Bitcoin Forum

On the eve of Halloween 31 October 2008 satoshi wrote
"I have been working on a electronic cash system that's fully peer- to -peer ,with no trusted third party."
Can we say that his work has been done or is still a work in progress .
" What has been the development of Bitcoin and improvement since that statement was made till now?
And will Bitcoin (satoshi dream or goal ) be fully accepted in the world as a means of payment?.

It will always be a work in progress. I'd imagine Bitcoin wouldn't have a sort of "final form".

Literally everything you see regarding Bitcoin is a development and improvement since the whitepaper was released. Heck, the day the whitepaper was released, the software and source code wasn't even released yet.

Adoption is increasing, but time will tell.

For me since he already left the project, so I would say it's done already.

It has been used as means of payment already, but it has evolved in so many form, becoming one of the greatest assets in the last 10 years or so. Well, there LN, and then we have the threat of quantum computing, and maybe in the future it will progress if ever SHA256 will be broken, so obviously we will have to move to a more secure hash algorithm.

Work in progress. I mean, it would and will always receive some sort of change, its form right now may look to be final, but it isn't set as final yet since it can always be changed as long as the entire community agrees. We may say that that is nearly impossible, but still, it isn't completely impossible, hence why it should still be a work in progress. You can see Bitcoins development right now, it is what it is. Changes for Bitcoin has always been public, and as for adoption, only time will tell, though imo it's just a matter of time.

Further developments are surely needed before this thing come to existence. PayPal indeed made a huge move of accepting cryptos as a mode of payment but the reason why is more likely related to taxation or profit in short. It is not even a crypto to crypto transaction. There is still a need to convert in fiat and that's not what crypto adoption is. Third party network is somewhat a good thing to happen especially if the network is having huge influence for other businesses to also do so and for more people to recognize the existence of this technology. But if it is only the name which will be adopted, then changes will not be that big.

I think we could say the main idea has been successfully achieved: it's p2p and doesn't require a trusted third party to function.

Bitcoin has changed drastically ever since. A ton of new functions and modifications have been done - you can see all the changes on the Bitcoin GitHub repo (https://github.com/bitcoin/bitcoin). We've had hard forks, big flaws that have been fixed and so on. It's like an eternal baby growing up.

Fully accepted? It depends on what you mean by "accepted". If you're talking about worldwide adoption, it'll never be. There will always be an opposition somewhere around the world. But right now, Bitcoin works in any corner of the world as a peer-to-peer electronic cash system. So if you take it this way, it's already working everywhere around the world. :)

No the bitcoin has not fully served its purpose .true its a pear to pear coin with no third party but it is not acknowledged by the world so we can not use it fully on daily basis and bitcoin must became an official coin because its price is determined by the market and goverments can not interfere.

It is because of decentralization. Bitcoin is indeed under the process of development and there are still things to work out for it to be widely accepted as a currency across countries. In terms of being an ivestment, it is really showing advantages over other investments but as a currency, it is still lacking in some aspects. Due to its volatile market value, many people still are afraid of storing their wealth into this technology, simply because of the risk. People are more seeking to assurance. Due to the market volatility, the market price tends to move most of the time which gives risk to their wealth if they would invest, which we cannot blame them from doing so because that's their money in the first place. No matter how we convince them, if there's something making them uncomfortable, they won't.

As long as bitcoin exists and it keeps being used by people then it will always be a work in progress and this is because just as governments improve their response against bitcoin, bitcoin will have to improve as well and it will never be done in that sense of the word, now about your other question about if it is going to ever be fully accepted around the world that depends on what you mean, bitcoin can already be used all over the world the only thing we need is adoption, but if what you mean is if if at some point in the future all governments of the world will accept it as an official form of payment I can say I do not expect to see that during my lifetime.

Bitcoin is a work in progress, just like any open source program.

Left or died?
When a project gets abandoned it doesn't mean it's finished.
Let's think of an example. You are working on a book and get sick before finishing it, but whatever was done gets published anyway. Was it finished? Did you leave the project? Also no, because you're still alive and can technically add to it in future.

 

Bitcoin is open source and there are many contributors who actively work towards the development of bitcoin.
If you want to read the previous developments bitcoin had implemented then you can read the BIPs(Bitcoin Improvement Protocol)

https://github.com/bitcoin/bips

There's so much more to improvise to it and I am sure that several such developments will take place in future.

Bitcoin can already be used by anyone in this world, without exception. but the problem is the regulations in each country. Regulations regarding the use of bitcoin as a legal tender are still in conflict for some countries. Adoption may be all that is needed to make bitcoin even more trustworthy, but what kind of adoption? Becoming an official payment is indeed very difficult and almost impossible. Due to the fluctuating nature of bitcoin and it cannot be controlled by anyone. Bitcoin is only another option for payment for goods and services but not the main payment.
We also don't know the future of bitcoin, because bitcoin continues to be developed and improved so that it can be accepted by everyone.

Good thing Satoshi was a very smart person because when he/they decided to leave and become anonymous, he leave Bitcoin that has an open-source code that everyone can make progress on it.  If you will be having research, Bitcoin developers were increased each number per year.  It means there are a lot more interested to make progress on Bitcoin source code which found here, https://github.com/bitcoin/bitcoin.

For the second highlighted.
Bitcoin was now mainstream and I think Satoshi Nakamoto might happy to see that Bitcoin was now very popular all over the world.  Even though there are some countries that prohibited using Bitcoin but at least the vast majority are recognizing this as an alternative in online payment, most especially at this moment when really need cashless payment.

I think that is still a process and a future question but at the current time, bitcoin has done well. Many countries have been using it and for those that are using it, bitcoin has been seen as an option to their payment system especially in digital level. Also going by 3 years ago, the rate of users have increased and this year's pandemic, covid-19 has also made the bitcoin more popular.

Changes had been done to Bitcoin after Satoshi leave, its actively developed even today.
What has been the development of Bitcoin and improvement since that statement was made till now is that its now adopted by us and are considered currency already. I'm not familiar but some improvements is that layers are created by developers on top of bitcoin.

We are coming there.

The adoption rate for the past years has increased. You can imagine how fast it is to see the adoption rate. Before, you can't see people and enterprises getting interested of buying and holding it.

In present, you see them quick in purchasing it and not just purchasing it, they even want the newly minted btcs.

It is a tasty pear  :P. The reason for the delay in transaction is because the world has acknowledged it has a currency but it is not able to accept all the transaction, but it is a development in progress ;).

His full vision can have many interpretation but we are yet to fully understand his entire vision. Right now BTCitcoin is an alternative payment system and with more developments we can see everyone using it as a payment system.

I believe that the development is still in progress because little by little we saw improvement and development in bitcoin as an electronic cash system like having an ATM machine in other area and being use of bitcoin as payments method in different platforms like in paypal which is now also going to accept bitcoin.

Its still on progress yet the line or statement itself do tell that he had been working for something and we know that the first
bitcoin been mined wasnt on that date so its under development. About developments and improvements then it had been tried to do such thing
even up to these years on solving up main flaws of Bitcoin itself ex. LN but its still under development and havent been perfected.
In regards to the question if satoshis goal have been reached then most likely yet he havent even expected for sure that his creation Bitcoin
did really make that big on what we are seeing now.Fully accepted? adoption is on the move but dont expect for full scale.

It's both. Satoshi successfully released and launched the Bitcoin protocol, and it is a peer-to-peer electronic cash, it's just not a widely used one, but it doesn't make it any less decentralized or electronic. Of course there will be always work to do, just like with any other complex software, so in some sense Bitcoin will never be finished, but that's a good thing, because it means that Bitcoin is progressing and adapting.

Some people would say that Bitcoin can only succeed if it's adopted by a lot of people, but I don't agree with that, as long as there's at least some users, then Bitcoin is not useless.

Exactly as long as bitcoin keeps being used by someone around the world then it has an use even if it is a limited one, however it is obvious we are expecting that bitcoin does in fact becomes used all over the world by a great number of people because as we know that not only means that we have a freedom when it comes to our money that we did not had since people used physical gold on their transactions, but this will mean also that the price of bitcoin will have to skyrocket because as we know the amount of bitcoin we have at our disposal is limited and that is never going to change.

It's been decade since it began. A lot of country already adapt bitcoin, but it is not yet fully recognized in each country. It will take more time before it happen, the good thing is, people are already aware about "cryptocurrencies" it is already in different platforms, top searches and many people are using it. Soon it will be recognize as one of the currency of some countries. It is accepted in some establishments anyway, so I think sooner or later it will be.

