Have Satoshi dream failed?

[Paul Pogba]

It could be said that Satoshi's dream failed, look at the current condition of bitcoin, the daily transaction volume can average $ 15 billion, but only trading on exchanges, not peer to peer, exchange owners are certainly rich people even though they only set fees below 1%.

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[coupable]

If we compare the current reality of bitcoin with the dream of satoshi of course it will fail, bitcoin is now a speculative asset, people don't want to transact with bitcoin because most online payments do not yet provide a bitcoin option, what is happening is that there are more and more exchanges that only trade bitcoin so that people have bitcoin as their goal is for profit not for transactions.

I can't understand how Satoshi's scheme actually failed.  Considering the age of Bitcoin since its inception and the huge number of services that accept Bitcoin payments, in addition to the revolution in the field of digital assets and smart contracts, I believe that Satoshi's vision succeeded at a much faster rate than he himself expected.  I expect he is sitting today smiling and watching how the world is changing.

[Semar Mesem]

I don't know in detail what satoshi's dream is, but when I read articles or listen to YouTube about the story of making bitcoin, the hope is to make bitcoin an alternative payment system that is done directly without the need for services such as banks, and in my opinion this function has been achieved even easier To send bitcoin, namely by scanning, so you don't need to copy and paste the address again.

[MoonOfLife]

It could be said that Satoshi's dream failed, look at the current condition of bitcoin, the daily transaction volume can average $ 15 billion, but only trading on exchanges, not peer to peer, exchange owners are certainly rich people even though they only set fees below 1%.

If you look at it from that angle, his dream didn't come true, but what's more important for us to look at is bitcoin has helped many people change their lives, they have a better life. So I don't consider him a total failure, he has succeeded in some way in helping people. No one can do like him, his dream did not fail.

[Vinaa77]

If truly we are all here to share crypto experiences then this is another one, I could be the one lacking the knowledge but I believe creating this topic will open my eye to better understanding.

Satoshi Nakamoto created Bitcoin as the perfect P2P digital money but today people are forced to pay tax on their holdings. Haven't this make the whole anonymous and freedom dream of Nakamoto failed?

There is no tax as long as you use Bitcoin Core developed by Satoshi Nakamoto. But if you use the exchange to make transactions, then you have to pay taxes indirectly. Why can taxes be imposed on crypto? Because the next crypto developer after Satoshi Nakamoto wants to be popular by showing his identity, and presenting himself to the public. So there is a place for the government to collect taxes, in other words the government wants to ask for their share of what someone develops.

There's nothing wrong with what Satoshi Nakamoto developed, it's just that we fail in actual use. Simply put, when we participate in a project and ask to complete KYC, this is contrary to the goals developed by Satoshi Nakamoto (anonymous). So we don't have to go far to think about tax issues and so on.

[reagansimms]

It could be said that Satoshi's dream failed, look at the current condition of bitcoin, the daily transaction volume can average $ 15 billion, but only trading on exchanges, not peer to peer, exchange owners are certainly rich people even though they only set fees below 1%.

If you look at it from that angle, his dream didn't come true, but what's more important for us to look at is bitcoin has helped many people change their lives, they have a better life. So I don't consider him a total failure, he has succeeded in some way in helping people. No one can do like him, his dream did not fail.

There is no failure when judged in a positive way that can make it easy for anyone who holds Bitcoin. Satoshi's goal of creating Bitcoin was to provide convenience and security in payments, with Blockchain technology in it making transaction costs cheaper.
Bitcoin is a new technology in finance that will allow replacing paper money into digital money in future financial transactions.

After Bitcoin was present and known to all elements of society, there were also more and more Altcoins in circulation. Now several countries have issued CBDC as a substitute for paper money. The more digital money is adopted, the more popular Bitcoin is among the public, if Satoshi does not introduce Bitcoin to the world, until now we still rely on third parties (Banks) to make domestic or inter country money transfer transactions.

[TalkativeCoin]

I don't think he failed, on the contrary, it evolved. He influenced the development of other cryptocurrencies and blockchain-based technologies, ultimately becoming much more than just Bitcoin. Ultimately, it's up to individual interpretation to determine whether or not Satoshi's dream has failed, but with everything considered, I doubt not a lot of people would conclude the same.

[Brown Ava]

Since the government laid out regulations for crypto, this also meant our crypto is going to be taxed. It's fair.

The government needs funds to govern society. Believe it or not, it's necessary since we live as a society and we all need the government as well. What is not worth it is if our taxes go somewhere outside the country so spend on war we as citizens don't benefit.

great point, thank you

[TheUltraElite]

I don't think he failed, on the contrary, it evolved. He influenced the development of other cryptocurrencies and blockchain-based technologies, ultimately becoming much more than just Bitcoin. Ultimately, it's up to individual interpretation to determine whether or not Satoshi's dream has failed, but with everything considered, I doubt not a lot of people would conclude the same.

