There's something Satoshi didn't think of.

[DoublerHunter]

Everything in our life, works in cyclic manner; one triggers other and the last one triggers again the first one. Dependency. One simple example, how gold gets its value or trees are causing more rain and rain supports growth of trees.

^ Definitely right, Satoshi has thought of this and informed us about the mining difficulty back then. There might some miners who will end or stop mining but rest assure there will still be miners who can afford mining despite the cost for the price will definitely go up. For 2136 definitely I am no longer alive by then but we cannot predict what will happen in the future either bitcoin will survive or bitcoin will fail which I really hope not and for now what I am holding on is that I can see progress in global acceptance for bitcoin.

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[Sanugarid]

Everything in our life, works in cyclic manner; one triggers other and the last one triggers again the first one. Dependency. One simple example, how gold gets its value or trees are causing more rain and rain supports growth of trees.

^ Definitely right, Satoshi has thought of this and informed us about the mining difficulty back then. There might some miners who will end or stop mining but rest assure there will still be miners who can afford mining despite the cost for the price will definitely go up. For 2136 definitely I am no longer alive by then but we cannot predict what will happen in the future either bitcoin will survive or bitcoin will fail which I really hope not and for now what I am holding on is that I can see progress in global acceptance for bitcoin.

If we take consideration of what is only available during satoshi's time on creating the bitcoin, there will be things that he might not be predicted, he might be thinking that bitcoin will just be for rich people by now, well it's not because of the smartphone that we have. We are all dead by the time that the last bitcoin block will be mined, we are even in edge of mass extinction now because of the virus lol.

[BlackHatCoiner]

If we take consideration of what is only available during satoshi's time on creating the bitcoin, there will be things that he might not be predicted, he might be thinking that bitcoin will just be for rich people by now, well it's not because of the smartphone that we have. We are all dead by the time that the last bitcoin block will be mined, we are even in edge of mass extinction now because of the virus lol.

Just a correction. There will be no last block. At least it won't be likely to happen in the next century. You mean the last non-zero reward.

Yes I do agree that Satoshi hadn't thought of this massive use by people.

[barbiecover]

Imagine that in some years only ~50 bitcoins will be bornt every day. Miners will not afford mining cost EXCEPT if bitcoin price will rise above 50.000$

2009, 50 coins per block and it costed nothing
today 6.25 and it costs 9k per coin

imo miner of future will be happy even after 50 coins per day

[XCANA]

He satoshi never created the said bitcoin to be a currency rather to be a method of payment digitally. This has been spotted out recently when the issue of "purpose of Bitcoin came into play". The world or the community of Bitcoin has turned through speculation to make the bitcoin a currency instead of it to be payment method as it was created. Bitcoin is an investment platform and a payment method and not as a currency as many have been speculated.

[bitbunnny]

Even Satoshi couldn't predict everything about Bitcoin. He had idea and vision about Bitcoin, what he would like to achieve but on the other hand full development and which way the Bitcoin users will think he couldn't know.
Also, I beleive that in his best prediction he couldn't guess that Bitcoin will achieve that much and that so many people will actually embrace it. As well as no one of us can't tell how far Bitcoin will go in five years or so.

[romeojasmin13]

Satoshi couldn't think of all aspects of Bitcoin's future and he had no intention to create Bitcoin for replacing all form of money. Bitcoin scarcity makes it worthy, so miners are interested in it and won't leave one day. No one can't guess what happens in a century. It's too early to draw any conclusions about the future of system after the last block will be mined.

[j2002ba2]

Recently we had our 3rd halving, cutting the bitcoins per block to 6.25

If price goes up, there will be good and bad things too. I think bad things will be more. I don't know what happened in the previous halving but surely due to demand and supply many sold their bitcoins and many miners sold/got rid of their equipment.

Imagine that in some years only ~50 bitcoins will be bornt every day. Miners will not afford mining cost EXCEPT if bitcoin price will rise above 50.000$

Miners collect also fees. Today they collected ~120BTC in fees.

[Velkro]

I'm fairly certain that Satoshi has considered this. This is why the mining difficulty exists. Some miners shut down their machines, mining difficulty will drop, hence more opportunities for other miners.

As long as there's profit to be made, there will be miners.

Exactly this. It was predicted and protections are in place since begining.
Difficulty will adjust to mining power and mining power will adjust to profitability.
So its closed circle, no loop-holes there to take advantage of.

