Topic: You think we're deviating from bitcoin's philosophy? - page 2. (Read 982 times)
Just at this stage of its development, people see it more as an investment. But there are people who already use it as a currency and this trend is increasing.
I love btc and think that it is the best coin ever. to my mind, btc philosophy is the one we should follow.
I think that btc is the best and smartest system on the market
I think that btc is the best and smartest system on the market
I do think there is a deviation from the original idea, but you will always see people using it for what it was for. Both exist together and when you think about it, it's the same IRL, people use the money for their needs and some invest in. So it's a matter of users/investors ratio
@TheUltraElite White Papers are like the FAQ, nobody read them.
@TheUltraElite White Papers are like the FAQ, nobody read them.
It is complicated though, I dont think most members of the forum have access to the forum or have had the chance to read the bitcoin whitepaper.
If someone is going to put their money into some new project they should read the whitepaper. Although bitcoin has become so popular, yet it is true that many people never actually read the original whitepaper of bitcoin before buying it or supporting it. But that did also shape the basis of starting other projects based on ICOs.Quote
I believe their deviation from the core vision of bitcoin as speculated by Satoshi is merely due to ignorance.
There literally has been no deviation. This thread has become a shitposting tavern like the thousand other threads in this section.Quote
I dont think people are intentionally deviating from bitcoin's philosophy hence we need more education on the whitepaper.
Education of whitepaper does not make any sense. We should propose that people do read the whitepaper and understand the philosophy better. However not everyone's acumen is the same. 
As most posts in the forum, but well, who can blame them, the system is designed to practically reward shitposting (I do not exclude myself) at least we got some good insights and useful information, and of course the whitepaper is simple enough for a person who knows how to enter websites to understand it, it is not even necessary to understand the part of the cryptography, which for me is the most complicated one. To learn to understand the concept and the need who created bitcoin is more than enough.
I don't think there is anything wrong with that, Satoshi-sama have thought that the value growth can be used as an investment tool, but in the practice it occurs that the movements are wilder than they usually do. Like the USD, when the price rise, the holders of the USD will go straight to exchange it into local currency even though the initial purpose of creating USD wasn’t for this but it was a common thing for us to do.
sure. 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.
after climbing from $0 to $20k, it's only rational that some people are chasing the price. it's a distraction, but it's also a natural side effect of exponential network growth.
after climbing from $0 to $20k, it's only rational that some people are chasing the price. it's a distraction, but it's also a natural side effect of exponential network growth.
when come to money. it can corrupt anyone.
The result of satoshi's vision is to gain worldwide acceptance of his decentralised currency. However there wont be much interest unless there is huge profits involved. I'd say it is working so far
You are right, that is exactly what I was thinking about. I believe we are still focus on spreading the good news of bitcoin to the rest of the world. I think bitcoin enthusiasts have not deviated from the core philosophy behind bitcoin. There are many issues such as government interferences that is hindering the progress of bitcoin across the globe.
Yes, we are, but that's just because we discover and maximize its opportunities. It's a natural process. As long as bitcoin and its technology develop, they will bring new opportunities and new focuses on how to use them. It is not bad, it’s just the next stage of development.
we really chose the wrong path that preached Satoshi and it seems to me that this is not the right choice
It is complicated though, I dont think most members of the forum have access to the forum or have had the chance to read the bitcoin whitepaper.
If someone is going to put their money into some new project they should read the whitepaper. Although bitcoin has become so popular, yet it is true that many people never actually read the original whitepaper of bitcoin before buying it or supporting it. But that did also shape the basis of starting other projects based on ICOs.Quote
I believe their deviation from the core vision of bitcoin as speculated by Satoshi is merely due to ignorance.
There literally has been no deviation. This thread has become a shitposting tavern like the thousand other threads in this section.Quote
I dont think people are intentionally deviating from bitcoin's philosophy hence we need more education on the whitepaper.
Education of whitepaper does not make any sense. We should propose that people do read the whitepaper and understand the philosophy better. However not everyone's acumen is the same. 