Failure or success will depend on individual thought process, I agree. Again I feel what Satoshi has developed is still being worked on and developed further - this shows that he has been successful in my opinion.

There will always be naysayers but looking at the big picture, I feel we have been pretty successful.

Government and their approach to bitcoin might be different but the point is that the use of Bitcoin has increased gradually aside from the trading of Bitcoin.

[Lubang Bawah]

I don't think he failed, on the contrary, it evolved. He influenced the development of other cryptocurrencies and blockchain-based technologies, ultimately becoming much more than just Bitcoin. Ultimately, it's up to individual interpretation to determine whether or not Satoshi's dream has failed, but with everything considered, I doubt not a lot of people would conclude the same.

The most important dream of the presence of bitcoin is that it can be used for direct transactions peer to peer so that it does not require the services of third -party, the hope of course can produce transactions that are fast, cheap and of course safe, unfortunately big changes occur because at present the biggest use of Bitcoin is not for transactions but for speculation or trading.

[Godday]

Every country must have regulations that have been set and this will certainly continue to be applied in fields that are already related to currencies and currently include digital currencies, because the popularity of the crypto world is growing and very many users already have assets that are so large that certain countries want to be involved in these assets, But currently there are some countries that do not tax crypto users, of course this is very beneficial for users, and we all know that bitcoin is fully decentralized so Satochi's dream still continues.

[koang]

It could be said that Satoshi's dream failed, look at the current condition of bitcoin, the daily transaction volume can average $ 15 billion, but only trading on exchanges, not peer to peer, exchange owners are certainly rich people even though they only set fees below 1%.

No, no... that is an interpretation of dishonest framing
Bitcoin isn’t peer-to-peer. Bitcoin is a Store of Value
Please read up on the basics of Bitcoin and satoshi’s writings

“Bitcoin [is] more like a collectible or commodity.” - Satoshi

[posi]

I don't think he failed, on the contrary, it evolved. He influenced the development of other cryptocurrencies and blockchain-based technologies, ultimately becoming much more than just Bitcoin. Ultimately, it's up to individual interpretation to determine whether or not Satoshi's dream has failed, but with everything considered, I doubt not a lot of people would conclude the same.

Failure or success will depend on individual thought process, I agree. Again I feel what Satoshi has developed is still being worked on and developed further - this shows that he has been successful in my opinion.

There will always be naysayers but looking at the big picture, I feel we have been pretty successful.

Government and their approach to bitcoin might be different but the point is that the use of Bitcoin has increased gradually aside from the trading of Bitcoin.

I agree with you, there is no right or wrong answer, it's up to what each individual thinks. Many argue that it has failed because it cannot become a currency or is not peer-to-peer but is becoming more centralized on centralized exchanges. But to me, bitcoin has succeeded, Satoshi was right when he created bitcoin, bitcoin is opening up many opportunities for us to help many people become financially free, and own their assets without any 3rd party. Bitcoin is not perfect, but it succeeds because it has helped so many people change their lives.

[Moneyprism]

no, his dream has succeeded,, the proof is that now many people already hold crypto and have experienced the benefits of using crypto in their transactions .. it is only a matter of time before more people globally will use crypto in their transactions

[fullhdpixel]

Failure or success will depend on individual thought process, I agree. Again I feel what Satoshi has developed is still being worked on and developed further - this shows that he has been successful in my opinion.

There will always be naysayers but looking at the big picture, I feel we have been pretty successful.

Government and their approach to bitcoin might be different but the point is that the use of Bitcoin has increased gradually aside from the trading of Bitcoin.

I agree with you, there is no right or wrong answer, it's up to what each individual thinks. Many argue that it has failed because it cannot become a currency or is not peer-to-peer but is becoming more centralized on centralized exchanges. But to me, bitcoin has succeeded, Satoshi was right when he created bitcoin, bitcoin is opening up many opportunities for us to help many people become financially free, and own their assets without any 3rd party. Bitcoin is not perfect, but it succeeds because it has helped so many people change their lives.

I think there is a wrong answer in here and that is when they say that satoshi's dream have failed but the truth is that his dreams have actually succeeded. If it was a failure then there will be no BTCs up to this date. BTC is a currency, and that is why it is called a crypto-currency so I don't know why some can say that BTC can't become a currency.

Maybe they can say that because they think many people treats their BTC as an asset and they hold or trade it instead of using it for payment purposes or for shopping. That might be true but the point is that BTC is still a currency and there are still a few portion of people who use their BTC the way it was meant to be.

