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

[Ale88]

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?

Without CEXs, whether people like it or not, we would never be here, I wouldn't be here. If something is too complicate people won't use it, as simple as that. Just think about computers and smartphones: if everyone had to build his own device very few people would use them so, again, people can be against Microsoft, Apple, etc etc, but if things aren't easy people just won't buy/use them.

[posi]

If he was alive and saw what we are doing with bitcoin, I don't think he will be as disappointed as the OP or many people think. It is true that bitcoin is not being used as a currency and is being used by us more as an investment. But that doesn't mean it can't be used as payment, there are still a lot of people using bitcoin for payment. It shows that bitcoin has become more multifunctional than Satoshi expected, today bitcoin can be used as an asset, currency, payment method, your own bank...I don't think he will be disappointed with this result. What is more important is that people have supported his idea, and more and more people are using bitcoin, how can it be said that he will be disappointed?

Hey!

I didn't say he would be dissapointed, I think he would be proud of his creation having a life of its own and went on its own way. I just believe bitcoin deviated from his vision into a different entity in ways.

Respect.

Tetaeridanus✨

Yes, you didn't say he was disappointed in bitcoin, but all you said in your article was to emphasize that bitcoin is deviating from his vision, so I think you're guessing he will be disappointed with what is happening  .

In short, this is just our speculation, we are not him so we cannot know what he is thinking. But I think his mission is accomplished, his job is to create bitcoin for the community and what bitcoin becomes is up to the community to decide.

[reagansimms]

Bitcoin is still in line with Satoshi's original goals, it's just that Bitcoin users are implementing it to a place that benefits them personally. Satoshi who does not believe in the financial system built by the government, has succeeded in attracting the attention of most people around the world to turn to Bitcoin with the aim of becoming a peer to peer digital currency, but Bitcoin users try to take advantage of this opportunity by combining it as a store of value. The ease of carrying out transactions and being able to be used as a place to store value makes the volume of Bitcoin transactions even greater.

[SmartGold01]

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?

Without CEXs, whether people like it or not, we would never be here, I wouldn't be here. If something is too complicate people won't use it, as simple as that. Just think about computers and smartphones: if everyone had to build his own device very few people would use them so, again, people can be against Microsoft, Apple, etc etc, but if things aren't easy people just won't buy/use them.

Absolutely this wouldn't have been possible if things were too difficult to be operated even as some point they would feel discouraged along the line they may source for another alternative means, but still there is a reason for bitcoin not limited to its peer to peer nature. People finding it more valuable and useful than its initial purpose that is why its brings togetherness of everyone and, attention is being given more and more people are still diving into bitcoin to explore new things about bitcoin progress.

[Ndabagi01]

- 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?

What bitcoin is today was not Satoshi's original intention when he created it. In any case, it has contributed to the extent to which its use has gained widespread acceptance around the world. It amuses me how much the speculative market drives the bitcoin price, but has some level of decentralisation that cannot be controlled by one person or a group, in my opinion which is still not in a bad state yet.

[fuguebtc]

-.-
 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.

I don't think he will be sad about this, I believe that when he created bitcoin he also predicted this because bitcoin is creating a decentralized system that is completely opposite to a centralized system government. There are some theories that bitcoin was created out of political views, and I think that's true, bitcoin clearly goes against the concepts that governments are placing on our world. He predicted it and that's why he decided to stay anonymous forever to avoid unfortunate incidents happening to himself and bitcoin.

[bayu7adi]

Despite not aligning with the initial vision outlined in the Whitepaper, Bitcoin has grown to this magnitude, and I believe Satoshi would still take pride in the positive impact stemming from his creation. The repercussions are on a grand scale and have significantly reshaped the global economic landscape. Achieving this level of prominence is indeed a source of great pride, and I am confident that any remorse Satoshi may have felt for the deviation from the intended use is assuaged by this widespread adoption.

I have no regrets about acquainting myself with Bitcoin, and I take pride in this innovation.

[jeraldskie11]

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?

Without CEXs, whether people like it or not, we would never be here, I wouldn't be here. If something is too complicate people won't use it, as simple as that. Just think about computers and smartphones: if everyone had to build his own device very few people would use them so, again, people can be against Microsoft, Apple, etc etc, but if things aren't easy people just won't buy/use them.

Absolutely this wouldn't have been possible if things were too difficult to be operated even as some point they would feel discouraged along the line they may source for another alternative means, but still there is a reason for bitcoin not limited to its peer to peer nature. People finding it more valuable and useful than its initial purpose that is why its brings togetherness of everyone and, attention is being given more and more people are still diving into bitcoin to explore new things about bitcoin progress.

