Would Satoshi Still Be Proud?

[free-bit.co.in]

To Satoshi, wherever you are and whatever your circumstances, thank you for creating Bitcoin as a tangible resistance to the authorities. Although his initial goals have not yet been fully achieved, I'm sure he would be very proud to see his creation grow so rapidly today, becoming so popular, opening eyes that freedom is real and, importantly, that everyone can have it, and control it in their own hands. I hope that in the future, I see more and more countries legalizing Bitcoin as legal tender.

But governments will only make Bitcoin a legal tender unless they perfect the legal framework and figure out how to regulate us. There will never be a time when the government will legalize bitcoin and allow us to use it freely without tracking and controlling us. That means we will no longer be free because then our daily spending in bitcoin will also be tracked.

Satoshi created Bitcoin with the intention of reducing our dependence on them and giving us freedom. How can we have freedom when we expect them to legalize it and enact a legal framework to govern it?

[melinoe]

^ There will always be a choice to use BTC besides where the government would await it.

It would still be our choice.

[o48o]

Sometimes I just think, if Satoshi Nakamoto is still around somewhere, watching how things went, would he even be happy with what Bitcoin has become?

Back then it was all about freedom, no banks, no government, just pure peer-to-peer money. But now it’s kinda different. Everything’s about KYC, taxes, regulations, and most people don’t even hold their own keys anymore, they just leave it on exchanges. Yeah sure, Bitcoin’s big now, worth a lot, everyone knows it… but that original “decentralized” spirit feels like it’s slowly dying. So if Satoshi saw all this today, maybe he’d smile a bit but also shake his head thinking, this isn’t what I wanted.

I guess he/she/they would think that "i gave it a shot, but the disciples always f* up the religion too".

Original spirit is far from what this beast has become. Everyone is trusting governments to adopt it and to pump it up with reserves.

And people blamed ethereum for being centered around the founder, only to give all the momentum to richest man on the planet and now most powerful man on the planet.
Hoping that trump would pump the price and bless the coin.

I thought influencer whales were bad for it, but this is some next level bootlicking. This was supposed to be resilient against the power, not on their mercy.

[Smack That Ace]

Sometimes I just think, if Satoshi Nakamoto is still around somewhere, watching how things went, would he even be happy with what Bitcoin has become?

Back then it was all about freedom, no banks, no government, just pure peer-to-peer money. But now it’s kinda different. Everything’s about KYC, taxes, regulations, and most people don’t even hold their own keys anymore, they just leave it on exchanges. Yeah sure, Bitcoin’s big now, worth a lot, everyone knows it… but that original “decentralized” spirit feels like it’s slowly dying. So if Satoshi saw all this today, maybe he’d smile a bit but also shake his head thinking, this isn’t what I wanted.

I guess he/she/they would think that "i gave it a shot, but the disciples always f* up the religion too".

Original spirit is far from what this beast has become. Everyone is trusting governments to adopt it and to pump it up with reserves.

And people blamed ethereum for being centered around the founder, only to give all the momentum to richest man on the planet and now most powerful man on the planet.
Hoping that trump would pump the price and bless the coin.

I thought influencer whales were bad for it, but this is some next level bootlicking. This was supposed to be resilient against the power, not on their mercy.

Bitcoin has completely deviated from its original purpose. Not stopping there, the purpose of bitcoin is to reduce dependence and move away from banks, governments and centralized organizations. But most bitcoin investors expect more regulations, more institutions and governments to adopt and hold more bitcoin. How happy would Satoshi be with all this?

Honestly, I don't know what he was thinking but based on his original intention when he created bitcoin. I also believe he would not be happy or proud of what bitcoin has achieved today.

[YOSHIE]

Sometimes I just think, if Satoshi Nakamoto is still around somewhere, watching how things went, would he even be happy with what Bitcoin has become?

If we review Satoshi's main goal in creating Bitcoin, it is not for its high value, digital currency has goals such as being decentralized, transparent, safe and so on, that is the essence of creating Bitcoin, not for its exchange value.

