Bitcoin Forum

Serious question, where I get different reply from everyone.

Personally, I think his vision of Bitcoin is not what Bitcoin has come today.

- It has became a centralized market, which is controlled by entities. A single cex or dex can manipulate the price in its favor, meaning dumping the price to aquire more btc in lower prices. (liq hunting) So it has become B2P instead of Satoshi's P2P vision.

- Many of it's adapters today don't even use it as a currency or store of value, they use it as a speculative derivative. You can look at this by looking at spot and futures volumes. Adapters pre-2020 know more about Bitcoin's motive, fundementals and mission where after 2020 the market is filled with idiot perma-bulls.

- Bitcoin and Bitcoin's price are two different things. According to Satoshi's Vision BTC is meant to be a digital peer to peer currency; not a store of value which contradicts today's investors. BTC's scalebility issues caused people to shift the narrative to a store of value. However, hence BTC is created as limited money, I believe satoshi also believed one day the narrative would be shifted to a store of value case.

- To conclude, I believe Bitcoin is in the wrong place today from Satoshi's vision. I'm a satoshi visionaire btw, you could think otherwise and I will respect you. This is just my thoughts.

What are your thoughts?

Satoshi Nakamoto thought of it and wrote about it years ago.
We are going with a second scenario in Satoshi's vision for Bitcoin, very large transaction volume and trading volume, bigger with time.

Yes, I meant that in my writing too. I actually was talking about get rich quick motive; buy and hodl. Instead of peer-to-peer anonymous transactions.

I do not know what Satoshi will think if he is still alive, but I would say that he will not be entirely happy with how things are going but if I were him I would not be pessimistic either because there is use of bitcoin as he devised it, to escape the clutches of states and central banks, basically P2P, but in the minority.

It is true that in a large part no, because as you say many people buy it to get rich, through centralized entities and without understanding the philosophy behind the creation. But if the price is where it is, it is also precisely because of that. If bitcoin had been reduced to P2P it would not have gone over $1K in price, and I think the maximum ATH today would be much lower. The path to mass adoption has come hand in hand with this.

If i could add +1 to this I wouldn't be wrong. You put my mind into words. Thanks for your opinion sir.

I think that Satoshi and Hal Finney would be proud. Bitcoin has come a long way since 2009. And after 14years, bitcoin is one of the top preforming assets, it has not lost its vision of decentralization, the community is growing from just a group of people talking about it on the computer over the internet to millions of people adopting it and using it to escape oppressive regimes, for personal economic purposes and all. I think that they would be proud about the speed at which we can now send bitcoin from one wallet to another as compared to the time it took the bitcoin sent during their time to get to another wallet. They would be proud of the many bitcoin security measures in place. They would be proud that individuals in the community are owning the project and speaking about it. There are some other things that they may not be so proud of like too like the saboteurs in the community, who seek to lead us astray with their manipulations and gimmicks.

Satoshi will be sad because people are use Bitcoin completely opposite to the whitepaper.

People are prefer to hold their coins in centralized exchange than non custodial wallet.
People are view Bitcoin as a commodity than as a currency.
People always judge Bitcoin price in USD or local fiat requirement than 1 BTC = 1 BTC.
People don't care about decentralization and privacy, they choose to rely on centralized entity and share KYC to any unknown site.
Many countries are still ban Bitcoin which make no freedom.

If I have smerits, I would merit this; you also spoke my mind sir. Everything I wanted to say you made it easier to say.

Respect

Tetaeridanus

Of course, Satoshi will be happy if he is alive and sees Bitcoin. He wants people to be away from the bank and centralized system and Bitcoin is decentralised up to date. You said Bitcoin is centralized over time yeah it is true but still, bitcoin is decentralized as people run their own full nodes and participate in the network and many projects are working to reduce centralization like the lighting network. Bitcoin is still a new technology and is under construction and it has the potential to revolutionize the Financial system.

I hope that Satoshi is still with us, alive, watching what has become of their creation. We don't know what that person might think about the direction Bitcoin took, but there's a lot to be proud of. Bitcoin is familiar to hundreds of millions of people, it has a huge market capitalization, it is a major policy question in some countries, lots of tech giants dipped their fingers into it over the years. Now, turning to op's specific points:
I don't think it's a centralized market where a single exchange can manipulate the price.
I think many use Bitcoin precisely as a store of value, although probably less as a currency.
Scalability is a tricky part, that's true.
So overall, I think it's reasonable to be proud of this invention and the direction it took.

Satoshi will not be silent if he doesn’t like what’s going on to Bitcoin. He is probably still alive and watching Bitcoin while spending most of his secret Bitcoin stash freely. I believe he will give a sign or a hint using the blockchain if he doesn’t like what’s going on to Bitcoin.

Bitcoin is controlled by the majority of Bitcoin community. He designed it that way so that there will voting among the community on what to do. This is the beauty of being decentralized, No one can dictate what should be done to Bitcoin and the majority decides what to do.

If a change occurs because Satoshi wants this thing or does not want it, then we have not yet reached the level of decentralization required, but I think he will be happy, as Bitcoin has prompted changes in the lives of individuals and in the understanding of the economy, not to mention that it is a realistic thing and has continued to work throughout the previous periods, and it is difficult to judge. It must succeed or fail, as we still need about 7 years before we reach the first evaluation, and let us remember that it took Apple decades of years to reach the current level.
It is not necessary to reach Satoshi's scenario, but it is something that works and there is continuous development, which is the most important thing.

It's hard to answer your question, but as you mentioned, you are looking for opinions that are definitely going to be varied. I will say it will be easy if we have some interviews with Satoshi about BTC. But Whitepaper does that work. And you have pointed out a good point here. But this is not something new in discussion.

If Satoshi is still alive (who knows), then I think he would definitely not think that BTC would have gone this far, as according to a factoid about Satoshi:
This indicates one thing for sure, he was not sure that either BTC would work. But I think BTC works, and if BTC works, then it will grow more, and that's for sure.

And you said, BTC and BTC price are two things, and according to Satoshi, it means p2p, but I can say something for sure:

Satoshi must not see the taproot, or lighting network coming. And he also does not see ordinals coming. And he also has not seen coming that people will start to use it as a store of value. But the thing is, BTC has performed unexpectedly and made many people rich too. I hope you get my version of the answer.

It's true! Bitcoin that was invented by Satoshi, is not the same as today's Bitcoin. Technically it's same but not how the way people are using it. The reason is Bitcoin itself and it's extreme price movement. It has become an investment asset more than anything.

But that's how a free market should operate to be honest. Inventor may have a vision but if the market decides something else than what was envisioned, no one can stop that.

The main missing thing right now, in my opinion, is the actual use as currency, but at the end bitcoin is still young. When big websites are retailers will start accepting bitcoins many things will change.
Regarding the centralization, that is something that no one has control over, if some people keep selling and others keep buying...

