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Author Topic: Has it occurred? Or still in progress  (Read 387 times)
Silberman
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November 05, 2020, 03:52:05 PM
 #21

Can we say that his work has been done or is still a work in progress .

It's both. Satoshi successfully released and launched the Bitcoin protocol, and it is a peer-to-peer electronic cash, it's just not a widely used one, but it doesn't make it any less decentralized or electronic. Of course there will be always work to do, just like with any other complex software, so in some sense Bitcoin will never be finished, but that's a good thing, because it means that Bitcoin is progressing and adapting.

Some people would say that Bitcoin can only succeed if it's adopted by a lot of people, but I don't agree with that, as long as there's at least some users, then Bitcoin is not useless.
Exactly as long as bitcoin keeps being used by someone around the world then it has an use even if it is a limited one, however it is obvious we are expecting that bitcoin does in fact becomes used all over the world by a great number of people because as we know that not only means that we have a freedom when it comes to our money that we did not had since people used physical gold on their transactions, but this will mean also that the price of bitcoin will have to skyrocket because as we know the amount of bitcoin we have at our disposal is limited and that is never going to change.
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November 05, 2020, 04:35:20 PM
 #22

On the eve of Halloween 31 October 2008 satoshi wrote
"I have been working on a electronic cash system that's fully peer- to -peer ,with no trusted third party."
Can we say that his work has been done or is still a work in progress .
" What has been the development of Bitcoin and improvement since that statement was made till now?
And will Bitcoin (satoshi dream or goal ) be fully accepted in the world as a means of payment?.
It's been decade since it began. A lot of country already adapt bitcoin, but it is not yet fully recognized in each country. It will take more time before it happen, the good thing is, people are already aware about "cryptocurrencies" it is already in different platforms, top searches and many people are using it. Soon it will be recognize as one of the currency of some countries. It is accepted in some establishments anyway, so I think sooner or later it will be.
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November 05, 2020, 05:35:10 PM
 #23

On the eve of Halloween 31 October 2008 satoshi wrote
"I have been working on a electronic cash system that's fully peer- to -peer ,with no trusted third party."
Can we say that his work has been done or is still a work in progress .
" What has been the development of Bitcoin and improvement since that statement was made till now?
And will Bitcoin (satoshi dream or goal ) be fully accepted in the world as a means of payment?.
It's been decade since it began. A lot of country already adapt bitcoin, but it is not yet fully recognized in each country. It will take more time before it happen, the good thing is, people are already aware about "cryptocurrencies" it is already in different platforms, top searches and many people are using it. Soon it will be recognize as one of the currency of some countries. It is accepted in some establishments anyway, so I think sooner or later it will be.

We are already heading there and a decades time is just still young and it would still takes time before everything can be considered to be accepted globally but recently we have seen that
main or big companies are already reconsidering Bitcoin's usage and had been integrated as one of payment options which is great.We do know on whats the true motive on why its
being created in the first place and for sure that Satoshi doesnt even expect that his creation did really make this far in case he had been able to see it as of now.
No one knows if he's still alive and just observing or  had been long time gone but what matter most is that his creation did really progress out.

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November 05, 2020, 07:25:06 PM
 #24

Can we say that his work has been done or is still a work in progress
To my knowledge there is no statement from Satoshi Nakamoto that work has been done, so I believe that a work is still in progress.
After all Bitcoin is open source code, so anyone can make progress.

What has been the development of Bitcoin and improvement since that statement was made till now?
The developments and improvements that have occurred in Bitcoin include having ATM machines, hard forks, Lightning Network and Segwit.

And will Bitcoin (satoshi dream or goal) be fully accepted in the world as a means of payment?
Nobody knows the future of Bitcoin, but I am optimistic that Satoshi's dream will come true that Bitcoin will be accepted worldwide as payment.

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November 06, 2020, 04:21:00 AM
 #25

Not yet done, the development still continues, and worth waiting.
If Satoshi has been said that probably he'll have a reason but I won't think that He will good to say that we are already reaching the final stage. That being hopeless and people will show less interest in this if people know about that.

We're about to neglect that information, Bitcoin will continue to rally as the adoption got strengthen. We'll not hopeless either to think that sooner or later, Bitcoin will be considered as a global currency and we live that possibility.
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November 06, 2020, 05:36:30 AM
 #26

On the eve of Halloween 31 October 2008 satoshi wrote
"I have been working on a electronic cash system that's fully peer- to -peer ,with no trusted third party."
Can we say that his work has been done or is still a work in progress .
" What has been the development of Bitcoin and improvement since that statement was made till now?
And will Bitcoin (satoshi dream or goal ) be fully accepted in the world as a means of payment?.

