As we know, Satoshi Nakamoto's vision of Bitcoin, in the whitepaper Bitcoin was created as a decentralized peer-to-peer electronic money system and would operate independently of traditional financial institutions. The aim is to overcome several fundamental problems of the existing centralized financial system, including trust issues, the absence of intermediaries, high transaction costs, long settlement times, and so on.
And no one knows whether Mr. Satoshi Nakamoto is disappointed or not with what happened, what is clear is that he must be very happy because Bitcoin users or owners continue to increase and develop. Despite the fact that almost everyone treats Bitcoin for personal gain in different ways, and I think Bitcoin can be said to be still in its infancy. And his original vision will not disappear completely, and I am sure that one day or in the future his vision will be realized.
Topic: What Do you think Satoshi Would Think About Today's Bitcoin? - page 2. (Read 735 times)
September 22, 2023, 03:48:49 AM
September 22, 2023, 03:33:20 AM
Have you also thought if bitcoin was only limited to its p2p do you think bitcoin would have been this popular without the helps of the centralized exchange and investors who turned it as a store of value?
Without CEXs, whether people like it or not, we would never be here, I wouldn't be here. If something is too complicate people won't use it, as simple as that. Just think about computers and smartphones: if everyone had to build his own device very few people would use them so, again, people can be against Microsoft, Apple, etc etc, but if things aren't easy people just won't buy/use them.Absolutely this wouldn't have been possible if things were too difficult to be operated even as some point they would feel discouraged along the line they may source for another alternative means, but still there is a reason for bitcoin not limited to its peer to peer nature. People finding it more valuable and useful than its initial purpose that is why its brings togetherness of everyone and, attention is being given more and more people are still diving into bitcoin to explore new things about bitcoin progress.
So, if you ever use P2P, you never know who you're dealing with, and there have already been incidents where they've exploited their clients.
In this situation, Satoshi might not expect this to happen, but it all leads to the same direction.
September 22, 2023, 03:06:54 AM
Despite not aligning with the initial vision outlined in the Whitepaper, Bitcoin has grown to this magnitude, and I believe Satoshi would still take pride in the positive impact stemming from his creation. The repercussions are on a grand scale and have significantly reshaped the global economic landscape. Achieving this level of prominence is indeed a source of great pride, and I am confident that any remorse Satoshi may have felt for the deviation from the intended use is assuaged by this widespread adoption.
I have no regrets about acquainting myself with Bitcoin, and I take pride in this innovation.
I have no regrets about acquainting myself with Bitcoin, and I take pride in this innovation.
September 22, 2023, 02:50:04 AM
-.-
Worse is that, government is banning their people from using Bitcoin for some unknown reasons. I mean why ban the people from using something that they can't even control.
Worse is that, government is banning their people from using Bitcoin for some unknown reasons. I mean why ban the people from using something that they can't even control.
I don't think he will be sad about this, I believe that when he created bitcoin he also predicted this because bitcoin is creating a decentralized system that is completely opposite to a centralized system government. There are some theories that bitcoin was created out of political views, and I think that's true, bitcoin clearly goes against the concepts that governments are placing on our world. He predicted it and that's why he decided to stay anonymous forever to avoid unfortunate incidents happening to himself and bitcoin.
September 22, 2023, 02:41:07 AM
- To conclude, I believe Bitcoin is in the wrong place today from Satoshi's vision. I'm a satoshi visionaire btw, you could think otherwise and I will respect you. This is just my thoughts.
What are your thoughts?
What are your thoughts?
What bitcoin is today was not Satoshi's original intention when he created it. In any case, it has contributed to the extent to which its use has gained widespread acceptance around the world. It amuses me how much the speculative market drives the bitcoin price, but has some level of decentralisation that cannot be controlled by one person or a group, in my opinion which is still not in a bad state yet.
September 22, 2023, 02:24:27 AM
Have you also thought if bitcoin was only limited to its p2p do you think bitcoin would have been this popular without the helps of the centralized exchange and investors who turned it as a store of value?
Without CEXs, whether people like it or not, we would never be here, I wouldn't be here. If something is too complicate people won't use it, as simple as that. Just think about computers and smartphones: if everyone had to build his own device very few people would use them so, again, people can be against Microsoft, Apple, etc etc, but if things aren't easy people just won't buy/use them.Absolutely this wouldn't have been possible if things were too difficult to be operated even as some point they would feel discouraged along the line they may source for another alternative means, but still there is a reason for bitcoin not limited to its peer to peer nature. People finding it more valuable and useful than its initial purpose that is why its brings togetherness of everyone and, attention is being given more and more people are still diving into bitcoin to explore new things about bitcoin progress.
