Bitcoin Forum

It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"

Twelve years ago, each bitcoin cost less than 1 dollar, and until now, each bitcoin has cost 17k. How can you doubt and say it is a failure?
If you bought bitcoin for $69k and now your assets are losing 80%, then it's your failure, not bitcoin's failure. If you haven't sold your bitcoin you still have a chance to succeed with bitcoin hold it don't sell till profit.

Since you are talking about the software and not the market capitalization, then let's take a look to that side of the Crypto. Here is the list of the Releases:


It started as a 1 man's Job and then a lot of people get involved without getting payment, just for their love of the code, and right now there is version 24, so, I don't see any failure here, for me this project is a full success.

Bitcoin has been one of the most successful open-source p2p projects of all time.

It's really been a long run for Bitcoin and there's a high tendency that this technology would be 'here' for more years as our technology advances. But to answer the question if it is a failed project, it depends on your view point. If you view it as a mode of payment, then this technology still is so young because many countries are still not supporting the usage of this currency. But on investors' viewpoint, it is successful for having a 'continuous' growth in its price over years which makes it still a good option as an asset even if its market value is too volatile. As more countries adapt to this technology, we would more likely see growth on how this currency will be acknoledged by more people.

You do know that the paper that satoshi wrote it stated that


That's already been done, and that objective was obtained years ago. How is that a failure?

Do you maybe want to tell us what you think he originally set out to do, back it up with some quotes, and how it became different than that?


I think that in ~13 years Bitcoin achieved way more than anyone (including Satoshi) thought its possible in such a short amount of time. You have to be completely unrealistic and naive to think that in such a short period of time Bitcoin can replace fiat. And even if that never happens (which is unlikely anyway) it will have its use.

Maybe that having a recognize fully decentralied peer to peer electronically digital currency such as bitcoin is a well foolproof success of Satoshi. Yes there much a lot of expectation but the goal was indeed done. Maybe developers working on it find it too perfect for much an upgrade with it.

I dont see why bitcoin is a failure in spite of it being adopted to whole world.

How would you even define "failure" for Bitcoin anyway? Afaik Satoshi already made Bitcoin a success when he made it as a p2p system with no 3rd party involved, anything after that is mostly improvements, bug fixes, etc afaik. It didn't have any change to its core idea, which is p2p.

Additionally, what is the "current" situation? Is it about the price? I don't think the price being high or low matters, the system behind would still work (and if you lost your investment due to that, well that's kind of your fault as an investor). If it was the FTX fiasco heck that's far from being related to Bitcoin working as intended. If it was adoption, well, if you were to compare it from the start, pretty sure it's progressed rather well.

A success of a project or innovation is subjective. It always depends on the parameters you are using while judging it's success or failure. Also it's not essential that an innovative product will always achieve its desired goal using the same path it was initially thought out. It's a very different thing!

Bitcoin is a huge success! Yes probably we are not using it in a way it was intended by Mr. nakamoto, but that doesn't mean it has failed.

Rotund success. Its still working today as intended. You can pay and be paid with Bitcoin, no banks, no exchanges required. 90% of the coins have been already made, so there are no excuses not to use it. Each person decides individually when to use it and how, it is not dictated by neither the State or financial institutions. Its truly a grassroots made money that can't be manipulated on the whim of a few.

All that remains is even more adoption, and that means education of the masses, which only you can do. Remember this: Bitcoin is not an exchange, and its not about exchanging your fiat into it (yes you can do that but) get paid with bitcoin and pay with bitcoin is the real goal.

If you used that quote then we can say that has not be achieved because most transactions with bitcoin make use of a third party in form of escrows. It is often not a direct transaction. It is only in few cases that trades go on without escrows and that will be with someone they have transacted with before. New transactions demand escrows.

When I first entered Bitcoin space 10 years ago bitcoin was nothing else then it is now. Yes there are many idiots like FTX in the game now, but you had different idits then (BTC-E, MTGOX, etc.). So in my opinion it is a success.

Well, I can agree that Due to Satoshi's disappearance the development of Bitcoin may have been a little bit subverted but I guess the main idea is still there. I still believe there is a strong community behind Bitcoin that will protect it at all costs. This means that the future development for Bitcoin doesnt have any plans to turn it into a POS network, which would be the end of Bitcoin as we know it. As said, I find this very hard to happen, so Bitcoin will keep representing Satoshi's main idea for long.

Thus far bitcoin is successful, otherwise we wouldn't be talking about its credibility if it weren't so successful. If you meant to ask if it was successful as a p2p system that could act as an alternative to fiat payment channels, it still too early to say that. The cryptocurrency bitcoin has been here for a short while compared to thousands of years of fiat usage and utility. So to say that the bitcoin has failed this early is a little bit unfair for the coin in a sense. Anyhow, I do believe the potential is still there, not only for profit but for revolutionizing the way people look at money. Bitcoin, when treated and used right may also be used to incite democracy and give the power back to the general public instead of the elite 1%. We are seeing some of these effects now and as long as bitcoin keeps on, we would see more of it in the future.