If is fair to say that the world has come very far in terms of adopting decentalised currency in the last 12 years but we haven't yet reached the point that Satoshi would have dreamed of. We are still slowly seeing adoption by larger institution and other common people and more and more new companies trying to adopt the decentalised way.

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November 06, 2020, 08:57:07 AM
 #27

Adoption is all with time, it's not going to happen overnight. It might not be fully adopted by everyone, because not everyone is interested in what you are interested in, and you can't force them, but as time goes on there will be more people of same interest that will come to start making use of it. And now that PayPal has joined the league of institutions and companies that are backing Bitcoin, we are going to see a surge in the adoption rate since people will now be creating a trading platform for their over 350 million users. Before we were never expecting this news, but it just happened. That's how it is.

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November 06, 2020, 09:10:36 AM
 #28

I could be already occurred, depending on how we use bitcoin and treat it in our lives. Some are actually valuing bitcoin for peer to peer transactions completely without the interaction of any third parties but some are just taking bitcoin for profit because of its volatile high market price.

Though we can say that while it was already providing us the service that it promises, it can still be in progress as development could always happen as part of maintenance, and perhaps, there still a lot of things to improve in the bitcoin network's protocol to make sure that we are transacting more efficiently.
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November 06, 2020, 09:28:10 AM
 #29

For me, It is still in progress, I know that Satoshi still has a plan for cryptocurrency but unfortunately, we don't have any source about him so we cannot say if he is still going to do some other things in bitcoin. cryptocurrency becomes prominent all over the world and by that it has the big possibility that if Satoshi is still there he would do something to make it more better.
No the bitcoin has not fully served its purpose .true its a pear to pear coin with no third party but it is not acknowledged by the world so we can not use it fully on daily basis and bitcoin must became an official coin because its price is determined by the market and goverments can not interfere.
That's true, cryptocurrency is not yet familiar in the whole world, there are still some changes to do with the current system in bitcoin to make it good and popular all over the world.

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November 09, 2020, 05:35:22 PM
 #30

This is the final form of Bitcoin and I don't think that we will have any changes further into the bitcoin. We are in the process of adoption right now and still a lot way to go in terms of it.
I do not know why you think that since the code of bitcoin is always been improved, the moment this stops we can say bitcoin is on his way to die which is why the core devs spend a great deal of time thinking about how they can improve bitcoin, it is a long process and a very delicate one which is why we see this as being too slow but it has be this way, bitcoin has a market cap at the moment of 280 billion dollars, the developers cannot be reckless when it comes to the updates or they could lose the confidence of people and that is simply not acceptable as all forms of money depend to a certain extent on the trust of the people.
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November 10, 2020, 03:37:32 AM
 #31

yes, his job is done.  now the bitcoin market will determine the bitcoin in the future.  and I predict bitcoin in the future will be better.  we see how bitcoin has been going since 2009 until today.  2009 bitcoin is worthless and bitcoin value is very low.  but now everyone is talking about bitcoin.  2017 was the peak of bitcoin at $ 20,000.  it was bitcoin's starting point.  The bitcoin crypto market cycle will exceed its future starting point value.
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November 10, 2020, 04:16:28 AM
 #32

nice trivia i didnt know that bitcoin celebrated its anniversary recently. i know the year where btc start but not its month . its work is done because we already have a btc and we are already been using it for a long time now and the founder already dissapear because if not , all of that wont be possible . whats working in progress is the acceptance . many people already know btc and can be called as btc users but there are still few out there that are not yet unto this movement . the improvement are acceptance , i wouldnt enumerate all because acceptance already covers them . sato or just any creator do have a dream that thier creation will be known to the world .
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November 10, 2020, 04:23:27 AM
 #33

Still work in progress until is fully legalized in all the countries of the world. Many countries are still watching the currency to see if it will close 13 or 20 year before they can believe that is not a scam currency but real decentralized currency which is real for the people of the country to start using it for investment. Many are still afraid about the transaction of bitcoin, the way the transaction is faster than fiat money transaction.
Satoshi Nakamoto really understood it that once this digital currency is done in the world,it will surely bring development to all country that make it legalized in their environment.

