What Do you think Satoshi Would Think About Today's Bitcoin?

[tetaeridanus]

Have you also thought if bitcoin was only limited to its p2p do you think bitcoin would have been this popular without the helps of the centralized exchange and investors who turned it as a store of value? Yes lemme just say from my own point of view, we can say that the reason for bitcoin to get this exposure was a results of centralized exchange and, when bitcoin remains decentralized as its no doubt that there could be growth but would be limited to some certain point which people might not find it that interesting to ventured into because no price changes and no increments, they way its used now is the way its better understood by its users and this is stirring up a massive adoption.

Yes a good point of view indeed sir,

I would like to emphasize, does btc needs to increase in price? For adoption or gaining more traders?

Your question somehow looks like saying ( water is only meant for drinking) hence why do people uses water to bath and do other things, this is what i just found out from your questions.

Of course those things you mentioned are things that gives lift to bitcoin to gain this massive attention.
 

In my opinion more people are trading then using bitcoin, which contradicts that it got adoption as a payment system.

Well i can't sense any contradiction here it all depends on your understanding and between no body stops you from not using it as it was created to be p2p. People finds more valuable purpose from it's original purpose which they noticed trading also gives additional profits to it. At this point would you say you won't trade since it was only meant for p2p?
No, because if you are that good in trading I believe you would also ventured into trading or possibly you can decides to buy and hold to utilized the efficacy of bitcoin.

Well if you read the previous, you would also know I have a long trading history; huge losses which made me self disciplined into the topic and no I don't plan to trade bitcoins, I only buy and don't sell , If that is your question. Water is not created by man kind, and God didn't give a whitepaper about water; but BTC has a whitepaper, no need for aggressive defence mechanisms; I already asked your thoughts, and you have given them. Water example is not valid.

[tetaeridanus]

Have you also thought if bitcoin was only limited to its p2p do you think bitcoin would have been this popular without the helps of the centralized exchange and investors who turned it as a store of value? Yes lemme just say from my own point of view, we can say that the reason for bitcoin to get this exposure was a results of centralized exchange and, when bitcoin remains decentralized as its no doubt that there could be growth but would be limited to some certain point which people might not find it that interesting to ventured into because no price changes and no increments, they way its used now is the way its better understood by its users and this is stirring up a massive adoption.

Yes a good point of view indeed sir,

I would like to emphasize, does btc needs to increase in price? For adoption or gaining more traders?

Your question somehow looks like saying ( water is only meant for drinking) hence why do people uses water to bath and do other things, this is what i just found out from your questions.

Of course those things you mentioned are things that gives lift to bitcoin to gain this massive attention.
 

In my opinion more people are trading then using bitcoin, which contradicts that it got adoption as a payment system.

Well i can't sense any contradiction here it all depends on your understanding and between no body stops you from not using it as it was created to be p2p. People finds more valuable purpose from it's original purpose which they noticed trading also gives additional profits to it. At this point would you say you won't trade since it was only meant for p2p?
No, because if you are that good in trading I believe you would also ventured into trading or possibly you can decides to buy and hold to utilized the efficacy of bitcoin.

Also, you taking down my whole question in to a quoted sentemcr is trying to invalidate all my opinion; don't look at my newbie rank; I am in this industry for long time, in 2 years a decade.

[blockman]

He'd be happy, his vision and whatever has happened still it's being adopted by the world. Someone who has invented a project that's being adopted globally regardless of what his vision was and didn't anticipate to be this big will surely make himself happy and satisfied. Many have also noticed that in the past but that's fine, Bitcoin was mostly considered today as an asset, a store of value, and while small traders and investors are just accumulating and taking profit from it, and the same goes to the institutions that are joining the space and surely satoshi if seeing that will be mostly proud of himself.

[Woodie]

As much as bitcoin is the brain child of Satoshi, I don't think any developments of the coin are a solo decision, and whatever coin we have today has gone through a consensus that represents the majority and they too have a limit to how far they can go, because any big changes or a hard fork done on bitcoin means we could have something...probably an altcoin.

All in all, bitcoin has never been perfect and along the way its had the opportunity to get some cosmetic upgrades that has made it better and Satoshi himself wouldn't be mad about them  

- Many of it's adapters today don't even use it as a currency or store of value, they use it as a speculative derivative. You can look at this by looking at spot and futures volumes. Adapters pre-2020 know more about Bitcoin's motive, fundementals and mission where after 2020 the market is filled with idiot perma-bulls.

What are your thoughts?