[gundala]

We can all agree that Satoshi wanted to create the coin that will replace banks and their trust abuse. If he wanted to create the perfect coin, he might have failed.
~

No, I don't agree with this. I have never read that BTC was made to replace a bank, no. Even though BTC has better technology and systems, there are a number of points related to legality and security guaranteed by the government making banks quite "safe". BTC can be a good payment alternative, many are adopting BTC now, but they cannot match the existence of fiat and e-money. Most people also prefer to use it as an investment tool and commodity trading, it is more effective than wasting it as a means of payment that we can still do well using fiat.

[yazher]

Bitcoin has become an investment at first when it first created. then after the pizza thing happened, it became coins that will lead to the means of payment whoever wants to implement it in their stores. take a look at what happened, you can see that bitcoin became one of the top currency of the world and used by many big companies as a means of payment and they don't really care if the price will change like roller coaster they still accepting it till now. the good thing is, there are many of them who adopt this method as we are posting some replies to this thread.

[hermawan9416]

No one can predict everything. In addition, I think that in the future we will have a new more perfect type of cryptocurrency.

[Ucy]

Is there any coin in the world that people don't invest in? I think big investment in fiat currencies also contribute to their value, so why not Bitcoin also?

I think he did what was feasible in his days. He probably imitated scarce resource like gold to add to the growth of Bitcoin price/value via deflation.
I guess light PoW that spreads rewards amongst many unique participants on multi-purpose devices like laptops within a robust Bitcoin ecosystem would have been better.  There should be reasonable or good amount of control that a decentralized Bitcoin/crypto community should have over its economy to keep it moving as intended. The control shouldn't come from outside the decentralized system especially via centralized systems.

[FanatMonet]

The price of Bitcoin should rise, otherwise mining will become unprofitable, and not needed by the vast majority of those who mine it now. A decrease in the number of miners can again lead to the problem of network congestion, when transactions have to pay huge amounts.

[odolvlobo]

The price of Bitcoin should rise, otherwise mining will become unprofitable, and not needed by the vast majority of those who mine it now. A decrease in the number of miners can again lead to the problem of network congestion, when transactions have to pay huge amounts.

I recommend that you read more and post less. Your beliefs have already been addressed here and have been shown to be wrong or at best unsupported.

[Twinkledoe]

Is there any coin in the world that people don't invest in? I think big investment in fiat currencies also contribute to their value, so why not Bitcoin also?

I think he did what was feasible in his days. He probably imitated scarce resource like gold to add to the growth of Bitcoin price/value via deflation.
I guess light PoW that spreads rewards amongst many unique participants on multi-purpose devices like laptops within a robust Bitcoin ecosystem would have been better.  There should be reasonable or good amount of control that a decentralized Bitcoin/crypto community should have over its economy to keep it moving as intended. The control shouldn't come from outside the decentralized system especially via centralized systems.

Also, even if Satoshi did not think of many things at that time, we should be grateful that he created bitcoin. If not for him, we are not here discussing all the things about crypto and bitcoin, right? That alone will make you grateful to know and learn about the existence of bitcoin.

[Reatim]

No one can predict everything. In addition, I think that in the future we will have a new more perfect type of cryptocurrency.

Nothing is perfect thats the best way to say here,and besides even that there is something Satoshi did not anticipate means we are failure because look how Bitcoin is doing now?

is there anything that we can hate about this crypto if we already knew how this works and what this can help us?
the problem here is people keep on looking about the mistakes and what have not done but don't even bother to say thanks about the accomplishments .

[BlackHatCoiner]

Also, even if Satoshi did not think of many things at that time, we should be grateful that he created bitcoin. If not for him, we are not here discussing all the things about crypto and bitcoin, right? That alone will make you grateful to know and learn about the existence of bitcoin.

Probably, yeah. I don't think anyone would have been interested in hashcash or ever thought of a peer-to-peer electronic cash system.

Bitcoin learnt me that there are things our mind can't catch easily, but still there are people who create them.

[TheGreatPython]

You may be right about what you have said, but I am not going to blame him for that. I guess there are things he never knew then and if he's still around now he would wish that he did know about them. But I don't think that it's late, there's still time for everything to get better.

The devs that are in charge now can still take over and complete the job by correcting the things they think is not right. And moreover, I think he was very much aware that Bitcoin is going to be volatile, so he was sure that people are going to see Bitcoin more as an investment, since there is really nothing backing it up except the trust we have in it.