P2P is no longer preferred because many people are not honest or faithful to their words. That is why I agree that we would not be here if there were no exchanges. If you believe that exchanges, particularly CEX, are unsafe, I believe that using P2P is much riskier. When people hear about Bitcoin or cryptocurrency in my area, they usually assume you are wealthy.

So, if you ever use P2P, you never know who you're dealing with, and there have already been incidents where they've exploited their clients.

In this situation, Satoshi might not expect this to happen, but it all leads to the same direction.

[bitzizzix]

As we know, Satoshi Nakamoto's vision of Bitcoin, in the whitepaper Bitcoin was created as a decentralized peer-to-peer electronic money system and would operate independently of traditional financial institutions. The aim is to overcome several fundamental problems of the existing centralized financial system, including trust issues, the absence of intermediaries, high transaction costs, long settlement times, and so on.
And no one knows whether Mr. Satoshi Nakamoto is disappointed or not with what happened, what is clear is that he must be very happy because Bitcoin users or owners continue to increase and develop. Despite the fact that almost everyone treats Bitcoin for personal gain in different ways, and I think Bitcoin can be said to be still in its infancy. And his original vision will not disappear completely, and I am sure that one day or in the future his vision will be realized.

[Blitzboy]

Bitcoin's original vision was groundbreaking, a rebellion against the traditional financial systems. If I were Satoshi, I would look at the current situation with a mixed feeling of fascination and sadness. Fascination, because a concept I birthed has become globally recognized. Sad, because the original purpose seems to fade away

The manipulation by centralized exchanges? You're right. This is a glaring issue. Satoshi aimed for a decentralized, peer-to-peer economy, not for a few powerful entities to puppeteer the market dynamics. The initial aim was a pure P2P exchange; not this warped B2P version where exchanges wield more power than they should

The "store of value" vs"currency" is right on. The scaling issues made Bitcoin less practical as a daily currency, so the narrative got twisted. The masses, especially post-2020, dont necessarily grasp the depth of its founding philosophy

We seem to have gone in a different direction from Satoshi's dream, dont we?  Bitcoin was supposed to be for the people, by the people. Not a playground for the elite

[tetaeridanus]

Bitcoin's original vision was groundbreaking, a rebellion against the traditional financial systems. If I were Satoshi, I would look at the current situation with a mixed feeling of fascination and sadness. Fascination, because a concept I birthed has become globally recognized. Sad, because the original purpose seems to fade away

The manipulation by centralized exchanges? You're right. This is a glaring issue. Satoshi aimed for a decentralized, peer-to-peer economy, not for a few powerful entities to puppeteer the market dynamics. The initial aim was a pure P2P exchange; not this warped B2P version where exchanges wield more power than they should

The "store of value" vs"currency" is right on. The scaling issues made Bitcoin less practical as a daily currency, so the narrative got twisted. The masses, especially post-2020, dont necessarily grasp the depth of its founding philosophy

We seem to have gone in a different direction from Satoshi's dream, dont we?  Bitcoin was supposed to be for the people, by the people. Not a playground for the elite

I accidentally double merited you, however no problem; you understood and gave a simple answer.

Cheers mate

Tetaeridanus✨

[tetaeridanus]

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.

Satoshi does not need to give an opinion? Did you read my thread man? He already wrote a whitepaper, with the title peer-to-peer currency not decentralised store of value. We know his vision about bitcoin since 14 years now. My question was how bitcoin changed since his creation and what would he think about it if he was alive. No one can judge why Satoshi created Bitcoin, he is the reason why we are here.

[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.

Satoshi does not need to give an opinion? Did you read my thread man? He already wrote a whitepaper, with the title peer-to-peer currency not decentralised store of value. We know his vision about bitcoin since 14 years now. My question was how bitcoin changed since his creation and what would he think about it if he was alive. No one can judge why Satoshi created Bitcoin, he is the reason why we are here.

Yes, I read the title and yes, he published his purpose more than a decade ago, people change over the years, maybe their ideology changed or maybe not. If he has changed his thinking or not today, the most likely thing is that he thinks that he should not give an opinion on the matter, why? Because bitcoin is what it is, it depends on each person how they visualize it and in what. context use it.