I think Bitcoin in fact went the way Satoshi wanted it.  There is still a lot to work on, but overall it is a BIG improvement since 2010.

How can you call a project worth hundreds of billions of dollars a failure?  Bitcoin is progressing like never before.  There are flaws and exploits that have been fixed, we have markets like Bisq that provide a perfect environment for using Bitcoin as an exchangeable currency in a Peer to Peer way.  We have Lightning Network, SegWit, mining is still doing great and there is nothing to really worry about.  Bitcoin is doing very well right now.

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Regards,
PrivacyG

The world is changing. Technology changes to keep pace with the current state of affairs. There is nothing bad, or even good, about this. There is this fact. Consider it that way.

The current situation may turn out to be an intermediate stage on the path to a "pure" world. Most likely, this is exactly the case. Humanity and the world may not yet be ready for this, but I would like to believe that it is moving in this direction.

It is not necessary to say that "nothing succeeded", drawing conclusions only on the basis of intermediate results.

I was not around at the time bitcoin first started however in order to know if something is a failure or not we need to know what were the goals of satoshi when he created bitcoin, his aim was to create a decentralized currency which did not rely on a third party for two people to transact with each other, and bitcoin has been capable of this since day one, so bitcoin has been a success since day one too, the many years that have passed since then will allow us to determine the magnitude of the success, and personally I think that bitcoin is proving to be a major success.

I actually love the fact that you stated it out that it started 12 years ago. Look at its roadmap and how it has grown through this years. Compare it to the so called shitcoins that came over to made corrections to it and how they are doing now. A successful project does not just bust into the scene and take over from something like fiat been back by the government. Bitcoin is on the right move and it will continue to develop (that's why BIP's are evolving). If its the continual swing between the bearish and bull period is the reason for your statement then that has been part of it because of its volatility but as a store of value its actually not a failure

Year 2009, bitcoin was released and implemented as an open source software thus beginning the slow and gradual global adoption and use of bitcoin. Then, the number of bitcoin holders and users were but a handful and people really didn’t know what bitcoin was.

Year 2022; bitcoin is thriving as Earthlings have now been enlightened. People are scrambling to acquire and hold knowing it’s like a flower waiting to blossom. Negative predictions have been predicted and propaganda spread over the years all the while hoping for bitcoin demise. “Experts” have predicted the death of bitcoin over and over but bitcoin keeps getting stronger.

So, no. Bitcoin has not failed after all. Like all good things, it only takes time.

Just the fact that it is still being used and it still have a value is enough to prove that it wasn't a failure.
We all have different opinion when it comes to success so for me this project was a huge success even though it isn't being used as a currency, we couldn't change the fact that people would tend to use it as an investment tool rather than using it to pay for things that they could with Fiat.

I remember something satoshi have to say and it was at least like "in the next 10 or 20 years bitcoin will have a large volume of transactions or none at all". This means that satoshi has indeed predicted that the success of bitcoin as we feel today is very possible to achieve. Bitcoin is in great demand due to its use as a decentralized currency and trading asset and will continue to increase.

Bitcoin adoption has increased and we all know that it will continue to increase. People need convenience in transactions and they expect more security and speed and lower fee. Bitcoin offers that to users where it is a real advantage of bitcoin over fiat. Finally I can say bitcoin and satoshi have been a huge success and will be in the long term.

Satoshi didn't describe how he sees Bitcoin future in detail. Satoshi described Bitcoin's mission as decentralized peer-to-peer currency. Bitcoin is still decentralized and peer-to-peer, free from censorship and trusted third parties. But as for currency, we indeed can see that it's not Bitcoin's main use. Maybe when Saotshi released Bitcoin, it seemed that the world is about to get rid of banks and embrace a system that can't have disasters like the 2008 economic crisis. But time has shown that people quickly forgot about their concerns and have no reasons to be worried as long as everything works here and now. Basically, people are not motivated to adopt Bitcoin as a currency, the drawbacks of Bitcoin are stronger than its benefits to most.

First of all, satoshi wasn't a god or a prophet. The world is far bigger than him and whatever vision he had for the future. At this point, what he thought, what he wanted don't mean anything because he has not been around for a long time. Maybe bitcoin would be in a better shape if he was still around. We can't know that. However, there is also a possibility that him being around would damage bitcoin a lot and I think he knew about it. That's why he disappeared probably.

I don’t see it as a failure project. In fact, the government is triggered by its own existence so it only means that bitcoin is now close to its goal as being legally accepted nationwide. Seeing bitcoin as an investment, it’s starting to be a trend these days since people find more profits in bitcoin compared to fiat. And as a mode of payment, I know bigger countries are now eyeing at it to be accepted as a legal currency, although I still don’t see it becoming a legal tender these days except for El Salvador.

13 years span is still a few years and Bitcoin have been the most successful project of this century to have reached we're it is today, when you talk about price, bitcoin have made an all-time high of $69k+ previously and there is every likelihood that Bitcoin will surpass that price in the next couple of weeks ahead but not certain the timing.

And when you talk about adoption, bitcoin has been recognized as a national currency in a few countries already and if given another 13 years from now, Bitcoin would have become a mainstream global currency.

Although I only joined late in 2017, but I don't want to believe that Bitcoin is a failure, considering what has been achieved since 2010.
Truth is that a lot of fraud has being perpetuated and this has probably discouraged a lot of potential investors, but the evolving technology must be appreciated.

Yes, i dont see anything bad in that. Since is Satoshi choice of staying anonymous.

What specifically is unusual about it? The motivation behind bitcoin's creation is still the same, and it hasn't deviated away from its original goal of promoting financial independence.

Currently, bitcoin is not in a particularly horrible state. The moment has come to stockpile more and wait patiently. Investing in bitcoin is a long-term investment; contrary to popular belief, it is not a quick-money scheme. As Satoshi intended, bitcoin will eventually gain widespread acceptance.

I can't say that Bitcoin failed. I haven't seen that Bitcoin fail until recently.
What I see is the failure of its users.
As a result of implementing the wrong strategy to manage its assets, due to fraud and hacking that occurred.

Bitcoin for almost 13 years has shown its existence and its value continues to grow.
Even though the value is very fluctuating, it continues to grow from year to year.
Nowadays more and more people are interested in Bitcoin.
Even though the value of Bitcoin can be predicted, actually nothing can guarantee the future of Bitcoin.
But until now there are still many people who rely on and believe in Bitcoin.
I think that's a good thing, that way Bitcoin will continue to grow.

What is it that you don't like about bitcoin?

The fact that Satoshi left it for us to shape means bitcoin is now exactly as it should be. The community creates bitcoin and makes it become popular and bitcoin is a representation of the will of the people. Satoshi created it but it allowed us to change the protocol. If the community wanted to fork the chain and choose the fork over original, we wouldn't be using bitcoin now but maybe BSV or BCH. Is that what you'd prefer OP? I wouldn't.

Santoshi live bitcoin immediately the creation and the introduction of Bitcoin satoshi create Bitcoin then it is not up to a year it left bitcoin so calculate from the Year bitcoin was created or introduced on the Earth and now is the year that she left bitcoin so they can collection is very fair and the pathway to understand the time satoshi left Bitcoin

People like you are overreacting as always. I keep saying this all the time and I am sick and tired of it. Bitcoin is not what you want it to be, or what someone aimed to be, bitcoin is how we use it, and whatever way we all see it fit, then that is the way.

If you want it to be a currency and everyone uses it as investment, then it is an investment and not a currency, if you want to invest but it is a currency then it is a currency. I personally find it amazing and that's enough for me, just be "amazing" and that's it. It's clear that not many people see it that way and want it to do what they want it to do and that's not going to be the case.

The bitcoin network has been doing great and still is doing great. Its always a bumpy ride with revolutions and bitcoin has been more of that to our today society and world government. Government operates a centralized system, bitcoin is rather against that being centralized and citizens of the world depends on the government for safety of life, property and finance. Its hard for people to believe without government support but gradually, we are getting there.

The currency has found its own part to convincing people as a better alternative to fiat currency and with its limited supply, an increase in value is one way to be satisfactory for the world population. The bitcoin technology haven't failed, its just getting better.

People who does not or who did not come into Bitcoin in 2017 will be the people that to get afraid of Bitcoin because of it falling massively is here so in 2017 bitcoin rise and also fall so that is giving me the hope and the strength that bitcoin will recover even though it for to the endpoint so one day it will still rise and increase above the point that people expected

Bitcoin has not filed after satoshi created bitcoin and disappear so what I'm trying to analyse from my own understanding of Bitcoin is that this guy still have a long way because it is a technology that deals with the development that it is built with it we'll have a long way if I'm not fair except it have a computer or someone create something that is applicable with bitcoin from my own understanding

For technical side of things then this would really be a good show up on how far it was developed and op should really be realizing this one and consider rather than on seeing or checking on capitalization alone.
If it was a failed project then we wont really be seeing that it would really be having a value.It wont be sitting #1 in ranking in overall market against with those Altcoins.
It does really serve its purpose or on what Satoshi had envisioned.If op does see this as a failed project then i dont know on what criteria or things does
he/she really wants to see and prove it out that he/she was wrong.