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November 10, 2020, 04:44:54 AM
 #34

On the eve of Halloween 31 October 2008 satoshi wrote
"I have been working on a electronic cash system that's fully peer- to -peer ,with no trusted third party."
Can we say that his work has been done or is still a work in progress .
" What has been the development of Bitcoin and improvement since that statement was made till now?
And will Bitcoin (satoshi dream or goal ) be fully accepted in the world as a means of payment?.
All your questions is answerable only by reality,meaning until things happen we cannot predict everything specially that adoption that you are looking  worldwide.
This is not anything that we are seeking to happen faster but at least assurance that 1 day this will come ,maybe not for us but for the people in our family and friends that may benefits for the goodness this can bring.

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November 10, 2020, 05:41:10 AM
 #35

On the eve of Halloween 31 October 2008 satoshi wrote
"I have been working on a electronic cash system that's fully peer- to -peer ,with no trusted third party."
Can we say that his work has been done or is still a work in progress .
" What has been the development of Bitcoin and improvement since that statement was made till now?
And will Bitcoin (satoshi dream or goal ) be fully accepted in the world as a means of payment?.

The work is in progress because bitcoin has not yet become globally, and it needs more time to introduce bitcoin to the public. The development and improvement of bitcoin grow from that time, and we are now seeing bitcoin slowly accepted in many countries. Bitcoin can become the investment and the payment method, but it will need more time for bitcoin to be used as the payment method.

And if we talk about when we really don't know and don't have the right time to see when will bitcoin be fully accepted because that will depend on each government to react about bitcoin. They control the regulations, and they need to learn more details about bitcoin before fully accepting bitcoin.

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November 10, 2020, 02:32:23 PM
 #36

I think since bitcoin was introduced to market, it is already been occured but its marketing and maintaining of its existence it in the market are still in progress, will still continue in the progress until it is fully acknowledge by all people.
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November 10, 2020, 03:55:50 PM
 #37

I think it has happened and is still in process, meaning that every system that exists in a technology over time of course there will be a change. Improvements for an innovation that are developed will definitely occur, so I think the development and improvement of bitcoin itself has occurred even though indeed, to make bitcoin a payment instrument requires development and improvement so that it can be accepted more widely so the dream will always exist and will continue to be processed.

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November 10, 2020, 06:09:25 PM
 #38

On the eve of Halloween 31 October 2008 satoshi wrote
"I have been working on a electronic cash system that's fully peer- to -peer ,with no trusted third party."
Can we say that his work has been done or is still a work in progress .
" What has been the development of Bitcoin and improvement since that statement was made till now?
And will Bitcoin (satoshi dream or goal ) be fully accepted in the world as a means of payment?.
The work hasn't been done and will never be. Right now, bitcoin is in its very early stage. There are a lot of space to improve over here and people all together are still contributing. As for the "never will be" part, it is true. It will keep on improving as long as the environment, technologic, people, economics and so on keeps on changing. Do you think "technology" has a final form/stage?

Bitcoin? Maybe not. Some centralized cryptocurrency, maybe.

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November 10, 2020, 09:15:05 PM
 #39

I believe Bitcoin is still in progress, because there are still many shortcomings of Bitcoin that need to be fixed. Since Satoshi statement
Bitcoin has developed quite rapidly, and Bitcoin has also increased. So the demand for Bitcoin increases and makes the price of Bitcoin
even more expensive. Regarding Satoshi Nakamoto's dream of wanting Bitcoin to be fully accepted as payment has started to come true,
because some countries already accept Bitcoin as payment.

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November 10, 2020, 09:25:22 PM
 #40

On the eve of Halloween 31 October 2008 satoshi wrote
"I have been working on a electronic cash system that's fully peer- to -peer ,with no trusted third party."
Can we say that his work has been done or is still a work in progress .
His work on his end should be considered done. Less he knew the system he proposed will be commercialized in a negative way.

" What has been the development of Bitcoin and improvement since that statement was made till now?
And will Bitcoin (satoshi dream or goal ) be fully accepted in the world as a means of payment?.
You can follow that yourself on the GitHub repo and maybe look at the release notes for each release? https://github.com/bitcoin/bitcoin
To answer the last part, don't know where you read it was Satoshi's dream to let bitcoin become the primary currency of the world. As of now, is bitcoin accept as a mode of payment? Yes!
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