If Satoshi saw today’s Bitcoin, would he call it a failure?

[Outhue]

If I am responsible for building Bitcoin I will feel sad today, let's forget about how Satoshi will feel, we are the adopters, how we feel is all that matters now, Satoshi Nakamoto has fulfilled his dream. I can't call Bitcoin a failure but I am not happy with the style of adopting happening around Bitcoin now.

Bitcoin used to be the people's currency or coin, can we call if the same today? Those centralised entities are on a Misson to grab every last piece of Bitcoin available in the hands of people, they can now manipulate the market to even end up with more Bitcoin. I wonder how Satoshi will feel too but that's not his fault, who would have thought that a government figure will expose Bitcoin to the government and others this way? Even Satoshi would be shocked right now.

[Lanatsa]

We’ve always said, especially us early adopters, that Bitcoin is decentralized money meant to cut out third parties, to give us a way to move funds freely without the government watching or banks handling every transaction. But looking at the situation now, yeah, Bitcoin has grown fast and become really valuable…

I don’t have exact numbers, but I’m pretty sure most Bitcoin is sitting in centralized exchanges or ETFs, basically the new Wall Street. And the one thing we all hated before, KYC it’s everywhere now, not just in exchanges but even on gambling sites.

Satoshi’s vision was peer-to-peer transactions, yet most of today’s activity goes through centralized platforms.

So the question is, do you think Satoshi would be happy with where Bitcoin is now? yes, it’s valuable, but the original goal doesn’t seem fully achieved.

Satoshi might have expected Bitcoin to evolve but not in the direction of becoming another tool for big finance his whitepaper was about peer to peer electronic cash not a speculative asset traded on wall street or locked away in custodial accounts the growth in price and global recognition are achievements but they come with trade offs many of which pull the project away from its roots. When you see most coins sitting on centralized exchanges or in etfs it shows how convenience and security offered by third parties won over the responsibility of self custody people fear losing their keys or making mistakes so they accept kyc and surveillance even though it contradicts the early ideals it is a reminder that technology can be radical but human behavior tends to drift toward comfort and simplicity.

There are still communities fighting to keep satoshis vision alive they promote self custody encourage running nodes and push for decentralized exchanges and payment solutions these tools exist and they prove that the original idea is still possible the problem is they are not as widely adopted because the learning curve feels too high for casual users and many would rather trust a company than take full responsibility.If satoshi could see the present state he might feel both proud and disappointed proud that bitcoin survived government pressure bans and countless attacks while becoming a global financial force but disappointed that the majority treat it more like digital gold in the hands of institutions than as a true peer to peer currency the future depends on whether education and culture shift back toward independence or whether bitcoin becomes permanently absorbed into the very system it was designed to replace.

[EarnOnVictor]

So the question is, do you think Satoshi would be happy with where Bitcoin is now? yes, it’s valuable, but the original goal doesn’t seem fully achieved.

This will surely be mixed with Satoshi, as he/she/they would surely be happy that Bitcoin is not a failure. No asset has achieved what Bitcoin has achieved in a short period. That alone is enough reason to be happy and also outweighs the unpleasant results of other expectations.

Yet it concerns me and other Bitcoin lovers how centralised systems and the government are dominating in the Bitcoin transactions/activities, but at the same time, some are positive, and I knew this was coming, we should expect more government noses poking. Bitcoin itself may be centralised, but so long as it's human beings dealing with it and they are dealing with it on the soil of a country, the government will find a way. There's nothing Satoshi or anyone can do about it, unless the project is not popular and secretly transacted.

[Hamza2424]

Satoshi’s vision was peer-to-peer transactions, yet most of today’s activity goes through centralized platforms.

So the question is, do you think Satoshi would be happy with where Bitcoin is now? yes, it’s valuable, but the original goal doesn’t seem fully achieved.

The adoption is massive, and Satoshi would be very happy to see it, but he won't be much to see the involvement of centralized authorities making rules more strict for anyone to buy and sell Bitcoin. But there are tools that people can use to stay anonymous and where they don't have to care about the government, but those tools can be used by illicit actors, and that can impact the purpose of Bitcoin too.

