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Author Topic: Do you think Satoshi ever expected Bitcoin to reach this level of success?  (Read 1104 times)
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Today at 04:11:31 PM
 #141

From an experimental whitepaper to a trillion-dollar asset class — has Bitcoin gone beyond even Satoshi’s imagination?

My guess is he could have never imagined that the project would become so successful.
He definitely had this expectation from the btc, but it has outperformed the expectations of its creator and later it outperformed the expectations of almost all the so called professional analysit who said it is a bubble like with no intrinsic value and it will burst in no time.

But they all proved wrong and that's the beauty of what a group of people can do, because the group of crypto users has helped it to cross other companies worth trillions and they had spent a lot of resources but Bitcoin with the help of community crossed them like butter haha.

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Today at 05:57:47 PM
 #142

This shows that people are the only ones that can make or break Bitcoin, if people hate and avoid Bitcoin there will never be any volume and what happened to many proof of work altcoins will happen to Bitcoin, Bitcoin is the real power to the people that's why Satoshi must have said what he said, it either become successful or fail and that failure side is all about rejection.

People who want decentralisation just like what Satoshi wanted are the ones that helped pushed Bitcoin to the mainstream, decentralisation is what many people wanted after so many adversity with banks, this is my story why I found Bitcoin to be the solution to my problem in 2016/2017, also it seems Satoshi wanted Bitcoin to be a payment solution more than a store of value reading from what he said.

We are even there already because the number of people that are interested in buying and holding Bitcoin compare to the world population is very every small in number. The last I google the number is less than 6% of the world population are having Bitcoin, this is even when people are having doubt, half of that number is bearish. Imagine what the price will be looking if we have 6% been bullish. If the rest of the world get interest Bitcoin, it's going to be super crazy.

Bitcoin hasn't reach 2 decade since launched, I believe by 2029, if we look back to what Bitcoin has done, many of us will wish we keep small sats on our wallet. By that time not everyone will be interested in Bitcoin but I tell you Bitcoin will be big and even after that there is more and more price that we are going to see that's why people should never been bother about this short term performance, the price will come back when it's time with without influence of politicians and institutions

R


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Today at 06:17:23 PM
 #143

He may not have thought this level of success was the likely outcome, but more importantly, he did prepare for it with the way the code was written for the future.

If he thought BTC would hit the millions, but didn't put in place things like a limit on coins because it would happen long after he was gone, then Bitcoin likely wouldn't have reached this level of success.  It was the preparedness that led to success, not wishful thinking.  A lesson in there somewhere.

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