We could've never seen big number of altcoins existing following the footprints of bitcoin, it it had turned to be a failure project. Satoshi aimed of removing the intermediary and succeeded in it. He wants to fulfill what is being lacked in the traditional fiat. If people wants the good out of cryptocurrency, they can use it. If not, just ignore. This is how the market have widened. Now it have attained specific position and later it'll serve as the alternate to the fiat system, as countries have begun to adopt it legal tender.

We will not still be having discussions about bitcoins if the project has failed. For the fact that the existence of this forum remains, bitcoin has not failed.

we can agree that the scope of usage of bitcoins from satoshi back then was limited, the project is both serving the function it was started and also developed other extensive benefits. Wherever Satoshi is, he will not think his project as a failure, but be very proud about the achievements.

For bitcoin enthusiasts, of course it’s a clear successful  project that has been paving its way to more great achievement in the future. But for bitcoin opposition, they will never see bitcoin as a potential project so most probably it won’t be successful enough for them. I guess the ability how to rate a project is based on individual’s set of standards, the way people see if there are great potentials or not.

@OP I don't know what is your understanding of the whitepaper of Bitcoin but as far as I understand what is written on the abstract of the white paper, its function as a p2p electronic transfer without the need to trust the financial institution is still in effect today.  There may be centralized exchanges that take advantage of Bitcoin trades but the vision of Bitcoin being frictionless, borderless cheaper transfers is still intact. Bitcoin is successful in maintaining those features.

It has not failed and I'm not worried about its future.

So far bitcoin has proven to work and this is the important part.

It was supposed to be safe, not vulnerable to hacks and it is.
It was made to allow us to send money instantly to another part of the world and it does it. After many millions of transactions we know that it's reliable and the money won't disappear or be stolen in the process.

If it's not accepted by as many merchants as we'd like it's not the problem of bitcoin. When you choose to keep your money in USD or EUR not bitcoin it's not bitcoin's fault.
When you keep bitcoin on exchanges and it gets stolen bitcoin is not to blame. When someone uses it to bribe or extort others or to launder money it has nothing to do with bitcoin and its purpose.
Bitcoin is a tool. You don't blame the knife for killing someone and you don't blame a car for hitting a pedestrian.

the answer is the bitcoin project did not fail. because if you look at the price from the past around 12 years ago bitcoin was very cheap, even the price of bitcoin at that time was less than 1 dollar, and when compared to the price of bitcoin now, of course it was very much different, meaning that this shows that the bitcoin project did not fail.
in fact the bitcoin project can be said to be very successful. especially if you look at the price of bitcoin the year old 2021, which at that time could touch the range of 60,000 dollars. and it's so amazing.

Since I started being introduced to Bitcoin last 2017, nothing changed. Bitcoin is always a Bitcoin no matter what. I think why people noticed Bitcoin being a failure or why they are telling it, it for sure because of the price fo Bitcoin or even because they lost some money investing in Bitcoin.
They don't appreciate what Bitcoin is.

As the digital gold pov it has failed, as a currency for all pov, also a failed project, as a pump and dump pov it's the best one yet.

It is the first time that I hear that Satoshi Nakamoto invented his version of a decentralized peer-to-peer payment system to change the world or, at least, make it more "pure." If it was his primary goal, then his plan failed miserably -  he was childishly naive since it has never been possible to change the established state of affairs in just one year or even a decade. I thought he strived to provide people with a reliable alternative to what they already had for years: then and now people have faced a poor implementation of the monetary system that has been susceptible to various unexpected crashes and undesirable human interventions that introduce even more bugs and undesirable behavior. Satoshi has succeeded in presenting such an option because people can now make unstoppable payments without relying on unelected bureaucrats and undesirable intermediaries making money off poor people and stealing their time through uncontrolled money debasement.

This reasoning does not represent the truth about Bitcoin's journey, we have seen bitcoin investing and even as a promising asset store, so the fail category does not live up to the standards that are spoken of.

Losing money in investments, the risks they get when investing and market chaos to massive bitcoin corrections, this can never disappear at any time, that's why bitcoin is considered to fluctuate and have risks in investing. But that doesn't mean that bitcoin has failed in its journey to date, if people are able to understand the concept of investing in bitcoin, then failure in investing will not occur.