No doubt, it should be trustless and not controlled by the government or anyone who wants to move things in their own way, and to be honest, this is not what is happening really. They can't control it still; they can't freeze anyone's BTC. Those who have placed them in exchanges and ETFs know the risks and that their BTC can be frozen and misused by their platforms, but they still use them, so let them.

If we understand the real threat, then don't use them, that's it. They can't control the price, even though we control the price, because still people hold more of the Bitcoins circulating in the market.

[betswift]

Satoshi’s vision was peer-to-peer transactions, yet most of today’s activity goes through centralized platforms.

So the question is, do you think Satoshi would be happy with where Bitcoin is now? yes, it’s valuable, but the original goal doesn’t seem fully achieved.

The adoption is massive, and Satoshi would be very happy to see it, but he won't be much to see the involvement of centralized authorities making rules more strict for anyone to buy and sell Bitcoin. But there are tools that people can use to stay anonymous and where they don't have to care about the government, but those tools can be used by illicit actors, and that can impact the purpose of Bitcoin too.

No doubt, it should be trustless and not controlled by the government or anyone who wants to move things in their own way, and to be honest, this is not what is happening really. They can't control it still; they can't freeze anyone's BTC. Those who have placed them in exchanges and ETFs know the risks and that their BTC can be frozen and misused by their platforms, but they still use them, so let them.

If we understand the real threat, then don't use them, that's it. They can't control the price, even though we control the price, because still people hold more of the Bitcoins circulating in the market.

It's the aftermath of BTC being open to everyone, big and small.

Some day, everybody will want BTC for themselves - we are already on such a path toward it, and our custody becomes more and more important.

[Zoomic]

We’ve always said, especially us early adopters, that Bitcoin is decentralized money meant to cut out third parties, to give us a way to move funds freely without the government watching or banks handling every transaction. But looking at the situation now, yeah, Bitcoin has grown fast and become really valuable…

I don’t have exact numbers, but I’m pretty sure most Bitcoin is sitting in centralized exchanges or ETFs, basically the new Wall Street. And the one thing we all hated before, KYC it’s everywhere now, not just in exchanges but even on gambling sites.

Satoshi’s vision was peer-to-peer transactions, yet most of today’s activity goes through centralized platforms.

So the question is, do you think Satoshi would be happy with where Bitcoin is now? yes, it’s valuable, but the original goal doesn’t seem fully achieved.

Satoshi didn't actually know the direction bitcoin would follow from the early age according to his statements.
So, at first he wouldn't be disappointed at the present bitcoin, even if it has not withheld to a large percentage its decentralized nature.
Global adoption has been achieved and bitcoin price is nothing close to disappearing.

Decentralisation is something people will learn to embrace as time goes. I don't blame adopters because centralized exchanges make things easy and user friendly for newbies. Satoshi P2P needs some kind of technical knowledge to sign contracts to implement and not everyone has that knowledge and patience to learn.

[free-bit.co.in]

Satoshi didn't actually know the direction bitcoin would follow from the early age according to his statements.
So, at first he wouldn't be disappointed at the present bitcoin, even if it has not withheld to a large percentage its decentralized nature.
Global adoption has been achieved and bitcoin price is nothing close to disappearing.

Because he like us, cannot predict the future. But based on the bitcoin's whitepaper he drafted, he created bitcoin with the aim of creating a decentralized currency, independent of third parties. He did not intend to create a speculative asset and expected centralized institutions to hold the majority of it. So if he still holds the view that bitcoin needs to be developed and used as a currency, he will not be happy with what is happening.

On the contrary, if he is not too concerned about how people use bitcoin and what it will become. He only cares that it exists and is widely used, he must be very happy because thanks to bitcoin he has become one of the 100 richest people in the world.

[brownn]

We’ve always said, especially us early adopters, that Bitcoin is decentralized money meant to cut out third parties, to give us a way to move funds freely without the government watching or banks handling every transaction. But looking at the situation now, yeah, Bitcoin has grown fast and become really valuable…

I don’t have exact numbers, but I’m pretty sure most Bitcoin is sitting in centralized exchanges or ETFs, basically the new Wall Street. And the one thing we all hated before, KYC it’s everywhere now, not just in exchanges but even on gambling sites.

Satoshi’s vision was peer-to-peer transactions, yet most of today’s activity goes through centralized platforms.