[Benedictare]

Well wherever Satoshi is right now, i think he will be happy for his innovation and ideas coming to reality and dream actualization even if not met yet,believing that one day he will achieve his purpose peer-to-peer decentralization, not holding and saving  Bitcoin. Moreover Bitcoin is spreading Gradially around the globe and becoming a legal tendency in some countries. Just as it will take sometime to grow in an investment,so also Bitcoin will gradually meet Satoshi's aims and objectives, those countries that  are not legaliasing it will do that because some are secretly using Bitcoin will definitely legalize it some day openly and base their economy on it

[Japinat]

I cannot say it’s totally in the wrong place because even if people have resorted to use it as a store of value more than a digital currency, still it serves the idea of freedom that Satoshi would want us to experience from the manipulation of the government. I believe we are still heading to the original plan using bitcoin as a currency but for now, it’s just that the global adoption is still very hard to be realized.

[tetaeridanus]

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.

Satoshi does not need to give an opinion? Did you read my thread man? He already wrote a whitepaper, with the title peer-to-peer currency not decentralised store of value. We know his vision about bitcoin since 14 years now. My question was how bitcoin changed since his creation and what would he think about it if he was alive. No one can judge why Satoshi created Bitcoin, he is the reason why we are here.

Yes, I read the title and yes, he published his purpose more than a decade ago, people change over the years, maybe their ideology changed or maybe not. If he has changed his thinking or not today, the most likely thing is that he thinks that he should not give an opinion on the matter, why? Because bitcoin is what it is, it depends on each person how they visualize it and in what. context use it.

Thank you for your answer, a different way to look at the topic.

[Dr.Bitcoin_Strange]

Well, if Satoshi is somewhere watching from afar, he will not be completely sad because he knows that there are people who are still living in his vision for Bitcoin creation, and definitely everyone cannot just think alike for everything. But what I think will sadden Satoshi the most is how Bitcoiners have failed to keep their privacy safe while using Bitcoin. It was never meant to be a thing to give off your identity before you can acquire it and now centralized exchange have made some Bitcoin users give off their information before buying Bitcoin. But another thing is that some people were able to acquire Bitcoin because of CEX, and the question is, if there were no CEX, could Bitcoin have spread so far the way it is now? (I don't know.) If power were in the hands of all CEX, many of them would not ask for your KYC, but it's something that the government has deemed necessary for them to comply with.

[bitgolden]

I'd like to believe so. I have a deep respect for the idea of Satoshi Nakamoto creating Bitcoin and then stepping back from the scene. However, I must admit, it would be intriguing to witness a change in the 'last active' date on the old Bitcointalk forum account that Satoshi used in the past. Currently, it's set at December 13th, 2010. Just imagine if it were to change to 2023... The Bitcoin community would likely react strongly, perhaps even with panic, fearing that Satoshi is about to sell his 1 million Bitcoins. But picture this scenario: he makes a simple comment like "I see you, El Salvador," and then vanishes for another decade. I have great admiration for how Satoshi managed Bitcoin, and I'll always hold the utmost respect for his creation. However, I can't be the only one who wonders if we might ever get even the slightest hint that he's still out there, observing the global evolution of his creation.

It's really true that it would definitely make a lot of people happy and excited about it, but I would rather very much see it not changed because it is not smart to get him involved right now. That would be sort of centralization if we start to trust one person, we need to let bitcoin be as decentralized as possible, and I do not mean just technologically, I mean literally just take your hands off it and let the market decide everything levels.

That would be a lot better and I think that's what I would rather see as well. I know not a lot of people would be glad to keep seeing it this way, some people want some action, watching be boring like right now is not that great for them but I feel like it could be decent.

[Casdinyard]

You’re thinking inside the box my friend. What you fail to consideris that, despite the large amount of entities and corporations huying bitcoins as security asset, it’s still pretty much decentralized. We still have the power over bitcoin. One well timed mass dump of bitcoin over a short period of time and you’ll see these companies selling their bitcoins as fast as they bought in.

Chillax and don’t be scared just cause companies buy bitcoin now. I think we caneven assume that this massive upgrade from bitcoin being a measly coin with little to no value back then, Satoshi will certainly be happy and proud.

[Russlenat]

Satoshi might not like what he’s seeing today since the original design for bitcoin as a digital peer to peer currency is still not happening but seeing bitcoin price still surging high and considered the most secured and profitable crypto investment is already a great achievement and Satoshi should take the credit for that. So I don’t think he will feel disappointed with what is happening. This is just the beginning and I’m pretty sure bitcoin as a currency will still be possible hopefully soon in the future.