Topic: You think we're deviating from bitcoin's philosophy? (Read 982 times)
There’s nothing wrong right? That doesn't harm Bitcoin and instead it fosters the market interest in Bitcoin. After all, change is one of the passion that Bitcoin brought, then why should we be afraid of these changes? As long as these changes are good, then why do we still insist?
All evolutions need the changes and it is normal to deviate a little bit to be more succesfull and useful!
The main thing is that bitcoin is actively used. Yes, now it is a very profitable investment, but I am sure that its success as a currency will definitely come to him, just a little later.
I think you are right. In the last couple of years focus of majority of Bitcoin users has completely turned to profit and price has become the most important characteristic and issue of Bitcoin. I think that is quite different compared to attitude and philosophy of early adopters and what the general goal of Bitcoin was.
I could say that this might maybe be wrong and that we forget the very essence of Bitcoin but on the other hand things are changing, Bitcoin is making progress and people value different things. I think that key is to find the balance.
I could say that this might maybe be wrong and that we forget the very essence of Bitcoin but on the other hand things are changing, Bitcoin is making progress and people value different things. I think that key is to find the balance.
Sure, now with all these answers, (I've read them all hehe), I can say that certainly, everyone is looking to bitcoin for different things, some are interested in technology (blockchain), others are more interested in transactions (me) and others in the profits they can get, and I think to meme a little, those different approaches, are good for bitcoin.
I think you are right. In the last couple of years focus of majority of Bitcoin users has completely turned to profit and price has become the most important characteristic and issue of Bitcoin. I think that is quite different compared to attitude and philosophy of early adopters and what the general goal of Bitcoin was.
I could say that this might maybe be wrong and that we forget the very essence of Bitcoin but on the other hand things are changing, Bitcoin is making progress and people value different things. I think that key is to find the balance.
I could say that this might maybe be wrong and that we forget the very essence of Bitcoin but on the other hand things are changing, Bitcoin is making progress and people value different things. I think that key is to find the balance.
I don't think bitcoin will remain an investment. Otherwise, it will simply lose its meaning.
When did it start to have a "meaning"? It is a asset and a person who is using that asset has the liberty to use it as and when they want and however they wish to. Bitcoin gave people the ability to transact without and person intervening in them. So technically as an asset it is perfect so long as it does not lose value. And the value will definitely not be lost but increase.Quote
Moreover, now there are more and more opportunities to use it for its intended purpose - as a currency. More and more organizations and shops accept it as payment. So it seems to me that everything will be fine and we will be able to use it as a currency in everyday life.
Would you go to your local grocery shop to pay in bitcoin? If yes then you are lucky that you live in such a country because most people dont. 
This situation is not surprising. Because any person wants to earn money and improve their financial condition. Few of those who use cryptocurrencies think about the meaning and promote the idea with a noble purpose.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
We are deviating by cheering ETFs, banks and Wall Street traders when they're coming in. We became greedy and oetr focus has shifted. We used to be interested in privacy, security and decentralization. Now it's all about short term profits, pump and dump.
You're somehow right because a lot of people are indeed greedy and most of the big exchanges site are not after privacy and decentralization any more but it all happened due to the previous high traffic which also catch the attention of senior regulators. However, you're not right cause we still have people, businesses and organization who are not greedy and still follow the path of privacy etc. 
Haven’t people thought that we are deviating a little from what bitcoin intended to be? just need to see the first pages of the forum to realize that the discussions focused more on “which crypto will generate more money in X amount of time” or “it is good to invest Y amount of money in Z currency”. Of course, I do not think this is bad, because, in the end, investors and adoption for different reasons benefit bitcoin, but I think we are moving a bit away in the goal that Satoshi had when he put his words in the bitcoin whitepaper, and how do not do it? if is so easy to get lost in the FUD, FOMO, and a cloud of thoughts, at least once a week I have to read the bitcoin whitepaper to try to not lose the way.
Maybe I’m just exaggerating but I’ll love to hear your opinions.
Maybe I’m just exaggerating but I’ll love to hear your opinions.
Satoshi didn't want to be rich. If it were, Bitcoin wouldn't come until today. We're the reason why she left her philosophy. The majority who want to be rich like us.
We are deviating by cheering ETFs, banks and Wall Street traders when they're coming in. We became greedy and oetr focus has shifted. We used to be interested in privacy, security and decentralization. Now it's all about short term profits, pump and dump.
Bitcoin would not have gained such power and scale if most people did not perceive it as an investment. This has greatly strengthened the position of bitcoin in the world, I believe. And work on it as a currency continues. Therefore, it will be used for its intended purpose.
I think that any introduction to bitcoin has a positive impact on it and strengthens its position in the world. Therefore, it does not matter who and how perceives the currency. The main thing is that bitcoin should function at all. And the use of it as a currency in the future will definitely come.
I don't think bitcoin will remain an investment. Otherwise, it will simply lose its meaning. Moreover, now there are more and more opportunities to use it for its intended purpose - as a currency. More and more organizations and shops accept it as payment. So it seems to me that everything will be fine and we will be able to use it as a currency in everyday life.
In a way, yes we seems to be deviating. We look at bitcoin differently and not what it suppose to be. We overlook and overthink of it's purpose and always seeking for the productive outcome for own matter.
You say the right things about the fact that we really deviated from the philosophy of Bitcoin and it was not used for the purposes for which it was originally intended. Nowadays, people treat Bitcoin in absolutely different ways. Someone considers it an investment tool, someone considers it a currency, for someone it is just an interesting toy and so on. I believe that in the future, Bitcoin will take on the features of a currency and people will treat it exactly as a currency, and not as something else, but this takes time.
Most people right now more interesting on how to make profits from crypto market. When bitcoin start traded, i think people more interesting on the price rather than the philosophy because most of people just want to speculate with their money and making profits from it
People just want to take advantage of the opportunity that the crypto market can offer. The exchanges that exist before are that of forex, commodities, precious metals, and stock market which already has a stable price and a lot of money has been poured in so if you are a newbie in there then you would just be eaten by the whales. If you start in the crypto market then there is still a possibility of earning a profit even if you have a small capital because it has huge movements.
I don't think we're deviating from bitcoin's philosophy but instead, it would be called innovation for me because we are exploring ways of how we can make use of the coins and how it can help us in our lives.
Most people right now more interesting on how to make profits from crypto market. When bitcoin start traded, i think people more interesting on the price rather than the philosophy because most of people just want to speculate with their money and making profits from it
Bitcoin has been created to be a currency. But what is happening now is completely normal. I mean the price rise is inevitable and we cannot claim those who are trying to use this opportunity. Assume that bitcoin price was 1 dollar when it was created and it is now 1 dollar now. The total market cap is only 21 million dollar. Can it be a global currency? Bitcoin needs to have more market capitalization to become a global currency. As the total supply is limited, so the price must rise to reach that goal.
I see what you are talking about but to my mind we aren't deviating from btc philosophy. It is the best technology i have ever seen and it will bring us many pros in the nearest future
The early bitcoin users were mostly cypherpunks. The emphasis was on trustlessness, decentralization, cryptography and privacy.
Today, most newcomers are investors---they don't understand the technology and operate mostly off buzzwords. it's annoying,
But i think it's also part of the original design. i can't find the quote, but i'm pretty sure satoshi acknowledged that if it ever caught on,
BTC would become extremely valuable.
Today, most newcomers are investors---they don't understand the technology and operate mostly off buzzwords. it's annoying,
But i think it's also part of the original design. i can't find the quote, but i'm pretty sure satoshi acknowledged that if it ever caught on,
BTC would become extremely valuable.
Jump to: