Topic: What Do you think Satoshi Would Think About Today's Bitcoin? (Read 735 times)

Isnt it odd, if not foolish, that Satoshi may not have imagined Bitcoin's success? Satoshi methodically created Bitcoin, and while its tidal waves of development and adoption may exceed initial projections, its unlikely he overlooked its potential. Bitcoin's decentralization is basic, necessary, and Satoshi's aim. Should we assume Satoshi didnt realize his creation's potential scope and impact?

Your suggestion to involve the financial system in Bitcoin's decentralized utopia seems to contradict its core values. Bitcoin resists traditional banking systems, right? Didnt Satoshi carefully instill that principle in its DNA? The pseudo-problem may be: How do we balance Bitcoin's revolutionary, decentralized nature with a need to integrate it with established banking systems without compromising its essential principles?

I think Satoshi would be very proud of some things and disappointed in others.

I am sure that Satoshi Nakamoto will be shaking his head and a little bit dismayed with the way Bitcoin has become as it might not be what he intended it to be. However, since I think he is also a big realist and not a full-pledged and hard idealist, am sure he would also look into the many things Bitcoin has had succeeded and if he will be fair he can be celebrating with some joy for the success Bitcoin is already into. In life, we can never be perfect and so any human-made system and platform can never be perfect...expecting it otherwise would be insanity.

Someone dumping coins to lower the price inflicts massive losses on themselves from slippage.  The scenario you described causes the "manipulator" to lose BTC, not acquire it.

As crypto payment gateway, it's important to acknowledge the diversity of opinions within the cryptocurrency community regarding Satoshi Nakamoto's vision and the evolution of Bitcoin. We respect the different perspectives shared by enthusiasts and investors alike.

Satoshi Nakamoto's original vision for Bitcoin was indeed centered around the idea of creating a decentralized, peer-to-peer digital currency that could empower individuals and provide an alternative to traditional financial systems. Over time, the cryptocurrency landscape has evolved in various ways, including increased institutional involvement and changes in market dynamics.

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Satoshi did his job, now it's on us that how we treat with the bitcoin? Whenever a person does something new, he is not aware of his results, the same thing happens with Satoshi, I think he knew about the bitcoin, but the bitcoin at a stage today, I confidently say, he wouldn't know about it. Of course, bitcoin is believed as decentralized, and the making of nodes has an impact on all of these. The banking system should be a way for it if we think differently.

Bitcoin has now evolved all over the world and it has gained so much potential in the previous few years, Satoshi must be proud of his work, maybe if he was at this stage, he would do many more things like bitcoin, so we could also take benefits from it. Great people have always some great thinking about new things.

I think he is thinking. Damn, we came a long way from the bottom and we came a long way from the top,,,,,,its indecision time now.

I have been thinking about this topic for a while, I don't think I would know what Satoshi's would think, but if I was Satoshi, I would be surprise that the idea that I created to erase the hegemony of central bank and the oligarch behind it, is now became another investment asset that is used to make the 'whale' get richer. I mean I would be happy too since the idea is working, but it would be a huge dilema. 

I am not in a place to interpret Satoshi's beliefs.  So anything I stated does not represent Satoshi's insight.  For me I do not think that the current condition of Bitcoin is bad.  Being used as investment is natural when profit is seen when trading it.  Even the fiat currency which is created as legal tender is being viewed as an investment because of its price fluctuation.  One proof of this is the presence of Forex.


Who knows, maybe Satoshi does not mind.  If he is still alive, I do not think he will just stand idle if he doesn't like what is happening to his creation today.

Satoshi might not like what he’s seeing today since the original design for bitcoin as a digital peer to peer currency is still not happening but seeing bitcoin price still surging high and considered the most secured and profitable crypto investment is already a great achievement and Satoshi should take the credit for that. So I don’t think he will feel disappointed with what is happening. This is just the beginning and I’m pretty sure bitcoin as a currency will still be possible hopefully soon in the future.

You’re thinking inside the box my friend. What you fail to consideris that, despite the large amount of entities and corporations huying bitcoins as security asset, it’s still pretty much decentralized. We still have the power over bitcoin. One well timed mass dump of bitcoin over a short period of time and you’ll see these companies selling their bitcoins as fast as they bought in.