[maikrothaman]

If truly we are all here to share crypto experiences then this is another one, I could be the one lacking the knowledge but I believe creating this topic will open my eye to better understanding.

Satoshi Nakamoto created Bitcoin as the perfect P2P digital money but today people are forced to pay tax on their holdings. Haven't this make the whole anonymous and freedom dream of Nakamoto failed?

I will explain what I think. Satoshi aimed to build something wholly independent of centralized finance. His basic idea was a system where two people could trade payments without an intermediary. This was done, but my guess is that he thought his system would work well enough for everyday transactions. As an alternative, Bitcoin only permits one person to send money to another (similar to a donation type of payment). Nothing else is enforced by the protocol. People use centralized exchanges because this feature is missing. Each person started to deposit funds into a single large website and exchange coins and assets. The website also allow users to withdraw coins to their wallets. I believe Satoshi did not see the risks associated with centralized exchanges and systems at the first few years of Bitcoin. As most people will simply use them because they are less expensive, simpler, and faster. The truth is that everyone who uses Bitcoin does so in some way. Most privacy guarantees were breached as a result of this centralization. Because these massive service providers keep logs and share them with certain groups, privacy in the Bitcoin network is no longer very good. I came across a new project a few months ago that puts this entire system to the test. The new cryptocurrency Pandora Cash features some novel cryptographic techniques and by design permits anonymous payments. It works similar to how Monero operates. Just recently, a decentralized peer-to-peer market was launched. This market enables users to buy and sell a variety of goods for Pandora Cash. Moderators can be used to settle transactions and eliminate fraud from the system. Due to this, centralized exchanges are no longer required.

[Tanvi50_]

no middleman is involved. That's Bitcoin. the moment you put your funds in a centralized exchange, you lose that and what bitcoin is aimed for. satoshi's dream has not failed. some people are making stupid things around bitcoin, leading to its fall. yet bitcoin is on the top chart, still holding its ground to stay on the top. you can dream, but to make it a reality, that's a whole different story. with dedication and hard work, anything is possible. one day this dream will come true for sure.

[serjent05]

It could be said that Satoshi's dream failed, look at the current condition of bitcoin, the daily transaction volume can average $ 15 billion, but only trading on exchanges, not peer to peer, exchange owners are certainly rich people even though they only set fees below 1%.

People tend to speculate and profit from this speculation thus creating a market for trading Bitcoin is a normal thing.  Besides having a marketplace or exchanges for trading somehow give liquidity for Bitcoin since people will then set a demand wall and the people who wanted to cash out have the fund to support their intention.  The trading platform is part of the ecosystem why Bitcoin is thriving today and the reason why Satoshi's dreams are still alive.  You cannot say it is a failure when the Bitcoin economy is still thriving.  The dream is still in process.  You can only say it is a failure if Bitcoin cease to exist and Bitcoin isn't used as P2P anymore.

[maikrothaman]

It could be said that Satoshi's dream failed, look at the current condition of bitcoin, the daily transaction volume can average $ 15 billion, but only trading on exchanges, not peer to peer, exchange owners are certainly rich people even though they only set fees below 1%.

People tend to speculate and profit from this speculation thus creating a market for trading Bitcoin is a normal thing.  Besides having a marketplace or exchanges for trading somehow give liquidity for Bitcoin since people will then set a demand wall and the people who wanted to cash out have the fund to support their intention.  The trading platform is part of the ecosystem why Bitcoin is thriving today and the reason why Satoshi's dreams are still alive.  You cannot say it is a failure when the Bitcoin economy is still thriving.  The dream is still in process.  You can only say it is a failure if Bitcoin cease to exist and Bitcoin isn't used as P2P anymore.

The main problem is that, according to a survey of bitcoin users, 99 out of 100 would claim that they only use it as a speculative asset. Only one person in a hundred might claim they used it for something useful (non speculative). However, despite becoming the BEST STOCK, Bitcoin fell short of its goals of becoming a peer-to-peer payment system. Concerns over privacy and scalability, in my opinion, are the causes of this. merely my opinions.

[nurilham]

Satoshi Nakamoto created Bitcoin as the perfect P2P digital money but today people are forced to pay tax on their holdings. Haven't this make the whole anonymous and freedom dream of Nakamoto failed?

People don't want to have a tax for their holdings but the government always tries to take advantage by forcing the tax. But in reality, many governtment cannot apply taxes for BTC holdings, so how can you claim Satoshi fail?
Anyway, people are just the victims, they still struggle to have pure decentralization in Bitcoin. It is a challenge for people to objectify Satoshi's dream of freedom and anonymity. I'm pretty sure that we will always strive for anonymity and freedom in Bitcoin. That's why it is better to use P2P or DEX to trade BTC, don't use CEX.