September 21, 2023, 10:39:30 PM
Bitcoin is still in line with Satoshi's original goals, it's just that Bitcoin users are implementing it to a place that benefits them personally. Satoshi who does not believe in the financial system built by the government, has succeeded in attracting the attention of most people around the world to turn to Bitcoin with the aim of becoming a peer to peer digital currency, but Bitcoin users try to take advantage of this opportunity by combining it as a store of value. The ease of carrying out transactions and being able to be used as a place to store value makes the volume of Bitcoin transactions even greater.
September 21, 2023, 10:29:13 PM
If he was alive and saw what we are doing with bitcoin, I don't think he will be as disappointed as the OP or many people think. It is true that bitcoin is not being used as a currency and is being used by us more as an investment. But that doesn't mean it can't be used as payment, there are still a lot of people using bitcoin for payment. It shows that bitcoin has become more multifunctional than Satoshi expected, today bitcoin can be used as an asset, currency, payment method, your own bank...I don't think he will be disappointed with this result. What is more important is that people have supported his idea, and more and more people are using bitcoin, how can it be said that he will be disappointed?
Hey!
I didn't say he would be dissapointed, I think he would be proud of his creation having a life of its own and went on its own way. I just believe bitcoin deviated from his vision into a different entity in ways.
Respect.
Tetaeridanus✨
Yes, you didn't say he was disappointed in bitcoin, but all you said in your article was to emphasize that bitcoin is deviating from his vision, so I think you're guessing he will be disappointed with what is happening
.In short, this is just our speculation, we are not him so we cannot know what he is thinking. But I think his mission is accomplished, his job is to create bitcoin for the community and what bitcoin becomes is up to the community to decide.
September 21, 2023, 10:10:30 PM
Have you also thought if bitcoin was only limited to its p2p do you think bitcoin would have been this popular without the helps of the centralized exchange and investors who turned it as a store of value?
Without CEXs, whether people like it or not, we would never be here, I wouldn't be here. If something is too complicate people won't use it, as simple as that. Just think about computers and smartphones: if everyone had to build his own device very few people would use them so, again, people can be against Microsoft, Apple, etc etc, but if things aren't easy people just won't buy/use them. 
September 21, 2023, 08:26:48 PM
Happy... and Sad as well. I guess.
Happy because Satoshi see's Bitcoin as a success because overtime, more and more people are trying to adopt it. More and more people are starting to accept Bitcoin. More and more establishments are starting to accept Bitcoin as an alternative mode of payment. A few people around the world changed their lives permanently because of Bitcoin. Many changed their lives with the help of Bitcoin.
On the other hand though, I think that Satoshi is also sad because what's in the whitepaper isn't happening... or at least most of it. Yes Bitcoin has been used for peer-to-peer transaction by some, but some see it as an asset where they can earn profit from it. Some sees Bitcoin more of an asset than a currency which it is supposed to be. Some people prefer holding it than using it to pay their things that they're buying. Worse is that, government is banning their people from using Bitcoin for some unknown reasons. I mean why ban the people from using something that they can't even control.
Overall, it's hard to know what Satoshi must be thinking right now (if Satoshi's still alive), but whatever Satoshi's feeling is, I guess we just need to thank Satoshi for creating a coin like this.
Happy because Satoshi see's Bitcoin as a success because overtime, more and more people are trying to adopt it. More and more people are starting to accept Bitcoin. More and more establishments are starting to accept Bitcoin as an alternative mode of payment. A few people around the world changed their lives permanently because of Bitcoin. Many changed their lives with the help of Bitcoin.
On the other hand though, I think that Satoshi is also sad because what's in the whitepaper isn't happening... or at least most of it. Yes Bitcoin has been used for peer-to-peer transaction by some, but some see it as an asset where they can earn profit from it. Some sees Bitcoin more of an asset than a currency which it is supposed to be. Some people prefer holding it than using it to pay their things that they're buying. Worse is that, government is banning their people from using Bitcoin for some unknown reasons. I mean why ban the people from using something that they can't even control.
Overall, it's hard to know what Satoshi must be thinking right now (if Satoshi's still alive), but whatever Satoshi's feeling is, I guess we just need to thank Satoshi for creating a coin like this.