We are already heading there and a decades time is just still young and it would still takes time before everything can be considered to be accepted globally but recently we have seen that
main or big companies are already reconsidering Bitcoin's usage and had been integrated as one of payment options which is great.We do know on whats the true motive on why its
being created in the first place and for sure that Satoshi doesnt even expect that his creation did really make this far in case he had been able to see it as of now.
No one knows if he's still alive and just observing or  had been long time gone but what matter most is that his creation did really progress out.

Can we say that his work has been done or is still a work in progress
To my knowledge there is no statement from Satoshi Nakamoto that work has been done, so I believe that a work is still in progress.
After all Bitcoin is open source code, so anyone can make progress.

What has been the development of Bitcoin and improvement since that statement was made till now?
The developments and improvements that have occurred in Bitcoin include having ATM machines, hard forks, Lightning Network and Segwit.

And will Bitcoin (satoshi dream or goal) be fully accepted in the world as a means of payment?
Nobody knows the future of Bitcoin, but I am optimistic that Satoshi's dream will come true that Bitcoin will be accepted worldwide as payment.

Not yet done, the development still continues, and worth waiting.
If Satoshi has been said that probably he'll have a reason but I won't think that He will good to say that we are already reaching the final stage. That being hopeless and people will show less interest in this if people know about that.

We're about to neglect that information, Bitcoin will continue to rally as the adoption got strengthen. We'll not hopeless either to think that sooner or later, Bitcoin will be considered as a global currency and we live that possibility.

If is fair to say that the world has come very far in terms of adopting decentalised currency in the last 12 years but we haven't yet reached the point that Satoshi would have dreamed of. We are still slowly seeing adoption by larger institution and other common people and more and more new companies trying to adopt the decentalised way.

Adoption is all with time, it's not going to happen overnight. It might not be fully adopted by everyone, because not everyone is interested in what you are interested in, and you can't force them, but as time goes on there will be more people of same interest that will come to start making use of it. And now that PayPal has joined the league of institutions and companies that are backing Bitcoin, we are going to see a surge in the adoption rate since people will now be creating a trading platform for their over 350 million users. Before we were never expecting this news, but it just happened. That's how it is.

I could be already occurred, depending on how we use bitcoin and treat it in our lives. Some are actually valuing bitcoin for peer to peer transactions completely without the interaction of any third parties but some are just taking bitcoin for profit because of its volatile high market price.

Though we can say that while it was already providing us the service that it promises, it can still be in progress as development could always happen as part of maintenance, and perhaps, there still a lot of things to improve in the bitcoin network's protocol to make sure that we are transacting more efficiently.

For me, It is still in progress, I know that Satoshi still has a plan for cryptocurrency but unfortunately, we don't have any source about him so we cannot say if he is still going to do some other things in bitcoin. cryptocurrency becomes prominent all over the world and by that it has the big possibility that if Satoshi is still there he would do something to make it more better.
That's true, cryptocurrency is not yet familiar in the whole world, there are still some changes to do with the current system in bitcoin to make it good and popular all over the world.

I do not know why you think that since the code of bitcoin is always been improved, the moment this stops we can say bitcoin is on his way to die which is why the core devs spend a great deal of time thinking about how they can improve bitcoin, it is a long process and a very delicate one which is why we see this as being too slow but it has be this way, bitcoin has a market cap at the moment of 280 billion dollars, the developers cannot be reckless when it comes to the updates or they could lose the confidence of people and that is simply not acceptable as all forms of money depend to a certain extent on the trust of the people.

yes, his job is done.  now the bitcoin market will determine the bitcoin in the future.  and I predict bitcoin in the future will be better.  we see how bitcoin has been going since 2009 until today.  2009 bitcoin is worthless and bitcoin value is very low.  but now everyone is talking about bitcoin.  2017 was the peak of bitcoin at $ 20,000.  it was bitcoin's starting point.  The bitcoin crypto market cycle will exceed its future starting point value.

nice trivia i didnt know that bitcoin celebrated its anniversary recently. i know the year where btc start but not its month . its work is done because we already have a btc and we are already been using it for a long time now and the founder already dissapear because if not , all of that wont be possible . whats working in progress is the acceptance . many people already know btc and can be called as btc users but there are still few out there that are not yet unto this movement . the improvement are acceptance , i wouldnt enumerate all because acceptance already covers them . sato or just any creator do have a dream that thier creation will be known to the world .

