Bitcoin Still Fascinates Me

[Cryptomultiplier]

Right now, the global situation is so unstable that national currencies can and already do lose value. That’s why it’s wise to have several alternatives to preserve your purchasing power.

Bitcoin is now a symbol of trust for people in terms of independent transactions and maintaining the value of assets. When people do not trust the conventional monetary system, they have no option but Bitcoin. Currently, all the countries in the world that are not able to transact through dollars due to restrictions can now complete their activities using Bitcoin. Currently, the increase in oil prices has become a major cause of inflation in almost all countries of the world. The prices of all types of stock trading, including real estate trading, are falling. In this adverse situation, Bitcoin is being considered as the only way to maintain the value of assets. Bitcoin is now working as the best alternative for various purposes including transactions, security, and maintaining the value of assets.

Hence why Bitcoin is also known as digital gold. It's value is next to nothing in the world of financial asset management and its use case is one that bridges all borders and corners of the world that is plugged into its system for transactions or holding investment portfolio for either long or short term..

[DiMarxist]

Most people who own Bitcoin today are probably not into the technological aspect of it. Most are coming because of its potential to grow one's money faster. Bitcoin is largely treated as an investment. Others are joining because of Bitcoin's potential to protect their wealth from devaluation.

However, as to Bitcoin being a public storage of information, arbitrary data which could be freely accessed by anybody anytime, would you consider that part of Satoshi's original vision?

I agree with you looking at the use of Bitcoin and it's application in real life, the idea and reason for the creation of Bitcoin is been over looked in place of making money. Today most of the people going into Bitcoin adoption is doing that for the purpose of making profit and self custody which Bitcoin offers.

[JiiBs]

One of the risks to bitcoin I see currently is developing the projects in a way that is inconsistent with Satoshi Nakamoto's original vision. It is meant to be an alternative to economic tyranny (Chancellor on Brink of 2nd Bailout For Banks).

Let's use bitcoin to build a new world. A world where access to information is free for those who need it.

Can Bitcoin be further developed really? Aside from update of the on chain data capacity.

Satoshi Nakamoto didn’t really visioned it to be an asset where users would use it for a store of value but in a lot of ways, though not widely stated on the white paper, the founder contributed to this use case of Bitcoin today by actively holding as well.

Are we going to say that’s inconsistent with the original intent or vision or Bitcoin is allowed to have a path of its own.

[Way of a writer]

The concept of coloured coins/using the blockchain to notarize documents is a game-changer because it does not rely on a centralized authority to maintain. It is a publicly available ledger where no third party need be trusted. With bitcoin we can be our own bank.

What do you mean by coloured coins? Many coins are fully centralised, they are pretending to be decentralised and they are not, even Ethereum can't deny this today, at first it claimed to be decentralised and later it turned to full proof of stake coin, there are too many examples like this with alternative coins.

Bitcoin that's fully decentralised is affected by ETF and institutions around the world, the centralised authority and power have laid their hands on Bitcoin and today it feels more centralised, even the users who we should trusted are all using Bitcoin like it's centralised, everyone is the reason why decentralised side of Bitcoin isn't working well.

[Donneski]

There's actually a whole lot of untapped potentials in Bitcoin, even more than what we've ever seen since it was launched in2009. Just that there's a serious issue that might affect the usage of Bitcoin and that's the government's involvement. Their participation is raising serious concerns in the Bitcoin community as there's been different forms of regulations from the government that seem to threaten the decentralisation of Bitcoin. I wish that they'll be a proper balance where governments can set reasonable rules without interfering with what makes Bitcoin what it is.

[Sammye3]

One of the risks to bitcoin I see currently is developing the projects in a way that is inconsistent with Satoshi Nakamoto's original vision. It is meant to be an alternative to economic tyranny (Chancellor on Brink of 2nd Bailout For Banks).

Satoshi's original vision? What would the original vision of Satoshi be? And how is the current bitcoin movement deviating from what Satoshi visualized? I think Bitcoin has being really transparent in its transactions even through the highs and lows, and that should be part of what Satoshi visualized. A system where we own our money,  our keys and full access to our assets, that is the most fascinating aspect of bitcoin.