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Author Topic: How is Bitcoin living up to Satoshi's original vision?  (Read 592 times)
DooMAD
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February 14, 2020, 10:53:37 AM
 #41

Only the strongest will remain in this market.

And part of Bitcoin remaining the strongest will mean not compromising the parts that make it strong in the hope of making it more conducive to use as a currency.  Some forkcoins have already proven that's not a viable path.  We need to find ways to make it more usable as a currency without sacrificing the existing qualities people believe in and rely on.

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SquallLeonhart
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February 15, 2020, 04:06:51 PM
 #42

To be sincere, Bitcoin has really changed from what it used to be. I can remember for sure that there was a time when Bitcoin used to as you have said and even better, but now it is totally different and my friend had to pay up to $7 on Blockchain wallet for a transaction that would take up to one hour, although he later told me that it was because he received lots of small coins, but I don’t know that for sure. Even the person that referred me to Bitcoin is no longer into it, he decided to quit after the last bull run, he withdrew all his money, a huge amount and he quit.

When I asked him why he decided to quit since he’s the one that once advised me to be investing in Bitcoin, he told me that’s because everything has changed and Bitcoin is no longer what it used to be. Well, I am not quitting anytime soon, I still like Bitcoin and I will continue making use of it and one day there might be change.

johnyj
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February 15, 2020, 04:27:38 PM
 #43

Satoshi is not the God, he can not foresee everything. And the market has put bitcoin to use in mainly cross boarder transactions and store of value, those two usages are not fee sensitive yet

Unless it is totally broken for those two purposes, it still serve those demand and attract more people. Other coins in principle can provide better user experience and low fee, but lack of liquidity and awareness

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February 15, 2020, 04:28:17 PM
 #44

To be sincere, Bitcoin has really changed from what it used to be. I can remember for sure that there was a time when Bitcoin used to as you have said and even better, but now it is totally different and my friend had to pay up to $7 on Blockchain wallet for a transaction that would take up to one hour, although he later told me that it was because he received lots of small coins, but I don’t know that for sure. Even the person that referred me to Bitcoin is no longer into it, he decided to quit after the last bull run, he withdrew all his money, a huge amount and he quit.

When I asked him why he decided to quit since he’s the one that once advised me to be investing in Bitcoin, he told me that’s because everything has changed and Bitcoin is no longer what it used to be. Well, I am not quitting anytime soon, I still like Bitcoin and I will continue making use of it and one day there might be change.

The bitcoin today took a lot of changes because we all know that the bitcoin is just a single coin that ignored by the other people because the price of it is just no more than a one-dollar but still there are some people trust then worth of this coin to make a lot of profit someday by the time goes by the price of the bitcoin goes up and from the year of 2017 the bitcoin shows it's the largest amount that reaches for over 14k dollars and that was a huge profit by that time many people getting curious about this coin and now they are making some investment and trading and hoping to earn more and help them to make more money. Now the price of the bitcoin falls and recovered from last year and now we are hoping again the price of it beat the previous record to earn more income.

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