If Satoshi saw the current Bitcoin price situation, I'm sure he would be disappointed, it's not what he expected, if the price of Bitcoin is high automatically the costs are also high, if you look at Bitcoin, it's now beyond its creator's path. which was designed as an alternative to banking, was actually used for large-scale adoption and investment.

[fikrett]

^ Sooner or later, that would happen.

BTC is for everyone, retailer and big whale alike. Because it's freedom.

[uneng]

^ Sooner or later, that would happen.

BTC is for everyone, retailer and big whale alike. Because it's freedom.

I ask myself if Satoshi and the early developers were already aware it would happen at some point, or if they truly believed adoption would happen in a different manner, following the original principles of decentralization and privacy.

Or maybe Satoshi hasn't even been concerned about it from a collective perspective, since what matters here is the fact the individual has the possibility of using Bitcoin in a decentralized way if he wishes. Therefore, he has only reasons to be proud of his invention.

Satoshi has made the difference on the lives of few individuals around the world through Bitcoin, and it's already enough to consider it a success, besides the fact other individuals can also have the difference made on their lives, if they still wish. Despite regulations, Bitcoin is still the same. Depending who is using it, he can still have access to BTC's essence.

[LDL]

Sometimes I just think, if Satoshi Nakamoto is still around somewhere, watching how things went, would he even be happy with what Bitcoin has become?

 So if Satoshi saw all this today, maybe he’d smile a bit but also shake his head thinking, this isn’t what I wanted.

What Satoshi wanted is now being realized, and if he is alive or secretly observing everything, then Satoshi would certainly be very happy. He wanted a massive change in the world's transaction system that was not possible in any other way, and it was only possible through Bitcoin. He wanted people to create their own transaction base instead of long lines at the bank, and that is what is happening. Satoshi should be happy that most of what he wanted is being implemented and more will happen in the future.

[Z-tight]

If Satoshi saw the current Bitcoin price situation, I'm sure he would be disappointed, it's not what he expected, if the price of Bitcoin is high automatically the costs are also high,

What cost are you talking about here, cost of mining BTC? If that is what you mean, then that depends on a miner's electricity cost, cost of hardware and other maintenance cost. And again, you cannot be 'sure' of what someone else will do or think, so you cannot be sure that Satoshi, if around somewhere, would be disappointed.

if you look at Bitcoin, it's now beyond its creator's path. which was designed as an alternative to banking, was actually used for large-scale adoption and investment.

What is wrong with large scale adoption in a censorship resistant system. Satoshi created the system to be free for anyone to adopt, so why do you think he will hate it that way, when that was what he created. And BTC is still an alternative to fiat.

[₿itcoin]

Sometimes I just think, if Satoshi Nakamoto is still around somewhere, watching how things went, would he even be happy with what Bitcoin has become?
So if Satoshi saw all this today, maybe he’d smile a bit but also shake his head thinking, this isn’t what I wanted.

Honestly, I think Satoshi would have been both proud and disappointed, as you said.  On the one hand, Bitcoin has been a real success. A cypherpunk experiment that went from zero value to a global asset class, sounds like a fairy tale!  On the other hand, yes, the KYC hassles and centralized exchanges have somewhat ruined the be your own bank vibe

But in my opinion, the real beauty of Bitcoin is its irresistibility, no matter what the core protocol has not yet bowed down to anyone. Despite all the ups and downs, Bitcoin is still decentralized, bulletproof, and borderless, if you can really use it the way Satoshi intended.

Run your own node if you need to, hold your own keys, and stay away from custodial platforms. So I would say Bitcoin has never lost its soul, some users may have.

[Z-tight]

On the other hand, yes, the KYC hassles and centralized exchanges have somewhat ruined the be your own bank vibe

It has not ruined anything. People make choices and they have to live by the consequences of the choices they make. When one makes the choice of storing their BTC in binance instead of in Electrum, that is their choice. In bybit instead of Foundation Passport, still their choice. It does not affect BTC, neither does it mean someone else wouldn't make the right choice and be their own bank.

