I think the most optimistic outcome for Bitcoin would be to return to its roots, which is to play to the nature of bitcoin as a currency, as the opposite of global fiat currencies, coexisting with global fiat currencies and ready to replace the declining credit of fiat currencies, such as overissued US dollars.
I really doubt it can happen so easily. Because to replace fiat itself which already used by all people in the world will need a lot of thing first. Regulation which is we can't get or not it is all depends on government. Give knowledge to people from big market until personal so they know about bitcoin and i don't think there are someone who want to do that job. 
Topic: What is the most optimistic result of Bitcoin? - page 5. (Read 932 times)
I think the most optimistic outcome for Bitcoin would be to return to its roots, which is to play to the nature of bitcoin as a currency, as the opposite of global fiat currencies, coexisting with global fiat currencies and ready to replace the declining credit of fiat currencies, such as overissued US dollars.
Every technology has to evolved, Internet was developed from ARPANET then eventually group of networks and then it became the modern Internet that we know of. Same as cell or mobile phones, not it became not just a phone, but a "smart phone'. And so is the bitcoin, from a payment scheme, to store of value to an speculative asset, to hedge by companies in their balance sheet. ~
Return to its roots? I mean Bitcoin is still being used alternatively for payments these days. I am not sure how it was purely used back then, but I do not think that we would still describe the adoption of Bitcoin as "returning to its roots". It is already a tree and it gave a seed to a lot of coins in the crypto market, but many of them turned out to be just a wilted ones. 
i'm not sure why you say "go back" because it suggests that bitcoin stopped being all the things you said which is not true. bitcoin has always been a medium of exchange and has been around alongside the other currencies but as the only decentralized one among them.
there are always a lot of speculators trading bitcoin. there are also a lot more people who are speculating about fiat in a market called "Forex" but that doesn't change the fact that what these people are trading is less of a currency.
there are always a lot of speculators trading bitcoin. there are also a lot more people who are speculating about fiat in a market called "Forex" but that doesn't change the fact that what these people are trading is less of a currency.
it can't be that easy to make a currency shift on a large scale. except as El Salvador did, it also requires steps that are not easy to adopt Bitcoin as a legal tender of exchange. and if as a currency then Bitcoin must have a control center. whereas Satoshi goal was not for that.
I think the most optimistic outcome for Bitcoin would be to return to its roots, which is to play to the nature of bitcoin as a currency, as the opposite of global fiat currencies, coexisting with global fiat currencies and ready to replace the declining credit of fiat currencies, such as overissued US dollars.
I think that a lot people know that is not going to happen, because a lot of people have deviated from the original idea and concept that bitcoin was founded upon, and they have started looking at bitcoin as a type of investment and not as a currency, they just buy and hold bitcoin without using it as the way it was intended which was to replace the fiat currencies, and the first thing that comes to someone who has no idea what bitcoin does looks at the price and says i can make a lot of money from it, so the most optimistic result of bitcoin right now would be it becoming the number one investment.
Based on what we have seen so far, the optimistic outlook is that bitcoin will serve as a store of value not just to individuals and institutions, but also to nation-states and government treasuries. In my opinion that's the realistic best case scenario.
More optimistic than that would be the situation where bitcoin is not only a store of value, but also used as an everyday currency and medium of exchange via higher-than-base-layer solutions... a world where fiat has decisively lost to bitcoin... where everything is priced in bitcoin and sats, where governments return to sound monetary policy because they can no longer print money like there is no tomorrow.
More optimistic than that would be the situation where bitcoin is not only a store of value, but also used as an everyday currency and medium of exchange via higher-than-base-layer solutions... a world where fiat has decisively lost to bitcoin... where everything is priced in bitcoin and sats, where governments return to sound monetary policy because they can no longer print money like there is no tomorrow.
The most optimistic for me is that everyone in the world and majority of the countries are into bitcoin already. Each countries have their own bitcoin reserve as an asset.
And while most of us got our own holdings that we're only waiting for the biggest day to come and that's when bitcoin reaches the highest possible price that it can ever be.
And while most of us got our own holdings that we're only waiting for the biggest day to come and that's when bitcoin reaches the highest possible price that it can ever be.
Just bitcoin becoming more relevant and positively known by people
Bitcoin was stereotypically related to illicit internet activities, but we all know that it's not.
Crypto transactions will be normalized and not deemed as something so complex to understand.
Bitcoin was stereotypically related to illicit internet activities, but we all know that it's not.
Crypto transactions will be normalized and not deemed as something so complex to understand.
I think the most optimistic outcome for Bitcoin would be to return to its roots, which is to play to the nature of bitcoin as a currency, as the opposite of global fiat currencies, coexisting with global fiat currencies and ready to replace the declining credit of fiat currencies, such as overissued US dollars.
I am optimistic with what El Salvado has done, bitcoin should be more legalized for today's modern economy and industry. Conservatisms and lax management should be replaced. Bitcoin doesn't need to change, the way it used to be. You can't force Bitcoin to solely be whatever you want it to be. Whether you, me, other people, or Satoshi himself like it or not, people will be using Bitcoin for whatever they see fit outside using bitcoin as a currency — and that includes store of value and speculation. Because that's what free markets do, and there's really nothing wrong with it.
The lack of a leader is a strength that Mr. Satoshi seems to have predicted.
Anyway, with bitcoin as the way that anyone is free to use according to their purposes and needs. That is the existence of the market.
I think the better result that bitcoin has created is the rate of adoption and use we have seen the last two years. Before this time, the rate of use wasn't this high and popularity has increased where we see that big buyers and institutional investors are coming in. This to me gives the explanation that people are a little confident to believe in bitcoin and hodl also. Hodling means there is confidence in what you are hodling dearly.