September 21, 2023, 08:16:41 PM
Satoshi does not need to give an opinion, he intelligently created a great trading tool, then everyone gives their opinion according to their own perspective.
We live in a time in which any opinion is criticized, therefore saying A or B would be judged.
We live in a time in which any opinion is criticized, therefore saying A or B would be judged.
September 21, 2023, 08:09:16 PM
Serious question, where I get different reply from everyone.
Personally, I think his vision of Bitcoin is not what Bitcoin has come today.
- It has became a centralized market, which is controlled by entities. A single cex or dex can manipulate the price in its favor, meaning dumping the price to aquire more btc in lower prices. (liq hunting) So it has become B2P instead of Satoshi's P2P vision.
- Many of it's adapters today don't even use it as a currency or store of value, they use it as a speculative derivative. You can look at this by looking at spot and futures volumes. Adapters pre-2020 know more about Bitcoin's motive, fundementals and mission where after 2020 the market is filled with idiot perma-bulls.
- Bitcoin and Bitcoin's price are two different things. According to Satoshi's Vision BTC is meant to be a digital peer to peer currency; not a store of value which contradicts today's investors. BTC's scalebility issues caused people to shift the narrative to a store of value. However, hence BTC is created as limited money, I believe satoshi also believed one day the narrative would be shifted to a store of value case.
- To conclude, I believe Bitcoin is in the wrong place today from Satoshi's vision. I'm a satoshi visionaire btw, you could think otherwise and I will respect you. This is just my thoughts.
What are your thoughts?
We never know, but I think Satoshi Nakamoto's dream for Bitcoin is still far from what he dreamed of, since Bitcoin is still not widely accepted, and countries' policy for Bitcoin is still not concrete, although there is progress like El Salvador, making bitcoin as legal tender, there is still long way to go, adaptation is still ongoing and there are still lots of things to be done. Personally, I think his vision of Bitcoin is not what Bitcoin has come today.
- It has became a centralized market, which is controlled by entities. A single cex or dex can manipulate the price in its favor, meaning dumping the price to aquire more btc in lower prices. (liq hunting) So it has become B2P instead of Satoshi's P2P vision.
- Many of it's adapters today don't even use it as a currency or store of value, they use it as a speculative derivative. You can look at this by looking at spot and futures volumes. Adapters pre-2020 know more about Bitcoin's motive, fundementals and mission where after 2020 the market is filled with idiot perma-bulls.
- Bitcoin and Bitcoin's price are two different things. According to Satoshi's Vision BTC is meant to be a digital peer to peer currency; not a store of value which contradicts today's investors. BTC's scalebility issues caused people to shift the narrative to a store of value. However, hence BTC is created as limited money, I believe satoshi also believed one day the narrative would be shifted to a store of value case.
- To conclude, I believe Bitcoin is in the wrong place today from Satoshi's vision. I'm a satoshi visionaire btw, you could think otherwise and I will respect you. This is just my thoughts.
What are your thoughts?
September 21, 2023, 08:06:45 PM
[/quote]
There are no obligations on any person in the cryptocurrency industry regarding how you want to earn, invest for a long time, or trade for so there are no such obligations on you despite the fact that it is entirely up to you as to how you can profit.
[/quote]
In my replies I also mentioned the need for profits. I as well and everyone in bitcoin community cares about profits, however this contradicts the currency part. BTC was created as a currency with a hedge mechanism against inflation. Currencies gain value against each other, that is normal and how it should be. What I tried to say was when Satoshi created it, none of these parameters were known or how far bitcoin would go was known. The fact that the coin and it's ecosystem(thanks do developers) never stopped to improve and most importantly adapt; is because of the creation of the centuries' one of the biggest masterminds. He, himself satoshi.
September 21, 2023, 07:58:17 PM
Hey all,
Thank you for taking your time and replying to my thread; lots of different voices and new things that I learned as well. A healthy community should be non-homogenic for quality and educative discussions; just like here in bitcointalk. I am still reading your replies
Cheers
Tetaeridanus✨
Thank you for taking your time and replying to my thread; lots of different voices and new things that I learned as well. A healthy community should be non-homogenic for quality and educative discussions; just like here in bitcointalk. I am still reading your replies
Cheers
Tetaeridanus✨
September 21, 2023, 07:47:56 PM
No one knows what Satoshi is thinking, people don't even know where Satoshi is, let alone Satoshi's feelings and insight into the current Bitcoin happenings. We can only assume according to what we believe in but it does not made our assumption correct because Satoshi might be thinking otherwise.