[Ziskinberg]

Sometimes I just think, if Satoshi Nakamoto is still around somewhere, watching how things went, would he even be happy with what Bitcoin has become?

If we review Satoshi's main goal in creating Bitcoin, it is not for its high value, digital currency has goals such as being decentralized, transparent, safe and so on, that is the essence of creating Bitcoin, not for its exchange value.

If Satoshi saw the current Bitcoin price situation, I'm sure he would be disappointed, it's not what he expected, if the price of Bitcoin is high automatically the costs are also high, if you look at Bitcoin, it's now beyond its creator's path. which was designed as an alternative to banking, was actually used for large-scale adoption and investment.

The freedom to own bitcoin is literally gone, but only the rich and wealthy men gain the most advantage to own bitcoin while leaving the poor ones struggling to own bitcoin. And worst is, those bitcoin they owned, they never use it as a currency to gain financial freedom, but as an investment for selfish aims just to make profitable gains.

The main goal for bitcoin has been twisted. Instead of using it as a currency to achieve financial freedom from the government, it turns out bitcoin is only maximized for selfish gains, to get rich in the process.

[Issa56]

Let’s just say he’s not proud with what’s happening right now, can he make positive changes? Or he’ll just continue  silently watching bitcoin and the crypto market and continue to anticipate good things for bitcoin?

Satoshi is definitely going to be proud of bitcoin, I know bitcoin isn’t serving its main purpose, the main reason why bitcoin was created was just to serve as alternative currency, but for bitcoin to still be active till today, then satoshi will definitely be proud.  We all have seen obstacles which bitcoin has faced in the past, but bitcoin price keeps on growing. If you check bitcoin price around 2009, 2010, then you will know that satoshi will definitely be proud, I don’t think people believed that bitcoin will get to the current price, and as we can see bitcoin price keeps on growing.

Bitcoin isn’t used for transaction by so much people yet, but few people are still making use of bitcoin for transaction, am sure with time, more people will definitely be making use of bitcoin for payment. Just the way the adoption keeps on increasing, more people will start making transactions with bitcoin, but it’s going to be a gradual process.

[Nothingtodo]

Satoshi himself wanted Bitcoin to become a strategic reserve of a country in the future, with companies storing Bitcoin in their strategic reserves with their own funds. Bitcoin has become more updated than Satoshi himself thought.
Bitcoin is no longer limited to peer-to-peer transactions, but is now on its way to becoming a global currency. When Bitcoin was born, the whole world did not show any interest in Bitcoin, but Satoshi himself can say how happy or unhappy he would be with Bitcoin's current popularity.

[MainIbem]

Satoshi himself wanted Bitcoin to become a strategic reserve of a country in the future, with companies storing Bitcoin in their strategic reserves with their own funds. Bitcoin has become more updated than Satoshi himself thought.
Bitcoin is no longer limited to peer-to-peer transactions, but is now on its way to becoming a global currency. When Bitcoin was born, the whole world did not show any interest in Bitcoin, but Satoshi himself can say how happy or unhappy he would be with Bitcoin's current popularity.

You're right, Bitcoin has become very valuable and that alone would make him proud knowing that what he introduced to the world has become the most valuable digital asset out there I don't think there's anyone that would come up with such ideas that Satoshi's that won't be proud currently and I believe that he'll be more happier in the future cause Bitcoin has the potential of going up against gold and could achieve that milestone in years to come, it's something we're all looking forwards to.

[Mate2237]

Regardless of what is happening now about KYC and government trying to come into Bitcoin by imposing tax as you have pointed out, Satoshi will still be happy if he was here today. One thing you have to realize is that, you can't compare Bitcoin in it's early start to were Bitcoin was almost free and nobody wanted to get it.becausr little was known about Bitcoin it was still see as an experiment which was bound to fail by many people including the government of many nations. Turn around the hands of time and bitcoin is not thesame again bitcoin is now one of the biggest assets in the world.