Still work in progress until is fully legalized in all the countries of the world. Many countries are still watching the currency to see if it will close 13 or 20 year before they can believe that is not a scam currency but real decentralized currency which is real for the people of the country to start using it for investment. Many are still afraid about the transaction of bitcoin, the way the transaction is faster than fiat money transaction.
Satoshi Nakamoto really understood it that once this digital currency is done in the world,it will surely bring development to all country that make it legalized in their environment.

All your questions is answerable only by reality,meaning until things happen we cannot predict everything specially that adoption that you are looking  worldwide.
This is not anything that we are seeking to happen faster but at least assurance that 1 day this will come ,maybe not for us but for the people in our family and friends that may benefits for the goodness this can bring.

The work is in progress because bitcoin has not yet become globally, and it needs more time to introduce bitcoin to the public. The development and improvement of bitcoin grow from that time, and we are now seeing bitcoin slowly accepted in many countries. Bitcoin can become the investment and the payment method, but it will need more time for bitcoin to be used as the payment method.

And if we talk about when we really don't know and don't have the right time to see when will bitcoin be fully accepted because that will depend on each government to react about bitcoin. They control the regulations, and they need to learn more details about bitcoin before fully accepting bitcoin.

I think since bitcoin was introduced to market, it is already been occured but its marketing and maintaining of its existence it in the market are still in progress, will still continue in the progress until it is fully acknowledge by all people.

I think it has happened and is still in process, meaning that every system that exists in a technology over time of course there will be a change. Improvements for an innovation that are developed will definitely occur, so I think the development and improvement of bitcoin itself has occurred even though indeed, to make bitcoin a payment instrument requires development and improvement so that it can be accepted more widely so the dream will always exist and will continue to be processed.

The work hasn't been done and will never be. Right now, bitcoin is in its very early stage. There are a lot of space to improve over here and people all together are still contributing. As for the "never will be" part, it is true. It will keep on improving as long as the environment, technologic, people, economics and so on keeps on changing. Do you think "technology" has a final form/stage?

Bitcoin? Maybe not. Some centralized cryptocurrency, maybe.

I believe Bitcoin is still in progress, because there are still many shortcomings of Bitcoin that need to be fixed. Since Satoshi statement
Bitcoin has developed quite rapidly, and Bitcoin has also increased. So the demand for Bitcoin increases and makes the price of Bitcoin
even more expensive. Regarding Satoshi Nakamoto's dream of wanting Bitcoin to be fully accepted as payment has started to come true,
because some countries already accept Bitcoin as payment.

His work on his end should be considered done. Less he knew the system he proposed will be commercialized in a negative way.

You can follow that yourself on the GitHub repo and maybe look at the release notes for each release? https://github.com/bitcoin/bitcoin
To answer the last part, don't know where you read it was Satoshi's dream to let bitcoin become the primary currency of the world. As of now, is bitcoin accept as a mode of payment? Yes!

Yes, this work has been fully completed. I see some comments saying its still a work in progress but how can that be? Cause Satoshi successfully created the cryptocurrency with no third party.


A lot of people who did doubt on this possibility have come to agree. Like you and me. If Satoshi told us he'd create a digital currency with no third party, we could laugh it over. But, he has been able to create this currency and win people to it. 

Yes and no. There are big reasons behind the yes and same case for the no. But we really can't tell until it's time.
Even if you asked Satoshi himself, I don't see him giving a straight answer.

btc wont go this far if it didnt made any changes and that changes was meant to improve its use  .

 by the way , was it a co incidence only that paypal starts to unite with crypto on the month of october or they intend it to schedule to give prior to the birthday of btc . it was nice how a giant payment procesor gives respect to the great btc .

 month october is the start where btc will now became a worldwide use with the help of its friend paypal . this said event is one of the biggest development in the history of btc so far and yes it will be in progress .

I think he already made it just see what bitcoin now. It is fully p2p using bitcoin network.  If you only have bitcoin client downloaded then you are already part of the bitcoin network which yoi can do transaction and broadcast them to other bitcoin client. Once the node accept the transaction then miners will going to confirm it and place the file on the blockchain. Is there any third party service involve? No there aren't other people involve except the machines being used in the process.

Yes it is done but subject for modifications. There are many things to consider with bitcoin as digital currency,.asset or an investment scheme this after that it is slowly emerging on the community worldwide. Aside from that other know people or countries wanting to get or create their own cryptocurrency and that can change the existing cryptocurrency in the future depending on the influence it could get to others as well.