That's still the results that bitcoin is still aiming to this day, the problem is that with more people dipping their hands on the bitcoin pie, the true goal gets muddled so we think that it gets a different goal along the way when it really isn't.
because these are two different systems, they should complement and support each other. because it is clear that each of them has their own weaknesses, that's where they give each other support to be able to fill the void.
Many countries we know are still unable to accept bitcoin as a legal medium of exchange, and only focus on fiat, because of course there are many obstacles that may occur. let bitcoin not have to play a role there, let fiat do it, but if where fiat is not able to do it, it can be ascertained that bitcoin can solve it. so there is continuity that can be done between them. this will obviously make bitcoin more welcome because it can solve the fiat problem.
bitcoin must be optimistic that later all will be able to accept the existence of bitcoin but it needs to be accepted well and there is mutual benefit because there are always differences to accept anything in every country.
Many countries we know are still unable to accept bitcoin as a legal medium of exchange, and only focus on fiat, because of course there are many obstacles that may occur. let bitcoin not have to play a role there, let fiat do it, but if where fiat is not able to do it, it can be ascertained that bitcoin can solve it. so there is continuity that can be done between them. this will obviously make bitcoin more welcome because it can solve the fiat problem.
bitcoin must be optimistic that later all will be able to accept the existence of bitcoin but it needs to be accepted well and there is mutual benefit because there are always differences to accept anything in every country.
You can use BTC whatever you like. Everyone can do whatever they do with their BTC just as traders do buy whichever coins they want to invest. Criminals using BTC isn't the optimistic result but hey they are using BTC as money so they can also use it to trade. Scammers use BTC to scam. It doesn't matter as long as they use BTC, it's already a good result.
there're four possibilities:
go zero
continue the previous ups and downs, TO THE MOON
become a collectible
become a stable currency and become a network currency bank
Among the above four endings, most Bitcoin believers and their apprentices must acquiesce in the second kind. They firmly believe that the previous so-called rules and rules will continue to be valid, and they will reincarnate regularly.
This is actually just wishful thinking. After all, Bitcoin has only just appeared for twelve years, and it has attracted too much attention and sought after because of its amazing growth. The four endings mentioned just now are actually possible.
the last choice would be the best outcome
go zero
continue the previous ups and downs, TO THE MOON
become a collectible
become a stable currency and become a network currency bank
Among the above four endings, most Bitcoin believers and their apprentices must acquiesce in the second kind. They firmly believe that the previous so-called rules and rules will continue to be valid, and they will reincarnate regularly.
This is actually just wishful thinking. After all, Bitcoin has only just appeared for twelve years, and it has attracted too much attention and sought after because of its amazing growth. The four endings mentioned just now are actually possible.
the last choice would be the best outcome
Bitcoin's issuance method is infinitely deflationary. Because of this, it is difficult for Bitcoin to replace the legal currency of various countries. Its limited size and restrictions on small amounts of consumption make it difficult for it to become a global legal currency. If you look at Bitcoin as a value anchor like gold, what needs to be solved most is how to use Bitcoin on the Bitcoin chain for various DeFi apps. This is actually what the DOT is trying to solve, giving the Bitcoin on the Bitcoin chain a corresponding role.
Despite my strong belief and optimism in the future of Bitcoin, I believe that it is not currently possible for Bitcoin to turn into a global currency that replaces all paper currencies and is used on a daily basis to purchase daily needs from the supermarket or other, the main reason is the problem of high fees and the problem of delays in the network, unless the Solving these problems is hard to see, although I am optimistic that these problems will be resolved somehow. Only then can it be said that Bitcoin will become the world's single currency.
And that's where we are most likely going to be. Well, first and foremost, Bitcoin is already a currency as of today. It is already functioning as an alternative to fiat. It is already being in use in global transactions. But the development is still ongoing for Bitcoin to really become the day-to-day currency of ordinary people.
However, it may happen that Bitcoin won't ever become a mainstream currency. It will be up to the people to freely do whatever they wish with their Bitcoin. I don't have any problem with it. Bitcoin may later on become just a reserve currency or simply an asset worth keeping more than spending.
However, it may happen that Bitcoin won't ever become a mainstream currency. It will be up to the people to freely do whatever they wish with their Bitcoin. I don't have any problem with it. Bitcoin may later on become just a reserve currency or simply an asset worth keeping more than spending.
I personally think that the result of optimism is that Bitcoin has entered a mature stage, and has no longer soared and plummeted. Like today's gold, it has become a stable investment product. At that time, I think the btc price is about 10 times higher than it is now. With the relaxation of policy supervision, the public has become more and more aware of it, and its market value continues to increase, and its volatility will eventually become smaller and smaller. This state is defined by me as the "eternal bull market", although the eternal bull market will inevitably no longer have the myth of wealth.
I think the most optimistic outcome for Bitcoin would be to return to its roots, which is to play to the nature of bitcoin as a currency
Whatever you imagine bitcoin's "return to the roots", it can't "become a currency"* just like that for political and technical reasons:
- central banks and governments will not simply make way for the decentralized newcomer
- on-chain transactions are not suitable for payments at the grocery store
So in order to "become a currency"* Bitcoin has to actually evolve, which is imho the opposite of returning to the roots.
And we'll be getting there too. The SegWit changes were for that reason. LN is also for that and it started to be used more and more.
* Bitcoin is already a currency. For many years already. You can buy a lot of goods and services with it. It's indeed not "perfect" yet for average Joe, who doesn't understand network fees, mempool, block time and such, hence my reply.
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