All of this arises because when storing BTC, its value, when converted into FIAT, proves advantageous to its owners. At that time, the monetization technique stemming from Bitcoin market volatility gained popularity due to its sheer simplicity. Everyone is naturally enticed by the prospect of making money effortlessly, without significant effort or physical exertion. You simply buy and then wait for the opportune moment to sell. All of this takes place online, anywhere, and at any time.

Admittedly, this deviates from Satoshi's vision, but it is also challenging to avoid because the presence of Bitcoin is exceedingly rare, and demand consistently fluctuates. Therefore, price fluctuations are truly inevitable, and trading Bitcoin will remain an ever-accompanying activity.

I am not entirely sure what he would think about bitcoin itself, but I am sure that he would be very much against %99.99 of the new coins that were created in the last 6-7 years. Ever since that ICO period started where the idea of "pay me some money to create a new coin", we have been going downhill in quality and not many great projects has existed. The main reason why we keep seeing most projects end up being in top 10 and in few years they are all out is the fact that they are all terrible "fund me" projects. He wanted decentralization, hence why he left bitcoin himself, not a system where people would pay each other to make new tokens on others chains.

Satoshi has said what he should have said and one of them is this one:


So I don't think Satoshi is very surprised by the current development of the bitcoin market because he actually predicted about it a long time ago. If Satoshi were really still alive (I assume he is) then he would definitely feel great happiness for what he created at this financial system. He has changed a lot of things and has changed the mindset of many people about the financial system, so he has been very successful in feeling what he is supposed to feel.

I won't talk about markets, but BTC definitely is centralized as being controlled by various big institutions now, as a huge chunk of BTC is now held by them and the dream of evenly distribution of BTC has failed and only the riches are now running the markets and deciding the value of BTC currently.

But TBH, it's neither the institutions' fault nor the retailers'.
We wanted adoption, so I can say that we wanted it, we got it.

A decade ago when I started using this forum (and even knowing about BTC before that), I'd say that it's our failure that we didn't recognise the power of blockchain technology and didn't take BTC seriously, so now crying about centralization and all that shit isn't worth it when we only didn't give a damn about what we already knew years ago. Opportunities don't stay forever, but yeah they do come and go, and the cycle goes on.

Satoshi had a vision, but the development didn't spread the role as he expected. To have his vision conveyed through the innovation is really hard thing, because everyone doesn't have the same thought process as him. Apart based the knowledge possessed by individuals they take it in their own way. This is how bitcoin got importance as investment, as people saw the growth in it better than its unique features. Even after decades it is going to be tough to make the vision of Satoshi come effective through bitcoin.

Satoshi innovated with a vision, but its usage kept rising for some other reason. Atleast there is some good reason for which it had got wide spread. If not this could've never been this good in terms of adoption as well as in multiple usage as investment, currency, store of value, currency, etc

Bitcoin is freedom, the proof of it is its decentralized nature free from any central authority.  Although Bitcoin is created as a peer-to-peer currency where anyone can have the freedom to transfer anywhere and anytime without the need for third-party institutions.  I believe Satoshi leave the spotlight because of this so-called freedom for he doesn't want to influence the market if he is not dead yet.  Satoshi getting out of the spotlight simply means that people who use Bitcoin are free to use it in whatever they see fit.

We cannot say that the Bitcoin pioneers never used it as speculative derivatives, since if they use it as a currency why most of these early adopters are still holding Bitcoin?  Bitcoin has been used as a speculative asset ever since so people looking at Bitcoin the same way is no news.  It comes in the free market I believe.

Maybe it isn’t in exact but, it’s very much in line with what should have been. That Satoshi Nakamoto created bitcoin doesn’t mean the currency would be finite about his purpose for the coin. Can’t say the coin have shifted that much in purpose but rather, gained a life of its own that would ensure the 21million coins could serve an enabled world population with regards to adopters.

If we are to have price to be stable today and with the lost of adopters that comes pouring in everyday,
Don’t you think there wouldn’t be enough to go round? That would be the case and this would very much limit bitcoin to be a currency of the few which would in turn, cause a shift to altcoins for those who would be eager to use cryptocurrency.

For this reasons, bitcoin has gained a life of its own to adjust and suit purposes even before they are known.
I think the pride for Satoshi Nakamoto at the moment would be that, the creators creation has gained a life of its own in order to be sustainable.

Satoshi was an extremely smart individual, so it is to be expected that he knew that despite his goals once he released his invention to the world what will happen to bitcoin will be completely out of his hands, so even if deep down he is disappointed by the current state of things, I do not think this is an unexpected scenario for him, and if anything he could have predicted that things could have turned out to be this way, after all the current economic paradigm still relies on centralized institutions, so I find it natural they are trying to make bitcoin to fit this model.

Bitcoin itself didn't change much after Satoshi left, but Bitcoin community sure did. When he was active on the forum, the members were very enthusiastic about Bitcoin use, cypherpunk, financial revoulation. These days the users are mostly talking about the price, and even if they talk about how fiat currency is bad, it's only to justify being bullish on Bitcoin.

The vision Satoshi had for Bitcoin is for it to be used as currency and a store of value and I wonder why you said BTC doesn't have the vision Satoshi has for it.

 
This is something we should expect since the decentralization in nature of BTC doesn't make it something the CEX shouldn't get involved in and BTC being a volatile in nature cryptocurrency has made it a speculative/manipulation material.
I believe that's one of the reasons why Satoshi introduced the BTC block halving to control inflation in the market.

Satoshi impresses me as somebody who is more open-minded and tolerant than many of his/her/their followers now. Satoshi might not agree with certain opinions on the growth or fate of Bitcoin, but he/she/they will probably take them into serious consideration and might even suggest a fair compromise or common ground. It seems to me Satoshi won't outright dismiss the innovative ideas of others simply because they don't conform with his/hers/theirs.

Bitcoin was more exploratory than a final output. Bitcoin is still in beta until now. Before Bitcoin was launched, he/she/they let others scrutinize the idea and/or work. Satoshi reached out to certain personalities and was in close collaboration with them.

What I'm saying is that Satoshi won't probably rebuke or insult others for appreciating Bitcoin differently. There might be certain principles that Satoshi won't ever compromise, but the approach might not be the kind that many of us receive from some Bitcoin fanatics.

Thank you all for your replies I will be replying very soon, working atm!