The progress is actually unreal, bitcoin is started in bottom but look now how far its achievement. A page 9 whitepaper that have a billion-dollar system inside, we are still in the beginning of the cashless society. The goal of Satoshi became true and it is really incredible because as time passing by, the number of people who are patronizing bitcoin is keep increasing. There is no doubt that the bitcoin have a bright future wherein it can really become the future currency in every economy. But it will take time where it will not happen easily, there are hurdles and obstacles that the bitcoin should face first before the public will fully patronize it.

I agree with this statement of yours, bitcoin as a number one cryptocurrency continues to strive for more. It doesn't stop instead it keeps progressing. As we may say, bitcoin's value still remain volatile but that doesn't make the reputation of bitcoin as bad. We haven't imagine that this digital currency that has been built year ago will boom and made a great impact for everyone's life. Currently, after the bitcoin's anniversary, we may notice that it's price is becoming greener means that the price is increasing which is a good thing.

I believe the bitcoin development is an unending process due to the fact that there is always room for improvement and advancement. Santoshi in 2008 set the ball rolling and subsequently development will follow. So I will boldly say it a job in progress.

Unending in a sense that updates in the future will not interact with the core features of bitcoin. As far as I know, the code behind the development of bitcoin is final, meaning, we don't have the capability to implement new features, nor make any changes to it. What we can just do is to develop the resources that we have such as hardware, and how we could efficiently connect bitcoin's feature to new technologies. Honestly, up to now, even segwit update didn't solve the issue of huge transaction fees completely. Mining as well becomes more and more complex and hard that hardware needs to adjust and improve.

We have every reason to believe that Satoshi Nakamoto has succeeded in his pursuit to create a completely decentralized system of transferring value between independent participants. He came up with a unique invention that gave ordinary people the never before seen power to have all-encompassing control over their money. For it is an invention for people, Satoshi also allowed the users of the system to control the bitcoin network itself, enhance it, and add any desirable features. As a creator of the system, he had a right to name it whatever he liked and assume its potential future use cases. He thus decided to call his invention "Bitcoin" and said it is "A peer-to-peer electronic cash system." But once he handed over the invention to the users to further develop it, he thus confirmed that it is now up to people to decide what they want from it. Satoshi did his job nicely, but the development of Bitcoin will continue because people are now incentivized to make the network flourish.

code behind the bitcoin could be changed, but decentralized consensus is needed for that, there is a requirement for a broad consensus, or the changed code will be hard-forked from the main code
it is not likely to happen, but one should know that it is possible

Yes what ever you see or hear, You just need to be taken note Of it, It will really be accomplished when the time comes, there is no particular time for anything in bitcoin, it happens when ever it time, No need to be waiting or expecting, Bitcoin is hundred percent, Just keep on looking and getting your information from your source ok

Before Bitcoin and when it was created, yes, it was Satoshi's dream, but as you can see now, Bitcoin was the dream of all of us including you.

Of course, accepted all over the Bitcoin world today, more people are crazy about Bitcoin, than international artists.

back to what satoshi wrote.
peer-to-peer; When interpreted as Bitcoin very broadly, around the world, the purpose of peer-to-peer writing is: friends for friends, buy to sell, poor for rich, in the mine to invest and so on, that is the purpose of satoshi, which in essence: Bitcoin is created as below.

Still in progress but it's achieving and the whole world are witnessing what this statement is all about, being used for cashless
transactions and it's beyond borders, a great achievements that being accomplished.

Little by little adoptions coming from known businesses are approaching, in due time  this dream will come true and everyone
will recognize the existence of this system and be embraced everywhere.

What other goals are you talking about? I think in that statement Satoshi was referring to his purpose for creating Bitcoin, which has already been accomplished by releasing Bitcoin. So, he wasn’t saying it is not something that hasn’t been accomplished. Bitcoin itself is the peer-to-peer payment method that’s being referenced to and it has been done.

So, the next thing now is that it is up to we to start adopting it and making a lot of people to do the same, though I am not trying to say that the whole world will adopt it. I see it that it would be something as PayPal, doing the same thing that PayPal helps us do.

The core principles of bitcoin are probably going to remain that way forever however the code and many additional features will be implemented in the future, and this is good once a piece of software is not updated anymore it can be subject to all kind of attacks that were not known before so the developers need to always been on guard in order to avoid being surprised, so people should not get discouraged because they see the latest bitcoin core release is 0.20.0 thinking when we will get to 1.00 as that does not make sense, bitcoin has been functional since day one and the only thing we really need now is more adoption, which is underway already.