Bitcoin - Revolution or Evolution ?

[FlightyPouch]

Bitcoin have proven it worth and had solved many issue,
from serving of main purpose of creation:
Payments without a third party involvement, as such it is to the holder what they feel it is.

For me, it is still early. Even though it is more than a decade, people are not seeing its worth and not really serving its purpose since it is treated as an asset right now and not an electronic cash that ia fully peer to peer. People are holding it for the sake of manipulating the price to go higher.

I don't even think that most people are using it as a payment but they use it since it has a value.

[MrMojoRising26]

it is both

[Kakmakr]

Bitcoin have proven it worth and had solved many issue,
from serving of main purpose of creation:
Payments without a third party involvement, as such it is to the holder what they feel it is.

For me, it is still early. Even though it is more than a decade, people are not seeing its worth and not really serving its purpose since it is treated as an asset right now and not an electronic cash that ia fully peer to peer. People are holding it for the sake of manipulating the price to go higher.

I don't even think that most people are using it as a payment but they use it since it has a value.

That is exactly what I am saying .... people use it as a Commodity and not as a Currency and that is not what it was developed for. People saying that they are OK with that, does not understand the implications of that, because the whole reward system and also incentive for the miners to continue mining, is built around the transactions that has to occur. They should understand that the Block reward is halved every 4 years and at one stage miners fees must replace the Block reward as a incentive to mine.

If everyone use Bitcoin as a Commodity and people start hoarding coins and only doing transactions on Exchange databases, the miners will stop mining. It has to be profitable for them to mine and with very low transaction volumes, comes lower miners fees. 

We are not discussing Bitcoins use case now, rather the evolution from a revolutionary technology with huge disruptive opportunities, to a technology that conform to other Fiat currencies. 

[Wenbing]

Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it?    

Bitcoin is what its users choose it to be.

The majority of people don't care about its principles or don't understand them. Luckily there are enough people who keep those qualities alive because one day they might be vital.

People usually attempt to bend something new to fit in with what they're comfortable with already. It takes quite some time to get beyond that and let the underlying innovations flourish.

It's far too early to decide whether it's compromised or on its way. These have all been phases we're passing through.

That is the fact. just as we have in growth theory, there about 5-6 stages of growth. I believe that also apply to the growth in technology. It will take decades for us to understands if the bitcoin invention is actually revolutionary or not. But, the bitcoin value proposition snad ideologies are very strong game changers in the world of finance.

[pixie85]

Some say it has already been hijacked by governments and banks and there could be some truth in it because we all know that JP Morgan was buying Bitcoin years ago while publicly cutting itself from it.

For me it's both. A revolution in the way people understand money and private property and an evolution in payments.

[Rengga Jati]

At first, I also consider that Bitcoin is a revolution of the currency so far used by the world.
As we know, as in the whitepaper of BTC is

A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.

From this, the aim of the BTC is for a digital currency to be used as the currency, but it is digitally. It will act like cash as usual.

however, BTC is a decentralized system and it cannot be regulated, controlled, and also stated. The price of the BTC is very volatile and it depends on the market itself. The volatility of the BTC is the one that makes this digital currency is quite difficult to be used or considered as a payment method so far. Moreover, it is decentralized. That is why, it seems to be evolutional currency because the market and price of the BTC is still not mature enough, volatile, and also cannot be a benchmark.

[Shasha80]

In my opinion Bitcoin revolution because it managed to make a breakthrough in the world of finance and economy, and make people change
their perspective. And this surprised many parties, especially the government and banks who were not ready to accept the presence of Bitcoin.
Why so many people began to support Bitcoin and the popularity of Bitcoin is also increasing, because of the decentralized Bitcoin that gives
freedom to control their own finances without third party interference. That is what most people want.

[Lorence.xD]

In my opinion Bitcoin revolution because it managed to make a breakthrough in the world of finance and economy, and make people change
their perspective. And this surprised many parties, especially the government and banks who were not ready to accept the presence of Bitcoin.
Why so many people began to support Bitcoin and the popularity of Bitcoin is also increasing, because of the decentralized Bitcoin that gives
freedom to control their own finances without third party interference. That is what most people want.

The breakthrough in my opinion is not something that any conventional financial institution should ever brush off, this left a remarkable dent in the industry because this is the first time that a financial paradigm is working in favor of the people, this in my opinion is still an ongoing revolution that seeks to change the way we think of financial freedom and privacy.

[Savemore]

In my opinion Bitcoin revolution because it managed to make a breakthrough in the world of finance and economy, and make people change
their perspective. And this surprised many parties, especially the government and banks who were not ready to accept the presence of Bitcoin.
Why so many people began to support Bitcoin and the popularity of Bitcoin is also increasing, because of the decentralized Bitcoin that gives
freedom to control their own finances without third party interference. That is what most people want.

The unique features of the bitcoin is the reason why it became so popular, a lot of major institutions and influencer are now starting to adopt it because of it decentralized characteristics.
As time passing by, people around the world began to understand and accept bitcoin as currency. The current payment system is starting to improve because of the bitcoin and other cryptocurrencies

[Negotiation]

Bitcoin is a technology it is a currency and it is a forex network and exchange that has been completely distorted Bitcoin is decentralized and it is not under anyone's control.

It doesn’t depend on banks it doesn’t depend on governments and we’ve never done this before in the history of humanity This discovery is truly revolutionary and when we look back at this moment we will see that the evolution of computer science will be a historic moment but a social and political revolution in making.