In essence, this is true. That Satoshi created Bitcoin with the aim of being used as a digital-based transaction tool (P2P). However, if all this time Bitcoin only offered this feature (P2P), I'm sure Bitcoin would not be as famous as it is now. Because it cannot be denied that the attraction of bitcoin for investors is the potential for very high price increases and also the excellent storage of value. So for me personally this is not a problem. Because in my opinion, Satoshi will not question the reality of what is happening with Bitcoin today, the most important thing is that Bitcoin can be useful for many people, and has become an excellent example of a decentralized system. Because the reality is that currently bitcoin is more widely used as an investment asset, compared to P2P. But in my opinion this is also the way to the goal of satoshi, namely P2P. Because thanks to Bitcoin being used as an investment asset and also as a store of value, this makes Bitcoin increasingly popular among the public.

If you say it's completely wrong, I don't think it's true. Because in essence Satoshi created Bitcoin with the aim of creating a better financial system than the traditional money financial system.
Apart from that, currently quite a lot of bitcoin users use it as a medium of exchange (P2P), for example in El Salvador. There, Bitcoin is officially and legally used as a means of payment transactions.

And if, for example, bitcoin is currently only used as a digital transaction tool, it is important to remember that there are still many countries in the world that do not yet allow their citizens to use bitcoin as a transaction or P2P tool. So Bitcoin's challenge to realize its main vision is still very long. Therefore, although Bitcoin is used today, it does not yet conform to Satoshi's vision. But in my personal opinion this cannot be said to be wrong. Because even so, with the existence of bitcoin, many people, especially investors in bitcoin, know what is called decentralization, an asset that is very transparent, and can be managed independently by each investor.

Unfortunately according to my beliefs, Hal Finney was satoshi and he's no longer with us to think about his amazing creation. The best part is that it's still the Number 1 Blockchain-based Cryptocurrency and there is no way any other project comes over and goes ahead in the ranking anytime soon. And even for a second if I imagine that he's alive, he will be proud of how his creation is still so relevant in 2023 and the math he did is fairly stable for many coming years.

Probably if Satoshi were still alive now he would drink coffee and watch the news about crypto every day and sometimes he laugh.


To be honest I think this would be one reason people joining Bitcoin "to get profit " from it. BlackRock and other asset management will say the same or look the same.

For now, there is article that talk about Bitcoin transaction "Bitcoin, contrary to popular belief, is traceable. While your identity is not directly linked to your Bitcoin address, all transactions are public and recorded on the blockchain. So, while your name is not attached to your address, your address is attached to your transaction history." - https://originstamp.com/blog/how-to-trace-bitcoin-transactions/

So if you address related to any CeX or you buy it from real life person I do believe is still tracable. and there is company like ARKHAM that are trying to DEANONYMIZING THE BLOCKCHAIN - https://www.arkhamintelligence.com/

and the other hand bitcoin block cant use for everyday payments unless you are using layer 2 like lightning in my opinion

When we back and read his white paper, for sure everything was happened today is not in accordance with that. However, what does not deviate from the initial goal today? everything that's going on today is not on the right path. because of circumstances, bitcoin must follow the existing situation, we can't force things that go with the real, If we force it, of course, we will face all rejections because of the basic law of the country,

I don’t think he would think negatively about it. I reached the goal that he set out to achieve pretty much. Remember those hashrate wars and how many miners were mining at a loss? It proves how resilient the network was during times of chaos.

Globally it’s pretty much accepted by regulations with KYC, he would have to accept that this was going to happen anyways. You can’t have anything survive in any developed countries without some form of government regulation. So I think he would be proud of what it has become.

I agree with your point of view, bitcoin today is not going in the right direction as he expected (whitepaper), BTC is being turned into an investment, a commodity, not a currency or peer-to-peer payment method. But I don't think it's a serious problem. It's like if you graduate in accounting but you become a manager or a businessman, that's not so bad. As long as the work you do brings comfort and a good income, it's even better for you. Similarly, bitcoin is not a currency but it still benefits people by being an asset, which means the Satoshi vision hasn't failed either.

We wouldn't know what Satoshi would say if he were on this forum. But he is certainly happy to see that Bitcoin has grown rapidly in just a short time. Whether Bitcoin has become a peer to peer digital currency or a store of value, it will go that way. It needs government approval to become a digital currency, and we cannot avoid it.

That's why Bitcoin has now "looks" become centralized but Bitcoin is not connected to any entity. Bitcoin still stands alone without anyone being able to control it. They are the ones who control price movements. However, Bitcoin has become a digital currency in online shops that accept Bitcoin payments.

However, people are currently using Bitcoin as a store of value because they couldn't accumulate much of it in the early days of it.

Decentralization is not always fair, because one entity can take the largest portion and manipulate the market. However, for the Bitcoin market itself, which is already quite large, I doubt that one cex or entity can manipulate the market alone because the Bitcoin market position is already quite large and they certainly need large funds to manipulate this market. Moreover, when they do dumping or pumping, of course there is a Bitcoin community that is ready to do backup, whether it's buying it back or selling it, so the opportunity for one entity to manipulate the market is quite difficult.

With all due respect to Satoshi, I think that bitcoin has grown beyond what his original plans might be, because millions of people with different ideologies have adopted it. The only constant thing in life is change, therefore, bitcoin being decentralized will mean that majority of people that holds it will influence how it is used. Satoshi, has to accept what bitcoin is today, because the geometrical increase in the number of people that are adopting the coin everyday is based on the fact that they can earn  from it. People capitalize on things that will reward them financially, so focusing on bitcoin more as an investment, rather than on P2P is no surprising.  

Satoshi’s main motive was to develop a decentralised way of payment. Bitcoins were initially developed for these purpose only. Now a days we have seen many adaptations of uses of Bitcoins. If Satoshi is still present, then he might also be witnessing the same. I would say Satoshi doesn’t really care about the way people are treating Bitcoins now. He did his part by developing it. Now how the world uses it, completely depends on the people only.

Satoshi created bitcoin to become a peer-to-peer currency, but today, bitcoin is being used by us as a speculative tool to make profits. I don't think he would have been very happy to have been alive to see what was going on.  but I agree with you, although many people are making bitcoin more centralized by using centralized exchanges, custodial wallets but bitcoin will not lose its decentralized nature just because of a few parts that small.

It is completely irrelevant what Satoshi would think about where Bitcoin is today compared to the time when he was still active, because the essence of everything was to create something decentralized and to offer people an alternative to the existing financial system. He did his part of the job more than well, but he could not or did not want to influence what happened afterwards.

I agree that his idea only partially succeeded and that it works for a small percentage of people, and the rest are just waiting for some influential individual or some company to say something and buy BTC so that they can profit from such a decision. The direction we're going in could very easily result in Bitcoin becoming a toy for the rich (as long as it's fun/profitable for them), while the average Joe will have been thrown out of the game a long time ago because he thought a six-digit number was a great opportunity for an exit point.

Thank you all for your replies, I can't seem to reply all of you one by one hence I'm a newbie it will take forever.

