Dear Bitcointalk Community, please change your perspective about Bitcoin!

[slaman29]

Anyway, what the OP said makes sense. Bitcoin is going to the wrong direction, yet they do nothing.

What you feel when reading this page: https://bitcoin.org/en/innovation ? It feels like false advertising.

Actually, many of the pages as bitcoin.org makes me feel a lot of things. Surprise, amusement, sadness. But also... https://bitcoin.org/en/you-need-to-know is quite important. For me, the bottom of that page is a "warning". Bitcoin is still experimental.

By the way, it's unfair to say they are doing nothing. And unfair to say they are advertising.

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[poplolnman]

Money makes the world go round, don't forget that. It's true that maybe at the begininig Bitcoin has engaged and gathered a lot of enthusiasts and visionaires but with time a lot of different people was attracted to Bitcoin with main purpose to get their share of profit and opportunity to make some money.
And I don't think this should necessary be wrong thought some would like to see more idealists.

it's good to see a lot of people get interested in bitcoin , but when the majority bitcoin user have a purpose to make it as a digital asset then the main purpose of bitcoin invention as a payment processor could get disappeared slowly. always needed to remind people about this , greedy sometimes make people forgot about the beautiful bitcoin purpose for the better financial world.

[hawthelegend]

Dude, i salute you. You have a great perspective. But you see my friend, all of these thingsthat happened in the past and still happening to bitcoin today is not something you can call a bad thing. Yes, it might not yet be what satoshi wanted, but these people today who sees bitcoin as what they see it is a very important milestone for it to reach satoshi's dream. Because you see, if the less fortunate people didnt see bitcoin the way they did or do today, they wont be attracted to it, and it wouldn't have gotten where it currently is today.

Now, you see my friend, my point here is that everything may not be as what it seems or what you see today may not be the same tomorrow for it can change and become entirely different depending on the things that affects it. And that is why we have trial and errors, this is why we choose to experience rather than stay on the safe lane, so that we can succeed and if fail, we can learn and with every knowledge we gain, we improve. There are no shortcuts for the greatest things in this world. Everything needs to be done step by step to be molded precisely to become as to what it needs to be.

So with that being said, i know that time will come when satoshi's visions and dreams for bitcoins will surely come true. But today is not the time yet. All we can do is wait and do our part as the early users of bitcoins and spread the knowledge of bitcoins to everyone. It is not a job but a responsibility that we all meed to do. This is not just for you, me, or anyone in this forum, but for every man walking this planet that deserves to live the visions and dreams of shatoshi. This is for a better world.

[Nagadota]

So why are you focusing only on Bitcoin's price on exchanges?

1.  Bitcoin's price on exchanges indicates its level of adoption and how much people have supported it.
2.  The price represents what you can buy with it, it's just a way of measuring Bitcoin's value.  With its current volatility you can't just pretend the value has stayed the same, and that's essential when buying something.
3.  Storing value in Bitcoin will be essential in the future because it helps to keep the price stable.

But now, Bitcoin has becomed just a digital asset.

This is just capitalism.  As long as people continue to think there's a "greater fool" to buy it off them for more, there will be more users and eventually this will make it revolutionary again.

[hatshepsut93]

Bitcoin is a digital gold, because just like real gold it's slow and expensive to move. At it will stay like that until the scaling problem is solved, so pick your side in the ongoing debate and wait for the outcome.
 And where is Satoshi in these hard times? He disappeared long ago without any explanation, so how can you blame people for using Bitcoin for making money via trading it, if there's not much else to do with it?

[poptok1]

Ok first I want to ask you. Are you being paid for that signature you're wearing?

Like it has anything to do with what the guy said, whenever he is getting a tip for his words or not it doesn't change the facts or that he is right or wrong.
I was always considering BTC as a "regular" money, not some mysterious asset/virtual gold etc.
Store of value happens anyway, just because bitcoins Are revolutionary and regardless of it.
Nothing wrong with being paid to speak and I think he is right, almost no one from my surrounding is looking at BTC as on money to be used on daily basis, profit possibility clouded the idea. Can this be changed? I really don't think so, people always going to be people with a little, green, greed goblin inside them.
 

[itsallpc]

I agree with your point. A nice perspective you have there.

Bitcoin, although originally created to change the banking system, has inflated itself in the last few years.

I mean, who and why wouldn't take the change to get profits out of the uprise of Btc?
Sure, the long term goal remains to change the banking system and aim for a better world, but while we are at it, is it wrong to make profits out of it?

Yes,OP might have said true.But when bitcoin has capacity to provide so much salient features,then why not make use of it?That's the thing world is doing today.

[dinofelis]

I fully agree with your disappointment, mine is the same.  However, I think that the problem - in as much as it is a problem, which it seems to be to you, and it is also to me - that bitcoin and the other crypto currencies are mainly speculative assets ("bricks of gold") and are not so much a payment system after all, is not due to "the community betraying Satoshi", but rather, that it is a fundamental design error in bitcoin.  At least, if Satoshi didn't want it to become a speculative asset, but a payment system.

What turns bitcoin by design into a speculative asset, and what makes it impossible to become a good payment system, is the emission curve of bitcoin: the fact that bitcoin was created a lot when it wasn't worth much, and has a decreasing supply when there's an increasing demand and adoption, even making this supply drop to zero.    As such, you get early adopters that enjoyed HUGE amounts of seigniorage, and could become rich with very little risk, investment, and effort, while having something whose increasing rarity is boosting the price.  It makes for great stories of getting rich quickly, people not wanting to miss the train, fear of missing out, .... everything which makes for the better greater-fool game.

Bitcoin has been advertised from the start as "you know, there will only be 21 million coins, if this is going to become the worlds' money, can you imagine how much one coin will be worth, so buy some now for a low sum and be wealthy in a few years !"

The "limited amount of coins" and the wealth of a few early adopters has made bitcoin into a "get rich quickly" machine, not into a "good stable payment system".   Sound money theory with huge initial seigniorage (an oxymoron in itself) is the flawed economic model of bitcoin, instead of Nash's ideal money theory.  It is a flawed theory for a payment system, but it is the perfect design for a huge greater-fool game, also known as a pyramid scheme, which is what bitcoin became - because it was designed that way.

Most other crypto has the same design flaw, which turns this whole thing into a joke as a payment system, but which turns it in one of the better financial gambling feasts in town.  And pumping, it will !  Visibly, financial institutions have too much money on their hands, and have been restricted by law to gamble.  They are longing to be able to gamble on crypto, and this will be the origin of the next big financial crisis.

I'm writing this post because I see it everywhere on this forum. People who just talk about Bitcoin pump(s), $ price, € price and so on... even most legendary members do it!


I think most Bitcoin users miss what Bitcoin really is and what Satoshi wanted it to be.
If you read the white paper, there's no mention about Bitcoin as a digital asset. Satoshi just wanted to create a payment system, a strong one and much better than the traditional ones.

But right now, Bitcoin is mainly considered as a digital asset, digital gold, just an investment tool to make (quick) profit. That's wrong, in my opinion.

I think Bitcoin users are raping Satoshi's original view, thinking only about BTC's value on exchanges.


What most don't understand is that Satoshi gave us a huge power. The power to destroy and make disappear forever the whole old banking system, other online payment systems like paypal and maybe governments too. Forever.

He gave us the power to decentralize everything using the blockchain technology. In short, Satoshi gave us the power the change the world for the better.


So why are you focusing only on Bitcoin's price on exchanges?


Imagine this.

A world where you can send money anywhere and to anyone in the world, instantly and with low fees.
A world where you can buy anything using Bitcoin, from coffees to yatchs.
A world where you can get all the privacy you want.
A world without banks.
A world without old currencies, that only create inflation.
A world where you pay only the taxes you wanna pay and not what you are forced to pay.


I think Satoshi's original view was very revolutionary.
A decentralized payment system and a deflationary currency. A real digital cash.