People don't put their money where they can't make money and having bitcoin has a currency or store of value isn't fun anymore, people want more hence the cry for Bitcoin ETFs which is a platform to make more money and get bitcoins price going up as a by product...so it's not about being the OG of BTC, sometimes let's move with time.

[Macoach]

I can't really say what's on satoshi's mind about the bitcoin coin  today, but in my perspective I think he would be proud cause he had a vision about creating a digital currency and above all odds he made it . And moreover bitcoin has changed a lot of lives today than any fait currency. where ever he is I think he is really smiling.

[Z-tight]

I don't think he'll be too happy with etf's, or with people storing their BTC's in centralized exchanges, but on the other hand he made BTC free, permissionless and censorship resistant, so who can tell another what to do with their coins? What matters is that BTC is doing what it was created for, it is p2p electronic cash and anyone can use it for that anytime they want to. I don't think we should be too concerned about what Satoshi would think about BTC right now, but just use your coins however you wish to do so.

[aylabadia05]

I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi

Either there will be large volume or no volume. The estimates conveyed by him are more than 20 years old and Bitcoin is still the same which has brought real change as an extraordinary breakthrough in a free financial system without the need for intermediaries in transactions.

Currently, when many people use Bitcoin as an investment asset with the hope of large profits over a long period of time in each period, it is not a mistake, because using it as an investment asset can bring profits, meaning that Bitcoin is successful on both sides. The first side is successful as an easy transaction tool and the second side is successful if used as an investment asset.
Satoshi succeeded.

[noormcs5]

I don't think he'll be too happy with etf's, or with people storing their BTC's in centralized exchanges, but on the other hand he made BTC free, permissionless and censorship resistant, so who can tell another what to do with their coins? What matters is that BTC is doing what it was created for, it is p2p electronic cash and anyone can use it for that anytime they want to. I don't think we should be too concerned about what Satoshi would think about BTC right now, but just use your coins however you wish to do so.

And above all, he may be upset as he would have thought that bitcoin would have been used as a primary currency or as a medium of exchange but it is most used as a store of value.

So, he would be happy seeing all the centralized exchange control of the bitcoin, all these whale manipulations and also these big pump and dump of the market. Also, he wouldn't have dreamed that the altcoins would find a place inside the crypto world where 95% of them are built only to get people's wealth and give them losses.

[GbitG]

- To conclude, I believe Bitcoin is in the wrong place today from Satoshi's vision. I'm a satoshi visionaire btw, you could think otherwise and I will respect you. This is just my thoughts.

What are your thoughts?

If Satoshi were alive, how many proud people would not feel ashamed to call themselves the Christ of world finance? It is obvious that if someone performs such a great feat, which has been invented by someone from the history of the world to this day, humanity, Dedicated to According to my opinion, Satochi has done what humanity has been trying to find for centuries: discover a system in which there is no need for a third party, everyone has authority over their own portfolio, and someone else's assets can easily be stolen. Or can't do any damage. Believe it or not, this invention of Satochi was entitled to a noble price in that era. In my opinion, if there is no fear of mistakes and if I can save my life, then it will be right to bring Satoshi Nakamoto to number one on the list of great people of the 20th century. Because he created the service that is first in need, it means money.
 

In my opinion more people are trading then using bitcoin, which contradicts that it got adoption as a payment system.

There are no obligations on any person in the cryptocurrency industry regarding how you want to earn, invest for a long time, or trade for so there are no such obligations on you despite the fact that it is entirely up to you as to how you can profit.

[karabiber]

I want to talk a little bit about Satoshi's economic genius. Bitcoin's biggest breach in the classical financial system and its biggest economic success was the creation of an alternative currency, an alternative labor based on technology. I don't think there is any other example of a relatively small butterfly like Satoshi having such an impact on the world. It has nothing to do with luck and all the developments are logical, everything happened as it should.

Satoshi would be proud of the system he created today but it is not his failure that the system he wanted to build was not fully integrated into the financial system. Satoshi opened the door to financial independence for humanity with the p2p system but today, the bitcoin and cryptocurrency ecosystem is trying to stop being a means of rapid enrichment. Satoshi would be proud of us all if we overcome all this and embrace the Bitcoin philosophy.

[Lanatsa]

Serious question, where I get different reply from everyone.

Personally, I think his vision of Bitcoin is not what Bitcoin has come today.

- It has became a centralized market, which is controlled by entities. A single cex or dex can manipulate the price in its favor, meaning dumping the price to aquire more btc in lower prices. (liq hunting) So it has become B2P instead of Satoshi's P2P vision.

- Many of it's adapters today don't even use it as a currency or store of value, they use it as a speculative derivative. You can look at this by looking at spot and futures volumes. Adapters pre-2020 know more about Bitcoin's motive, fundementals and mission where after 2020 the market is filled with idiot perma-bulls.

- Bitcoin and Bitcoin's price are two different things. According to Satoshi's Vision BTC is meant to be a digital peer to peer currency; not a store of value which contradicts today's investors. BTC's scalebility issues caused people to shift the narrative to a store of value. However, hence BTC is created as limited money, I believe satoshi also believed one day the narrative would be shifted to a store of value case.

- To conclude, I believe Bitcoin is in the wrong place today from Satoshi's vision. I'm a satoshi visionaire btw, you could think otherwise and I will respect you. This is just my thoughts.

What are your thoughts?

No one could able to predict the future and there's no man that would really be able to do so and even Satoshi himself didnt expect that Bitcoin did really become so big or on what it is today but its true that the general concept or idea that he do have in mind is really that totally opposing on what it should be but doesnt mean that people or the community hadnt consider or really recognized about its utility.It is really just that normal that people would really be prioritizing on something that could make profit for them and this is why its not shocking that they would really be focusing on that investment side of things.

We know that its one of the benefits on holding up Bitcoin on which it could potentially bring out profits without doing something or simply just holding for long term. As we do speak about fiat in correlation
then expect that government would really be still having that kind of engagement or influence on things which would really be normal or simply things being centralized into those platforms
which are involved but still talking solely with Bitcoin then it do really still functions on what it should be and this is what the community do really likes and prefer and this is why
it is really that mainly getting that huge community support on the entire crypto space.

[nurilham]

Satoshi will be sad because people are use Bitcoin completely opposite to the whitepaper.

It may be not the same as what Satoshi wrote on the whitepaper, but it is actually a positive thing for Bitcoin. I don't think it is 100% the opposite of its purpose on the WP.

Anyway, if people can't take advantage from Bitcoin investment, Bitcoin may be difficult to be popular as today. I can't imagine if there are too few people using Bitcoin, how Bitcoin can be used and known around the world? If we only apply Bitcoin as a digital currency, it will be hard to develop. Everyone must realize that even in some countries Bitcoin is only allowed as a digital asset.

For me, become a digital asset is one step closer for Bitcoin to be an international currency in the future.

People are prefer to hold their coins in centralized exchange than non custodial wallet.
People always judge Bitcoin price in USD or local fiat requirement than 1 BTC = 1 BTC.

- It is because some people assume it is easier to transfer it to CEX wallets than transfer it to non custodial wallets. People also can use it easier on CEX. And we must understand that CEX is more popular in many countries.
- Dollar is the international currency, so it is normal if people compare it with dollars. Anyway, how they know the growth of the value if they only think 1 BTC = 1 BTC

[serjent05]

No one knows what Satoshi is thinking, people don't even know where Satoshi is, let alone Satoshi's feelings and insight into the current Bitcoin happenings.  We can only assume according to what we believe in but it does not made our assumption correct because Satoshi might be thinking otherwise.

Anyway, we should not curse these centralized exchanges since they have played huge part in crypto adoption.  If we only rely on DEXes  I believe we won't be in the current milestone and probably way behind than where is Bitcoin now.

Centralized exchanges help a lot in institutional adoption since they have catered Bitcoin trades and exchanges and at the same time comply with regulations, the government has taken notice of Bitcoin and how they can implement regulation that allows Bitcoin services to exist.

[famososMuertos]

...//...,,

What are your thoughts?

You have to read it, between the lines, between technologies, between posts... SN left little and enough to understand it.

But, it is not so easy to predict what his thinking would be today, it happens with many other great geniuses or inventors, then, just because you read about bitcoin, you can't be close to his thinking, maybe at a 0.01% of their vision.

If you analyze it by its white paper, you have a vision, if you analyze it by its code (bitcoin), you have a vision, if you analyze it by the things that can be read about it in the forum and other things where you know him was the who wrote them, you have a vision.

Based on the above and the 0.01% coincidence of thought, SN might say:

"wow how far Bbitcoin has come, 
despite its flaws; 
naturals and acquired."

by Satoshi NAkamoto

[Iranus]

No one knows what Satoshi is thinking, people don't even know where Satoshi is, let alone Satoshi's feelings and insight into the current Bitcoin happenings.  We can only assume according to what we believe in but it does not made our assumption correct because Satoshi might be thinking otherwise.

