Bitcoin Is Really Meant as a Peer to Peer System

[kucritt]

maybe it yes, bitcoin will created for all people that want to peer 2 peer system, as we know there are many things in blockchain and bitcoin that work peer to peer. the real thing will not happen right now, but i think in the future we will see about this

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[hxtop]

In ideal form p2p, there shouldn't be an intermediate for a transaction or payment process but it is impossible to achieve. By saying p2p, people mean that this intermediate's fee rate has to be less enough to be ignored and the intermediate's control on the system should only be enough to make the process or transaction. For example, the intermediate shouldn't know persons' identity and keep assets on its own internal system.

[izanagi narukami]

Every people have their own choice to decide whenever they want to do what kind of transaction they want to.

For me, I just want use bitcoin as investment purpose, of course every people have different way to do but IMO, it's the trully way of cryptocurrency being created !

[Matthewmorris4]

Thoughts everyone. In general we really should be focusing and promoting the original vision of Bitcoin and Crypto as a Peer to Peer system. Vs as a means to invest in to get more FIAT. The Fiat system is a failure, so why should be keep feeding the bear.

Don't you all want to get your economy back and become more independent from central control.

Why or why not you want this to happen? thoughts.

So this way, I think every system will still have weaknesses, however, as well as this P2P, you say P2P systems are only to be invested so that they can produce more FIAT, then disfigure the FIAT system. maybe what you mean is you want a system that monopolizes the economy in other systems.
I dont think that your goal will be right on target.

[tenakha]

It will be better for terms of economics but is humanity ready for this? If there will an election about BTC acceptance, make sure 90% will not want to accept it. Because most people do not even know what is going on with money system. Suddenly we should not expect the transition to digital money.

[S_Therapist]

Bitcoin was created as currency, so actually we need to focus on the real intention of bitcoin, but it's not an easy task, to make bitcoin into a successful currency we need the government permit, and because bitcoin is not too popular as currency its a bit hard to make people focus, people prefer to make bitcoin as store of value

If you are allowed by the govt, mostly they will have an access to your fund. Therefore, it's not decentralized. Isn't crypto's one of the purpose is to ensure decentralization in currency/payment system?

[Kakmakr]

The Satoshi vision for Bitcoin was for it to function as a alternative P2P payment network, as stated in the Bitcoin White paper. Satoshi realized that centralized payment networks and even government reserve currencies was highly ineffective in a changing global financial system and that most of these centralized payment options was corrupted and exploiting people.

Satoshi then developed this software to function as a alternative option, if people wanted to break away from these systems. Now, most people are not using it as a payment option, but rather as a speculative commodity. 

[CryptoBry]

That is actually the ideal situation that all should be looking forward to but then we can not deny that this is not yet happening at least on the massive scale and in fact there is no guarantee that this is going to be the prevailing scenario in the near-term and even long-term basis as there are many impedimenta and factors that have to be considered first. We can not get away the control of the state just with the kind of money or medium of exchange we are using...no it can take more than that. Maybe decades from now this can be a big reality but not for now...and this is why many people are craving for institutional money to come to prop up the price of Bitcoin and the whole cryptocurrency market.

[mich]

It will be better for terms of economics but is humanity ready for this? If there will an election about BTC acceptance, make sure 90% will not want to accept it. Because most people do not even know what is going on with money system. Suddenly we should not expect the transition to digital money.

I agree with this statement.
I dont think the majority of humans on this planet can grasp this concept of BTC, let alone a total transformation to digital money.
It will need to become much more widely accepted before it can be viewed as anything other than a P2P at this point.

[finzyoj]

Thoughts everyone. In general we really should be focusing and promoting the original vision of Bitcoin and Crypto as a Peer to Peer system. Vs as a means to invest in to get more FIAT. The Fiat system is a failure, so why should be keep feeding the bear.

Yup! That's right but sad to say there are so many hindrances for btc to be used on Peer to Peer transactions, main examples of these are the  oppositions such as the private and national banks, the ones who hate the concept and can see loopholes on it and the lack of interest of fellowmen. So, even how hard we advertise crypto it will be still hard to achieve the mass adoption if these problems will not get a solution.

However, I can say that the growth of crypto community looks fine. Different blockchains are already used for various industries, new investors are coming, top crypto such as btc, eth and ltc got more popular; I know that we're way too far to crypto revolution but at least we are making progress and that's already a thing you can be proud of.

[Keeping Up]

Thoughts everyone. In general we really should be focusing and promoting the original vision of Bitcoin and Crypto as a Peer to Peer system. Vs as a means to invest in to get more FIAT. The Fiat system is a failure, so why should be keep feeding the bear.

Don't you all want to get your economy back and become more independent from central control.

Why or why not you want this to happen? thoughts.

i also agree that bitcoin and any other cryptocurrency must be used as a P2P system rather than what we are having right now.
but we also cant deny the fact that as of today a P2P system will be hard to initiate since there is still a lot of people who sees cryptocurrency as a means of investment rather than a form of currency.
therefore we still cant stop them from converting it to fiat in order to be useful for them.

[LogitechMouse]

Thoughts everyone. In general we really should be focusing and promoting the original vision of Bitcoin and Crypto as a Peer to Peer system. Vs as a means to invest in to get more FIAT. The Fiat system is a failure, so why should be keep feeding the bear.

Don't you all want to get your economy back and become more independent from central control.

Why or why not you want this to happen? thoughts.

I don't want to say that the current monetary system is a failure at this moment because aside from its negatives, it gave also some positives to humanity. Now that a new monetary system has been created, it will take time for the people to use this system. Its complex and there are some establishments that need to eradicate in order for this system to be implemented world wide.

Well, Bitcoin has been created for a peer to peer system. It has been created so that these third party establishments will be remove.