenience in transactions and they expect more security and speed and lower fee. Bitcoin offers that to users where it is a real advantage of bitcoin over fiat. Finally I can say bitcoin and satoshi have been a huge success and will be in the long term.
Just the fact that it is still being used and it still have a value is enough to prove that it wasn't a failure.
We all have different opinion when it comes to success so for me this project was a huge success even though it isn't being used as a currency, we couldn't change the fact that people would tend to use it as an investment tool rather than using it to pay for things that they could with Fiat.
We all have different opinion when it comes to success so for me this project was a huge success even though it isn't being used as a currency, we couldn't change the fact that people would tend to use it as an investment tool rather than using it to pay for things that they could with Fiat.
Year 2009, bitcoin was released and implemented as an open source software thus beginning the slow and gradual global adoption and use of bitcoin. Then, the number of bitcoin holders and users were but a handful and people really didn’t know what bitcoin was.
Year 2022; bitcoin is thriving as Earthlings have now been enlightened. People are scrambling to acquire and hold knowing it’s like a flower waiting to blossom. Negative predictions have been predicted and propaganda spread over the years all the while hoping for bitcoin demise. “Experts” have predicted the death of bitcoin over and over but bitcoin keeps getting stronger.
So, no. Bitcoin has not failed after all. Like all good things, it only takes time.
Year 2022; bitcoin is thriving as Earthlings have now been enlightened. People are scrambling to acquire and hold knowing it’s like a flower waiting to blossom. Negative predictions have been predicted and propaganda spread over the years all the while hoping for bitcoin demise. “Experts” have predicted the death of bitcoin over and over but bitcoin keeps getting stronger.
So, no. Bitcoin has not failed after all. Like all good things, it only takes time.
I actually love the fact that you stated it out that it started 12 years ago. Look at its roadmap and how it has grown through this years. Compare it to the so called shitcoins that came over to made corrections to it and how they are doing now. A successful project does not just bust into the scene and take over from something like fiat been back by the government. Bitcoin is on the right move and it will continue to develop (that's why BIP's are evolving). If its the continual swing between the bearish and bull period is the reason for your statement then that has been part of it because of its volatility but as a store of value its actually not a failure
It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
I was not around at the time bitcoin first started however in order to know if something is a failure or not we need to know what were the goals of satoshi when he created bitcoin, his aim was to create a decentralized currency which did not rely on a third party for two people to transact with each other, and bitcoin has been capable of this since day one, so bitcoin has been a success since day one too, the many years that have passed since then will allow us to determine the magnitude of the success, and personally I think that bitcoin is proving to be a major success. Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
The world is changing. Technology changes to keep pace with the current state of affairs. There is nothing bad, or even good, about this. There is this fact. Consider it that way.Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
The current situation may turn out to be an intermediate stage on the path to a "pure" world. Most likely, this is exactly the case. Humanity and the world may not yet be ready for this, but I would like to believe that it is moving in this direction.
It is not necessary to say that "nothing succeeded", drawing conclusions only on the basis of intermediate results.
I think Bitcoin in fact went the way Satoshi wanted it. There is still a lot to work on, but overall it is a BIG improvement since 2010.
How can you call a project worth hundreds of billions of dollars a failure? Bitcoin is progressing like never before. There are flaws and exploits that have been fixed, we have markets like Bisq that provide a perfect environment for using Bitcoin as an exchangeable currency in a Peer to Peer way. We have Lightning Network, SegWit, mining is still doing great and there is nothing to really worry about. Bitcoin is doing very well right now.
-
Regards,
PrivacyG
How can you call a project worth hundreds of billions of dollars a failure? Bitcoin is progressing like never before. There are flaws and exploits that have been fixed, we have markets like Bisq that provide a perfect environment for using Bitcoin as an exchangeable currency in a Peer to Peer way. We have Lightning Network, SegWit, mining is still doing great and there is nothing to really worry about. Bitcoin is doing very well right now.
-
Regards,
PrivacyG
It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
Thus far bitcoin is successful, otherwise we wouldn't be talking about its credibility if it weren't so successful. If you meant to ask if it was successful as a p2p system that could act as an alternative to fiat payment channels, it still too early to say that. The cryptocurrency bitcoin has been here for a short while compared to thousands of years of fiat usage and utility. So to say that the bitcoin has failed this early is a little bit unfair for the coin in a sense. Anyhow, I do believe the potential is still there, not only for profit but for revolutionizing the way people look at money. Bitcoin, when treated and used right may also be used to incite democracy and give the power back to the general public instead of the elite 1%. We are seeing some of these effects now and as long as bitcoin keeps on, we would see more of it in the future. Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"
Well, I can agree that Due to Satoshi's disappearance the development of Bitcoin may have been a little bit subverted but I guess the main idea is still there. I still believe there is a strong community behind Bitcoin that will protect it at all costs. This means that the future development for Bitcoin doesnt have any plans to turn it into a POS network, which would be the end of Bitcoin as we know it. As said, I find this very hard to happen, so Bitcoin will keep representing Satoshi's main idea for long.
Jump to: