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Author Topic: Satoshi must be spinning in his grave.  (Read 280 times)
davis196
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January 06, 2021, 07:00:19 AM
 #21

All that effort and bitcoin becomes just another tool for greedy money men to make money from.  This is the complete opposite of what he envisaged.  I hope you are all happy. Angry

If Satoshi really wanted to NOT make Bitcoin into "another tool for greedy money men",then he just should have made Bitcoin into a stablecoin,just like Tether,or he should have made the Bitcoin supply infinite.
Maybe Satoshi is disappointed with the current state of Bitcoin,or maybe he isn't.Nobody knows.
Are you sure that Satoshi is dead and "spinning in his grave"?Do you have any evidence or you want to just s*it over Bitcoin and Satoshi Nakamoto?



20kevin20
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January 06, 2021, 08:33:41 AM
 #22

It is possible but to enforce it means that freedom will be removed from the user. You can create a system that is fair, you just haven't thought of it yet or your mind can't comprehend the steps to create one for now. The reason that there will be someone that will want more is because we were cultured in a society that prioritizes materialistic desire rather than personal freedom. I have to agree with OP, the tool that was supposed to fight the traditional system is getting integrated in one.
A monetary system that is decentralized doesn't sound like an impossible idea, but having a completely fair one where greed doesn't take over pretty much does. The only way you could probably achieve it is by not allowing humans to send coins from one to another so that only merchants receive coins, but then what happens is .. Merchants become rich and there you have it: even more greed and power coming from corporations..

As long as the money is being spent, wealth inequality will always exist.
Karartma1
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January 06, 2021, 09:52:12 AM
 #23

People still invest in BTC and other cryptocurrencies without really knowing what it's all about, but that may not even matter.

Because it doesn't really matter. As much as people hate FOMO and panic sellers(but mostly panic sellers), both will always exist in any free market, and should be totally expected if you have at least basic knowledge on how markets work.
It seems so easy to get, yet many fail to understand these basic principles. Bitcoin, as an asset, can't be any different from any other asset class we are familiar with.
The biggest difference, la raison d'etre, is all that powers its mechanics: free, open-source, censorship-resistant etc. We said it too many times already.
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