Was Bitcoin project a failure after all ?

[xSkylarx]

One can only conclude that bitcoin is a failure when it fails to achieve its original goals.

Since its inception in 2009, bitcoin has aided in bringing about financial freedom for all people. Its price has increased significantly, its adoption is booming globally, it is used as a store of value, and its decentralized peer-to-peer payment system is simple to use.

In all of these, Bitcoin is regarded as the greatest project to have ever been created.

Yep, bitcoin gave financial freedom to everyone who bought it and hold it for a long time, for everyone else it is just a missed opportunity if they knew about it but did not buy, or did not even know that it was possible to buy it, or were afraid to do so.

It is now that people buy bitcoin more willingly and have greater confidence, before everything was much more complicated. And those who believed in bitcoin deservedly achieved financial freedom. Perhaps we will not see such a big increase again and bitcoin will grow slowly, doubling each cycle from the previous ATH, it will still be able to bring good profits and there will be those who will take advantage of this opportunity, and there will be those who will miss it again.

As long as you have money to spend, it is not too late to own a bitcoin, and many of us are hoping that the bitcoin will once again break its own ATH. On the other hand, because we are mostly seeing bitcoin as an investment, it has also fulfilled its duty as a payment method, as it was designed to transfer money at a low fee, fast, and easily tracked, which is what most of us used it for until now. But for now, because of its price, most of us really see bitcoin as an opportunity to earn profit.

[serveria.com]

12 years is too short of a period - take a look at other inventions - radio, TV, internet, cars, planes whatever... most of them (if not all) had a longer mass adoption time. Therefore it's too early to judge if Bitcoin is a failure and if it has or has not reached the goals set by Satoshi. So, gentlemen, we're still early... 

[Blawpaw]

I do not think Bitcoin has been a failure. On the contrary, 12 years after its release, Bitcoin had proven to have an amazing success. From having no value at all it went past 60k and it is already something that the world is aware. Bitcoin is now the symbol of freedom to many people. In 12 years there were several developments and conquers. And this was just the beginning as the best is still to come.

[Z-tight]

12 years is too short of a period - take a look at other inventions - radio, TV, internet, cars, planes whatever... most of them (if not all) had a longer mass adoption time. Therefore it's too early to judge if Bitcoin is a failure and if it has or has not reached the goals set by Satoshi. So, gentlemen, we're still early...  

BTC hasn't been in existence for so long, but even the short while it has existed is enough for us to understand that it has been a huge success, at first people considered it to be a bubble, or an experiment, something that will collapse if there is a major world crisis or problem, but BTC has passed all of that test and is still growing. I don't feel it is too early for anyone to judge if BTC is a success or failure, it is clearly a success, it was created by Satoshi for a purpose, and it is serving that purpose and many more as well, what else do people need to understand that it is a total success.

I don't feel Satoshi created BTC for "mass adoption", it is we the BTC users that want many people to adopt it, which is very good, Satoshi created BTC to give people a decentralized second choice to fiat, a decentralized second choice to free them from government oppression, and BTC is doing exactly that, meaning the BTC project is a success. Our wish of mass adoption as BTC users will happen sometime in the future too.

[freedomgo]

One can only conclude that bitcoin is a failure when it fails to achieve its original goals.

Since its inception in 2009, bitcoin has aided in bringing about financial freedom for all people. Its price has increased significantly, its adoption is booming globally, it is used as a store of value, and its decentralized peer-to-peer payment system is simple to use.

In all of these, Bitcoin is regarded as the greatest project to have ever been created.

No doubt about that, bitcoin is truly regarded as one of the greatest creation that the mankind created.

The fact that the OP is here asking about bitcoin already means that it's not a failure after all and just a mere rumor that is spread throughout by an investor who lost his or her assets. Bitcoin has been present for more than a decade already and helping people become more comfortable while giving a lot more options especially these times where inflations are much more higher.

[Fivestar4everMVP]

It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"

Bitcoin is one of the most successful project if you ask me, think about it this way, if bitcoin is to be a peer to peer payment currency as Satoshi envisioned it to be, there was never any possibility that people will start accepting it as that over night, there would have still been a process that will lead to such achievement.
That process stage is where we are right now, go around the world, find out, many businesses are beginning to accept bitcoin as payment for their goods and services, this is to tell you that Bitcoin is right on course to becoming/bringing to reality, the peer to peer payment currency that Satoshi envisioned in the bitcoin whitepaper.

[Synchronice]

It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"

The project that was done probably by only one man or maybe by a small group, that never spent money on marketing, that was always under the hate of government but still managed to conquer the attention of the society and become massively known, sure, isn't a failure.

