Quote from: HabBear on January 28, 2020, 07:14:39 PM

I believe Bitcoin is starting to deviate from Satoshi's original vision in some specific areas, but not the same areas you have concern.

Quote from: Rickeo on January 28, 2020, 06:31:14 PM

How can we even call Bitcoin a crypto CURRENCY, it's really not a CURRENCY anymore and I'll explain why.

Sure, Satoshi created a currency but that's also a term for an asset that can be transacted...which is what Bitcoin is. He could never perceive how the market would use this asset and the fact that people are hodling it more than spending it is probably a testament to how bad the problem was he was trying to solve.

If he's trying to solve the inequity between the rich and the poor, then people who own bitcoin and are hodling it are doing so because it helps them resolve that inequity in wealth between the rich and the poor!

For me, Bitcoin is starting to deviate from the original vision in the following ways:

Mining is for the wealthy, not for everybody
As the cost of mining increases the currency's control becomes more centralized among fewer mining operations

In theory these concerns I list would be resolved once every coin is mined. But this is also why ideas like Pi coin are uniquely attractive as alternative ways to deliver mining to the people.

Thank you for a mature reply and genuine discussion, it's much appreciated. I half expected to just got a torrent of abuse and hate for this.

I understand where you're coming from and I appreciate your view and opinion. I do think we're on different pages, I think Satoshi made it clear that super fast transactions, that could be sent across the world, at lightning speed, for incredibly cheap was what his passion about Bitcoin was about.

I remember the talk back then how it could be revolutionary for countries and how aid could be given as people could give tiny microtransactions that may not seem like much but added up and in a country where those small amounts could convert to bigger amounts, well that possibility was just inspiring and revolutionary.

I do get it, even as a store of value it still holds VALUE but I just don't think there's anything about it now that gets me fired up like it used to, when I first heard about Bitcoin, when it wasn't making huge % gains, my conversation to get people to invest was about how the technology was revolutionary, how it could totally disrupt the modern financial system. It was revolutionary.

Now, when I hear people convincing people to get some Bitcoin it's almost always followed by "I've earned X amount" or "You'll make so much money" it's literally become all about the gains and that's it. Which is sad. We'll hit a wall where that doesn't hold true anymore and then what?

Quote from: JNvak on January 28, 2020, 07:22:48 PM

I like to think that Bitcoin is not only the beginnining of cryptocurrencies, but a bridge that will leads us to a greater online currency in the future. Right now we have thousands of cryptocurrency projects, but vast majority of them are 'shitcoins' which aren't contributing to the progress of digital money. I think that Bitcoin will someday die, but I hope it'll be replaced by something greater. Satoshi's vision is something truly beautiful but it's not feasible in our world. Some pieces of it liven up but it's just the start of a long journey.

Yea, I feel exactly the same way as you to be honest.

There is a lot of crap out there but there are also some diamonds and it's just about letting time do it's things and seeing which projects will survive.

When I compare NANO to Bitcoin it's more in line with Satoshi's original vision, but the best technology doesn't always win.

LTC and BCH are out performing and are more used than NANO, that being said NANO isn't without it's flaws and there's a lot it doesn't do or isn't designed to do.

But right now it's one of the few cryptocurencies that I know where people can send a fraction of a penny without losing a single sat, super fast, feeless, microtransactions are truly that, you can send as little as you want with no fee.

Do I think NANO will win and rule the day though? No, sadly not. It has it's flaws and like I said, it has it's flaws.

Time will tell, I'm sure there are many projects yet to come that we can't even imagine that will perform so well and be just as revolutionary as Bitcoin was. Blockchain - the possibilities are endless.