Nobody can argue the fact that Bitcoin has become so much success that government has to naturally step in, because of interest and what they can also make from Bitcoin as a profit so I don't think that Satoshi will be disappointed by what Bitcoin has turned out to be because the essence of Bitcoin been created is still fulfilled.

[Finestream]

That's because bitcoin has started to gain attraction from the government due to the noise coming from people hyping bitcoin, and it's all over the social media, so most likely the government is now starting to eye on it. And now different set of regulations are out which steals our freedom for bitcoin, in which Satoshi may not like it if ever he's watching us afar. So probably he isn't proud of the current government restrictions towards bitcoin, but I'm sure he's proud of what bitcoin has become.

Bitcoin is now called as the digital gold, aside from knowing it originally as a currency. So it's certainly a plus points for bitcoin while we are still working on its global adoption. Satoshi may be sad with regards to how the government attack bitcoin, but I know Satoshi must be proud about bitcoin deep inside.

[Sonia_123]

Sometimes I just think, if Satoshi Nakamoto is still around somewhere, watching how things went, would he even be happy with what Bitcoin has become?

Back then it was all about freedom, no banks, no government, just pure peer-to-peer money. But now it’s kinda different. Everything’s about KYC, taxes, regulations, and most people don’t even hold their own keys anymore, they just leave it on exchanges. Yeah sure, Bitcoin’s big now, worth a lot, everyone knows it… but that original “decentralized” spirit feels like it’s slowly dying. So if Satoshi saw all this today, maybe he’d smile a bit but also shake his head thinking, this isn’t what I wanted.

In whatever way you think about Bitcoin today Satoshi will be proud of himself seeing what he created coming to reality and used for the purpose of what he created it for, remember that Bitcoin was created to be an hedge over inflation, purchasing of goods and services online without the interference of a third party, to have financial freedom from our traditional banking system.

Seeing all these is aim coming to success the way the world is roaming and accepting bitcoin, will be fulfilled wherever he his.
Bitcoin purpose of creation is not dieing but growing beyond expectation and breaking boundaries towards the right and brighter direction nobody knows it will become what it has today.

[CryptoBuds]

Sometimes I just think, if Satoshi Nakamoto is still around somewhere, watching how things went, would he even be happy with what Bitcoin has become?

Back then it was all about freedom, no banks, no government, just pure peer-to-peer money. But now it’s kinda different. Everything’s about KYC, taxes, regulations, and most people don’t even hold their own keys anymore, they just leave it on exchanges. Yeah sure, Bitcoin’s big now, worth a lot, everyone knows it… but that original “decentralized” spirit feels like it’s slowly dying. So if Satoshi saw all this today, maybe he’d smile a bit but also shake his head thinking, this isn’t what I wanted.

In whatever way you think about Bitcoin today Satoshi will be proud of himself seeing what he created coming to reality and used for the purpose of what he created it for, remember that Bitcoin was created to be an hedge over inflation, purchasing of goods and services online without the interference of a third party, to have financial freedom from our traditional banking system.

Seeing all these is aim coming to success the way the world is roaming and accepting bitcoin, will be fulfilled wherever he his.
Bitcoin purpose of creation is not dieing but growing beyond expectation and breaking boundaries towards the right and brighter direction nobody knows it will become what it has today.

Is Bitcoin being used for the purpose Satoshi intended? Are you kidding? According to bitcoin's white paper, he created it as a peer to peer currency that does not require the intervention and permission of a third party like a bank or government. But let's see what we're turning bitcoin into.

We turned it into a speculative asset hoping to get rich quick, using centralized services like CEX, custodial wallets to store bitcoins. Not stopping there, we welcome and support the intervention of governments and organizations, and pray they will buy the majority of bitcoin. How can we say that Bitcoin is being used for its original purpose?

Although bitcoin has become popular globally, it has completely deviated from its original purpose. I don't think he'll be overly happy with this result.