Anyway, we should not curse these centralized exchanges since they have played huge part in crypto adoption. If we only rely on DEXes I believe we won't be in the current milestone and probably way behind than where is Bitcoin now.
Centralized exchanges help a lot in institutional adoption since they have catered Bitcoin trades and exchanges and at the same time comply with regulations, the government has taken notice of Bitcoin and how they can implement regulation that allows Bitcoin services to exist.
Anyway, we should not curse these centralized exchanges since they have played huge part in crypto adoption. If we only rely on DEXes I believe we won't be in the current milestone and probably way behind than where is Bitcoin now.
Centralized exchanges help a lot in institutional adoption since they have catered Bitcoin trades and exchanges and at the same time comply with regulations, the government has taken notice of Bitcoin and how they can implement regulation that allows Bitcoin services to exist.
Yes, we should not deny that centralized exchanges played an important role in helping bitcoin become as popular as it is today. Although not all, I would say that most bitcoin beginners will use centralized exchanges. It can be said that it is an important bridge to connect newbies and bitcoin in the early stages of being an investor.
Even though exchanges go against the decentralized nature of bitcoin, bitcoin investors like us are still using them. We should not curse them while still using them in daily transactions.
September 21, 2023, 04:59:06 PM
...//...,,
What are your thoughts?
What are your thoughts?
You have to read it, between the lines, between technologies, between posts... SN left little and enough to understand it.
But, it is not so easy to predict what his thinking would be today, it happens with many other great geniuses or inventors, then, just because you read about bitcoin, you can't be close to his thinking, maybe at a 0.01% of their vision.
If you analyze it by its white paper, you have a vision, if you analyze it by its code (bitcoin), you have a vision, if you analyze it by the things that can be read about it in the forum and other things where you know him was the who wrote them, you have a vision.
Based on the above and the 0.01% coincidence of thought, SN might say:
"wow how far Bbitcoin has come,
despite its flaws;
naturals and acquired."by Satoshi NAkamoto
September 21, 2023, 04:56:25 PM
No one knows what Satoshi is thinking, people don't even know where Satoshi is, let alone Satoshi's feelings and insight into the current Bitcoin happenings. We can only assume according to what we believe in but it does not made our assumption correct because Satoshi might be thinking otherwise.
Anyway, we should not curse these centralized exchanges since they have played huge part in crypto adoption. If we only rely on DEXes I believe we won't be in the current milestone and probably way behind than where is Bitcoin now.
Centralized exchanges help a lot in institutional adoption since they have catered Bitcoin trades and exchanges and at the same time comply with regulations, the government has taken notice of Bitcoin and how they can implement regulation that allows Bitcoin services to exist.
Anyway, we should not curse these centralized exchanges since they have played huge part in crypto adoption. If we only rely on DEXes I believe we won't be in the current milestone and probably way behind than where is Bitcoin now.
Centralized exchanges help a lot in institutional adoption since they have catered Bitcoin trades and exchanges and at the same time comply with regulations, the government has taken notice of Bitcoin and how they can implement regulation that allows Bitcoin services to exist.
September 21, 2023, 04:46:46 PM
Satoshi will be sad because people are use Bitcoin completely opposite to the whitepaper.
It may be not the same as what Satoshi wrote on the whitepaper, but it is actually a positive thing for Bitcoin. I don't think it is 100% the opposite of its purpose on the WP.Anyway, if people can't take advantage from Bitcoin investment, Bitcoin may be difficult to be popular as today. I can't imagine if there are too few people using Bitcoin, how Bitcoin can be used and known around the world? If we only apply Bitcoin as a digital currency, it will be hard to develop. Everyone must realize that even in some countries Bitcoin is only allowed as a digital asset.
For me, become a digital asset is one step closer for Bitcoin to be an international currency in the future.
People are prefer to hold their coins in centralized exchange than non custodial wallet.
People always judge Bitcoin price in USD or local fiat requirement than 1 BTC = 1 BTC.
- It is because some people assume it is easier to transfer it to CEX wallets than transfer it to non custodial wallets. People also can use it easier on CEX. And we must understand that CEX is more popular in many countries.People always judge Bitcoin price in USD or local fiat requirement than 1 BTC = 1 BTC.