But now, Bitcoin has becomed just a digital asset. Maybe a toy for rich people to get even richer.
What's so revolutionary about it? The world is already full of assets and investment tool...


In short, Bitcoin lost most of its revolutionary appeal.

I strongly suggest you to change your consideration about Bitcoin. Now it's time to choose, because what we - as a community - decide now will influence all the future history of Bitcoin.


So, what do you prefer? A brick of gold or a better world?

[Junko]

I'm writing this post because I see it everywhere on this forum. People who just talk about Bitcoin pump(s), $ price, € price and so on... even most legendary members do it!


I think most Bitcoin users miss what Bitcoin really is and what Satoshi wanted it to be.
If you read the white paper, there's no mention about Bitcoin as a digital asset. Satoshi just wanted to create a payment system, a strong one and much better than the traditional ones.

But right now, Bitcoin is mainly considered as a digital asset, digital gold, just an investment tool to make (quick) profit. That's wrong, in my opinion.

I think Bitcoin users are raping Satoshi's original view, thinking only about BTC's value on exchanges.


What most don't understand is that Satoshi gave us a huge power. The power to destroy and make disappear forever the whole old banking system, other online payment systems like paypal and maybe governments too. Forever.

He gave us the power to decentralize everything using the blockchain technology. In short, Satoshi gave us the power the change the world for the better.


So why are you focusing only on Bitcoin's price on exchanges?


Imagine this.

A world where you can send money anywhere and to anyone in the world, instantly and with low fees.
A world where you can buy anything using Bitcoin, from coffees to yatchs.
A world where you can get all the privacy you want.
A world without banks.
A world without old currencies, that only create inflation.
A world where you pay only the taxes you wanna pay and not what you are forced to pay.


I think Satoshi's original view was very revolutionary.
A decentralized payment system and a deflationary currency. A real digital cash.


But now, Bitcoin has becomed just a digital asset. Maybe a toy for rich people to get even richer.
What's so revolutionary about it? The world is already full of assets and investment tool...


In short, Bitcoin lost most of its revolutionary appeal.

I strongly suggest you to change your consideration about Bitcoin. Now it's time to choose, because what we - as a community - decide now will influence all the future history of Bitcoin.


So, what do you prefer? A brick of gold or a better world?

As a degenerate bitcoin gambler, I personally feel slighted that you did not include us/those who utilize bitcoin to gamble in your Bitcoin Social Justice Warrior rant. Don't we bitcoin gamblers also, in your words, "rape" Satoshi's view by only focusing on gambling with bitcoins? I am indignant and feel you are discriminating against us and I demand we be treated equally based on the fact that we bitcoin gamblers too can be just as selfish and greedy as those who focus on the price of bitcoins on the exchanges.

As far as a better world, wealth and capital contributes greatly to making the world a better place. I'm not saying money is the only means by which our world can be improved, but it does play a mojor role in funding developments and innovations that do make the world a better place. But by all means, stay up there on your high horse and presume to tell others what and how we should think.

[orpel]

As I see it Bitcoin represents the idea and the use of the Blockchain technology.
This technology is a huge thing and with or without the Bitcoin it will be a huge part of the future of tech.
Not only transactions but many other uses for this technology.
The Bitcoin is just a symbol of this technology.

[jameshowlett]

As I see it Bitcoin represents the idea and the use of the Blockchain technology.
This technology is a huge thing and with or without the Bitcoin it will be a huge part of the future of tech.
Not only transactions but many other uses for this technology.
The Bitcoin is just a symbol of this technology.

The blockchain technology is new to the people and it is very great if the world can use it for good purposes. However, it is very hard for bitcoin or some other altcoins can be used worldwide and replace other types of currency. The new technology will be used along with paper money and both bitcoin and FIAT will still exist in the futre

[Barbut]

You can't fight with a world, all comes down to making profit in the end, that is why we get up in the morning and go to work, that's why we are doing so many things, bitcoin is not much different.
Yes Satoshi created something good, something   revolutionary, but where are the first people behind him? Do you think he is the first guy with great ideas? You should mention who is making this fees high? Why transactions are slow? Who is making fortune on this fluctuations, you need to answer on this question, who is the driver in this train!?

