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Author Topic: has bitcoin achieved its goal?  (Read 933 times)
Swordsoffreedom
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December 31, 2021, 10:29:33 PM
 #121

Bitcoin has accomplished a lot over the last few years and deserves a lot of credit for it but has not achieved its goal yet.  Bitcoin is set to achieve global protection whereby everyone will accept its use in terms of payment methods and apply it to their business and transactions.
based on the data I read on a news some time ago, currently bitcoin users are less than 2% of the world's population...

bitcoin is still too young so it can't be said that it has fully achieved its goal created by satoshi, but the best thing right now is that bitcoin will not be destroyed at any time and will continue to exist in this world.

Satoshi did not create Bitcoin so that everyone could use Bitcoin, He actually wanted to make a payment system that is independent, no one has the power to control or alter the transactions in Bitcoin that conventional Banks can do.

From, Satoshi's perspective, it truly gained its success. many hackers tried to hack Bitcoins, but they failed. many technicians wanted to crack private keys but they are extremely failed. The government wanted to regulate the Bitcoin system but they also failed badly, the government tried to ban Bitcoin but they failed to prevent people to use Bitcoin. Bitcoin is a unique system, no one can take over it.

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December 31, 2021, 10:53:01 PM
 #122

Goal of Bitcoin is to reach 100k but still it not crossed 80k but big traders said that bitcoin will cross 100k in starting bull run of 2022. There are many chances that BTC will reach their goal because BTC has jumped from every dip and I predict that BTC use same strategy in this dip
I think reaching that certain amount is not really the main goal of bitcoin but its more on the global adoption for bitcoin as a payment system. I can see that we are starting to create massive adoption but if we can help aware the people about bitcoin's potentials and advantages, then most likely that they will start putting their interest on it and widen their knowledge through in depth research. And when bitcoin starts to be used as a means of payment, then eventually its own value will increase since there will be a huge demand on bitcoin.

Since the beginning Bitcoin was created not to be a digital asset, but as a payment system without the need to involve a third party. So Bitcoin
reaching a price of $100k is not the goal of Bitcoin, the increase in the price of Bitcoin is only an effect that occurs  because the demand for
Bitcoin continues to increase, while the supply of Bitcoin is limited. This is very different from fiat, which is decreasing in value due to inflation.
Therefore we do not need to worry about the price of Bitcoin failing to reach the price of $100k, as long as massive adoption continues,
will make a lot of people use Bitcoin and it will slowly continue to push the price of Bitcoin even higher. Even though there are countries that
have legalized Bitcoin as a legal tender, that doesn't mean Bitcoin has achieved its goal. I think the main purpose of Bitcoin is if Bitcoin can be
legalized in the majority of countries in the world as payment. Not that Bitcoin will replace fiat, but at least Bitcoin can be a payment alternative.

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