Maybe because the supply is very limited and it's hard to generate more because of the company mining it, and everyone puts value on it and everybody wants to acquire compared to dollar where you can resupply, you can only do this if you will fork Bitcoin and many coins are forked of Bitcoin but they are not gaining support enough to topple Bitcoin.
you are right. bitcoin created to be an asset than a currency/medium exchange. Proof of Work causing centralized mining and limited supply is not suitable for a currency/medium exchange coz number of ppl will always growing more and in the end will be not enough satoshi for all people to hold it
Well in a way yes in the sense that bitcoin was created to serve as another mode of payment system but it is being used more as an asset than a medium of conducting transactions. However, we must not give up hope since such a change within our traditional financial systems could take time but we know that in the future things will get better.
Bitcoin is an asset which its price will likely rise. This is what many people expect. It's normal people are thinking about the profit they can make using this opportunity. Bitcoin will be finally used for what it has been created.
Consider Facebook. Many people are using that and are enjoying. But there were many people bought its shares at low price for big profit. Bitcoin is the same.
Consider Facebook. Many people are using that and are enjoying. But there were many people bought its shares at low price for big profit. Bitcoin is the same.
It is complicated though, I dont think most members of the forum have access to the forum or have had the chance to read the bitcoin whitepaper. I believe their deviation from the core vision of bitcoin as speculated by Satoshi is merely due to ignorance. I dont think people are intentionally deviating from bitcoin's philosophy hence we need more education on the whitepaper.
I think we are putting a lot of confidence in the common citizen, remember that there are many companies and whales that manipulate the market behind the scenes, what I fear is that powerful whales behind bitcoin, never let it stabilize and it became always a currency that is used for speculation, something that would be really regrettable for such a promising technology.
I agree with the others. Bitcoin is still evolving. Are we deviating from its philosophy? Possible. Especially now that there's a focus on it as an investment. But since it is a process, hopefully, we will get to where we need to be --and that is a safe and secure place where we can effortlessly be a cashless society led by a fully functioning digital currency.
Yes, probably in some ways we are but it is also evolving... and with evolution and growth comes change, which can also mean to the philosophy. Now, I am not agreeing with the change and still believe education is the key to a good investor but some disagree I know
I agree that bitcoin and the concept of cryptocurrency is evolving. How can it remain stagnant when society is at a stage of learning it, embracing it and discovering its many benefits and uses? Sure, others get sidetracked with profit possibilities, but perhaps the technology could speak for itself? Once we’re fed up with the traditional banking system, for sure everyone will be clamoring for crypto. Do you agree?
God knows if we are building it while destroying it, or we are destroying it while marking it perfect.
Stop posting bullshit generic posts, idiotic shitposter.I think the market is still growing although not as anticipated but I believe this is a stepping stone for us and it will remove the weak ones.
Thats true for every market and everyday that trading happens. Its not what is important in the vision of bitcoin. Weak hands will lose their money and if governments scare people away from it, they will sell off their coins. Its not much of a big deal.The pursuit of money has long been the main goal for most people. The fact is that at present this is happening in almost all spheres of activity. Capitalism is actively promoted and therefore actively developed.
Bitcoin was made in an anticapitalist ideology. I dont know how far this was actually successful, because the capitalists are also the biggest brains and the biggest receptors of change. They will themselves buy bitcoin from their cash and thus take part in crypto.
Yes, probably in some ways we are but it is also evolving... and with evolution and growth comes change, which can also mean to the philosophy. Now, I am not agreeing with the change and still believe education is the key to a good investor but some disagree I know
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.
Bitcoin does not deviate from its path. He just has such a period of development. To use bitcoin as a means of payment, it must be less volatile. However, he now behaves quite steadily. I hope this will continue. The only problem is that many expect bitcoin growth rather than developing it as a means of payment.
That's right, most do want bitcoin to be more developed and have a function that is always alive. Bitcoin is one technology that will continue to grow and have more benefits than that. In a long time, bitcoin will continue to move, having more value than we think.
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