So the question is, do you think Satoshi would be happy with where Bitcoin is now? yes, it’s valuable, but the original goal doesn’t seem fully achieved.

Even after all these restrictions, if we see from growth point of view, it has broke all records.

I am sure that if he is watching the current status, he must be feeling proud of what he built. After internet, crypto is the most impactful discovery in my opinion which has impacted the life of millions of people.

[Aanuoluwatofunmi]

Bitcoin has gone far ahead the normal expectation it creator had towards it from the start and am sure that if Satoshi should be somewhere today, he will always be proud of seeing the way bitcoin has turned the global solution to the entire world from the challenges faced in the financial economy, as long as the government couldn't achieve their censorship over the use of bitcoin, then we are still at the very best of why it was created and the people were always eager to adopt and use bitcoin for different purposes.

[betswift]

Even after all these restrictions, if we see from growth point of view, it has broke all records.

I am sure that if he is watching the current status, he must be feeling proud of what he built. After internet, crypto is the most impactful discovery in my opinion which has impacted the life of millions of people.

BTC still breaks all records, adoption and price wise - and it will keep doing it, like a mechanism that's perfectly suited for its job.

[FortuneFollower]

I am sure Satoshi didn't wasn't even expecting the level of adoption and growth that we have seen over the years for Bitcoin. Sometimes ingenuity is seen is hindsight

We would never know that, we may search through his posts to see what he may of thought, but we can definitely say that he succeeded in what he envisioned - and BTC will keep shining through.

[Iranus]

So the question is, do you think Satoshi would be happy with where Bitcoin is now? yes, it’s valuable, but the original goal doesn’t seem fully achieved.

If we dare admit the truth, bitcoin has completely deviated from the original goal for which Satoshi created it. It is no longer used as a currency but has become an investment asset, and is becoming more and more centralized as governments and institutions are trying to intervene and hold BTC in large amounts. More importantly, the community is also gradually losing interest in bitcoin's philosophy of promoting privacy and reducing third-party dependence. Most are focused only on profit.
So, unlike others, I don't think Satoshi would be happy with where Bitcoin is now.

[goldkingcoiner]

Yes, Satoshi will be very happy because bitcoin still maintain being decentralized, just that people are the ones that like to use the centralized platforms for it.

The way Satoshi designed bitcoin makes us know that people like what is centralized which makes humans the failure to make something to remain decentralized.

Bitcoin network is still decentralized and nothing has changed about that. People are the failure and not bitcoin. Non central authority has control over bitcoin.

I think so too.

Satoshi left Bitcoin to be developed openly by the community. As long as it continues to be truly decentralized, I think he would be very happy. The good thing about Bitcoin is that the community decides on how it should be changed in its development. It is an ongoing process which cannot be decided by one single person or company.

And the fact that Bitcoin has continued like this since 2009 while gaining such a gigantic market cap is very assuring when thinking about the future.

[cr1776]

We’ve always said, especially us early adopters, that Bitcoin is decentralized money meant to cut out third parties, to give us a way to move funds freely without the government watching or banks handling every transaction. But looking at the situation now, yeah, Bitcoin has grown fast and become really valuable…

I don’t have exact numbers, but I’m pretty sure most Bitcoin is sitting in centralized exchanges or ETFs, basically the new Wall Street. And the one thing we all hated before, KYC it’s everywhere now, not just in exchanges but even on gambling sites.

Satoshi’s vision was peer-to-peer transactions, yet most of today’s activity goes through centralized platforms.

So the question is, do you think Satoshi would be happy with where Bitcoin is now? yes, it’s valuable, but the original goal doesn’t seem fully achieved.

Yes, he'd be happy.  Once bitcoin reaches fiat equilibrium and transactions aren't subject to taxes (eg capital gains) as in some areas it will be more useful as a currency.  That's another 2-2.5 (maybe even more) orders of magnitude from here.

[Abiky]

The adoption is massive, and Satoshi would be very happy to see it, but he won't be much to see the involvement of centralized authorities making rules more strict for anyone to buy and sell Bitcoin. But there are tools that people can use to stay anonymous and where they don't have to care about the government, but those tools can be used by illicit actors, and that can impact the purpose of Bitcoin too.