It wasn't only because of fear that made a lot of people not to invest in Bitcoin other factor contributed to it. For example; lack of knowledge or misconception is one of the major reasons why many if those who heard about Bitcoin early didn't invest in it, like for me I had the idea that only those with millions of dollars can invest in Bitcoin because I viewed it as a project for the rich only, you can imagine if several other people had same ideology as me that would have discouraged them from investing in it.
And even some late adopters are still facing issue of misconception most of them ventured into Bitcoin because they believe it's something that they can use to get rich in a short period of time and when it fails to go according to how the had anticipated it to go they start creating FUD.  



I prefer the current state of Bitcoin to its early state. In the past 12 years there have been series of development and that has been to improve Bitcoin and you can see that has time passes more and more country are adopting Bitcoin into their system and that was what Satoshi hoped for.
So I'll say Bitcoin is not a failed project.

Don't worry, it will only become more and more popular in the future.

Nothing has changed as bitcoin is and would always still be bitcoin. Bitcoin has seen a considerable growth, in the slow but gradual adoption globally, to the increase in its worth and price over the years. I personally don’t think the price of bitcoin at any time(high or low) makes it a failure. The price of bitcoin, in my opinion can’t be considered a failure as the price has considerably risen over the years.
Bitcoin hasn’t failed as it’s still thriving and only getting better as more people adopt and utilize its functions.

It is difficult to say how the creator(s) of Bitcoin, if still active, may feel about the current state of the crypto industry. However, it is clear that the industry has evolved significantly since the early days of Bitcoin, and it will likely continue to evolve in the future as new technologies and innovations are developed.
So no, It is not a failure. It will keep evolving.

As for me, the disappearance of Satoshi Nakatomo was a good development, who knows what could have meted to him if he was still a public man? And Yes, it's been 12 years already, yet his disappearance has never affected the project in any way. On the other hand, it helps to prove that Bitcoin is totally decentralized, and this is because the creator gives everyone a sense of belonging without interference.

But I won't agree with him for calling it a "pure" world while he capped the coin at 21 million BTC. With time, it would not be enough for the people adopting it.

You are right so far, bitcoin has not failed and it will continue to grow over time but none of us are scrambling to buy it, you can buy bitcoins anytime, anywhere, as long as you have an internet connection.

12 years have passed, and from a worthless coin now worth $18k, there is no reason to say bitcoin is failing, even if bitcoin won't be able to rise any further and stabilize at $18k, bitcoin is still a higher value asset than any other asset class. The people calling bitcoin dying or failing are the dumbest people we've ever seen.

Well, Satoshi Nakamoto (let's refer to him as a man for this discussion) ... wanted Bitcoin to be an alternative currency... and he succeeded with that in many ways. A lot of countries have officially accepted Bitcoin as a payment option or legal tender ....and in the countries where it is defined as a commodity.... people can still use it as a medium of transfer for their wealth.  ;)

Unfortunately for most people.... Bitcoin is seen as a store of value.... and they hoard it. They also speculate with the high price volatility and use it as a commodity. (which is fair.... but our focus should be to make it a reserve currency)  ;)

About 12 years ago bitcoin was created to be a p2p currency all over the world and this is what bitcoin was created for and aimed in the first place. However, during all these years bitcoin changed a lot and many different things happened to it one of them was the bitcoin adoption which forced people to pass KYC and send personal information for what they do in the transactions.

I may have exaggerated a bit when I mentioned that people are scrambling to buy bitcoin. Yes, you could very well buy bitcoin anytime, anywhere with an internet connection enabled device.

I think with time, bitcoin would get more valuable as it gets scarce cause people won’t be willing to let go of theirs. So I think people are really buying and holding bitcoin whenever they can. They may not be scrambling yet lol, but they’re buying.

Skeptics and naysayers have been calling for the failure and death of bitcoin over the years and bitcoin keeps growing and getting stronger defeating their predictions and hopes over and over. So yeah, I think they can be  pretty dumb.

well, the development is growing fast but the adoptions have taken slowly. You can't urge people to do that, even you. However, I'd see that this technology is great, and many people are benefiting from this today and in the next generation. Of course, you can never expect a thing to develop and be adopted instantly as it never exist. It really just takes more time in order to fully understand how this works. In fact, Satoshi never mentions any time-frame which is for me, it is still achieved step-by-step.

Thank you all for your valuable opinion !!
I read it all with great interest.

First, it seems that everyone has almost the same impression about the value of Bitcoin itself is going well successfully.
And, I also felt that you have a strong belief in the future of bitcoin as a currency.

I think that Bitcoin has spread worldwide in such a short period of time as a new payment service is because it offers people something original and attractive.

I was a little concerned with all that has been happening with Bitcoin recent days.
But as I read your thoughts, I am so relieved.
However, it can anything happen in the world of finance, so I should always be careful..

Best regards,

Well, no matter how good bitcoin is, there is no guarantee or 100% certainty, so you always have a plan B, don't invest in bitcoin with all your assets or with money you can't lose. Diversifying your portfolio is the right thing to do, not just focusing on a single asset class.