Anyway, we should not curse these centralized exchanges since they have played huge part in crypto adoption.  If we only rely on DEXes  I believe we won't be in the current milestone and probably way behind than where is Bitcoin now.

Centralized exchanges help a lot in institutional adoption since they have catered Bitcoin trades and exchanges and at the same time comply with regulations, the government has taken notice of Bitcoin and how they can implement regulation that allows Bitcoin services to exist.

Yes, we should not deny that centralized exchanges played an important role in helping bitcoin become as popular as it is today. Although not all, I would say that most bitcoin beginners will use centralized exchanges. It can be said that it is an important bridge to connect newbies and bitcoin in the early stages of being an investor.

Even though exchanges go against the decentralized nature of bitcoin, bitcoin investors like us are still using them. We should not curse them while still using them in daily transactions.

[tetaeridanus]

Hey all,

Thank you for taking your time and replying to my thread; lots of different voices and new things that I learned as well. A healthy community should be non-homogenic for quality and educative discussions; just like here in bitcointalk. I am still reading your replies

Cheers

Tetaeridanus✨

[tetaeridanus]

[/quote]
There are no obligations on any person in the cryptocurrency industry regarding how you want to earn, invest for a long time, or trade for so there are no such obligations on you despite the fact that it is entirely up to you as to how you can profit.
[/quote]

In my replies I also mentioned the need for profits. I as well and everyone in bitcoin community cares about profits, however this contradicts the currency part. BTC was created as a currency with a hedge mechanism against inflation. Currencies gain value against each other, that is normal and how it should be. What I tried to say was when Satoshi created it, none of these parameters were known or how far bitcoin would go was known. The fact that the coin and it's ecosystem(thanks do developers) never stopped to improve and most importantly adapt; is because of the creation of the centuries' one of the biggest masterminds. He, himself satoshi.

[tech30338]

Serious question, where I get different reply from everyone.

Personally, I think his vision of Bitcoin is not what Bitcoin has come today.

- It has became a centralized market, which is controlled by entities. A single cex or dex can manipulate the price in its favor, meaning dumping the price to aquire more btc in lower prices. (liq hunting) So it has become B2P instead of Satoshi's P2P vision.

- Many of it's adapters today don't even use it as a currency or store of value, they use it as a speculative derivative. You can look at this by looking at spot and futures volumes. Adapters pre-2020 know more about Bitcoin's motive, fundementals and mission where after 2020 the market is filled with idiot perma-bulls.

- Bitcoin and Bitcoin's price are two different things. According to Satoshi's Vision BTC is meant to be a digital peer to peer currency; not a store of value which contradicts today's investors. BTC's scalebility issues caused people to shift the narrative to a store of value. However, hence BTC is created as limited money, I believe satoshi also believed one day the narrative would be shifted to a store of value case.

- To conclude, I believe Bitcoin is in the wrong place today from Satoshi's vision. I'm a satoshi visionaire btw, you could think otherwise and I will respect you. This is just my thoughts.

What are your thoughts?

We never know, but I think Satoshi Nakamoto's dream for Bitcoin is still far from what he dreamed of, since Bitcoin is still not widely accepted, and countries' policy for Bitcoin is still not concrete, although there is progress like El Salvador, making bitcoin as legal tender, there is still long way to go, adaptation is still ongoing and there are still lots of things to be done.

[mcdouglasx]

Satoshi does not need to give an opinion, he intelligently created a great trading tool, then everyone gives their opinion according to their own perspective.

We live in a time in which any opinion is criticized, therefore saying A or B would be judged.

[LogitechMouse]

Happy... and Sad as well. I guess.

Happy because Satoshi see's Bitcoin as a success because overtime, more and more people are trying to adopt it. More and more people are starting to accept Bitcoin. More and more establishments are starting to accept Bitcoin as an alternative mode of payment. A few people around the world changed their lives permanently because of Bitcoin. Many changed their lives with the help of Bitcoin.

On the other hand though, I think that Satoshi is also sad because what's in the whitepaper isn't happening... or at least most of it. Yes Bitcoin has been used for peer-to-peer transaction by some, but some see it as an asset where they can earn profit from it. Some sees Bitcoin more of an asset than a currency which it is supposed to be. Some people prefer holding it than using it to pay their things that they're buying. Worse is that, government is banning their people from using Bitcoin for some unknown reasons. I mean why ban the people from using something that they can't even control.

Overall, it's hard to know what Satoshi must be thinking right now (if Satoshi's still alive), but whatever Satoshi's feeling is, I guess we just need to thank Satoshi for creating a coin like this.