Ah, Is bitcoin loosing his identity and characters gradually?

[xzone]

Am I missing something here? Just a title, no context, doesn't specify why Bitcoin is losing its identity as he claims, just a quote. From the little information we have, I'm guessing that the OP is referring to the fact that Bitcoin is considered more as an asset than a currency, which wasn't Satoshi's plan. Perhaps the OP should "update" us

It seems like a title that thinks bitcoin will be in the system. I disagree with this. Let's look at the economic conditions in the world, hasn't the financial system started to change? Bitcoin is not just an investment, it is a miracle that has the potential to change many things in the world.

10 years from now, banks will be helpless against Bitcoin, everyone will be using Bitcoin or blockchain-related things. The crypto ecosystem may have been damaged by things like NFT, memecoin, shitcoin in the last 2-3 years. But we still continue to change the world

[zasad@]

It is highly likely that in 10 years, centralized services will be called blockchain. People have long been accustomed to banking applications and prefer to use centralized services and exchanges for trading and investing, because it is more convenient. Decentralized services do not have a huge functionality and the commission is higher.

[Ultegra134]

It seems like a title that thinks bitcoin will be in the system. I disagree with this. Let's look at the economic conditions in the world, hasn't the financial system started to change? Bitcoin is not just an investment, it is a miracle that has the potential to change many things in the world.

10 years from now, banks will be helpless against Bitcoin, everyone will be using Bitcoin or blockchain-related things. The crypto ecosystem may have been damaged by things like NFT, memecoin, shitcoin in the last 2-3 years. But we still continue to change the world

Okay, I partly agree that the financial system has been through some changes, but I don't believe that banks will ever fear Bitcoin. That's not because I don't have faith in Bitcoin, but because it wasn't created to replace them. It has made advancements regarding transaction speed and cost (see lightning network), but if we look deep into what's going on, you'll see that it has made advancements towards being more widely accepted as an investment (ETFs, major purchases from financial institutions etc.), which proves my initial point.

[stadus]

Nothing has been altered in bitcoin itself, it is the government who is joining and forcing itself to have a stake in the operation by making concerted effort to regulate the decentralised system through third party control. If we are talking about change, before now there are CEX who don't go after KYC but that has changed. The government never levied tax on bitcoin transaction but that has changed. The changes are not with bitcoin but the adoption level is what is increasing and the government is coming in for their gains. So we can expect difference in operation not changes in what bitcoin characteristics is for like limited supply, privacy, cryptographic security, divisibility, deflationary etc have not changed.

Adoption has continued to grow because Bitcoin has remained consistent. It’s been forked many times before, but none of those forks have truly succeeded in the long run. We’ve seen BCH and BSV,  but where are they now? Most people have forgotten about them, and they’re basically just riding on what Bitcoin originally was from the start.

That’s why I believe nothing really needs to change with Bitcoin. It will continue to live as it is. Governments have already made their moves to regulate it, and the fact that Satoshi remains anonymous is actually a good thing as there's no one to pressure or target. Instead, regulators are left to deal with the system as it stands today, and they’ll have to approach it through policy, not control.

[red4slash]

The context of losing identity in what way because I personally do not feel that bitcoin has lost its identity at this time.
Indeed, when looking at the initial purpose of creating bitcoin as an alternative for payment, but now the function of bitcoin has widened because apart from us being able to make it an alternative for payment, bitcoin can also function as a long-term investment or even in trading.

But does that make their identity lost? of course I feel that it does not, in fact, with the existence of things where bitcoin becomes an investment or trading material, it actually makes bitcoin much more reckoned with than before and even though investment and trade are now more often discussed than alternatives as a means of payment, until now if there are those who really want to transact using bitcoin, it is still very possible so that they still exist and their goals are still the same.
I think things like this do not need to be debated because in any case as long as it is still in a profitable context and makes bitcoin more well-known, then why not.

[Ojima-ojo]

Will keep you updated!

Quote : ...when you cannot beat the system, you join the system...


Thanks

So what are you thinking, you believe that Bitcoin will join the list of the shitcoins that we have in the market, simply because you feel that Bitcoin can't beat them in the first place, and if I may ask you ops, what make you think that Bitcoin have not done well to the point of beating the others to remain at the top.

 Let us be more objective in our approach when discussing Bitcoin and it related concerns, Bitcoin success can't be compared to altcoins own success and even altcoins dump Bitcoin never hard such situations as dump before.

[Onyeeze]

Will keep you updated!

You need to update us through your text, but you haven't, how can people believe on your theory since you don't have backgrounds of what you are saying, bitcoin is not losing any identity, I understanding that people doesn't make a research this time, because if people do make a research about Bitcoin, most of people will know that bitcoin is gaining more potentials, because more customers and more countries is embracing bitcoin, as bitcoin is now, is not how bitcoin was in 2013

[AmoreJaz]

It is highly likely that in 10 years, centralized services will be called blockchain. People have long been accustomed to banking applications and prefer to use centralized services and exchanges for trading and investing, because it is more convenient. Decentralized services do not have a huge functionality and the commission is higher.

We will see what will happen next in the next 10 years or so. But for now, crypto users are growing as well as population who are recognizing that there's more than traditional banking services that we have today. We are used to traditional banking and now, we are seeing that a decentralized cryptocurrency is changing the narrative of banking. So for me, it is not losing its identity but finding its way in this financial market, penetrating the mainstream market.

With only more than a decade in existence, bitcoin market has already changed a lot in the financial world. Big companies are also interested in blockchain tech owed to this digital currency. This tech is evolving fast as more and more companies are adopting this technology in their operations. They will soon find out the benefits it can bring to their operations.