The future of bitcoin is unpredictable, but if you are willing to take the risk for a good return, you can consider buying more bitcoins from now on as their price is very low. You will get huge profits if you buy now and hold until bitcoin recovers.

Bitcoin is never become a pump and dump project lol, Bitcoin marketcap is really high, it's not like shitcoins who have small marketcap and then it can be easily manipulated by the developer.

Satoshi never say Bitcoin is a digital gold, it's only your own or the other people perspective to think Bitcoin is a digital gold. Gold can be controlled by central authority, so it's not same like Bitcoin.

Bitcoin is starting to be success to become currency, since there's few countries already accept Bitcoin as legal tender e.g. El Salvador, Central African Republic etc.

Without a doubt, Bitcoin is immensely popular and enjoys widespread adoption, which seems to be an indicator of growing success. However, this space still struggles to overcome technical challenges and social criticisms. Probably the most important critical view is of its lack of regulation and inherent volatility. Critics argue that makes bitcoin a poor choice for use as a currency, while others point to the numerous hacks and security breaches that have plagued this tech. Another serious negative aspect is the energy-intensive mining process which is oft criticized for its environmental impact. However, bitcoin remains a popular and valuable asset, with many people still believing in its potential to revolutionize the global financial system.

So in what angle do you think Bitcoin has failed from what Satoshi initially meant for it? Is it in terms of adoption, security, price or what actually? Because we were made to understand that the vision of Bitcoin was to create a world where we all have total control over our funds through the help of decentralized Blockchain technology, of which central banks nor government have no control over it. Because Bitcoin has always been the same till date, of which I'm sure wherever Satoshi is today, he will be proud of how far his project has gone so far.

I think so too, I really don't know what bitcoin would be like if Satoshi didn't disappear and become known as other founders, he made an excellent decision for both himself and bitcoin.

But I disagree with you saying 21 million bitcoins won't be enough for everyone, we don't need to own the full 1 bitcoin, we also have satoshi. Second, the supply cap will make bitcoin so scarce, and hence its value is higher than all other conventional assets. If bitcoin has a larger or infinite supply then it is no different from fiat.

Bitcoin has been successful since its inception up to the time when Satoshi left online. You must have witnessed the evolution of bitcoin in the 12 years since its founder went offline. Even though it is volatile, the price has risen dramatically since then. Its security cannot be breached, making it the best decentralized cryptocurrency ever. Even Satoshi will be proud of his innovation today.

yes, it is. bitcoin is a very successful project, because everyone must have seen the achievements achieved by bitcoin. Moreover, judging from the price of bitcoin in 2009, of course, it is very cheap, because the price is around 1 dollar. when compared with Now, the price is very far away since bitcoin was published in 2009, so bitcoin is a successful project.

If you look at the trajectory of Bitcoin, then it has done fairly well since the last 12 years. In fact, Bitcoin has been quite successful. It has a large community of people who believe in it. And it is certainly not losing ground. Yes, the current situation is tough but increased growth in Bitcoin’s adoption is indicating a bright future . Moreover,  what has made it through without any hurdles?

No, Bitcoin was not a failure. In fact, it has been quite successful in terms of its original goal of becoming a digital currency that is used for online transactions. However, the recent price volatility has made it less useful as a currency for everyday transactions, and has thus caused some to label it as a failure.

Satoshi Nakamoto saw the creation of Bitcoin as the beginning of an evolutionary process. 

However, he was not sure that this project would be successful.  He wrote that in many years the Bitcoin blockchain will either have many transactions or not a single transaction.  Now we see that there are a lot of transactions in the Bitcoin blockchain (some of them are made by us). 

Bitcoin is evolving.  Its code is constantly being improved. 

Alternative cryptocurrencies, DeFi, NFTs, tokens, stablecoins, CBDCs, etc. have appeared.  Bitcoin has changed the world!

Within the span of twelve years Bitcoin was created a lot of  fortunes particularly for early investors that earned massive profits after selling all or part of their assets infact some of those investors became millionnaires especially those who sold at ATH at $65K this is one of the first success of Bitcoin, Moreso Bitcoin had created thousands of jobs via trading, programming and other lots of Bitcoin related jobs this is another remarkable success of Bitcoin, furthermore a lot of institutions had adopted Bitcoin has alternative payment for goods and services and Bitcoin being used as a store of value is an added advantage.

Not only with early adopter but as well with people who came when the price is at the peak since they can still earn with on by the opportunities what bitcoin industry can offer. There's no discrimination here since as long as you are skilled and can able to provide a quality job to your client or you are skilled as a trader you can earn a lot compare working a 9-5 job. So from this we cannot call bitcoin as a failure since it creates a lot of opportunities.

If bitcoin was a failure do you think this platform would have been existing? Maybe we all would not have been here. We would not have had this opportunity to meet each other here. There would not have been anything called blockchain by now if bitcoin really failed because to the best of my knowledge, bitcoin was the first blockchain Genesis.
The steady increase in price indicates the growth. The increase in Adoption shows how successful it is. The acceptance as a legal tender shows how precious it is hence tagged as a digital gold. Bitcoin is not a failure and can never be a failure. Maybe you have failed on your path thinking it would fail but you forgot it already created a niche for itself and therefore, remains the freedom of the unbaked.

I can't tell you that bitcoin could rise much more, but given its current price and popularity, I can assure you it's not a failed project. Failure is when the price of bitcoin goes to zero, when people no longer need and use bitcoin, that is called failure. Because a slight drop and we consider it a failure, that is not true, no asset can increase in value forever, even gold has volatility but their volatility is negligible.

From what I have read, Satoshi wanted Bitcoin to develop to be a currency but because of the positive features Bitcoin has, like it having limited supply and back by mathematics, it was inevitable that Bitcoin will be a store of value more than a means of exchange. I wouldn't say Bitcoin has left its initial focus because we can see the community fighting for adoption daily.
Bitcoin could only use its benefit as a store of value to get attention and as that has been successful it can now try to get the world to start using it as a means of exchange.
Bitcoin is still very young and has a lot of years ahead to achieve all the initial ideology set by Satoshi, we just have to take it one step at a time and not try to force anything or we'll lose everything.

Well... Im struggling to understand why you say Bitcoin is a failure. Ok, so today, Botcoin development has part itself from what Satoshi has intended, buy this happened becuase it simply had to happen. In 13 years, Bitcoin has gained traction and its price went far beyond what many expeted to see before 2030. It is still decentralized and its price skyrocket comparing to its price 10 years ago. It still fulfills ots purpose of giving financial freedom to the world, so why the hell would you say it is a failure?

We are currently seeing the collapse of the concept of globalism. 

Isolated economic zones are beginning to form in the world.  Humanity is entering an era of separation.  For example, in China, the local Internet is isolated from the global Internet.  The Chinese don't use Google or watch Youtube.  However, even in the era of disengagement, Humanity needs a global decentralized financial system.  Despite separation and isolation, people in different countries continue to interact with each other. 

That is why the Bitcoin project is successful and will continue to develop in the future.

It's not accurate to say that Bitcoin is a failure. It has had its ups and downs, but it has also gained a lot of adoption and inspired the development of many applications and services.

The technology behind it, the blockchain, has the potential to change how we transact and exchange value in a secure and transparent way. It's still a relatively new technology and it's too early to say whether it will ultimately be a success or a failure.  ::)

People do not really view things on historical terms, technologies take a lot of time to be adopted and developed, cellphones took decades to be adopted but now they are everywhere, nuclear fusion technology that is now all over the news will take decades to develop and then decades to be adopted as well, this is nothing really new and this is simply the way things work, but somehow just because bitcoin did not got adopted immediately it is somehow a failure, a notion which is ridiculous.

Not at all. Bitcoin was the greatest success. It was revolutionary, a breakthrough in the finance system. But I’m not sure about the meme coins.

One can only conclude that bitcoin is a failure when it fails to achieve its original goals.

Since its inception in 2009, bitcoin has aided in bringing about financial freedom for all people. Its price has increased significantly, its adoption is booming globally, it is used as a store of value, and its decentralized peer-to-peer payment system is simple to use.

In all of these, Bitcoin is regarded as the greatest project to have ever been created.

Yep, bitcoin gave financial freedom to everyone who bought it and hold it for a long time, for everyone else it is just a missed opportunity if they knew about it but did not buy, or did not even know that it was possible to buy it, or were afraid to do so.

It is now that people buy bitcoin more willingly and have greater confidence, before everything was much more complicated. And those who believed in bitcoin deservedly achieved financial freedom. Perhaps we will not see such a big increase again and bitcoin will grow slowly, doubling each cycle from the previous ATH, it will still be able to bring good profits and there will be those who will take advantage of this opportunity, and there will be those who will miss it again.

As long as you have money to spend, it is not too late to own a bitcoin, and many of us are hoping that the bitcoin will once again break its own ATH. On the other hand, because we are mostly seeing bitcoin as an investment, it has also fulfilled its duty as a payment method, as it was designed to transfer money at a low fee, fast, and easily tracked, which is what most of us used it for until now. But for now, because of its price, most of us really see bitcoin as an opportunity to earn profit.