To add on the thread;

I agree with most of you on Satoshi's brilliance and forseeing on the future. He would have thought every scenerio that could happen to bitcoin. One thing I want to add is that no one would have known how big will Bitcoin be, however Satoshi created and implemented every thing just in case.

- We all know Bitcoin's true goal was adoption as many of you have said, but in what way; I still don't believe it became the Bitcoin that Satoshi visionized, maybe not the technology but the community is far far away from the initial days cypherpunk era.

Although I have missed my opportunity on BTC by selling them early, I don't believe owning *** BTC's is the goal here unlike the people the new bull season has brought. I believe Satoshi not only created Bitcoin, but created a new form of thinking, decentralisation. Some people think he is dead some people think he is alive. I also have high belief on Hal but this is off topic so I'm not going into it. All I know is that the day Satoshi dissappeared off this earth, BTC became alive as never before; %100 percent decentralised and community driven. And most importantly here to stay for a long time. Who knows, maybe this was the master's plan all along.


Thanks for reading, as always.

With respect,

PS: Thanks for the merits NotATether! You made my week! :)
Tetaeridanus✨

Let's be honest, even Satoshi would have not been able to change the course of history and the course of cryptocurrency. Bitcoin has come a long way and let's not forget that for most people on the planet it's still something relatively new so there's always room more growth and change. Maybe Bitcoin didn't turn out exactly as it was initially anticipated by Satoshi, but it has survived and thrived in the market for 14 years which is no little accomplishment.

If he was alive and saw what we are doing with bitcoin, I don't think he will be as disappointed as the OP or many people think. It is true that bitcoin is not being used as a currency and is being used by us more as an investment. But that doesn't mean it can't be used as payment, there are still a lot of people using bitcoin for payment. It shows that bitcoin has become more multifunctional than Satoshi expected, today bitcoin can be used as an asset, currency, payment method, your own bank...I don't think he will be disappointed with this result. What is more important is that people have supported his idea, and more and more people are using bitcoin, how can it be said that he will be disappointed?

Satoshi made this as a currency which is still something that we used but most of us used it as an investment because of its price. His vision is still true as it is widely used and for sure happy with the outcome of it but Bitcoin is just too young still not mined all the Bitcoin and just getting adopted by countries so there is still a lot of room for adoption and maybe the future of the cashless world.

No matter what people use it for or the purpose of it the mission of it really is to help people and ease the burden so it is doing its purpose so both of us and Satoshi are happy because of Bitcoin.

Hey!

I didn't say he would be dissapointed, I think he would be proud of his creation having a life of its own and went on its own way. I just believe bitcoin deviated from his vision into a different entity in ways.

Respect.

Tetaeridanus✨

He will feel sad and happy at the same time.

I think if he's really want to see people is use high security cryptocurrency as a currency, he should create decentralized stable coin (although we're already have DAI now). But whatever it's, there's no cryptocurrency will overtake Bitcoin, at least for next two decades.

I agree with your opinion, regardless of the current vision of Bitcoin, Satoshi initially aimed to make it a digital currency, but I also cannot deny that now the vision has shifted to a valuable means of storing value. It's just that when Satoshi created Bitcoin, perhaps the conditions and situations were focused on its incompatibility with the damaged fiat system. Even though Bitcoin vision is now to become a means of storing value, we still do not reduce the initial vision and still provide open space for anyone or any country that ultimately implements the vision in accordance with what Satoshi hoped for from the start. Because in the end, whether as a means of storing value or digital currency, both still complement each other and are in the same circle, namely freedom.

Well, thanks for sharing your thought @op, but for me, I believe bitcoin is just where satoshi dreamt it will be, forget the whole centralized entities controlling bitcoin and having the power to manipulate the price so they can make money off it, forget it all, you will have to agree with me that, nothing in this world will succeed without centralized help, like it or not, it's a fact.

If bitcoin was left to be a p2p money like you think that is exactly what satoshi created bitcoin to be, do you really think that bitcoin will be where it is today...

I am going to make a thread on this soon..

He will very disappointment of the ordinal spam.

Yeah really sound like Satoshi in today’s date. Imagine his working around the clock to build the blockchain and release genesis thinking that go dear bitcoin you will be the master of decentralised payment network. Yet here we are already building huge financial institutions to reap the profits from people’s wallet.

Everything went wrong when someone might have thought about bitcoin as trading instrument started listing it. Everything got even worst when Altcoins formed. That’s really the world Satoshi never ever imagined.

So I believe, we are in wrong direction for sure.

I don't want to justify all the ICOs and the scams that followed that trend but unfortunately this is how it works pretty much in every field: when someone comes up with an idea there always will be other people who will try to make something similar just to make some quick money, if there is an opportunity to make money people will jump on it. History will always repeat itself.

I adore serious questions to which I immediately give equally serious answers.

I think only he himself can tell about his vision. Over time, this vision of his could seriously change. Maybe it would be better to ask him himself?

What is the connection between "cex or dex can manipulate the price" and "Satoshi's P2P vision"? How does "cex or dex" prevent you from taking p2p? What prevents you from buying and selling anything for bitcoin, and not at the rate of dollar? And then, you immediately start not caring about price pumps and dumps. 1 BTC = ~26.500$ 1 BTC and then everything falls into place.

Before criticize others, look at yourself. How do you use bitcoin? Start changing the world with yourself first, not with others.

But did satoshi just forget to tell us about this? But I think that he himself didn’t really know what bitcoin would eventually become, how it would change and how exactly people would use it.

There was already one, with his true Satoshi Vision Bitcoin. Remember this one? Maybe this is enough already?

Well formation of altcoins with ICO's pretty much changed the game and turned BTC in to a store of value in my thoughts tbh. There are faster networks such as XRP and XLM, there are more private bridges such as Dash and XMR; and there is a network (ERC) where people can implement their own tokens and release them. So the game has shifted a long way such as previous poster said; Bitcoin has taken life of it's own and created an ecosystem; this in my thoughts what deviated the way of BTC as a peer-to-peer digital currency to a store of value. I am not even talking about forks that BTC had (BCH LTC) etc...

Thanks for everyone's replies. This has been a seriously informative thread, nice to see many people's opinions; I wish many more disccusion with you guys!


Tetaeridanus✨

We can say that this is not what Satoshi has imagined but I also don’t think he’ll be sad nor regret his invention. Bitcoin is still paving its way to its global adoption, maybe not as a peer to peer currency at the moment but I guess in the long run, people will certainly consider and eventually use it as a good digital currency. For now, let’s just be contented seeing bitcoin as a store of value, soon it will be a peer to peer currency just like Satoshi has envisioned.

At first glance, it is impossible to say with certainty what Satoshi would think of the current development of the cryptocurrency.  Furthermore, Satoshi passed away in 2010 and has not revealed his identity or his personal opinion on the future of Bitcoin.  However, in my opinion, Satoshi was probably pleased to see that Bitcoin had achieved a certain level of global acceptance and withstood various challenges over the years.  Not everything is rosy, but honestly it's something I would be absolutely happy about.  And it's worth noting that Satoshi may also have had concerns about excessive speculation, price volatility, and centralization in the cryptocurrency space.

Hello thanks for your answer, I will reply to you because you directly asked me questions. I am new to the forum and quoting so I will answer below.

- It seems like I can't or no one can interview him :). I am talking about the foundation narrative, satoshi's cryptopunk era vision and whitepaper language. Which basically supports my vision of satoshi's, which he created bitcoin for peer-to-peer use and he uses the word centralised authorities many many times in negative format. I believe exchanges are not only centralised authorities but they have an IMPACT on the Bitcoin markets which can affect buyers and sellers. ( 1 btc = 1 btc yes I also believe that hence central authorities have an impact on people's actions).
- I am not critisizing people, the people I critisized are the people who don't know the fundementals of bitcoin or even what blockchain means but got in after the 2020 where the markets was in a bullrun; and giving trading advices like btc next year 200.000 or 300.000. Don't look at my register date I am in crypto since 8 years. I used BTC as a currency to gamble in 2015-16s. Did I store any? No. Am I sad, you can imagine as yes. So you can understand my opinion this way. I always looked at it as a currency. Yeah I was wrong, and I accept it. However the thread is about your opinions, which I am interested of.
-Are you talking about the fork of BCH? If so I don't believe that guy is the satoshi even not one bit.

I thank you for your questions,

Tetaeridanus✨

Probably got his mind twisted , its difficult knowing how much bitcoin evolution going for now from simple cryptocurrency to digital asset  nfts and such , ita probably will still going forward from now on

Have you also thought if bitcoin was only limited to its p2p do you think bitcoin would have been this popular without the helps of the centralized exchange and investors who turned it as a store of value? Yes lemme just say from my own point of view, we can say that the reason for bitcoin to get this exposure was a results of centralized exchange and, when bitcoin remains decentralized as its no doubt that there could be growth but would be limited to some certain point which people might not find it that interesting to ventured into because no price changes and no increments, they way its used now is the way its better understood by its users and this is stirring up a massive adoption.

Yes a good point of view indeed sir,

I would like to emphasize, does btc needs to increase in price? For adoption or gaining more traders?

In my opinion more people are trading then using bitcoin, which contradicts that it got adoption as a payment system.

Anyways, just my 2 cents.

Tetaeridanus✨

Your question somehow looks like saying ( water is only meant for drinking) hence why do people uses water to bath and do other things, this is what i just found out from your questions.

Of course those things you mentioned are things that gives lift to bitcoin to gain this massive attention.
 
Well i can't sense any contradiction here it all depends on your understanding and between no body stops you from not using it as it was created to be p2p. People finds more valuable purpose from it's original purpose which they noticed trading also gives additional profits to it. At this point would you say you won't trade since it was only meant for p2p?
No, because if you are that good in trading I believe you would also ventured into trading or possibly you can decides to buy and hold to utilized the efficacy of bitcoin.

I think I wouldn't be upset if I were Satoshi and saw Bitcoin becoming what it is today. Yes, the goal was a different one but it has evolved into something else. Now it has multiple use cases and more freedom. It still holds the purpose of being decentralized. It is still the ultimate P2P solution no doubt. And that's the beauty of Bitcoin. It can be whatever you want. For example, P2P transactions digital currency, borderless transactions throughout the world, a way to make money, an asset, a payment method, someone's property, or someone's retirement plan.

It is evolving to become more and more every day. It was Satoshi's vision and now it has become ours. We can make it grow. So I don't think Satoshi would be upset. At least that's my thinking from my point of view.

Well if you read the previous, you would also know I have a long trading history; huge losses which made me self disciplined into the topic and no I don't plan to trade bitcoins, I only buy and don't sell , If that is your question. Water is not created by man kind, and God didn't give a whitepaper about water; but BTC has a whitepaper, no need for aggressive defence mechanisms; I already asked your thoughts, and you have given them. Water example is not valid.

Also, you taking down my whole question in to a quoted sentemcr is trying to invalidate all my opinion; don't look at my newbie rank; I am in this industry for long time, in 2 years a decade.

He'd be happy, his vision and whatever has happened still it's being adopted by the world. Someone who has invented a project that's being adopted globally regardless of what his vision was and didn't anticipate to be this big will surely make himself happy and satisfied. Many have also noticed that in the past but that's fine, Bitcoin was mostly considered today as an asset, a store of value, and while small traders and investors are just accumulating and taking profit from it, and the same goes to the institutions that are joining the space and surely satoshi if seeing that will be mostly proud of himself.

As much as bitcoin is the brain child of Satoshi, I don't think any developments of the coin are a solo decision, and whatever coin we have today has gone through a consensus that represents the majority and they too have a limit to how far they can go, because any big changes or a hard fork done on bitcoin means we could have something...probably an altcoin.

All in all, bitcoin has never been perfect and along the way its had the opportunity to get some cosmetic upgrades that has made it better and Satoshi himself wouldn't be mad about them  ::)

People don't put their money where they can't make money and having bitcoin has a currency or store of value isn't fun anymore, people want more hence the cry for Bitcoin ETFs which is a platform to make more money and get bitcoins price going up as a by product...so it's not about being the OG of BTC, sometimes let's move with time.

I can't really say what's on satoshi's mind about the bitcoin coin  today, but in my perspective I think he would be proud cause he had a vision about creating a digital currency and above all odds he made it . And moreover bitcoin has changed a lot of lives today than any fait currency. where ever he is I think he is really smiling.

I don't think he'll be too happy with etf's, or with people storing their BTC's in centralized exchanges, but on the other hand he made BTC free, permissionless and censorship resistant, so who can tell another what to do with their coins? What matters is that BTC is doing what it was created for, it is p2p electronic cash and anyone can use it for that anytime they want to. I don't think we should be too concerned about what Satoshi would think about BTC right now, but just use your coins however you wish to do so.

Either there will be large volume or no volume. The estimates conveyed by him are more than 20 years old and Bitcoin is still the same which has brought real change as an extraordinary breakthrough in a free financial system without the need for intermediaries in transactions.

Currently, when many people use Bitcoin as an investment asset with the hope of large profits over a long period of time in each period, it is not a mistake, because using it as an investment asset can bring profits, meaning that Bitcoin is successful on both sides. The first side is successful as an easy transaction tool and the second side is successful if used as an investment asset.
Satoshi succeeded.

And above all, he may be upset as he would have thought that bitcoin would have been used as a primary currency or as a medium of exchange but it is most used as a store of value.

So, he would be happy seeing all the centralized exchange control of the bitcoin, all these whale manipulations and also these big pump and dump of the market. Also, he wouldn't have dreamed that the altcoins would find a place inside the crypto world where 95% of them are built only to get people's wealth and give them losses.

If Satoshi were alive, how many proud people would not feel ashamed to call themselves the Christ of world finance? It is obvious that if someone performs such a great feat, which has been invented by someone from the history of the world to this day, humanity, Dedicated to According to my opinion, Satochi has done what humanity has been trying to find for centuries: discover a system in which there is no need for a third party, everyone has authority over their own portfolio, and someone else's assets can easily be stolen. Or can't do any damage. Believe it or not, this invention of Satochi was entitled to a noble price in that era. In my opinion, if there is no fear of mistakes and if I can save my life, then it will be right to bring Satoshi Nakamoto to number one on the list of great people of the 20th century. Because he created the service that is first in need, it means money.
 
There are no obligations on any person in the cryptocurrency industry regarding how you want to earn, invest for a long time, or trade for so there are no such obligations on you despite the fact that it is entirely up to you as to how you can profit.

I want to talk a little bit about Satoshi's economic genius. Bitcoin's biggest breach in the classical financial system and its biggest economic success was the creation of an alternative currency, an alternative labor based on technology. I don't think there is any other example of a relatively small butterfly like Satoshi having such an impact on the world. It has nothing to do with luck and all the developments are logical, everything happened as it should.

Satoshi would be proud of the system he created today but it is not his failure that the system he wanted to build was not fully integrated into the financial system. Satoshi opened the door to financial independence for humanity with the p2p system but today, the bitcoin and cryptocurrency ecosystem is trying to stop being a means of rapid enrichment. Satoshi would be proud of us all if we overcome all this and embrace the Bitcoin philosophy.

No one could able to predict the future and there's no man that would really be able to do so and even Satoshi himself didnt expect that Bitcoin did really become so big or on what it is today but its true that the general concept or idea that he do have in mind is really that totally opposing on what it should be but doesnt mean that people or the community hadnt consider or really recognized about its utility.It is really just that normal that people would really be prioritizing on something that could make profit for them and this is why its not shocking that they would really be focusing on that investment side of things.

We know that its one of the benefits on holding up Bitcoin on which it could potentially bring out profits without doing something or simply just holding for long term. As we do speak about fiat in correlation
then expect that government would really be still having that kind of engagement or influence on things which would really be normal or simply things being centralized into those platforms
which are involved but still talking solely with Bitcoin then it do really still functions on what it should be and this is what the community do really likes and prefer and this is why
it is really that mainly getting that huge community support on the entire crypto space.

It may be not the same as what Satoshi wrote on the whitepaper, but it is actually a positive thing for Bitcoin. I don't think it is 100% the opposite of its purpose on the WP.

Anyway, if people can't take advantage from Bitcoin investment, Bitcoin may be difficult to be popular as today. I can't imagine if there are too few people using Bitcoin, how Bitcoin can be used and known around the world? If we only apply Bitcoin as a digital currency, it will be hard to develop. Everyone must realize that even in some countries Bitcoin is only allowed as a digital asset.

For me, become a digital asset is one step closer for Bitcoin to be an international currency in the future.

- It is because some people assume it is easier to transfer it to CEX wallets than transfer it to non custodial wallets. People also can use it easier on CEX. And we must understand that CEX is more popular in many countries.
- Dollar is the international currency, so it is normal if people compare it with dollars. Anyway, how they know the growth of the value if they only think 1 BTC = 1 BTC

No one knows what Satoshi is thinking, people don't even know where Satoshi is, let alone Satoshi's feelings and insight into the current Bitcoin happenings.  We can only assume according to what we believe in but it does not made our assumption correct because Satoshi might be thinking otherwise.

Anyway, we should not curse these centralized exchanges since they have played huge part in crypto adoption.  If we only rely on DEXes  I believe we won't be in the current milestone and probably way behind than where is Bitcoin now.

Centralized exchanges help a lot in institutional adoption since they have catered Bitcoin trades and exchanges and at the same time comply with regulations, the government has taken notice of Bitcoin and how they can implement regulation that allows Bitcoin services to exist.

You have to read it, between the lines, between technologies, between posts... SN left little and enough to understand it.

But, it is not so easy to predict what his thinking would be today, it happens with many other great geniuses or inventors, then, just because you read about bitcoin, you can't be close to his thinking, maybe at a 0.01% of their vision.

If you analyze it by its white paper, you have a vision, if you analyze it by its code (bitcoin), you have a vision, if you analyze it by the things that can be read about it in the forum and other things where you know him was the who wrote them, you have a vision.

Based on the above and the 0.01% coincidence of thought, SN might say:

Yes, we should not deny that centralized exchanges played an important role in helping bitcoin become as popular as it is today. Although not all, I would say that most bitcoin beginners will use centralized exchanges. It can be said that it is an important bridge to connect newbies and bitcoin in the early stages of being an investor.

Even though exchanges go against the decentralized nature of bitcoin, bitcoin investors like us are still using them. We should not curse them while still using them in daily transactions.

Hey all,

Thank you for taking your time and replying to my thread; lots of different voices and new things that I learned as well. A healthy community should be non-homogenic for quality and educative discussions; just like here in bitcointalk. I am still reading your replies :)

Cheers

Tetaeridanus✨

[/quote]
There are no obligations on any person in the cryptocurrency industry regarding how you want to earn, invest for a long time, or trade for so there are no such obligations on you despite the fact that it is entirely up to you as to how you can profit.
[/quote]

In my replies I also mentioned the need for profits. I as well and everyone in bitcoin community cares about profits, however this contradicts the currency part. BTC was created as a currency with a hedge mechanism against inflation. Currencies gain value against each other, that is normal and how it should be. What I tried to say was when Satoshi created it, none of these parameters were known or how far bitcoin would go was known. The fact that the coin and it's ecosystem(thanks do developers) never stopped to improve and most importantly adapt; is because of the creation of the centuries' one of the biggest masterminds. He, himself satoshi.

We never know, but I think Satoshi Nakamoto's dream for Bitcoin is still far from what he dreamed of, since Bitcoin is still not widely accepted, and countries' policy for Bitcoin is still not concrete, although there is progress like El Salvador, making bitcoin as legal tender, there is still long way to go, adaptation is still ongoing and there are still lots of things to be done.

Satoshi does not need to give an opinion, he intelligently created a great trading tool, then everyone gives their opinion according to their own perspective.

We live in a time in which any opinion is criticized, therefore saying A or B would be judged.

Happy... and Sad as well. I guess.

Happy because Satoshi see's Bitcoin as a success because overtime, more and more people are trying to adopt it. More and more people are starting to accept Bitcoin. More and more establishments are starting to accept Bitcoin as an alternative mode of payment. A few people around the world changed their lives permanently because of Bitcoin. Many changed their lives with the help of Bitcoin.

On the other hand though, I think that Satoshi is also sad because what's in the whitepaper isn't happening... or at least most of it. Yes Bitcoin has been used for peer-to-peer transaction by some, but some see it as an asset where they can earn profit from it. Some sees Bitcoin more of an asset than a currency which it is supposed to be. Some people prefer holding it than using it to pay their things that they're buying. Worse is that, government is banning their people from using Bitcoin for some unknown reasons. I mean why ban the people from using something that they can't even control.

Overall, it's hard to know what Satoshi must be thinking right now (if Satoshi's still alive), but whatever Satoshi's feeling is, I guess we just need to thank Satoshi for creating a coin like this.

Without CEXs, whether people like it or not, we would never be here, I wouldn't be here. If something is too complicate people won't use it, as simple as that. Just think about computers and smartphones: if everyone had to build his own device very few people would use them so, again, people can be against Microsoft, Apple, etc etc, but if things aren't easy people just won't buy/use them.

Yes, you didn't say he was disappointed in bitcoin, but all you said in your article was to emphasize that bitcoin is deviating from his vision, so I think you're guessing he will be disappointed with what is happening  ;D ;D.

In short, this is just our speculation, we are not him so we cannot know what he is thinking. But I think his mission is accomplished, his job is to create bitcoin for the community and what bitcoin becomes is up to the community to decide.

Bitcoin is still in line with Satoshi's original goals, it's just that Bitcoin users are implementing it to a place that benefits them personally. Satoshi who does not believe in the financial system built by the government, has succeeded in attracting the attention of most people around the world to turn to Bitcoin with the aim of becoming a peer to peer digital currency, but Bitcoin users try to take advantage of this opportunity by combining it as a store of value. The ease of carrying out transactions and being able to be used as a place to store value makes the volume of Bitcoin transactions even greater.

Absolutely this wouldn't have been possible if things were too difficult to be operated even as some point they would feel discouraged along the line they may source for another alternative means, but still there is a reason for bitcoin not limited to its peer to peer nature. People finding it more valuable and useful than its initial purpose that is why its brings togetherness of everyone and, attention is being given more and more people are still diving into bitcoin to explore new things about bitcoin progress.

What bitcoin is today was not Satoshi's original intention when he created it. In any case, it has contributed to the extent to which its use has gained widespread acceptance around the world. It amuses me how much the speculative market drives the bitcoin price, but has some level of decentralisation that cannot be controlled by one person or a group, in my opinion which is still not in a bad state yet.

I don't think he will be sad about this, I believe that when he created bitcoin he also predicted this because bitcoin is creating a decentralized system that is completely opposite to a centralized system government. There are some theories that bitcoin was created out of political views, and I think that's true, bitcoin clearly goes against the concepts that governments are placing on our world. He predicted it and that's why he decided to stay anonymous forever to avoid unfortunate incidents happening to himself and bitcoin.

Despite not aligning with the initial vision outlined in the Whitepaper, Bitcoin has grown to this magnitude, and I believe Satoshi would still take pride in the positive impact stemming from his creation. The repercussions are on a grand scale and have significantly reshaped the global economic landscape. Achieving this level of prominence is indeed a source of great pride, and I am confident that any remorse Satoshi may have felt for the deviation from the intended use is assuaged by this widespread adoption.

I have no regrets about acquainting myself with Bitcoin, and I take pride in this innovation.

P2P is no longer preferred because many people are not honest or faithful to their words. That is why I agree that we would not be here if there were no exchanges. If you believe that exchanges, particularly CEX, are unsafe, I believe that using P2P is much riskier. When people hear about Bitcoin or cryptocurrency in my area, they usually assume you are wealthy.

So, if you ever use P2P, you never know who you're dealing with, and there have already been incidents where they've exploited their clients.

In this situation, Satoshi might not expect this to happen, but it all leads to the same direction.

As we know, Satoshi Nakamoto's vision of Bitcoin, in the whitepaper Bitcoin was created as a decentralized peer-to-peer electronic money system and would operate independently of traditional financial institutions. The aim is to overcome several fundamental problems of the existing centralized financial system, including trust issues, the absence of intermediaries, high transaction costs, long settlement times, and so on.
And no one knows whether Mr. Satoshi Nakamoto is disappointed or not with what happened, what is clear is that he must be very happy because Bitcoin users or owners continue to increase and develop. Despite the fact that almost everyone treats Bitcoin for personal gain in different ways, and I think Bitcoin can be said to be still in its infancy. And his original vision will not disappear completely, and I am sure that one day or in the future his vision will be realized.

Bitcoin's original vision was groundbreaking, a rebellion against the traditional financial systems. If I were Satoshi, I would look at the current situation with a mixed feeling of fascination and sadness. Fascination, because a concept I birthed has become globally recognized. Sad, because the original purpose seems to fade away

The manipulation by centralized exchanges? You're right. This is a glaring issue. Satoshi aimed for a decentralized, peer-to-peer economy, not for a few powerful entities to puppeteer the market dynamics. The initial aim was a pure P2P exchange; not this warped B2P version where exchanges wield more power than they should

The "store of value" vs"currency" is right on. The scaling issues made Bitcoin less practical as a daily currency, so the narrative got twisted. The masses, especially post-2020, dont necessarily grasp the depth of its founding philosophy

We seem to have gone in a different direction from Satoshi's dream, dont we?  Bitcoin was supposed to be for the people, by the people. Not a playground for the elite

I accidentally double merited you, however no problem; you understood and gave a simple answer.

Cheers mate

Tetaeridanus✨

Satoshi does not need to give an opinion? Did you read my thread man? He already wrote a whitepaper, with the title peer-to-peer currency not decentralised store of value. We know his vision about bitcoin since 14 years now. My question was how bitcoin changed since his creation and what would he think about it if he was alive. No one can judge why Satoshi created Bitcoin, he is the reason why we are here.

Yes, I read the title and yes, he published his purpose more than a decade ago, people change over the years, maybe their ideology changed or maybe not. If he has changed his thinking or not today, the most likely thing is that he thinks that he should not give an opinion on the matter, why? Because bitcoin is what it is, it depends on each person how they visualize it and in what. context use it.

Well wherever Satoshi is right now, i think he will be happy for his innovation and ideas coming to reality and dream actualization even if not met yet,believing that one day he will achieve his purpose peer-to-peer decentralization, not holding and saving  Bitcoin. Moreover Bitcoin is spreading Gradially around the globe and becoming a legal tendency in some countries. Just as it will take sometime to grow in an investment,so also Bitcoin will gradually meet Satoshi's aims and objectives, those countries that  are not legaliasing it will do that because some are secretly using Bitcoin will definitely legalize it some day openly and base their economy on it

I cannot say it’s totally in the wrong place because even if people have resorted to use it as a store of value more than a digital currency, still it serves the idea of freedom that Satoshi would want us to experience from the manipulation of the government. I believe we are still heading to the original plan using bitcoin as a currency but for now, it’s just that the global adoption is still very hard to be realized.

Thank you for your answer, a different way to look at the topic.

Well, if Satoshi is somewhere watching from afar, he will not be completely sad because he knows that there are people who are still living in his vision for Bitcoin creation, and definitely everyone cannot just think alike for everything. But what I think will sadden Satoshi the most is how Bitcoiners have failed to keep their privacy safe while using Bitcoin. It was never meant to be a thing to give off your identity before you can acquire it and now centralized exchange have made some Bitcoin users give off their information before buying Bitcoin. But another thing is that some people were able to acquire Bitcoin because of CEX, and the question is, if there were no CEX, could Bitcoin have spread so far the way it is now? (I don't know.) If power were in the hands of all CEX, many of them would not ask for your KYC, but it's something that the government has deemed necessary for them to comply with.

It's really true that it would definitely make a lot of people happy and excited about it, but I would rather very much see it not changed because it is not smart to get him involved right now. That would be sort of centralization if we start to trust one person, we need to let bitcoin be as decentralized as possible, and I do not mean just technologically, I mean literally just take your hands off it and let the market decide everything levels.

That would be a lot better and I think that's what I would rather see as well. I know not a lot of people would be glad to keep seeing it this way, some people want some action, watching be boring like right now is not that great for them but I feel like it could be decent.

You’re thinking inside the box my friend. What you fail to consideris that, despite the large amount of entities and corporations huying bitcoins as security asset, it’s still pretty much decentralized. We still have the power over bitcoin. One well timed mass dump of bitcoin over a short period of time and you’ll see these companies selling their bitcoins as fast as they bought in.

Chillax and don’t be scared just cause companies buy bitcoin now. I think we caneven assume that this massive upgrade from bitcoin being a measly coin with little to no value back then, Satoshi will certainly be happy and proud.

Satoshi might not like what he’s seeing today since the original design for bitcoin as a digital peer to peer currency is still not happening but seeing bitcoin price still surging high and considered the most secured and profitable crypto investment is already a great achievement and Satoshi should take the credit for that. So I don’t think he will feel disappointed with what is happening. This is just the beginning and I’m pretty sure bitcoin as a currency will still be possible hopefully soon in the future.

I am not in a place to interpret Satoshi's beliefs.  So anything I stated does not represent Satoshi's insight.  For me I do not think that the current condition of Bitcoin is bad.  Being used as investment is natural when profit is seen when trading it.  Even the fiat currency which is created as legal tender is being viewed as an investment because of its price fluctuation.  One proof of this is the presence of Forex.


Who knows, maybe Satoshi does not mind.  If he is still alive, I do not think he will just stand idle if he doesn't like what is happening to his creation today.

I have been thinking about this topic for a while, I don't think I would know what Satoshi's would think, but if I was Satoshi, I would be surprise that the idea that I created to erase the hegemony of central bank and the oligarch behind it, is now became another investment asset that is used to make the 'whale' get richer. I mean I would be happy too since the idea is working, but it would be a huge dilema. 

I think he is thinking. Damn, we came a long way from the bottom and we came a long way from the top,,,,,,its indecision time now.

Satoshi did his job, now it's on us ;) that how we treat with the bitcoin? Whenever a person does something new, he is not aware of his results, the same thing happens with Satoshi, I think he knew about the bitcoin, but the bitcoin at a stage today, I confidently say, he wouldn't know about it. Of course, bitcoin is believed as decentralized, and the making of nodes has an impact on all of these. The banking system should be a way for it if we think differently.

Bitcoin has now evolved all over the world and it has gained so much potential in the previous few years, Satoshi must be proud of his work, maybe if he was at this stage, he would do many more things like bitcoin, so we could also take benefits from it. Great people have always some great thinking about new things.

As crypto payment gateway, it's important to acknowledge the diversity of opinions within the cryptocurrency community regarding Satoshi Nakamoto's vision and the evolution of Bitcoin. We respect the different perspectives shared by enthusiasts and investors alike.

Satoshi Nakamoto's original vision for Bitcoin was indeed centered around the idea of creating a decentralized, peer-to-peer digital currency that could empower individuals and provide an alternative to traditional financial systems. Over time, the cryptocurrency landscape has evolved in various ways, including increased institutional involvement and changes in market dynamics.

https://coinremitter.com/?utm_source=com&utm_medium=bitcointalks , as a crypto payment gateway, focuses on facilitating secure and efficient transactions for businesses and individuals using cryptocurrencies, including Bitcoin. We believe that Bitcoin and other cryptocurrencies can still serve as valuable tools for online payments, remittances, and more.

While the discussion about whether Bitcoin has strayed from Satoshi's original vision is ongoing, we continue to support the adoption of cryptocurrencies in various use cases, including e-commerce, online businesses, and charitable donations. Our commitment is to provide a reliable and user-friendly platform for cryptocurrency transactions, helping users harness the benefits of digital assets for their financial needs.

Ultimately, the cryptocurrency ecosystem is dynamic, and its future direction will be shaped by the collective choices and innovations of its participants. We remain dedicated to offering services that empower users to transact with cryptocurrencies easily and securely, regardless of their perspectives on Bitcoin's evolution.

Someone dumping coins to lower the price inflicts massive losses on themselves from slippage.  The scenario you described causes the "manipulator" to lose BTC, not acquire it.

I am sure that Satoshi Nakamoto will be shaking his head and a little bit dismayed with the way Bitcoin has become as it might not be what he intended it to be. However, since I think he is also a big realist and not a full-pledged and hard idealist, am sure he would also look into the many things Bitcoin has had succeeded and if he will be fair he can be celebrating with some joy for the success Bitcoin is already into. In life, we can never be perfect and so any human-made system and platform can never be perfect...expecting it otherwise would be insanity.

I think Satoshi would be very proud of some things and disappointed in others.

Isnt it odd, if not foolish, that Satoshi may not have imagined Bitcoin's success? Satoshi methodically created Bitcoin, and while its tidal waves of development and adoption may exceed initial projections, its unlikely he overlooked its potential. Bitcoin's decentralization is basic, necessary, and Satoshi's aim. Should we assume Satoshi didnt realize his creation's potential scope and impact?

Your suggestion to involve the financial system in Bitcoin's decentralized utopia seems to contradict its core values. Bitcoin resists traditional banking systems, right? Didnt Satoshi carefully instill that principle in its DNA? The pseudo-problem may be: How do we balance Bitcoin's revolutionary, decentralized nature with a need to integrate it with established banking systems without compromising its essential principles?