- Dollar is the international currency, so it is normal if people compare it with dollars. Anyway, how they know the growth of the value if they only think 1 BTC = 1 BTC
September 21, 2023, 03:36:22 PM
Serious question, where I get different reply from everyone.
Personally, I think his vision of Bitcoin is not what Bitcoin has come today.
- It has became a centralized market, which is controlled by entities. A single cex or dex can manipulate the price in its favor, meaning dumping the price to aquire more btc in lower prices. (liq hunting) So it has become B2P instead of Satoshi's P2P vision.
- Many of it's adapters today don't even use it as a currency or store of value, they use it as a speculative derivative. You can look at this by looking at spot and futures volumes. Adapters pre-2020 know more about Bitcoin's motive, fundementals and mission where after 2020 the market is filled with idiot perma-bulls.
- Bitcoin and Bitcoin's price are two different things. According to Satoshi's Vision BTC is meant to be a digital peer to peer currency; not a store of value which contradicts today's investors. BTC's scalebility issues caused people to shift the narrative to a store of value. However, hence BTC is created as limited money, I believe satoshi also believed one day the narrative would be shifted to a store of value case.
- To conclude, I believe Bitcoin is in the wrong place today from Satoshi's vision. I'm a satoshi visionaire btw, you could think otherwise and I will respect you. This is just my thoughts.
What are your thoughts?
No one could able to predict the future and there's no man that would really be able to do so and even Satoshi himself didnt expect that Bitcoin did really become so big or on what it is today but its true that the general concept or idea that he do have in mind is really that totally opposing on what it should be but doesnt mean that people or the community hadnt consider or really recognized about its utility.It is really just that normal that people would really be prioritizing on something that could make profit for them and this is why its not shocking that they would really be focusing on that investment side of things.Personally, I think his vision of Bitcoin is not what Bitcoin has come today.
- It has became a centralized market, which is controlled by entities. A single cex or dex can manipulate the price in its favor, meaning dumping the price to aquire more btc in lower prices. (liq hunting) So it has become B2P instead of Satoshi's P2P vision.
- Many of it's adapters today don't even use it as a currency or store of value, they use it as a speculative derivative. You can look at this by looking at spot and futures volumes. Adapters pre-2020 know more about Bitcoin's motive, fundementals and mission where after 2020 the market is filled with idiot perma-bulls.
- Bitcoin and Bitcoin's price are two different things. According to Satoshi's Vision BTC is meant to be a digital peer to peer currency; not a store of value which contradicts today's investors. BTC's scalebility issues caused people to shift the narrative to a store of value. However, hence BTC is created as limited money, I believe satoshi also believed one day the narrative would be shifted to a store of value case.
- To conclude, I believe Bitcoin is in the wrong place today from Satoshi's vision. I'm a satoshi visionaire btw, you could think otherwise and I will respect you. This is just my thoughts.
What are your thoughts?
We know that its one of the benefits on holding up Bitcoin on which it could potentially bring out profits without doing something or simply just holding for long term. As we do speak about fiat in correlation
then expect that government would really be still having that kind of engagement or influence on things which would really be normal or simply things being centralized into those platforms
which are involved but still talking solely with Bitcoin then it do really still functions on what it should be and this is what the community do really likes and prefer and this is why
it is really that mainly getting that huge community support on the entire crypto space.
September 21, 2023, 03:25:53 PM
I want to talk a little bit about Satoshi's economic genius. Bitcoin's biggest breach in the classical financial system and its biggest economic success was the creation of an alternative currency, an alternative labor based on technology. I don't think there is any other example of a relatively small butterfly like Satoshi having such an impact on the world. It has nothing to do with luck and all the developments are logical, everything happened as it should.
Satoshi would be proud of the system he created today but it is not his failure that the system he wanted to build was not fully integrated into the financial system. Satoshi opened the door to financial independence for humanity with the p2p system but today, the bitcoin and cryptocurrency ecosystem is trying to stop being a means of rapid enrichment. Satoshi would be proud of us all if we overcome all this and embrace the Bitcoin philosophy.
Satoshi would be proud of the system he created today but it is not his failure that the system he wanted to build was not fully integrated into the financial system. Satoshi opened the door to financial independence for humanity with the p2p system but today, the bitcoin and cryptocurrency ecosystem is trying to stop being a means of rapid enrichment. Satoshi would be proud of us all if we overcome all this and embrace the Bitcoin philosophy.
Jump to: