Satoshi and Bitcoin - Thoughts and Goals? (+Poll)

[gentlemand]

We can only wait and see how the topic with PayPal is going to develop...

There aren't many ways it can develop. Paypal either keep users in their walled garden while the rest of the world gets on with things completely unimpeded, or they open it up to the real deal.

The only potential threat is them controlling a vast number of customer coins. They can't influence mining or development. A global company stealing, sequestering or losing everyone's coins is not a normal occurrence either.

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[SiNeReiNZzz]

There aren't many ways it can develop. Paypal either keep users in their walled garden while the rest of the world gets on with things completely unimpeded, or they open it up to the real deal.

The only potential threat is them controlling a vast number of customer coins. They can't influence mining or development. A global company stealing, sequestering or losing everyone's coins is not a normal occurrence either.

One other bad thing is that, according to the current state, no user should ever be able to pay out even 1 Satoshi.
Because PayPal considers its users too stupid to be able to handle their private keys safely...
Just as you can not deposit Bitcoin etc.

[gentlemand]

One other bad thing is that, according to the current state, no user should ever be able to pay out even 1 Satoshi.
Because PayPal considers its users too stupid to be able to handle their private keys safely...
Just as you can not deposit Bitcoin etc.

Yes. The bad stuff, in the way it is currently set up, affects Paypal's own customers, not Bitcoin itself.

I can imagine many Paypal users will have the same trajectory. They'll buy it on there, learn more about it, realise they are now trapped and then either attempt to escape or quit in disgust.

[Lordhermes]

The goal, of course, about all people own and use Bitcoin as money. What else?

This just remind me of a question someone asked in the past (really can't remember the user) whether bitcoin is a money or a currency, many had said bitcoin is a digital currency which cannot be touched differentiating it with fiat currency, and many had said it's a money because you use it for shopping and paying bills, recharging airtime , and even using it to gamble casinos, so what exactly is bitcoin, a currency or money.?

[mu_enrico]

The previous discussion here:

Perhaps it cannot become a currency, but it certainly can become useful money.

Currency is a subset of money.
My point was about currency as a legal tender, i.e., fiat currencies.

To become a (real) currency, Bitcoin needs to handle everyday transactions, and it seems pretty far away from now. Plus, Bitcoin doesn't have to be mandated (FIAT) so that people will use it.

[Findingnemo]

The previous discussion here:

Perhaps it cannot become a currency, but it certainly can become useful money.

Currency is a subset of money.
My point was about currency as a legal tender, i.e., fiat currencies.

To become a (real) currency, Bitcoin needs to handle everyday transactions, and it seems pretty far away from now. Plus, Bitcoin doesn't have to be mandated (FIAT) so that people will use it.

Since we are under the control of governments then chance of bitcoin and any decentralized currency can become a legal tender in any nation.But people may use bitcoin for buying things if they found it is more beneficial to do compared to fiat money payments.

About the transaction time, I agree with that because bitcoin may not be able to handle huge number of transactions at a same time because the transaction fee will be pushed to inconvenient rates.

[BTCappu]

I can imagine many Paypal users will have the same trajectory. They'll buy it on there, learn more about it, realise they are now trapped and then either attempt to escape or quit in disgust.

No one is going to force you to make use of PayPal, you already have other wallets to make use of, although I know that many people will choose PayPal because it’s accepted on many places online and some people here have always wanted a means to pay with Bitcoin for online shopping platform amazon and with PayPal coming to Bitcoin it’s going to be providing that opportunity for the people that has been in need of it, they will all be able to spend their coins whenever and wherever they want.

But it’s not a must, if their services doesn’t work for you, best to stay out.

[Kong Hey Pakboy]

I can imagine many Paypal users will have the same trajectory. They'll buy it on there, learn more about it, realise they are now trapped and then either attempt to escape or quit in disgust.

No one is going to force you to make use of PayPal, you already have other wallets to make use of, although I know that many people will choose PayPal because it’s accepted on many places online and some people here have always wanted a means to pay with Bitcoin for online shopping platform amazon and with PayPal coming to Bitcoin it’s going to be providing that opportunity for the people that has been in need of it, they will all be able to spend their coins whenever and wherever they want.

But it’s not a must, if their services doesn’t work for you, best to stay out.

Indeed. No one would be forcing you to use PayPal to buy or sell bitcoin with its network because there are other ways for you to use bitcoins. The only reason why some people will use PayPal because it is accepted worldwide and it will be convenient for others to shop online with their bitcoins. But I truly don't recommend using PayPal to store your funds or bitcoins because they are a custodial wallet, which means you don't have a financial freedom with your funds. I also encounter problems making transactions with PayPal, and they didn't make any actions about it even I message them.

[Silberman]

I am not really against long texts OP but you need to learn how to summarize your thoughts, it seems you basically blame the current capitalist system for the problems of the world and somehow you think bitcoin can solve them, but I disagree, bitcoin has a capitalist spirit, capitalism is about producing and keep what you have produced for yourself and your own benefit and this is true in bitcoin, bitcoin will not solve the problems of the world like hunger or anything else resembling that, those problems have always been with us and if anything capitalism has helped to alleviate the problem somehow, and even if it has its problems the other systems are way worse and generate way more problems than what hey solve.

[sana54210]

Just as I imagined, most people came into bitcoin world around 2017, that is something I have always assumed but I never really had any data, obviously I still don't and it is just a bitcointalk topic and no idea what the reality is, however looking at the past and current situation I could say that 2017 peak times or a bit before or late would probably be the time biggest chunk of crypto people came into the system.

This tells me I have been around for far too long and should have been doing much better right now, I came in around late 2012 early 2013 so I don't know why I still do not have anything. I did had a combined 45 bitcoin in my account so far, but 90% of that came in when price didn't mean anything and that makes me feel upset that I didn't hold any of them at all.

[Nhebu]

Just as I imagined, most people came into bitcoin world around 2017, that is something I have always assumed but I never really had any data, obviously I still don't and it is just a bitcointalk topic and no idea what the reality is, however looking at the past and current situation I could say that 2017 peak times or a bit before or late would probably be the time biggest chunk of crypto people came into the system.

This tells me I have been around for far too long and should have been doing much better right now, I came in around late 2012 early 2013 so I don't know why I still do not have anything. I did had a combined 45 bitcoin in my account so far, but 90% of that came in when price didn't mean anything and that makes me feel upset that I didn't hold any of them at all.

It sad to know the story of yours. You can become millionaire bro because you are legendary member. You may earn a lot of bitcoin in this forum. Just be patient and wait for your time. We have our own sunshines because no matter how unlucky we are, there are times that opportunities will open to us. Atleast, the good thing you have is you know bitcoin much than others. Bitcoin is not only a currency. It serves as a way to become rich.

[Twinkledoe]

Just as I imagined, most people came into bitcoin world around 2017, that is something I have always assumed but I never really had any data, obviously I still don't and it is just a bitcointalk topic and no idea what the reality is, however looking at the past and current situation I could say that 2017 peak times or a bit before or late would probably be the time biggest chunk of crypto people came into the system.

This tells me I have been around for far too long and should have been doing much better right now, I came in around late 2012 early 2013 so I don't know why I still do not have anything. I did had a combined 45 bitcoin in my account so far, but 90% of that came in when price didn't mean anything and that makes me feel upset that I didn't hold any of them at all.

It sad to know the story of yours. You can become millionaire bro because you are legendary member. You may earn a lot of bitcoin in this forum. Just be patient and wait for your time. We have our own sunshines because no matter how unlucky we are, there are times that opportunities will open to us. Atleast, the good thing you have is you know bitcoin much than others. Bitcoin is not only a currency. It serves as a way to become rich.

As I came to know bitcoin about 2015, I got some few bitcoins also at that time but sold also. Anyway, no regrets as I needed the money at that time and also bought that at lower price. Of course, I didn't know that btc will go as high as about 20k at the end of 2017. But was also not a member of this forum yet. And I'm just glad that I know bitcoin and learned this technology and that actually help me in some way to augment my financial needs today. So thanks to Satoshi!  