Bitcoin hasn't failed but the users failed to use its benefits. It was meant for pure p2p transactions, from one person to another, without going through 3rd party services but what I see is that 3rd party services are the most popular part, especially the very centralized ones.

[mendace]

Why do you call it failure if we're still here talking about it means it didn't go so bad after all or don't you think? Perhaps there have been changes that Satoshi had not budgeted but the protocol is open source and it will be the community that decides what should be done and what not. Let's not call it failure because it's not.

[carlfebz2]

It has been 12 years since Satoshi disappeared on December 12, 2010.
Now, it seems to have become something quite different from what he originally set out to do, doesn't it ?
I want to hear "How did you see the development of Bitcoin at that time ?
And how do you all feel about the current situation, which is far from the "pure" world that he aimed for ?"

Bitcoin is one of the most successful project if you ask me, think about it this way, if bitcoin is to be a peer to peer payment currency as Satoshi envisioned it to be, there was never any possibility that people will start accepting it as that over night, there would have still been a process that will lead to such achievement.
That process stage is where we are right now, go around the world, find out, many businesses are beginning to accept bitcoin as payment for their goods and services, this is to tell you that Bitcoin is right on course to becoming/bringing to reality, the peer to peer payment currency that Satoshi envisioned in the bitcoin whitepaper.

If it was a failure then we arent seeing this project to be sitting on #1 spot on CMC and take note that it had been sitting around for a decade which i couldnt really see the reason on why someone
do make out some words about being a failed project? Rather we are really just that too young and there are still lots of room if we do speak about recognition or adoption.

Cant really be ignored nor denied that Bitcoins tech is somewhat that outdated compared into other new projects or currently existing we do have the in the market if we speak
about features but the current utility of Bitcoin is really just that sufficient or right enough on making out those transactions which i dont see that we do need up some more.

[landheer]

I do not think so that Bitcoin is a failure as it is a key to success for many people and it can be a future too.

yes, I think so too. and in my opinion bitcoin is a successful project created by Satoshi Nakamoto. because so far bitcoin has provided and made good opportunities for all of us. so it's not quite right if bitcoin is called a failed project. and I also see that today's bitcoin price has increased and that proves that the bitcoin cycle is still running normally.

[koang]

12 years is too short of a period - take a look at other inventions - radio, TV, internet, cars, planes whatever... most of them (if not all) had a longer mass adoption time. Therefore it's too early to judge if Bitcoin is a failure and if it has or has not reached the goals set by Satoshi. So, gentlemen, we're still early...  

Yep. Bitcoin is still early. The tech isn't on its way, but It's here
Year after year, the deniers still can't see how adopting bitcoin can help them and for a better world. It's okay. That's their choice.

I may not see the end of this matter, but I believe that BTC can have a long history.
And Bitcoin will continue to be the best store of value ever created.

[South Park]

12 years is too short of a period - take a look at other inventions - radio, TV, internet, cars, planes whatever... most of them (if not all) had a longer mass adoption time. Therefore it's too early to judge if Bitcoin is a failure and if it has or has not reached the goals set by Satoshi. So, gentlemen, we're still early...  

Yep. Bitcoin is still early. The tech isn't on its way, but It's here
Year after year, the deniers still can't see how adopting bitcoin can help them and for a better world. It's okay. That's their choice.

I may not see the end of this matter, but I believe that BTC can have a long history.
And Bitcoin will continue to be the best store of value ever created.

We are still early on the history of bitcoin, people forget that even something like the internet took a lot of time to develop and adopt, the development of the internet takes us back to 1960s and it was not until the early 1990s when the internet as we know began to exist, so even if the adoption of bitcoin is not as fast as some expected, the rate at which it is happening is similar to what we have seen other inventions going through, so bitcoin cannot be considered to be a failure by any measure we could try to use.

[noormcs5]

One can only conclude that bitcoin is a failure when it fails to achieve its original goals.

Since its inception in 2009, bitcoin has aided in bringing about financial freedom for all people. Its price has increased significantly, its adoption is booming globally, it is used as a store of value, and its decentralized peer-to-peer payment system is simple to use.

In all of these, Bitcoin is regarded as the greatest project to have ever been created.

I don't know how people come up with this ideas and say that bitcoin is a fail project ?

Also such negative statements are being told over the media during the bear season when the hopes of people are already dying and when they hear these views they get more frustrated.

Those who know bitcoin for the last few years they know that bitcoin is the best currency as it is non inflationary and cannot be controlled by the governments and/or the people who have the power.

[Sayakaaja]

i think bitcoin didn't fail. if bitcoin failed, it would never have been popular in the first place.