[Kakmakr]

Bitcoin is a technology it is a currency and it is a forex network and exchange that has been completely distorted Bitcoin is decentralized and it is not under anyone's control.

It doesn’t depend on banks it doesn’t depend on governments and we’ve never done this before in the history of humanity This discovery is truly revolutionary and when we look back at this moment we will see that the evolution of computer science will be a historic moment but a social and political revolution in making.

You 100% sure it is not controlled? Every time you use a regulated exchange and you give them all your private data (ID / Bank statements / Proof of adress) your pseudo anonymity is destroyed. Every time you buy something and you pay through a Payment processor, you provide them with massive amounts of data about yourself. (What you bought / Your delivery address / Your personal information)

Companies like Chainalysis & Elliptic makes it their business to use this data for the tracking and tracing payment-flows and can map extensive charts with your detailed use history of the Bitcoin Blockchain. (This information is probably passed on to governments or accessible without a subpoena)

[Lucius]

Some of the largest countries battled with the concept and they were very hostile towards the Bitcoiners out there. (That includes Rusia / India / China / Vietnam / Bolivia / Columbia and Ecuador. 

Russia, India and China are still quite hostile countries when it comes to Bitcoin as a currency, but China is quite friendly when it comes to mining. I would not classify other countries as significant countries in any economic sense, or in terms of human freedoms - and the regimes that rule there are far from allowing much less human freedom than using something like Bitcoin.

Some countries are still struggling with the idea of Bitcoin, while others such as Japan, Germany or Switzerland go the other way and show by their example that it is possible to integrate Bitcoin into existing systems. But what we can see from the examples of these countries is that no major boom has taken place after regulation, which is perhaps expected given the standard of living that exists in these countries.

In other words Bitcoin has caused much greater interest in countries where the standard of living is low, where the level of corruption is extremely large and where people are looking for any straw to survive.

[davis196]

Did Bitcoin just evolve to satisfy the masses or was the whole project hijacked by the Puppet masters from the traditional Fiat system to stop the revolution and the inevitable change of money as we know it?

Who are the "puppet masters of the fiat system" that "hijacked" Bitcoin?Can you name a few?
I think that Bitcoin wasn't hijacked by anyone.Rover Ver and Craig Wright tried to hijack Bitcoin,but failed miserably,so they hardforked Bitcoin and created BCH/BSV.
During the last few years,Bitcoin turned more into a speculation investment asset,which isn't necessarily a bad thing.The core concept Bitcoin hasn't been changed by anyone,so Bitcoin can still be used for funding projects like Wikileaks.
If you ask me,evolution is a better process than revolution.All the revolutions usually end badly.

[Wexnident]

Who are the "puppet masters of the fiat system" that "hijacked" Bitcoin?Can you name a few?
I think that Bitcoin wasn't hijacked by anyone.Rover Ver and Craig Wright tried to hijack Bitcoin,but failed miserably,so they hardforked Bitcoin and created BCH/BSV.
During the last few years,Bitcoin turned more into a speculation investment asset,which isn't necessarily a bad thing.The core concept Bitcoin hasn't been changed by anyone,so Bitcoin can still be used for funding projects like Wikileaks.
If you ask me,evolution is a better process than revolution.All the revolutions usually end badly.

Even if revolutions do end up badly, it's a matter of necessity. Revolutions only occur if something oppressed can't really handle it anymore, that they bounce back with all their power to try and change something for the better. Evolving, on the other hand, can simply be called adaptation. Still, it is to each their own I suppose. It's not a matter of what you think Bitcoin is at this point, but rather what would Bitcoin be due to us, which is right now, a speculative asset instead of a currency.

Still, I hope for the best right now, with Bitcoin's current state as a temporary stage for its final evolution. Yes, it's quite disappointing right now since its current state of a speculative asset is contrary to what it is supposed to be, but I suppose we haven't really seen the end of it actually evolving, so I suppose we can still hope for the best?

[Argoo]

Now we can already say that blockchain technology has a revolutionary impact on the economy of almost all the states that have turned their attention to it. This technology has dramatically increased the possibilities of its use in almost all areas of human activity.
In relation to cryptocurrency, it is still difficult to say for sure. World states note the still weak influence of cryptocurrency on the global financial system. Whether the emergence of bitcoin and another decentralized cryptocurrency is a revolution, it will be possible to conclude much later. Perhaps even in 30 -50 years.

[online73]

Hello to all. My humble opinion is that Bitcoin is most likely an evolution. A computer entered our life, digital media appeared - it is not surprising that along with the entire digitalization of the planet, digital currency also appeared. You can definitely say about some revolution in the field of finance - but these are only prerequisites.

[verita1]

At first, Bitcoin was a revolution that stimulated the growth of the crypto market that we know. I could also say that due to the time that Bitcoin has since its inception it has evolved because it has remained leading as the best known crypto asset.
We must take advantage of Bitcoin to build the future of finance.
Honestly despite volatility I feel safe than any other crypto.

[int03h]

Bitcoin was created during the world economic crisis of 2008. Does anyone understand what it means? It is truly a revolution against the banking system. Every recession in the world, America is partly acquired by banks. It's not fair, they don't have the right to do that.
Bitcoin was created to resist the manipulation of banks and money transfer services.
Arguably as an economic revolution, Bitcoin changed the way people think about value.
Despite the ban on governments around the world, Bitcoin will continue to grow and be used more and more.