12 years is too short of a period - take a look at other inventions - radio, TV, internet, cars, planes whatever... most of them (if not all) had a longer mass adoption time. Therefore it's too early to judge if Bitcoin is a failure and if it has or has not reached the goals set by Satoshi. So, gentlemen, we're still early...  8)

I do not think Bitcoin has been a failure. On the contrary, 12 years after its release, Bitcoin had proven to have an amazing success. From having no value at all it went past 60k and it is already something that the world is aware. Bitcoin is now the symbol of freedom to many people. In 12 years there were several developments and conquers. And this was just the beginning as the best is still to come.

BTC hasn't been in existence for so long, but even the short while it has existed is enough for us to understand that it has been a huge success, at first people considered it to be a bubble, or an experiment, something that will collapse if there is a major world crisis or problem, but BTC has passed all of that test and is still growing. I don't feel it is too early for anyone to judge if BTC is a success or failure, it is clearly a success, it was created by Satoshi for a purpose, and it is serving that purpose and many more as well, what else do people need to understand that it is a total success.

I don't feel Satoshi created BTC for "mass adoption", it is we the BTC users that want many people to adopt it, which is very good, Satoshi created BTC to give people a decentralized second choice to fiat, a decentralized second choice to free them from government oppression, and BTC is doing exactly that, meaning the BTC project is a success. Our wish of mass adoption as BTC users will happen sometime in the future too.

No doubt about that, bitcoin is truly regarded as one of the greatest creation that the mankind created.

The fact that the OP is here asking about bitcoin already means that it's not a failure after all and just a mere rumor that is spread throughout by an investor who lost his or her assets. Bitcoin has been present for more than a decade already and helping people become more comfortable while giving a lot more options especially these times where inflations are much more higher.

Bitcoin is one of the most successful project if you ask me, think about it this way, if bitcoin is to be a peer to peer payment currency as Satoshi envisioned it to be, there was never any possibility that people will start accepting it as that over night, there would have still been a process that will lead to such achievement.
That process stage is where we are right now, go around the world, find out, many businesses are beginning to accept bitcoin as payment for their goods and services, this is to tell you that Bitcoin is right on course to becoming/bringing to reality, the peer to peer payment currency that Satoshi envisioned in the bitcoin whitepaper.

The project that was done probably by only one man or maybe by a small group, that never spent money on marketing, that was always under the hate of government but still managed to conquer the attention of the society and become massively known, sure, isn't a failure.

Bitcoin hasn't failed but the users failed to use its benefits. It was meant for pure p2p transactions, from one person to another, without going through 3rd party services but what I see is that 3rd party services are the most popular part, especially the very centralized ones.

Why do you call it failure if we're still here talking about it means it didn't go so bad after all or don't you think? Perhaps there have been changes that Satoshi had not budgeted but the protocol is open source and it will be the community that decides what should be done and what not. Let's not call it failure because it's not.

If it was a failure then we arent seeing this project to be sitting on #1 spot on CMC and take note that it had been sitting around for a decade which i couldnt really see the reason on why someone
do make out some words about being a failed project? Rather we are really just that too young and there are still lots of room if we do speak about recognition or adoption.

Cant really be ignored nor denied that Bitcoins tech is somewhat that outdated compared into other new projects or currently existing we do have the in the market if we speak
about features but the current utility of Bitcoin is really just that sufficient or right enough on making out those transactions which i dont see that we do need up some more.

yes, I think so too. and in my opinion bitcoin is a successful project created by Satoshi Nakamoto. because so far bitcoin has provided and made good opportunities for all of us. so it's not quite right if bitcoin is called a failed project. and I also see that today's bitcoin price has increased and that proves that the bitcoin cycle is still running normally.

Yep. Bitcoin is still early. The tech isn't on its way, but It's here
Year after year, the deniers still can't see how adopting bitcoin can help them and for a better world. It's okay. That's their choice.

I may not see the end of this matter, but I believe that BTC can have a long history.
And Bitcoin will continue to be the best store of value ever created.

We are still early on the history of bitcoin, people forget that even something like the internet took a lot of time to develop and adopt, the development of the internet takes us back to 1960s and it was not until the early 1990s when the internet as we know began to exist, so even if the adoption of bitcoin is not as fast as some expected, the rate at which it is happening is similar to what we have seen other inventions going through, so bitcoin cannot be considered to be a failure by any measure we could try to use.

I don't know how people come up with this ideas and say that bitcoin is a fail project ?

Also such negative statements are being told over the media during the bear season when the hopes of people are already dying and when they hear these views they get more frustrated.

Those who know bitcoin for the last few years they know that bitcoin is the best currency as it is non inflationary and cannot be controlled by the governments and/or the people who have the power.

i think bitcoin didn't fail. if bitcoin failed, it would never have been popular in the first place.