[olubams]

Your argument is right and it shows that you took time to read the white paper but I don't believe the objective of Satoshi has been defeated because bitcoin will not just overtake banks all of a sudden but a process and that process is what is being going through now and that is why it seems defeated and by the time the population has grown to make that change, I am sure less value would be generated using it as a digital asset or otherwise.

[radjie]

Yes it is true that wanted satoshi with this digital money in order to facilitate to transact, But there is no harm too if bitcoin serve as an investment asset because this is a technological development made by someone so it can facilitate how to invest through the internet.
I think the role of satoshi here is only people who create the existence of bitcoin or digital money, But bitcoin can be like until now it is not done by satoshi but by the developers of technology so much to invite the investors who enter into it.

[RodeoX]

I agree with your basic premise, but there is also the idea that we are not going to tell each other what to do with our money. That is the hard part about freedom. Freedom is not when you get to do what you want. It is when you are willing to allow others to do what you don't want them to do.

[25hashcoin]

Bitcoin would easily be over $10k if it weren't for toxic Blockstream and their Segwit poison.

[Gameroid]

Money makes the world go round, don't forget that. It's true that maybe at the begininig Bitcoin has engaged and gathered a lot of enthusiasts and visionaires but with time a lot of different people was attracted to Bitcoin with main purpose to get their share of profit and opportunity to make some money.
And I don't think this should necessary be wrong thought some would like to see more idealists.

it's good to see a lot of people get interested in bitcoin , but when the majority bitcoin user have a purpose to make it as a digital asset then the main purpose of bitcoin invention as a payment processor could get disappeared slowly. always needed to remind people about this , greedy sometimes make people forgot about the beautiful bitcoin purpose for the better financial world.

yes that is right.  there is no doubt that the popularity of bitcoin increasing from time to time but in fact they do not have all the facilities that we are expecting from  bitcoin. and which are available to us in fiat,  and that is the reason that most of the people are using bitcoin for trading and investment purposes, and not using it as currency, but in future we can expect that in future people will be using bitcoin as currency for purchasing everything they want.

[Boseda]

I agree with your basic premise, but there is also the idea that we are not going to tell each other what to do with our money. That is the hard part about freedom. Freedom is not when you get to do what you want. It is when you are willing to allow others to do what you don't want them to do.

Yes, your opinion about freedom is true.

But I think you didn't understand my OP very well.
I didn't say people cannot use Bitcoin for whatever they want... it's their money and in my opinion they are free to use it how they prefer, even in ways I don't like (for example buying drugs, etc.)

Yet the fact is that most people consider Bitcoin not a payment system, but rather a digital asset.
This is the point. There's a sort of misconception about Bitcoin, in my opinion...

[franky1]

I agree with your basic premise, but there is also the idea that we are not going to tell each other what to do with our money. That is the hard part about freedom. Freedom is not when you get to do what you want. It is when you are willing to allow others to do what you don't want them to do.

rodeox its not about telling people what they can do or not do with their money... its about waking people up to the fact that while some people are only looking at the price.. devs are screwing with the code and reducing what people can do with their money.

im sure you will see this when you visit africa and realise that trying to convince africans to use bitcoin is alot harder than trying to convince the icelandics

[haroldtee]

OP! Satoshi may have had that idea in the past but unfortunately, it blew more than he expected. If he just wanted a peer to peer thingy, he wouldn't have done it in such a way that bitcoin will keep increasing in value as a result of law of supply and demand or the transaction fee will increase hugely to this level. Unless you don't just want anyone to use bitcoin again. What is done is done! You can't expect people not to think of bitcoin as an asset when that is exactly what bitcoin has helped them to achieve. You bought bitcoin 2010 and you have a coin worth $2k plus today, what will you call that?
Like I said, Satoshi may have had a different idea, but he is nowhere to tell us what's up now and we are stucked with the system as it is. Maybe he is even somewhere on the carribean now enjoying himself with what he has. Whichever way, thanks to him for the great innovation.