No doubt, it should be trustless and not controlled by the government or anyone who wants to move things in their own way, and to be honest, this is not what is happening really. They can't control it still; they can't freeze anyone's BTC. Those who have placed them in exchanges and ETFs know the risks and that their BTC can be frozen and misused by their platforms, but they still use them, so let them.

If we understand the real threat, then don't use them, that's it. They can't control the price, even though we control the price, because still people hold more of the Bitcoins circulating in the market.

Well, it could've been worse. At least, we have other ways to buy/sell Bitcoin. Decentralized exchanges and non-KYC P2P trading platforms will carry on with Bitcoin's original vision. It's hard (if not impossible) to take these down. Much less, manipulate them. While "Wall Street" is beginning to control the market, it will never go as far as controlling the network itself (I hope). There are many miners and nodes distributed around the globe. So it's going to take a lot more than just amassing BTC's circulating supply to make a difference.

Satoshi may not like the path towards the "institutionalization" of Bitcoin, but at least, this will give the "green light" for the continued growth of the industry. The fate of the Blockchain lies in the community's hands. Let's hope things go along smoothly until the very last BTC is mined.

[macson]

Bitcoin continues to operate on a decentralized network, more and more people are adopting it, and there haven't been any significant changes to how Bitcoin can be used. For these reasons, I don't think Satoshi would be disappointed with Bitcoin today, on the contrary, he would be proud of it, seeing how it continues to grow and gain more adoption.

He may dislike how Bitcoin is moving toward centralization and how more "powerful" powers want to control it. But that doesn't mean he hates Bitcoin now, it's just one of the challenges in Bitcoin's development.

[Maslate]

Definitely no. Satoshi wouldn’t criticize today’s bitcoin as a failure just because it wasn’t globally adopted yet as a currency. Satoshi isn’t narrow minded and may have seen this coming already that the government will certainly become a big barrier in its full promotion and development.

However, despite of all the attacks with bitcoin, look at bitcoin now, still on the peak of other digital currencies simply because bitcoin is the most reliable and trusted cryptocurrency of all time. Without bitcoin, we wouldn’t hear anymore the cryptocurrency market continue to exist the healthy way.

[Donneski]

If I am responsible for building Bitcoin I will feel sad today, let's forget about how Satoshi will feel, we are the adopters, how we feel is all that matters now, Satoshi Nakamoto has fulfilled his dream. I can't call Bitcoin a failure but I am not happy with the style of adopting happening around Bitcoin now.

Bitcoin used to be the people's currency or coin, can we call if the same today? Those centralised entities are on a Misson to grab every last piece of Bitcoin available in the hands of people, they can now manipulate the market to even end up with more Bitcoin. I wonder how Satoshi will feel too but that's not his fault, who would have thought that a government figure will expose Bitcoin to the government and others this way? Even Satoshi would be shocked right now.

If Satoshi were watching today, I think he will be both amazed and concerned. Amazed at how far Bitcoin has come, from a small experiment to a trillion-dollar asset but concerned at how centralized exchanges and institutions are shaping the Bitcoin landscape.

 Still, the genius of Bitcoin is that no single entity can actually rewrite the rules. Anyone can still mine, anyone can still transact peer-to-peer and anyone can still self-custody. That I think is the the safeguard against failure. If we want to keep Bitcoin as the the people’s money, then the responsibility is on us adopters to resist over-centralization and continue educating others about self-sovereignty.

[Sanitough]

There’s no reason for Satoshi to see his own investment as a failure. The fact that bitcoin continues to conquer the whole cryptocurrency market and is now reaching another heights while trying to co-exist with fiat, this is already a huge achievement for bitcoin.

With government’s approval and acceptance hopefully in the future, everything will be set for bitcoin. It’ll probably takes time, but even so if bitcoin won’t reach to the point of being accepted as a currency globally, still seeing how people keep the high demand for bitcoin and maintain its position, that’s already a big success for bitcoin.

[mirakal]

Bitcoin may not have realized yet what Satoshi has originally planned for it, but that won’t also define that bitcoin is a failure. Bitcoin has never stop evolving, but has always been continuously growing and leveling up, that it’s never just as an investment tool, but slowly some big companies are already starting to be open about bitcoin and decide to accept it as a mode of payment. It’s not yet getting the global adoption, but we have seen its already working in progress.