[shoreno]

As I came to know bitcoin about 2015, I got some few bitcoins also at that time but sold also. Anyway, no regrets as I needed the money at that time and also bought that at lower price. Of course, I didn't know that btc will go as high as about 20k at the end of 2017. But was also not a member of this forum yet. And I'm just glad that I know bitcoin and learned this technology and that actually help me in some way to augment my financial needs today. So thanks to Satoshi!  

I think we have the same date to discover btc at first but unlike you I never got involved of investing or working to earn a btc but I am only reading it's background that time . On what price did you buy your btc ? Btc price that time was around 300 usd and that is already huge for just a crypto that aren't yet popular enough  . You can only regret if you sell at a loss and you didn't end up using the money at a good cause  . You sold your btc before but after knowing that btc have a potential to pump that high did you buy btc again ? You can still make it

[iamsheikhadil]

Same here! In 2014 I found Bitcoin through an article in a finance news channel, and then I found localbitcoins where I bought my first Bitcoin! Prices were so so lower back then! I wish I hold my btc as I never knew that within three years, Bitcoin will go so high!!! But I think it's still not too late to invest in it, I'm sure it will go above a lot by end of the next decade!

[verita1]

Thanks for your post. I understand that your idea is to share with us that we remember the philosophy because Bitcoin was created under the premise that it works as a decentralized financial system.
It is true that many shitcoins abound in the market that we must be cautious when investing. It is sad that even in this decade there is so much poverty and inequality. While in the world rich men become richer and their wealth predominates in the balance before the inequality of the poor.
We will be attentive to what comes out of PayPal now accepting Bitcoin if it will be a success or will be surpassed by other products.

[AmoreJaz]

Thanks for your post. I understand that your idea is to share with us that we remember the philosophy because Bitcoin was created under the premise that it works as a decentralized financial system.
It is true that many shitcoins abound in the market that we must be cautious when investing. It is sad that even in this decade there is so much poverty and inequality. While in the world rich men become richer and their wealth predominates in the balance before the inequality of the poor.
We will be attentive to what comes out of PayPal now accepting Bitcoin if it will be a success or will be surpassed by other products.

we cant do anything about it just focus on yourself and dont compare yourself to others. will not do any good on your part.
those crap coins also existed before but not as many as now. because right now, a lot are just copying someone else's work even the website is exact copy. only those fools will send their money to these crap projects. just look at how defi platform is performing in the market. they are enjoying their expensive prices but when you look at their foundation or if they have working platform, nope! nothing! so their fall is very imminent.

[bitgolden]

Philosophy of bitcoin is something that is long forgotten and that upsets me a lot more than the price of bitcoin as well. People do not realize that satoshi created bitcoin not so that you could get rich, but because he realized that bitcoin could be the answer to not having to work for money that was controlled by someone else.

Fiat currency is controlled by two or three main characters and that is about it, the politicians are the leading ones that control it, the federal banks are the ones that control it with them and lastly if you want to include it financial companies are the next ones but this last one applies in some nations while not on others. With crypto you would have a say in it as a person, president of a nation can't change the 21 million max cap on bitcoin and neither can you, everyone is equal to blockchain and that is why it was created.

[Silberman]

Just as I imagined, most people came into bitcoin world around 2017, that is something I have always assumed but I never really had any data, obviously I still don't and it is just a bitcointalk topic and no idea what the reality is, however looking at the past and current situation I could say that 2017 peak times or a bit before or late would probably be the time biggest chunk of crypto people came into the system.

This tells me I have been around for far too long and should have been doing much better right now, I came in around late 2012 early 2013 so I don't know why I still do not have anything. I did had a combined 45 bitcoin in my account so far, but 90% of that came in when price didn't mean anything and that makes me feel upset that I didn't hold any of them at all.

While without a doubt 45 BTC is a huge amount of money now it was impossible to know the price of bitcoin will move so quickly, lets take a look at what happened in 2017, when the price hit the 2k level many people sold their coins thinking a crash was inevitable and yet the price kept rising and we reached 10x that amount, so there is not too much of a point lamenting the opportunities you may have lost, what it is important now is to figure out if there is something you can do to improve your future, believe me you could think you are in a bad shape but you are here in this forum and you know more about cryptocurrencies than 99% of the population of the world so you still have a lot of room to increase the number of coins you are holding until the next bull run comes.

[SiNeReiNZzz]

BUMP!