Chillax and don’t be scared just cause companies buy bitcoin now. I think we caneven assume that this massive upgrade from bitcoin being a measly coin with little to no value back then, Satoshi will certainly be happy and proud.

It's really true that it would definitely make a lot of people happy and excited about it, but I would rather very much see it not changed because it is not smart to get him involved right now. That would be sort of centralization if we start to trust one person, we need to let bitcoin be as decentralized as possible, and I do not mean just technologically, I mean literally just take your hands off it and let the market decide everything levels.

That would be a lot better and I think that's what I would rather see as well. I know not a lot of people would be glad to keep seeing it this way, some people want some action, watching be boring like right now is not that great for them but I feel like it could be decent.

Well, if Satoshi is somewhere watching from afar, he will not be completely sad because he knows that there are people who are still living in his vision for Bitcoin creation, and definitely everyone cannot just think alike for everything. But what I think will sadden Satoshi the most is how Bitcoiners have failed to keep their privacy safe while using Bitcoin. It was never meant to be a thing to give off your identity before you can acquire it and now centralized exchange have made some Bitcoin users give off their information before buying Bitcoin. But another thing is that some people were able to acquire Bitcoin because of CEX, and the question is, if there were no CEX, could Bitcoin have spread so far the way it is now? (I don't know.) If power were in the hands of all CEX, many of them would not ask for your KYC, but it's something that the government has deemed necessary for them to comply with.

Thank you for your answer, a different way to look at the topic.

I cannot say it’s totally in the wrong place because even if people have resorted to use it as a store of value more than a digital currency, still it serves the idea of freedom that Satoshi would want us to experience from the manipulation of the government. I believe we are still heading to the original plan using bitcoin as a currency but for now, it’s just that the global adoption is still very hard to be realized.

Well wherever Satoshi is right now, i think he will be happy for his innovation and ideas coming to reality and dream actualization even if not met yet,believing that one day he will achieve his purpose peer-to-peer decentralization, not holding and saving  Bitcoin. Moreover Bitcoin is spreading Gradially around the globe and becoming a legal tendency in some countries. Just as it will take sometime to grow in an investment,so also Bitcoin will gradually meet Satoshi's aims and objectives, those countries that  are not legaliasing it will do that because some are secretly using Bitcoin will definitely legalize it some day openly and base their economy on it

Yes, I read the title and yes, he published his purpose more than a decade ago, people change over the years, maybe their ideology changed or maybe not. If he has changed his thinking or not today, the most likely thing is that he thinks that he should not give an opinion on the matter, why? Because bitcoin is what it is, it depends on each person how they visualize it and in what. context use it.

Satoshi does not need to give an opinion? Did you read my thread man? He already wrote a whitepaper, with the title peer-to-peer currency not decentralised store of value. We know his vision about bitcoin since 14 years now. My question was how bitcoin changed since his creation and what would he think about it if he was alive. No one can judge why Satoshi created Bitcoin, he is the reason why we are here.

I accidentally double merited you, however no problem; you understood and gave a simple answer.

Cheers mate

Tetaeridanus✨

Bitcoin's original vision was groundbreaking, a rebellion against the traditional financial systems. If I were Satoshi, I would look at the current situation with a mixed feeling of fascination and sadness. Fascination, because a concept I birthed has become globally recognized. Sad, because the original purpose seems to fade away

The manipulation by centralized exchanges? You're right. This is a glaring issue. Satoshi aimed for a decentralized, peer-to-peer economy, not for a few powerful entities to puppeteer the market dynamics. The initial aim was a pure P2P exchange; not this warped B2P version where exchanges wield more power than they should

The "store of value" vs"currency" is right on. The scaling issues made Bitcoin less practical as a daily currency, so the narrative got twisted. The masses, especially post-2020, dont necessarily grasp the depth of its founding philosophy

We seem to have gone in a different direction from Satoshi's dream, dont we?  Bitcoin was supposed to be for the people, by the people. Not a playground for the elite